Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
For info, the current daily production average (from data reported to the NSTA and measured over the last 30 days) is 71,424 therms a day.
That would give rise to a current monthly production expectation of between 2.14 million and 2.21 million therms a month.
BV, try being truthful (though the fact you make so much effort to discredit individual posters, rather than the contents of their posts is in itself highly telling).
Yes I have been a member of LSE since Dec 2016.
No I have not been posting on ANGS all that time.
Yes I have held ANGS shares in the past.
I'm completely open about not wanting currently to part with any of my hard-earned cash on ANGS, despite all your constant encouragements to whoever would listen over the last several years that this was a fabulous investment opportunity. Being that the SP is at a 52 week low, hopefully nobody listened to you.
Yes, a little more, starting with the fact that BV's statement is simply untrue (quelle surprise).
Zolander, I haven't even got a personal estimate of that floor price. Reason being is that ANGS currently faces literally existential issues.
It remains true that the company's primary asset has worth, so that's a good begining. However, such have been the company's continual massive under-estimations of the time and cost necessary to get itself into a position where it could start monetising that asset that it has needed to encumber itself with high levels of very expensive debt and other liabilities. This has given literally all the cards to the lenders.... the whole deck.
The fact that ANGS has a c. £7 million liability to pay in full next month (that being the 2nd junior loan) and the fact that it had to convert the last junior loan (that was only half the size) into paper just three months ago (despite having promised it had taken out said loans because it didn't want to dilute existing shareholders) leaves me thinking that I cannot possibly come up with even a vague opinion as to floor price at the moment.
Perhaps if affordably priced global refinancing is arranged prior to that c. £7m repayment necessity in a few weeks' time, things may become more clear? But at the moment, ANGS exists entirely at the whim of the lenders, IMO.
They are, Zolander. Well, for the adults who post here they are. There are a few here who are so paranoid about this share (possibly rightfully so, the way things are looking) that they will jump on any comment and/or poster that isn't gushingly positive and claim that they're some sort of troll.
In answer to your question, there's been no definitive answer given by the company that you could hang your hat on. It has said it hoped for this to be concluded before Christmas, but that it should be concluded before the c. £7 million that's owed on the 2nd junior loan becomes fully repayable in January.
One would hope that this time, this assurance from ANGS is accurate. For a change.
BV since you ask...
CTAG is a fascinating story, worthy IMV of its own documentary as it's a poster child exemplar of the twists and turns of AIM.
It listed in early 2013, made multiple claims and promises over the next four years (none of which turned out to have the slightest substance) and then following the resignation of its Nomad, the company was suspended in Feb 2017. (And if you know anything about AIM, it takes a helluva lot of doing to get a Nomad to resign - those guys usually stay collecting fees while not doing their legally tasked job of truth-checking for as long as humanly possible).
The company (not that it merits the word these days, but still...) then moved its provenance over to St. Vincent and all went quiet. However. over the last year via its website, it's been making claims that its locked-in shareholders are imminently due a pay-out for some IP that it's allegedly sold. As I used to keep an eye on it and the shenanigans it was involve din back in the day - and as its soap opera surprisingly seems to continue - I keep an eye on it.
If one is hellbent on averaging down, I'd respectfully suggest that it's best to wait until the falling knife has firmly embedded itself in the floor.
Right now, those "millions of extra shares" allegedly and near constantly accumulated by a lead member of the heavenly choir of cheerleaders over the last several months don't look exactly like the smartest of purchases.
Perhaps if easily verifiable facts had been looked at by said uber-positive pompom waver, he might have decided to wait and got a lot more paper for his money?
Still, each to his or her own, I suppose...
Silenced, BV? By your fact-avoiding made-up accusations? Hardly...
Thing is, facts do the talking. You'd presumably agree that the best time to buy a share is at its lowest pricepoint? Take a look at the SP, since that does all the talking that's necessary. If (and it's a fairly large if) this is the share's lowest level, then buying to hold at higher pricepoints (as you claim to have done on multiple occasions) was clearly not the best thing to have done. Your constant cheerleading has equally obviously not been worth paying any attention to.
As to what I see when I close my eyes? Clearly unlike yourself, closing my eyes is not something I am prone to doIng when it comes to making my own investment decisions - and ANGS is a classic case in point. I prefer to make sure I am aware of the verifiable facts in play...; since that does tend to work better.
JD-Nau makes a reasonable point. If ANGS does manage to secure reasonably priced replacement finance so it doesn't have to convert a further £7 million of debt into massively dilutative confetti next month, I agree that it would be in better shape.
The latest burning question regarding this so far undeviatingly disappointing company is - how likely is that?
Well, given the SP is (again) at a 52 week low, I'm both delighted and relieved that I've consistently ignored your constant encouragements over the last several years to buy in, because ANGS was an alleged " guaranteed multi-bagger". I've clearly managed to dodge a bullet there.
Presumably given your repeated assurances of jam tomorrow, you're busy averaging down yet again, BV? That is, if you've ever believed your own assurances?
Data as a platform, as it happens
If only it were a penny share price...
As a 52 week low is reached (again), presumably the permanently uber-positive and fact-allergic heavenly choir are all rushing to average down (again) on this stellar opportunity?
I personally find the irredeemably uber-positive to be as distasteful as they are unrealistic (given the overweening weight of historical evidence as to whether anything that Amit claims is credible or not). However, having said that...
...it's all pretty much entirely irrelevant. All any genuine PI can do is wait and see if anything actually happens. There is literally no other choice. Probably not the greatest idea to go planning what one's going to spend any incoming funds on, though.
Again with your fairytales BV. You should get a job at ANGS, the rate you spin these. Mind you, easier than you facing up to facts, I suppose?
Anyhow, looking at the SP, surely it's about time for you tell us all you've averaged down yet again on this guaranteed banker, no?
Very obviously the only category of BB poster that still vociferously and unswervingly cheerlead for Amit.
I'm guessing that by "crap", BV must mean "things that are untrue"...
Here are some facts.
1. Over the last 30 days, daily production has averaged 72,740 therms, giving an expected average monthly total of under 2.2 million therms. A fair bit less than ANGS's most recent forecast of 2.7 million therms a month.
2. The first £3m junior loan plus eyewateringly high interest was as we know converted into shares - despite the company saying that it was choosing to take out loans because that was better for shareholders than diluting via placing (even though that's pretty much exactly what it did).
3. The second £6m junior loan becomes fully repayable in January. It remains to be seen if this will be repaid in cash or if ANGSA will again issue more dilutative confetti to clear this off the books.
4. Related to the above and giving ANGS the possibility to pay off that c £7m liability in cash next month, there has been no update on any replacement global financing, despite ANGS recently saying that this has become easier to negotiate.
5. All natural gas futures pricing is now sharply off higher levels of a month or two ago and now stand at sub 90p per therm.
All very easily verifiable facts, and not "crap", I'm afraid.
BV will of course be virulently allergic to these and so will be along as quick as his little legs can carry him with some playground insults, some made-up stuff and some other attempts to smokescreen...
Amit's shown himself many times to be a past-master at being quite deliberately unclear and vague for as long as he can get away with it.
"Shareholders are reminded that the process takes AROUND 5 weeks to complete."
I would draw attention to the word that I've capitalised (and you can bet your bottom dollar that the shills here will be leveraging that one shortly).
There's definitely no shortage of shills pretending to be genuine investors, that's for sure.
I see that the disingenuous here are by now really scraping the barrel with their made-up "they're all green activists!" myth.
Hardly a surprise. As to why the ramp squad claim that anyone with a less than positive view on UKOG is a Greta-worshipping XR member? That's crushingly simple to answer - it's because although facile, it's literally the only tactic available to them in their efforts to deceive.
They can hardly put forward any argument based on facts, can they? Because as anyone with an IQ bigger than their shoesize can see in a microsecond, every single piece of oh so easily verifiable factual evidence shows UKOG up as being an utter farce of an investment. So the likes of Insidious have to ignore all those and instead attempt to play the man, not the ball, when it comes to trying to discredit those posting fact-based realistic opinion.
Basically, the pompom wavers have to make stuff up... it's all they've got left.
Why do the ramp squad claim that anyone with a less than positive view on UKOG is a green activist? That's crushingly simple to answer - it's because although facile, it's literally the only tactic available to them in their efforts to deceive.
They can hardly put forward any argument based on facts, can they? Because as you point out, every single piece of oh so easily verifiable factual evidence shows UKOG up as being an utter farce of an investment. So they have to ignore all those and instead attempt to play the man, not the ball, when it comes to trying to discredit those posting fact-based realistic opinion.
Basically, the pompom wavers have to make stuff up... it's all they've got left.
To be fair, nowhere near as much of a joke as your frankly banal attempts at zero evidence ramping.
Now those do raise a smile...