Member Info for ART123

It gets worse on looking into this further and is downright annoying and a bit deceitful.

The 5p warrants exercised on 27th May were originally issued as part of the £1M placing on 1st May 2026 at 1 warrant for every 2 placing shares. So if the 13,518,500 warrants were exercised by one body/Investor then the total number of placing shares taken up by that same body/Investor must have been twice this amount - or 27,037,000 shares - and as according to the placing RNS the new total number of shares in issue was 165,697,654 that equates to over 16% of the total shares in issued and all without a TR1.

Blimey, no wonder all genuine shareholders have been staggered by the huge amount of selling (which continued today) and the lack of any meaningful rise in the share price over the last month or two.

Sorry I've started so I'll finish...............

........123 million shares in issue. Right now there are 213 million shares in issue so 90 million have been issued without a single TR1 or any mention of any significant holdings (and their subsequent disposal).

On 27th May 2026 an RNS announced the exercise of 2,222,220 broker warrants at £0.027 and 13,518,500 investor warrants at £0.05, raising approximately £736,000 in gross proceeds for work programmes and general working capital. The 13,518,500 warrants were almost certainly exercised by one body and as that brought the total shares in issue to 187 million then that one exercise represented more than 7% of the new total shares in issue and yet no TR1 was issued.

Similarly on 22nd May and 2nd June a total of 5,100,000 and 5,800,000 new shares were issued to an unnamed 'Institutional Investor' to repay outstanding debt with the total number of new shares representing over 5% of the new shares in issue and yet again no TR1 was released.

This is very sloppy and also leads to confusion about who has been selling and why. And these figures above only account for just under 24 million of the 90 million shares that have been issued since the website significant shareholders details were last updated.

One big problem here has been the lack of information regarding the buying and selling of the major shareholders. According to the website the Significant Shareholders info was last updated on 25th October 2025 when there were 123

Vol Bought 899,897

Vol Sold 83,849

and these figures look to be about right as there hasn't been a big spread all day. Any other share and the SP would have been up by a few %. Hopefully we will get an update regarding the June site visit soon and that might get the share price moving upwards a bit faster.

New stylish website - https://www.energybplc.com/ - and the GM to approve the Horse Hill acquisition is set for 15th July. This is not to approve the placing (which was within issuing limits and has already gone through) but just for shareholders to give the nod to approve the purchase of the Horse Hill oil field. This should just be a formality and then the fun can begin.

Yes, it all takes time. This is my post from 22nd April, pointing out that in terms of in-ground value the GreenTech project towers over the Elizabeth Hill silver prospect.

"This is certainly worth holding for the imminent assays and resource re-estimation for the Munni Munni prospect, which in terms of in-ground value is in a completely different league to the Elizabeth Hill silver prospect. As it stands the silver has an in-ground value of $218 million while Munni Munni has an in-ground value of about $4 billion - and that is before the expected material upgrade. The Elizabeth Hill silver project has never been properly drilled whereas the PGE prospect has already had 97,000 metres of historical drilling."

It's due anyway and hopefully will be released before the end of the month.

Talon Resources PLC has successfully admitted its ordinary share capital to trading on AIM under the ticker "TAR," with 569,289,670 shares in issue. So at 1.375p the m/cap is £7.8M.

Of course the perfect scenario will be for GreenTech management to decide that the updated MRE is of sufficient importance to warrant a suspension of the ASX listing for a day or two during which time the UFO share price can rise considerably in advance of the MRE publication. This is a possible though not guaranteed scenario.

From the GreenTech Metals RNS dated 7th May:

Resource Re-Estimation to JORC 2012

Drilling and resampling results support an expanded re-estimation of the historic MRE2 following validation of historical information through the QA/QC programme required for JORC (2012) reporting. New drilling and resampling results have been merged into the database, and in parallel GreenTech will advance updated metallurgical test work and consider Net Smelter Return (NSR) inputs required for resource modelling. The re-estimated MRE is expected in June 2026.

The Project is situated on granted Mining Leases (MLs) with an historical JORC (2004) Mineral Resource Estimate (MRE) of 23.6 Mt @ 2.9 g/t 4E (PGE+Au) for 2.2Moz. This resource was historically defined in the period 1985–2002 with 91,077m of drilling comprising 328 drill holes.

Sorry to be the party pooper but It looks to me as though Ed Mead is getting completely carried away using words such as "terrific, game changer, amazing, incredible, etc" on results that are poor at best. To drill to 150 metres and only find 11m Au at 0.7g/t is not very exciting or the least bit commercial. Out of the 7 holes that have been assayed holes 002, 004 and 007 appear to have hit nothing worth mentioning with only hole 003 hitting the above mentioned assays. Of the other holes, Hole 001 has only hit 1m @ 0.2g/t Au from 77m and 2m @ 0.3g/t Au from 120m which is pretty appalling. Hole 005 is little better. Hold on to your hats alright - but only when the share price here is falling!!!

AJMHO

The intrigue continues. I can see 2 trades on the Aquis website both for 682,500 shares and both on 17th June and they don't appear to cancel each other out as the buy price is slightly higher for the 2nd recorded trade. These must be Directors buys so lets hope the details get revealed soon.

Well Empire Metals have certainly had their wobbles over the years - before finally coming good last year peaking at a £500M m/cap. That would certainly go down well here if they hit the sweet spot.

I would say that GEX is a much better prospect than FORG but we won't know for sure until firstly the Hussar well spuds, secondly what the drill results say and thirdly what the FORG drill results say.

I was in FORG recently in the run up to the Peak Hills drill spud and I was expecting/hoping for the share price to rise to around the 0.04p/0.05p level, which would have given a m/cap of around £10M/£12.5M, which is not unreasonable for a new prospect in Western Australia and many have been a lot higher. However the rise failed to materialise with the m/cap stuck at around £4M/£5M.

The most probable reason for the lack of a decent pre-spud rise is the huge dilution that has happened at FORG since the change of direction. FORG have sprung out of Eqtec, where there were less than 1 billion shares in issue. However, in order to pay off the EQT bondholders and settle outstanding debt as well as to raise funding for the new projects, the share count has increased to over 25,000M shares and that is just a ridiculous amount of dilution.

Yes there has been dilution here - from 127M shares to 213M - and that is definitely slowing down the potential rise here, but that is not in the same league as the dilution at FORG. I fear that they will need some hugely spectacular drill results at Peak Hills (and the other 2 prospects) before all that dilution can be churned and I don't reckon that is going to happen with the current shallow drill program. Here however things could go ballistic if the Hussar drill hits Helium at up to 9%.

And I would still be lot happier here if the share price started a modest rise to 7p, 8p and 10p - and that is just for starters.

Just my thoughts.

682,500 shares bought yesterday for £88,730 at 13p per share. Must be a Director's Buy. No RNS as yet but it has all the hallmarks of another purchase by David Lenigas. He was probably waiting for the placing shares to be admitted before buying more.

It is so annoying.............. and so stupid...........and so boringly monotonous...................................

I see that all the losers from UKOG are turning up to bash this one before it even starts. By the way they have already done a placing to secure the cash - and at a 127% premium to the previous closing price. And I fancy that this 'tiddler' will have a m/cap considerably bigger than UKOG's within a month or two.

It's about time that the share price started to re-rate upwards. This 6p malarkey is getting on everyone's nerves. It's time the sellers and churners set their sights a bit higher and stopped the selling for now which would allow the share price to climb up to 7p, 8p and on to 10p. For goodness sake, the IPO price was 12.5p and I admit that there has been a good few shares issued since then but the m/cap compared to other helium explorers is tiny. It's time to get this re-rate started.

Sorry I'll continue......

The key mover here is going to be the retrospective planning permission for Horse Hill to resume production. Let's face it, there is no way that Energy B would even be considering this acquisition if they weren't confident that they will get this consent. Before that they will need shareholder approval with a GM set for July with details to be announced soon. Interestingly Apertura (VZLA) recently went from 11p to over £1.50 on the strength of a GM to approve their change of direction and change of directors, etc. Can the same happen here? very possibly, especially considering that Horse Hill is a proven asset.

Along with the retrospective planning permission, Govt approval will be required for the change of ownership and then it will be straight into production. Oh and by the time the various approvals will have been granted the share price and m/cap should be many multiples of where it is now (VZLA went from a m/cap of just over £1M to over £20M with just shareholder approval) and the same sort of rise here would make it very easy for Energy B to raise the funding required to get back into production without too much dilution. The only question left is which oil zone they will target for production - or both. Personally I hope that they are going to work the Kimmeridge as this is hugely unexploited. Maybe a horizontal drill through the Kimmeridge - that's what I would like anyway.

One for the early birds. ATB

Shares are now available on IG.

The key mover here is going to be the retrospective planning permission for

Slight difference in that HE1 has a £50M m/cap. That wouldn't go amiss here when the damn stupid sellers finally go. It would be a good start anyway.