Member Info for Digby04

Looks like Bill Hicks is being given the heave-ho. Interested in thoughts on this from those in the know.

'Bill Higgs, Tim Bushell, and Hassan Gozal did not receive the required 50% majority of votes in favour of election and accordingly have not been reappointed as Directors. The market will be updated in due course once the Board has considered the implications of the vote.'

Tremendous news in this RNS...
'Amitsoq Graphite Project Update - Significant Tonnage Upgrade to Amitsoq Island Exploration Target

'Highlights
· Following the Maiden Resource estimate announced on 8 March 2022, the Exploration Target for the Amitsoq Island Deposit has now been updated.
· The Exploration Target[1] has increased from a tonnage range of 1.7 Mt-4.5 Mt at a grade range of 24-36% Graphitic Carbon ('Cg') (as announced by Alba Mineral Resources plc on 7 May 2021) to a tonnage range of 5-15 Mt at a grade range of 18-22% Cg.
· The Maiden Resource for the Amitsoq Island Deposit (announced by GreenRoc on 8 March 2022) defined a combined Indicated and Inferred JORC Resource of 8.28 million tonnes (Mt) at an average grade of 19.75% Cg, giving a total graphite content of 1.63 Mt.
· The Deposit is open along strike (predominantly to the north) and down dip to the west, and this will be tested in the Phase 2 drilling programme this year.
· There is additional considerable upside potential to come from the, as yet undrilled deposit, (the "Kalaaq Deposit") to the south of Amitsoq Island; a revised Exploration Target calculation is being undertaken for this deposit.
· Graphite is a core component of an Electric Vehicle ("EV") battery and this is driving graphite demand and prices, with UBS estimating a natural graphite deficit of 3.7Mt by 2030, representing circa 37% of the global market.
· GreenRoc's technical work to date has confirmed that Amitsoq graphite can be upgraded to a more than 99.95% pure graphite product, which is the specification requirement for EV batteries, making GreenRoc well positioned to capitalise on the transition to Net Zero.'

Genel Energy plc ('the Company') announces that it has today posted its Annual Report for the year ended 31 December 2021 ('Annual Report') to shareholders together with the Notice of the 2022 Annual General Meeting ('AGM') and forms of proxy. The Company will hold its AGM on Thursday 12 May 2022.

In accordance with Listing Rule 9.6.1, copies of the Company's Annual Report, the Notice of AGM, and proxy forms have also been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The Annual Report and Notice of AGM will also be available on the Company's website at www.genelenergy.com.

It's done it... big time! Well done RIO.
And there's a nice fat dividend to look forward to in 3 weeks...!

L3: suggest you listen to it at https://www.investormeetcompany.com, then you can make up your own mind.
As they say... DYOR

This resurgent sp has some way to go. The news last Thursday about Sarta, et al, and the explanation concerning the seemingly erratic payments by KRG will have provided reassurance for many potential investors. With low production costs, relative political stability in Kurdistan region of Iraq (which I visited in December 2021 - doing consultancy work for another oil company) and no sign of oil price retreating, this looks undervalued. GENL is a very respectable dividend payer, so with 3 weeks to go before it goes Ex-Dividend, I reckon we are heading back above £2 for the first time since 2019.

But DYOR...! GLA

My understanding is that Tullow's place in FTSE 250 goes live next Monday (21st March). This should mean that it will attract investment from funds that only buy main market stocks. Happy to be corrected if I am mistaken about dates (etc.).

Thanks JC. I watched part of the presentation and came away with a similarly positive feeling about developments. I'll watch the rest of it later but feel happier about payment issues as a result of the presentation. Progress at Sarta is encouraging as well.

GLA

Encouraging statement by the Chairman of GROC in today's RNS - especially the reference to the future:

'Our goal for our key assets, Amitsoq and TBS, is to complete feasibility and environmental and social impact assessments ("ESIAs") as expeditiously as possible so that we can apply to the Greenland Government for mining licences. As such, we intend to commence ESIA work at TBS shortly and to complete the field work component of that exercise during the coming summer months. We will also continue environmental studies at Amitsoq this year, so that we will be ready to move into the ESIA process following this summer's second phase drilling campaign there.
This promises to be a year of significant growth for GreenRoc as we push forward in our objective to become a producer of critical minerals. I would like to thank our shareholders for coming with us on this very exciting journey.'

Given the size and quality of the resources already discovered, the push to increase the resource base and desire to rapidly monetize assets, this has to be a STRONG BUY.

Anyone know if we’ve made the cut for FTSE 250?

Thanks

That's a good find, Burton. Many thanks. The final paragraph is worth highlighting as well....

'Looking ahead
Fully funded for its current work, GreenRoc seems set for an interesting year. Phase 2 drilling is planned at its two graphite sites at Amitsoq, and at the Thule ilmenite deposit. Time will tell whether it can move one or more of these into development by the end of the year. The company’s share price has drifted down from its admission price of 10p to around 5.8p at the time of writing, taking its market cap to £6.5m from £11.1m. At this price it might fit into a diversified portfolio for small natural resource investors interested in taking a longer term stake in the strategic metals sector. It’s early days, but GreenRoc Mining may be one to watch this year.'

I fully agree with you, Mr P., such that half an hour ago I bought a further 25,489 shares, but guess what...? My purchase is being shown as a sale. What a rubbish system!

Thanks guys. Lloyds finally coughed up divi this afternoon.

GLA

Anyone received their Q3 dividend yet? I'm with Lloyds/Halifax and normally the new scrip shares appear in my account the next working day after payment, which was due to be on Friday 17th Dec.

Thanks for that Mullins - all sounds very encouraging. With luck sp has bottomed-out now. We just need news on plans to monetize all the graphite assets that we have and then, hopefully, the sp will move in a positive direction.

Nice one! More please.

GLA

The fact that the sp is getting close to cash holdings should mean that we are close to the bottom now - and this is ascribing nil value to GreenRoc's assets. Given the increasing need for graphite as we progress towards EVs, etc. this doesn't make sense, especially since we are not talking about mining the stuff in DR Congo, or anywhere dodgy like that.

If it goes down to 5p, I'm definitely going to load up, to reduce my average and increase holdings in a company that will start rewarding shareholders within a year or so.

Extract from his article: 'We'll all pay for turning Big Oil into a pariah
'Nobody is standing up to the hysteria of green activists and admitting: we still need hydrocarbons'

'....And yet the industry is being driven underground by politicians and regulators too cowed to stand up to the hysteria of the climate change activists. The enemy within is almost as bad as the holier than thou pressures from without; oil company boards, together with those of their bankers, are these days stacked with well meaning do-gooders more focused on bowing to the campaigners than the demands of shareholder value.'

I have just sent mine as well - so, only 4 more required.

GLA

Thanks hedgehog - your reading of the situation is encouraging.