Member Info for Jeremiah99

I'd rate things differently -

1) Greenroc. Proven high grade resource of a product currently in demand. However the EU bureaucratic process slows things up compared to the US or China. Still Alba's best hope as long as they can survive to see some s/p uplift to raise into before it's too late.

2) Motzfeldt - needs a partner on board to fund the drilling but you'd probably have to give the lion's share of the asset away. Also a long slow complicated process to extract and refine REs should they find them in commercial amounts. I doubt that any buyout offer for Motzfeldt would appear at this early stage.

3) Clogau. I'm not sure there is much gold there otherwise with the current gold price and Welsh mark up they'd have it out by now. I feel we were scammed by earlier talk of several ozs of gold/tonne in rock surrounding the vein.

4) Horse Hill - might depend on whether or not we get net zero Millipede in the cabinet. Even if we restart re-drilling for oil in the UK, the output will still take years and then be sold at prevailing global prices, though it will provide jobs and taxes.

If any asset gets sold the proceeds will probably disappear into the BoD salary trough.

Just my (very) amateur opinion

Shares purchased 10 minutes before the webinar. I do hope that's someone in the know!

If I buy more at these levels, then 0.35p

If I sell at around 1p, then 3p+

I'll let you all know what I'm doing so you can prepare :-)

Apart from anything else isn't there a rule against touting shares of a company on another BB?

Fair enough FF, you put up a cogent counter argument which may have some merit. However your original post on a BB which has witnessed the s/p halve in the last couple of months was a little insensitive. I do feel you may have sold just as the s/p here has bottomed, so the uncomfortable metaphorical itch you may begin to suffer may be the s/p drifting steadily back up to previous levels and beyond. ;-)

Only a lowlife would come onto a BB to say they've sold up for what they think may be a better prospect. It's like saying 'I've been bonking your sister but I've just dumped her for the girl next door with bigger boobs. I might come back when I'm done with her'

Hope you get a metaphorical STD...

In the absence of funds to do much in Greenland (I don't envisage much interest in Motzfeldt until a comprehensive drilling campaign reveals significant intervals of REs, and that could take months) and with the Groc Mcap mystifyingly going backwards, you'd think they would have prioritised getting a revenue stream up and running at Clogau as a matter of urgency. I'm sure Parker Schnabel would have had it producing by now. How long does it take to blast the veins and shift the rubble to surface. Me and another guy shifted 36 tonnes of old tyres onto hooks by hand in one night shift at Uniroyal in Trafford Park back in the day. Unless, of course Clogau is the epitome of that old saying about the definition of a mine...

I'd rather we went along for the ride as someone must be confident that there's value to be had at HH. Of course we'd need to find our share of the operational costs, which seems unlikely just now.

The buyer is appointing Lenigas -

"12 June 2026

energy B plc

("energy B" or "the Company")

Horse Hill Oil Field Acquisition Agreement, £1.2m Placing, subscription and Director Changes

energy B plc (AQSE: NRGB) is pleased to announce that it has successfully completed a placing of £1.2m (gross) (the "Placing"), signed an agreement with London listed UK Oil & Gas Plc ("UKOG") to conditionally acquire their entire interest in the Horse Hill Oil Field ("Horse Hill" or "HH") near Gatwick Airport and the appointment of David Lenigas as Chairman, effective immediately."

https://www.investegate.co.uk/announcement/rns/energy-b-plc--nrgb/horse-hill-oil-field-acquisition-and-placing-/9614715

Well I hope Lenigas can again work his dark magic to hype the s/p up to ridiculously unsustainable heights so we can all bale out with a bit of our losses recouped :-)

If I remember correctly the UKOG Mcap hit £300m at the height of the HH hype (1bn barrels of oil underground)

Https://www.lse.co.uk/rns/UKOG/sale-of-horse-hill-pedl137-interests-p5qdihvyz5ix6un.html

Does AKN still hold, what was it? 11% of HH?

Well, so much for his 6.5p target stated on 19th April, we're now at just about half that. There seems to be no interest or belief in this share. We're at roughly the IPO valuation of several years ago despite operational, bureaucratic and financial support milestones having been steadily achieved since then. I'm a little bemused...

Thanks elir71, but I wouldn't want to put you to too much trouble. I think what you posted before -

"Following the chairman of EIFO's speech, I'd reiterate Stefan's past words, "don't worry too much"

probably says it all.

By Stefan has been posted on the company website, but I would have liked to hear what the other speakers said.

That's behind a paywall, but I found this article outlining what the EU needs to do to help the EV battery sector.

https://www.google.com/amp/s/cleantechnica.com/2026/05/29/how-the-industrial-accelerator-act-can-help-avoid-more-battery-factories-going-bust/%3famp=1

Yes I should have mentioned that the info was from AI after Googling it. Don't know where AI picked it up from but hopefully no smoke without fire..

I see ABB and Siemens are mentioned as possible interested parties for Morrow. Both have market Caps around $200bn, so plenty of cash to get the Arendal gigafactory back up and running as well as maybe doing a deal with Groc for the graphite AAM to supply it. We can dream....:-)

Hopefully the Morrow plant in Norway will be bought up by someone with deeper pockets who will continue the drive to produce EV batteries there. Maybe even keep a lot of the same staff in place? Companies like Morrow and previously Nordvolt going bust is where capitalism insufficiently backed by government falls down, but I feel the penny has dropped and both the EU and the US can see the urgency of getting an EV supply line in place asap (despite Trump's drill baby drill rhetoric)

Thanks for the info you gleaned from your visit, elir71. I was little surprised to hear they are planning to use multiple pilot plant sized processors, as I thought these are only capable of producing a couple of tonnes of AAM per month?

There has been a series of small videos from Groc on YouTube lately, in one of which Stefan specifically mentions this figure -

https://m.youtube.com/shorts/gBS_n62JQ64

You'd need a couple of hundred of these to process to our expected final annual AAM output of, I seem to remember, around 15,000 tonnes.