Member Info for Jeremiah99

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.

Any snippets of news you can pass on to us, elir71? The steadily drifting s/p doesn't suggest there is anything positive going on in the background. It's probably my fault though as I recommend this share to my friend and he bought in last month {:/}

From the recent RNS - "I hope that we will see many of our shareholders, stakeholders and anyone with an interest in European strategic raw materials and Greenland to join us in this formal opening of what we believe to be Europe's first natural flake graphite anode pilot processing plant"

I wonder who will turn up? An old friend of mine went to the recent AGM in London, he said he was the only private investor there. I guess it's more important that those involved in progressing the EU EV battery supply chain, including interested end users, are in attendance.

"Arc Minerals resolved its legal cases in Zambia as expected (taking much longer than should be the case but with the legal system getting it right in the end).

Not before some damage was done - more dilution at lows, and Anglo walking away. But this settlement is comprehensive. And new majors (many of whom already conducted DD in the data room years ago) will already be circling.

Pick one already operating in country this time please.

While Botswana is a company maker in its own right, the Zambia licences remain, in my view, some of the most exciting copper exploration licences in the world.

Consider what happened to other small caps in the region who lost their first major JV partner. This will re-rate, I have not lost faith, and the stock should rise closer to 1p in the very near future purely on technicals and improved sentiment.

And then higher.

The copper is still there.

And it hasn’t gone anywhere"

I guess I just don't know how to pick 'em. Oh to be in a ten bagger just once in my investment journey. :-)

I've never known any of my shares to hit an analyst's price target over the last 15 years...

Variables to factor in are that we now have twice the number of shares as we did back then, but the copper price is almost double what it was.

To you "Every silver lining has a cloud" doesn't it, Peggy?