Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bridgedogg who was that aimed at?
I would be up for this acquisition if they had used some of the cash just raised. Saying that Europa / Union Jack wanted our shares is total BS they could have had the cash then just bought existing shares helping float the share price and stopping this additional bit of dilution. While I admit 35,683,391 new ordinary shares in UKOG is now a drop in the Ocean its the message that is sent to existing and prospective shareholders that is the problem, "Don't worry there are always more shares to place we can buy what we want when we want".
Come on I know you remain stoutly positive about this share but even you must admit this stings given how close to the £3.5m placing this has hit (without them even saying what that is now being used for).
I think home grown production is a great thing and do think in the long run UKOG will do OK (I wouldn't have £20k invested otherwise!) but each time a placing happens it makes the pay back period longer and the reward potentially lower. All I want is an actual businessman to make the financial decisions slow and steady expansion will work more than going hell for leather.
Agree he may well be a good geologist but hes a bad CEO. At this point I think hes like wiley coyote from looney tunes, hes running along with these massive bulging Dollar signs for eyes and hasn't yet realized he has run straight off the edge of the cliff whilst holding our share price.
How do we force change though? EGM, great but how do we make them call one?
Some big buys this morning and some big sells but it looks like the buys are winning.
09:24 - 12/04 Buy 3500000 1.15p £40,250.00
09:14 - 12/04 Sell 3100000 1.13p £35,061.00
09:24 - 12/04 Buy 3000000 1.15p £34,500.00
09:14 - 12/04 Sell 3000000 1.12p £33,660.00
09:29 - 12/04 Buy 2000000 1.17p £23,300.00
09:19 - 12/04 n/a 1777867 1.13p £20,001.00
09:24 - 12/04 Buy 1738004 1.15p £19,987.05
08:41 - 12/04 Buy 1735824 1.15p £19,988.01
09:53 - 12/04 Buy 1274426 1.18p £14,999.99
09:12 - 12/04 Buy 1033449 1.16p £11,988.01
08:59 - 12/04 Sell 1000000 1.15p £11,450.00
You can forget a pipeline being a shared project between Gatwick and UKOG.
Large projects like that get real commercial with entrenched thinking on the part of the stakeholder and a lack of willingness to change. You then have an enhanced risk profile with assurance being held at the door of the main party, plus the wayleave / consents for Gatwick's pipe would need to be revised to include the UKOG pipe.
I am talking from experience here as someone working on £200m+ projects for the last 10 years (currently on a rail project that shall remain nameless).
Seadoc you can't just scale up like that as most of the cost is in the labor and planning / consents. It would be a very similar number between a 4" and 12" pipe. That said I agree the refinery would need to move. Anyone know if UKOG have looked into rail freight?
Your missing my point (intentionally?) Hydrogen is a storage tech that doesn't use heavy metals which are harmful for the environment and poison watercourses it also can be refilled in about a minute much like using LPG. If you want batteries great find one that doesn't use heavy metals or alkaline metals like lithium and charges in a minute. I'm all for green and renewable but it needs to work in the way we need it and use materials that aren't just as harmful as the ones we are trying to replace
Good to see this is still going.
Solar will not charge your cars guys but is a small part of the puzzle for future energy production.
Solar radiation (light both visible and non-visible) is 1000w per square meter. Current solar panels are 16-20% efficient with tests in the lab using crystalline silicone and doped p-n junctions using boron and gallium have achieved up to 25% efficiency. You need a massive roof to charge a 300kW battery.
As for the swampy purposely mis-understanding the posts "banging on about a traditional grid and old thinking" the point that needs to be understood is that the future is indeed localised generation and large scale battery storage but we dont have the technology (though it is being developed and I'm the one that originally mentioned musk's house battery) and if we did it's a 50 plus year installation contract costing trillions of pounds. Does this mean I dont want it done? No it's the only realistic future given the way we consume electricity.
All the above technology still relies heavily on oil so the UKOG stock is still needed (thank God as I have 1.5m shares) and talk of EVs solar etc is linked to all oil companies just have a look at the money BP and Shell are spending on alternative energy production to secure their long term future.
One last thing as i said before battery cars wont cut it long term due to charge time, heavy metals used etc so have a look at hydrogen fuel cells which both Honda and Toyota trialed in the USA. Only byproduct is water
You get that the future of how we produce, distribute and use electricity will have the most fundamental impact on how much oil is worth and how it gets refined used right?
In other news looks like my prediction of 150m+ shares today was well wrong, thought the new ISA allowance would have a bigger impact than that.
You obviously don't understand how the grid works. Those plants have a HV connection at a minimum of 33kV and there are not loads of them.
Its the 11kV network stepping down to 400V that will take the hit for lots of EV charging. A Tesla home charging station has a 22kW connection start multiplying that by millions and an already overloaded LV network goes pop.
Newboy you need to have a better look at our grid infrastructure vs. the charging demand of that many EVs. We will all end up using alternate vehicles (and I say that because I don't think the traditional battery vehicle will cut the mustard long term) but it is a long way off and will require decades of infrastructure works to accommodate it.
Have a read of Elon Musks articles on the house battery and future of a nationalized grid network.
Rosewall couldn't agree more. I'm an electrical engineer and can say without a shadow of a doubt that the UK grid infrastructure will not cope with a large influx of electric vehicles. A great proportion of our infrastructure is some 50 years old and running on borrowed time as it is. For us all to drive electric we would need to totally change the way we produce and distribute electricity in the UK and move towards lots of local generation (like solar on our roofs but something that also works in the dark) and localized battery storage.
The only problem with this is;
1. Cable uses oil products in its manufacturing and insulation.
2. We don't have the battery tech for this kind of storage.
3. Our existing battery tech relies heavily on heavy metals which are massively harmful to the environment in their mining and have nasty waste products.
4. Anyone who thinks electric cars don't use oil is a fool. Where do they think all that plastic, lubricant and low friction materials comes from? Not to mention all the oil used in making the components to start with.
5. Even with the tech to transform our grid it would take 50 years and trillions of pounds.
Elon Musk has done some interesting articles on the changes needed to the electricity grid to make EV work.
Hydrogen fuel cells would be a short term fix while the grid / tech is developed.
It will come but not in my lifetime and I'm in my 30s.
If they fully develop Arreton I think they will have massive storage tanks onshore then do 1 (or 2) shipment a week. Don't think it would be too bad price wise as tankers will be going past anyway to get in and out of Hamble and Southampton and its what a 30 minute run even for a slow tanker. UKOG would need to build their own pier though
Even a small tanker holds a couple of thousand tonnes of oil or about 15,000 barrels