Member Info for Mkx007

So that's at least a million in free capital if the Alba shares have indeed been sold.

From the June update the rest of the assets total. 1.6m. So unless something has gone belly up on a massive scale. We are talking engage going bust and Prim losing 875k as well another asset doing the same...I don't think that is the case here.

I believe free cash is just over half a million. With HH shares at 1mil. Engage at last value of 1.3m at the last £22 share price. So that's 2.8m from just UKOG + Engage + cash. Surely the rest of the assets don't total 1m alone.

At this rate when engage rumour of valuation will triple the share price!!

I don't see anything wrong with this. The timeline we had was September for return. We thought the live update so going to be late but were not informed that as it was still within the time frame. I'm glad to see the board updating us as they are not going to relist within the announced timeline. But what's another couple of weeks. I was honestly expecting a return late September anyway. Looks like we are in for an early Christmas present!!

No movement so far. Has anyone heard anything about the Alba shares from the board? I emailed them yesterday.

Have a little patience all. That's for you fisheds ;-)

The conditions precedent to the Sale and Purchase Agreement ("SPA") have now been fulfilled and the Company will now receive £650,000 in cash and 9,973,011 ordinary Solo shares of 0.2p in fulfilment of the share consideration based on the 10-day Solo volume weighted average price as provided for in the SPA. It is expected that the Solo shares will be admitted to trading on or around the 15 March and under the terms of the SPA, Primorus will not trade in Solo shares for a period of at least 45 days from completion

I've just read back across a couple of RNS and the cash value of the SOLO deal was £650k and the UKOG deal is £375k both including shares. Which is £425k profit plus the share value which is currently 1.3m (1.1m from ukog and 0.2m from solo). This value is at current level with a rise on additional Portland/Kimmridge data.

Need to add more at 0.14 if they are going!!

I apparently read that right the first time...this thread needs deleting.

It is 4 systems totalling 300kWh

Yeah, the investments should have paid for themselves via the cash return and anything on top is a bonus. So minimum value has got to be higher. Unless the MM's are reading these comments and doing the opposite.

1.2 MWh system.Point still valid as the first phase of the previous order was 80MWh

A 20% rise on a 700MWh announcement then almost 13% rise on a 300kWh announcement. Note the unit difference there.

This looks over bought, I'm a big fan of flow batteries and their prospects but a 13% is definitely excessive considering the size of the system.

MM's are really trying to force shareholders to sell. Buy price (0.14) still hasn't move and the UKOG shares are worth more now as well. Unless the market had priced into some crazy value for 5% HHDL but not attributed that to UKOG's 65%.

Bizarre

Shifted some of my UKOG exposure into here. 750k trade is mine.

It's not the golden egg if you have to keep injecting money. This was we have exposure but no downside. They were always going to sell it and will have got a good deal. UKOG would have bottomed out at this level too. So either or as options.

It shouldn't be too difficult with the current asset sale accounting for 1.375m. Any rise on the 57m shares bought at 1.75p is positive for us. I'm in UKOG as well and we should have profit realised here in the next couple of months following the EWT competition. I expect top slicing at 6p or 7p for a ~3m is the way I would be trading it. Free ride on UKOG. With an update on Engage and Alba still required the value is clearly double. Just assuming no growth in the rest of the IPO portfolio.

I noticed that. Might be worth someone calling AC just to check as there was around 83m shares in ALBA.

Nice and subtle there haha. So annoying I've got to waiting for another month before my LISA bonus comes through and also Lionsgold comes back. Though it's probably for the best. I recall some saying about eggs in a basket.

You've not missed FK, just the usual moaning!!