Member Info for ocelot

Clogau is in the books at £1,134,432 - there is definitely room for this to increase!

As a matter of interest, at 30/11/18, net assets were £10.1m, so a market cap of £6.2m offers a 39% discount to this figure.

There are 3,526,601,946 shares in issue, so an additional 15m is marginal.

Personally, I certainly hope the share price at the time means the warrants are exercised!

Agreed.

No, it expires.

I don't think there can be any doubt that Alba's share price has been treated more harshly by the market than management anticipated: the placings subscribed by the directors earlier this year were effected at 0.30p.

ie, the exercise prices have been set on the assumption that the market price of Alba will comfortably exceed those prices by the final exercise date.

In those circumstances, it means the warrant won't be exercised, because, yes, the warrant holder would be paying over the market price.

Posted again, after cleaning up the numbers of warrants/options for the numbered references to footnotes at their end:

As a matter of interest, the exercise price and final exercise date of outstanding warrants and options as at 30/11/18 (note 16 to the last annual report):
No. of warrants Exercise price (pence) Final exercise date
15,000,000 0.3 pence 18 September 2020
20,000,000 0.3 pence 27 March 2021
2,000,000 0.3 pence 28 May 2021
51,000,000 0.3 pence 27 March 2021
15,000,000 0.4 pence 27 March 2021
60,000,000 0.4 pence 13 January 2027
5,000,000 0.7 pence 1 Nov 2019
113,904,761 0.42 pence 27 March 2021
60,000,000 0.42 pence 2 May 2028
341,904,761

As a matter of interest, the exercise price and final exercise date of outstanding warrants and options as at 30/11/18 (note 16 to the last annual report):
No. of warrants Exercise price (pence) Final exercise date
15,000,0001 0.3 pence 18 September 2020
20,000,0001 0.3 pence 27 March 2021
2,000,000 0.3 pence 28 May 2021
51,000,0002 0.3 pence 27 March 2021
15,000,0003 0.4 pence 27 March 2021
60,000,0003 0.4 pence 13 January 2027
5,000,0003 0.7 pence 1 Nov 2019
113,904,7614 0.42 pence 27 March 2021
60,000,0004 0.42 pence 2 May 2028
341,904,761

Just seen H's forecast.

Is that right?

No default in it, withoutt, you were the clear winner, bunks's forecast was for 183p.

Would also have preferred you to be the winner with a forecast of 250p, but what can one say? that's the market!

"This transformational acquisition, the largest in UKOG's 6 year history as an oil and gas company, boosts UKOG's net share of its flagship Horse Hill asset by a significant 69% from a 50.635% to an 85.635% net interest, providing the Company with ... absolute control over the field's future development and progress. (RNS of 07/08)

Others have suggested this, but what nobody knows for sure is whether the delays (at least, in part) can be attributed to the lack of "absolute control" over the field until now.

Reckon lse are aware of the Friday Club and played a trick on us.

That should have read - I'm afraid Mayor Bunks is not the winner.

Withoutt won with his 180p forecast.

Congratulations, Sir!

The closing price above is wrong. It should be 181.20p.

I'm afraid Mayor Bunks is the the winner.

It's tested the patience of a lot of us, but the waiting is almost over now.

Have a good, long weekend one and all.

Trump to respond to China's tariffs today.

Good to see the world's economy is in capable hands (not serious!).

Just seen the Test score: ouch!

BoJo is simply the latest in a line of chancers:

David Cameron called the referendum and assumed the result he expected was in the bag:

BoJo decided, after much hesitation, to plump for leave, on the same assumption as Cameron's, that the UK would choose to stay;

Mrs May, a very different kind of personality, decided to call an election.

And here we are.

If he's not more careful, it's his own re-election chances DT will mess up!