Member Info for ocelot

According to Bloomberg, internal UK government forecasts now suggest Brent could remain around the $100 level until 2028 even with a US-Iran agreement, because of the damage done to infrastructure by the war.

Investing.com -- The European Union is moving forward with a proposal that would require companies to reduce excessive dependencies in their supply chains as the bloc seeks to reshape its trade relationship with China.

"Diversification now requires a dedicated instrument," EU chief trade negotiator Maros Sefcovic said at a European Policy Centre forum in Brussels on Friday. He said one proposal would require companies to shift supply chains if they source more than 40% of stocks from a single supplier ...

https://finance.yahoo.com/economy/policy/articles/eu-proposes-supply-chain-limit-145406550.html?guccounter=1

A European first. It certainly is a big achievement for the company.

Congratulations to SB, GF, management and all involved.

And their net present valuations of 23/24 (the most recent RNS being that of 07/05/24) were based upon 22 years of operations.

Fail to see how the US and Iran can come to an agreement while Israel continues its advance into the Lebanon.

Are we heading for a disconnect between the price of oil and that of gas?

With all the talk of a 60-day holding agreement between the US and Iran be concluded in the very near future, the price of oil seems to be responding to the news more than that of gas.

"What these visits demonstrated is that sustainable mining is not just an ambition—it is something that is already being delivered in Greenland through high environmental, social and governance standards, long-term planning and strong local engagement.

As the EU and Greenland deepen their cooperation on raw materials, turning shared ambitions into concrete projects and investments will be key to creating lasting benefits on both sides".

Antc1781 states that he was too smart to become financially involved in UKOG.

So he decided to invest his time in it instead.

On many occasions, Bubblepoint has lauded his ability to read "between the lines".

That raises the question: does he read the lines themselves?

PS: the figures in the accounts should be read in conjunction with the notes to the accounts.

In the case of outstanding loans, their nature is explained in the notes. Having been placed in possession of the necessary information, it is then for the reader to form his/her own judgement.

"Dual Exposure: By keeping Motzfeldt inside the main company, shareholders retain 100% of the upside of the 0.73% Niobium at the Merino target alongside direct exposure to Clogau's gold production"

GF appears to be acting on the experience learned from GROC:

1/ public funding may be available;

2/ because of 2/, it may no longer be necessary to dilute the stake in Motzfeldt to the same extent as that in GROC (now 24%).

Https://ukcriticalminerals.co.uk/

Mimbrit,

“outstanding loans only become payable when UKOG determines they are payable” - How else do you consider they should be accounted for?

My comment is not a comment on the way they are accounted for. Nevertheless, for the reason I gave, they are, in reality, a form of quasi-equity.

“the HH assets may have been over-impaired” - how would you value them given planning approval is probably years away, and with their previous financial performance?

Again, my comment is not a comment on the way they have been treated in the accounts but simply suggests there may be potential for a write-back of an over-impairment.

Industry and Government Gather for UK Critical Minerals Website Showcase

London, United Kingdom | 18 May 2026

https://www.criticalmineral.org/post/industry-and-government-gather-for-uk-critical-minerals-website-showcase

Yes, agree that the change of name may well reflect feedback from the company's efforts to sound out potential public sources of funding and be designed to facilitate such funding.

Took place on 20/05/26, just 6 days after the completion of its acquisition of a 51% stake in Motzfeldt.

"There are signs, though, that investors are thinking about what would happen if there was no deal. An indefinite shutdown of the vital sea route for oil and gas would mean much higher fossil fuel prices, and much higher inflation. As I wrote last week, that inflation fear is the big reason the gilts market has taken such a hammering in the past month ..." (Dominic O'Connell in the Times Business section, p51)

The London Stock Exchange has the 52-week range as 0.20/0.25p on a stock that closed at 0.24p on 19/05/25 (they only show share prices to 2 decimal points).

Where does the range come from?

Those figures translate into a very healthy positive monthly balance of £1.0-£1.3m.

Don'r forget that the quarterly repayment under the original agreement is £1.25m.

Away from the stock market spotlight, are Angus's prospects undergoing a major turn for the better?

The negative assets are a bit of a sleight of the hand: outstanding loans only become payable when UKOG determines they are payable, the HH assets may have been over-impaired.