Member Info for ocelot

As at the time of writing, the stake in GROC constitutes 86.9% of Alba's market cap, ie Alba's other assets including N Wales are now valued at about £325k.

"... Our recent gold sales, which achieved 8.5x the spot price of gold, have given us great confidence as we move into the next stage of underground exploration and development" ...

Concentrates from this latest processing exercise have shown visible gold on the table, however grades and gold content are not known at this stage.

The sole purpose of the C Deferred shares is to act as a plug, enabling Alba to reduce the nominal value of its ordinary shares from 0.01p to 0.001p and, at the the same time, to maintain the same number of ordinary shares.

Olearney,

Very different situation: Rolls-Royce issued its shares in payment of a dividend, they were not effectively valueless.

The Chairman says the deferred shares "will effectively be valueless".

They aren't going to be exchanging ordinary shares for something which is effectively valueless.

"... GreenRoc has received a lot of attention here in Bruxelles and I remain optimistic on several fronts.”

C Deferred Share Rights

As is standard, it is proposed that each C Deferred Share will have very limited rights and will effectively be

valueless. CREST accounts of Shareholders will not be credited in respect of any entitlement to C Deferred

Shares and the Company will not issue any share certificates in respect of C Deferred Shares ... (from the Chairman's letter, see yesterday's post of 19:49).

Closed up at 0.0266p on a UT of 950,000 shares.

Final results and notice of AGM RNS: 02/05

The website contains the documents re the AGM: Investors/Corporate Documents/Other Corporate Documents.

They look to be acting prudently, by way of precaution, to create a larger margin between the current share price and the nominal value of the shares.

Reduction of the nominal value of the ordinary shares, from 0.01p to 0.001p (resolution 5).

Already a project under the MSP, an international collaboration which includes the EU:

"September 2024:

... Amitsoq given "Project" status by the international Mineral Security Partnership ("MSP"), a collaboration of several countries including the US, UK, South Korea and Japan, plus the European Union. GreenRoc has presented the Amitsoq project at four MSP meetings during 2024" (Final Results RNS of 24/04).

https://www.state.gov/minerals-security-partnership

We look at the CRMA's strategic projects with GROC in mind: don't forget the first list of projects for EU countries contained 47 projects in all.

Given they are seeking to "purge" the wells of liquids, wonder what condensate sales are doing.

Just googled "Strategic materials":

Greenroc Strategic Materials came up as the 4 link, excellent choice of name!

Trading in the stock on the market is suspended, any suggestion you can sell your stock should be treated with very considerable scepticism.

GreenRoc has been invited to present (on the 14th) at a closed session: 'EU Business-to-Business Event on Critical Raw Materials' with a 25min presentation followed by 20min Q&A. The session is a joint event organised by the European Commission and the Critical Raw Materials Facility which was established with the aim of bolstering Europe's supply chains, reducing dependencies and mitigating disruption risks.

To avoid any confusion, 06 May has shifted across a decimal point, should be 0.1214

The Trump Administration is stepping up efforts in its pursuit of “acquiring” Greenland. U.S. spy agencies have been instructed to gather intelligence, while the Pentagon considers moving the island into the NORTHCOM military command. Tying Greenland to the U.S. through a Compact of Free Association is also being discussed.

https://www.highnorthnews.com/en/trump-continues-push-greenland-us-gathers-intelligence-island-and-debates-offering-special-status

From 08:13.

Speaks of GROC as "another favourite of mine".

Heading for 3 1/2p, hoping for up to 4 3/4p.