Member Info for ocelot

From the hub:

Hello

Thanks for your question. One of the reasons for auctioning our first coins is to see what price they will fetch as they are bespoke items and nothing like this has been sold before (to our knowledge...!). We will set an estimate range for the auction and a reserve price, but we aren't able to disclose what that is right now!

Note: in this morning's update GF says that the initial auction is for just the one coin, the 2 other coins being auctioned separately, to follow.

Are you saying that now is the time to invest your £1,000?

Through $3,000 convincingly this time:

https://www.kitco.com/charts/gold

Quick off the mark:

https://jewelleryoutlook.com/mining-alba-minerals-announces-first-gold-production-at-clogau-st-davids-gold-mine-in-25-years/

The Prime Minister

“My hon. Friend is absolutely right about making Britain a clean energy superpower. We are committing £2.3 billion to support hydrogen projects, and I recognise the huge potential of South Dorset to become home to a storage hub. We are ensuring that public and private investment work together, which is exactly what the Crown Estate Act 2025 does, unlocking significant investment, boosting offshore wind and kickstarting economic growth.”

https://ukenergystorage.co.uk/

"... the work to complete the installation process is now underway. Commissioning and start-up of the new compressor is still expected to occur before the end of the first quarter 2025". (RNS of 03/02)

The solution remains the same, to bring in a joint venture partner. This would:

1/ inject cash in exchange for a stake in UKEn;

2/ boost the credibility of the project and with it UKOG's share price, thereby enabling a cash raise at a (much?) higher share price.

In this regards, the PM speaking of the huge potential of the South Dorset (hydrogen) hub will have helped, as will Quod's report of this morning.

Better trade: c31.6m at 0.1135p

Auction date confirmed:

https://albamineralresources.com/activity-updates/confirmed-first-auction-date-for-our-exclusive-1oz-welsh-gold-coins

Jaffa,

It's none too clear to me because both rely upon the analysis of the concentrates (or, in the 26/03/24 RNS, composites of the concentrates).

If we go back to the 26/03/24 RNS re the Level 4 samples, they were back-calculating gold content from the composites of the concentrates:

"Alba has taken more than 40 samples from No.4 Level at the Llechfraith Target, and all have been put through the Company's Gravity Processing Plant to produce heavy mineral concentrates. Composites of the concentrates were then sent to a third-party refining facility.

· These composites have now returned exceptional gold grades:

o From Composite 1: 3.1 grams of gold were recovered from 49.2 kg of sample (dry weight), equating to a back-calculated head grade of 89.15 g/t or 2.87 troy ounces per tonne (oz/t) ...

106.6 grams/31.1035 = 3.43 troy ounces

Note: there are 1,000 kgs in a tonne, so 11.58 grams of gold from 108.6 kgs of concentrates = 11.58 x 1,000/108.6 = 106.6 grams per tonne (unless I am mistaken).

"From the processing of 11.6 tonnes of newly blasted ore, 108.6 kg of concentrates have been sent to the Company's usual third party refiner and all these concentrates have now been refined, recovering 11.58 grams of gold". (RNS of 13/03)

For the present, this is the only gold content reading we have received for newly blasted ore.

The good news could be in the ore that has already been removed to the surface. Until it has been processed, nobody knows its gold content.

Of the 2 case studies on pp27-28 (see my post of 08:32), the first, "Maritime", is at the local level, the Southampton/Portsmouth port area.

The second, however, Sustainable Aviation Fuel (SAF), is at the national and Heathrow level.

The 2 case studies concern:

1/ page 27: "Maritime": "The South Dorset storage facility alone can store/meet this demand"

2/ page 28: "Sustainable Aviation Fuel (SAF)": "The South Dorset storage facility alone could store/meet this order of demand"

Https://www.ukogplc.com/ul/5.0%20-%20UK%20Energy%20Storage%20-%20Socio-economic%20benefits%20of%20hydrogen%20storage%20120325.pdf

About Quod:

Quod is an independent planning and economics consultancy, specialising in modelling the economic impacts of major infrastructure projects using Government guidance and appraisal techniques, including the Green Book. Recent projects include airports (Heathrow, Gatwick, Luton and City), nuclear power stations (Hinkley Point C, Sizewell C, Bradwell B and Wylfa Newydd), transport (Lower Thames Crossing, Holyhead Freeport, Crossrail 2) and mining projects (Woodsmith (potash) and Curraghinalt (gold)).