Member Info for ocelot

from the interim results rns of 14/08/24

thule black sands ilmenite project

test work to determine the ilmenite content of the co****r grain fraction within drill core samples from thule black sands ("tbs"), greenroc's ilmenite mineral sands project in north greenland, is near completion and is expected to be reported this autumn.

Posted this on 24/01 following the Business Model upgrade of 23/01:

"Processing currently limited to 'a few tonnes a day'. But even at that rate, after, say, 10 days/ a fortnight they will have made tangible inroads into the extracted ore".

The comment is more valid still after nearly a month.

Very close now to the end of the 1st 12 months of the debt facility, drawn down on 22/02/24.

Now available as an update on their hub

UKEn: Our underground salt caverns in South Dorset can store imported Middle East green hydrogen via Portland Port, then onwards to wider UK via H2 Connect pipeline. Game changer for Company

UKEn: Immingham green hydrogen could be stored in our East Yorkshire project which lies short distance north and would be connected via the first stage of Project Union hydrogen pipeline

UK ENERGY STORAGE: New import terminal to deliver green hydrogen production given Govt approval on Humberside … similar plans for green hydrogen import directly into our Dorset storage via Portland Port

UKEn: Immingham green hydrogen could be stored in our East Yorkshire project which lies short distance north and would be connected via the first stage of Project Union hydrogen pipeline

UKEn: Our underground salt caverns in South Dorset can store imported Middle East green hydrogen via Portland Port, then onwards to wider UK via H2 Connect pipeline. Game changer for Company

UK ENERGY STORAGE: New import terminal to deliver green hydrogen production given Govt approval on Humberside … similar plans for green hydrogen import directly into our Dorset storage via Portland Port

File:///C:/Users/User/Downloads/The_Solent_Cluster_LIDP_Roadmap_Brochure_UPDATED_ONLINE.pdf

UK ENERGY STORAGE: Delighted to see prominence given to our Dorset hydrogen storage project at launch of Solent Cluster Local Industrial Development Plan (LIDP).

Link to a potential decarbonized Solent region within surrounding infrastructure

Https://www.thetimes.com/business-money/companies/article/mr-hydrogen-britain-can-lead-the-world-in-the-energy-transition-sdpk8qf0c

UKEn: Positive meeting with Portland Port re joint project to import Middle East green hydrogen via port into our South Dorset storage caverns, then onwards to wider UK via H2 Connect pipeline. Could be a game changer

Hopefully, we will be able to look back at this prediction as one he got right.

Zak Mir had a target of 0.66p a while back.

The share options have an exercise price of 0.67 pence per share (being a premium of 36% to the closing price on 18 January 2024) (the "Exercise Price") and vest as to 100 per cent., upon the closing mid-market price of the Ordinary Shares being 0.67 pence per share or above (being 36 per cent. above the Exercise Price). The options have a 10 year term from the date of issue.

Smittty12,

This government's net zero ambitions and reliance upon wind-generated power mean that they need long-term energy storage solutions which, by comparison to present and forecast constraint costs (EPP has spoken of an annual cost of £10bn in a few years' time) appear to be justified on financial grounds, too.

UKOG/UKEn were quick to spot the opportunity.

The quicker the government takes decisions concerning the storage model, the sooner industry and financial players will invest in long-term storage solutions for the future.

£20m debt facility drawn down on 22/02/24 so, after the one-year grace period, the first quarterly payment of £1.25m will soon be paid (on 21/02/24).

Debt down, market cap up, the weight of the market cap within enterprise value is improving and helping to build a solid base for future growth.

Why does one calculate the day's trading volume in relation to the float?

Because the float measures the number of shares available for trading.

Thank you for your posts, FollowTheVein.

42.1% of the capital is held by significant shareholders so the float is 57.9% of 4,422m shares = 2,560m shares.

Current volume of 50.3m = very nearly 2% of the float.

Divermike,

The interview with Mark Austin seems to date from yesterday, 13/02.

Using artificial intelligence (AI) to produce discrete exploration targets, Mineral minimises the area and time needed for exploration, reducing environmental impact and capital risk. Increasing the efficiency and success odds of exploration projects ensures sustainable and environmentally friendly mining practices. (from google)

Mark Austin's outlook for the next 6-12 months:

1/ transit from exploration to commercial production

3/ upgrading of processing plant.

1/ and 3/ are linked.

2/ understanding the ore body.

This is the new and potentially very exciting element. If they can better understand the ore body, then they will be able to focus their efforts with greater precision.