Member Info for ocelot

Very nearly £1m on GROC's market cap this session, 34.34% of which relates to Alba's stake.

... Already, some commodities markets are getting jumpy. European natural gas has soared as chilly conditions lift heating demand, while an escalation in the Ukraine war amplified concern about Russian supply disruptions. Goldman Sachs Group Inc. sees the potential for prices to climb more than 50% from current levels if intense cold emerges ...

https://financialpost.com/pmn/business-pmn/a-winter-weather-puzzle-is-raising-the-risk-of-meteoric-energy-inflation

There are 192,727,926 ordinary shares in issue. There are no shares held in treasury.

Significant Shareholdings

The Company is aware of the following persons with voting rights representing 3% or more of the issued share capital of the Company:

Alba Mineral Resources plc – 34.72%

Kadupul Limited – 10.90%

The percentage of securities not in public hands is 47.92%.

Note: it's not just that there are only 192.7m shares in issue, it's also that the float is only 52.08% of that, ie 100.4m shares.

Alba's stake in GROC is now valued at about £1.1m so North Wales is valued at about £2m in Alba's current market cap, despite the encouraging economics for Clogau of which GF has recently spoken.

+ 20.7% at 1.75p in better volume of nearly 3m shares.

I'll re-phrase that:

Isn't the clear implication that today's economics mean the re-start of production at Clogau can be envisaged?

"So what is economic today is very different to what was economic in 1998 when it was last in production". (From 01:52 of the video).

Isn't the clear implication that today's economics mean production can re-start at Clogau?

Asllankukeli,

There is nothing disappointing about being informed of the following:

"Higher gold prices make exploration viable without relying solely on grade" (text on the screen of the video at 01:55)

"We think also that obviously at today's prices, we don't need to find the same grade as you would have had to do when the gold price was $300 an ounce. Now I'm still thinking we're going to find good grade but it doesn't obviously become as critical. So what is economic today is very different to what was economic in 1998 when it was last in production". (From 01:52 of the video).

On the contrary, this is all very positive.

Omar Ahmad's buy of 100m of yesterday is now showing as a late-report (click on "UKOG Share Price" in the top left-hand corner above and scroll down to "Recent Share Trades").

SP Angel's conclusion (my capitals):

"Conclusion: GreenRoc’s MoU with Morrow Batteries and its move to process AMM material in Norway, close to its mine in Greenland and next to the Morrow Gigafactory should reduce transport times, CO2 and improve R&D collaboration. While the MoU is non-binding WE SEE THE DEAL AS TRANSFORMATIONAL FOR GREENROC WHICH LOOKS SET TO BECOME A SIGNIFICANT GRAPHITE PRODUCER FOR EUROPE".

Scroll down to company news:

https://www.share-talk.com/sp-angel-morning-view-todays-market-view-wednesday-4th-december-2024/

"Conclusion: GreenRoc’s MoU with Morrow Batteries and its move to process AMM material in Norway, close to its mine in Greenland and next to the Morrow Gigafactory should reduce transport times, CO2 and improve R&D collaboration. While the MoU is non-binding WE SEE THE DEAL AS TRANSFORMATIONAL FOR GREENROC WHICH LOOKS SET TO BECOME A SIGNIFICANT GRAPHITE PRODUCER FOR EUROPE".

Scroll down to company news:

https://www.share-talk.com/sp-angel-morning-view-todays-market-view-wednesday-4th-december-2024/

UK ENERGY STORAGE LTD: Important news from SGN, the H2 Connect hydrogen pipeline provider that will connect our Dorset project to the south and wider UK.

https://fuelcellsworks.com/2024/12/02/energy-efficiency/sgn-completes-world-s-first-8-4km-green-hydrogen-network-in-scotland-for-heating-trial

Does UKOG's commitment to "transitioning out of its oil and gas portfolio in a timely and orderly manner" facilitate the arrival of an energy infrastructure investor as a venture partner?

"Additionally, the Company continues in advanced discussions with an energy infrastructure investor regarding participation in UKEn's current Dorset and new Yorkshire projects. We look forward to providing further updates in due course". (placing RNS of 19/11)

Mannnan,

Think East Yorkshire is currently ahead of Dorset for hydrogen supply (I assume that is what you mean by "products").

On its home page, UKOG declares it "is committed to transitioning out of its oil and gas portfolio in a timely and orderly manner".

Loxley's exploration well is fully permitted but, in the event of success, there would then be the problem of obtaining the exploitation permit.

It is clear: UKOG seeks to become an exclusively clean power energy company.

Our Mission: Deliver our first UK hydrogen storage site by 2030, supporting the transition to net zero by 2050. Our 100% owned subsidiary, UK Energy Storage (UKEn), has been diligently working on a £1 billion underground hydrogen storage project in South Dorset for the past four years. This will be the UK’s largest, with an envisioned maximum annual capacity of 10 TWh, meeting up to 17% of the UK’s forecast hydrogen storage needs by 2050. A second major site in East Yorkshire aims for an initial 7 TWh annual capacity, with potential expansion to match Dorset’s capacity.

Also from "Welcome to UKOG" on the home page:

Commitment: To focus 100% on UK Energy Storage and our hydrogen storage business, UKOG is committed to transitioning out of its oil and gas portfolio in a timely and orderly manner.

Since I last looked, "Welcome to UKOG" on UKOG's home page has been updated and no longer mentions the Weald or Turkey.

... Strategic Locations: Our sites are strategically placed within the UK’s two largest forecast hydrogen demand clusters: the South (including South Wales) and the East Coast/Teesside, which together account for 70% of National Grid’s projected 2040 hydrogen demand. Our Yorkshire site will also help decarbonize the East Coast Cluster, the UK’s largest CO2 emitting region, by enabling the adoption and optimisation of reliable renewable and hydrogen power.

Benefits: Our hydrogen storage will provide resilience, flexibility, and security of supply to primary hydrogen clusters, buffering demand spikes and ensuring pipeline stability. This will keep the lights on and support the decarbonisation of the South and East Coast’s gas-to-power plants, Drax Power (the UK’s and North’s largest CO2 emitter) and Fawley Refinery, the South’s largest CO2 emitter.

We’re also exploring green hydrogen generation add-ons to our storage projects, leveraging coastal locations for electrolysis and proximity to new windfarm power landfalls ...

https://www.ukogplc.com/

The RNS reads like a meeting of minds.

Note: "... Being registered in Norway, NorGraph AS will be eligible for funding under EU funding schemes, such as the European Innovation Council".

It means a first MOU has been signed with a potential off-taker.

Congratulations to SB and GROC!