Member Info for ocelot

"the Company continues in advanced discussions with an energy infrastructure investor"

That sounds like a City player, doesn't it?

On the GROC board, there is a tweet sent from Detroit at the beginning of the UK trade mission to General Motors.

It looks as if a number of elements could fall into place between now and the end of Q1 in 2025 including:

the exploitation licence, which will further reinforce the credibility of Amitsoq in the eyes of potential off-takers and OEMs;

the announcement of the first round of strategic projects under the EU's CRM Act.

Note that the meeting with General Motors is taking place now, 18-20 November.

They have just raised funds to upgrade their processing plant at Clogau.

We assume they are processing the 25 tonnes from Level 4.5 which will then be assayed and we know they have resumed blasting at Level 5 (eventual expectation of about 300 tonnes).

Any and all of this could lead to updates of their progress.

"1/5th of a penny???

Wow amazing"

Is that your price target?

That is quite a number of interviews SB has given recently, he clearly believes GROC has a convincing story to tell and is under-appreciated by the market.

Those of us following the stock for any length of time know how very quickly it can rebound on positive news, one simply has to look back to Shore Capital's TR-1 of 22/07: the stock rose from about 0.015p to over 0.12p (ie it multiplied by a factor of more than 8x) in a matter of days.

"... the Company continues in ADVANCED (my capitals) 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".

And we look forward to receiving them.

And subscribe to some stock in the retail offer.

It certainly doesn't sound like an industry player, that is for sure.

As Ben Clube at EPP has indicated, there is green money out there hunting for appropriate investments.

"... continues in advanced discussions with an energy infrastructure investor regarding participation in UKEn's current Dorset and new Yorkshire projects".

Think this is the first time UKOG have spoken of discussions with an "energy infrastructure investor". This sounds like a bank or a green energy investment company.

The proceeds will also permit the Company to acquire all or some of the relevant Intellectual Property relating to prior consented infrastructure developments in the area, as well as helping materially advance the Company's overall hydrogen storage portfolio towards applications for DCO and Government Revenue Support in the First Hydrogen Storage Allocation Round, now expected to launch in Q1 2025.

As I think we had all understood, the change of government has pushed back the original timetable of the First Hydrogen Storage Allocation Round.

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.

UK natural gas futures are near a one-year high of 116 pence per therm, driven by a spike in demand due to colder weather. The UK is facing unusually low temperatures, with weather forecasters predicting disruptive snow and icy conditions, including up to 20cm of snow in some areas. This cold snap is the first major winter weather event of the season, pushing up energy demand. The UK’s limited gas storage capacity and reliance on European gas supplies add to concerns about potential supply shortages, especially as European reserves are already less than 91% full. With colder weather expected to continue into December, gas demand is likely to increase, putting further pressure on supplies.

https://tradingeconomics.com/commodity/uk-natural-gas

His previous forecast was 0.45p, we have moved up towards it.

Let's hope we now move up towards 0.66p.

Believe that's the aim, Mullins, but they've got quite a lot going on at the same time at present.

Target of $3,000 by the end of 2025@

https://finance.yahoo.com/news/goldman-says-gold-central-banks-023249823.html

From 04:47:

"possible turnaround there at Angus".

"Best case scenario of 0.66p maybe by the end of the year, while we remain above the 200-day line at 0.32/0.33p".

MOSCOW, Nov 16 (Reuters) - Russia halted gas supplies to Austria on Saturday in a dispute over payments but was still pumping steady volumes to Europe via Ukraine after remaining buyers asked for more gas ...

https://www.reuters.com/business/energy/russian-gas-exports-via-ukraine-europe-stable-despite-austria-cuts-2024-11-16/

SB's comments about political interest are from 05:20, in response to an observation of ZM's.

He expands his comments to mention access to capital and the fact that the authorities "realise there has to be some kind of public support (ie financial) to get them (projects in the critical materials space) going".

This is Zak Mir's interview with SB of 11/11, this last Monday so before yesterday's RNS. It doesn't seem to have been posted on this board.

In it SB speaks of seeing increased political interest in GROC's projects in the last few months. Indeed, he speaks of particular interest being shown in GROC's projects.

https://zakstraderscafe.com/interview-stefan-bernstein-ceo-greenroc-mining/10265/