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'Go get your own oil!' Trump says as he tells countries 'just take it' from Strait of Hormuz (the BBC and elsewhere)

The world has an energy and inflation problem.

From the BBC's rolling live coverage:

"Former naval commander Tom Sharpe says he doesn't think the Strait of Hormuz, one of the world's busiest oil shipping channels, can be opened with force like the US is threatening.

Unless Iran agrees to stop attacking boats who pass through, using force is "unlikely to work", Sharpe tells BBC Radio 4's Today programme.

"Iran have control of this situation, I think that much is clear, and I think they will continue to do so going forward," Sharpe says, adding it's not in their interest to change this.

He adds that it comes down to Iran and what they choose to do in the next weeks or months".

Trump and his colleagues have some thinking to do.

Maybe the debt restructuring will involve a partial debt for equity swap in which case, agreed, Trafigura will become a shareholder in Angus.

It was just a month ago (02/03/26) that Alba raised £800k at 0.02p per share.

£800k should make posters think twice before predicting a placing for a while and provide a welcome window of opportunity for investors.

For Clogau, the proceeds are destined for the following activities:

"- Complete drilling and blasting of ca. 20m bulk sampling programme at priority Llechfraith target.

- Complete processing of ca. 300 tonnes of ore from that programme.

- Upgrade process plant to handle greater production rates.

- Continue to develop and market new Welsh gold products ..."

The upgrade of the process plant shows the company's confidence in the blasting programme.

The current share price of 0.017p is largely covered by the stake in GROC and is, effectively, nothing more than option money on Clogau and Alba's other assets.

Agreed, Robbie.

The lower the share price declines, the greater the potential for a big rebound on any positive news.

Locate some gold and, in these troubled times, Alba would offer a safe haven where some of the Clogau premium could be transferred into the share price.

Agreed, Onetomany.

Things are looking up for Angus, ripley94, the time has come to follow it more closely:

Carlos Fernandes, Finance Director comments: "We are pleased to have reached agreement, in principle, on the key terms for this proposed restructuring. While further work remains to finalise the detailed documentation with the applicable parties, the progress to date reflects the constructive engagement of our key stakeholders and their continued support for the Company. We look forward to completing the documentation process in the coming weeks and continuing to focus on building long-term value for shareholders." (Update RNS of 19/03)

Think there could now be a delay on the American side:

1/ it's Palm Sunday today, the beginning of the Christian Holy Week. The optics of invading a Muslim country during Holy Week are not good;

2/ for all his boisterous language, Trump will think long and hard before putting US soldiers' lives in harm's way.

a) The Iranians will be fighting on their home ground for their home ground, it could trigger a patriotic response where the nature of the regime takes second place.

b) US soldiers will be within easy range of Iranian drones.

UKOG's projects address a crucial need of the UK's energy security, the need for long-term energy storage, a need highlighted by the government's encouragement of wind power (constraint costs forecast to attain £8bn in 2030) and brought into focus by the ongoing conflict in the Middle East.

Having recently agreed an MOU with a 2nd pipeline operator, the company is gearing up for its application in the upcoming allocation round.

What I don't understand is why the government seems to be in no hurry to define the storage revenue model, without which the private sector can't really commit significant sums (witness Centrica's £2bn for Rough which remains locked awaiting the government's decision).

It may be "a hell of a lot of shares" but it is a known quantity already reflected in the share price.

GROC seems to go from strength to strength, the potential results of the blasting programme at Clogau remain unknown for the present.

Various media reports suggesting the Pentagon is considering sending another 10,000 troops to the region.

23.8bn shares in issue per the website updated on 09/03/26, NOT 28bn.

Trump is keeping a very close eye on the price of oil - every time it threatens to break out on the up. he comes out with one mollifying statement or another.

But the Pentagon has supplied him with options by sending troops into the region.

The coming weekend could be an important one.

From the 08:09 link:

The crisis is causing concern in Europe -- the leading market for US LNG -- that it may not be able to build up gas reserves for next winter, or may have to do so at extremely high prices.

Europe has increased its dependence on US and Qatari LNG after Russia's 2022 invasion of Ukraine.

Rusty50,

I expect Antc1781 will answer in his own inimitable manner.

My own answer is that the MOU is to the benefit of both the parties. As SS notes:

"It (the MOU) also strengthens both Companies' quest for government revenue support, fulfilling the new HTSBM criteria which requires regional storage and pipeline operators to make a joint application".

CK Hutchison Holdings - Infrastructure

https://www.ckh.com.hk/en/businesses/infrastructure.php#:~:text=Other%20Infrastructure%20Businesses%20%E2%80%93%20CKI%2Dled%20Projects&text=Australian%20Gas%20Networks%20is%20one,Wales%20and%20the%20Northern%20Territory.&text=Dutch%20Enviro%20Energy%20owns%20AVR,well%20as%20four%20transfer%20stations.&text=Northumbrian%20Water%20is%20one%20of,the%20South%20East%20of%20England.&text=Park'N%20Fly%20is%20the,%2C%20Ottawa%2C%20Montreal%20and%20Halifax.&text=Wales%20&%20West%20Gas%20Networks%20is,the%20South%20West%20of%20England.

At 16:15 you wrote this, Bubblepoint:

"... what it translates to is I he doesn't want to hear REALITY, ,,,"

Are you sure you are not choosing which reality you wish to acknowledge?

Trump has all these troops arriving in the region in the next few days. Where do we go from here? the American public will not want to see significant US casualties.

Li Ka-shing is a major infrastructure investor in the UK. Have to wait and see whether long-term energy storage may appeal to him and his companies.