Member Info for ocelot

Gold supplied to the royal family sets a standard which is hard to beat.

Think it is understood that any products marketed by Alba must be of a very high standard of quality, in keeping with the cachet of Clogau.

Https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=6164518

"The Company is pleased to announce that it has reached agreement on the key terms to restructure its debt obligations with its three principal creditor groups, namely Trafigura, the Overriding Royalty Interest ("ORRI") holders, and Forum Energy Services Ltd ("Forum"). This comprehensive restructuring, when completed, will represent a major milestone for the business, demonstrating strong stakeholder support and providing a clear, sustainable financial platform for the Company's next phase of development".

The most positive RNS in the 10 months to the day since the suspension of the shares: well done all involved!

They speak of "the coming weeks" for the finalisation of the legal documentation so it doesn't sound as if this will be done in time for the annual report.

So it is, noelpbz!

I think they mean the announcement of the AGM because one of the purposes of the AGM is to adopt the annual accounts, which can only be done once the accounts have been made available to shareholders and shareholders given a reasonable time to read them..

Noelpbz,

Sorry, misread your post.

Yes, AGMs are often announced on the same day as the annual report is published.

Noelpbz,

An AGM requires, from memory, at least 3 weeks' notice. They won't be giving notice of an AGM before the annual report is published.

PS: the annual results are due to be released on 31/03.

"... whether interest payments are being paid is unknown, ..."

Don't agree with you on that one, Sageman - if they weren't paying interest, they would have informed the market in an RNS.

Cheeky, Bubblepoint! You're the one who's swerved the question with your response.

"whereas the SINKHOLE that needs filling is still EXPANDING and without resolution yet...."

Bubblepoint,

The debt isn't reducing in accordance with the original terms, but in what way is it expanding?

The share placing 2 weeks ago was at 0.02p - time the share price acknowledged a successful raise and begins to move upwards.

"... ride the advantage borne to them from global unrest in the hope it will wash over their underlying situation, ..."

Isn't that what they have done in securing higher prices with their hedges?

All in line with the planned timetable, good!

No need to read green boxes when one already knows what they will say.

Mullins,

One does what one can TO support green boxes.

Mullins,

One does what one can support green boxes.

So let us see what the continuing positive discussions re debt restructuring produce.

Will they involve a partial debt for equity transaction in which the company's principal lender also becomes a shareholder?

As of now, we simply don't know.

The shareholders.

"... lol, it’s a sinkhole debt default, no lies, no false info, just FACT"

False and misleading information, Bubblepoint.

How can it possibly be a default when the lender is participating in discussions to restructure the debt?

Nobody is claiming a near 10-month suspension constitutes a roaring success for an AIM-listed stock.

But production is up and prices are up so less us see what shape they are in after the debt restructuring.