Member Info for ocelot

700%+ gain at the high in less than a week after Wednesday, 24/07: that's the kind of dog we can all appreciate (except for those caught on the wrong side of a short, of course).

1/ arrival on site of the mining contractor;

2/ further clarification re |West Andover lithium prospect:

... the Company remains in discussion with the vendors of the project in respect of a possible transaction in relation to Andover West (RNS of 28/06);

3/ the field exploration programme concerning the Dolgellau gold field:

... The contents of the report (prepared by the specialist geophysicist) are under review by the Alba technical team. A field exploration programme, building on the new and/or refined targets identified by this airborne programme, is being developed and will be announced in due course (RNS of 28/06).

Ask your broker if they are participating in the retail offer. If they are, then give them your order to subscribe to x number of shares.

Big or small, aren't all actors in the hydrogen space looking for confirmatory signals from the government at the present time?

Winter 24: 103.5p

Summer 25: 97.9p

Winter 25: 104.6p

https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600729

AimDogs,

Have you seen anybody post a message entitled "Still a good long"?

It was an atrociously bad short at 0.0135p. What I believe you meant to say is that, at current levels, you believe it has become a short.

Deltavegatheta,

The link you have provided is dated 07/04/24.

There was a general election on 04/07/24, the government changed and Labour's environmental priorities differ from those of Rishi Sunak's government.

AimDogs,

It was an atrocious short at 0.0135p, wasn't it?

Attended a meeting at DESNZ on the 15th.

They are "looking to try and accelerate projects that help their 2030 decarbonisation of the electricity system".

"In advanced conversations with some fairly heavy hitters about coming in as joint venture partners".

Spoke of the final investment decision for the project taking place in 26/27.

8 days after the previous placing of 10/07 Shore Capital emerged as the holder of 12.8% of the shares.

Will there be any significant shareholders emerging after this placing?

A reminder that Envoi Limited's presentation of Loxley on its website is here:

https://envoi.co.uk/projects/active-projects/united-kingdom/uk-onshore/

Correction: 4.5% (Not 4.4%) fee on all drawdowns.

10/07: £500k raised via the issue of 3.33bn shares at 0.015p.

05/08: £1m raised via the issue of 2m shares at 0.05p.

This time there is no convertible bond to be reimbursed at a cost of (£210k + £21k (10% fee) + £71,600 (4.4% fee on all drawdowns =) £302.6k.

In less than a month, UKOG has made very considerable progress.

10/07: £500k raised via the issue of 3.33bn shares at 0.015p.

05/08: £1m raised via the issue of 2m shares at 0.05p.

This time there is no convertible bond to be reimbursed at a cost of (£210k + £21k (10% fee) + £71,600 (4.4% fee on all drawdowns =) £302.6k.

In less than a month, UKOG has made very considerable progress.

So far today, the response of the share price to this morning's placing and retail offer has been encouraging.

As of now, it looks as if the market has largely taken the news in its stride (this is not to belittle the current share price decline of 23.3%).

At the current market price of 0.06p, the retail offer at 0.05p looks attractive.

The point is to know the maximum the company is looking to raise via the retail offer.

It is a term of the Retail Offer that the aggregate total consideration payable for the Retail Offer Shares will not exceed £1,000,000 ...

FUNDING NEWS: To help conclude land option for further hydrogen storage site and enable further negotiations with identified prospective strategic partner(s).

The funds will also permit the Company to further negotiations with identified prospective strategic joint venture partners and conclude a land option agreement for a further hydrogen storage site.

The further hydrogen storage site is presumably a reference to Yorkshire.

£1m is quite a modest amount in relation to Friday's closing market cap, given UKOG raised £500k when the market cap was about £1m, so it looks as if the company is keen to raise funds without impacting too severely its share price prospects.

How much will they seek to raise via the retail offer?