Member Info for ocelot

Trafigura finances Angus's £20m debt facility.

If Trafigura is also prepared to help finance acquisitions, then Trafigura for one does not appear to be overly concerned Angus are "so laden with debt".

As at 31/03/24, the debt facility had been reduced to £18.75m.

At the same date, the net book value of oil and gas production assets stood at £76.489m so the debt looks to be well secured.

Then it is a question of respecting the repayment schedule but, as we know, there is a one year grace period for capital repayment (RNS of 22/02/24).

I read UKOG's twitter feed too quickly. The tweet I posted from yesterday was the 4th of a series of 4. This was the 1st of the series:

UK ENERGY STORAGE: Exxon’s CO2 capture is key enabler for their Fawley H2 plant. With RWE’s planned green hydrogen plant, SGN's pipelines and our storage, UKEn will be at centre of Solent Cluster and southern hydrogen power.

To follow through:

Trafigura finances Angus's £20m debt facility.

If Trafigura is also prepared to help finance acquisitions, then Trafigura for one does not appear to be overly concerned Angus are "so laden with debt".

UK ENERGY STORAGE LTD: Exxon pipelines can play major role in decarbonising southern England … UKEn will supply the storage and SGN’s pipeline connections can complete the perfect hydrogen story. http://solentco2pipeline.co.uk

@Ed_Miliband @LabourSJ #energy #renewables #cleanenergy

The page on the website from which the sentences concerning bonanza grades WERE extracted:

https://www.albamineralresources.com/project/clogau-st-davids-gold-mine-wales-2/

The page on the website from which the sentences concerning bonanza grades was extracted:

https://www.albamineralresources.com/project/clogau-st-davids-gold-mine-wales-2/

"This is the problem, they are so laden with debt as it stands i dont see how they would get fiance a decent rates for anything new ..."

SillyButtons, in the interview given by Kryzs Zielicki, he indicated Trafigura are willing to help them finance acquisitions.

From the home page of the website, "Clogau St David's Gold Mine, Wales" "Learn more":

"... The geological setting for the gold at Clogau-St David’s is a combination of intrusive greenstones and shear zones dominated by inter-mixed Clogau shales and quartz veins. Historically, the gold has been found in exceptionally high-grade pockets within these quartz veins, with bonanza grades running from the tens to the hundreds of ounces of gold per tonne ..."

Bubblepoint,

What you are asking for may be of interest to you but may not be of too much interest to others.

Surely, what matters is to assess where the company stands today and where it is likely to go in the future.

On an uncrossing trade of about 937k shares.

Shore Capital raised their stake to 13.14% from 12.80% on 19/07.

If Alba begins to extract gold in any kind of a commercial quantity, these figures will be put into perspective.

So placing + retail offer raises nearly £500k.

The year's earlier placing (of 28/03) raised £380k, but £70k of that was then invested in GROC (31/05).

Oversubscribed nearly 2x - that is a good result.

Result of Oversubscribed Retail Offer

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce, further to its earlier announcement of 18 July 2024, that it has conditionally raised approximately £192,522 (before expenses) via the conditional issue of 550,063,457 new ordinary shares of 0.01 pence each in the capital of the Company (the "Retail Offer Shares") at a price of 0.035 pence per share (the "Issue Price") pursuant to its offer to its existing retail shareholders via CMC CapX (the "Retail Offer"). The Retail Offer has been significantly oversubscribed in relation to its original target raise of £100,000 and the Company has decided to accommodate that excess demand from its shareholders. The Company wishes to thank shareholders for their continued support ...

So are you taking advantage of the opportunity yourself, AimDogs?

As KZ said in his recent interview, one of the reasons they are looking at M&A activity is to de-risk, ie reduce the company's reliance upon Saltfleetby and spread the risk and revenue over a broader range of projects.

On the basis of that interview and, indeed, of Lady of Aim's tweets, it sounds as if we should know more pretty soon.

A well performance management strategy to address the impact of liquids on production rates is being developed. (RNS of 08/07)

Lse has adjusted the market cap for the recent placing (see under "UKOG Share Price" button above).

Lady of AIM was the first to suggest that approaches had been made to Angus.

On 06/01/22, Angus launched a "formal sale process": Lady of AIM had been proven to be right in her suggestion.