Member Info for ocelot

That is, the after-tax NPV at 8% of the Amitsoq mine + the anode processing plant is calculated at 38.6x Alba's current share price, without taking any account of North Wales.

After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.

At 1.25 = £579.2m

of which Alba's 37.49%-share = £217.1m.

For a share currently valued in the market at £5.62m that provides very useful backing (a mild understatement).

My assumption was that the appointment of SP Angel Corporate Finance had to do with Angus's strategic growth.

But it is true that it could also be made for defensive purposes.

“The project numbers are really, really good. The total gross revenue over the 22-year period is over $6 billion dollars, which testifies to the economic robustness of doing downstream graphite processing. On a yearly basis, the 39,700 tonnes of processed active anode material is worth about $300M, sufficient to supply a million EV cars with batteries, equivalent to the entire UK production of cars if they were all electric,” explained Stefan Bernstein, CEO at GreenRoc Mining.

SB tweeted video:

"The result of the feasibility study is enormously positive for Greenroc".

These figures are considerably larger than those of the PEA of 31/10/23:

Pre-tax NPV at 8%: PEA Amitsoq mine: $235m; PFS anode processing plant: $837m; total: $1,072m

After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.

These figures are considerably larger than those of the PEA of 31/10/23:

Pre-tax NPV at 8%: PEA Amitsoq mine: $235m; PFS anode processing plant: $837m; total: $1,072m

After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.

The next milestone with regard to the processing plant is identifying the site for the plant, and setting up a pilot scale processing plant to start the qualification process, which should lead to the signing of off-take agreements with the battery industry.

The next milestone with regard to the processing plant is identifying the site for the plant, and setting up a pilot scale processing plant to start the qualification process, which should lead to the signing of off-take agreements with the battery industry.

Https://www.spangel.co.uk/sectors/oil-gas/

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Wasn't that Liz Truss? That nobody would trust her to run a bath??

As we can all see, UKOG does not have £1bn to invest, it is acting as a catalyst and as a project manager. It will be for those who contribute capital to oversee the employment of their capital.

Deltavegatheta,

Have you thought to communicate your 1st point to the government and to several potential international investors?

Re your 2nd point: if one or more potential international investor(s) participate(s) in Portland, would you not expect them to exert some influence over the development of the project?

Believe there is a reason management is fighting so hard to maintain UKOG as a going concern and that it is other than the continued payment of their remuneration.

We do not know how close they are to concluding discussions "with several significant potential international investors with regard to their participation in the Company's hydrogen storage project" (RNS of 01/02/24).

Any subsequent cash injection is likely to be ring-fenced but arrangements could include the payment of fees to UKOG for its management time.

Notice of Annual General Meeting ("AGM")

UK Oil & Gas PLC (London AIM: UKOG) is pleased to confirm that copies of its 2024 AGM notice and forms of proxy have been posted to registered shareholders today, 3rd May 2024. The AGM will be held at 1100 hrs on Wednesday 29th May 2024 at 8th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, United Kingdom.

The AGM notice and subsequent AGM results will both be made available on the Company's website www.ukogplc.com .

At 30 November 2022 the Company (Alba Mineral Resources) held the following interests in subsidiary undertakings, which are included in the consolidated financial statements:

Name of company Country of incorporation Holding at 30 November 2022 Nature of holding Holding at 30 November 2021 Business

Aurum Mineral Resources Ltd Ireland 100% Direct 100% Exploration

Mauritania Ventures Limited England & Wales 50% Direct 50% Non-trading

Dragonfire Mining Limited England & Wales 100% Direct 100% Exploration

Gold Mines of Wales Limited Jersey 100% Indirect 90% Holding Co.

GMOW (Holdings) Limited England & Wales 100% Indirect 90% Holding Co.

GMOW (Operations) Limited England & Wales 100% Indirect 90% Exploration

GMOW Gwynfynydd Limited England & Wales 100% Direct 100% Exploration

GreenRoc Mining plc England & Wales 54% Direct 54% Parent

Obsidian Mining Limited England & Wales 54% Indirect 54% (indirect) Exploration

White Eagle Resources Limited England & Wales 54% Indirect 54% (indirect) Exploration

White Fox Resources Limited England & Wales 54% Indirect 54% (indirect) Exploration

PS: for the very simple reason that I know I am not SS!

In all honesty, nope.

4.394bn issued shares of which 48.01% (say 2.11bn shares) is held by 5 significant shareholders, so the float = about 2.284bn shares.

Volume so far of 105m = 4.6% of the float.