Member Info for ocelot

If management is working on a positive surprise, then the percentage upside could be substantial.

We are waiting for the date of the AGM to be announced.

On their side, management, too, appear to be waiting for something to happen ... but what?

Paul has been involved in the development of Saltfleetby since 2019 and joined the Board of Angus in July 2022. Now that the Company has secured the Trafigura refinancing, Paul feels it is the right time to pursue other interests.

Paul Forrest's resignation from the board does mark the attainment of a milestone in Angus's development.

Under George Lucan, it looked as if Angus might be interested by Loxley: he described it as an "attractive asset".

Under Richard Herbert, that is no longer the case. RH has said Angus's growth strategy should play to its strengths, the management of mature fields.

Re Angus, there has been no mention of any action for ages. Some of those involved can probably still be found on the bulletin board of lse's principal rival.

Resignation from board of Paul Forrest;

appointment of SP Angel as sole broker.

It sounds as if Alba will be inspecting the ground for themselves very soon, before their option matures, so we should learn more within the next month.

In his video interview with lse above, GF explains that their Andover West licences have been explored in the past for other minerals but never for lithium.

I post again the video FollowTheVein posted on 24/04 at 16:31 on Azure Minerals and their Andover project's Lithium:

https://www.youtube.com/watch?v=hTWfuiZpEWg

From 13:00, Azure's MD provides a summary: he uses the word "exciting" a number of times within about 40 seconds.

Let's hope some of that excitement can become associated with Alba.

Don't forget some of the risk taken on by RiverFort/YA was quite possibly reflected upfront in their convertible loan fees of £502k.

AimDogs,

I thought of that but decided against it: please correct me if I am wrong but I believe UKOG's licenses are specific to UKOG.

A favourable supreme court judgement; a farm-out of Loxley (still the website's home page photo after more than a year); the successful conclusion of discussions with one or more international investor(s) re their participation in Portland.

The list of potential positives remains the same while the share price succumbs to the lack of new updates.

129 trades. Say £27k in all = average trade of about £210.

FollowTheVein,

... and more analysis of the airborne surveys.

There's a lot going on since Alba gained access to Level 4. There should be no shortage of news in the next few weeks.

Agree with your last sentence.

The AIM rules require the annual report to be PUBLISHED by the end of 6 months, ie 31/03 for a 30/09 year end.

But notice has to be given of the AGM so, under AIM rules, it is not a requirement for the AGM to be held within 6 months.

The Act goes back to 2006. There may be a mountain of case law that has intervened since then.

LexisNexis states otherwise.

It is enormously unlikely that AIM rules have not been drawn up in compliance with the law. AIM, too, has lawyers who will have vetted the rules.

A public company must CALL (my capitals) an AGM each year within the period of six months starting on the day after its accounting reference date. Detailed requirements as regards the convening and holding of an AGM are set out in the Companies Act 2006 (CA 2006). (LexisNexis).

"Call", not "hold". That would reconcile the AIM rules with the Companies Act.

Annual accounts

19. An AIM company must publish annual audited accounts which must be sent to its

shareholders without delay and in any event not later than six months after the end of the

financial year to which they relate.

Under AIM rules, the requirement is to release the annual report within 6 months of the end of the financial period.

Given that notice then has to be given of the AGM, it is not under AIM rules that the AGM is required to be held within 6 months of the end of the financial period.