Member Info for ocelot

First trade of the day at 09:26:53.

"- This LoI will also assist GreenRoc secure further development finance" (from GROC's RNS video).

Enterprising of US EXIM Bank.

Repayable over a maximum 5-year term, so provides a significant boost to the financial credibility of Amitsoq from a prestigious source.

Has this initiative "launched" the longer-term financing of Amitsoq?

"- This LoI will also assist GreenRoc secure further development finance" (from the RNS video).

Enterprising of US EXIM Bank.

Repayable over a maximum 5-year term, so provides a significant boost to the financial credibility of Amitsoq from a prestigious source.

Has this initiative "launched" the longer-term financing of Amitsoq?

Yesterday's 0.30p gain in GROC added about £504k to its market capitalisation so, at 37.49%, was worth about £189k to Alba.

Could do, saigonsally, it's a good gain on the day but not really huge, in my eyes, especially given the very low share price at the present time.

But it's possible there are other factors at play as well, of course.

GROC closes up 17.1% at 2.05p

Inglefield was relinquished further back than I remembered: see the RNS of 23/01/23.

Inglefield was terminated quite recently, within the last few months.

Re TBS, we continue to await the results of the last work conducted on site.

Https://greenrocmining.com/project_category/mining/

GROC has retained Amitsoq and TBS.

Catching up with the Bluejay story:

in their RNS of 06/02/24, they announced having dismissed their VP of Exploration who had set up a competing business intended to operate in Greenland and which had secured exploration licenses surrounding JAY's ilmenite resource, Dundas.

It looks as if prospects for TBS may be brighter than developments at JAY had originally led one to believe.

Dec 24: 100.6p

Feb 25: 100.25p

https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600725

... The assertions made by former management that 1.5 months of inefficient and ineffective exploration in 2022 is more representative than the cumulative three-year work stream preceding it is fraught with problems. As such the Company is reviewing suitable courses of action to retrieve the effectively wasted shareholder capital from those responsible.

On a brighter note, we are very pleased that consensus exists to re-instate the 2019 Mineral Resource Estimate. The Company is taking steps to finalize this process, which has begun with a low-cost review of limited sample material available from the 2022 campaign. As Dundas is fully permitted, with a valid mining license, we will continue to review critical aspects of the project, as well as potential value adding acquisitions within the country."

That's a pretty extraordinary RNS from Bluejay with obvious positive implications for GROC's TBS resource.

Https://www.londonstockexchange.com/news-article/JAY/dundas-ilmenite-resource-update/16424275

Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and Pink-Market traded exploration and development company with projects in Greenland and Finland, is pleased to provide an update on the Company's 100% owned Dundas Ilmenite Project ('Dundas' or the 'Project') located in North-West Greenland.

Following an in depth assessment of deficiencies in the 2022 work programs at Dundas, alongside consultations with various independent consultants, the Company has determined that there is sufficient evidence to warrant the reinstatement of the 2019 Mineral Resource Estimate (MRE) at the Dundas Ilmenite Project. After joining the Company in late December 2023, significant concerns were raised by the new management team regarding the accuracy and representativeness of the 2023 MRE. This decision to reinstate the 2019 MRE reflects the Company's well-informed position that the downgrade in the 2023 MRE was the result of multiple factors, including the use of unsuitable drilling methods, and questionable decision-making.

Bluejay reaffirms its commitment to transparency and integrity with its shareholders and will continue to prioritize clear communication, accountability and ethical conduct. The Company is also considering its legal options concerning individuals involved in the 2023 resource estimation process, including former members of management.

Having said that, the offer has just been raised to 0.075p, widening the published spread again.

Robbie2017,

Don't know for sure but am hoping the churn is approaching its end and that the closing of the published spread will allow the share to establish a base from which to recover.

Presumably the buyer was in a hurry to pick up the line of stock.

Yesterday's price action showed that a good number of investors consider Angus to be oversold and undervalued, as you wrote, Gordonbennett1.

At last the offer price has dropped to 0.07p so that the published spread reflects the true spread.

Highest close since 21/12/23 when it closed at 0.575p.