Member Info for ocelot

At 0.56p

And another late report of 5m shares, at 0.64p (15:18:08)

At 15:15:21, delayed report: 5m at 0.5958p.

6th biggest riser in the market but, for the present, in modest volume of 2.7m shares.

Congratulations, SB and Greenroc!

Congratulations, SB and Greenroc!

Times, Business, pp48-49 - 2 quotes:

"The problem of weak valuations is behind C4X's decision to take the company private at a meeting on Monday. Clive Dix, its chief executive , said: 'We believe we should be valued at 5 times, if not 10 times what we are and therefore raising money at 10 times the value would be much simpler. I don't think it's to do with the quality of the companies and the science. I just think that the environment, it doesn't work. There's no liquidity" ...

"Gervais Williams, head of equities at Premier Miton Investors, a long-term proponent of smaller listed companies, said ... 'The UK is cheap, but small caps are disgustingly, absurdly cheap' ... Nevertheless, he reckons a broad rally in UK-listed shares is coming, with the FTSE 100 index flirting with a record high. This, he believes, will result in a 'positive virtuous spiral' that will boost smaller listed companies. 'I'm more bullish now than I've been for 30 years".

Times, Business, pp48-49 - 2 quotes:

"The problem of weak valuations is behind C4X's decision to take the company private at a meeting on Monday. Clive Dix, its chief executive , said: 'We believe we should be valued at 5 times, if not 10 times what we are and therefore raising money at 10 times the value would be much simpler. I don't think it's to do with the quality of the companies and the science. I just think that the environment, it doesn't work. There's no liquidity" ...

"Gervais Williams, head of equities at Premier Miton Investors, a long-term proponent of smaller listed companies, said ... 'The UK is cheap, but small caps are disgustingly, absurdly cheap' ... Nevertheless, he reckons a broad rally in UK-listed shares is coming, with the FTSE 100 index flirting with a record high. This, he believes, will result in a 'positive virtuous spiral' that will boost smaller listed companies. 'I'm more bullish now than I've been for 30 years".

Bubblepoint,

Appreciate your posts of this morning.

In fairness to George Lucan, the testing of Balcombe pre-dates his time at Angus, going back to Paul Vonk.

Note: Angus's interest is now 80%

Https://drillordrop.com/brockham-surrey/

Correction: consulate in Damascus NOT Beirut.

Got there! over $2,400 at $2,403.51, (on the negative side, reflects, in part, serious concern about the possible Iranian response to the destruction of its consulate in Beirut).

Re Brockham, from 08:34:

"moving full speed ahead to bring that field back into production"; long lead items ordered, rig put on contract; plan to be doing a work-over in May.

Needs to manage expectations: relatively modest production, not currently set up for 24 hour production.

Certainly, if we are encouraged by early production, we will consider moving to 24-hour production.

Anticipating production some time in late May/early June.

Very exciting for us especially given current oil prices.

Much bigger company but Petrofac's RNS of this morning included this paragraph:

The Company has engaged and remains in discussions with its lenders to restructure its debt which would result in a significant proportion of the debt being exchanged for equity in the business. It also continues to be in discussion with prospective investors and certain major shareholders in relation to potential further investment in the Company and remains in negotiations with prospective purchasers regarding the sale of non-core assets, as set out in recent announcements. All options remain under consideration.

Costco sells gold bars to its members - an idea for Tesco? Or, maybe, Waitrose?

https://www.businessinsider.com/costco-gold-bars-silver-coins-monthly-sales-wells-fargo-bullion-2024-4

The last placing was for 585m shares.

Since its announcement, in the 9 sessions through to yesterday's close, 526m shares have been traded on AIM.

This figure excludes the volume dealt on Aquis.

Hopefully, therefore, the impact of the last placing on the share price will now begin to diminish.

$2,386.69 at the present time.

Don’t ignore Montanaro’s ‘buy’ signal for over-sold UK smaller companies

‘Every valuation metric is telling you to buy at this level,’ says Montanaro Asset Management's chief executive after lifting its stake in Montanaro UK Smaller Companies to 6%.

BY GAVIN LUMSDEN

A version of this article was published in the Telegraph’s Questor column earlier today.

A significant investment in Montanaro UK Smaller Companies (MTU) by its fund management company has flagged a contrarian buying opportunity in the investment trust and for UK small-cap funds in general ...

Results of Annual General Meeting

Angus Energy (AIM: ANGS) is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were passed.