Member Info for ocelot

Bubblepoint,

Think you are confusing legal ownership with the payment of an acquisition.

They do own 100% of Saltfleetby but they still have some debt related to the acquisition of the last 49%.

From the RNS of 01/06/22:

George Lucan, CEO, comments : "We are pleased to have completed the acquisition of Saltfleetby Energy Limited. It is the Board's view that the acquisition and associated share issuance, taken in totality, will be highly accretive for Angus shareholders this year and in the years following.

The acquisition of Saltfleetby Energy Limited approximately doubles the value of Angus' interest in the Saltfleetby Licence ...

Not at all sure that is a fact, Bubblepoint, I thought they had purchased Paul Forrest's 49%.

Why do refer to Paul Forrest as Forrest-gate? Anything to do with our last PM but one's party-gate?

It is only "dilution" when the increase in the number of shares is not matched by the increase in the corresponding assets and/or earnings.

"Plus it has resulted in nigh on 7 X dilution since the start of SLBY".

Have you adjusted your figure for the near-doubling of the stake in Saltfleetby, Bubblepoint, from 51% to 100%?

May learn more about where we are with the permanent flow-line, amongst other subjects.

Capital cost before contingency: $104.779m

Capital cost after contingency: $130.974m

at 1.21 = £108.24m

Https://drillordrop.com/2023/10/30/whats-happened-to-onshore-production-since-2018/

The biggest rise was reported at Saltfleetby, which resumed production in September 2022. Since then its most recent monthly data, from July 2023, was a record high. The field accounts for 80% of UK onshore gas production.

https://drillordrop.com/2023/10/30/whats-happened-to-onshore-production-since-2018/

Off the top of my head, maybe 1.5p.

For the moment, it's a very lacklustre response from PIs to what is a major milestone of an RNS.

If PIs are prepared to leave GROC at its current valuation (4.25p as of now), suspect industry players may be tempted to come in.

4.25p per GROC share = a GROC market cap of about £5m (according to the rival site).

Off the cuff, would have thought a market cap of 3 or 4 times that figure would not be unreasonable. After all, GROC owns 100% of Amitsoq.

4.25p per GROC share = a GROC market cap of about £5m.

Off the cuff, would have thought a market cap of 3 or 4 times that figure would not be unreasonable. After all, Alba owns 43% of GROC but GROC owns 100% of Amitsoq.

For the moment, it's a very lacklustre response from PIs to what is a major milestone of an RNS.

If PIs are prepared to leave GROC at its current valuation (4.25p as of now), suspect industry players may be tempted to come in.

So where did yesterday's volume go?

In the light of the resoundingly positive independent economic assessment provided by the PEA, GreenRoc remains committed to pushing forward the Amitsoq graphite project to production as fast as possible ...

Following the PEA, this has become a very serious and economically viable project.

Average Net Revenue of US$89.8M per year throughout the 22-year LOM (life of mine).

After-tax NPV at 8% discount rate: $179.353m.

This is for the Lower Graphite Layer only and for the Amitsoq mine only, so no account taken of a potential processing facility.

The potential for further upside is clear.

Alba's stake in GROC is nearly 43%.

Impressive:

https://www.londonstockexchange.com/news-article/GROC/pea-confirms-robust-economics-for-amitsoq-graphite/16188387

366.5m - that's better!

Should help progress the negotiations re the new debt facility.