Member Info for ocelot

"Treasury idiocy is killing North Sea energy" (p25):

Sample extracts:

"One after another, corporate presentations to shareholders (by energy companies) are emphasising a shift away from Britain towards other, more stable political environments, like West Africa";

"A few weeks ago, the country was appalled to learn that Russia had been sending spy vessels around the North Sea in a possible precursor to sabotage. The truth is that Moscow needn't bother. If the government has its way, North Sea industry will soon be in irreversible decline. Who needs the FSB when you have the Treasury?"

Would you expect directors to buy before the results of Pinarova-1 have been determined?

Over at Angus, George Lucan reckoned that, in the last 3 years, he had only been free to buy shares for about 3 months in each year.

Allenby Capital research piece HAS been posted to GROC's site. Valuation of £41.72m or 31.1p per share.

Allenby Capital research piece HAS been posted to GROC's site. Valuation of £41.72m or 31.1p per share.

So Alba's 44.67% share valued at £18.6m = about 0.167p per Alba share.

EU issued a "Call for Action" re critical raw materials last week (at the conference in Brussels, if I understood right).

Importantly, it Includes a chapter to "facilitate access to finance".

At the present, EU has taken note of 50 critical raw material projects, 2 of which concern graphite, 1 of which is GROC's Amitsoq.

SB is quite confident Amitsoq will become a strategic project under the EU's critical raw materials Act, once it is adopted.

SB mentioned that a new piece of broker research has been produced arriving at a valuation of 31p per GROC share (should be posted to their site today, if not already done).

Should add: SB mentioned that a new piece of broker research has been produced arriving at a valuation of 31p per GROC share (should be posted to their site today, if not already done).

EU issued a "Call for Action" re critical raw materials last week (at the conference in Brussels, if I understood right).

Importantly, it Includes a chapter to "facilitate access to finance".

At the present, EU has taken note of 50 critical raw material projects, 2 of which concern graphite, 1 of which is GROC's Amitsoq.

SB is quite confident Amitsoq will become a strategic project under the EU's critical raw materials Act, once it is adopted.

2.7m at present, so no selling pressure but no buying of any size either, just doing little.

GROC Investor Meet Q&A at 12 noon today.

I was reacting to this sentence of yours in your post of 21:59 yesterday:

"Only thing I can think of that causes that is MMs have loned a big buyer the shares you might say they have shorted the share".

Never suggested otherwise, baits.

Baits,

You're making a different point.

Market-makers do not loan out stock for shorting.

Oil is there but where precisely and in what quantity?

Let us hope they can locate and import the 7-inch perforating guns asap.

Market-makers are not IIs, they don't invest in stocks like IIs so don't hold stocks they can loan out like IIs

From EP's 2022 AIM Directors' remuneration report:

The median salary for CEOs in 2022 is £386,000 ... The total median remuneration is £565,000.

"... just promoting Groc doesn’t make alba more attractive".

Agreed, but a rising GROC share price does.

You said yesterday, nookie, that the lack of a rise in Alba's shares attracted you.

"Sold all my groc and ukog and put in here due to no rise whatsoever........might see a welsh gold bonus too!".

The GROC share price has, in fact, getting on for nearly doubling in the last few weeks, moving from a little over 3p to 5.45p.

That's put about £3.2m on GROC's market cap. Alba's 44.67% share thereof equals about £1.44m. In theory, GROC's share price recovery should put about 12% on Alba's share price.

5.45p mid-price at present. Nothing spectacular but the cumulative effect means that, on the graph, it has now returned to the peak of about 4 months ago.

With production now approaching a stable plateau, Angus management is now able to deploy time and resources to monetising its other oil assets, developing a long-term transition storage capability at Saltfleetby, progressing its geothermal programme and exploring other strategic opportunities. (RNS of 02/05)