Member Info for ocelot

AIM rule 41 concerns a delisting, not a takeover.

Agreed, it would be a question of a bidder making an offer it would be difficult for Alba to refuse.

GF this morning NOT GRF!

"... The success of this latest phase of the commercialisation test work programme for Amitsoq graphite provides a very solid foundation for discussions with potential EV industry partners and customers" (GRF this morning).

They need to get GROC's share price up, otherwise the danger is that a potential partner for Amitsoq may decide the most attractive financial solution is to buy up GROC as a whole.

Furion,

No, not yet.

Personally, was happy with Greenroc's IPO (if not with the subsequent share price performance to date) and believe Greenroc's separate management is accelerating prospects for the Greenland portfolio.

GROC have tweeted a message from an external source about "graphite stocks commencing their rally".

Lots of tweets by Alba this morning including this one retweeted from GROC:

NNW view of Amitsoq Island demonstrating the continuity of the Lower Graphite Layer. The graphite layers show better continuity and greater thicknesses than we could have hoped for, particularly in the LGL. Very encouraging.

A lot to be done, including construction of a production plant and a port.

My impression is that they are not hanging about, that they are very keen to progress this quickly and safely and in full compliance with all the regulatory requirements.

Re Amitsoq, the roadmap to production is on page 11:

https://greenrocmining.com/wp-content/uploads/2022/09/GreenRoc-IMC-Presentation-28.09.22-1-1.pdf

No shortage of those who might be potentially interested: Americans, Europeans, manufacturers, suppliers, ...

"Spherical graphite is presently only produced in China, so with these test results, Greenroc Mining is well positioned to become an important supplier of raw materials to the EV industry."

The implications of this RNS are very positive indeed.

Alba's Chairman, George Frangeskides, commented:

"Confirmation that Amitsoq graphite is suitable for the production of spherical graphite marks the achievement of a key milestone for the project. The success of this latest phase of the commercialisation test work programme for Amitsoq graphite provides a very solid foundation for discussions with potential EV industry partners and customers.

"The rapid progress which is being made at Amitsoq underscores the importance to Alba of its considerable stake in GreenRoc."

GreenRoc is delighted to announce that the micronisation and spheronisation test work conducted by ProGraphite confirms that Amitsoq graphite easily upgrades to a spherical graphite product.

... Central banks bought 400 metric tons of gold in the September quarter, the World Gold Council reported this week. That’s a record inflow on a par with what they’d purchase over a whole year in normal times ...

Article suggests it's, above all, a reflection of distrust of US authorities on the part of some significant developing countries.

https://www.bloomberg.com/opinion/articles/2022-11-06/central-banks-in-emerging-markets-are-biggest-gold-buyers?srnd=premium-europe&sref=Em01M8Hr

Their ambitions go beyond Saltfleetby as they've made very clear.

To answer that one, one first needs to know why the downward price movement took the share price so low.

So suggest the upward price movement is in reaction to an exaggerated downward price movement.

1/ Given the crazy gas prices forecasted for several years ahead, I just wondered if the company has been approached by any of the multinationals interested in Saltfleetby, or indeed if you expect them to be interested? Thanks. Asked on 1 September 2022

There is a dearth of new assets coming online so we would not be surprised to have further approaches this year.

2/ Does the company continue to be in discussions with the 2 interested parties in Saltfleetby? Asked on 30 May 2022

We have kept an open line to three participants. Non-binding offers have been tabled but they did not reflect the true value of the asset or were contingent on various milestones being met.

It is one thing to low-ball ahead of proof of success, but to low-ball and make a bid contingent on proof of success seems to be having one’s cake and eating it.

In short we were being faced with the same issue that the old Angus had with Horse Hill – sell out the asset at an undervalue ahead of final proof of success, or press on alone and indeed increase our stake in the asset. On this occasion we chose the latter.

so things are definitely improving (!):

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

... and, perhaps, very quickly.

Imho, it doesn't need to be pumped, it just needs the market to realise the share price has declined to a level where any positive news is likely to lift it very substantially.