Member Info for ocelot

that's 5 buys of 10m each, 4 in the last 8 minutes.

When will the company buy AAOG with £42m tax loss allowance and will you expect problems from the chancellor with any new revised fiscal policy. Asked on 1 November 2022

We have never suggested that we have any plans to buy AAOG – nor do we. As to the Chancellor, we know as much as you.

We have done a thorough analysis of the storage potential of the field (which is second only to Rough platform) ...

Hi,

Given the U.K. is suffering from a lack of storage rather than gas supply, have you not considered approaching the Gov for funding/grant to expedite the storage facility potential at SFB? Asked on 30 October 2022

We have done a thorough analysis of the storage potential of the field (which is second only to Rough platform) and we have shared the results with official bodies. Expanding into storage (battery, CH4, CO2, H2, even liquid HC) is a key aim of Angus as we believe that this is an area where we can make a commercially profitable contribution to transition.

Hi,

How many warrants are left?

Thanks,

Jamie Asked on 30 October 2022

79,303,236 representing under 3% of the total issued share capital.

The company has indicated that the team are working on potential deals to grow Angus asset base in the near future. Can you indicate whether the intention is to remain UK focussed, or is there appetite to take on the right assets overseas where the opportunity presents? Asked on 1 November 2022

We would go wherever commerce takes us.

https://www.angusenergy.co.uk/media/investor-questions/

"Today's (ie. yesterday's) announcement brings Alba one step closer to production at Clogau ..." (Vox).

"The Company's primary target within the Mine is the projected Llechfraith Shaft lode extension in the Lower Llechfraith workings, situated below the Llechfraith Adit level ..." (yesterday's RNS).

It may take a while but think the market has begun to shift its attention back from dewatering to Alba's principal business, exploring for gold at Clogau.

hamsters,

Your point is at the top of the list of outstanding Investor Questions:

https://www.angusenergy.co.uk/media/investor-questions/

View from Vox

Today's announcement brings Alba one step closer to production at Clogau. In addition to the aforementioned main Clogau Gold mine, the company has identified a large number of gold targets and former gold workings across the project's 106.94km2 license area. This includes the Waste Tip where Alba's exploratory campaign revealed average assay grades of 3.5 g/t, with gold concentrates produced at the on-site pilot plant at an average grade of 502 g/t. Alba said this indicated real potential for the Waste Tip to be separately mined for gold.

Alba also announced in August the acquisition of the remaining 10% interest in the Clogau-St David's Gold Project, including 75% of a net smelter return royalty from the vendor. The company now owns 100% of its Welsh gold projects, which represent significant future value inflection points for investors. Today's news alone drove Alba shares up 4% in early trading.

Separately, Alba's 54%-owned GreenRoc Mining recently announced significant new discoveries at its Amitsoq graphite project in Greenland, which is one of the highest-grade graphite deposits in the world. The new areas of interest, mostly located in the project's recently granted MEL 22-03 exploration license, showed high-grade deposits well in excess of 20% C(g).

News will continue to come out of Amitsoq as GreenRoc awaits assay results from its Phase 2 drilling program, followed by an expected higher resource for the project. The latter should arrive in c. 2 months. The March 2022 maiden JORC Resource for Amitsoq showed 8.3m tonnes at an average grade of 19.75% C(g). Based on last month's Phase 2 results, and recent sampling results, a significant upgrade to that resource tonnage is expected.

When I wrote my post of 09:13, the discussion was about Skwizz.

So many posts have now been deleted that the context in which I wrote my post has been deleted in the process!.

Investors seem to have become so accustomed to a lack of news re dewatering that they are having difficulty in believing the positive news of this morning's RNS!

It was Liz Truss who who called herself the disruptor-in-chief.

That will be the shift in the front month, from November to December.

https://www.angusenergy.co.uk/media/investor-questions/

The Company's primary target within the Mine is the projected Llechfraith Shaft lode extension in the Lower Llechfraith workings, situated below the Llechfraith Adit level. This target was identified through Alba's surface drilling campaigns in 2020 and 2021, by which Alba was able to confirm vein (or lode) continuity up to ~122 m below the existing Lower Llechfraith workings (Fig. 1).

The Company was also pleased to host recently a site visit at Clogau for senior NRW personnel.

Ricepot,

If this crisis is to endure another 8 years, according to internal Treasury forecasts, then, agreed, Loxley looks like a very attractive and necessary project.

Re the meeting between Sunak and Hunt this Friday morning to prepare the ground for the government's upcoming budget:
From the Sunday Times, p4, "Hazards ahead ...":

Re the meeting between Sunak and Hunt this Friday morning to prepare the ground for the government's upcoming budget:

" ... The Chancellor told Sunak: 'We don't expect gas prices to return to normal this decade'. That means 8 more years of energy crisis, something the chancellor said 'is depressing growth and therefore tax revenue'. Hunt outlined how Britain is now spending £180 billion a year, the equivalent of 10% of GDP, on energy, up from £40 billion before the pandemic. 'That's basically like funding a second NHS', Hunt said".

Re the meeting between Sunak and Hunt this Friday morning to prepare the ground for the government's upcoming budget:

" ... The Chancellor told Sunak: 'We don't expect gas prices to return to normal this decade'. That means 8 more years of energy crisis, something the chancellor said 'is depressing growth and therefore tax revenue'. Hunt outlined how Britain is now spending £180 billion a year, the equivalent of 10% of GDP, on energy, up from £40 billion before the pandemic. 'That's basically like funding a second NHS', Hunt said".