Member Info for ocelot

5th biggest volume stock on the market, according to a rival site. Summer doldrums.

George Frangeskides, Alba's Executive Chairman, commented:

"It is a measure of our confidence in the long-term prospects for the Clogau Gold Project that we have taken the opportunity to move to 100% ownership of the Project ...

GF's statement speaks for itself.

Note the space devoted in the RNS to copper (see LodesorLoads' post of 08:01 below).

This looks to be a further potential resource to be exploited and something to which they are giving some thought.

Note: Heid's post of 10:58 yesterday morning on the UJO board didn't identify HITS as TW but as one of those who write for TW's site.

Limerick Update

The mineral exploration licence for the Company's 100% owned Limerick Base Metals Project, PL 3824, has been renewed until 26 May 2024. The Project is situated in the world-class Irish Zinc Ore Field, the location of a number of high-grade zinc-lead deposits.

The expenditure conditions attaching to the renewal of PL 3824 require the Company to incur expenditure of EUR38,087 by 31 December 2022 with a further EUR62,500 to be spent by 26 May 2024.

As previously announced, the Company has identified three principal exploration target areas for follow-up drilling at Limerick. Accordingly, applications for the necessary drill permits have been submitted with the aim of commencing drilling before the end of 2022.

The Company's ecological consultants are in the process of updating the previously submitted ecological and technical report. Once the survey data for August is incorporated, the Company intends to submit the revised report and renewed dewatering applications in the first half of September. The Company remains confident that it will ultimately be successful in its bid to dewater the shaft.

Article includes a table showing the UK's limited gas storage capacity by comparison to some other European countries:

https://www.bbc.co.uk/news/uk-politics-62604653

For the hedge, see page 49 of the revised CPR of 26/10/21:

https://www.angusenergy.co.uk/wp-content/uploads/2021/10/Angus-Energy-Saltfleetby-Reserves-Valuation-Report.pdf

Jaffy,

It came as news to me, I'm afraid I hadn't worked it out (but then I am not very familiar with the gentleman in question except as HITS).

Interesting post by Heid on the UJO board at 10:58 this morning where one of the writers for Tom Winnifrith's site writes of "my head in the sand persona".

Winter 23 natural gas is at 679p.

This is going to cost households and business an absolute fortune.

Winter 23 natural gas is at 679p.

This is going to cost households and business an absolute fortune.

Yes, my post was an invitation.

European gas prices surged after Moscow’s move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on this winter.

Benchmark futures rose as much as 16%, also driving up electricity prices to fresh records. The key Nord Stream pipeline will stop for three days of maintenance on Aug. 31, again raising concerns that the link won’t return to service as planned after the works. Europe has been on tenterhooks about shipments through the link for weeks, with flows resuming only at very low levels after it was shut for works last month.

Germany warned Moscow could further reduce supplies, and reiterated a call for conserve energy. “We have a very critical winter right in front of us,” German Economy Minister Robert Habeck told public broadcaster ZDF in Montreal, during a visit to Canada with Chancellor Olaf Scholz. “We must expect Putin to further reduce gas.” ...

https://www.bloomberg.com/news/articles/2022-08-22/europe-gas-jumps-as-supply-fears-return-with-planned-pipe-works?srnd=premium-europe&sref=Em01M8Hr

It's great for gas producers but a very big headache for the incoming PM!

4 futures prices above 700p at the present, the highest being Feb 23 at 732.58p.

Highest futures price at the present is Feb 23 at 732.58p, there are 3 other futures above 700p.

Think this is the first time we've seen prices break the 700p level.

Natural gas front month September currently up 19.3% at 550p:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253323

Think there are a number of bigger players who won't or can't move until first gas is confirmed. What may happen is impatient PIs will sell part of their holdings and some City fund managers may buy what they sell.

Looks promising, too:

On 8 July 2022, GreenRoc announced the expansion of its landholding in South Greenland, to encompass several largely untested graphite occurrences, which have been shown by earlier studies to contain high-grade graphite ore. The landholding is covered by exclusive Mineral Exploration Licence ("MEL") 2022-03. GreenRoc's geologists have identified several surface occurrences of graphite in the new area and have submitted samples for assay.