Member Info for ocelot

Zak Mir's RNS Hotlist comment:

It was always going to be interesting to see how GROC would fund itself, given the hefty development programme on its plate. The whole turnaround as far as critical minerals in 2025 means that non-dilutive funding is one of the main drivers of GROC’s funding needs.

GreenRoc and ProGraphite GmbH, its technical adviser, have developed an HF-free purification system based on sequential alkaline baking and acid leaching (non-HF), providing a sustainable alternative to conventional HF digestion. The EUDP grant will be put towards demonstrating this HF-free purification process at pilot-scale, advancing the technology and proving its functionality in a relevant operational environment and establishing the foundation for industrial scale-up.

A question: will there be a means to monetise the new purification technique they are seeking to develop?

Today is the 15th, let's see if there is an update concerning Horse Hill.

1.70-1.80p, put the decimal point in the wrong place!

Will say a few words in Bubblepoint's defence.

He sold out of Angus around 170-180p, informed the board he was doing so and why. in retrospect, we can all see that was a good decision.

At the time, there weren't many, if any, who doubted his industry knowledge.

"About GreenRoc" has been updated for the exploitation licence of 08/12:

... Amitsoq is one of the highest-grade graphite deposits in the world with a combined Measured, Indicated and Inferred JORC Resource of 23.05 million tonnes (Mt) at an average grade of 20.41% graphite, sufficient to sustain several decades of mining. GreenRoc received an Exploitation Licence from the Government of Greenland on 8 December 2025, valid for 30 years.

With the EU-Graphite project, it is GreenRoc's ambition to establish the capabilities for downstream purification of spherical graphite within Europe, creating the first end-to-end pathway from resource (Amitsoq) to battery-grade material and reducing Europe's present complete dependency on overseas raw material supply and processing capacity. By validating an HF-free process at pilot scale, the project will lay the foundation for a safe, sustainable, and domestic European supply of spherical purified graphite.

Correction of irritating tiny error in previous post.

"with approximately DKK 6.3m (ca. £730k) payable to GreenRoc"

Financially, it's the equivalent of the near 50% oversubscribed placing of 03/02/25 (£735k).

Well done, all concerned!

"with approximately DKK 6.3m (ca. £730k) payable to GreenRoc"

Financially, it's the equivalent of the near 50% oversubscribed placing of 03/02/25 (£737k).

Well done, all concerned!

We are in the season of Advent, waiting for the good news.

The 2p warrants of the 03/02/25 placing are well in the money and expire in February 27: unless the holder envisages selling the corresponding stock, they can be sat upon.

The 3.75p warrants of the 02/06/25 placing are not yet in the money and expire in June 27.

Note that in the 03/02/25 placing RNS, SB said this:

"I would like to thank the investors supporting this raise - in what remain challenging capital markets, we set out to raise a minimum of £500,000 and achieved a near 50% oversubscription, which is a strong endorsement of the huge potential upside associated with GreenRoc."

Elir,

The placing of 03/02/25 says this;

"The Fundraise comprises a significant placing of £500,000 from institutional investors, £165,000 from existing shareholders, £50,000 from largest shareholder Alba Mineral Resources Plc and £17,500 from directors of the Company ... "

It was the placing of 02/06/25 which was made by a single institutional investor:

"The Fundraise comprises a significant subscription of £450,000 from an institution. The subscription price is 2.5p per share (the "Subscription Price") resulting in the issue of a total of 18,000,000 new ordinary shares ("New Ordinary Shares") ..."

9 million warrants were issued with the 18m new shares.

"... The Warrants will have an exercise price of 3.75p per ordinary share and will expire two years after the date of the New Ordinary Shares' admission to trading on AIM. The Warrants will be subject to an accelerator provision, such that if at any time during the exercise period the 10-day volume-weighted average price of GreenRoc ordinary shares exceeds 5.0 pence per share, the Company may give Warrant holders notice to exercise their Warrants failing which the Warrants will automatically expire".

Elir noted that about 40% of the stock is firmly held in a few hands.

Mullins noted that a good proportion of PI holders are likely to be long-term holders (it has always been a project for the medium to long term, PIs bought knowing what they were buying into).

When the market acknowledges that GROC is grossly undervalued (as SB has said), it could move up very quickly.

Chanteuse,

Think a market cap of about £30m might be more appropriate in the present circumstances given what has already been achieved and the company's prospects so that translates into a share price of about 10.75p (by coincidence, close to the original IPO price).

If the share was to make a determined move towards this price, I might well be tempted to revise up my figure.

Reminder of Highlights from the feasibility study RNS of the AAM plant of 07/05/24;

· Pre-Tax Net Present Value at 8% discount rate (NPV8) of US$837M with Internal Rate of Return

(IRR) of 33.8%.

· After-tax NPV8 of US$545M with IRR of 25.3%.

· Total gross revenue of US$6.5Bn over the 22-year period, with total gross profit totalling

US$2.7Bn.

· Years of operation set at 22 to match that planned for the Amitsoq graphite mine.

· 4-year payback period on capital from start of production.

· Initial capital cost (Capex) of US$321M inclusive of a 25% contingency.

· Average operating cost (Opex) of US$2,211 per tonne of CSPG.

· Average annual processing of 80,000t of graphite concentrate at 95% graphitic carbon (C(g))

with production of 39,700t of active anode material in the form of coated spherical purified

graphite (CSPG).

https://greenrocplc.com/announcements/6323790

393m shares

It's good to see UKOG coming to grips with its legacy oil interests in the Weald: 1/ plug and abandon of BB; 2/ approaching a revised application for HH.

$4,333.00, £3,241.06

It is also a commercial discovery at Clogau which would lead to the re-rating of Alba: the programme of blasting at Level 5 is due to resume any day now.

It's a deadline UKOG appear to have set themselves.