Member Info for ocelot

Agreed, newlunar.

It postpones access to visible gold, but doesn't remove the gold from the mine and the gold field.

disappointing

Think the overall tone of the answers is one of confidence.

B If the sidetrack is successfully drilled, what would you hope would be the total gas output of Saltfleetby mmscfd in a worst, probable and best case scenario?

B. Finger in the air: Worst 7mmscfd, Probable 10mmscfd, Best 10mmscfd (but extended for a longer period of time) Note, the combined deliverability of the three wells will exceed the production rate during the plateau period which is limited to 10mmscfd by virtue of the process equipment.

When do you think you might be able to pay dividends to shareholders? Asked on 27 October 2021

With a successful side track we would hope to be debt free and dividend paying during the financial year beginning September 2023.

With acknowledgements to Hedgehog100 on the Greenroc board, think this is quite a useful summary of GROC's present situation:

A mining company can increase in value by multiples long ahead of production, as it passes important milestones, raising money at progressively higher prices.

Two of GROC's projects are in advanced exploration stage: one has a resource, expected to be significantly increased shortly from the drilling this summer, and another is expected to establish a maiden resource from the drilling this summer.
I.e. two value-enhancing events which are imminent.

Then work will begin on economic assessment, which itself is a value-enhancing event, and can act as the basis for obtaining mine financing, or project sale.

So it's actually pretty advanced compared to many mining explo. companies, in a safe jurisdiction, and with the right metals at the right time.

The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter.

Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part, they’ll spend their windfall profits on share buybacks and dividends. Capital expenditures will rise next year, but the increases come off 2021’s exceptionally low base and within frameworks established before the recent surge in fossil-fuel prices...

https://www.bloomberg.com/news/articles/2021-10-30/oil-majors-won-t-come-running-to-help-world-facing-energy-crunch?sref=Em01M8Hr

Ibug,

Of course the percentage concerns the votes cast, how else do you measure a vote at a general meeting?

Yes, at the time of the general meeting vote of 07/06, we saw just how unrepresentative of shareholders in general are posters on this board.

Votes in favour of the 2 resolutions were 93.6% and 92.9% - you would never have imagined it possible by reading this board at the time.

Gwynfynydd (RNS of 20/11/20), expansion of total licence area (RNS of 20/09/21), commencement of trading of Greenroc Mining (RNS of 28/09/21), enabling Alba itself to focus on gold mining in N Wales, all of this points in one direction, Alba's very considerable confidence in the potential of Clogau, Gwynfynydd, the Dolgellau gold field and adjacent land.

Since the end of the first lockdown, they have made very encouraging progress: I believe they will continue to make very encouraging progress in the weeks and months to come.

Agreed, it would create a new horizon for the company.

Document Unavailable
This document is unavailable for viewing at this time.

16th November? That's a remarkably brief space of time in which to lodge an appeal, that doesn't look right.

Sorry, Investor Question of 29/07/21 NOT 29/01/21.

The last 2 paragraphs of GL's response to an Investor Question asked on 29/01/21:

... Again we go into this armed with previous operators’ experience and indeed a full audit of our programme by an Aberdeen based but internationally renowned engineering and drilling consultancy as well as the Lender’s own Technical Committee, manned by experts from a variety of backgrounds. We also have fully reprocessed seismic to guide us past any localised faulting.

Nothing in drilling is without risk – but in terms of basics such as where to drill (finding the most productive layer) & how to drill (and avoid sticking or hole collapse), most seasoned operators would see this as much lower risk, in fact, than would be the case on any relatively newly addressed reservoir.

Yes, that is what I believe, too :-)

remarkably quiet: 11 trades, average size about 30,000 shares.

https://drillordrop.com/2021/10/26/saltfleetby-rise-in-estimated-revenue-but-delays-expected-in-gas-flow/

AEWB's P50 post-tax future net revenue including debt terms (before any cash flow discount): £55.9m (page 55 of amended CPR; effective date: 01/10/21)

Under the original CPR with an effective date of 28/02/20: £36.3m (page 53)

+54%

Perhaps "Angus is becoming/planning to become a senior player in this market" would have been more appropriate, agreed.

European natural gas and power dropped on Thursday after more signals from President Vladimir Putin that Russia will send more gas to the continent next month.

The Russian leader ordered Gazprom PJSC late Wednesday to focus on filling its European storage sites from Nov. 8, a day after it completes the process in Russia. He said it should ease supply tightness in Europe, where high prices are squeezing industry and fueling inflation. On top of that, gas flows from Norway increased, with top seller Equinor ASA promising to boost exports.

Benchmark Dutch gas for next-month delivery dropped as much 12% early Thursday. German power also slumped...

https://www.bloomberg.com/news/articles/2021-10-28/europe-gas-prices-tumble-after-putin-s-order-to-add-supply?srnd=premium-europe&sref=Em01M8Hr