Member Info for ocelot

Versuvius2019,

Look again, that was the open offer, the placing raised £5m.

Glencore-backed U.K. gas shipper CNG Group Ltd. will no longer provide gas to its utility clients, a move that threatens to prompt a raft of further failures in the British energy market.

CNG supplies wholesale gas to utilities that then sell it to households. The U.K. energy market is already in crisis and the exit threatens to unleash a new wave of turmoil ...

CNG is advising its clients to seek alternative shipping arrangements “quickly.” The company still has about 18 utility clients on its books that will now need a new supplier, Chief Executive Officer Paul Stanley said Wednesday.

“The company has been forced into an impossible position” after many of its own customers collapsed during the past months. A shrinking customer base caused the company significant financial damage, Stanley said.

Securing new supplies is likely to cost utilities a lot more, given recent increases in the market, piling pressure on companies that are already struggling. CNG’s customers are likely to be the smaller utilities as many large firms have their own gas shipping license...

https://www.bloomberg.com/news/articles/2021-10-13/glencore-backed-u-k-gas-shipper-cng-is-exiting-wholesale-market?sref=Em01M8Hr

Shortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, the International Energy Agency said.

Crude has surged above $80 a barrel, the highest in three years, as traders anticipated that record gas prices would stimulate consumption of other fuels, particularly for power generation. That’s already happening and could add about 500,000 barrels a day to oil use on average over the coming six months, the IEA said on Thursday.

“An acute shortage of natural gas, LNG and coal supplies stemming from the gathering global economic recovery has sparked a precipitous run-up in prices for energy supplies and is triggering a massive switch to oil products,” the IEA said. “Provisional August data already indicates that there is some unseasonably high demand for fuel oil, crude and middle distillates for power plants across a number of countries, including China.” ...

https://www.bloomberg.com/news/articles/2021-10-14/global-gas-crisis-is-spilling-over-into-oil-markets-iea-says?srnd=premium-europe&sref=Em01M8Hr

Agreed. Don't think the market has yet caught up with the implications of the IPO, with 2 separate teams dedicated to developing:
1/ N Wales:
the longer-term potential of the Dolgellau gold field looks to be very exciting, quite apart from their nearer-term plans for Clogau;
2/ the Greenland portfolio.
That comparison of TBS to Bluejay by Kirk Adams of yesterday (1/10th of the value) gives an indication of where their ambitions may be for the future market cap of Greenroc.

Up nearly 10% for the present:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188706

Up nearly 10% for the present:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188706

The potential is there ... and the management is there to exploit that potential.

In N Wales, almost everything they undertake either meets or exceeds their expectations.

In Greenland, it is clear Kirk Adams has considerable ambitions for Greenroc: "we're just following them (Bluejay) ... and we're a tenth of the price", but that's TBS and there's Amitsoq as well.

imho, it could just as easily be quoted at the double of its present price ... and with more justification.

Why should it be quoted at 0.22p today?

Each to his own, Ibug.

Do find the personal sniping tiresome.

He's quite fun, Kirk Adams.

Re TBS: "we're just following them (Bluejay) ... and we're a tenth of the price!"

Definitely looking to accelerate things appreciably, speaks of seeking mining licences within a time-frame of 12-18 months.

Definitely looking to accelerate things appreciably, speaks of seeking mining licences within a time-frame 12-18 months.

He's quite fun, Kirk Adams.

Re TBS: "we're just following them (Bluejay) ... and we're a tenth of the price!"

From Bloomberg's market opening coverage:

The world is failing to invest in energy on the scale needed to escape catastrophic climate change and avoid sharp increases in fossil fuel prices, the IEA warned. Investment in solar and wind is lagging and spending on fossil fuels is falling short. "There is a looming risk of more turbulence for global energy markets," the IEA's Fatih Birol said.

The Loxley appeal decision is highly unlikely to give rise to a 7am RNS, this is something that should come through during the course of the session (at some stage).

What on Earth is a "deviant when it comes to raising cash", Ninetails? I've never heard of such a character.

They aren't hanging around:
in last Friday's Q & A, they informed us the report for NRW had arrived on their desks late the previous night;
in yesterday's 7am RNS, they confirmed it had been submitted to NRW.

Very healthy volume, over 500m for the day.

the 60m shares sold have knocked it back a bit, if not immediately.