Member Info for ocelot

... This matters for Alba because the Motzfeldt Project contains rare earth elements and tantalum, now defined as both critical and growth minerals, and niobium, listed as a critical mineral. These commodities are central to the UK’s long-term needs across clean energy, advanced manufacturing, defence and technology.

Motzfeldt aligns directly with the minerals the UK has identified as strategically important for the coming decade, reinforcing the project’s relevance in the UK’s evolving critical minerals landscape.

The total value of $800m was arrived at after discounting projected cash flows at 8% per annum.

The EUR 5.3m 5-year loan facility of 22/10 provided us with market cap figures for the conversion into shares as follows:

"The Loan converts into Ordinary Shares at a price equal to their market price at that time, less a 20% discount,

subject to a valuation floor of £30m, and a valuation ceiling of £140m".

My market cap figure for today of £20m was plucked out of the air, one could argue for a considerably higher figure than that.

Stringer01,

The time risk discount was reflected in the discounted cash flow studies of Amitsoq and the processing plant which gave a total value of $800m (these figures were last included in "About GreenRoc" at the bottom of the RNS of 24/09).

What would be a more logical market cap for GROC today?

Imho, something in the order of £20m would be more reasonable.

Was suspended at 0.0102p

Greenroc's market cap on admission to AIM was £11.1m.

Today it is £6m.

Imho, there is no logic in this decline of the market cap given the indisputable progress, and modest capital raises, made in the 4 years+ since the IPO.

Malcy's Blog from the 21st (if posted already, please disregard).

A good round up from Angus who can give some details of the flagged US deal as well as sharing the discussions with regard to debt restructuring.

The company has announced that due diligence has been completed on a potential acquisition of a portfolio of producing assets in the Gulf of America, the board has stated that it is now pursuing a ‘strategically advantageous minority, non-operated interest, expected to deliver enhanced returns on capital while significantly lowering capital and operational commitments’.

The way that this looks to have been structured is quite smart, non-operated is clever, no one wants to do that job and the operator will manage the project leaving Angus to ‘focus on the financial and human capital efficiently, reduce operational risk and enhance potential returns on investment’.

Also good is that is not a reverse takeover, this simplifies things a great deal and reduces costs particularly in the regulatory area and also should shorten the process. The company also notes that it is discussions with creditors with regard to the debt restructuring with ‘momentum and progress achieved’ and the shares will remain suspended until these discussions are concluded.

The company say that this is in order to create a ‘solid foundation’ for future growth’ which probably means that they plan further M&A activity once the debt is sorted and this acquisition is bedded down, they say that they ‘remain committed to delivering a sustainable and value-driven strategy for the Company and will provide further updates as appropriate’ which I like.

When all these matters are sorted and the shares return from suspension there is every chance that Angus will look a very interesting play, I look forward to seeing how it pans out but shareholders have every right to be optimistic.

https://www.malcysblog.com/2025/11/oil-price-angus-prospex-and-finally/

During suspension, the detractors wrote of UKOG being unable to meet its liabilities.

£5m of cash raises later, we no longer hear any more of UKOG's inability to meet its liabilities.

The company's prospects have improved beyond recognition since 1st October.

Imho, it won't take long for the market to take account of this radically changed state of affairs.

I sincerely hope SS has better things to do!

36.5bn shares at 0.0165p = market cap of £6m.

83% of this market cap consists of the £5m in cash recently raised via 4 successive placings.

At the present time, UKOG is offering a remarkably low risk profile, its prospects are in the stock for just £1m.

They have raised a total of £5m, £4.5m at 0.03p and £0.52m at 0.016p.

These raises explain the decline in the share price since the close of 01/10.

The question is where does the share price go now?

Imho, it's a bit late to think of selling or of shorting.

... a placing (the "Placing") of new Ordinary Shares (the "Placing Shares") at a price of 0.03 pence per share (the "Issue Price"). The Issue Price represents a discount of approximately 35% per cent to the Closing Price of 0.046 pence per Ordinary Share on 1st October 2025, ... (RNS of 02/10)

At 0.0165p, the discount on 1st October's close of 0.046p is 0.0295p or 64%.

The capital reorganisation of early 2024 was a 1:10 NOT a 1:100.

Some of my Sloan classmates would turn out to be the first investors in a mining startup I set up with two other geologists in 2006. It was called Avannaa Resources and eventually became Greenland’s leading grass roots mineral exploration company.

PS: having already raised £4.5m at 0.03p, the raise of £0.52m at 0.016p only marginally affects the average placing price, reducing it to 0.0285p.

You're missing something, Tapman, take a look at the Motzfeldt deal.

"... due to continued investor demand, the Company has accepted a further investment of £0.52 million ..."

Yes, the share price has come back on the placing price of 0.016p but, for those whose perspective is more than a few days, this is exactly where UKOG has wanted to find itself for a long time, with funds approaching the company to invest in it.

We don't know if SS will stop at a total raise of £5m but it does constitute a major achievement and when he does stop, the share price should benefit.

The ramifications of that, tossalot, are a very significant increase in UKOG's credibility in the field of its projected activities.

He has also managed to raise £5m since 01/10 and the stock's return from suspension.

That he has succeeded in raising a sum equivalent to about 3x UKOG's pre-suspension market cap suggests he may be on to a winner.

Of course, having sold out with a small loss, today's market probably offers you the opportunity to buy back in again and make a gain!