Member Info for ocelot

UKOK possesses a range of assets, all of which contain potential, some of which contain considerable potential.

The past is of interest to corporate archivists but of very little interest to investors: UKOG's future share price performance will depend upon how the business develops from here on.

Yanis,

I haven't given the mechanics of the operation any thought, I'm afraid, other than expecting it to be wrapped up pretty quickly once launched.

Whether it is late August or early September, it must be very close now.

It is in the first full trading week in September that most market participants will be back from their holidays - wonder if the IPO timetable may not slip into that week.

Highly unusual market comment on the NY market on Bloomberg:

"Stocks Extend Gain as ‘Not That Many Bears Left’: Markets Wrap"

... “There are not that many bears left,” Irene Tunkel, chief U.S. equity strategist at BCA Research, said by phone. Pullbacks like last week’s are becoming “shallower and shallower” as more people buy the dip, she said. “There is very, very strong buy-the-dip mentality.” ...

$72.03

Soon after arriving, GL reckoned 4p would be a reasonable price for Angus at the time.

Since then, the capital base has increased. At the same time:

1/ Saltfleetby has progressed, a £12m debt facility has been obtained and natural gas futures prices have leapt forward;
2/ there is renewed hope for the potential of Lidsey, of which they now own 80%;
3/ a lot of management time has been devoted to geothermal.

Where should the price be quoted right now?

On the basis of the current state of play and prospects, 4p might not be too far off the mark.

No.

Gross undervaluation: yes.

Power costs in Germany are headed for the highest levels in at least two decades this winter in a sign of what soaring fuel and carbon permit prices are having on Europe’s biggest electricity market.

German power futures for the fourth quarter are trading above 100 euros per megawatt-hour, twice the rate of last year and almost 50% more than the highest historical average daily price for the period in data going back to 2000.

With benchmark European gas prices more than doubling in 2021 and both coal and emission costs increasing, the cost of generating power at fossil-fueled power plant is rising steeply. High energy prices were the main driver in the German consumer inflation rate climbing in July to the highest level since 1993...

https://www.bloomberg.com/news/articles/2021-08-25/german-power-market-set-for-highest-winter-prices-in-20-years?srnd=premium-europe&sref=Em01M8Hr

I am really sick of seeing the SP at this level.
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Wholeheartedly agree with you, Yanis, the gross undervaluation is blatant and persistent.

But it does continue to offer a very attractive opportunity to investors.

The distinction between wasting time and banter is, at times, a fine one!

What silence from the company?

The last update RNS was exactly 2 weeks ago, on 11/08. 2 weeks is not an eternity.

Both Alba post-IPO and Greenroc Mining contain exciting potential for the future.

Hopefully, the injection of cash into Greenroc will enable them to accelerate development of their projects to the point where debt finance can be envisaged.

In Alba, the "huge" potential of Clogau and the Dolgellau gold belt has become evermore evident, everything they have done to date has met or exceeded their expectations.

A serious re-rating of the share price is long overdue (and, imho, will take place).

Does that mean you think you are wasting your time on this board, Grayling?

I arrived in the Spring of 2019, after PV's exit, but before the Brockham RNS of 28/06/19, (fortunately for myself, I was just putting my toe in the water with my initial buy).

What I know about Brockham is, therefore, essentially that RNS.

$71.00

How long have you been following, Angus, WG818?

WG818,

Re Brockham, I have no knowledge of what you state (I make no claim to have a perfect knowledge of Angus's operations).

Re Lidsey, I was referring to their current plans to integrate new seismic data into their reading of the field and, if it bears out their hopes, to press ahead with their plans.

PS: the Brockham licence isn't alone in having had extensions in time, so has the pandemic.

Given the work they are undertaking at Lidsey, the 28th Feb 2024 is of no immediate concern.

Re Brockham, the reason for the hold-up lies elsewhere than with Angus.