Member Info for ocelot

Brent: $56.01

Plug Power Inc., a fuel-cell company that’s struggled to turn a profit, has surged in value to nearly $25 billion after striking a deal this week with a South Korean conglomerate to promote hydrogen technology in Asia.

Shares in the Latham, New York, company have jumped more than 50% since Wednesday, when SK Group agreed to pay $1.5 billion for a 10% stake in it. As of noon in New York, Plug’s market value was $24.9 billion, making it bigger than utility giants PG&E Corp. and Consolidated Edison Inc. ?A year ago, Plug was worth about $1 billion.

The meteoric rise reflects the booming investor appetite for hydrogen and clean-energy stocks as U.S. President-Elect Joe Biden prepares to take office and nations worldwide combat climate change. The WilderHill New Energy Global Innovation Index, which includes Plug and dozens of other clean-power companies, is up 70% since the election of Biden, who has pledged to have the U.S. rejoin the Paris climate accord...

https://www.bloomberg.com/news/articles/2021-01-08/hydrogen-company-s-market-value-skyrockets-to-25-billion?srnd=premium&sref=Em01M8Hr

Thought I'd create an alternative subject-title.

Gold dropped below $1,900 as technical selling took over after an earlier recovery in the dollar sent prices falling.

Bullion slipped as much as 2% in London, erasing gains made at the start of this year, as stock futures rose after data showed a sharp slowdown in U.S. hiring, bolstering speculation on further stimulus. Gold’s initial drop was exacerbated after prices breached the 100-day moving average, a key technical level.

“The move lower is technically driven,” triggered by a stronger U.S. dollar and higher Treasury yields, said Georgette Boele, an analyst at ABN Amro Bank NV. The metal should now test support at $1,870 an ounce, she added...

RBL (reserves based lending) is not currently available for less than an amount of $20m, as Angus discovered last September.

£6.12m NOT £12m, not by Angus, at least.

The surface drilling is taking them below the deepest previously worked level of the Llechfraith mine area.It is in the flooded area of this mine that there is visible gold.From the placing RNS of 25/11/20:The proceeds from the Placing will be used to accelerate value-enhancing activities across the Company's project portfolio including some or all of the following: ...- Dewatering of the Llechfraith mine area to allow for underground exploration and development; ...

Continuing respectable volume: 9.2m v yesterday's total for the session of 13.2m.

Point taken, ScipioAfricanus.

The assay results confirm what we already knew, Clogau gold is high grade.

To date, underground and surface drilling and trenching all suggest Alba know what they are doing and are able to locate the gold.

Then it's a question of the overall potential of Clogau and the Dolgellau gold belt. This will be for the long term. What we do know is the Daily Telegraph article of June 2020 wrote of 500k ounces, but this was a figure taken from a report of 2012 before Alba undertook any of its work and found 10 new anomalies in the Gold Belt, 1 of which is 4 times larger than that over Clogau.

It all continues to look very exciting.

The assay results were just 1 of 3 key points - they aren't wasting their time:

Key Points
• Surface drilling has recommenced
• Processing of small bulk sample at a third-party processing facility has validated the
Company’s process flowsheet and confirmed the production of a 20.7 grams per tonne
gold concentrate
• The Company’s dedicated pilot processing plant is expected to be operational in the
week commencing 11 January 2021 and to continue throughout Q1 2021

The RNS confirms what Mark Austin said of Clogau at the end of a video:

"it won't be a big mine ... it will be a high grade mine".

The pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/9984K_1-2021-1-7.pdf

110.5m on AIM.

There's another 32.2m on Aquis.

Crocqman, 2nd instalment due 16/01, I believe, 6 months after the completion of the agreement:

- Initial instalment payable upon signature of the asset purchase agreement via equal amounts of cash and UKOG shares.

- Two further instalments at 6-monthly intervals, or earlier at UKOG's discretion. (from the RNS of 16/07/20)

Yanis,

I've not seen anywhere that they have said they are not sending the bulk sample to the laboratory.

Not going back through all the RNSs and interviews, look forward to reading the assay results when they are ready for release.

Yanis,

If that is the reason for the drop, then it's a buying opportunity.

It's only the 4th trading day of the new year. Personally, wasn't expecting the assay results this week, because of the Xmas/New Year break.

81.0m on AIM.

Looks as if today's RNS has prompted some to sell and others to take their shares off them.

Liberum backs Topps Tiles to weather fresh lockdown

The negative impact of fresh lockdowns on Topps Tiles (TPT) should be offset by a boost from pent-up demand later in the year, with the company in a much better position than last spring, says Liberum.

Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 95p on the stock, which closed up 1.22%, or 0.7p, at 58p yesterday. The company reported a 19.9% jump in like-for-like sales in the first quarter but cautioned over the impact on sales from the new national lockdown.

Tomlinson said the ‘no-browsing’ in-store guidelines are stricter than previous lockdown but ‘we think any negative impact would be offset by a second half boost from the release of pent-up demand as lockdowns ease’.

‘The group is much better placed versus last spring, helped by its high trade customer mix who browse less, online strength, Covid-19-ready operations, and net cash position with £60m of liquidity headroom,’ he said.

“In Greenland, the Government’s decision to renew for a further year the measures it first
introduced in 2020 to assist licensees facing the challenges of the COVID-19 pandemic are
of course very welcome. That being said, these initiatives do not lessen our determination
to progress our high-grade projects in Greenland, once the pandemic restrictions in
Greenland ease sufficiently to allow us to do so. As such, it remains a key objective of the
Company for 2021 to drill our TBS Ilmenite Project to materially increase the existing
Resource and to drill our Amitsoq Graphite Project to define a maiden Resource there.”