Member Info for ocelot

"Anti-Angus action group". There was an action group, posters added on "Anti-Angus".

If AAAG members stick around a bit longer, they are going to find ANGS Mark 2 bears little resemblance to the ANGS Mark 1 in which they were invested.

https://www.angusenergy.co.uk/transition-esg/geothermal-energy/

At the end of a video, Mark Austin said of Clogau: "It won't be a big mine, ... it'll be a high grade mine".

Needs to be borne out by the assay results, of course, (or, at least, not contradicted by them), but everything suggests they've got a very good idea of what they are sitting on.

OPEC+ is closing in on a deal to gently ease output curbs after days of fractious negotiations that revealed deep cracks at the core of the cartel.

After direct talks, Russia and Saudi Arabia have thrashed out a plan to take to other members, according to one delegate. Others also said a deal was close, but the details remain unclear. Discussions have focused on a gradual relaxation of output cuts over several months, and according to one delegate there could be a one-month delay before the tapering starts...

https://www.bloomberg.com/news/articles/2020-12-02/opec-has-made-headway-toward-deal-delegates?sref=Em01M8Hr

Been in Alba for a good, long time. During that time, have come to consider management as very careful custodians of shareholders' funds.

If they raise new funds, there is a good reason for it.

We can all see they have quite a range of projects all of which need funding in order to be brought to fruition.

The last raise was £100k less than the previous one, despite the higher price at which it was raised.

I repeat:

7 weeks and a day since the agreement was finalised with AME on Wednesday, 14/10.

That's why it's interesting, Mirasol, Aleph are clearly in a position to offer specialised expertise.

7 weeks and a day since the agreement was finalised with AME on Wednesday, 14/10.

The MOU with Aleph is an interesting one (extracts from the RNS of 30/11, my capitals):

The structure provides ... alignment of interest between Angus, SEL and Aleph to GROW THE REVENUE whilst maintaining strong Environmental, Social and Governance ("ESG") principles...

From the outset until repayment of the debt, Angus will also appoint Aleph Energy Limited as its COMMERCIAL and technical adviser on this project with particular regard to Aleph's experience MARKETING ENERGY PRODUCTS, MANAGING PRICE and logistics RISKS, as well as its expertise in all upstream activities...

It is also exciting for us to have a potential partner who marries technical and COMMERCIAL skills as well as proven access to considerable pools of private capital. We believe Aleph is the right partner to smaller scale energy and ESG projects that provide much needed local employment and displace more polluting energy fuel sources.

Cheap buying opportunity, imho.

Wish you would keep your squabbles to yourselves.

Not really, the RNS was excellent news.

There is a difference between the company and its achievements and the company's share price.

Sometimes they move in tandem, sometimes there is a time-lag between their movements.

Think it's now tomorrow OPEC will take a decision, but, yes, the medium term prospects for the oil price are encouraging, after the drama of earlier this year.

.

Gl devoted quite some time to ESG and other considerations at the end of his conference call of 25/09, it is something they are obviously taking very seriously.

The arrangement with Aleph is, I would have thought, both unusual and promising: by offering them a % of gross revenue from Saltfleetby AFTER repayment of the facility, they are being treated more like a partner than a lender.

Investor Questions are there, if you would like to put a question to GL.

The gold is there and Alba can find it, but ... it does need to be extracted, which is a question, above all, of time.

It's all very academic, given that the £3.5m bond at 8.5% never came into being.

177.6m on AIM, another 43m on Aquis.

... which is why a debt facility can be raised on the Satlfleetby CPR when it was not possible under the previous management regime.

Presumably, interest on the bond required revenues to be generated?