Member Info for ocelot

2 RNSs released at 18:00 on 30/09, that is fine timing!

The gold price (£2,851.88 spot) is certainly telling us something about paper money.

Presumably, that the solution to the indebtedness of governments is inflation (we've been here before!).

Mannnan,

Thank you for letting me know but wouldn't the UKOG board be the more appropriate board for your post?

Spot gold: $3,807.20/£2,835.32

Mirasol,

There is a reason I describe EPP as UKOG's NEAREST quoted peer, that is because they are far from being identical.

But they do both share ambitions for hydrogen storage and are dealing with the same government ministry and, quite possibly, approaching similar industry players in their endeavours to further their ambitions.

Further RNS from EPP this morning, further rise in the share price: +51% at the present time.

Amitsoq is "a KEY strategic project":

I also had the pleasure of hearing from GreenRoc CEO Stefan Bernstein about the Amitsog graphite mine, a key strategic project for the resilience of the EU’s critical raw materials supply chain.

Thank you for citing my post of 15/09, Mirasol.

Following its RNS at 11:53:

"... the Company is pleased to note that DEZNZ has confirmed that, having considered the details of the Company's proposals, the Secretary of State concludes that the Proposed Development is nationally significant and that the Proposed Development is to be treated as development for which development consent is required".

Depends upon what you are looking for, a trend or a change in trend.

Surprised the GM has still to be followed by the publication of the accounts.

The auditors can qualify the accounts, as they have done in previous years.

It needs management to assure the auditors they believe they can raise funds as required.

Market cap at suspension of £1.7m was sufficient to enable them to raise modest amounts.

The video is on UKOG's home page under latest news:

https://www.ukogplc.com/

Interesting, the project is in the US but the company in which the US government may take a stake is Canadian.

... His visit will include an inspection of a graphite mine in the south of the country and a meeting with Greenlandic energy minister Naaja Nathanielsen.

The mining project in question, aimed at exploiting the Amitsoq graphite deposit, is being developed by UK-listed GreenRoc Mining. Graphite is a key component in lithium-ion batteries, and the company aims to become one of the first large-scale producers in Europe.

The project has been tagged by the European Commission as strategically important for Europe, as it seeks to reduce dependence on unreliable foreign suppliers of a range of critical raw materials essential to the energy and digital transitions.

If I remember right, it wasn't a question of him becoming a director.

The offer of a loan should raise the market cap and lighten the weight of any equity raise.

Suppose, for the sake of simplicity, the 2 projects are valued at 100 on completion of construction and it is assumed it will take 2 years from the present to get there.

Then, discounted at 8% per annum, their net present value is 100 x 0.92 x 0.92 = 84.64

Elir,

The NPVs are not calculated from the date of construction of the 2 projects but from the date of preparation of the feasibility studies, on the basis of the assumptions made at the time concerning the timetable for the projects.

Unless anyone has any particular insights, we know very little about how these discussions are progressing.

We know that we lost our CEO after 1 month, on 19/06, and that we were reinforced by 2 NRDs representing significant shareholders on 08/08.

Essential in order for UKOG to raise funds on the market and thereby show the auditors it can be a going concern for the 12 months after they sign the accounts.

I had assumed the GM would be quickly followed by the publication of the accounts but that has yet to happen.