Member Info for ocelot

In fairness to all concerned, it's the way of social media, isn't it? to simplify and to polarise.

Social media don't really encourage the expression of nuance.

"At this stage, the Potential Transaction is non-binding and subject to completing due diligence, funding and other material considerations ..." (RNS of 19/05).

"Other material considerations" include the need to obtain approval from the market authorities so that the offeror is not obliged to make an offer for all of Angus's share capital.

Thank you, Divermike.

The word "ramping" is being misused to describe someone who makes positive comments. This has nothing to do with the dictionary or market definition of ramping.

In a takeover, ownership of 30% or more of a company requires an offer for all of the company.

In a reverse takeover, this requirement can be waived with the approval of the stock market authorities.

In stock market terms, ramping is an illegal form of market manipulation where fraudsters artificially inflate the price of a security by spreading false information or making fake trades to mislead other investors. Once the price has been pushed up, the manipulators "dump" their shares at a profit, leaving ordinary investors holding worthless stock. This is often part of a "pump and dump" scheme but can also involve "ramping down" the price for short-selling profits. (Google's AI Overview)

Tapman,

What in your eyes constitutes ramping in my post of yesterday 11:46 entitled "3 time horizons"?

In my own eyes, it is neutral.

Only if the RTO is completed will we have access to the key figures.

In the meantime, all we know is what they are seeking to do.

Re explorers, you don't because all exploration involves risk.

Nevertheless, these kind of potential returns help to explain the continuing interest of PIs in such stocks.

Angus's own profile is much less that of an explorer and, if the proposed RTO is completed, it will become even more of a producer.

From 4p to 75p is getting on for 2,000%: in 5 years+ that is a good return.

1/ Short term: Clogau

I would have described Clogau as near term except that the near term has just been pushed back again by about a month;

2/ Medium term: GROC

this looks to be a major success story in the making, yet to be recognised by the market;

3/ Long term: Motzfeldt

Any one of these 3 ventures can produce news at any time, the most likely to impact the share price being Clogau and GROC.

The governmental focus on critical materials and the availability of public funding is pretty recent, the EU's choice of strategic projects even more so.

No outstanding financial liabilities to AME. From AME's 2024 annual report, page 17:

"In the Resan exploration license, where AME and UKOG shared 50/50 interest, UKOG opted to

strategically realign its operations back to the UK. Following the settlement of outstanding obligations, UKOG

applied to MAPEG (General Directorate of Mining and Petroleum Affairs) to withdraw from the Resan license."

More reaction on the hub than on this board for the present - 4 questions, 2 published answers.

Nothing concrete yet from GROC but Alba clearly believe they are on the right path because they are following GROC's example.

Alba's RNS of yesterday included this sentence:

"... Alba has held initial discussions with governmental agencies in order to explore the routes for securing non-dilutive or low-cost funding and other support for the development of Motzfeldt.

1) Bubblepoint, I am not a corporate historian, what interests me is what happens now and in the future;

2) I would be most surprised if they provide any more information until the negotiations arrive at a conclusion, for the reasons I gave in my previous post.

No company would provide a running commentary while such negotiations continue:

1/ until there is a definitive agreement, there is no more useful information to communicate;

2/ a running commentary might put at jeopardy the negotiations.

Of course, that may be the way Angus sees it too, that the proposed RTO is a step in building something bigger.

Indeed, Trafigura may share the same vision, we simply don't know.

Bubblepoint,

We lack almost all the necessary information to assess the proposed RTO.

In relation to your post, we do not know the identity of the owners of the group of producing assets and we do not know their plans.

One possibility is that there are other deals envisaged and that the proposed RTO is, for them, simply a step in building something bigger.

My capital letters:

... UBS says the revised gold forecasts reflect its expectations of robust demand from exchange-traded funds (ETFs) and central banks, coupled with A GLOBAL SHIFT TOWARDS BULLION AS THE PREFERRED RESERVE ASSET TO THE US DOLLAR.

“We see US macro-related risks, questions over Fed independence, worries about fiscal sustainability, and geopolitics underpinning de-dollarization trends and more central bank buying,” UBS analysts wrote in a note. “In our view, these factors will drive gold prices even higher ...”

Indeed, given how low the share price has fallen, there is the potential for a very substantial re-rating.