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It's all about 'mates rates' really though, and if they had waited until the permit was issued then 'mates rates' would not have been so attractive - it's all a game.
GL SR
Gg7 - But it does provide the opportunity to aquire more at the reduced price - just trying to look on the bright side m8 ;-)
GL SR
"huge risk you may not see your money again" - yet your name 'EarlofAim' - lol gotta laugh at that.
GL SR
There's life in the old dog yet ;-)
GLA SR
Some strong buying now ;-)
GLA SR
Ooops - That's what I should have said
Not for long though on the basis of the RNS - also continually going into auction this morning , should be the top of the risers list for the rest of the day and week.
GLA SR
Forget my last post - you can now trade VAST with Barclays.
GL SR
RE: Barclays - I rang them yesterday, and the y said things were still being balanced (exact words), but the issue would be sorted imminently - REALLY?
He also indicated that a few other individuals had aslo contacted them re the same issue.
I wonder how over 60 million shares were traded yesterday by other brokers - so irritating!!!
GL SR
Extension - Date /Time period would have been nice.
The FCA should now lift the suspension as they've had clarification from ICON.
From the suspension notice .......
"The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 28/02/2024 16:00, in order to protect investors pending clarification from the company:"
This could rocket on the suspension being lifted ;-)
GLA SR
Well they're going to have to notify the market why it's suspended - should be an RNS tonight really!
At least before suspension the price was going up and not down - Fingers crossed it's good news.
GLA SR
GLA
5p on a limit sell order of 4.75p -
Notice of General Meeting Resumption
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the General Meeting ("GM") which was adjourned on Friday 16th February, will now be reconvened at 1100 hrs on Tuesday 5th March 2024 at 8th Floor, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW ("Reconvened GM").
Please note that valid proxy instructions that were submitted for the GM of 16th February 2024 will remain valid for the Reconvened GM and shareholders who have already voted via proxy do not need to submit a new proxy unless they wish to change how their proxy should vote. Proxy forms for the Reconvened GM may be submitted up to 11 a.m. on 1st March 2024. Proxy forms must be submitted in accordance with the instructions set out in the form of proxy set out in the notice of the Reconvened GM dated today.
The notice of the Reconvened GM will be made available on the Company's website at and hard copies www.ukogplc.com will today be posted to shareholders.
The Company notes queries from shareholders in relation to the deferred B shares. The deferred B shares are being created solely as an established method to facilitate the capital reorganisation, consent for which is sought by Resolutions 1, 2 and 4. The capital reorganisation seeks to reduce the number of shares to a more manageable level, to satisfy certain obligations owed by the Company under the funding facility agreement as announced on 28 June 2023 and to reset the nominal share value so as not to hinder the future issue of new shares should the share price be below the current nominal value. The Company confirms that the deferred B shares will have no economic value, no voting rights and will not be admitted to trading. The Company will seek to cancel the deferred B shares in the future subject to such cancellation being permitted and it being cost effective to do so.
Resolutions 3 and 5 are being proposed at the Reconvened GM to allow the Company to raise funds this year to deliver its stated strategy and growth objectives, which include progressing both the material Loxley gas development and the strategic Portland hydrogen storage project, one of the largest planned in the UK. Failure to carry resolutions 3 and 5 will, therefore, mean that the Company will not be able to fully implement its operational and growth strategy.
The Directors therefore seek specific shareholder approval for authority to undertake the necessary capital reorganisation, issue shares and dis-apply pre-emption rights in respect of those shares in order that the Company can raise money for its working capital obligations.
The result of the Reconvened GM will be announced shortly after its conclusion and published on the UKOG website.
Well BARC are still trading it!
GL SR
George Frangeskides, Executive Chairman, commented:
"We have been making really good progress at Clogau as well as over our extensive regional gold exploration ground. The key piece of news in this release is that we have filed a notification of our intention to carry out bulk sampling at the Llechfraith Target, our No.1 gold target within the Clogau mine system. The filing of this notification follows on from the fact that we have now largely completed our assessment of the newly dewatered No.4 Level and found it to be in good condition overall, allowing us to move ahead with the detailed planning and layout of the bulk sampling programme below No.4 Level.
"In that regard, we have also now completed a substantial sampling programme on No.4 Level. The sampling of the existing development will provide us with valuable information to assist in the precise siting of the development layout for the bulk sampling below No.4 Level. While it is certainly a positive that we have seen a significant sulphide content in the samples tabled in our Processing Plant to date, we will need to await the publication of the assay results from our first batch of heavy mineral concentrates in the coming days.
"In other developments, on further analysis our technical team has decided to carry out a further bulk sampling programme at the Waste Tip before we submit a planning application for exploitation of the tip. While it is a little frustrating not to be able to crack on with the planning process, as we had intended to by now, on reflection we think this is the right approach overall. Finally, we are really pleased to have completed the airborne geophysical survey over some of our stand-out regional gold targets and look forward with anticipation to seeing the results of the data evaluation in due course."
Excellent
Spreadex reducing, which is not alarming as they quite often up their holding a few days later.
Resulting situation on the date on which threshold was crossed or reached
3.9539%
Position of previous notification (if applicable)
4.7012%
GLA SR