Member Info for Vulcan998

Laymans response........
6 months testing?
6 months to get planning and EA permissions? (The former is likely to be easier than the latter where it will all be about managing the waste and any chemicals used in the processing)
6 months to commence production?

with the second adit repair complete I would assume they are surveying / testing both the first level and the second level. I would hope we would get initial results from first level at Clogau soon......

ahead of targets and growing very strongly - £71M in cash&short term investments.........

going up!

shares at this level to average down my holding price.

The interesting thing is that so far, of all the wells drilled in the Weald only Horse Hill has worked in the Kimmeridge and even here UKOG seems to prefer extracting in the Portland. We know that the limestone layers are difficult to clean up & flow as you can get sludge and particles causing issues (eg Broadford Bridge).

Balcombe may still work as the 2 day test there (after issues) did seem positive.

at less than 0.2p.........just need some more cash!

glad I did not invest much in this share! Not really sure what is driving it down continually......

when do you think we will get the next trading / results update? Would be good to see these additional concessions driving enhanced revenue

One thought about Clogau (my least favourite Alba asset) is that they have had safe access to the upper level of the St Davids mine for several weeks now and (I would assume) would have been surveying and drilling samples for most of this time.......so perhaps some news soon.
Safe access to the lower level is still a few weeks away according to the schedule of works.

1.6% shares are shorted down from a recent high of 3.2%........

May - July 2020........

On the same day that it had announced that fundraise, Blue Prism also unveiled a new AI initiative, working with partners to execute on that. And indeed that is what it is getting with Thoughtonomy. The companies were already working together before this — Thoughtonomy’s other key partners are companies like Microsoft’s Azure and Google Cloud, used to deliver its services — and according to Walby, the idea is that his startup will be helping Blue Prism get its services to the next level of where RPA is going.

Growth is very high as expected. Both new deals, up-sells and renewals are very strong. Cash income is growing strongly BUT cash burn is growing strongly as well so the cash flow loss is significantly higher.

The purchase of Thoughtonomy looks to sensible given the massive growth of cloud services and the need for RPA to be able to effectively interact with cloud data and cloud based applications BUT the RNS does not state a pay back period or provide financial justification and there is circa £60M of share dilution over the next 2 years.

BUT on balance these are all good news for an early stage growth company. The focus now needs to start to shift to making money and getting cashflow positive.

All IMHO.

The results look excellent. With the expected NAV growth and Dividend growth. The dividend is covered 1.2 x which is reassuring.

The only issue I see is that our share price is ahead of NAV so (at some stage) there could be a correction is growth and/or dividend growth halt.

This looks interesting to me BUT the latest fund raise and project plans are for £77M which is nearly three times the current company size......this worries me as if they get anything wrong with the projects, or there are delays it could be a major hit on profits.
I know that there is a £30M investment from the Northern Ireland government but it is a concern.......
I also know that the placing is not diluting as we get a lot of assets straight away and more in the future.....but perhaps some dilution for the short term.
The future dividend is very attractive to my pension pot!
Thoughts please people..........

So excellent results in terms of NAV increase BUT compared with last year which perhaps was exceptional, the actual income received from the investments has dropped significantly.
Costs are down
Dividend is up (but is still not as high as it should be)
Some of the investee businesses are doing well others have issues.

It will be interesting to see what Simon Thompson thinks with his next update......

Worth reading:
https://roskill.com/market-report/natural-synthetic-graphite/

1. Very good news - price is appropriate
2. Like others on here I would have preferred this to come later as the current growth and dividend has been great BUT perhaps the BOD can see issues in the future (technology, competition, market changes) we are not aware of.
3. I suspect there may be a counter offer - a big player would see value in having an alternative solution in their portfolio perhaps addressing the SME market they are currently missing and they would not want to lose this opportunity to another competitor.
I am holding till this closes.

Just FYI as there could be similar deals possible with our Graphite opportunity......

China’s Ganfeng Lithium, the country’s second-biggest producer of the electric car raw material, has agreed to buy a 30% stake in London-listed Bacanora Minerals, which is building a lithium mine in Mexico.
Bacanora said Hong Kong-listed Ganfeng would pay £14.4m in cash for the stake at a price of 25p a share, just below its current share price of 26.75p a share.
Ganfeng, which has deals to supply lithium to Volkswagen and Tesla, will help Bacanora commission its Sonora project, in return for long-term supplies of lithium.
Peter Secker, chief executive of Bacanora, said the company now had “a clear line of sight towards commencing construction” of the project.

seem to be continuing where we left of on Friday........being on the top risers board will have made some people look at this share for the first time. The VLOG below from parislse will also have helped

The news recently is helping the share price along nicely.......