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Alba Min Share Chat (ALBA)



Share Price: 0.39Bid: 0.38Ask: 0.40Change: 0.00 (0.00%)No Movement on Alba Min
Spread: 0.02Spread as %: 5.26%Open: 0.36High: 0.39Low: 0.355Yesterday’s Close: 0.39


Share Discussion for Alba Min


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wolfie21
Posts: 195
Off Topic
Opinion:No Opinion
Price:0.39
Nice rise
Thu 16:40
Not sure what’s going on but let it continue :)
share_talk
Posts: 1,256
Off Topic
Opinion:No Opinion
Price:0.39
Share Talk - Twitter
Thu 16:39
#ALBA @FirstEquityLtd issue buy target of 6.0p on Alba Mineral Resources Plc - Find out why here... http://www.share-talk.com/share-news/alba-mineral-resources-plc-aimalba-first-equity-issue-buy-target-of-6-0p/ … #mining #mineralsands #gold #Wales #Greenland

https://twitter.com/Share_Talk/status/941310673614790656

2:15 pm - 14 Dec 2017
Vulcan998
Posts: 952
Off Topic
Opinion:Strong Buy
Price:0.385
there seems to be.....
Thu 15:59
some positive interest in Alba this afternoon.......it would be nice to see it recover ground back to previous highs between 0.7 and 1.0......
Jacksdad
Posts: 1,170
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.37
RE: Broker note
Thu 15:54
Love this share....diverse portfolio of modern and traditional resources...with huge growth potetial...some production from Brockham will alleviate cash issues and the SP could fly...
Albinio74
Posts: 129
Off Topic
Opinion:No Opinion
Price:0.365
Broker note
Thu 15:28
Good to see something like this although never sure how much impact these notes have. JORC for Thule in the next month (week or two if possible) or so would be great.
SParish
Posts: 10
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (8)
Broker research on Alba part 2
Thu 14:41
Rest of those main paras from First Equity research note on Alba:

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in Alba’s share price is undeniable.

VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note
uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The
Horse Hill licences are valued using independent published technical data from
Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own
assumptions on recovery rates, oil discovery value, resource and development risks
factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived
for Horse Hill.

Given the similar geology and economic potential of both TBS and Dundas, we have
adopted a risked closeology valuation approach, by computing an NPV for Dundas of
$223m and then applying a three-tiered risked probability calculation to arrive at a value
of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS
and Bluejay its Feasibility Study results, this number is likely to be revised upwards very
rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder
value.

We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which
4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth
of valuation catalysts anticipated across the project portfolio in the coming months, we
recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential
15 times plus uplift from the current share price.
SParish
Posts: 10
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (6)
Broker research on Alba part 1
Thu 14:37
First Equity have put out a research note on Alba this morning - FE have tweeted it on their Twitter page and it has been picked up by Share Talk among others. Main paras cut and pasted below and in next post:

Could Thule Black Sands Be The Next Big Heavy Mineral Sands Story?

Alba has made significant progress over its project portfolio in the last 6 months. The
most notable achievement is the advancement of its ilmenite project at Thule Black Sands
(TBS) in Greenland. The licence was granted to Alba only last August and the Company
is now remarkably aiming to define a maiden JORC resource in the near term. The swift
progress at TBS, and its close location to Bluejay Mining’s (Market Cap £172m v Alba’s
£8.4m) own ilmenite project at Dundas, has been completely overlooked by the market.
Two major newsflow events, expected within the coming months, could soon change this
perception. On top of this, Alba has added a new gold project in Wales at Clogau, from
which premium branded gold could be produced. Recently ten gold nuggets and flakes
previously mined at Clogau were sold at auction for x21 the current spot gold price. We
also await further newsflow events for Alba’s UK onshore oil projects.

PROJECTED NEWSFLOW
➢ Maiden JORC ilmenite resource and exploration target at TBS being worked on in
the near term.
➢ Feasibility Study results in Q1 2018 on Bluejay’s project should read across directly
into TBS.
➢ Extended flow tests at Horse Hill anticipated to commence Q1/Q2 2018 to
demonstrate commerciality of Kimmeridge and Portland pay-zones.
➢ Oil production expected to get underway at Brockham in Q1 2018.
➢ Exploration results from new Clogau gold project in Wales.

CATALYSTS TO VALUATION
❖ Two significant near-term valuation catalysts could drive the share price forward. The
first could be the announcement of a maiden JORC resource and exploration target at
TBS. The second event is the release of the Dundas Feasibility Study which could
provide a direct read across for investors to TBS and its own economic mining
potential.

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in A
nookie
Posts: 1,469
Off Topic
Opinion:No Opinion
Price:0.36
RE: ALBA
Thu 14:10
hope it goes up beyond expectation and stays there!
Dropzone
Posts: 5,053
Off Topic
Opinion:No Opinion
Price:0.36
RE: ALBA
Thu 13:48
Could be a long wait nookie.




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