Alba Mineral Resources Share Chat (ALBA)

dsfat, hope it helps our share price, all I ever see of late is it drop, 10 bagger Ha Ha

From RNS:
Total Fundraising of £11.5m at 10p per share to be completed in two phases:

o Firm placing of £7.5m ('Firm Placing'); and

o £4.0m subscription by Greenlandic and Danish Government investment funds; Greenlandic 'Greenland Venture' and the Danish 'Vaekstfonden' (the 'Subscription') demonstrating a solid endorsement of Bluejay's in-country activities

This should help GF with Greenland project talks....

Let’s hope dsfat!
If nothing else, they have managed to teach others how not to make an asset go from 0.60 to 0.17
Fingers and toes crossed for good measure... need all the luck we can get!
HH needs to flow big to get this going.

https://twitter.com/WealdOilers?s=20
HH update by Weald Oilers

It's been 2 1/2 working days from Clogau RNS so unlikely they have done much yet ;-) We should see images on Twitter when they get going imo
HH2 success in the coming days/weeks and things should begin to look better here.. Hopefully A Lot Better !
Fingers crossed

Has it been two weeks yet? We should get some results soon.

Anyone for another 2% down again today here ?
That’s 10% a week -
OUR BOD REALLY DO NEED TO WAKE UP - and monetise what we have!!!!

Look after your b l o o d y shareholders!!!!

https://twitter.com/Adrianwfire

I’ll wait for HH results before I get further annoyed by this. Alba are always ‘pleased’ the raise money while diluting PIs 5-10% once or twice a year. Add ramping conmen and negative sentiment, you get to where we are now. Let’s hope for the good results we are led to believe are coming and trust Alba’s judgement. Fingers crossed.

Going down again, sick of this , 10 bagger??? if only

Send the link to Alba Twitter account, might put a rocket up there a×××!!!

https://www.prnewswire.com/news-releases/massive-graphite-shortage-looms-over-electric-car-future-652471503.html interesting article about the forecast increase in graphite demand, and Albas offering is purported to be world class. Now if only we could get it out of the ground and sell it...

Will see if millions of buys/sells flood in, or like usual nothing much happens. Haha

That must be a code!

It just needs HH to flow as well as expected then we should start to tick up. We don't have the millstone of a payday loan company like Ukog so we ought to outperform them on any good HH news.

Jeremiah, sounds so simple, I can only dream of that coming true, to reduce my loses would help for a start, hope you are right, fingers crossed

Yes, I keep saying that once we get a CPR on HH after flow testing for a while, 11%+ of the recoverable oil down there can be attributed to Alba. Not sure of the value of each barrel in the ground though I believe offshore is around $3-$5? So I would like to think $7-$8+ for our sweet, cheaply drilled HH oil? Lately there have been hints that there is more connected oil than first thought. I would hope that the Portland zone alone would give Alba several million barrels, which would then translate into several multiples of current s/p. If the Kimmeridge, being 10x bigger can also be shown to hold proportional amounts of recoverable oil, then we ought to be many multiples of our current s/p. Once in the ground reserves are attributed, non equity finance can be raised to progress our other projects. So again, IMO, it would be daft to contemplate a sale of our HH stake prior to a CPR. Of course we are not experts nor privy to inside knowledge, so maybe things are not as rosy at HH as Ukog paint them to be, so if it turns out that we do sell our stake there we have to assume our own oil guys are less than confident of the longer term prospects.

dsfat.... selling the only possible money generating asset may be a bit daft - as HH shortly goes into full time production - he can simply use our share of profits (could be as much as £2m per annum) to firm up all of our other assets with this cash?

Where our SP is now is so disappointing for what we have - I await to see the BODs net move - I hope they try to monetise next at least!!!

AIMHO

Looking back at UKOG YA RNS this provision stuck out:
'This Loan agreement also provides for further funding on the same terms of between £3.6 million and £4.5 million dependent on the operational performance of the Horse Hill asset.'
GF has previously stated he wants to be in control of destiny and after Brockham I have a feeling he may have lined up a deal with UKOG so he can sell HH, drill Amitsoq, drill TBS and get Clogau up and running..
My guess is £4M cash plus UKOG shares and GF can get all three moving next year..
All imo of course but YA provisional funding in place for UKOG would make sense..
Any thoughts ?

Dsfat, excellent summary as usual. :)

Alba time is fast approaching. IMO next year is going to be very interesting. Hold tight.

Parsley2 that's quite funny..
I think Alba could hit 1p soon and here's why:
11.765% of HH where HH-2z is now being prepared for an extensive extended well test ("EWT") programme, expected to commence in the coming weeks. The EWT, which will include the use of a high-capacity/high-rate downhole electric pump or "ESP", is planned over a minimum 90-day flow period, following which HH-2z and HH-1 will be retained and converted into long-term oil production wells.
UKOG have circa £8mm of YA debt to shift making them very unattractive at present even with HH-2z and HH-1 operations coming to fruition which opens up Alba as the only other HHDL partner likely to rise on good news (DOR asx trading is expensive and they only hold 4% of HHDL)
So investors must be considering Alba on HH alone.

Commencement of Maiden Drilling Programme at Clogau Gold Mine could deliver some interesting results given they have been modelling for some time they must hold up some degree of optimism. Wont cost much (funded) and wont take long (couple of weeks) so another reason for new investors to like Alba's short term prospects.

Greenland very much in the news with US meeting with Denmark last week and rapid Greenland climate change warming up Alba's projects: Thule Black Sands, Amitsoq, Inglefield and Moritsoq.
https://www.euronews.com/2019/11/15/greenland-airport-becomes-latest-victim-of-climate-change

Other factors that might encourage new investors to Alba could be UJO £5mm placing and UK fracking ban which has affected the likes og igas..

So good HH-2z results, some Gold in Wales drilling and a deal on Greenland asset (TBS is my guess) and 1p would be gone (by Christmas I think was my prediction :-)

imo of course but it feels like things are starting to align

By the time this hits 1p, a penny in real terms will be worth less than current SP !

At least the spread has closed.

https://twitter.com/WealdOilers

I decided to add some more ALBA, in anticipation of the upcoming horizontal flow tests for the Portland at Horse Hill.

And also for the gold drilling too.

Fingers crossed for good results!

jmo