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Alba is IMHO now the best value on AIM. But don’t take my word for it. Read up on it.
A world class gold mining project with proven history in a stable cheap to access location with a massive premium on price of Welsh gold of $4-5k per ounce.
A share of a billion barrel oil project onshore in the UK already producing.
Assets in Greenland which are on a par with a nearby company’s assets - Bluejay which has a value tens of times that of Alba.
And even more assets in Ireland.
Holders of Alba talk of a realistic value as 2.5p. It’s far higher than that when you consider the value of all these assets.
I’m continuing to hold. This should be way way higher than it is and with all
The global uncertainty, every asset in itself is worth many times the current value and the gold asset alone should have this worth many pence.
Read up on it, don’t take my word you don’t need to.
3 weeks until Decision on HH production wells
Anyone wanting to buy our HH share better act quick .....
Link to their website
http://albamineralresources.com/
As a matter of interest, the exercise price and final exercise date of outstanding warrants and options as at 30/11/18 (note 16 to the last annual report):
No. of warrants Exercise price (pence) Final exercise date
15,000,0001 0.3 pence 18 September 2020
20,000,0001 0.3 pence 27 March 2021
2,000,000 0.3 pence 28 May 2021
51,000,0002 0.3 pence 27 March 2021
15,000,0003 0.4 pence 27 March 2021
60,000,0003 0.4 pence 13 January 2027
5,000,0003 0.7 pence 1 Nov 2019
113,904,7614 0.42 pence 27 March 2021
60,000,0004 0.42 pence 2 May 2028
341,904,761
Perhaps the mention in the RNS of possibly selling our share of HH has caused a bit of selling activity. Personally I don't think it's a good idea. Who knows how much income this could bring. Seems like the gaffers very keen to get the gold mine up and running and his priorities have changed. If so, lets hope he's correct.
Posted again, after cleaning up the numbers of warrants/options for the numbered references to footnotes at their end:
As a matter of interest, the exercise price and final exercise date of outstanding warrants and options as at 30/11/18 (note 16 to the last annual report):
No. of warrants Exercise price (pence) Final exercise date
15,000,000 0.3 pence 18 September 2020
20,000,000 0.3 pence 27 March 2021
2,000,000 0.3 pence 28 May 2021
51,000,000 0.3 pence 27 March 2021
15,000,000 0.4 pence 27 March 2021
60,000,000 0.4 pence 13 January 2027
5,000,000 0.7 pence 1 Nov 2019
113,904,761 0.42 pence 27 March 2021
60,000,000 0.42 pence 2 May 2028
341,904,761
Does that mean the warrant holder loses 0.14/share if the SP stays the same on 18 September 2020 (£21000)?
In those circumstances, it means the warrant won't be exercised, because, yes, the warrant holder would be paying over the market price.
ie, the exercise prices have been set on the assumption that the market price of Alba will comfortably exceed those prices by the final exercise date.
Thanks Ocelot. I didn't know that. What happens after that? Does the warrant get extended?
No, it expires.
I don't think there can be any doubt that Alba's share price has been treated more harshly by the market than management anticipated: the placings subscribed by the directors earlier this year were effected at 0.30p.
Would I be right in thinking that if the first warrant was exercised it would put £45000 into Alba funds but also add 15million share to the total amount of shares currently in circulation.
Hopefully they don't exercise the warrants and we're not desperate for £45000.
There are 3,526,601,946 shares in issue, so an additional 15m is marginal.
Personally, I certainly hope the share price at the time means the warrants are exercised!
You got a good point there. 15m a drop in the ocean. It would be nice to get some of the gold out the mine. Even just a few ounces to start with. Like about 10000 or so. Lol
Clogau is in the books at £1,134,432 - there is definitely room for this to increase!
As a matter of interest, at 30/11/18, net assets were £10.1m, so a market cap of £6.2m offers a 39% discount to this figure.
PS: given that Alba have used the words "huge" and "enormous" in relation to Clogau's potential, think Alba should be trading on a premium, not a discount, to book net assets.
PPS: book net assets = about 0.285p per share at 30/11/18.
Behind a wall, unfortunately.
Agree
More so with current run on gold and sp explosions other companies are experiencing
Give it a chance for a few more weeks....
2x 5m trades at 0.18p on NEX at 09:59.
2m sold on AIM and the bid drops 0.15 with no sells on NEX. 10m bought on NEX and the bid only goes to 0.16. Why has the bid not went up to 0.19?