Member Info for ALB1

Either that or they plod on?......lets see what happens in the next weeks....will we be totally wrong, or correct in our assumptions..

Profit would have been around £12m without weaker sterling, fuel and carbon price probs so a tie up /merger takeover may suit someone who can exploit the synergies in the businesses. 'While the Board's visibility on Q4 revenue is limited at this stage, it is now estimated that the full year adjusted loss before tax will be of the order of GBP12m (2017/18: loss of GBP19.2m(4) ), including the benefit of a c. GBP10m onerous lease provision release. This includes an estimated GBP29m of adverse year-on-year impact from weaker sterling, fuel and carbon prices'

Sitting duck is true, and very undervalued however a change is possibly required... my other thoughts are will the II's allow a future rights issue to see things through or do they let it go to a bidder (if one there). They currently have great assets and routes etc etc and have been unlucky not to make a healthy profit really (currency etc). I dont think they need cash at present however maybe in a year or so if they are unable to strip costs further or things improve. A takeover/merger may be the answer for someone as the savings for another group would probably create an immediate profitable coy. Will the BOD see it that way though?..

Agree Oilbell, at first i thought shorts,,but it isnt. Was the Dreyfuss Nathan Capital Investment II selling out, they had under 3% left on the 17th and probs out now or nearly. If you noticed from yesterday someone was taking 400k & 500k chunks from them, same today. The other blocks of 2000 trades todays were Dreyfuss finishing dumping for me...

Oilbell, crazy sp action this week, all on fear and a distressed II holder selling out. I agree with you that even with discounting for forward losses the sp shoud be nearer 30p ps. Bid coming??.. would not be surprised at all.

Was £93m.. thats 42p ps. This is assets, cash minus debt and other fixed costs such as aircraft maint' etc etc. Current sp of 15p say is way under the NAV,,, however thats the markets for you!!.

May lose a few pence more however at these levels i would not be surprised to see a 35p to 40p offer. NAV is 43p alone.

Thats the prob here, $400,000 per month means only max 3 months of cash left.... current MC at £5m will soon be £2.5m and lower...we have been screwed!

EM say show us the finance first...the financiers say show us the agreement first....

What a shame as the benefits of agreements in this are huge....

Goes to show how big an asset this is.....seems as though EM realise this hence no forma action !... EM would lose out big time..

No,.... its called reality!!... if there's no settlement of court case or agreements on the dispute then what do Copl have???..the MC would then be revalued to show this!! and theres a long way for it to drop yet! A MC of 3m means an SP at 0.013

ART has his pay for the foreseeable whatever happens,,,and many ££££ of it to.... i would not be surprised to see a RNS stating suspended here..

I am considering a purchase of around £3000 worth, 1m shares tomorrow, if this does work out, agreements, funding etc etc then i expect a rerate / 5 bag minimum. It would actually 10 bag easy on oil flowing....

mannnan, they need another big pocket for PT5b...... now OPL 226 is a different story and could be transformational.

No one knows the current state of affairs on here,,,however if OPl 26 comes into fruition then boooom, probs a ten bagger,,,,if not then there may be some residual value left.

This may be a once opportunity and multi bagger.....or not.... If all the pieces do fall into place tho'....its a minimum of a 5 bag and probs be a 10 bagger in time... 20000 plus bopd is huge!!

Maybe is a target for someone...will the big 88% II holders let it go at these levels though. Assets worth more than 4p ps share surely....even with some cash burn. Just one of their products could result in tens of millions of dollars in milestone payments alone!! thats without the cold business side, then the research side and other pipeline products...and maybe 25m to 30m in cash after next results.... Makes you wonder if this is a steal?,,,

On open,,,, potential, yes possible ?...however lack of trust now.....

Will it or not....the detailed mine report and customers update along with any jorc info would be the catalyst here. Its obvious that the delay and suspension is also geared round presenting this info. It will ultimately either show the potential is huge and rerate in sp.... or .... the cat will be out the bag and all the positive info from last year will have been hope..... not long to wait....