Member Info for Albinio74

Interesting tweet from them today suggesting they will updating the market soon - could also bode well for Alba if good news.

Check out @BluejayMining’s Tweet: https://twitter.com/BluejayMining/status/1022280425098633216?s=09

All seems good - all on target and following news of kyzyl being ahead of schedule - hope these push on back towards 850.

That is the key for me, when DCB allows essentially the same function/options as a credit card - spreading costs as well as convenient no hassle little monthly payments. I see little to stop them being able to do this.

Probably not top of most Alba holders lists but there is also drilling in Ireland, one of which has to be completed and reported on by December 2018 to meet licence terms (they have identified 5 Zinc targets)

Also info on further exploration of Inglefield - A decent cobalt find there could dwarf everything else.

Perfect storm stuff of course, but we can dream eh.

It is more like an imaginary bone.

You are probably right - my feeling was that he was being a bit tribal or had the hump because Alba were getting talked up on the UKOG board.

I just hate leaving nonsense stuff clearly intended to put some off a share unchallenged but imagine most can see through it all without my ramblings.

As explained multiple times to you, the money raised by ukog does not really cover the valuation disparity - that is blatant.

We all know Alba will need to raise money in future but it is likely to be from an advanced sp compared to now.

If they do spring a surprise raise to speed HH development it will be in response to continued good HH newsflow, so the sp will most likely respond accordingly.

They are fully funded for all stated 2018 activity across all licences - Greenland maiden JORC work and environmental study, drilling in Ireland, planning and exploration work at Clogau and further exploration work at Inglefield.

We don't yet know how much HH will cost against the oil coming out of the ground and being sold.

So yeah, we are pretty much where we were, Alba is very much undervalued compared to UKOG.

Align state in the article they have a vested interest in Alba. The article raises some interesting points but does brush over some significant details, so not an objective piece without bias.

* does not need saying 50 times

Yeah agree probably OGA - did GF state that, i may have missed that, never seen so many interviews with him!

I think these micro cap companies have to be flexible and box clever so never write anything off, but there does seem a concerted effort since Friday to cast doubt re funding.

Billy bob basic stuff that does need saying 50 times. May as well say if you stand in lava your feet will get hot.

They should raise when they need to. But not always perfectly predictable in my view.

Alba did the two 0.3 raises i suspect due to oga requirements. Or approached by Spreadex and took an opportunistic coffer top up.

Raising dosh is not always a choice where the company says hey guys we need a couple of mill please pay here.

They need an appetite from somewhere for that. So if approached maybe they take the cash if it fits the long term game.

No way Alba initially set out to do 2 fund raises so close together, so something happened.

So i do not discount near term fund raises if it suits objectives and fits with news flow e.g. wow hh testing amazing, tbs jorc 400m - we have taken 5m ii placing to fund hh2 and next stage of tbs - but this would all be against much inflated sp in tune with news.

However they need no money for HH tests and current stated activities in 2018 and in comparison to UKOG, regardless of recent cash banked, they are substantially undervalued.

It is pretty much a fact.

Yep permission in place. Had only thought sidetrack permission given.

Don't expect costs to rocket though with so much on site and not sure but may already be covered by cash in the bank, maybe required by OGA (rumoured to be delay of HH approvals) and of course this ignores any funds raised from extended testing.

Just to clarify, Alba need no money for other stated activity until 2019

UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) is pleased to announce that it has been informed by Horse Hill Developments Ltd ("HHDL"), the operator of Horse Hill licences PEDL137 and PEDL246, containing the Horse Hill-1 ("HH-1") oil discovery, that on 18 October 2017 Surrey County Council's Planning and Regulatory Committee granted planning permission to enable HHDL to carry out extended flow tests at HH-1, plus drill and test both a sidetrack from the existing HH-1 well and new borehole HH-2. The committee voted overwhelmingly in favour of HHDL's planning application.

DHC - think more planning required for HH2 - Alba are fully funded for current 2018 commitments, and have had to show that RE HH for OGA approval.

Cant see HH and Brockham combined funding all their interests but good news will certainly fire the SP and narrow the spread making fund raising and attracting new investors easier.

UKOG is a pure play and of the Weald concept plays out as hoped they clearly have the most upside connected to that.

But near terrm upside purely in HH Alba appear to have some catching up to do in terms of valuation and some may find their risk spreading diversified portfolio as a plus, not a minus.

Just my opinion of course - imagine a fair few have interests in both and other Weald connected parties.

People seem to be struggling with some very simple points.

If HH is a great success (much still to prove) then Alba can raise funds for further HHDL involvement from a substantially inflated mcap. It is pretty much impossible for HH news to be fantastic and the SP to stay where it is.

If HH does not deliver quite what is hoped for then we all have problems but we will look to TBS, Inglefield, Clogau and Ireland for near term news flow to counter such a scenario.

They are very different companies but while news flow and SP is pretty much all HH driven it is logical for the value comparisons to be made.

I prefer Alba because it appears hugely undervalued and the diversified portfolio helps manage risks.

Just my opinion of course.

Alba are fully funded for stated near term activities.

Establishing a maiden JORC at TBS and initial environmental studies.
Drilling in Ireland.
Initial exploration around Clogau and the start of the planning process.
Further Inglefield studies/exploration
HH extended testing.

Previously unstated activities are not covered (increased GMOW stake through dilution)

Unsure if further funding required from Alba once Brockham permissions ironed out but with the sidetrack already there and already being a production well, at 5% should be minimal and possibly already covered.

They will need to find more cash, sell off assets or look to JV arrangements in 2019 - that is fine and expected assuming the sp and assets are significantly progressed this year.

2019/20 potential for significant income to come from HH and Brockham.

I would think realistic if decent pockets of gokd2 found for income from Clogau in 2020.

WO is prone to these outbursts. Look through his posting history, loads of normalish comments then skittish outrage.

Check out @AlbaMinerals’s Tweet: https://twitter.com/AlbaMinerals/status/1020255756745134080?s=09

on the lse top risers board - can't do any harm to get some extra attention

I seem unable to call price movements - will have to read rns again as cant grasp price drop.....

Some will have picked up shares in the 0.2s and have different objectives so cash out.

May also be some longer term holders that have been unhappy and trapped below entry price around 0.4s taking the chance to come out.

I think over the next few months the SP will be driven by new investors coming on board as the story develops - assuming things go well.

Gerry - in a nut shell Alba won't be trying to raise 20m against a 12m mcap.

If HH goes well, if Brockham permissions are ironed out and the sidetrack there is as promising as they hope, if TBS delivers a great JORC and if they find that magic mineral Cobalt at Inglefield the mcap will be way higher than it currently is.

Also there seems to be an above average chance Alba can hope for significant income from HH and Brockham by 2019/20.

So in short a decent income stream and inflated mcap with further developed licences = much easier fund raising if nothing sold off or no JV materialises.

Bluejay did not raise 17m when their mcap was 18m for example.

Although i do have shares in Microsaic and they recently completed a fund raise above the mcap at the time and the sp has held reasonably well.