Member Info for Albinio74

Retain a core holding here, but not adding at the momente. Running on fumes basically hense the Greenland operations being suspended until next year.

HH up for sale, won't be a premium price though as anyone offering knows they need the cash (unless they get multiple interested parties)

Clogau seems to offer them best chance of financial return on small investment but really not sure how they get any of these projects over the line from here, limited scope for fund raising and loan options I would have thought - HH sale might allow them to progress things to a point a JV or two becomes viable.

Still, staggering potential v sp, Amitsoq and TBS could be amazing ventures for them.

The constant shifting of focus and not quite sticking to plans has left me feeling a little uneasy.

So not unreasonable to think mid to late September/October would see the conclusion of this process and whatever it might bring, but not out of the question to be still going approaching Xmas.

Really pleased with progress here, seemed a no-brainer they would increase their holding at WN, nicely timed during testing to add some confidence and hopefully wider market interest.

Pretty sorry state to be honest, writing on the well after the dire response to the TBS results, the RNS yesterday is basically saying we are running on fumes IMO.

Hope something comes good soon but seems to be very much in the hope than likely category for me here now.

However don't give Parsley2 (Whatsoccurring - Dropzone) any attention - lost 200k, what a load of.

Last year he was on here saying he had a million shares, totally exposed after forgetting this and claiming he had 35m shares - so changed his name to still pretend he has 30 or 40 m shares. Ridiculous poster not worth anyone's time.

This is frustrating and I am still gutted by the market response to the TBS maiden JORC as I had seen that as a major milestone.

You can't say nothing happening with the assets though - what they have achieved at TBS in less than 2 years with seasonally limited access is remarkable. As well as finding some very interesting indicators at Ingelfield.

I feel similar about Amitsoq, if the drilling goes well there and we have another significant JORC asset on a shoe string it deserves some praise.

We are awaiting drilling results at Limerick - might throw us a bone for an outlay of 50000 euros - come on.

Their strategy with HH in terms of coping with huge delays (UK for you) and funding issues has been very smart as dsfat has highlighted below.

Brockham is not their fault and neither is the surpressed sentiment plaguing micro cap explorers.

I do think it is fair to question their ability to cultivate wider PI and II interest.

Fair enough to ask qeustins about Melville Bay - never understood the handling of this asset, just a foot note they highlight from time to time when they want to bring up the fact it has a JORC compliant resource estimate.

Think it is fair enough to question going after Clogau with other assets clearly needing time and resources, especially as been through so many pairs of hands with nothing being achieved (but even here they seem to have used their time and money well, if they can actually get any gold out of there).

I get everyone's frustrations but from this sp, if 2 or 3 of these projects come good we are laughing, if one does really well, we probably won't lose anything.

Results, partnerships and cash calls are the deciding factors here now, I don't think they have mush room for bad news but enormous upside with positive outcomea.

Still think Amitsoq is the most interesting asset, just hard to shake knock of the muted response to the TBS maiden JORC.

The sector (micro cap E&P) is surpressed and sentiment further hindered by the the shadow of future cash calls, the Brockham debacle and what seems wide-spread cynicism of Clogau.

If HH news really cracks on or exceeds expectations I think that might overcome some of the issues and spark this into life. I don't think Limerick results will do anything initially for SP, but may give them an asset they can sell on if news is good (removing concern over short term cash calls).

But I am really keen to see news on Amitsoq drilling later in the year and the potential for partners, and further plans for building on TBS maiden JORC.

Of course developments at Clogau could catch the market cold, maybe there is a reason GF and co are so into that project - maybe that will prove to be more of a catalyst than some of us have given it credit for.

Forever hopeful.

Been a really solid company building itself up, this sp seems way way too low, but they seem to have absolutely no interest in promotion to investors retail or IIs. Sold mine here a while back but keep on my watch list, and very tempting at this price.

Good posts dsfat and I am inclined to think the same as you.

I invested here for Amitsoq, and I am still hopeful that is the jewel here, cash is the issue and we had all hoped HH would be the short term answer there, we will see I guess.

Maybe adding 2 and 2 to get 5 but I am hopeful that the mention earlier in the year of potential partner interest in Amitsoq and the decision to prioritise that project for drilling this summer (aiming for a JORC compliant resource estimate) are connected.

I suppose if you put a negative spin on it, you could argue it casts a little doubt on HH, where there still seems to be a bit of ambiguity around the Kimmeridge production there - all pretty much Portland so far in the tankers isn't it - if loads of both apologies happy to be corrected.

Significant, but temporary.

If you trade alot IG drops the fee to £5

Ihadanideaonce - I know what you mean to an extent but to suggest there is no room for stage management in terms of the timing of RNS releases is more of a fantasy.

Indeed, not to mention the environmental negligence lost in the actions of the green brigade.

Import oil and gas instead of utilising local deposits, which has no effect at all on demand, being largely essential rather than discretional use in context to modern living, thus increasing the carbon footprint of getting it here and increasing the risks of spillage.

I think most of us appreciate the need to move to a greener economy but until ideological purists manage to grapple with reality there will always be Ill informed opposition to UK oil exploration and production.

Crypto definitely not worthless, but not something I feel confident enough to dabble in.

Peak oil no where near, and even when EV cars rule the roads in 20 years oil will still needed in a multitude of ways.

Even then low cost operators like Amerisur will be in advantageous position, covered in BP report a few months ago - will post if I can find it.

By which time Amerisur will have been snuffled up by a bigger operator so little relevance to us here and now.

Sentiment in the sector certainly dented at the moment but the commercial reality will kick in and sentiment will return to the O&G sector.

Wouldn't products made in China for the EU market also have to satisfy these rules?

Would seem odd to disadvantage companies within the EU while allowing imports to sit on the shelves to that are not compatible with the rules.

Part of the EU mission isn't it, mix morality with commercial interests to effect the wider world.

For example one of the possible outcomes of Brexit would be to import meat not allowed in the EU - the famous bleach cleaned American chickens.

I would say that is a pretty fair assessment Bladesharp.

I think they have put together a great set of strategic assets on a relative shoe string, particularly impressed by the rapid progress at TBS but unless something totally unexpected comes in (JV / asset sale) hard to see past a short term dip to take on a fund raise.

The HH and Brockham hold ups have probably hindered their strategy - still think long term there is something to this company and despair at some of the drivel that gets posted here showing a woeful lack of understanding in what investing in exploration companies means.

But can't blame anyone for not piling in now or selling a few, despite looking so under valued.

An interesting article explaining just one of many areas in which Ilmenite will continue to valuable.

https://www.2lt.com.au/titanium-is-the-perfect-metal-to-make-replacement-human-body-parts/

Wish Alba were more proactive talking up the importance of the materials that sit within their projects to help develop more investor interest in the potential of the company.

They seem to struggle beyond the RNS project updates to understand how to excite the market and more annoyingly don't seem to grasp the value of it.

That is a good read and I think one of the issues faced by synthetic graphite is that it is not particularly eco friendly, so where graphite is required as part of a transition to green energy, natural flake graphite will be favoured.

An interesting link here expanding on China's interst in the artic

https://warontherocks.com/2019/05/chinas-multifaceted-arctic-strategy/

Thanks for sharing - no doubt you wont be investing here then and we won't benefit from your wisdom again. Don't suppose you have 35m shares by any chance do you?

Certainly potential to go lower here as the funding issue is still looming, and can't help but think the recent flurry of good news was partly designed to lift the SP for a better raising point, the market has not responded all that well (understatement of the year)

But there is no denying all the projects are progressing and that the recent information released has been positive, so if there is to be a further SP slip to achieve a fund raise, the long term potential seems to be intact and getting closer to being unlocked.

I think the overall situation has been really held up by the infuriating delays at HH and Brockham, even though HH looks to have gone really well, it is still not an asset we can attribute a specific value to.

On the link below it suggests if the gas comes in it increases the chances of success with the oil - am I misreading that or is there something to it (possibly only a very minor consideration)