Member Info for Albinio74

I get the impression they want to totally own Clogau and do that themselves.

HH, they will hold while the story looks good and they can afford to contribute to the development.

Brockham seems the most likely near term sell if Angus can get some oil flowing soon.

Limerick, you get the feeling that if the drill results are good they will want to move that on. Fingers crossed.

TBS will end up needing 10 or 20 million spending on it to become a "mine" and be in the same ball park as Bluejay, so will surely eventually need a partner.

Same at Amitsoq.

Melville Bay, no idea on that to be honest.

It may be that if HH plays out as hoped that could be worth some serious money and allow another project to become entirely Alba's if sold, trading out of oil in a year or two for a graphite mine might not be a bad direction to take the way the world is going.

To be fair, other frustrations aside, they have achieved a lot very quickly with TBS. Hoping they can now capitalise on it and that the market takes some notice.

Been frustrating but the sector (small/micro cap exploration companies) generally not had a great 12 months - some positive speculation used to go along way with the right exposure but little seems to happen without concrete news and numbers these days (as it should be really)

Still some Qs over funding, so a raise could depress the sp further, but not by much I would hope, as such a low mcap already.

But a succession of good news that adds come certainty will move this quickly - TBS Jorc and HH planning (now June!) seem the short term best hopes.

I don't think Limerick permits will initially do much but good drill results may add interest later in the year.

They do seem very motivated by Clogau - not sure myself but have noted how much they seem to be focusing on it, perhaps something unexpected there could be an sp boosting catalyst.

The one for me is Amitsoq, evryhting looks so good on that project and Graphite going to be in the sweet spot for the next decade or two, no further mention of talks with partners but clear intention to drill and get a JORC compliment resource estimate - maybe potential partners have said no go without that in place, which makes sense.

More good news from Jay (SIA) and the wording seems very encouraging for development in the wider area.

I don't think it matters they are involved with unlisted companies, their share of the projects are legally structured, no different to a JV with a quoted company.

The market either reacts to news flow or doesn't - the recent news flow has been good but lacks teeth/detail - been a choppy market for small Aim resource companies for a while, so big sp moves likely to need more concrete info I think.

If we get continued good news with added detail and little to no upward sp movement then I would be left scratching my head.

Perhaps bigger moves require not just a proof of value in a project but also proof of concept in selling it on or generating sufficient income to take on larger scale projects.

Either way happy so far but accept there are variable interpretations of what success means in non linear company like this.

Apologies - should read my posts more carefully, danger of using phones I suppose, typos all over the shop there.

Bluejay are a couple of years ahead of our TBS project.

Also they have upgraded their resource esrimtates several times now and and their area is a bit bigger than ours I think.

However their SP was over 25p a year ago (just over 200m mcap) and our initial 10km being used for the resource estimate seems to compare well with the area and drilling Bluejay used for their initial JORC.

So combined with the recent good news flow from Bluejay (some of the EIS wording posted on this board) I think we can be hopeful that strong results comparable to thier maiden resource estimate should shift the sp significantly, but I doubt very much doubt it will be it that kind of level initially.

We would need to get a greater understanding of wider potential of the project, imminent plans there, funding and is permafrost an issue etc.

I would say that is a pretty clear nod to selling off weald interests rather than a raise..... Or a way of saying to investors it is one or the other.

Hope TBS meets expectations, although not sure on the "maiden resource assessment" terminilogy

Glad Amitsoq getting more coverage again.

I particularly like the "as well as the broader region" bit.

Hoping our BOD have been playing clever on TBS newsflow, waiting for Bluejay to deliver a positive EIA so they could tap into any wider positive sentiment (I know they are supposed to deliver market sensitive information as and when available to them, but a bit of stage management surely allowed within this).

Heres hoping anyway.

If they can follow up this with a few interviews and decent social media coverage before dropping some great TBS and/or Amitsoq news that really would be great.

They do seem to be in near radio silence at the moment. Not even bothering to tweet - hope something (good) in the pipeline.

Must be due an update on summer plans for Greenland, TBS results, potential updates on interested parties for Amitsoq, permits for Limerick, funding/finances etc.

Yes that makes sense

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ALBA&ArticleCode=6az33qjy&ArticleHeadline=Conditional_Acquisition_of_Further_Stake_in_GMOW

Shares were in play from late August in relation to the 7 month lock in.

Saying that small explorers have not been having a great time of it since late last year - concrete very positive news the only drivers now, interesting speculative info not catching the interest of the market these days.

I have some similar shares that have delivered very solid news with little market reaction.

I gave up listening on my phone - couldn't make out anything Malcy was saying, any interesting points raised?

https://roskill.com/market-report/natural-synthetic-graphite/

Let's hope those talks with interested partners for Amitsoq are going well.

Isn't it - no idea what to make of this.

he doesn't know what you said, he wisely filtered you.

Fascinating input as always though - thanks for contributing.

The number of shares is irrelevant - i see this point crop up on a umber of boards and it drives me mad.

Penny shares at low/mediocre market caps will have gazillions of shares, but do you know what, so do Lloyds!

Melville Bay barely gets a mention these days by Alba so I never really give it any thought, would be surprised if it now had some activity around it but interesting you have noted the website update for that project - perked my interest.

If you invest in a high risk exploration company with no income, you know that until significant income is generated there are 5 options. You also know short term returns are unlikely so you may face a prolonged period of time under water if you have not timed your entry at the bottom.

1. sell off projects (usually only viable and of significance if you have developed them to a point they seem attractive).

2. JV / farm in - yes please, Amitsoq maybe, but again always a chance you won't find any interested parties as fast as you would like.

3. Take on debt - doesn't usually end well unless there is a specific short term objective that will cover the debt and then some.

4. Issue more shares

5. Go out of business.

So far no JV partners, no offers for projects, debt unlikely although HH income could be used to borrow against to some extent. Income not substantial enough to fund project development, so we are probably left needing fund raising issues to develop the assets.

If I buy into a company like this I may hope for 3-10 times what I paid, maybe over 2-5 years, so if I believe the assets have that potential and the company is nudging them along in an acceptable way then I do not care if I end up 50% + down at some point, if in the end I might still realise a big return.

If I lose faith or think I have made a mistake I sell.

Maybe some would be better choosing companies that are focused on one project - probably better chance of faster progress but a s#*t or bust outcome.

Horses for courses.

The bod could do a lot better on comms and pr, agree Clogau was not needed at that time but otherwise mostly happy with the asset mix and progress. It is what it is.

Perfectly understandable but you mention TBS specifically.

They have had the back end of the 2017 summer season and 2018 season and have achieved a lot here in my opinion.

We could be just a few weeks away from a maiden JORC of significance of results are good, for an asset not even held for 2 years.

Obviously none of us know if the news is postivive but you can't say they have not progressed this quickly, and as I have previously posted, more or less in line with timeliness managed by Bluejay before their maiden resource estimate.