Member Info for dsfat

GF recent presentation at Proactive with HH Kim raised in Q&A:
https://twitter.com/AlbaMinerals?s=20

So a couple of things stand out from fjjones40's post;
1: Who was the man in the suit ? DL ?
2: Did SS say to ukog shareholders 'Patience' or 'Patients' ?

I can imagine 1000's of Scots rushing out laying face down in rivers all over Scotland after reading that article :-)
'It was found using the method of sniping, which sees gold hunters lying face down in a river while wearing a snorkel and dry suit.'

Info posted by Seadoc on UKOG board;

Investment Agreement dated 15 September 2014

In the event that HHDL requires further working capital, such working capital is to be
provided by all of the shareholders of HHDL by way of loan pro rata in proportion to
their shareholdings. Unless determined otherwise, the loans made will accrue interest
at a rate equal to the Bank of England base rate from time to time, be repayable on the
date falling 30 business days’ after HHDL’s financial year end following such loan
being made and all repayments are to be made on a pro rata basis between
shareholders. If a shareholder does not provide finance as set out above, each other
shareholder shall be issued new ordinary shares in the capital of HHDL based on the
following formula:
Number of shares = shareholder loan contributed by the shareholder/£6,000

It is in:

https://www.ukogplc.com/ul/5b4895ad920f2_AIM_document_130718.pdf

But not until page 171

GF said payment for Oil delivered to refinery was 60 days so there is an obvious delay in cash flow there
EWT is presumably very expensive as is security, legal fees, haulage, on site facilities, storage tanks, insurance and then there is the drilling cost and of course the VIP viewing tower :-)
So basically it's all been spent which is probably why GF said you carry on frittering away the money because we no longer wish to participate in share holder dilution at this stage..
imo etc

& more Oil storage being delivered:
https://twitter.com/Adrianwfire/status/1201490970652631040

Plenty of deflection in todays UKOG RNS..They apparently needed to raise £2M although it seems to be a mates rates placing for a single ii and then proceed to deflect attention onto HHDL partners.
The proposal submitted by UKOG to HHDL partners is anyone's guess but I'm going with; 'look we don't mind carrying your small share of costs but we'd like 1% of your HHDL holding for every £100k you decide not to contribute'
All pure speculation of course..
... If this were the proposal i'd expect GF to come back with; 1/4% per £100k would be acceptable :-)

Greenland is back in the news and Bluejay gets a mention at Dundas:
https://www.bbc.co.uk/news/world-europe-50598898

Clogau - The drill core is being sent to an accredited laboratory for assaying
HH - The rig has now left Horse Hill to signal the end of HH-2z drilling and the imminent beginning of extended testing of the horizontal well. "EWT" start in December
TBS - JAY look to be progressing with RIO Tinto with ilmenite from the same beach as TBS
Alba could give investors plenty of Christmas cheer :-)

This is significant as it is this geological setting of shear-zone hosted quartz veining which is the primary setting for all the historic gold mining in the Clogau-St David’s Mine, including at the Llechfraith mine area.

The drill core is being sent to an accredited laboratory for assaying.

Whilst we wait for something to be thankful for i'm watching an old classic tonight on Thanksgiving..Planes, Trains and Automobiles :-)
If you get a chance to watch it you will not be disappointed..
Gobble Gobble https://youtu.be/nWRxPDhd3d0

I made a Tin Foil Hat when I came out to my family as a Flat Earther :-)
UKOG are stuck with YA and Tellurian dragging them dowm but Alba are not..Come on Alba lets get this party started (sorry any ukogers it's nothing personal )
GF attending Proactive Mining Capital Conference today and sure to attract some interest over the coming weeks with HH, TBS, Clogau and Amitsoq ?!?
Where's my hat ? lol

www.tzmi.com
This strikes me as the event GF should be attending and networking regards TBS
GF New York 2020 ?

Picked this up from Kenmare board:

TZMI CONGRESS 2019 – Singapore - Ti-FEEDSTOCK COMMENTS – Nov 25, 2019

The larger than usual contingent of mining companies involved in Ti-Feedstock and present at the Singapore TZMI Congress 2019 is indicative of the ever tighter dependency between mining companies and producers of TiO2 Pigments and other products. Here are some comments:

>The larger mining groups involved in Ti-Feedstock focus not only on beneficiated minerals (Ilmenite, Leucoxene, NR) but on smelting these minerals into SR and Ti-****, generating higher profit margins.

> Single product mining groups are far more vulnerable, especially sulfate Ilmenite.

> The depletion of producing mines has always been a critical factor regarding the availability of Ti-Feestocks. A shortage of any of them has dire consequences (remember 2010/11!?). Chloride Ilmenite is expected to get tight in 2020/21. Adding to this a shortage of NR explains the rise of off-take agreements to secure long term availability. The Chinese represent today the majority of the off-takers and have pushed the envelope by investing in mining companies up to 5 years away from production!

So TBS could already be attracting interest from China ?

imo etc

Conference tomorrow:
https://www.proactiveinvestors.co.uk/register/event_details/219

UKOG has an MCAP of £70M with 85.635% of HH
Alba has an MCAP of £6M with 11.765% of HH
So based on HH alone Alba should be circa £10M (by my reckoning)
UKOG have other projects of course as do Alba
Clogau drill underway could find the Gold they are after
TBS should come good if Rio Tinto tests with Bluejay are positive
Amitsoq needs drilling
Prediction for next few weeks..I'd expect a slow rise but with HH, Clogau and perhaps news of a JV in Greenland anything could happen..
imo etc

Preliminary HH-2z electric log analysis suggests the horizontal trajectory has penetrated good to excellent reservoir quality and high oil saturations throughout the 35 ft thick sweet-spot zone. The drilling fluid density required whilst drilling the horizontal is also strongly indicative that HH-2z has penetrated an area of the Portland oil pool with significantly lower pressure depletion than expected, a positive indication for possible larger connected oil volumes than previously recognised.

Rockfire drill results are an indication of what Alba could do..Here's hoping

Gold - Alba are searching for the most valuable Gold on this earth at Clogau
Frangeskides - needs no explanation as simply a play on words :-)
Myrrh is a type of Oil and HH is 11% Alba Oil
I've been to Cardio Rehab today, had some wine and watching 'My Name is Lenny'
So Come one You ....... .....
Oh and it's nearly Christmas lol

The sp is taking a bashing..My buy just went through at 0.160 as i'd expected mm's to drop it at some point..
Question is will it rise up now ??
Lets hope so !