Could someone explain what the objections of the OEMs are, and what are OEMs in the context of the planned lono trials
I think the way it works is that a market maker is obliged to sell a quantity of shares up to EMS at the quoted price. They may sell more than that. So in this situation :-
0.22 500,000 SCAP
0.22 500,000 STFL
0.24 500,000 SING
0.25 500,000 WINS
0.26 500,000 PEEL
You can only infer that you can buy at least 1,000,000 shares at 0.22 from scap and stfl. You may be able to buy more.
It is not true to assume that the 2,000,001 share will cost you 0.26
It works differently on sets and your own market orders are directly visible on level 2 thus making shares on sets less susceptible to market makers games
I think there's a Cowes based small shipping company that has at least two ships each running two Cummings engines
@Alfreddie
Permission from NRW to dewater has not yet been resolved. As I understand, the company is in the process of (or has already) submitted further information to the authority with respect to application for this permit. Its worth noting that the NRW accept the benign nature of the water itself, the unresolved issue is to do with the change in airflow that could be a consequence of lowering the water surface.
Other targets have been identified which would be free draining (ie above the elevation of the llechfraith drainage adit). Two targets would only require a cross cut (tunnel perpendicular to the strike of the host rock) of around 50m to access them for bulk sampling and other exploration. The estimated cost being around £1000 per metre, so very modest.
Although the water discharge permit would allow access to deeper unmined zones identified as Auriferous by the 2021 drilling, the absence of the permit is not a show stopper as unexpolited veins parallel to some of the old workings have been identified. Take a look at Harry Guest's video presentation on Alba's youtube channel.
@LucyLovejoy Are you able to back up your assertion of "fools gold" ? I don't think you can, so it begs the question, what are your motives for spreading such disinformation ?
As for Horse Hill, its the asset I'd like to see disposed of for cash more than any other.
Flew into tenerife yesterday on jet 2. Plane at normal capacity. On arrival at tfs, 6 jet2s arrived 2 jets of other UK airlines.
Quite a good sign
Ive no idea of any justifiable reason as to why the share price was so volatile today on such little volume. It does suggest that relatively mild profit taking on the part of short term traders may cause a substantial retrace.
Makes no difference at all in the long run of course
Bear in mind that Viston aren't cash strapped, so they could sell future licences to others for considerably more money. In that sense, it would cause an appreciation of Tomco as their licences would effectively be more valuable from a certain point of view.
not far off my 0.9p fundamental valuation which I arrived at at the end of 2020
the dewatering permit problems would knock that back, but if granted then that fundamental valuation still stands as a ball park figure
I'd point out that's a fundamental valuation as opposed to a market share price prediction.
The cash position remains very strong. In fact, from an ALBA perspective the GROC spin off was outstanding value considering where GROC share price is now. Many warrants expired worthless during 2021 . Ive not had time to update my spreadsheet on it, but once I am back from sea then I'll revisit some of this.