Member Info for elir71

When we've had the cash yes

Could someone explain what the objections of the OEMs are, and what are OEMs in the context of the planned lono trials

@wonga re hl and other brokers with nominee account clients. That's my understanding of it also as hl are the 'legal' owners

Wouldn't read too much into sp this morning, all on very light trades

Shame there's no way (that I know of) of knowing how much the market makers hold. Does anyone have any thoughts on Setsq? Versus sets?

Anyone hazard a guess as to why a maiden jorc not declared at amistoq, and enhanced jorc not declared at tbs?

I'm surprised anyone's not tendered their shares. If they delist after takeover then liquidity may be more cumbersome to find

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

An excellent vido summarising the results of the exploration to date. I think most would agree with the drill ahead strategy having seen the results collated.

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.

If you've not yet found the reason for the reversal of sentiment, then I suggest you read recent RNSs

well my thoughts on GROC with respect to ALBA is
1. market value of shares (no arguing with that)
2. 51% of what the assets would be valued at fundamentally + 51% of the cash raised less costs

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.

Is Viston publicy traded ? They might be a good destination for the proceeds from my Petroteq shares

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.

we usually , in all fairness get an update about once a month, but I dont see one today ?