Member Info for elir71

I'm especially interested in bioMSAR with from Utah, as there's a significant inland shipping market. I've been on ships (smaller ones) bunkered from road tankers that have travelled significant distances, in places UK with higher road fuel costs than USA

as the analyst stated, neither can he arrive at a target SP until the heads of terms of the finance package can be examined.

Nevertheless it all seems very positive and he doesnt seem to think it would be through some mega placing

I noticed that the analyst did not factor in msar into his presentation. Apart from that all good coverage.

Stick to the footpaths is my advice, Alba have good relations with landowners at Clogau St Davids, let's not **** them off.

might be on aquis

Wouldn't petroteq tomco valkor want to see a commercial demo first? Surely it would help the funding case?

@fyoz it seems the posp would be an ideal testbed for msar

@Jeremiah
As the drilling in Amistoq is complete (with the caveat that some additional infill drilling may be done later), then there should be enough information to declare a JORC resource there. The capex to bring the resource into production remains then the unknown. Nevertheless a JORC declaration should in itself put a considerable appreciation of value onto the resource. I would hope to see this in early autumn, possibly early Sept.

TBS exploration is underway and I would hope it would be complete by September, so the increased JORC resource should be published in the autumn.

The other resources may take more time to appreciate in value as the above are quite rightly prioritised. It is a shame ALBA lost a year to covid and that HH has failed to deliver an income stream to fund exploration, but we are where we are.

You're already in it indirectly
It will indeed be interesting to see where it settles at, as imo the Greenland assets value is totally underrepresented in Alba's sp at present. Will we reach a situation where the alba mcap is less than the value of ALBAs greenroc shares

@noobz
Granting of options is normal especially since directors could be accused of insider trading if they piled in when holding privileged information

just to clarify when I said no intention to float has been issued
I mean, the document called "intention to float" has not been filed as yet
I'm quite certain they actually intend to float.

I thought the main man at Greenroc is Kirk Adams
he certainly has an impressive track record and from what Ive seen a very pragmatic approach

It is going to be called Greenroc and no intention to float has as yet been issued

I noticed earlier that there was a bid exceeding an offer . I thought uncrossing trades would clear that up
I must say the PME are rather perplexing given the low volume and number of trades

@scotalba
Nice find re the BAT report

The analogy with a house builder is that ALBA bring to the new venture a building plot on the cusp of having planning permission. The new investors bring cash to the table enabling the construction of a property (or at least some of it).

Building plot does not equal house

@alreadyinuse
Why do you think we should be "gifted" IPO shares ?
You as an ALBA shareholder are getting (indirectly) shares in Greenroc as ALBA would own a sizeable proportion in exchange for the licences they are transferring to Greenroc. As such you as an ALBA shareholder would benefit from appreciation of the Greenroc business. Non ALBA investors will be bringing cash to the table, to progress these projects.

@grumpy
Yes, it's to allow qfi to issue those shares to satisfy their obligation to warrant holders should they exercise the warrants

Otherwise they'd have to buy them on the open market

Why would someone not buy today rather than accept warrants.

If the sp dives, then you don't have to exercise them, so you would not lose any money, whereas if you bought now, there remains a possibility of losing money

If you exercise and sell the same day then you don't need to find the capital to pay for the shares, as you're selling the same day.

Warrants confer the right but not the obligation to the holder to purchase shares in the company, from the company at the exercise price for a predetermined period

Well someone seems to be confident of the sp being over double what it is now in 12 months time or before