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Core TV Interview

https://youtu.be/8CffIyVIGoI

MD George Lucan

https://bcove.video/2Is331e

https://youtu.be/GWmhE67amlk

https://reut.rs/2MLXvmv

https://*********************/companies/uk/it-services/tekcapital

https://youtu.be/pQL4SrZQ7c0

Infrastrata
INFA has announced that it has signed a deal with Vitol as its exclusive off-take partner for its Islandmagee gas project for a 12 year period. Whilst there is still much work to be done readers will know that I am not surprised that Vitol have stepped up here in a deal that could be most exciting for both parties.

https://www.proactiveinvestors.co.uk/companies/stocktube/13384/cyanconnode-focused-on-cost-control-and-converting-new-orders-into-revenue-13384.html

https://youtu.be/iINmGTaAg6A

https://youtu.be/iINmGTaAg6A

Best

https://www.brrmedia.co.uk/broadcasts/5cda7feccfde5e11cc824d5b/angus-energy-company-overview

MORNING COMMENT -First Equity

ALBA MINERAL RESOURCES PLC 15 May 2019
Price: 0.28p
MCp: £9m
Tk: ALBA.L
Sector: Resources
Recommendation: BUY
'Maiden Resource at Thule Black Sands’

Alba Mineral Resources (ALBA.L) announced yesterday afternoon the significant news of a maiden Inferred mineral resource estimate on its Thule Black Sands (TBS) Project in Greenland, with 19.0m tonnes at an in-situ Ilmenite grade of 8.9%, giving an initial contained Ilmenite of 1.7m tonnes from three target areas. A resource of this size is already large enough to support a mine life of six years, at 3m tonnes p.a. The management believe there is scope to materially increase the initial resource tonnage by drilling deeper holes in the permafrost, along with confirmatory drilling in less explored areas. The existing resource was only drilled to a maximum depth of 1.8 metres. Potential also exists to explore the offshore mineralisation area, next to the active beaches to increase the deposits size.

Comment & Opinion
The maiden resource achieved by Alba on its Ilmenite project is consistent in size and grade to what exploration neighbour Bluejay Mining (JAY.L) obtained when it announced a maiden Inferred resource statement in April 2017, with 23.6m tonnes at a 8.8% grade. Alba is making swift progress in advancing TBS, given that it obtained the licence only two years ago and was able to complete the exploration drilling in one field season.

The value comparison equation between Alba and Bluejay is very clear, considering that when Bluejay announced its maiden resource, the market cap of the company was around £90m, compared to the current market cap of Alba, that represents around 10% of this at £9m, assuming for simplicity purposes that other Alba projects are ignored.

The RNS also highlighted other Alba news flow anticipated in the coming months, such as drilling in the Limerick base metals project (“imminently”), drilling at Amitsoq - graphite project in Greenland (“June and July”) and ongoing work to re-open the Clogau Gold Mine in Wales. In addition, although not covered in the RNS, further updates are expected via Alba’s onshore oil and gas assets in the UK Weald Basin at Horse Hill and Brockham.

With the progress now being made by Alba in Greenland, and considering the valuation gap between Alba and Bluejay, we continue to rate the shares as a ‘Buy’ and believe significant share price uplift lies ahead in the near term, as the valuation gulf is closed with Bluejay and Alba’s TBS project moves ahead.

Interview with MD George Lucan

https://reut.rs/2YwHt0V

https://www.investegate.co.uk/alba-min-res-plc--alba-/rns/maiden-mineral-resource-estimate-for-tbs-project/201905141555010150Z/

https://www.investegate.co.uk/tekcapital-plc--tek-/rns/lucyd-launches-loud-2-0-eyewear-line/201905140700018525Y/

Infrastrata
INFA has announced this morning that it is in an advanced stage of negotiations with two final off-take partners which should shortly come to a conclusion. They also state that a deal might be for all 7 caverns not just the first 2 in the current phase 1 plan, sounds good yes? Here’s the rub, or at least why the shares are down today and close to testing the lows. The good news is that should the bigger deal go ahead then phase 2 FID could advance from Q4 2020 to Q4 2019 bringing forward the whole process. The bad news is that this way the existing phase 1 process would be delayed by 6 months to Q4 2019 as the phases are merged.

So, the market’s reaction is that a delay to the process is worse than a bigger deal later, probably consistent with any market’s inherently pessimistic outlook, this stock has a chequered past remember. I would wait and see what sort of deal turns up before pre-judging but would think that if a deal is signed it will be a huge step nearer to the land that has been promised for many years…

Results will be announced next week w/c 13 May
Best

Will be released on RNS next week w/c13 May fyi
Best

Project Update



InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity, is pleased to provide an update on recent progress with the Company's Islandmagee gas storage project (the "Project").



The Company is at an advanced stage in negotiations with the final two potential offtake partners and the board of InfraStrata believes these negotiations will reach a conclusion in the near future. It may be that InfraStrata is able to secure an offtake deal for all seven caverns (phase 1 &2) rather than just the two caverns originally planned for in phase 1. If this is the case, FID (final investment decision) for phase 2 (five caverns) may be advanced by approximately 12 months from Q4 2020 to Q4 2019, with the knock-on effect of this that FID for phase 1 is delayed by six months to end 2019 due to phases 1 and 2 being addressed together. However, overall this would represent a six month improvement on phase 2 FID and bring the benefits of a larger project than phase 1 alone. However, this is still only another indicative scenario and the final terms and timing of any offtake agreement cannot be guaranteed at this stage. Once an offtake agreement has been signed the Company will be able to provide details of the final agreement and an update on dates for FID.



If the scenario materialises where further up front work is required to undertake FID on all 7 caverns (phase 1 & 2), a convertible loan facility may be provided by a potential equity partner to seek to ensure that the first gas date is not effected and the Project is further de-risked.



In relation to the draft marine license, InfraStrata has now provided the relevant authorities with the final draft reports requested and following feedback received, the Company is currently in the process of updating these reports and will re-submit them to the relevant authorities shortly. As previously mentioned, the Company sees no reason that a full marine license will not be issued for the Project in due course.



The Company has now submitted the final EU application for the FEED study that was completed last year and the sum of EUR1.6 million is expected to be received in the next 8 weeks from the EU. In addition, the Company is looking to submit applications for additional grants for circa EUR8 million in relation to FEED studies for the reverse flow of the existing Scottish Northern Ireland Pipeline (SNIP) (in conjunction with Mutual Energy) and twinning of that pipeline.



InfraStrata continues advancing its studies for future project development opportunities on the potential FSRU (floating storage regasification unit) opportunity and additional caverns, moving from the concept development stage to a feasibility study in the near future. In addition, as previously advised, we continue to evaluate other potential energy related infrastructure projects, one of which is other potential salt storage opport