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Again TAC, I'm not being funny or not thinking about the bigger picture with West Newton. If the asset is indeed an asset with the potential recoverable oil that has been talked about, then this is not a silly gamble its an ambitious move, to take our prospects into our own hands and get us to a mid oiler level.
I agree the "SS" BOD at Reabold are not worth having and probably same with Rathlin. But still the WN asset should be along with the Cash pay out from Shell later in the year and the other assets could still well be sold off or developed if feasible at a later date (once WN is producing).
I am looking at a bigger picture, I accept we may never agree to agree on this but as they say "Time and tide wait for no man".
Does DB and UJO actually have the ambition or not. ? Do we wait for ever with the bank of Wressle to eventually run dry ? hopefully not for a long time, but Egdon are currently not that energetic at the next drill (Pe### Flags)or the gas options.
So do we go for a safe option with the hope that Heyco etc might take us over for the Wressle and other joint venture assets that we share with Egdon. (I.e. we are the prey) or do we become a predator with a bit of ambition. ?????
GLA
I just got the below email and thought I'd let people know if intereted.
I've changed the obvious name and shares I'm looking at buying, but just reminding everybody that maybe interested in the broker offer to get sorted today. I appreciate there is no current margin in it for us at the moment and it has been cheaper in the Market last week, but I do genuinely feel in my opinion that this may well be one of the last buying opportunities at this level, before news breaks through.
Also if you look at it another way, its a chance of averaging down for some people.
Just my opinion and no guarantee's etc. but I feel if this is not taken up, then we are less likely to get a chance later with warrants attached please. (use or lose it)
Good morning Mr. "HDT",
The broker option in Alba Mineral Resources closes today, and I wanted to check if you wished to place your order for "#########" shares.
Please give me a call on the below or respond to the e-mail if of interest.
Kind regards,
Douglas
Douglas Crippen
Corporate Broking
D: +44 (0) 20 3003 8632
133 Houndsditch, London, EC3A 7BX
That's right Scotalba, it was mentioned 2 weeks, but I reckon there's bound to be a hiccup or two, whether it's excess rain, pipe damage by kinks or bends or falling rocks !! throughout the system or pump strength against head height of water etc.
There's lots of small things that could cause delays but even if this took 4 weeks to drain and then just keeping on top of the seepage whilst access is improving, it's a positive progressive improvement to last month, year etc.
I'm, not sure if a running commentary on progress is a good thing (It is, if there are no issues) as the rampers will ramp and if there are any issues the trolls will try to destroy. I'd suggest maybe a weekly tweet as they are doing but with maybe a bit more footage of even water going into the river, cleaning out the filter bags (no gold just muck) and even some lit up footage of inside the mine with GF and MA wearing their Alba branded polo shirts and helmets.
This is a marketing Golden opportunity and I'm reasonably sure they will have this sorted.
"Please do not do an Angus Energy !!!"
GLA etc
Was this not similar to the delays from the GC report last year !!
Unfortunately I feel that the GC report may have been taken badly because it wasn't the easy read or super bonus we had been hyped and hoped for.
These people are professionals in their field and are not into making "pie in the sky" projections and may indeed hold back slightly but can only report on what their proven equipment and calculations can reveal from their experience around the world.
I cannot see the new report being much different, its still the same well, the same site and only a bit of gas is being used. So I reckon the report will pretty much confirm the GC was correct but may throw in a bit more reserves just to make it a little different with the time moving on and to hopefully cover the costs in charging for the report.
Sorry to be a bit cynical, but lets be real. It's a GREAT LITTLE Company, Not BP or Shell but is a nice investment and I wish I owned the full company.
I maybe wrong and its a fantastic contrast and superb report and the shares multiply up and we get taken over for £1 + ,
DYOR etc etc and GLA
I think the volume is going to be higher than usual (over last 12 months) just because of the gold fever and the 600M + placing. Some of these sales are most likely to be the investors who tried to make a quick profit on the Monday dewatering rise.
I reckon quite a few, not really interested in Alba would have bailed out and still bailing at "slight loss, breakeven or slight profit". So I'd expect no decent rise until these sellers have gone and until a positive news story comes out / update from the current works.
The hopefully bonus cashflow £100K extra broker offer placing, now has only 3 days left to register. This although not a bargain as the SP until last couple of days has been lower than .00125, would be beneficial to Alba as it gives them another chunk of money to develop the site and hopefully give us a better quicker return without the need for another quick placing if needed.
I know I'm going to get some negative people calling me for this, but we have been shouting out for a broker offer for us to participate in, and now its here, so as they say "use it or lose it (next time)". If there's gold there then the hype alone will increase the SP past the placing price. It maybe a trading share then for a while in between news updates but I genuinely feel now that if the surveys are correct and the cashflow is managed correct then the Gold will be shouting across the country and investors just wanting a small piece of a British Gold mine will be buying in. (I appreciate Scotgold isn't a good comparison currently) but this place in Wales has got Royal history and could well multiply the current Market cap a few times up if managed correctly.
All my own opinion really, so I've not seen the mine yet or understood all the survey work, so DYOR and GLA etc etc
Well decisions on taking up the broker offer are becoming a bit clearer.
Today is the first day of selling from the £750,000 placing and although a few early purchases it seems there are some chunky sells this afternoon at slightly under the 0.00125 price (9% ish down), but look at the sales, they are pretty fixed price as if the MM are holding the reduced price up !!
Pretty sure they would drop the SP if us PI's where selling ? Maybe I'm just being cynical.
I still feel once the dewatering news progresses and we are seeing more of the mine then the SP will climb again, "but" !!
Why buy the broker offer whilst the price in the market is cheaper ?
A bit of loyalty to the company and the addition of up to £100,000 for the development cashflow ! OK
So if there where Warrants attached then yes, 2 bites of the cherry. No warrants then might as well buy in the Market and save a few quid.
GROC did a broker offer and only 4 of us too it up and then not long after they did another placing at a lower level, both offers without warrants.
I think Alba missed this extra sales pitch, even if the warrants where priced at 0.002 (over 2 Years) then they would have had a better take up potentially with the broker option and also the SP would probably have not dropped below the placing price.
Just my own opinion etc. GLA DYOR
I reckon 2 weeks with more tweets and a good RNS we will be back above the placing price.
Pickedpeck agreed with your comments and they do read constructively.
Also agreed Scotalba, the polo shirts are a standard marketing tool and I use them here at work and they're tax deductible and also if George and Mark etc contact the tax office they can also get an allowance for washing there workwear lol.
There are always going to be critics no matter how good things are going and even more when they're not going well.
This has been really frustrating for every positive to Alba people over the last few years.
I do feel now though the Good to Great news will start coming through.
GLA etc etc
And there we go, Work has already started. Where can we buy the Blue Alba polo shirts and caps from ?
Get them on the future sales website with pieces of welsh mountain with and without gold with a nice little dragon badge etc. I really feel with the right marketing this can be "A Gold Mine".
This can easily go back over the placing price, and quickly I cannot see it dropping too far apart from with the current SP and negative sentiment. All my own opinion etc.
Like I said Smooth, I have registered, I've not committed yet. But remember the good news and the SP went up 50%+ so if there's any more good news i.e. started to pump water out and the SP may rise above the 0.00125 and hold plus, then I would be kicking myself for not buying. Currently I am waiting and will be prepared to but lower than the option but not just yet.
Well I've not committed yet, but I am registered now for the Broker option.
You may well say "It's a lower price through the market", well I can see that but that's why I'm only registered so far.
I do believe rightly or wrongly that this company will strike Gold at some point this year, hopefully with some regular RNS's up to then, as we certainly need some repair work on the Public relations being sorted.
Hopefully the next soon RNS will be "We have started removing water and all is currently going good"
2nd RNS "We have drained down quite some way and we are seeing, old mining works and we look forward to modernising the access"
3rd "We have good access to the areas we want to develop and we are currently manufacturing safety access equipment"
4th "We have sighted gold bearing rock and photos will be on our website soon"
5th etc I will leave to your imaginations.
This is what brief RNS's we will need to create the excitement about this company and soon as if the broker option is not to be a total failure then we need to be at least back up to .0014-.0015/share.
The broker option deadlines are = Each application should state the number of Broker Option Shares that the interested party wishes to acquire at the Placing Price and should be submitted to CMC Markets no later than 12pm on 21 July 2023.
Contact to CMC Markets by email (to d.crippen@cmcmarkets.com) or by telephoning 020 3003 8632.
I spoke to them a short while ago and he accepted the SP was lower in the market so far but they have had a reasonable amount of interest yesterday.
I do genuinely feel this Placing so close to the Fantastic RNS news has demoralised the PI's, it would have been so much better next week after hopefully starting to remove water. Also if there was warrants attached maybe at the .002 at a 1 for 2 offer over 2 years. This would at least portray some confidence that the SP is expected to rise and it's been done before at the December one. It just seems to be a quick panic placing on initial sentiment and it feels like we've been mugged.
Come on George, I think you need to put yourself into the Private Investors shoes and maybe get some feeling outside of the boardroom. We are on your side with this investment, but please try to be on our side as well (let's hope you see this BB and take some notes). I'd love to help with this as a down to earth person in Business as well, but maybe not in the same league as some on here. I cannot see you contacting any one of us but if you did CMC markets have now got my name, office number and email.
GLA to all genuine Alba shareholders and I'm sure this will come good soon, fingers crossed and DYOR as we have to write. Best Wishes all HDT
Great day for us genuine holders.
It's not been often we've had something to smile about. This long awaited great news has finally come through and the SP has reflected the initial fever pitch.
Long may it continue.
With a market cap of just over £12M there's a lot of potential room for upward movement. Yes there's likely to be a placing and warrants etc and I'm in it in advance.
Remember what you said George about there being an amount for us shareholders not just the big boys !
We would like to get in to continue with this Fantastic story and with a few warrants as well for future great news.
So much potential in this project and not just the mining for the gold.
GLA etc etc
You've only been a member since yesterday Tevan ! and your spouting negativity on the back of fantastic news and progress. Maybe Robbie is right and your a reincarnation of one of the trolls like goodluck. I suggest hiding back under your bridge as this news is fabulous for all holders and probably from now on could well be great for us.
Give it up the gold will be ours and not diluted to oblivion for the certain jewellery brand.
you have not got the credibility for people to listen to you, Bye.
Nice one Spiderama, I remember the placing, it wasn't very well received at the time but now makes good sense obviously with todays news. If the plan and the maths are correct by GF then he expects the SP to go well above .02 and potentially above .04 to force the warrants to be exercised. But who wouldn't exercise them with a double plus on original placing price.
Nice shout and lets hope they get started soon and RNS that along with obvious chance of proactive interviews and hopefully TV coverage at the mine site. This would bring a Euphoria of "Gold Fever" to the UK people in a time when most news is miserable. I can see the SP floating around the .02 for a few days at least as people buy in from the people wanting to take a quick profit/break even etc. I feel that the SP could well get to .04+ if the right publicity plan gets started and continues with regular updates.
If the current warrants are all cashed in 250M @.02 would bring in another $500K. I'd expect or predict a placing if the SP gets above .025 and holds for the 10 day average etc at maybe 100M @.02 = 20% discount to SP and £2M with warrants attached at .02 price at maybe 1-1 or 1-2 to potentially bring in another £1-£2 M. I'd go for that and I'm sure many other logical people would do as well.
Anyway GLA, DYOR etc and "I'm well chuffed, so far today"
Ok I'm not being funny here or a ramper by any means, but obviously there has been no gold for the last 4 years, its been flooded out. So why make silly negative comments like that when to anybody with half a brain and the smallest of knowledge on this mine would know that there is gold there but not safely obtainable at the moment.
The dewatering is essential to get a full view of the gold bearing rock etc at the last mining areas. The area's that where producing gold the last time it was actively mined and was only £300/ounce and was at the time deemed to costly. Now its around 6 times the price with the associated potential premiums etc it's well worth mining.
Come on play the game rightly or don't play it at all !! unless that is your game to de-ramp for a better buy in ?
There will more than likely be a placing sometime soon, maybe when the SP hits .25 or more but by then we should be under way with the equipment bought in anticipation from the last placing.
Anyway DYOR etc its often the most truthful way.
Don't worry about the spelling mistake ! I'm sure if we all heard some good news we would be in the herd to buy some more, lol.
I really hope your right Scotalba, your pretty good with the info usually and lets hope the "man and his dog" can give you a nod as to the definite positive good news soon. I feel we've all waited some time and the potential sparkle of a few shiny gold pieces in quartz at the bottom of the dewatered shaft when it happens will make us all feel better.
GLA etc
Thanks again Tony for your post.
Informative from your experience and always appreciated.
I have looked up the RNS's and yes one at 5p/share and another at 11p, so well done to the longer term holders and I hope I get something of a similar rise given the time etc.
In the meantime I'll play with the dividends and with the SP again dropping straight after I bought another 25k shares yesterday I might have to again get some more to reduce my BE.
Roll on Serenity, I might be able to chop a few Europas as well then.
cheers again
HDT
Hi Tony & Stas and anybody else who seems fluent in i3e's business etc.
I've only been a shareholder in i3e for just under 12 months now, I've obviously seen a decline in SP but I'm still confident in this longer term and happy to get the monthly dividends in the meantime. I'm obviously not in your league on shareholdings but I do take note of your messages etc. Anyway to the point(s).
During my time here I've not read an RNS with regards an acquisition, but obviously there was a few before I bought in, so I note you suggest there may well be an acquisition being considered ! could this, if happening be Canada or UK or somewhere else ? if so what has been the previous market responses with regards SP. (I appreciate I am asking for an opinion and no guarantee's)
on a 2nd note, I3e MC is just over £200M with a fantastic dividend payment of currently 11.5%+ (.173 SP) and P/E pretty low and seems well covered currently moving forward. Could we well not be taken over ourselves by any oil player bigger than us, of which there are lots? I'd suggest if this was the case a SP of between 35-40p/share but probably try around 25p on the cheap for starters. Could I be a back yard out or could this be being considered by a bigger, lets say Canadian company?
Any thoughts from any of you would be appreciated.
Ps I'm personally too small an opinion to be a ramper but I have just topped up a bit today. (It feels way to cheap)
Well Ryan has caused his problems for us at Europa with Inishkea, but there's still a great chance of gas if we get the farm in sorted soon.
Now then with the problems at Barryroe now being suspended and looking at a voluntary liquidation RNS Number : 0738D Barryroe Offshore Energy PLC 19 June 2023 along with RNS Number : 0614D AIM 19 June 2023 NOTICE 19/06/2023 7:30am TEMPORARY SUSPENSION OF TRADING ON AIM BARRYROE OFFSHORE ENERGY PLC.
Will this mean that the preferred exploration company is now Europa and partner?
Will this be a fantastic opportunity for us to potentially be involved with the low emissions gas supply for Ireland for the future?
I really hope so as this could well see Europa boom (assuming we get a farm in partner and we actually strike a gas supply).
The SP has definitely been great recently, but how far could we boom if everything was lined up ?
Wressle looks stable and only likely to improve with CPR and future drilling.
Serenity looks like things are moving slowly but steadily to a potentially good low cost deal to hopefully get a premium on the investment (although not as good if the drill was successful).
I cannot see much of a downturn here now but with potential of adding millions to the asset value and thereby the MC and SP.
Any thoughts from you people who know a lot more than me please.
Cheers HDT
Magnam gestus a vobis Heid,
spero te fruendum tuum pisces et chips.
nullum rursus adgressus placere et tu pboo
Sorry can't keep this going, I've got work to do lol.
Maybe a stupid thing to do on my side but I unfiltered pboo temporarily, just because I'm bored and Skiving at work.
You suggest pboo to stop bringing your personal life into things !!
Well unfortunately and I'm not supporting bullying etc. But your ways of continually knocking this or anybody else's investment by direct or indirect assaults can also be take personally !!
I suggest most people invest to try and make some extra money in an attempt to improve their personal and family lives. Thereby making an investment PERSONAL.
So YOU and a few others by being negative on here are potentially affecting peoples PERSONAL lives.
This is not Brewster's Millions and wasting our initial money, We are investing for a better future with what we have now.
Ok investments can go down as well as up, but to try and artificially and purposely attempt to try and be detrimental to a company that effects peoples potential future, is down right underhand and actually quite horrible.
I'm not going to cry about your life "All negatives, type people" as I've been around a while and can hopefully see through your "evilness". But come on, be mature and realistic. Oil is here for the foreseeable, Electric vehicles and a more greener type life is increasing and quite right as well. This is a TRANSITION and will take many many years, so put your efforts into being positive about Greener companies like Lithium, Graphite, Solar, Wind etc. (They still need the Oil capabilities to manufacture the components to save the planet).
Come on just keep it real, its better for all our blood pressures.
GLA etc