"The Company is confident that West Newton will prove to be an important strategic asset to the UK as the country looks to secure domestic energy supply and affordable energy".
Got to be a big plus especially as production could rise with the latest wells. Perhaps new permissions in the UK. Got to be a good place to place some money in oil now with alll the troubles? This could multibag
5.0 Pence coming. Great entry. Best time to be in Anything Oily. Good luck all. Lots of upside here. Trump will push all companies like this to dril baby drill, now restrictions....
One more placing and the company`s share price will be very close to the nominal value.
The nominal (par) value of ordinary shares in Alba Mineral Resources PLC (ticker: ALBA), quoted on the AIM market of the London Stock Exchange, is 0.01p per share. We know it cannot issues shares below nominal value so it will have no choice but do a consolidation share split and and cancelling shares. Your millions of shares then become hundreds and your spiked in for good and shafted once more.
The company will not wait for the shares to get close to its nominal value. Probably plan long before its next issue to consolidate. Watch out guys this is how AIM works. After diversification and share consolidation, its usually a name change to cut from the past. AVOID
History of failure and more than likely a future of failure where poor shareholders foot the bill by constant dilution. Down 99.9% over the life of the company? That says it all.
Only good for the management who never seem to be part of the placings...or put much sking in the game except the odd share rewards that they pay little or anyting for. AVOID
Too much strain on the finances. Obviously the company always had to expand outside of Wales as it knew once that venture collapsed it would have ended it all. We know it costs more to mine the gold that what they can sell for even at these high levels. So it metaphored in Greenland and Sweden. So where will all the cash come from for all these cash calls and obligations? Where has money always come from for this companey? 5 years or more before it ever reaches monetisation you can only expect placing after placing. AVOID.
Cash in the bank within 14 days of completion or 14 days from Tuesday. Most likely sooner. A week Tuesday many will be singing songs for the free money specially those who bought more at 18 pence when it already looked a certainty.
Risk? Very little. Done deal. But technically the Sanction Hearing needs to complete, (Today) when that comes, that is it. Last day of dealing is Monday. Complete on Tuesday.
Last day of dealings on Monday, then checks will be in the post from Tuesday. Upto 14 days but cash should come within a week. Should help the balance sheet. Happy with my top ups at 18 pence. Always thought it was FREE MONEY.
More rises coming. Still very cheap entry. Lots of upside in this environment and what a safe country to have oil to trade. STRONG BUY. 5 pence first target then on to 10 pence..