Member Info for krull

https://www.rns-pdf.londonstockexchange.com/rns/6557T_1-2018-7-4.pdf

Now that we have (IMO) a commercial well from the first zone tested in the bag, any placings now will be much closer the market share price, In fact a premium placing would not be unrealistic. It's possible that an Institution that might want in/big chunk, could approach Alba directly, rather than struggling to buy in the market forcing the up on itself.

Don't oftern see Ukog'ers on Alba BB, normally they pay no attention to what's going on over here. Hmmm, wonder if Fridays lift in Alba's share price has anything to to with it.
Hmmm wonder if some Ukog and Jay holders might jump ship

UEN is my biggest holding. If there is a stock out there, offering better proven value, I will be gobsmacked.
If the oil price stays here abouts, (might go higher) as it stands, this time next year, we will have more money than our market cap now, If the case, Just can't see the share price being less than £2.50

The Company will not be bidding in the auction.
Anyone think that statement is a smoke screen so not to bump up the price.
Would of thought, best not mention it, If we were looking to obtain the best price!
Could someone else be binding on our behalf?
If no bids at all, or lower than 75% of 2.61 million, do we get the land handed over to us in Its entirety, debt free?

Yes, very hard to comprehend, makes good value investing/shares look like nonsense.
What's even more staggering, we own two refineries. I'm told, the bigger one, would cost between 3x and 6x our market cap to rebuild. From what I understand, It's running below Its full capacity. If we can get more production through it (maybe with help from JV) profits from refining would increase substantially.

Yes, Think I said less than 1/3, better to be precise though, does make the point stronger.

I should of been more clear, one third of the amount, that Ukog has to fund.

With Alba having a smaller % of HH, it would not need to raise as much as Ukog (less than 1/3 i think) so for now we are fine. It looks to me the first zone is commercial, (fantastic) if the next two prove be just as good, we will be holding something special. It could be a Giant oil company might want what we have and pay handsomely for it.
Anyhow going forward, if It's a success there will be no trouble raising funds at a much higher share price.
Ukog edged its bets and raised before the fist zone was tested, so it was at a lower share price and more dilution.
Alba, IMO, holding fire was the better move.
Don't forget the oil from the flow test is being sold, if there is lots, maybe it could end up being self funded.
Is a profit possible I wonder?

Gerry, would you not like to see Alba share price on a par with Ukog determined/defined by percentage of HH.
IMO it would help validate Ukogs high valuation compared to Alba not making it look like hype.
You Say Ukog has raised 12mil that about 10% of Ukogs 120m market cap, Alba has raised 1.6M in two placings, market cap 12m

You have to hold them on a certain date, then they go ex dividend the day after. You can buy shares just before a divi and sell them just after and collect it. Some people do, but have to be lucky the share price drop is less than the divi % to make money.

yes I would think so, Look at it as an advanced payment, just the interest we lose out on. When it's paid off out of the shipment, we would still be holding the loan money. Providing we haven't spent it already

Yeah, 5% at year end, but adding the caveat about unforeseen circumstances.
They paid the last one holding more debt, think technically we are debt free or have more funds than borrowings.

Not me, It looks good on the chart, but actually it was a consolidation, think 100 for 1
UEN has been carrying a lot of debt for a years, been slowly coming down, the market does not seemed to have noticed! I wonder if it will notice when we have more cash than the market cap, won't be long.

Could be jay money as well, that's been dropping while Alba rising. Big market cap there, only takes a few to jump ship

So, we now have more money then debt, I make it about $1 million positive. Plus another shipment in November.
When will the market take notice? This has to rerate at some point! A take over offer might just do it!
Think It's the spread that puts folk off, It's not what I would call a traders share.
IMO, once the market cap starts to increase then the spread will start to decrease, which should make it more interesting to trade, which in turn will increase the market cap.
We just need a good catalyst for a snowball effect to kick in. Then a more realistic PE

Found him.

https://www.youtube.com/watch?v=n47U-v3v1-Q

He would say he bought in 0.24

Watch out, hold onto your hats, Ukog and Bluejay money heading this way

This rise is nothing, has to go well over 1p for a sensible valuation, more like 1.5p to be on par with Ukog, then 3 bag from there on good final results from HH.
Greenland news after that, for few more bags.
I'm not selling my shares just yet.