Member Info for krull

Whatsoccuring, I won't argue with that. After watching Big DL, Think I have to buy some more tomorrow.

wow, this man can ramp, scully you're a novice compared to Big DL. Oil at bognor regis, LOL

https://www.youtube.com/watch?v=CGh03ErAxpM

don't think It's a big seller, more likely traders moving around for their 10% in Ukog and Alba. They will be back soon enough for the next jump up.

Wow, At present, Welsh gold can be valued up to 30 times more than standard world gold

https://www.clogau.co.uk/aboutclogau/welshgold.aspx

Gerry65, there's more than one way to skin a rabbit they say. Once the comprehensive resource report is in from TBH, Hopefully it's good, then the market should react to it, We could then put the asset in the shop window and look at farm ins, maybe sell a big % for a free carry. Once you have proof, you have more options. The gold mining, I believe, will start small scale and maybe stay that way. If you sell too much of that very rare gold, the price will come down. At the moment It's anything from 3x to 10x the spot price, so as long as the market is not flooded with it, there's a nice proffit to be had.
Not sure how funding will work out for HH. Hopefully before we do anything, we will wait until the other zones are tested, maybe then raise at a higher share price, or sell a chunk off. Once proven, again more options, may be able to borrow, or an institution might want in. For sure we won't need as much capex for HH as Ukog will need.

Got a Gut feeling, a lot of Ukog and Blujay money will be heading this way tomorrow.
Looks like momentum is now with Alba, Hype is temporary, Value is long lasting.

Familiar pattern emerging, early AM buying, midday profit taking, buying again before the close.

Something strange is going on this morning, Alba is blue, Ukog and Jay are red. Have investors seen the light

.4245 being paid, anyone going to sell if a tanker spotted today

Been reported SS is on site this morning, could he be their for the first tanker and meeting with the press!

How much is a tanker full of oil worth to Alba? Might start seeing them soon, reports are stock tanks are getting full.
Unless they come and go a night so not to attract tree huggers attention!

Breaking news: Look what GF found in the mine.

https://www.msn.com/en-gb/money/news/ordinary-people-who-stumbled-upon-extraordinary-amounts-of-gold/ss-AAAag9k?li=BBoPWjQ#image=19

Yeah, 1/2 mil of debt could of been attached to the 49%, Might of been why PRIM were happy to let it go so cheap

dsfat, think the 49% was purchased from PRIM and was paid for in shares, it might of originally been owned by GMOW though. I thought we overpaid for the 41% compared to 49% and was wondering why by so much. Looking for a reason I was hoping the 1mil came with it. But that's now a no no. Other things that could of bumped up the price. The Crusher, could we own this outright now? I understand they are expensive. Also some old buildings, I think that worked with the mine, think they are tourist attractions now and have museum stuff from working the mine.

Looks fun to do.

https://www.msn.com/en-gb/money/news/rivers-where-you-can-still-find-gold/ss-AAvHxNI?li=BBoPWjQ&parent-title=earths-secret-quadrillion-tons-of-diamond-found&parent-ns=ar&parent-content-id=AAAbPIe&fullscreen=true#image=32

Yes I understand what extinguish means. And yes you are right, It's wishful thinking on my part.

It's this wording that makes it confusing/vague to me: As part of the transaction, the vendor Victorian Gold has agreed to assign to Alba in full the approximately £1m in loans owed to it by GMOW.

Yeah, most likely, but seems a long winded way of saying the loan is written off.

Completion, thereby effectively extinguishing those loans in full.

"extinguishing" could that still mean Alba don't need to pay the loan back!
Did GMOW have that money in its bank account?

http://www.rns-pdf.londonstockexchange.com/rns/6994U_1-2018-7-15.pdf

As part of the transaction, the vendor has agreed to assign to Alba in full the
approximately £1 million in loans owed to it by GMOW.

Does this mean, we have also obtained £1 million quid (or what's left of it) in exchange for shares and options?
If not, why not say the 1 million is written off?

As I understand it, We own the rig outright that's drilling at Dagi, I believe it will move to the next location after the current drill is complete, then the next. They were hoping for 3 drilling results this year. Because of bad weather delays, most likely only two with a 3rd spuding. Because of the delay, they ordered 3 workovers of existing wells that have been shut down. (don't know how long for) The results for first one, just completed was very good, the other two should be completed before the year end. IMO.

No worries, I should of said, they may not pay the longer term loan off if they need/want the funds for drilling and work overs, can be looked upon as a good thing.