Member Info for krull

Don't think so brotherant, apart from the short term loan, we do have some longer term debt that's nearly paid off now.
We should be completely debt free and have funds in the bank after the first of the two oil shipments. Thats if they don't need extra funds for more drilling.
Expect drilling results and workover news around the beginning of next month, Maybe some JV news as well.

I managed a small topup today, thought the MM dropped the price looking for trade.

No doubt in my mind that the oil is flowing. See twitter.

https://twitter.com/WealdOilers

They are trying different pump timings/settings and looking at all the different variables with pressure and choke size

https://twitter.com/DavidLenigas
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Some days it all completely comes together. 👍🚀🚀🚀🚀🚀🚀🚀🎉. All in good time I can tell you all why. Work hard, believe in the long game and it eventually sees the moons align. Today is one of those days.

George Frangeskides, Alba Executive Chairman, commented: “We have made
really good progress at Clogau on a number of fronts in the first two months of 2018.
The underground scanning of the extensive mine workings, and the 3D geological
model that we are developing, will be invaluable assets in leading us to the principal
targets for unworked gold mineralisation within the mine. And we are currently
refining our targets for regional gold exploration. Having identified over 300 known
gold occurrences within the wider Project area, we are certainly spoilt for choice.”
“This is a known and vastly under-explored gold belt – the great majority of it under
licence to GMOW - and we are excited by the prospect of exploring the highest priority
gold occurrences in the coming weeks. We will keep shareholders updated on progress
on both the mine-related work and the regional gold exploration.”

http://www.rns-pdf.londonstockexchange.com/rns/1094H_-2018-3-8.pdf

With it up and running and lots news hipe, maybe we can flog it for 5 million

They must like what they have seen when scanning the mine with modern technology.
So, we have paid about a million to own gold mine. Hope we can turn a profit on it.
On the plus side the Royal connection is good PR, if played well.
Maybe small extraction V high price can be very lucrative, let's hope so.

yep, insane, another tanker shipment in a few months as well. I will be buying more when funds are available, thats if we don't get a takeover offer by then. The market will have to take notice soon, or it will get to the point when we will have more money in the bank than our market cap. Maybe an institution will start hoovering shares up soon

Buyers starting to appear now, bargain hunters after a few sells this AM.
Think we will have a Blue finnish today

OK, not so bad with the 1million written off

Alba is paying £650,000 in shares to Victorian Gold – the ultimate parent company of GMOW – as well as a one-for-three warrant option.

As part of the deal, Victorian has agreed to effectively write off the £1mln of loans it made to GMOW.

Lets hope our horse comes in, we will be able to fund it all then.
If not we better be good at negotiating farm ins

PR ramp on the way.

https://mobile.twitter.com/Share_Talk/status/1018775194591289344

Something about paying 4% royalty for 1 million loan, don't quite understand that bit.

HH is going to be the main share price driver for now.

TBH could end up a massive share price driver, It's what most interested me the most when I invested here.
Alba is now undertaking a comprehensive resource report at Thule. If ilmenite % is similar to what Bluejay has, expect a significant rerate. My opinion, Alba will be looking at farmin's first, rather than raising funds in the market.

Alba has roughly 3 x smaller steak in HH than Ukog, However Alba's market cap is roughly 11 x smaller than Ukog's.
You need to look at dividing 11 by 3 to work out how much Alba needs to climb for parity with Ukog.

You can do the same comparison with Bluejay. Alba has 2/3 the size of the same beach in Greenland that Bluejay has, but Bluejay market cap is 190 million V Alba's 11 million

I'm not sure if all PI's understand the significance between Ukog and Alba market cap, and which of the two companies would benefit the most from commercial oil flow from HH.

In layman's terms: Alba has 4 times more potential profit (from HH) than Ukog, despite having a smaller % holding.
Basically It's because Alba's market cap is about 11 times smaller than Ukog's, so more profit for Alba share holders.

The well head looks like a rocket ship

https://twitter.com/WealdOilers

Yeah, if it was an institution they could well come back for more, Think it was a buy limit order placed, the MM would have wanted to keep the price down, while filling it with lots of small trades throughout the day.

Yes, Might be ways around it! But could be sailing a bit too close to wind buying up Alba shares now flow testing has started.

garymbrock, yes an interesting proposition, Ukog could increase their % of HH by buying Alba shares, or make an offer with a combination Ukog shares plus money.

They Raised Quite a bit of money for an opportunistic opportunity. Could they have had Alba in mind!