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https://twitter.com/Adrianwfire/status/1227963758150070272
Some big gear heading into HH
I concur Craig, it just seems odd that alba is going up on no news... not typical of it.
Unless GF going to release an RNS as he done a couple years ago and say he does not see why the SP is moving...and kills our rise. But yes I've grown sceptical over the years. Hopefully i'm wrong
It could also be a mix of the shares in issue that need to get absorbed or any remaining shares from the previous owners trying to offload their shares...maybe they have financial commitments leading them to sell cheap. But yeah worst case could be someone trying to enable mates rates.
I'm currently sitting on a fat negative with alba...very demoralising when we know they have some cracking assets but the BOD are just useless at marketing alba for what its truly worth. Simply put GF is useless.
yeah I was somewhat hoping for an update, as people on UKOG twitter seem to be spouting ALBA should lose their full share. Which didn't make sense to me considering how small the previous cash call affected our percentage. But yeah guess we can only speculate till we get some solid information.
ALBA does not have a high cash burn and this is their way of focusing on their gold/TBS/mining projects, with out further share issues. If the last cash call for HH were to continue, the effect on our share of HH would be minimal at less than .1% so I don't see it affecting our position by much. If anything its a good sign they aren't issuing more shares to keep up the cash calls.
I agree with you Chrome...I believe if my memory serves me well from the interview GF had on the 28th, he stated the revenue from HH is being re-invested into the site for the current works...so we wont see any substantial revenue till we get production at the end of the year with the new well.
Yeah, well I just don't like how the trades have been relatively small 50-200 quid and the SP drops a tonne. Then when you get some big ish buys it doesn't budge. ALBA loves to test my patience....it just will hopefully pay off. GLA