Member Info for ocelot

"This suggests each coin could sell for £20,000-£40,000 – and quite possibly more ..."

Is Alba sitting on a gold mine?

5. A new chapter for British gold mining

Since its discovery in 1854, the Clogau Mine has produced approximately 80,000 ounces of gold, making it the UK’s most famous domestic gold source. With its revival, a new era of British gold mining is being written, offering a rare opportunity for collectors, investors, and those who cherish royal history.

For those eager to own a piece of British heritage, this auction presents a once-in-a-lifetime opportunity ...

https://5thingstodotoday.com/2025/03/19/5-fascinating-facts-about-the-return-of-rare-welsh-gold/amp/

From this morning's update's links:

"... As Welsh gold typically fetches a significant premium to the normal spot price of gold, we are very excited to see what price these exclusive coins will fetch on the open market.”

Alba said a maximum of just 10 coins will be produced. Being ultra-limited, the company expects them to attract significant global interest. Gold is currently selling for more than $3,000 an ounce but given the rarity and appeal of Welsh gold, the coins should fetch much more.

To give an idea of their potential, 10 lots of old Clogau gold were auctioned in 2017, with an estimate of about £9,000. These had been mined under a government lease between 1979 and 1981.

After going under the hammer in Colwyn Bay, the lots sold for a total of £44,000. The smallest nugget, weighing 3g (0.1oz), went for £4,000. Gold flakes and dust weighing 16.26g (0.5oz) fetched £10,500. This suggests each coin could sell for £20,000-£40,000 – and quite possibly more ...

https://www.dailypost.co.uk/news/north-wales-news/first-gold-mined-wales-decades-31247768

The coins are being promoted for their gold content and for their provenance, not for their IQ level.

Any positive news to come out of these discussions could really make the share price pop:

"Additionally, the Company continues discussions with several energy infrastructure investors regarding joint venture participation in the Company's South Dorset and Yorkshire projects owned by its wholly owned subsidiary UK Energy Storage ("UKEn"). We look forward to providing further updates in due course". (RNS of 21/02, 1 month ago)

The company is evaluating options to bring the (Lidsey) field back into production in early 2025. (from the website, Operations/Wealden Oil Fields)

Google gives me a GBP figure of about £960 an ounce in 2017 v £2,342.69 at present.

Https://jewelleryoutlook.com/mining-alba-minerals-announces-first-gold-production-at-clogau-st-davids-gold-mine-in-25-years/

"... we are delighted already with the level of interest being shown by all major news outlets. More on this soon we are sure".

From a longer answer on the hub.

Decision on 26/03:

https://drillordrop.com/2025/03/19/officials-back-plans-to-import-wastewater-to-brockham-oil-site/

The Group has incurred indefinitely available tax losses of £166.4m (2023: £179.1m), which includes tax loss incurred on the acquisition of Saltfleetby Energy Limited, to carry forward against future taxable income of the subsidiaries in which the losses arose and they cannot be used to offset taxable profits elsewhere in the Group. (Note 9 in the Annual Report RNS of 06/03)

At 40%, tax losses of £166.4m are potentially worth £66.56m, if and when they can be used.

Though there's no word on how much each coin could sell for, gold is currently selling for over $3,000 an ounce; given the rarity of this particular gold, BRIDES editors expect it should fetch far more.

https://www.brides.com/welsh-gold-coins-royal-family-wedding-rings-auction-11698868

But much sooner than that in terms of the EU's Critical Raw Materials Act. Think SB was hoping for news in Q1.

Good news today for Angus on both fronts, Paul Forrest’s comments are important and their faith and long term confidence is not only important but also financially highly supportive.

And of course the installation of the new booster compressor will vastly improve efficiency and econometrics should get better thus confirming my view that Angus shares are very attractive at these levels.

https://www.malcysblog.com/2025/03/oil-price-dec-serica-angus/

Disagree. Think the market should be allowed to determine the price of the coin without management intervening personally in the bidding.

Until the remainder of the material on the surface has been processed, nobody knows its gold content. One cannot extrapolate on the basis of the first ore which was processed.

UK natural gas futures rose above 105 pence per therm, tracking European prices amid dimming hopes for a Ukraine-Russia ceasefire. Speculation about Russian pipeline flows resuming had briefly lifted sentiment before a key call between Vladimir Putin and Donald Trump. However, during the conversation, Putin set tough conditions for ending the war, demanding an end to Western military aid to Ukraine. While he agreed to a temporary halt on attacks against Ukraine’s energy infrastructure—likely to safeguard Russia’s facilities—he refused a full ceasefire. Shortly after the call, Russia launched fresh drone strikes on Kyiv, further reducing prospects for a peace deal. The UK remains vulnerable to supply disruptions, given its reliance on European imports.

https://tradingeconomics.com/commodity/uk-natural-gas

Also from yesterday:

UK Energy Storage: We’re proud to be attending the "Investing in the Great South West" event in Westminster today promoting the region's investment opportunities, including our salt cavern hydrogen storage projects in Dorset.

UKEn: Our vital role in the "Dorset clean energy super cluster" is featured in Great South West's investment prospectus, including our hydrogen storage.

Equity up, debt down > healthy balance sheet.

Interest payable down.

Paul Forrest, on behalf of Forum said "as a committed shareholder, this conversion reflects our confidence in the Company's future and its continued growth potential. This is a long-term commitment, and we look forward to the Company returning value to us all."

Booster Compressor update

The installation of the new booster compressor is progressing well with commissioning and start-up on track to occur before the end of March 2025. The compressor will allow Angus to operate Saltfleetby at lower well head pressure, increasing production levels and field recovery.