Member Info for ocelot

Https://drillordrop.com/2024/09/24/end-of-the-line-for-broadford-bridge/

"In support of this proposal, we have committed to working with UKEn to ensure that the design and delivery of the storage facility meets the needs of RWE and other potential industry users." (RWE LOS RNS of 02/08)

It may not be a binding agreement, a contract or provide any financial guarantees but it is a written commitment freely made by a major industry player.

Asllankukeli,

Not aware that I blame "people that post their frustration with alba management".

Generally, I seek to post about Alba and the gold market and to avoid making comments about posters.

Best wishes.

Heading up again, currently at a new all-time high above $2,640.

Time Alba's share price began to benefit from the rise in price of what is doubtless a substantial resource, even if bonanza grades remain to be extracted for the present.

What little volume there is can be found on Aquis: 3 trades for a total of 3.9m shares.

Thank you, Bubblepoint, for you own civil comments.

I should add, perhaps, of the troll who hadn't realised shares can trade within their bid and offer prices, that he claimed to be an ace trader!

Note how many of the trolls speak about UKOG without ever speaking about its share price in any meaningful sense ("short it to zero" is about as far as their market comment can stretch).

PS: I spoke of the troll in the past tense, but that is because I put him on filter a long time ago. As far as I am aware, however, he still posts.

It's stranger still, maidit308, because some of the trolls don't seem to have ever traded any stock.

I remember one of the regulars not realising that a stock can trade within the bid and offer prices, so this was someone who had never done a trade in their life or ever looked at a report of trade prices.

ZYX098,

Not everybody is Adrian!

Fraggledog wasn't Adrian, neither was AimingLow.

Https://www.kitco.com/charts/gold

See page 3 of UKOG's UK Energy Overview of 05/07/24:

https://www.ukogplc.com/ul/UKEn%20Overview%20Web%20V4%20050724.pdf

Isn't it more a question of the need to store wind and solar energy until it is needed?

Re potential impairments, believe a lot will depend upon developments re HH (as a whole, not just HH-1).

Extract from the interim results RNS of 28/06:

"... Consequently, the Company now plans to work closely with SCC to promptly rectify the situation, either via an amendment to the original 2018 planning application's EIA or via a new retrospective planning submission, for which there is recent planning precedent within Surrey.

In the case of a retrospective planning solution, the field's historic and future expected production volumes would fall below the 500 tonnes/day (c. 3,700 barrels/day) production threshold for which an EIA is mandatory for petroleum extraction developments".

Has an appeal been lodged or not? They had 6 months to do so from 19/03/24.

£33.294m of book net assets at 31/03/24.

Exploration and evaluation assets will be the subject of a management review for impairment before publication of the annual report for the year ending on the 30th of this month, annual report due by 31/03/25.

Another factor is the central banks of BRICs countries upping their gold reserves because of, for one reason or another, a certain wariness of the dollar.

Eye-catching heading for an article on Kitco's site:

"The opportunity in gold stocks ‘is as compelling as any we’ve seen in the history of the gold market’ – Goehring & Rozencwajg"

https://www.kitco.com/news/article/2024-09-19/opportunity-gold-stocks-compelling-any-weve-seen-history-gold-market?utm_source=site_navigation&utm_medium=sidebar_link&utm_campaign=latest_news&utm_term=gold_ab_sidebar_news

Indeed, the current share price is more or less the equivalent of option money.

If any industry player is taking an interest in developments at Alba, why not purchase some options now before, in the event of success, the price rises substantially?