Member Info for ocelot

We've raised some funds today. A few thoughts on that. Some of this may be obvious to some (sorry):

As a pre-revenue company, we have to raise money on the stock market to fund our exploration & development work.

We depend on positive news and developments across our...

9:27 AM · Mar 28, 2024

Alba Mineral Resources

@AlbaMinerals

·

1h

...asset portfolio to attract funds in what is an especially tough investment market. Thankfully we have made really good progress at Clogau in recent times after significant challenges (especially permitting-wise).

The last time we raised money was last July, so 8 months ago.

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

At 09:17:05 - one more buy in the red column of sells

"With stable production and free cash flow and the refinancing completed, the Company can focus on

growth opportunities

• Angus has built a world class management team who are committed to increasing shareholder value ..."

Is this a management team which is likely to remain satisfied with a market cap sitting around £16.5m?

The answer is a very definite "No".

Important to avoid knee-jerk reactions this morning and keep things in perspective.

To date, there have been 3 trades of 6m or over.

Today's RNS does not call into question the RNS of 25/03 or the very exciting prospects for Clogau and the Dolgellau gold field.

Processing and interpretation of the airborne geophysical survey undertaken over Alba's key regional gold targets continues, with results expected from the first survey site, Clogau, in the week commencing 25 March. (RNS of 22/03).

... In relation to corporate activities:

- The furthering of partnership, marketing and offtake discussions in relation to gold produced at Clogau and the continuation of development work to establish a fully traceable "mine-to-market" supply chain to underpin the Company's ability to command a premium price for its gold production.

- Due diligence and option fees / deposits in respect of potentially value-enhancing acquisitions and investments ...

Https://www.londonstockexchange.com/news-article/ALBA/share-placing/16399005

At 0.065p to raise £380k

It was the presentation PIs have been asking for, Bubblepoint, presentations tend to rely upon words and slides.

Given the present price level, all of the running has already been done.

Imho, they made a very good impression.

"... Angus is now looking at growth". (RH at 30:57)

growth will be "a combination of organic and mergers and acquisitions " (KZ at 33:00)

Re storage from 45:34, Krzys Zielicki:

"huge opportunity here" "... to become a major player in something which is of major strategic value to the UK".

Storage capacity in Germany, about 90 days, in Poland, about 100 days, in France, about 90 days, in the UK, about 36-48 hours.

Last trading day in the quarter

Ross Pearson presents the work done on mapping Saltfleetby from 21:35 with the map of the structure being displayed from 24:50.

Speaks of "potential upside in reserves not captured in the (most recent) CPR" and of "much deeper gas-water contact than previously assumed" which "significantly increases the size of the field".

With stable production and free cash flow and the refinancing completed, the Company can focus on

growth opportunities

• Angus has built a world class management team who are committed to increasing shareholder value

• Potential for organic growth in production of oil and gas at existing fields

• Angus operational experience onshore UK provides significant opportunity for gas storage at Saltfleetby

and other sites as UK becomes more reliant on imported gas

• The company believes there will be significant acquisition opportunities in the UK as other operators

indicate their reduction in UK investment

• We have a strategic funding partner in Trafigura

• Angus is looking at opportunities inside and outside the UK, specifically in North Africa, North America

and Continental Europe

https://www.angusenergy.co.uk/wp-content/uploads/2024/03/Angus-IMC-Mar-2024-FINAL.pdf

The comment made about 5x EBITDA was in relation to US valuation metrics.

Obviously, Angus is a UK stock. Nevertheless, even allowing for the low valuation of the UK market, 1x EBITDA is a very low multiple.

GROC owns the Greenland assets.

Alba owns 37.49% of GROC.

Https://www.londonstockexchange.com/news-article/UKOG/loxley-gas-project-update/16396664

Also available on the website under Media/Presentations

https://www.londonstockexchange.com/news-article/ANGS/investor-presentation/16396814

Rick123,

Didn't have the opportunity - he was gone.

They didn't have the time to answer all of the questions they received but, who knows? they might have taken yours if you had submitted it amongst the first.