Member Info for ocelot

"This is an exciting time for all of us, Alba management, Alba shareholders and of course all of our many friends and supporters within the local communities in north Wales, especially around Bonttdu and Dolgellau, as we finally move into this critical phase of work at our primary underground gold target deep within the Lower Llechfraith workings, work which will allow us for the first time to assess the overall gold grade in those never previously mined workings and in turn enable us to confirm the economic feasibility of recommencing commercial mining operations from the UK's largest gold mine."

Your mother will not be very popular if they have to scramble the RAF.

Can management get its market cap to gain some height?

If it can, then the market's concerns about funding will begin to be allayed and the downward spiral can reverse and turn upwards.

We are not there at the present time.

AimDogs,

Was simply citing last year's report to show that the auditors had already drawn attention to the "going concern" at the time.

Couldn't agree more, when you rely on the market to raise funds, your market cap determines how much you can raise and, therefore, what you can do.

This was in the Auditor's Report last year:

"Material uncertainty related to going concern

We draw attention to note 2b in the financial statements, which indicates that the Group will require additional funding in the coming twelve months to meet their ongoing cash requirements ...".

Last year it included the following sentence:

I am mindful that the Company must still provide itself with

near term cash flow so, consequently, was heartened by the

discovery of the light oil seep and the underlying Pinarova

shallow oil prospect in our Resan licence in Turkey ...

Short week, the only judgement is scheduled for Tuesday.

So the judgement will now be delivered after the Easter break. The Easter term begins on Tuesday, 09/04.

https://www.supremecourt.uk/news/future-judgments.html

I've read that China's central bank has been a major buyer of gold for many months, although nobody is sure of the exact figures.

In addition to the prospect of lower interest rates, there does seem to be concern about prospects for the $, for US debt and for the state of internal US politics (quite apart from the risk of sanctions for unfriendly regimes).

Over $2,200 at $2,205.97

$2,179.95 + $22.36

This has been a good, long awaited performance by Angus with profits of £117.810m net, long awaited as this is the debut full year from Saltfleetby. With 2P reserves of a short 5m barrels and net debt of £14.7m the actual numbers change with the complicated derivatives used during the year.

The new executive management have done a great job and the extensive numbers in the annual report are a tribute to their application last year. I look forward to watching the shares this year as they channel the value of Saltfleetby.

Because 31/03 is Easter Sunday and Good Friday is 29/03.

$2,158.46.

GoldnOilDiggger offers a pint, I offer the spot gold price.

Management is better placed than any of us to assess the company's present situation and prospects.

They look to be fighting hard.

If they can turn this around, they will earn the market's respect.

Broadford Bridge Planning Update

UK Oil & Gas PLC (London AIM: UKOG) announces that its application to extend the planning consent at its Broadford Bridge (UKOG 100%) site, primarily to assess the viability of converting the site to harness geothermal heat and power, was today refused by West Sussex County Council. Although the envisaged geothermal scheme is entirely peripheral to the Company's core petroleum and hydrogen storage activities and is of no current materiality, the Company will further consider its position and has six months in which to lodge an appeal should it so decide.

Sdyas,

Individuals aren't going to tell GF whether they are buying or selling and why, GF is in no better position to answer the question than any poster on this board.

When GF has some information to announce, he will do so.

Late-reported trade 43 from 10:18:19:

27.2m+ at 0.0735p, explains the drop to 0.07/0.08p around that time.

For GF's remuneration, why not look at the annual report?

https://www.albamineralresources.com/wp-content/uploads/2023/05/2022-Alba-FS-Web.pdf

They've clearly decided to focus on Brockham and Balcombe amongst their oil assets.

In performing impairment review, the Group assessed the economic value of individual production assets. Following the Company's analysis of the re-mapping of the Lidsey structure, the company has decided, for the time being, not to continue with any further exploration at the site. Instead, it has focused its attention on re-starting production from the Lidsey X2 well, which has previously produced from the Jurassic Great Oolite Limestones. On this basis it has considered an Impairment on Lidsey of £3.717m. (from Note 11)

Richard Herbert, the Company's Chief Executive Officer and Carlos Fernandes, Chief Financial Officer, will be holding a live Investor presentation and Q&A session via the Investor Meet Company platform on 26TH March 2024 at 5.30 pm (UK Local time).