Member Info for ocelot

Re GF's interview:

At 08:28, re North Wales:

"we know there's a lot more gold there to be found and we are doing our damnedest to find it".

Sorry, wrong board!

At the usual website with Justin Waite interviewing:

https://www.xxxxxx.co.uk/articles/alba-assay-results-return-gold-grades-of-up-to-11-35-g-t-at-clogau-st-david-s-gold-mine-9a81c48/

At 08:28, re North Wales:

"we know there's a lot more gold there to be found and we are doing our damnedest to find it".

Not the debt, asset values were impaired.

Hadn't appreciated that: the dump is 10-15 metres deep!

Agreed, wizard125, the balance sheet is solid.

gwilliams71,

Their only debt are the advances made by the 2 other shareholders in HHDL, the repayment of which is determined by HHDL whose controlling shareholder is ... UKOG.

Investors await developments which will enable to share price to rise but it is very difficult to imagine circumstances in which the share price could fall much further from here.

And from the RNS of 14/03/22:

Over subsequent months a more complete re-interpretation will take place over the whole field and in particular over the southern satellite reservoir with the aim of shaping a field development programme to convert some of the 12 BCF of 1C (the low estimate of) contingent resources into 1P (P90 or proven) reserves to supplement the existing 18 BCF of 1P reserves from the main Westphalian reservoir.

Conclusion: there is further potential in the Saltfleetby field which remains to be quantified.

Reminder of the answer to the Investor Question asked on 08/11/21:

When will the full remap images of Saltfleetby be available, and would you buy/lease further equipment to enhance production from other areas of the licence. Thankyou. Asked on 8 November 2021

We are waiting on input from partners on our interpretation and will update on that and discussions with neighbouring licence holders as soon as it is received.

Tenths of pennies means the potential percentage gain can be very considerable, as the trader in you will recognise, Ibug.

Following further discussions with the competent regulator, the Company and its retained
hydrogeological, geochemical and ecological consultants have generated further data and
analysis which have been included in an extensive report which has been submitted to the
regulator for its consideration and ultimate decision.

"Following further discussions with the competent regulator". It sounds, therefore, as though Alba have provided the regulator with the additional information they were seeking. As always, we shall see.

From the pdf version:

Figure 1: First gold pan of <20mm sample from Pit 1 (March 2022)

It's not a gold nugett, but it IS gold.

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/3606F_1-2022-3-19.pdf

Re dewatering:

Following further discussions with the competent regulator, the Company and its retained
hydrogeological, geochemical and ecological consultants have generated further data and
analysis which have been included in an extensive report which has been submitted to the
regulator for its consideration and ultimate decision.

Caravanboy's valuation of 5.7p per share looks to be in the right order of magnitude to me, if not somewhat conservative.

This, too, will lead to higher prices:

The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other.

Baker Hughes Co. on Saturday said it’s suspending new investments in Russia operations but continuing with existing work there, according to a statement. That followed a similar statement by Schlumberger late Friday, when the world’s biggest oilfield contractor immediately cut any new investment in one of the biggest oil-producing nations while leaving existing work there in tact ...

Halliburton Co., the world’s top provider of fracking services, is the only oilfield contractor to halt current and future work in Russia, a country whose oil sector relies on foreign technology, gear and expertise to sustain domestic output of the Kremlin’s key sources of revenue. Halliburton followed some of the largest oil explorers, including BP Plc and Shell Plc, in announcing plans to abandon Russia ...

https://www.bloomberg.com/news/articles/2022-03-19/world-s-biggest-oilfield-contrators-quitting-future-russia-work?sref=Em01M8Hr

It really is the most extraordinary market anomaly: the share price is more or less where it was in the wake of the Brockham RNS of 28/06/19.

In the meantime, the price of natural gas has gone up by how many times? About 6?

And every day we are being shown photos of the progress being made on (and off) site.

The result for 20-21 is one thing but, for myself, more important will be the overall tone of the accompanying text and what they say about the outlook.

Annual results published 16/04 last year, because of the pandemic. Should be by 31/03 this year.

... But for now this looks like it is going to go, I feel .4 -.6 could been seen short term.
--------------------
Think liamcossie may well prove right.

A high of 0.4225p during 09/04/21 - what would it take to see the share price up there again?

Not much, imho, apart from some sustained buying ahead of the Basur-3s drill.