Member Info for ocelot

Obviously, there will be further placings down the line, but on its present capital base 2p represents a market cap of about £125m.

They are sitting on some potentially very valuable and sought-after resources, who knows how high the share price can rise when these resources move into production?

Sorry, ignore my last post, got my board confused with that of Angus.

Re 2p for Alba, looking to see how Clogau, the Dolgellau gold field and Greenroc Mining develop.

Waiting for developments re "at least 6 bona fide approaches" concerning Saltfleetby and/or the company itself.

Futures in New York rose as much as 2% with the global benchmark touching $90 a barrel for the first time in seven years on Wednesday. Inventories at the largest U.S. oil hub fell 1.8 million barrels for the third week in a row. The oil market’s structure has surged in recent days, signaling tight supply.

Prices are also moving on mounting concern over a possible Russian incursion into Ukraine, with U.S. President Joe Biden saying he’d consider sanctioning Vladimir Putin if the Russian leader orders an invasion. While a potential conflict carries large risks for financial markets -- especially energy commodities such as natural gas and oil -- Goldman Sachs’s base case is for no disruption to supplies ...

“The market has basically been in persistent undersupply since mid-2020, thanks to OPEC+ cuts and a continued oil demand recovery,” said Helge Andre Martinsen, a senior oil analyst at DNB ASA. “We fully acknowledge that the world is not running out of oil resources, but we might enter an oil-market squeeze triggered by too little investment and oil demand rebounding quickly.” (from Bloomberg)

$90.08

Disclosure RNS: Patrick Clanwilliam has 2m shares more than in the previous RNS of 18/01.

$89.07

Like the way, from about 9:25, their 3D model enables them to see that the 32m trial drive could not intercept the 7-10 lode but seems to be, in a manner of speaking, hanging in the air.

It makes one realise how good earlier generations of miners were, that they were able to extract so much gold without these modern techniques, and how rich the mine is.

https://www.youtube.com/watch?v=WtMd_n7cvyk

Don't see them pausing development in those circumstances either - the closer Angus arrives to first gas, the stronger its bargaining position.

spot: $1,852.18.

Haven't seen it over $1,850 in quite some time.

https://twitter.com/AlbaMinerals?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

It's clearly presented - the potential is, I would have thought, without being a geologist, undeniable.

20 Jan
Seismic survey continues ahead Basur sidetrack drilling. Key lines acquired ready for processing ... before snow arrives

We are approaching the end of January. Basur sidetrack drilling is in the near term now.

They did well to achieve this before the snows arrived:

https://twitter.com/ukoglistedonaim

gwilliams71,

It's not current production levels that are of interest but prospective production levels and operating margins from SE Turkey, ie. it's not the present but the near future that matters (imho).

Alba is a gold exploration company aiming to become a gold production company. The gold price is, therefore, of relevance to Alba and its projects.

gone (not one)

Spreadex have one, that's true.

The oil market is running out of sellers in its surge to almost $90 a barrel.

Whether it’s speculators, traders hedging their barrels in storage tanks or U.S. producers, some of the biggest drivers of bearish price movements have all retreated in recent months.

As global stockpiles fall to seven-year lows, traders don’t need to sell as many futures contracts to hedge those supplies. Producers in the U.S. shale patch have shown little sign of looking to lock in future sales, according to several derivatives brokers over the past week. Meanwhile as calls for $100 crude mount, speculators have turned increasingly bullish on prices, shying away from short positions.

“The market has run out of sellers,” according to Ilia Bouchouev, a partner at Pentathlon Investments and adjunct professor at New York University. “The largest player in the futures market is the inventory hedger. When inventories are drawing they cannot hedge.” ...

https://www.bloomberg.com/news/articles/2022-01-24/oil-market-runs-out-of-bears-in-its-surge-to-the-brink-of-90?sref=Em01M8Hr

Gold just got a very bullish sign from investors who are returning to the precious metal in a big way.

SPDR Gold Shares, the largest bullion-backed exchange-traded fund, on Friday recorded its biggest net inflow in dollar terms since listing in 2004 -- worth $1.63 billion. Changes in ETF holdings are monitored as a gauge of investor interest in longer-term bets on gold. Holdings declined in 2021, a lackluster year for gold prices.

The jump comes before this week’s pivotal Federal Reserve meeting, which economists expect will signal a March start for rate hikes. Even as the Fed gets ready to tighten, which could dampen the appeal of non-interest bearing bullion, demand for the haven is getting support from the drop in equities, U.S.-Russia tensions over Ukraine, and the plunge in Bitcoin.

In tonnage terms, Friday’s net inflow was 27.6 tons. Meanwhile hedge funds trading the Comex cut back their bullish bets to a five-week low in the week through to last Tuesday ...

https://www.bloomberg.com/news/articles/2022-01-24/world-s-top-gold-etf-sees-holdings-surge-in-bullish-demand-sign?sref=Em01M8Hr