Member Info for ocelot

Doubt it very much, it's not the kind of ploy that suddenly produces a 95% favourable vote.

"... 5-10% of net salary, dependent upon individual circumstance."

These were never figures which were going to make much of a financial impact, it was all about the board being seen to invest something in the company.

I have no idea why they have provided no explanation for failing to follow through on their RNS, but they are clearly within their rights otherwise the Nomad would have intervened.

From page 20 of the Feb 2021 presentation:

12-24 Month Plan
? Commissioning of Preliminary Economic Assessment (PEA) or Pre-Feasibility Study (PFS)
? Submission of full planning application to re-open the mine
? Execute offtake agreements for sale of Clogau gold
? Upgrade/construction of long-term processing facilities
? Commencement of commercial production

https://www.albamineralresources.com/wp-content/uploads/2020/12/20210209-ALBA-presentation-UK-Ireland-FINAL.pdf

Looking at the 7-year graph, Alba tends to shoot up to a peak very quickly and then slide away over the following months before recommencing the cycle.

The highest in those 7 years was about 0.80p, the lowest last year, with the pandemic, at about 0.05p.

Is there any reason why Alba is unlikely to shoot up again? No, not in my opinion.

Is there any reason to believe Alba can break out of this cycle on the upside? Yes, in my humble opinion.

Alba has never been closer to production from one or more of its exploration assets and generating the cash flow to advance further its projects and become less reliant upon the equity market.

In the longer term, substantially more than that when, in addition to Saltfleetby, the prospects of Lidsey and geothermal begin to be taken seriously by the market.

In fact, a lot of adjustments would be required to update it, especially given the IPO of Greenroc Mining!

And this is the link to First Equity's research note of 15/06/20 which indicated a value of 0.56p per share at the time (all these months later, adjustments need to be made to bring this value up to date):

https://www.albamineralresources.com/wp-content/uploads/2021/02/Alba-Mineral-Resources-Research-Note-First-Equity-Limited-June-2020.pdf

That the price of gold isn't the only factor at play in determining the share price.

It wasn't academic last year, when the price of gold rose and so did Alba's share price.

The United Arab Emirates said oil prices would be even higher today if it wasn’t for OPEC+, signaling the group will continue resisting U.S. pressure to pump faster.

“Fortunately, we have OPEC+,” UAE Energy Minister Suhail Al-Mazrouei said Monday at the Africa Oil Week conference in Dubai. The 23-nation alliance of major crude exporters has prevented “us from having double or triple the prices and that’s something we need to appreciate.” ... (from Bloomberg)

Instead of protesting against oil exploration, perhaps some of the activists should protest in favour of green energy projects and against nimbys!

Omitted to give the title of the interview with the CEO of Vattenfall:

"If you English want green energy, stop being nimbys about our windfarms".

Also in the Sunday Times, interview with Anna Borg, the CEO of the Swedish power giant Vattenfall.

Been waiting since 2009 to obtain permission to develop a wind farm off the Norfolk coast.

"She believes an overhaul of the planning process must occur if we (the English - not the Scottish, who have been more welcoming) are to avoid the sort of delays seen in building new nuclear plants. 'The trick is to make this happen in reality. And in order to do that, the consulting and the permitting processes need to be smoother and faster' ...

She wants different steps of the permission process to be run at the same time to speed things up".

The Sunday Times Money section, page 12, article on energy stocks sub-titled: "The more the world turns to alternative fuels, the more in demand gas and oil will become".

"The drive to decarbonise the world will push up the share price of oil and gas firms until at least the end of this decade, analysts claim ...".

Morgan Stanley expects Brent to trade at $95 by January.

"Martijn Rats, a commodities expert at Morgan Stanley, said: 'For the world to decarbonise, both the demand and supply for fossil fuels need to decline, but getting these 2 things to sync is challenging. On current trends we expect oil and gas demand to peak by the end of this decade, but we expect the peak in supply by 2025. This could support commodity prices, at least until 2030 ...".

The Sunday Times Money section, page 12, article on energy stocks sub-titled: "The more the world turns to alternative fuels, the more in demand gas and oil will become".

"The drive to decarbonise the world will push up the share price of oil and gas firms until at least the end of this decade, analysts claim ...".

Morgan Stanley expects Brent to trade at $95 by January.

"Martijn Rats, a commodities expert at Morgan Stanley, said: 'For the world to decarbonise, both the demand and supply for fossil fuels need to decline, but getting these 2 things to sync is challenging. On current trends we expect oil and gas demand to peak by the end of this decade, but we expect the peak in supply by 2025. This could support commodity prices, at least until 2030 ...".

Loxley, HH-2z, Basur-3, the new direction into geothermal and hydrogen-based energy in the UK ...

things may be quiet in terms of RNSs, but there is doubtless a lot going on in the background.

Comments below from Andrew Bailey are important for the economics of Loxley - let's hope UKOG receives a favourable appeal decision in the coming days and weeks.

The BoE governor Andrew Bailey's comments reported in the Times this morning (page 2):

"... The biggest cause of the greater inflationary pressure at the moment is energy, particularly gas" ...

He said that decarbonisation was likely to be a factor explaining the rising gas prices and said that it was "reasonable and necessary" to assume that the fight against climate change would result in permanent rises...

The BoE governor Andrew Bailey's comments reported in the Times this morning (page 2):

"... The biggest cause of the greater inflationary pressure at the moment is energy, particularly gas" ...

He said that decarbonisation was likely to be a factor explaining the rising gas prices and said that is was "reasonable and necessary" to assume that the fight against climate change would result in permanent rises...

The most obvious beneficiaries are Saudi Arabia and Russia.

It's an absolutely classic situation, where good intentions don't necessarily produce good results.