Member Info for ocelot

Alba is not responsible for NRW's requirements.

Their knowledge of the mine is advancing apace. Keep up the word work!

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/5272M_1-2021-9-21.pdf

It has therefore been determined that a new branch of the vein system exists between the
Jack Williams and 7-10 Lodes and forms a key part of the Main Lode System Extension
(see the red plane in Figure 2). This new branch has been called the New Branch Lode.
This is an exciting development as it adds further new development potential to the zones
already identified in the Company’s drilling campaigns.

The potential in the Dolgellau gold belt is "huge" ... but it can't be unlocked in a day.

The spin-off of the Greenland portfolio into a separate listed company is an astute move and should help both the portfolio and Alba to advance more quickly.

I have no explanation for the lacklustre share performance so far this year: as far as I am concerned, Alba is doing everything right and offers a cheap buying opportunity at the present share price level.

£14m market cap. Will Greenroc Mining, flush with cash, be making a bid for Alba? :-)

Speaking to the BBC in New York, where he has been meeting world leaders at the United Nations, Mr Johnson said the surge in energy prices was a "short-term" problem caused by "the global economy coming back to life" after the coronavirus pandemic.

Not as short term as all that, according to futures prices:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

meeting "to discuss the development plan for the Clogau-St David's Gold Mine".

To make an obvious point:

if you are looking to expand your licence area, it's because you believe it is in your interest to do so, but you don't ask the town crier to declaim your reasons for doing so from the top of the steps of the town hall, in order to avoid creating unwelcome competition.

... bringing the total area under licence to Alba to 188 km(2) (see Figure 1 in the PDF version of this RNS).

Believe that covers a huge amount of gold.

Some 190ps at the close. Close to a 15% rise on the Jan 22 contract.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

Some 190ps at the close. Close to a 15% rise on the Jan 22 contract.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

Lee1978,

:-) You know the old story, that it was the guys selling the shovels who made the money in the Gold Rush (plus some of the bar owners as, if I remember right, the Trump family can confirm).

Having said that, remain very bullish on Alba, believe their shovels will produce a great deal of gold of high quality, vastly more than the market is currently anticipating.

Yanis,

Think of the counter-party! In order to provide a hedge at 43p, they will, in turn, I imagine, have laid off their commitment, in a similar way to insurers laying off their risk.

That would be an extremely expensive exercise, Yanis.

Fortunate you, enjoy your time there.

Yes, think it's got a long way to go ... up.

up about 20p since 14:00.

Very happy with the RNS, they wouldn't have sought to expand the total licence area if they didn't think it was worth doing:

... This new area will be included within our overall plan for
continued regional exploration of the Dolgellau Gold Field, details of which will be
announced soon.”

UJO has not reacted well to last Friday's RNS in response to market rumours of an equity raise.

By holding steady and, indeed, moving marginally up, UKOG's market cap now exceeds that of UJO.

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/2253M_1-2021-9-19.pdf

The simple truth is that the UK (economy, industry, consumers) needs producers of natural gas.