Member Info for ocelot

... He comes with a huge amount of experience working for major mining companies, including hands-on experience in managing all aspects of the development of a gold mine in Africa from exploration through to the building of a processing plant and the ultimate export and sale of gold bars."

Clear statement of intent there.

PS: the 500k referred to Clogau and the Dolgellau gold belt.

The Telegraph's figure of 500k ounces was the top end of the range of a report produced in 2012, so it predates the work done by Alba.

Without a more recent report, 500k was the highest figure available to the Telegraph at the time of the article.

The debt facility RNS was 23/09, the conference all, 25/09, today's 27/10, we should be getting there.

Hopefully, we will learn more quite soon.

I see from a Citywire article on today's market that BP's break-even Brent price is $42, one metric on which UKOG emerges very well (all it needs is more of the stuff!).

Volume is so-so (40.3m on AIM), but the share price is creeping up quite nicely.

Best time to buy, therefore, perhaps.

"huge regional gold potential" + "high possibility" of finding gold + low market cap = a stock with a lot to offer.

I'd suggest that ANGS went in for the P10 case in the CPR and wanted over £ 20mm but the due diligence wouldn't support that number.
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Think you're wrong, Mirasol, fail to see how the market cap would have supported more than £10m of borrowing for ANGS alone.

And why would they have needed to seek more than £10m of borrowings?

We nonetheless spent the summer doing technical and financial due diligence with one well known institution and were only pushed back due to this size issue at the last minute. (from answer to IQ asked 30/09).

The international bank GL spoke of in his conference call of 25/09, he didn't disclose the name.

https://www.angusenergy.co.uk/media/videos/

When there is greater clarity re the debt facility, I imagine.

Don't forget that the big international bank is offering its assistance.

The share price rise to date is, imho, modest.

I was very surprised the share price fell much below 0.30p, Covid-19 being the culprit.

At 0.445p, Alba's risen about 50% on what I thought should have been the bottom (plus or minus a bit).

Just depends on where the mid-price is at the time, doesn't necessarily mean anything.

So how many warrants do you hold, Mr008?

Thank you for the update, HH1AN2.

The programme (of underground drilling and bulk sampling) is scheduled to continue until the end of October, following which we will move into the formal assaying of all the drilled and sampled material, the start of the first phase of our regional surface trenching programme as well as preparations for the surface drilling campaign which we also hope to kick off next month." (RNS of 21/10).

Lots of further developments planned in the very near future!

In fact, that's what yours truly did.

Got caught out by the Brockham RNS of 28/06/19, but it was only for a modest sum, so have since averaged down.