Member Info for ocelot

82,187,500 new shares in all.

saint-tropez,

82,187,500 shares in all.

1st placing: £450k
2nd placing: £1.3m
warrants to date: £549k

Alba can't progress its range of projects without cash, so, imho, this is all very positive.

£2.299m!

£149k makes £2.299k raised through placings and warrants since 03/08.

If it can get to 0.7p, then I think the rise can accelerate.

There will be another placing, yes.

But, given that the last one took place 2 weeks and 2 days ago, it is not something that is currently near the top of my concerns.

If it currently concerns you, Garlic, so be it.

As I've said, I think the placing was to accelerate the finalisation of the agreement with AME.

For the rest, we shall have to wait for more information from the company.

The assignment of the 50% interest from AME to UKOG is subject to Turkish governmental approval, which is expected to take around 2 months from submittal of the necessary standard documentation. It is expected that these documents will be submitted over the next few weeks whilst the formal agreements between UKOG and AME are finalised. (RNS of 23/07).

Imho, the assignment of the 50% interest to UKOG is something that will need to be signalled to shareholders.

They won't be investing much in Turkey until the government approves of the assignment of 50% of the interest in the licence to UKOG.

The placing was made when it was to enable the finalisation of the agreement with AME (imho).

Russia and Saudi Arabia held a second, and unusual, phone call this week to discuss the OPEC+ agreement after officials from the group warned on Friday of the potential for a weaker oil market in 2021.

President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman spoke Saturday in what the Kremlin said was a continuation of an Oct. 13 conversation. The two discussed the OPEC+ cooperation “extensively,” the Kremlin said in an emailed statement.

“Both sides reiterated their readiness for further close coordination in this area in the interest of maintaining stability in the world energy market,” the Kremlin said.

The latest call came two days before several OPEC+ ministers are set to discuss the implementation of production cuts during a meeting of the so-called Joint Ministerial Monitoring Committee. The steering group meets monthly to analyze the market, with their recommendation later reviewed by the whole group. The next full OPEC+ ministerial meeting is scheduled for Nov. 30 and Dec 1...

https://www.bloomberg.com/news/articles/2020-10-17/russia-saudi-arabia-ready-to-keep-energy-market-stable-kremlin?srnd=premium-europe&sref=Em01M8Hr

https://www.barchart.com/futures/quotes/NF*0/futures-prices

Good spot, Kingkongrider.

Lots of news flow anticipated from Clogau between now and the end of the year.

A reminder that elsewhere:

Amitsoq: results of ProGraphite's testwork awaited (RNS of 19/02/20);

Melville Bay iron ore project: detailed conceptual study underway (RNS of 28/08);

Thule Black Sands: commissioning of a testwork programme in respect of the Company's existing bulk sample to confirm the products to be produced from TBS ilmenite (RNS of 21/09).

The Knowe Properties debt is a convertible.

On a fully diluted basis, therefore, it falls by the wayside and is replaced by equity.

The higher the share price rises, the more management will be advised to go for another placing (and warrants holders will be tempted to exercise their warrants), the more cash they will have with which to accelerate the development of their projects and the bigger Alba's market cap will become.

It's more of a micro than a small cap at present, but it may well be on the way to becoming small cap.

10 bag sounds a bit ambitious for "soon", but 6 bags, why not?

By a whisker, that is the highest close in ages: 0.535p.

It closed at 0.53p on 28 and 29/09.

https://drillordrop.com/2020/10/16/ukog-gives-up-surrey-hills-oil-exploration-licence/

https://drillordrop.com/2020/10/16/ukog-gives-up-surrey-hills-oil-exploration-licence/