Member Info for ocelot

advfn can't handle cancellations, their system doesn't recognise a negative sign, so they show 3 trades instead of 1.

That could be 1 trade, the other one being cancelled, but it is still a good trade and, again, at 0.35p.

As a pre-revenue company, Alba's share price has been depressed by the market's knowledge of the inevitability of the next placing.

With Alba now showing it can raise funds as and when required, the share price is liberated from this constraint to reflect the company's underlying potential.

Well, it's up 5.4% so that's a start!

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The session is 40 minutes old! - it's a bit early to draw conclusions.

Peel Hunt looks through SSP’s woes

A second wave of coronavirus is stalling a European recovery but SSP (SSPG), on-the-go food group and owner of Upper Crust, is one of the better capitalised of its peers, says Peel Hunt.

Analyst Douglas Jack retained his ‘buy’ recommendation and target price of 325p on the

Shares, which fell 7.4% to 181.6p yesterday.

‘Covid-19’s second wave in Europe has stalled the recovery, but we believe SSP, as one of the better capitalised operators, should survive and emerge strongly when a successful vaccine becomes available,’ said Jack.

Think the speed with which they got away yesterday's placing shows how frustrated they have been at the lack of funding to push ahead with their plans - happily, that situation is now changing.

It's official, the reperforation of HH-1 has not begun in the Summer.

Shares in issue: + 9.0%
Share price: -16.7%
Market cap adjusted for new shares: £19.9m, which now reflects an additional £1.3m in cash.

It closed flat on the day.

Late-reported trades are late-reported trades and can vary from the closing price, which is determined in the closing auction.

Alba is now better-capitalised than at any time while I have held it (several years).

Today's placing means there are now, broadly, 3 layers of warrants, so additional finance will be drawn in automatically as the share price rises. There's:

c£1m in the 0.30-0.32p range;
c£1m in the 0.40-0.42p range;
and, as of today, £1.3m at 0.55p.

volume : 561.6m on AIM, 123.2m on Aquis, 684.8m in all (before any more late-reported trades)

0.35p

Share price wobbles don't affect the gold in the ground, which is made of sterner stuff.

The placing took me by surprise, but they've raised £1.3m with another £1.3m to be raised when the warrants at 0.55p are fully exercised, so that is very positive for the future.

Not that delayed, it's been added into today's volume.

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Impressed by the speed with which Alba went for the fundraise, didn't waste a second!

Reminder (probably redundant!) of the purpose of the programme:

The bulk sampling exercise will be undertaken in conjunction with the underground rock chip sampling, channel sampling and drilling programmes. The Company will look to extract several tonnes of material from each of a number of target zones.

This work is directly aimed at identifying unexploited gold zones and known payshoot extensions within the Mine which will support a decision to reopen the Mine for long-term commercial production. (RNS of 14/08)

The programme will likely involve around 5-10 holes for a total of around 500 metres. (RNS of 14/08)

The Company also confirms, further to our announcement of 14 August 2020, that the underground bulk sampling and drilling programme has now commenced ... The underground bulk sampling and drilling programme is expected to run for the month of September 2020, ... (RNS of 07/09)

"The drilling and bulk sampling programme is progressing well at Clogau-St David's, with two drill holes completed so far for a total of 125 metres with the third hole currently at over 66 metres, and approximately eight tonnes of material collected from three of our bulk sampling targets so far." (today's RNS)