Member Info for ocelot

But do those negative comments carry any weight?

Linkedin provides the name of Michal Solowow: this is serious money:

https://www.forbes.com/profile/michal-solowow/

Having said which, of course, volume promptly dries up!

102.6m so far, per advfn.

Looks as if today's session may be of a pivotal nature (imho)

We're not far off the exercise price of the warrants (0.13p) which, if all exercised, would inject a further £450k into Alba:

Share warrants will also be issued to each subscriber in the Placing, with one warrant to be issued for every two shares subscribed for, for a total of 346,153,846 warrants.

The warrants will have an exercise price of 0.13p per share and an expiration date of 24 months from the date of issue. The warrants will also be subject to an accelerator provision, such that if at any time during the 24 month duration of the warrants the 10-day volume-weighted average price (VWAP) of Alba ordinary shares exceeds 0.26p per share, the Company may give warrant holders notice to exercise their warrants within 10 business days following the Company's notice and to pay the exercise price in full within 15 business days following the Company's notice, failing which the warrants will automatically expire. (from the share placing RNS of 3/08)

With thanks to boonkoh on a rival site:

Interesting that Ms Galleon now have almost a 20% stake (18.94%), built up over the last few months.

They look like a family office.

Chairman is a successful businessperson who owns several flooring companies in Europe and UK, including the decently large Barlinek. Guessing he has some strong convictions and insight into UK flooring market...!

As of now, 169 trades on AIM, 134 trades on Nex.

p17: "Dolgellau gold exploration project: huge regional gold potential"

Am repeating myself, but have been following Alba for quite some time now.

For Alba to employ the phrase "huge regional gold potential" means something, because their communication tends to be factual and detailed.

You do NOT value a company currently in full on assumed revenue, especially when that revenue is over a decade.
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CaptnHindsight,

NET revenue NOT revenue, ie net revenue = revenue after operating expenses, capital costs and corporate taxes, discounted at 10% pa to give the net present value at 01/01/20 (see p52 of the Saltfleetby CPR for the mid-case forecast).

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

CaptnHindsight,

You cut off the extract from my post, rendering your extract somewhat meaningless, so here is what I wrote in full:

that is to say, of the net present values of the Saltfleetby CPR's net revenue forecasts, £6.256m or 1.04p per share already exists but is currently not included in book net assets.

For a long time, 0.80-0.85p seemed to be the absolute bottom of its trading range: this year has upended that rule of thumb.

PS: think it could be trading in that range now.

Am hoping it will go higher than that over time.

Agreed, Sageman, think it could be trading in the 2.50-4.00p range, ie market cap of about £15-25m.

2. The £30m is derived over 10-12 years of the lifetime of project. So you cannot just add £30m to mcap and say thats what the price should be today.
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Hence the calculation of net present values as at 01/01/20.

Book net assets which were £11,116m at 31/03/20 or 1.84p per share.

that is to say, of the net present values of the Saltfleetby CPR's net revenue forecasts, £6.256m or 1.04p per share already exists but is currently not included in book net assets.

It's important not to double-count the deferred tax asset (see the Saltfleetby CPR, p47).

AEWB No.3 Limited's tax losses at 30/09/19 of £15.64m at 40% = £6.256m.

These tax losses are included in the CPR's net revenue forecasts, hence the absence of corporate taxes in the first years of, for example, the mid-case forecast (CPR, p52).

Unlike the forecasts, however, the tax losses exist already, but are not yet included in Angus's book net assets.

Significant chunk of equity is changing hands to day.

So far, 413.7m out of 4,834m, ie. 8.6% of total issued capital.

Best wishes.

That RNS has certainly generated interest, we're up to 250.9m shares traded now (advfn).