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From 04:06, RH:
the refinancing ... "has introduced Trafigura as a strategic partner going forwards ...".
Trafigura "sees Angus as an exciting growth opportunity and they would like to work with us to grow the company in the future".
LONDON, Dec 8 (Reuters) - Commodities trader Trafigura posted a record net profit of about $7.4 billion for the 12 months to the end of September, up 5% from a year earlier, ...
We've raised some funds today. A few thoughts on that. Some of this may be obvious to some (sorry):
As a pre-revenue company, we have to raise money on the stock market to fund our exploration & development work.
We depend on positive news and developments across our...
9:27 AM · Mar 28, 2024
Alba Mineral Resources
@AlbaMinerals
·
1h
...asset portfolio to attract funds in what is an especially tough investment market. Thankfully we have made really good progress at Clogau in recent times after significant challenges (especially permitting-wise).
The last time we raised money was last July, so 8 months ago.
"With stable production and free cash flow and the refinancing completed, the Company can focus on
growth opportunities
• Angus has built a world class management team who are committed to increasing shareholder value ..."
Is this a management team which is likely to remain satisfied with a market cap sitting around £16.5m?
The answer is a very definite "No".
Important to avoid knee-jerk reactions this morning and keep things in perspective.
To date, there have been 3 trades of 6m or over.
Today's RNS does not call into question the RNS of 25/03 or the very exciting prospects for Clogau and the Dolgellau gold field.
Processing and interpretation of the airborne geophysical survey undertaken over Alba's key regional gold targets continues, with results expected from the first survey site, Clogau, in the week commencing 25 March. (RNS of 22/03).
... In relation to corporate activities:
- The furthering of partnership, marketing and offtake discussions in relation to gold produced at Clogau and the continuation of development work to establish a fully traceable "mine-to-market" supply chain to underpin the Company's ability to command a premium price for its gold production.
- Due diligence and option fees / deposits in respect of potentially value-enhancing acquisitions and investments ...
Https://www.londonstockexchange.com/news-article/ALBA/share-placing/16399005
At 0.065p to raise £380k
It was the presentation PIs have been asking for, Bubblepoint, presentations tend to rely upon words and slides.
Given the present price level, all of the running has already been done.
Imho, they made a very good impression.
Re storage from 45:34, Krzys Zielicki:
"huge opportunity here" "... to become a major player in something which is of major strategic value to the UK".
Storage capacity in Germany, about 90 days, in Poland, about 100 days, in France, about 90 days, in the UK, about 36-48 hours.
Ross Pearson presents the work done on mapping Saltfleetby from 21:35 with the map of the structure being displayed from 24:50.
Speaks of "potential upside in reserves not captured in the (most recent) CPR" and of "much deeper gas-water contact than previously assumed" which "significantly increases the size of the field".