Member Info for ocelot

"140% down" (!?).

Who is guilty of the manipulation of statistics?

Better volume today, 38.9m shares, and a rise of 0.015p, which looks better if expressed in % terms, 8.1%.
The market cap has, therefore, risen to £7.1m, which is tiny.
On the basis of UKOG's purchase of Tellurian's 35%-share of HH for £12m, Alba's holding in HH is valued at about £4m.
That leaves a market cap of £3.1m to cover all its other assets.
But, re gold alone, the recent RNS stated that:
"Alba's licence area has SERIOUS potential to host ONE OR MORE new gold deposits that could rival the historic Clogau-St David's Mine in importance...".
And "Clogau-St David's produced 81koz (81,000 ounces) of gold with an estimated head grade of 24 g/t Au".
If Alba's licence area holds just one new gold deposit to rival the production of the Clogau-St David's mine, then the undervaluation of Alba's share price is very substantial.

The tube stopped and announced: "This is Bethnal Green".

The man of a certain age getting on the tube responded: "Used to be".

YL,

At the present time, any kind of spike is welcome!

Still here!

brent (oanda) $59.16

Going up?

First floor, haberdashery, etc.

140.6m at 12:36
217.1m now.

That was a very active lunch break!

Those traders are helping others buy at current prices - it's all part of the market.

Think it's taken the market a couple of days to take on board the implications of the RNS.

A 69% increase in UKOG's interest in HH is a very significant increase.

150.6m now :-)

.

With thanks to Stockriser on advfn.

See his graph posted at 11:30.

Should never have fallen as low as it has, imho.

While futures in New York rose 2.8% on Thursday, they are still down over 10% in August. Prices got a reprieve after officials from the world’s largest oil exporter said it will keep oil exports below 7 million barrels a day and allocate less crude than customers demand next month. OPEC’s biggest producer will also scale back output in September...

“One of the world’s largest crude suppliers saying they’ll try to re-balance the market is providing traders some comfort,” said Michael Loewen, director of commodity strategy at Scotiabank. “The Saudis will do whatever is necessary to keep the market afloat. They have proven they will do so in the past by cutting supply, so there’s no reason to question whether they’ll do it again.”...

https://www.bloomberg.com/news/articles/2019-08-07/oil-recovers-as-top-producers-consider-steps-to-shore-up-prices?cmpid=BBD080919_OEU&utm_medium=email&utm_source=newsletter&utm_term=190809&utm_campaign=openeurope

https://www.itv.com/news/wales/2019-08-08/miles-of-welsh-gold-has-been-found-in-dolgellau-north-wales/

Just seen an old press article indicating that, on a record day at the time, barrels of oil traded in the day amounted to about 30x the world's daily consumption of oil.

That is one hell of a lot of money, with very major players trying to pull out wafer-thin profit margins all the time.

Thanks to CharlieLondon on the Angus board for signalling this, which was effected yesterday:

Further to our RNS of 28 June, following further works undertaken in June, it is the view of the Company that, on any conventional approach, it is extremely unlikely that commercial hydrocarbon flow can be established from the Kimmeridge layer at Brockham. Nonetheless the Company is exploring all other options for the site including the resumption of extraction from the Portland reservoir.

gold + royal connections = media coverage!

Note, in the Times market report of yesterday, that Alba has become an "Aim-listed gold miner".

Terrible pedant, I'll concede :-)