Member Info for Rambo23

Scully haha well Rambo never runs out of bullets so I'm taking the same approach! Exploding Arrows were revolutionary. Might lob some at the protestors outside the camp so they don't get inside the wire. haha

Scully I have millions of these and have no intention of selling these anytime soon. Not interested in day trading these unlike some and won’t panic sell. The potential here is many pence but only the up coming RNS leading up to xmas will determine where we are at and some of this will ultimately be determined by news and movement from other companies, namely UKOG, Bluejay etc Personally I think the TBS JORC could be a game changer and if an offtake gets done by bluejay (prior to Alba releasing its JORC -expected) it will at the very least put a value on their resource in the ground. This will aid our cause no doubt and if we deliver good results this will boost the SP. meantime let’s see what HH offers us.

Dsfat - good post. It sets the scene well. Bluejay expecting to get an offtake over the line soon and their mkt cap will fly up even further. Lots of milestones for Alba coming and hopefully all positive. Let’s make lots more money!!! I bought another clip yesterday.

Hi Daramuda, Yes that makes sense and is my current assumption as Rod did say in one video I have seen that it’s a chicken and egg situation and therefore offtake agreements might be contingent on bluejay meeting various milestones etc which I guess is fair enough and the exploitation license would be one but that still looks like a few months away and are hoping to see offtakes before then. Any expectation on the size of offtakes? Previously I have seen 300k referenced in some presentation as initial production numbers but that was some time ago. Obviously they need to know how much can be mined in the short field season out there. I hope this element won’t be a massive issue as it’s certainly not ideal having a window to mine and it being closed for the rest of the year. This could restrict its potential.

Solid start!! . Love a wheelbarrow full of money the only problem is I’m going to need a bigger one or several. Good PR by DL liked his no BS approach and references to the nimbys haha

Degsy good post thanks. How/ where did you see this pop up?

Seaace how do you get to 2700 bopd?? 228 Bopd means barrels per day!This figure was without the pump so 350ish with pump but choked. Please correct me if what I have said is not as per the RNS Solid RNS though and good to see.

Anyone have any idea how much volume of liquid (hopefully oil) this type of pump can produce at a maximum per stroke? Trying to get a gauge on if the frequency of the strokes can accurately determine a volume brought up to the surface or there are other factors to consider here. Thanks

Degsy it’s an interesting read but it’s quite old now. Hopefully there will be updates before the end of the year reflecting EWT results, ALBA field season/ possibly a maiden TBS JORC and any JAY progress. Also a reflection including the multiple dilutions is also required.

Kaellumbear thanks Is that each tank having a 1200 capacity or the total capacity of the storage on site?

Anyone got any indicative thoughts on numbers ie volume of those tanks vs the previous barrels per day flow tests and how many days the pump has been going? Approx 150-170 barrels per tanker so we would expect to see a minimum of two tankers per day based on previous flow numbers.....discuss

Yeah I agree Degsy. At least this is now definitely moving forward. Irons in the fire and all that. However if GF is expecting positive HH results I would have waited for some of that to be reflected in the SP before agreeing the terms just my opinion

At the end of the recent conference call GF seemed to suggest that progressing Clogau would be a long process due to planning apps etc. Anyone else pick up on this?

still undiscovered), expect $100+ margin a tonne, low CAPEX and have a purity and concentration which is higher than most other deposits around the world. This is exactly why I believe ALBA is a remora fish as if JAY were taken out or are shown some interest ALBA share price won’t be sat at .40 like it is today as some of that interest will rub off on their neighbour whether justified or not.

Hi Daramuda,

Ultimately everyone has different analytical approaches, different views, risk and reward profiles and ALBA is one of the more risky choices no doubt. However i’m taking a view that across its portfolio but mainly HH and TBS focused that the value will be higher in the future than it is today and will be driven by incremental development of those assets via JORC, positive EWT results etc etc. Currently the majority of the ALBA SP is based on HH and I believe that any initial JORC from TBS will add further value, how much is TBC.

ALBA is like a remora fish. It is tracking Bluejays progress to further it’s own goals but fully acknowledge JAY has first mover advantage in that they choose their preferred license, have a JORC, are better financed, have better shareholder backing in terms of institutional support and are closer to making production a reality.

To your points about ‘far inferior purity and consistency’. The previous ALBA samples have shown high grades although the sampling was limited. I would accept that consistency is simply unknown at the moment due to the very small field season they did last year. Please share any details of inferior purity tests as I have not come across these?

Marine protected sites – Remember they hunt whales etc in that part of the world at certain times of the year so protected areas might apply to fishing for example or certain times of year etc. There are a large variety of areas that have been confirmed as important sites for breeding and the habitation of various land and water species in the area. There are areas in and around JAY license as well but both these license areas are dozens of km long so I think it is fair to say both companies need to provide more visibility around these such potential issues. EIS in due course should help here.

Mountains – The whole area lacks basic accessibility and therefore I believe most transportation will be done by boat and in the field seasons. I don’t expect the mountains near either JAY or ALBA licenses to be a game changing issue when they are using boats to transport most kit now anyway and the proposed settlement will be on the raised beach etc with basically nowhere to go.

As for the future of TBS for Alba well I think it is unlikely that 30-50km of coast line is going to be turned into a site of two giant mining operations in competition, possible but I think unlikely. One of the biggest issues will be the ice melt and how much time of the year mining can actually take place. However, that does not mean ALBA cannot increase their TBS value by doing a maiden JORC etc.If they do that and it is positive that should be reflected in the SP. Additionally I believe JAY will be taken out once the project is de-risked further and the feasibility study demonstrates the project is viable and they get an exploitation license. This is for several reasons, they have the largest resource deposit in the world apparently (more of the license st

Hi dsfat,

I have a boat load of bluejay and have had for over 18 months. I later discovered Alba and now have a significant holding as I think the share price is undervalued and does not price in any value for TBS at this stage and has potential upside on the HH oil play as well. TBS is the main ALBA attraction for me given the scale of the Bluejay resource and the potential ALBA has here which I believe will be proven through the work being done this field season to get to a maiden JORC. It is not worth nothing but how much is unknown.

Bluejay is more advanced on the development path but has a vast supply of a proven premium grade resource that I believe will prove to be attractive for customers currently buying poorer quality product elsewhere. We shall see how the off take agreements go but previously Rod did say the 5000 tonne bulk samples should aid this process and there may be an off take prior to the bulk samples being taken but contingent on the smelting tests of those large samples. They can also mine this at low cost and with a decent margin so they have flexibility and some advantages over other more expensive producers. To achieve production I believe they have to tick the boxes to get the exploitation license which is in play, complete the feasibility study that should demonstrate the project is economically viable and worth doing. I see this going through with no major concerns. ALBA need them to prove this as well but Alba have not incurred anything like the same costs at this point so will benefit from any feasibility study a competitor produces which will help structure their own. Bluejay will then have to raise the funds to complete the development of the mining operation and that figure will be key.

I'm led to believe the ALBA TBS license was once previously owned by bluejay (please confirm if this is not accurate) and they let the license lapse and effectively cherry picked the preferred site. Now I believe ALBA can prove a decent resource but beyond that what happens? I cannot see bluejay buying it at an inflated price when they could buy now for very little but given the size of their resource they are hardly in short supply and benefit from first mover advantage so why bother. Is it feasible to have two producers on the same beach? Not so sure but I think they can realise some value in TBS before those things become clearer.

Personally I think Alba has some catching up to do on JAY and UKOG (for it's oil) and for that reason alone it is worth having some shares but I think Bluejay longer term will become a producer and get bought out once de-risked. Perhaps at that point any purchaser might consider taking out ALBA TBS otherwise what will happen to it and how will it compete with JAY?

Just my opinions but I think its risk vs reward and how much risk do you want? Alba definitely more risky and JAY much better financed for the time being.

GF said re TBS that he expects to have the data to do a maiden JORC resource from this coming field season. He went on to say the aim is to have something out this year but stressed it was months of work ie analysing the data etc. Time will tell. It took bluejay months which is why I have always thought they never had enough data from last years very short field season to complete this task already even though previously they implied they might. Let’s see if HH can bring some positive results. London shareholder event later this month details to follow.

No they are taking questions and then they will choose to answer the ones they want. Keep on the line

For the first time GF has now basically confirmed that a maiden JORC WILL require this coming field season. They must have known this for months given their small sampling last year and lack of data. Given how long it took bluejay and to do their JORC and more recently their upgrade I can only think GF has lacked transparency on this point and kept us dangling on hope alone. I would be surprised if we see anything before Xmas given the time required to process everything so let’s manage expectations here

There are approx 159 litres in a barrel of oil. The big tankers can hold approx 37,000 litres which would equate to 232 barrels of oil in each. Rough figures depending on the actual tanker used