Member Info for Rambo23

I don't think this is anything new. The figure of circa 50million has come up before and it should be clear to everyone the 17mm raised recently will not be enough to produce on a large scale. Also worth noting here that Rod is conscious of dilution given he is a massive shareholder and has stated so previously. There are alternatives to equity raising eg debt financing some or all of that figure if required. Also Rod mentioned in a recent video that they might be able to use revenue from any future off take agreements they can sign up to further reduce the need to raise money in the market. Lastly they have some big institutions behind them already who might also be involved. Lets see how things develop.

Hi Albinio74 just to be clear I wasn't suggesting the RNS today re Spreadex will have a big impact on the price as that was not what I was concluding. However I do believe clients have taken significant long positions in Alba using derivative products across a variety of spread betting providers and it might be that Spreadex in this case have some physicals to manage the risk on their book based on their client demands. I was just trying to add some colour but agreed its only my opinion. Only time will tell if there is anything to get excited about in the coming months.

No problem. Additionally and for context IG index some months ago were not accepting new long positions in Alba as they had hit their risk tolerance. I have just checked and it currently states 'Closing only: Market unavailable to open' so this is the same as it was then. To be clear this is NOT referring to the fact we are out of mkt hours as I write this. In contrast Speadex were taking long orders when IG weren't and they still are. I believe todays RNS could therefore be linked to their own risk profile and current client positions. At the end of the day worst case scenario this can't fall far so the downside is limited but the upside is not and if you want say �1000 a point it will only cost you approx �60 in margin to take a position. All about Bang for your buck and risk appetite!

Hi All, I can offer a possible explanation here and I make the assumption that clients are currently going long in ALBA in decent size.... So spread betting providers offset their clients' exposure in two ways -: If a customer places a bet, and another customer has placed a bet in the opposite direction (i.e. if one customer buys �10/point of share X and another customer has already sold �10/point of share X) then the two bets cancel each other out. In this example the spread betting provider is exposed to no risk, and makes a profit from each customer off the spread (the difference between the buy and sell price) multiplied by the stake (in this case �10/point. Alternatively, if lots of clients are betting in the same direction, and a new bet cannot be hedged internally, then the spread betting firm will hedge the bet in the underlying market. For example, if more clients are wanting to buy share X than sell share X, the spread betting firm will go into the underlying market and buy shares in company X. If share X rises in value, then the spread betting provider's clients who have bet on it to rise will have made a profit. As the spread betting provider also owns shares in company X then it has also made money, this profit covers the payments made to the clients that have won money. As the spread betting firm is also charging a spread to the clients that have won money, this is how the provider makes money in this instance.

Nice one Rampair good spot. I wish they would find a better way of comunicating new investor presentations etc as you could easily miss out on seeing this. I few observations I would like clarity on as the presentation is misleading in parts. Page 2 says targeting production in 2018 and then the header on page 16 says production in 2019. In a recent video Rod clearly talked about production now happening in H2 2019 which was therefore pushed back approx 12 months from the original plan and comments in Dec last year. I believe they are allowed to take 30,000 tonnes this year for smelting tests with potential clients but that is not 'production' its effectively another sample. and they plan to do that this year. I want more clarity on milestones as they have regularly slipped previously and all these feasibility studies are required to be completed BEFORE the exploitation license can be submitted and I expect that approval process to take some time maybe a few weeks or months. So I hope they have a positive surprise coming that they are all done with the feasibility work, submit these requests early and not wait until later in the year for that to happen which risks rolling approvals into next year and therefore pushing everything back again. What news flow do we expect in the next 3 months? Disko Hive off? perhaps an off take agreement contingent on the product passing smelting quality tests etc? To be clear I'm long and things still look good but hate waiting for paperwork and ambiguous timeframes! haha

Hi Krull, This extract below is from the UKOG year end accounts released on the 3rd April and something I wanted to draw attention to regarding the flow rates from 2016 was it states the 1688 bpd figure is an aggregate number so I would be interested to know the breakdown of that to assess any variation. The 1688 figure seems to carry a lot of weight to the investment argument generally looking at previous posts on here and like you state the numbers over a longer duration could vary. To be clear I currently hold a long position in ALBA and JAY and I'm looking at UKOG as a future term investment proposition due to their portfolio of licenses and the significant pull back in the SP since last year hence I pulled this from their report. The report also suggested getting clarity on these well tests would be in Q2 so do we A agree with that timeframe and B expect them to update during each test or only at the end of them all? PEDL 137 & PEDL 246 - Horse Hill Onshore licences PEDL137 (99.3 km�, net interest 32.435%) and PEDL246 (43.6 km�, net interest 32.435%) contain the HH-1 conventional Portland oil discovery and the KL3 and KL4 discoveries within the KL continuous oil accumulation. These discoveries were flow tested in 2016 resulting in a combined aggregate initial flow rate of 1688 barrels of oil per day.

Feel free to repost them on Advfn I don’t have access at the mo but will check it out if it’s more active than this one. Thanks for the heads up

Here is another article from Reuters if you’re interested. https://mobile.reuters.com/article/amp/idUSL8N1RX5S4 I agree on the timining it would be counter productive on the local population not to support businesses that will employ many of them and ultimately generate wealth for them and their country which clearly needs extra sources of revenue to aid their infrastructure requirements etc

Excellent RNS but I’m curious to know how much of this might have been priced in already as it was hardly a surprise. Good to see they have ordered some kit as well. On another note Do we expect the Greenland elections tomorrow to possibly cause JAY significant issues? Seems a close battle and Bloomberg posted this recently https://www.bloomberg.com/amp/news/articles/2018-04-22/minerals-glut-crushes-independence-dreams-as-greenland-votes

Hi, I'm a current JAY shareholder and last month there was a video of Rod at the 'Shares investor evening' (see youtube for a video of this). He makes reference to the likely Asset split of Disko and other non Titanium related assets into a new company and existing shareholders of JAY would get a possible like for like shareholding in this company. My question to the group is with this in mind what would we expect to happen to the JAY share price on news of a split and what % of the current market cap could be attributed to the Disko and other assets? Trying to assess if there is likely to be negative pressure on the SP as this news may or may not come before any Dundas JORC upgrade we are long awaiting. Just my thoughts but keen to hear your points of view on this. Exciting times ahead

Inkisblue what did the ************* article say? I tried to access it but I’m not a subscriber to the bearcast was it bad press? Thanks