Member Info for ShouldveSold

Capex willl not be an issue.... what a odd thing to say.

These Alba RNS's continue to give with one hand but take with the other.
Its awesome news to read the resources that are there but how much capex is needed to drill through & process an estimated 8Million tonnes of material?

I think GF is gearing up for the company to be bought out by a major rather than having to do all this work alone.
If Alba doesn't get bought out, its Shareholders who are going to have to fund these drilling "exploration" campaigns.
Feels like a Lenigas business model to me.

Anyone have the latest year end figures?
How much cash does Alba have? How much capex is required to fund the 2021 exploration programme? Does Alba already have the capex funds or will it need to raise those funds?

Bo I have never, nor will I even concern myself with how others invest.
If I wanted to continue to hold long term then I may been a little more concerned about the BOD's gestures.
But over the years I have learned to place little value on BOD having skin in the game.
It doesn't change company performance.

Yea Bohemia you have a point & that may indeed be the case.
Not that I need to know; but I don't understand the relevance or what gaining that information will mean for you.

I expect Eytan will want a larger salary than the previous CEO. He did mention wanting to acheieve cost cutting of 20-30%. How many shares he has or will have is not important to me. I will not be happy or impressed if the board & senior managements renumeration increases with the restructure and they continue to claim 50% of company revenue for themselves.
But my outlook on the company has changed. I no longer see this as being a core holding in my portfolio & will look to exit or ratchet down as close as I can get to break even.

Bo I have just checked the director deals tab on this site. Eytan does not appear as per your last message. 6 weeks is not long to wait or if its something you need clarification on, one could email the company secretary through the website.

Ah understood.
Year end is mid June. If he is actually made CEO by then perhaps this will show in the report.

Bo every year end financial report will show director holdings. The broker I use also lists director transactions & holdings.
I don't know what has happened for you to suspect anything untoward by the company or BOD. But the information you desire to settle any misgivings can be found with a little effort on your part.

Daprophet its an unimpressed emoji face lol

I see that any harmony I was hoping for is not going to happen... Already its back to tit for tatt.
(._.)

Oh right. So you have just been a naughty boy then Bohemia lol.
I have moved on from all matters regarding the Bahamas, so any unanswered question or opinion regarding the financing of it would have no affect on my opinion on the company going forward. Unless it meant refinancing at a better rate would be accreative to the SP.
Personally I hope the licence is dropped and all financial commitments to that licences will be deployed in T&T on cash generative assets.

I'm not telling you to let it go Bo but I don't think your crusade destination will be of any value when you get there.

Interesting. I wasn't aware members had the ability to delete their own posts.

Bohemia what ever deal was available or not, if you feel the company is guilty of false reporting, may I suggest you report this to the FCA rather than this BB.

Starchild even though I tend to disagree with the majority of the things you post, I am glad we can be civil and mutually respectful & debate our points without getting personal.

Great to hear a lot of debates which regularly occur on this BB ended up being asked to Eytan.
I hope that resolves them all & the heated debates which just go round in circles can be confinded to history.

I am as happy as I can be given the circumstances.
I am glad to hear that Eytan's view of offshore drilling matches mine in that its not a game for small companies and he sees it as possible cream on top, not a core focus going forward.
That does reassure me that any value realised in T&T won't ultimately be fluttered away on a  Uruguay wildcat drill.

I am glad he said that a Jurassic Bahamas well would be more expensive than P#1. Hopefully this will stop any more debates on TD's & speculations on another well with a Farm Out and all shareholders can move on.

Eytan appeared very confident on spud date, so I have interpreted that as they already have an enough shareholder support to move forward with the EGM proposals.
I found him contrite but also realistic in that he put investor culpability back onto the shareholders; in that oil exploration is binary, which I thought was ballsy but necessary.
He is more direct & straight talking than any CEO to date. That being said because of Covid and the way the world works now, we as shareholders have never had this kind of direct access to CEO's before other than attending AGM's.

Druid I think the information you have requested from this BB should be put to the company secretary who would be most likely to answer your questions or direct your to the appropriate RNS.

Thats the first duck lined up in my opinion.
Many more to go.
I find this BB engaging when the debates are filled with operational content. When its filled with personal squabbles its uninteresting to scroll through.

With approximately 6 weeks to go for S2 results & some company restructuring ahead, any joyous celebrating or told you so gloating one is engaging in today may be short lived.

Any price target I had penciled in, I've had to scrap. I now have no idea what to expect based on the new company proposal, where the resulting SP will be and the what uplift will come with S2 success.
So I will just have to wait to see what the market thinks.

LLL did your read the rest of the paragraph you quoted?
Evidently a couple board members have been retained from CERP, so hopefully their retained local geological knowledge will ensure S2 doesn't perf the middle cruise with the same water content.

Thanks Ocelot
I take it point 2 " Submission of full planning application to re-open the mine" states that in the next 12-24 months a plan to *submit* an application is forecasted. And a hearing will be scheduled with a decision some 8-12 weeks later (depending on the planning dept efficiency).
Is anyone unclear as to where the SP will remain range bound until this application is submitted/approved?

I am presuming that presentation refers to Wales only and there is no outlook regarding operations in Greenland?

Elir everything you said in that last post went over my head lol.
I chose to invest in this stock for the potential which seems to grow more & more which each RNS.
I am happy to sit and wait but not indefinitely. I'd rather put my money elsewhere if the company is not going to be granted production licences to actually produce on a commercial scale.

I trust the company has the right board members and employees to achieve this.
As an investor I would like a ballpark date on when it sees commercial production being achieved or even a possibility of licences being granted.

If ALBA are just going to explore, raise cash to explore more & repeat that process with no outlook on commercial production then I want to be informed of that.

dontpanick LOL