George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Risky
I appreciate your concern over my well being, but I’m fine. Can’t see myself going anywhere just yet, mass loss if I do, so will just keep plodding along adding a few when possible. Don’t get me wrong think the share itself has great potential and one day will come good, my belief in what CH says anymore, that is a different issue, you only have to read back through previous RNS’s to draw a conclusion on that . I’m sorry we don’t see eye to eye on things, I’m sure when we hit the 10p ill be agreeing on every word spoken ATBA.
After reading RNS and watching interview a couple of times, I guess its Each to their own. Personally I can’t bring myself to believe one word CH says anymore.
Just under 400 mill shares added here in the last two years, all supposedly towards the main objective, accelerated drilling programme and production from our Flagship the Paradox Basin. Two holes in the ground that’s all and not a result .An avg of 6 mill nett per quarter from Non ops form Dec 21, supposedly to keep us fully funded. Burning a lot of money somewhere that we need the bowl out for 3.1 mill. Worst is this is just to get us to a production test stage, what’s next. This is not de ramping , as nothing will change the direction of this while the 90 mill shares filters through. But very disappointing
Duffs55
Read that myself, but must admit it does raise a few questions.
1 /has there been any talks between ZEPHYR and Dominion to them buying gas from us,they are only phasing in gas supply on demand( they might already have a gas supplier already in line)
2/ surly we don’t just plug a pipe from our well head into their consumer line and presto,do we not have to run to a processing plant first ( the one that has been purchased maybe,and nothing been done with).
3/ as for 16-2 how is this going to get us into production the was a permit to run gathering lines last year( nothing heard since)
Don’t know maybe someone does
Ezhik
I new it was wrong when I read it,and wrote it just quoting from a previous message by bubble. Your last sentence appears to be spot on, it’s not so much the odd slippage, it’s when it’s stated with no intention of it happening, gets me. The market has become a bit wary of this one.
This is getting soo confusing you have CH telling us one thing in an RNS / Interview, then people on here coming up with different timescales. The 32-2 incident happened on the 7th of April CH in the interview stated we would be back testing in weeks other than months ( 8 weeks becomes months not weeks) so now we have people quoting June/ July. You have people posting that Slewson is going to plan and yet CH in the last RNS state that there is a 3 month delay in setting up the pads (that’s 12 weeks of a delay maybe) Am I to take it that everything CH says we should be taking with a pinch of salt. Can anyone name one thing that was forecast in the last 18 months ( other than acquisitions/ funding )that as actually happened on time, or at all.
Unbelievable a few new punters living the dream of instant fortune get reeled in and it’s a re- rate. On a fantasy RNS made up of expectations not fact, a handful of rampers and dream on ( look at the buy to sell volumes they are already taking their 10% as by Friday it will be back down) . There is too many that have bought in here on the last placing and been trapped for this to move much past the 0.10 they just will take out when they can. A million grains of sand in 50 1 ton bags is nothing, that is what you’re buying, worth nothing, never will be. Consolidation next and your millions of shares will end up thousands and still worth nothing as it drops. Do yo honestly think any major is going to deal with the likes of CEG, before understanding their own licence, which is years away. cEG have no rights to drill without a partner they will just get frozen out until bankrupt and the licence renewed ( read the small print)
Your money crack on, you will only end up the same as us disgruntled mugs in a few years time. Our lass is one she bought 1 mill shares for 25000 ( it’s the only time she agrees she made a mistake in life) BOLA
Prey tell
The stated
3 wells online in 22
10 wells drilled in 23
The acquired acreage allowing for 200 wells or more ( it’s not going to happen in my life time nor my kids)
In the last two years we have re opened 16-2 from previous ( no confirmed results) we have drilled 36- 2 no results. What is the plan please tell.
Risky
In my world heavily invested, from coming in at 0.07 I’ve had to work hard in selling off other investments just to reduce my average here, ( which has put me in a over invested predicament ) With me selling a third a month ago and coming back in over the last few days, not only has brought my avg down but given an extra few shares to boot. I don’t bash the share I question and show my concern over direction and missed timelines etc. those repeating the same old CH is great and patients is wearing thin.(sometimes when lost in a book you have to go back and re-read chapters, same as with shares re-read the RNS’s) This is a board for individuals to discuss matters, for too long any concerns or questions raised have been quickly dismissed by you and others as a pack. The dozen or so posters on here have little to none effect on the SP, the SP is dropping not what we write on here, but down to more people selling than buying simple, this is for the management to correct which hopefully they do, sooner than latter. BOL
Risky
As most including myself invested here on the back of the 16-2 well, I have reused your earlier post from 11.51 as 1. An example of the stuck record scenario. 2 to put everyone’s mind at ease (if only you had posted it 12 months ago)
Failed well test. That is short term again. Are you serious? A good deal hinges on 16-2 if it is a failure then I would imagine many would be wishing they had not invested here. However it isn't. They know what the issue is- testing will begin soon there is evidence of Hydrocarbons as you know. I would not class that as a failure.
Note the small tweak it’s-really worked out hasn’t it.
Do we keep the blinkers on, or dare ask questions
I honestly don’t know what to expect in the next RNS.
Fingers crossed there is a plan.
Risky
Fair do’s your last post not your normal short snipe, totally agree on what you say, for me to argue against any of it I would be wrong. But as you refer to certain negativity being played over and over like a stuck record, what you have mentioned in your post and everything being positive you could say would be on the flip side of that same stuck record.
I said in my post I invested in what I have been able to read and what I’ve been told in RNS’s /Interviews, if what was stated had happened or followed to some degree we would not be where we are today. I know and fully understand things go wrong and there is delays (I work in Construction)
The SP is where it is today because of over promising and under delivering simple as that, numerous changes of direction and in instances the full story being withheld.
My so called negativity is only questioning these changes and missed targets. Sorry but the SP is dwindling on a daily basis, as I see our only saviour will be to re-commence production testing on 36-2,(nothing else I know of), What then? Have we any plans on the table.
This will come good I’m sure, that’s why I hold an investment here. But its defiantly not as Rosy as made out to be. Best of luck all
When I invested I did so on what I read and have been told was to happen. What I did not invest in is what we have not been told or mislead to believe was going to happen, hence I’m 24% down, even after lowering my average. So it obvious to me that there’s more what I didn’t invest in happening, which I find unsatisfactory and comment upon.
Risky the way you attack the opinion of anyone that shows concern, or asks a question not to your liking on this site, indicates you must have a greater knowledge than most, and yet all your posts are empty of any meaningful opinion or advise, but just aggression. Take this opportunity to answer my last post what is the plan going forward, and when is the plan to take place. If you can put my mind at ease you would have done a whole lot better than CH and co, at the moment. I’m sorry that you find my realism negative, but personally I would like some guidance on the direction we are heading and some timelines to follow ALB
Setanta1
I was going to comment to your post 18th May, that it couldn’t get any worse, then on the 19th it did. So lets see what tomorrow brings( exciting times I guess ) Then again as Bubble rounded things in his last post to , what’s the need to panic, everything is now fully funded for years to come (including Salaries and of course our highly paid advisers). There was a sense of drive an need to deliver 20 months ago, I don’t even know what the plan is anymore or when its going to happen. Someone left the door open and all the rainbows and unicorns have left the building.
That was dangled for well over a year (16-2 ) we hear nothing about anymore. One big mistake in my opinion not going ahead with the crypto facility, we could have had nearly a year of what ever production from it plus all the testing actually complete by now , for a oil company against the damage to the environment with flaring , a reusable solution like that I thought was a good way forward, It was a bit of a red flag to me how in one RNS the procurement of such was already underway and and specialists on board,we would see production in 8-12 weeks ( these containers are off the shelf items) 13 weeks later just to be told they haven’t bothered and not spent a penny, great.
The latest promises from our leader, down to all the hard work and professionalism we can see us being back testing on the 36-2 within weeks not months 6 weeks gone since the incident guess technically playing with word he has another 1 week and 6 days before it is in fact months not weeks.
Guess we are in the hands of the pipeline being put through by a third party, and hopefully flog something to them, as even with testing continuing with 36-2 there as I see no plan will it just sit as 16-2 who knows. Not been on here much of late have I missed anything the last RNS summed it up I suppose, never mind exciting times ahead as CH would say . All the best it will come good one day