RE: Views and assessments please4 Aug 2018 15:08
CofE, in the near term - August, September - I think Alba share price will be mainly dominated by events in the Weald, I don’t expect anything yet from the mining assets. I think any news from Inglefield and TBS will come in the 4th quarter. I hope I am wrong though and be pleasantly surprised. But who knows, may be GF will stumble on a piece of gold down in Wales :).
This week, on the 8th, we have the SCC planning meeting and so far indications are that approval will be granted. This should give a further boost to the SP.
After that I am not sure as to what will happen since no further news are expected for a few weeks and the SP might drift. IMO, Alba share price is linked to Ukog and there appears to be a lot of downward pressure on the Ukog SP atm.
Hopefully, a positive spin on the SP from Brockham will also link the Alba SP to Angs and keep the positive bias going.
I have shares in all three, Alba, Ukog and Angs, with Alba being by far my largest holding. Looks like all eggs in one basket but this basket is quite ``strong and stable`` since Alba is diverse and success in the Weald will give me lots of :):):).
In the slightly longer term, I do believe that the Oil from HH will flow at good rates and commerciality will be declared.
In the last quarter I expect a strong news flow from Greenland and the SP to be a lot higher from where currently is.
Declaration of HH commerciality and a TBS JORC announcement could very well coincide during this period ...
... add this to Brockham (assuming SCC approval given on the 8th) being already in production by that time ...
... can you then imagine the rise in SP? ... many levels higher from where we now are
GLTA, not that we need it :)
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