Member Info for Yanis2005

Thanks hikeaholick, onewards and upwards from here. GLTA.

CofE, I picked up shares at every weakness and at every placing. I picked up 6 million shares in the last two placings alone. I been with Alba for over a year, I hold a considerable amount of shares and I am many thousand of pounds under. I hope you are right. GLTA of us.

We are at all time lows, IMO, is the lack of an operational update. Makes people think that the new ESPs, or whatever they installed downhole, who knows ... exactly ... did not improve things. BOD needs to act. Transparency instills confidence ... where is the update?

Bought back in again, sold at a loss @±%£‹£###@™@, costed me more to buy my shares back. Anyway bought 3 times my original holding. Onwards and upwards from here. GLTA.

CofE, I fully agree with you. It is very fraustrating and all down to George and the way all the placings have been handled. It really is inexcusable, feels like we been sold out,. He really needs to to do something to convince the markets, at the moment the market do not believe in him thus the SP. How can, as we know have more potential than ukog, yet ukog sp is thundering, but we are sinking. How after the explosive news that we had, the SP sunk to 0.24p? How>?

Yes, it appears so, they have gone but could be back when the next RNS lands. Final customs approval, as per the RNS, is within weeks. So not long now. I would not worry about the buy or sell classification, is meaningless. If the trade price is lower than the mid-point between bid ask is classed as a sell, if higher than mid-point is classed as buy. At the end of the day for every buyer there is a seller. More buyers ... up goes the SP.

An update is way overdue.

Could a reminder of the other assets, an update on 3D say, help to arrest the decline?

IMO, we should start banging on GFs door again asking for some answers. Definitely not PIs selling disown here.

Exactly, which PI is going to buy in the 0.2s, hold his shares for a year, see the SP rise close to 0.8p, hold ... then sell in the 0.2s at break even or a loss as a game changing RNS is issued. Something is not right here.

Anyway, if it is Spreadex with their 190.7 million, close top 300 million traded below 0.3p and 191.7 million traded between the 13th and 15th of June. That is a lot more shares that DSpreadex declared. Where are the rest coming from?

Yes, 1st TR1 was filed on the 23rd May, threshold crossed 10th May. Are they not breaking some rules here by delaying filing?

Also, 191.56 million traded below 0.28p in just 3 days - 13th, 14th &15 June - this compares to 190.7 million declared in the last Spreadex TR1. There is definitely something wrong here that we need to look in to and see what we could do, if anything. If this continues, where is the next placing going to be? Something has to happen to reverse this negative sentiment. Today Ukog traded 201 million, Alba traded 7 million. Take a look at the trading volumes I posted earlier. There should not have been any of the placing shares left. Positive sentiment can not return until the Sp is allowed to move up. There are close to 300 million shares traded below the placing price of 0.3p. There were only 517 million shares placed at 0.3p and at least 115 million were snapped up at 0.399p (remember the missing TR1?)

Krull, it does not add up. Spreadex TR1 was on 29th May and indicated that they were holding 190.7 million shares, 6.69%, down from 7.68% in the previous filing. If they were to sell just 20 million shares they would have to file as this will drop them below 6%. Since 30th May, one day after the Spreadex filing, Alba traded 288 million shares (plus todays) all below 0.3p. As of yet there is no new TR1 from Spreadex.

Am I the only that is concerned about this? Who is giving shares away? The only reason sentiment is killed are the excessive shares sold below placing price in to the OGA RNS.

Ukog is pushing up even though they have the placing to come and the YA LCNs. Ukog placing is at 0.9p and is now trading at 1.2/1.25p. Alba placing is at 0.3p and is now trading (rather volume dripping) at 0.25/0.27p. Ukog volume now is 160 million vs Alba 6 million. There is something fundamentally wrong here. Where are the give away shares coming from? Volumes do not add up. We know Regency & Prim have been selling, filed TR1s on 2nd & 8th March. At that time they had a combined 135 million shares left, SP was trading around 0.4p. First placing was announced 29 March, by then 221 million shares traded since !st TR1 filing. 517 million shares were placed by Alba on 29th March and 2nd May. Since 29th March 1,125 million shares traded mainly below 0.4p, with 288 million of these traded below 0.3p since 30th of May. Add the 115 million bought straight after the 1st placing at 0.399p (the mysterious missing TR1). By all accounts, all of the placing shares and those of Prim and Regency should have been sold by now. Something is wrong here. Where are these shares coming from? Does not make sense. Could anybody shine some light on this? Oil price could hit $200 a barrel, unless sentiment changes, is not going to help us at all.

Extremely negative atm. Alba shares traded are only a tiny fraction of those of Ukog, yet sentiment on both of these companies should have been positive atm, although some may argue Alba has a lot more going for it. On 13/6, Alba asking price drops to give away price of 0.28 and below, we traded 50.5 million shares, Ukog on this date traded 34 million. On 14/6, the day of the OGA approval announcement ukog traded 341.7 million and Alba traded 112.4 million (all below 0.28p). On 15/6, last Friday, ukog trades a staggering 793.3 million whilst Alba trades a miserable 19.4 million shares (and again all below 0.28p). Today by 12:00, Ukog trades more that 100 million shares ... Alba 1.9 million shares. Who is selling at below placing price of 0.3p? Not just selling, but selling in to what is game changing news – OGA approval. Who is not holding back a bit, letting the SP rise, allow sentiment to change and sell in to a higher SP making more profit. It is a fact that a rising SP will attract more buyers. Why the sales at give away prices? What do they know? Where are these free shares coming from? Puzzling.

I do not think we are going to get an answer to the two questions put to him/her, probably gone. All of MountTeide posts have been removed by Admin.

MountTeide, In addition to the question put earlier Don’t you think that if what you say is true, if there was any foul play the guys listed here http://www.mercpl.com/article/shareholder-information/7 would have sorted it out by now? Can you also tell us how they managed to get Customs clearance if there was any fraudulant action?

MountTeide, admin has removed your previous three posts. I will the question again Don’t you think that if what you say is true, if there was any foul play the guys listed here http://www.mercpl.com/article/shareholder-information/7 would have sorted it out by now?