Share Name Share Symbol Market Type Share ISIN Share Description
Alba Mineral Resources LSE:ALBA London Ordinary Share GB00B06KBB18 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.005p +1.30% 0.39p 0.37p 0.41p 0.405p 0.365p 0.405p 28,066,872 12:54:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.4 -0.0 - 8.40

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DateSubject
26/9/2017
09:20
Alba Mineral Resources Daily Update: Alba Mineral Resources is listed in the Mining sector of the London Stock Exchange with ticker ALBA. The last closing price for Alba Mineral Resources was 0.39p.
Alba Mineral Resources has a 4 week average price of 0.37p and a 12 week average price of 0.28p.
The 1 year high share price is 0.79p while the 1 year low share price is currently 0.22p.
There are currently 2,154,121,089 shares in issue and the average daily traded volume is 11,654,492 shares. The market capitalisation of Alba Mineral Resources is £8,401,072.25.
30/7/2017
15:04
graylyn1: ALBA MINERAL RESOURCES PLC (ALBA.L)* 8 JUNE 2017 Over the past nine months investor interest in UK onshore oil exploration companies has focused on activities at Brockham, where Alba Mineral Resources (ALBA.L) has a 5% licence stake. Attention is likely to switch back to the adjacent and much larger Horse Hill licences, which the media colourfully referred to as the ‘Gatwick Gusher’, after last year’s production tests. A decision by the local council’s planning committee on whether to approve longer term production tests should be known next month, which could then lead to test operations starting later this year, with the objective of moving into production at the end of next year. Alba is well placed as the second largest AIM listed stakeholder in Horse Hill and only listed company with holdings in both Horse Hill and Brockham. Along with its oil project interests, Alba is making encouraging progress on its 90% owned Amitsoq graphite project where recent results confirmed very high-grade graphite content, which is amongst the highest (at around 25%) of any project in the world. Further exploration work this Summer should improve our understanding of the project and allow us to assess the likelihood of it being fast-tracked towards resource definition and economic development. Key Anticipated Near Term News-Flow • July Decision Awaited from Surrey County Council on long-term production tests at Horse Hill. • 2018 Horse Hill Production – Production from both Kimmeridge and Portland pay zones at Horse Hill could commence at end of 2018, subject to finance and necessary approvals. • Brockham response – Decision awaited from the UK Oil & Gas Authority for field development plan addendum to commence production from Kimmeridge. • Summer exploration at Amitsoq - Work in June/July on main graphite targets especially around the former mine, along with gold and PGE anomalies. Valuation Rationale To determine an estimated value for Alba’s oil project assets we continue to use a risked value for each potential oil barrel discovered based upon independent published technical data from Schlumberger, Xodus and Nutech. On a ‘Base Case’ scenario, we estimate a value net to Alba of $143.2m (prev. $333.6m) for its Horse Hill licences and net $25.3m (prev. $27.8m) for Brockham. The reduced Horse Hill value is mostly due to a lower discovery value per oil barrel assumption, because of higher production costs estimates at $21 p/b (prev. $10 to $20 p/b). Our recovery rate estimates are reduced, which is largely a function of identifying and securing permission for suitable well pad locations across the licence areas. Despite Brockham’s production licence status and recent side-track well results, we value the Horse Hill licences at 2.7x that of Brockham on a peer-to-peer comparison due to the much larger size of Horse Hill’s licence acreage and production potential of the vast underlying oil rich Kimmeridge zone. Alba’s other projects are valued at cost, amounting to $0.8m in total. Further work and positive exploration data from Amitsoq this Summer, may allow us to apply a value to this emerging project asset that holds potential of being a company maker for Alba. We estimate a ‘Base Case’ value of $169.8m (£131.6m), which amounts to 7.0p per share (prev. 14.7p) and forms our 18-month price target, by which time production could be underway at both Horse Hill and Brockham. Our shorter term (6-month) price target of 1.1p is derived from an ultra-prudent ‘Low Case’ valuation estimate of $26.7m. With such a compelling investment thesis and 18-month price target substantially higher (over 30 times) than the current share price, along with a short-term horizon price target 4x the share price, we continue to recommend Alba Mineral Resources as a ‘Buy’. We also believe the shares may rally ahead of the July planning decision being announced from Horse Hill, approval of field development plan addendum at Brockham and exploration results later in Summer from Amitsoq.
24/7/2017
19:30
dudleym1975: RE: ValuationI have extended the valuation to all 4 companies below so you can see where the most value is left in buying these 4 Companies. Company /%HH / fair value share price HH only/ Current share price ALBA. 10. 0.81p. 0.68p UKOG. 32. 1.39p. 5.95p SOLO. 6.5. 0.13p. 0.24p PRIM. 6.5. 0.61p. 0.33p IMO ALBA and PRIM have the most upside here. ALBA has Brockham too but it really looks like they are going to get hit a with a placing soon judging by their issue of equity RNSs past frequency. SOLO has passed fair value for HH. UKOG are kinda fair value if you assume BB-1 well has the same flow rates and resource size as HH and BB-1 is fully owned for UKOG. Then value approx 1.39p + (1.39×3) = 5.56p but this does assume well flows back with good pressure. Hope it does but have been watching 88e aware not to count chickens too soon!!
28/12/2016
11:13
moneymunch: Home » Q & A » Q&A with Dowgate Capital Stockbrokers: Alba Mineral Resources Plc Alba Mineral Resources Plc Q&A with Dowgate Capital Stockbrokers: Alba Mineral Resources Plc Posted by: Amilia Stone 14th October 2016 Dowgate Capital Stockbrokers Analyst Jason Robertson caught up with DirectorsTalk to discuss Alba Mineral Resources Plc (LON:ALBA) Q1: Now I wanted to talk to you today about Alba Mineral Resource. The research note that I have in front of me is from 5th May this year, is this the most up to date research that you’ve issued on Alba? A1: It is yes, that’s right. I mean that note’s looking a bit old now, that was back in May as you said, and we are preparing a new revised updated note at the moment which we’re hope will be issued quite soon. Since that note was issued there has been more technical information published on Horse Hill and also the Brockham licence, which is next door to Horse Hill, which Alba also have an interest in. There’s also been more activity on their graphite gold and gold prospective project in Greenland so quite a lot has happened since that note back in May so quite a few things to talk about and to update people with. Q2: So the 5th May note has a target price of 16.5p which is far above the current share price of Alba Mineral Resource at the moment of 0.3, why is there such a big difference? A2: There is quite a big difference, the valuation is based upon a number of risk factors but essentially the basis of the note is based upon the technical reports that have been published by the industry experts such as Schlumberger, Nutech etc. so it’s based upon those figures and also most of the valuation, probably about over 99% of it, is based upon Alba’s stake in the Horse Hill licence. So it does seem like quite a difference you’re right, I think there’s also a lot of scepticism out there in the wider investment world about whether there’s actually a large oil discovery in southern England, in the Weald basin, I think a lot of people of sort of a bit sceptical about that and sort of wonder whether it can be developed. It probably will take a few years to actually get developed and also probably because it’s quite near to Gatwick airport I think people are worried that that might cause problems or not but I don’t think it would do. So yes I think there’s a bit of a difference between the target price and also the current share price, that will probably close at some point and also it is a conventional oil in play and some people are thinking it’s a frack in play which it isn’t so I think some people still think that might be a problem as well but I don’t think it is really. Q3: Can you explain the different risk factors that you’ve used to value Alba’s Horse Hill interest? A3: Yes sure. There was a number of different risk factors we’ve used in it so we’ve analysed the valuation based upon different pay zones or geological levels so you’ve got the Upper Portland which is near to the surface, you’ve got the Kimmeridge zone which is where we think most of the oil is and then you have the layers below that such as the Oxford, the Corallian and the Oolite. So there’s a number of different zones there and they’ve each got different risk factors applied to them, I think one of the biggest risk factors is the recovery rates so we’re assuming that in the Upper Portland zone there’s a potential 20% recovery rate and so we’ve estimated in Kimmeridge an 8% recovery rate and also further down the layers below that perhaps recovery rates of about 4% so there’s different sort of recovery rates there. We’re probably being very cautious actually on those recovery rates and in addition to that we’ve also got the development risk so there’s a development risk applied for each of those different zones, the Upper Portland has a very low development risk of around 15% right down to the lower zones below the Kimmeridge which has got quite high development risk of 50% thus the second risk factor. We also valued the oil based upon discovery values so some of the higher levels nearer to the surface have got a higher discovery value per barrel, as high as $10, it sounds quite high but then you’ve got these other risk factors behind it as well so it’s not really as high as that. The layers that are below the Kimmeridge have got just about 50 cents per barrel exploration value and just going back up to the Kimmeridge got a discovery value of about $8 per barrel on that so it sounds quite high but you’ve got all those other risk factors that sort of bring that down. Of course the biggest risk factor in all these different valuations of course is the recovery rates, the recovery rate could be a lot higher than what we’ve estimated, which itself is based on some of these capital reports that have come out from Schlumberger and Nutech etc. so there are a number of factors that we do use to sort of risk it, as such, so yes quite a complex task. Q4: Now I notice that the Brockham licence, in which Alba Mineral Resources has a 5% interest and is next to Horse Hill, is being drilled before the end of this year. What value did you put your 5th May note to the Brockham interest? A4: At the time there wasn’t really much information available on Brockham so in that note we valued the Brockham field along with Alba’s Greenland graphite project at just a low figure of about $1 million which is relatively small compared to the value that we put on Horse Hill which we put a value of about $328 million so that’s Alba’s interest in Horse Hill. So it is quite small, there was a technical report issued by Nutech last month so we’ve got that report now on the Brockham field which we can use to reassess the Brockham project interest. The Brockham licence itself is a much smaller licence than Horse Hill so we have to sort of factor that in as well so yes there is scope to improve that valuation for Brockham by quite a bit I would have thought. Q5: Regarding the risk factors that you used to value Horse Hill, will the same ones be used to calculate a value for Brockham? A5: Yes, good question really. I think the geology, given that it’s next door to Horse Hill, is believed to be very similar so I would think we’re going to use similar risk factors. Brockham itself is a production licence so you would think the development risks should be much less for Brockham than it is for Horse Hill because it should be easier, once you’ve actually discovered any further oil sources, to just add that to the existing production which they’ve been getting from that field so should be quite easy to do. Yes, I would have thought the development risk factor should be much less and also the oil value, maybe the recovery value might be a bit higher as well. It’s quite interesting if you look on a Google map for where that Brockham project is, it looks like it’s just under about 200 metres away from a railway line so that gives them, if they do find oil when they drill, a development option. So instead of trucking oil off in trucks there’s maybe, if they find the real big discoveries, a potential maybe for having some sort of facility to link up to the railway line possibly, of course there’s also the option of having a pipeline but they would probably use that if they had a much bigger discovery, depends on what they find when they do the drilling there. So yes on balance I think the risk factors will probably be much less than they are for Horse Hill Because it’s a production licence as opposed to an exploration licence although as I said it is a much smaller oil licence there. Q6: Will you be calculating a new value for the graphite project in Greenland? A6: as I said we did apply a nominal value to that project so there is an active expression going on at the moment so we need to see the results of those exploration work that they’re doing at the moment so I need to find out a bit more information about that. In addition, the graphite project in Greenland is also prospective with gold so there’s a potential there to be surprised perhaps when the further results come out and given that the project is also right on the southern tip of Greenland there is the opportunity there to explore it all year round. So I think there could be some surprises there perhaps, as I’ve said we would need to see more results from the exploration that’s ongoing at the moment I think before we come to any sort of valuation for that project.
29/10/2016
04:15
temmujin: Q&A with Dowgate Capital Stockbrokers: Alba Mineral Resources Plc Posted by: Amilia Stone 14th October 2016 Dowgate Capital Stockbrokers Analyst Jason Robertson caught up with DirectorsTalk to discuss Alba Mineral Resources Plc (LON:ALBA) Q1: Now I wanted to talk to you today about Alba Mineral Resource. The research note that I have in front of me is from 5th May this year, is this the most up to date research that you’ve issued on Alba? A1: It is yes, that’s right. I mean that note’s looking a bit old now, that was back in May as you said, and we are preparing a new revised updated note at the moment which we’re hope will be issued quite soon. Since that note was issued there has been more technical information published on Horse Hill and also the Brockham licence, which is next door to Horse Hill, which Alba also have an interest in. There’s also been more activity on their graphite gold and gold prospective project in Greenland so quite a lot has happened since that note back in May so quite a few things to talk about and to update people with. Q2: So the 5th May note has a target price of 16.5p which is far above the current share price of Alba Mineral Resource at the moment of 0.3, why is there such a big difference? A2: There is quite a big difference, the valuation is based upon a number of risk factors but essentially the basis of the note is based upon the technical reports that have been published by the industry experts such as Schlumberger, Nutech etc. so it’s based upon those figures and also most of the valuation, probably about over 99% of it, is based upon Alba’s stake in the Horse Hill licence. So it does seem like quite a difference you’re right, I think there’s also a lot of scepticism out there in the wider investment world about whether there’s actually a large oil discovery in southern England, in the Weald basin, I think a lot of people of sort of a bit sceptical about that and sort of wonder whether it can be developed. It probably will take a few years to actually get developed and also probably because it’s quite near to Gatwick airport I think people are worried that that might cause problems or not but I don’t think it would do. So yes I think there’s a bit of a difference between the target price and also the current share price, that will probably close at some point and also it is a conventional oil in play and some people are thinking it’s a frack in play which it isn’t so I think some people still think that might be a problem as well but I don’t think it is really. Q3: Can you explain the different risk factors that you’ve used to value Alba’s Horse Hill interest? A3: Yes sure. There was a number of different risk factors we’ve used in it so we’ve analysed the valuation based upon different pay zones or geological levels so you’ve got the Upper Portland which is near to the surface, you’ve got the Kimmeridge zone which is where we think most of the oil is and then you have the layers below that such as the Oxford, the Corallian and the Oolite. So there’s a number of different zones there and they’ve each got different risk factors applied to them, I think one of the biggest risk factors is the recovery rates so we’re assuming that in the Upper Portland zone there’s a potential 20% recovery rate and so we’ve estimated in Kimmeridge an 8% recovery rate and also further down the layers below that perhaps recovery rates of about 4% so there’s different sort of recovery rates there. We’re probably being very cautious actually on those recovery rates and in addition to that we’ve also got the development risk so there’s a development risk applied for each of those different zones, the Upper Portland has a very low development risk of around 15% right down to the lower zones below the Kimmeridge which has got quite high development risk of 50% thus the second risk factor. We also valued the oil based upon discovery values so some of the higher levels nearer to the surface have got a higher discovery value per barrel, as high as $10, it sounds quite high but then you’ve got these other risk factors behind it as well so it’s not really as high as that. The layers that are below the Kimmeridge have got just about 50 cents per barrel exploration value and just going back up to the Kimmeridge got a discovery value of about $8 per barrel on that so it sounds quite high but you’ve got all those other risk factors that sort of bring that down. Of course the biggest risk factor in all these different valuations of course is the recovery rates, the recovery rate could be a lot higher than what we’ve estimated, which itself is based on some of these capital reports that have come out from Schlumberger and Nutech etc. so there are a number of factors that we do use to sort of risk it, as such, so yes quite a complex task. Q4: Now I notice that the Brockham licence, in which Alba Mineral Resources has a 5% interest and is next to Horse Hill, is being drilled before the end of this year. What value did you put your 5th May note to the Brockham interest? A4: At the time there wasn’t really much information available on Brockham so in that note we valued the Brockham field along with Alba’s Greenland graphite project at just a low figure of about $1 million which is relatively small compared to the value that we put on Horse Hill which we put a value of about $328 million so that’s Alba’s interest in Horse Hill. So it is quite small, there was a technical report issued by Nutech last month so we’ve got that report now on the Brockham field which we can use to reassess the Brockham project interest. The Brockham licence itself is a much smaller licence than Horse Hill so we have to sort of factor that in as well so yes there is scope to improve that valuation for Brockham by quite a bit I would have thought. Q5: Regarding the risk factors that you used to value Horse Hill, will the same ones be used to calculate a value for Brockham? A5: Yes, good question really. I think the geology, given that it’s next door to Horse Hill, is believed to be very similar so I would think we’re going to use similar risk factors. Brockham itself is a production licence so you would think the development risks should be much less for Brockham than it is for Horse Hill because it should be easier, once you’ve actually discovered any further oil sources, to just add that to the existing production which they’ve been getting from that field so should be quite easy to do. Yes, I would have thought the development risk factor should be much less and also the oil value, maybe the recovery value might be a bit higher as well. It’s quite interesting if you look on a Google map for where that Brockham project is, it looks like it’s just under about 200 metres away from a railway line so that gives them, if they do find oil when they drill, a development option. So instead of trucking oil off in trucks there’s maybe, if they find the real big discoveries, a potential maybe for having some sort of facility to link up to the railway line possibly, of course there’s also the option of having a pipeline but they would probably use that if they had a much bigger discovery, depends on what they find when they do the drilling there. So yes on balance I think the risk factors will probably be much less than they are for Horse Hill Because it’s a production licence as opposed to an exploration licence although as I said it is a much smaller oil licence there. Q6: Will you be calculating a new value for the graphite project in Greenland? A6: as I said we did apply a nominal value to that project so there is an active expression going on at the moment so we need to see the results of those exploration work that they’re doing at the moment so I need to find out a bit more information about that. In addition, the graphite project in Greenland is also prospective with gold so there’s a potential there to be surprised perhaps when the further results come out and given that the project is also right on the southern tip of Greenland there is the opportunity there to explore it all year round. So I think there could be some surprises there perhaps, as I’ve said we would need to see more results from the exploration that’s ongoing at the moment I think before we come to any sort of valuation for that project.
15/10/2016
07:41
moneymunch: Q&A with Dowgate Capital Stockbrokers: Alba Mineral Resources Plc Posted by: Amilia Stone 14th October 2016 Dowgate Capital Stockbrokers Analyst Jason Robertson caught up with DirectorsTalk to discuss Alba Mineral Resources Plc (LON:ALBA) Q1: Now I wanted to talk to you today about Alba Mineral Resource. The research note that I have in front of me is from 5th May this year, is this the most up to date research that you’ve issued on Alba? A1: It is yes, that’s right. I mean that note’s looking a bit old now, that was back in May as you said, and we are preparing a new revised updated note at the moment which we’re hope will be issued quite soon. Since that note was issued there has been more technical information published on Horse Hill and also the Brockham licence, which is next door to Horse Hill, which Alba also have an interest in. There’s also been more activity on their graphite gold and gold prospective project in Greenland so quite a lot has happened since that note back in May so quite a few things to talk about and to update people with. Q2: So the 5th May note has a target price of 16.5p which is far above the current share price of Alba Mineral Resource at the moment of 0.3, why is there such a big difference? A2: There is quite a big difference, the valuation is based upon a number of risk factors but essentially the basis of the note is based upon the technical reports that have been published by the industry experts such as Schlumberger, Nutech etc. so it’s based upon those figures and also most of the valuation, probably about over 99% of it, is based upon Alba’s stake in the Horse Hill licence. So it does seem like quite a difference you’re right, I think there’s also a lot of scepticism out there in the wider investment world about whether there’s actually a large oil discovery in southern England, in the Weald basin, I think a lot of people of sort of a bit sceptical about that and sort of wonder whether it can be developed. It probably will take a few years to actually get developed and also probably because it’s quite near to Gatwick airport I think people are worried that that might cause problems or not but I don’t think it would do. So yes I think there’s a bit of a difference between the target price and also the current share price, that will probably close at some point and also it is a conventional oil in play and some people are thinking it’s a frack in play which it isn’t so I think some people still think that might be a problem as well but I don’t think it is really. Q3: Can you explain the different risk factors that you’ve used to value Alba’s Horse Hill interest? A3: Yes sure. There was a number of different risk factors we’ve used in it so we’ve analysed the valuation based upon different pay zones or geological levels so you’ve got the Upper Portland which is near to the surface, you’ve got the Kimmeridge zone which is where we think most of the oil is and then you have the layers below that such as the Oxford, the Corallian and the Oolite. So there’s a number of different zones there and they’ve each got different risk factors applied to them, I think one of the biggest risk factors is the recovery rates so we’re assuming that in the Upper Portland zone there’s a potential 20% recovery rate and so we’ve estimated in Kimmeridge an 8% recovery rate and also further down the layers below that perhaps recovery rates of about 4% so there’s different sort of recovery rates there. We’re probably being very cautious actually on those recovery rates and in addition to that we’ve also got the development risk so there’s a development risk applied for each of those different zones, the Upper Portland has a very low development risk of around 15% right down to the lower zones below the Kimmeridge which has got quite high development risk of 50% thus the second risk factor. We also valued the oil based upon discovery values so some of the higher levels nearer to the surface have got a higher discovery value per barrel, as high as $10, it sounds quite high but then you’ve got these other risk factors behind it as well so it’s not really as high as that. The layers that are below the Kimmeridge have got just about 50 cents per barrel exploration value and just going back up to the Kimmeridge got a discovery value of about $8 per barrel on that so it sounds quite high but you’ve got all those other risk factors that sort of bring that down. Of course the biggest risk factor in all these different valuations of course is the recovery rates, the recovery rate could be a lot higher than what we’ve estimated, which itself is based on some of these capital reports that have come out from Schlumberger and Nutech etc. so there are a number of factors that we do use to sort of risk it, as such, so yes quite a complex task. Q4: Now I notice that the Brockham licence, in which Alba Mineral Resources has a 5% interest and is next to Horse Hill, is being drilled before the end of this year. What value did you put your 5th May note to the Brockham interest? A4: At the time there wasn’t really much information available on Brockham so in that note we valued the Brockham field along with Alba’s Greenland graphite project at just a low figure of about $1 million which is relatively small compared to the value that we put on Horse Hill which we put a value of about $328 million so that’s Alba’s interest in Horse Hill. So it is quite small, there was a technical report issued by Nutech last month so we’ve got that report now on the Brockham field which we can use to reassess the Brockham project interest. The Brockham licence itself is a much smaller licence than Horse Hill so we have to sort of factor that in as well so yes there is scope to improve that valuation for Brockham by quite a bit I would have thought. Q5: Regarding the risk factors that you used to value Horse Hill, will the same ones be used to calculate a value for Brockham? A5: Yes, good question really. I think the geology, given that it’s next door to Horse Hill, is believed to be very similar so I would think we’re going to use similar risk factors. Brockham itself is a production licence so you would think the development risks should be much less for Brockham than it is for Horse Hill because it should be easier, once you’ve actually discovered any further oil sources, to just add that to the existing production which they’ve been getting from that field so should be quite easy to do. Yes, I would have thought the development risk factor should be much less and also the oil value, maybe the recovery value might be a bit higher as well. It’s quite interesting if you look on a Google map for where that Brockham project is, it looks like it’s just under about 200 metres away from a railway line so that gives them, if they do find oil when they drill, a development option. So instead of trucking oil off in trucks there’s maybe, if they find the real big discoveries, a potential maybe for having some sort of facility to link up to the railway line possibly, of course there’s also the option of having a pipeline but they would probably use that if they had a much bigger discovery, depends on what they find when they do the drilling there. So yes on balance I think the risk factors will probably be much less than they are for Horse Hill Because it’s a production licence as opposed to an exploration licence although as I said it is a much smaller oil licence there. Q6: Will you be calculating a new value for the graphite project in Greenland? A6: as I said we did apply a nominal value to that project so there is an active expression going on at the moment so we need to see the results of those exploration work that they’re doing at the moment so I need to find out a bit more information about that. In addition, the graphite project in Greenland is also prospective with gold so there’s a potential there to be surprised perhaps when the further results come out and given that the project is also right on the southern tip of Greenland there is the opportunity there to explore it all year round. So I think there could be some surprises there perhaps, as I’ve said we would need to see more results from the exploration that’s ongoing at the moment I think before we come to any sort of valuation for that project.
11/10/2016
13:42
moneymunch: Dowgate 5 May 2016 before Alba acquired 5% of Brockham. gla ;-) Our estimated valuation for Alba comes to $328.4m ( £231.3m), equating to a diluted value per share and 16.5p share price target, representing a 48% uplift from our previous 11.1p (1 Dec’15) target. This offers considerable upside from the current sub 1p share price. We believe as investors and wider public slowly begin to understand the near term oil production potential of the Weald Basin in Southern England and listed companies such as Alba with an interest in their future development, that the underlying share price will trade nearer our estimated valuation. Investors may also begin to appreciate the potential upside of Alba’s graphite project, when exploration results are announced in a few months time. With these considerations in mind and 16.5p price target, we continue to value Alba as a ‘Buy’. Unfortunately, investors still don’t seem to believe that a major oil find that could be strategic to meeting the UK's future energy demands lies on London’s doorstep. This perception has held back Alba’s share price and that of other listed Horse Hill consortium partners. As further technical data and reports are released by oil industry consultants,and other work completed over the next year, we believe the project value to investor understanding equation gap will rapidly narrow. This therefore provides today’s buying opportunity. In addition, Alba has a core non oil project in Greenland, which could hold potential to host a high grade graphite deposit. Finding new high grade commercial discoveries will be crucial to meet global graphite demand from new emerging graphite based technologies such as lithium -ion batteries for electric and hybrid vehicles, which typically contain up to 15 times more graphite than lithium. Exploration work planned this summer should help our project understanding and provide investors with an additional newsflow stream to Horse Hill. hTtps://gallery.mailchimp.com/5dfc606adf43e1854a128b73e/files/Alba_Mineral_Resources_DCS_Buy_Note_5_May_2016.pdf 10/10/16 INTERVIEW: Alba Mineral Resources Plc to be re-valued say Dowgate Capital Dowgate Capital Stockbrokers Analyst Jason Robertson talks to DirectorsTalk about Alba Mineral Resources Plc (LON:ALBA). Jason talks about the broker note issued on 5th May 2016, explains the difference between the target price of 16.5p and Alba’s current value of 0.3p, explains the different risk factors used to value Alba’s Horse Hill interest, the value given to the Brockham interest and why, the risk factors used to re-value Brokham, new values for the Graphite project in Greenland and finally when we can expect to see the new note published. hTtps:// www.directorstalk.com/interview-alba-mineral-resources-plc-re-valued-say-dowgate-capital/
09/10/2016
19:08
moneymunch: 16.5p target by Dowgate, and before they knew that Alba were to acquire 5% of Brockham's imminent sidetrack.....the risk reward from their tiny market cap and bargain share price is some what exceptional given the potential and prospects at hand. Gla holders , exciting times and significant upside ahead. ;-))) Dowgate 5 May 2016. Our estimated valuation for Alba comes to $328.4m ( £231.3m), equating to a diluted value per share and 16.5p share price target, representing a 48% uplift from our previous 11.1p (1 Dec’15) target. This offers considerable upside from the current sub 1p share price. We believe as investors and wider public slowly begin to understand the near term oil production potential of the Weald Basin in Southern England and listed companies such as Alba with an interest in their future development, that the underlying share price will trade nearer our estimated valuation. Investors may also begin to appreciate the potential upside of Alba’s graphite project, when exploration results are announced in a few months time. With these considerations in mind and 16.5p price target, we continue to value Alba as a ‘Buy’. Unfortunately, investors still don’t seem to believe that a major oil find that could be strategic to meeting the UK's future energy demands lies on London’s doorstep. This perception has held back Alba’s share price and that of other listed Horse Hill consortium partners. As further technical data and reports are released by oil industry consultants,and other work completed over the next year, we believe the project value to investor understanding equation gap will rapidly narrow. This therefore provides today’s buying opportunity. In addition, Alba has a core non oil project in Greenland, which could hold potential to host a high grade graphite deposit. Finding new high grade commercial discoveries will be crucial to meet global graphite demand from new emerging graphite based technologies such as lithium -ion batteries for electric and hybrid vehicles, which typically contain up to 15 times more graphite than lithium. Exploration work planned this summer should help our project understanding and provide investors with an additional newsflow stream to Horse Hill. hTtps://gallery.mailchimp.com/5dfc606adf43e1854a128b73e/files/Alba_Mineral_Resources_DCS_Buy_Note_5_May_2016.pdf
07/10/2016
16:09
moneymunch: Dowgate 5 May 2016. Our estimated valuation for Alba comes to $328.4m ( £231.3m), equating to a diluted value per share and 16.5p share price target, representing a 48% uplift from our previous 11.1p (1 Dec’15) target. This offers considerable upside from the current sub 1p share price. We believe as investors and wider public slowly begin to understand the near term oil production potential of the Weald Basin in Southern England and listed companies such as Alba with an interest in their future development, that the underlying share price will trade nearer our estimated valuation. Investors may also begin to appreciate the potential upside of Alba’s graphite project, when exploration results are announced in a few months time. With these considerations in mind and 16.5p price target, we continue to value Alba as a ‘Buy’. Unfortunately, investors still don’t seem to believe that a major oil find that could be strategic to meeting the UK's future energy demands lies on London’s doorstep. This perception has held back Alba’s share price and that of other listed Horse Hill consortium partners. As further technical data and reports are released by oil industry consultants,and other work completed over the next year, we believe the project value to investor understanding equation gap will rapidly narrow. This therefore provides today’s buying opportunity. In addition, Alba has a core non oil project in Greenland, which could hold potential to host a high grade graphite deposit. Finding new high grade commercial discoveries will be crucial to meet global graphite demand from new emerging graphite based technologies such as lithium -ion batteries for electric and hybrid vehicles, which typically contain up to 15 times more graphite than lithium. Exploration work planned this summer should help our project understanding and provide investors with an additional newsflow stream to Horse Hill. hTtps://gallery.mailchimp.com/5dfc606adf43e1854a128b73e/files/Alba_Mineral_Resources_DCS_Buy_Note_5_May_2016.pdf
11/4/2016
09:41
loobrush: from lse ALBA SHARE PRICE IS TOO CHEAP SHOULD BE UP TO 4 TIMES HIGHER. With news on the value of Horse Hill due very soon, time to highlight again how MASSIVELY UNDERVALUED ALBA's share price is compared with that of UKOG as the share prices of both increase purely on the potential of Horse Hill. This is illustrated as follows :- UKOG with 2,043,907,000 shares @ 1.95 p per share is valued at £39.58 million ALBA with 1,286,789,000 shares @ 0.36 p per share is valued at £4.62 million UKOG has 30 % of Horse Hill ALBA has 15 % of Horse hill So ALBA has half of what UKOG has. Therefore one would expect ALBA to be valued at half what UKOG is, which is £39.58 million divided by 2. That is £ 19.79 million Which which means ALBA's share price should be 1.53p. That is 4.25 TIMES the current 0 .36 p share price of ALBA. If UKOG's share price increases, the corresponding ALBA's share price should be as follows. UKOG ALBA 2.5 p 1.98 p 2.75 p 2.18 p 3.0 p 2.38 p 4.0 p 3.17 p This illustrates how cheap ALBA's share price is.
01/3/2016
09:41
loobrush: lse post ALBA SHARE PRICE IS TOO CHEAP UKOG up 13% ALBA up 9% ???? With excellent latest news on flow rates time to highlight again MASSIVELY UNDERVALUED ALBA share price of compared with that of UKOG as the share prices of both increase purely on the potential of Horse Hill. This is illustrated as follows :- UKOG with 2,030,284,000 shares @ 2.87 p per share is valued at £58.26 million ALBA with 1,286,789,000 shares @ 0.45 p per share is valued at £5.9 million UKOG has 19.5% of Horse Hill ALBA has 9.5% of Horse hill So ALBA has half of what UKOG has. Therefore one would expect the ALBA to be valued at half what UKOG is, which is £29.13 million. A £29.13 million ALBA's share price should be 2.2 p That is 4.9 TIMES the current .045 p share price of ALBA. Buy Alba it's still too cheap and this will not last for long.
Alba Mineral Resources share price data is direct from the London Stock Exchange
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