Alba Mineral Resources Share Discussion Threads

[moneymunch] 14/2/2017 10:11

Pmsl...:-)))))

[frjdnverijtnhj8568934] 14/2/2017 10:09

For your sake I hope it's not bad news.

[moneymunch] 14/2/2017 10:04

Brockham Update imminent!!! ;-)

[moneymunch] 14/2/2017 09:47

Lol give it up you tit....no one is selling!!! All shares are now held tightly for the inevitable re-rates as HH Ewt's get underway on the back of good news from Brockham and regulatory approval from Greenland. Alba is a little gem of a share with so many exciting prospects with the very high chance of a multi-bag from this bargain low share price and tiny c£6m market cap. Gla holders...Big news stacking up.;-)

[frjdnverijtnhj8568934] 14/2/2017 09:33

Going by the share price it could just be days way.

[moneymunch] 14/2/2017 09:31

Lol....months away, otherwise the Directors wouldn't have paid £153k to exercise their share options at 0.3p last month.....you really are a pathetic lowlife snide......I can't wait for Alba's next fund raise on the back of free flowing limestones and maybe gas at Brockham, Regulatory Approval on Greenland and HH's EWT's underway....Gla holders. ..a re-rate or two in share price beckons. ;')

[frjdnverijtnhj8568934] 14/2/2017 09:21

You are ignoring the financial liabilities on the balance sheet. At the end of May they only had about £70,000 left if you include these.

Why don't the company update their shareholders as to the current cash position. You can easily argue that the statement at the placing that they had enough for near term commitments has already been satisfied. Look at all the RNS statements, they have obviously been spending this money but won't say how much. Everyone knows a placing is coming. Is it months away or weeks away? That is the question.

[moneymunch] 14/2/2017 09:04

More than enough for the near term cash call at HH......they had over £300k before September's placing and paid for their cash commitments at Brockham in August prior to the placing. Expenditure at Greenland and Ireland has been minimal.......you were determined to undermine and deter on the last placing at 0.2p....but a month later the share price hit 0.4p plus....LOL......Gla holders the snide lowlife is yet again in desperation mode....determined to undermine and deter.......at the same time that BIG news from Brockham, HH and Greenland is expected.......;-))))

9/8/16
Alba is pleased to announce that, having exercised its option to earn a five per cent interest in UK Petroleum Production Licence 235 (PL235), it has paid its share of the cost of the first cash call issued by the Operator, Angus Energy Weald Basin No.3 Limited, in respect of the proposed drilling of a side track well at Brockham. The cash call issued relates to the costs required to effect certain required upgrades to the surface facilities at the Brockham site. Subject to the receipt of regulatory approvals, the Operator has informed the Company that it expects to commence drilling by the end of this year.

Alba originally secured this option to earn a five per cent interest in Brockham as part of its acquisition from Angus Energy in October 2015 of a 5 per cent interest in Horse Hill Developments Limited, the 65 per cent owner of the Horse Hill oil and gas project (PEDLs 137 and 246). Alba's earn in to Brockham was originally agreed to be on a "two for one" promote basis, whereby Alba would pay a ten per cent contribution to the cost of the drilling of the side-track well (from spudding to first oil) in order to earn its 5 per cent interest. Alba has now agreed with Angus that Alba's contribution to the cost of the side track well from spudding to first oil shall be capped, for all dry hole costs, at a maximum of GBP187,125, plus a maximum of a further 10 per cent of the AFE (Agreement For Expenditure) to be issued for production/well testing, and Alba shall only be required to fund Brockham joint account costs incurred and cash called thereafter in accordance with its five per cent interest only, and no higher

The Company considers this entry cost to a fully developed and recently producing oilfield to be modest, not least since Alba is able to commence its participation in Brockham on the cusp of an exciting development, namely the drilling of a side-track well via which the Operator expects to be able to recommence production at Brockham.

[frjdnverijtnhj8568934] 14/2/2017 08:47

So how much of the 900K is left? They've spent $300K just keeping the lights on! Then they've been doing aerial surveys over Greenland, analysis of Greenland results, they've paid to increase their stake in Greenland because the other party wanted out, their part payment for Brockham drill and the ongoing work at Limerick. There will have been some Horse-hill expenditure as well no doubt. So how much do you think is left?

[moneymunch] 14/2/2017 08:43

ps frigid thicko.....name one AIM listed company that has raised cash for 5 years expenditure.....YOU CLOWN!!!

[moneymunch] 14/2/2017 08:41

Lol....sorry to repeat myself, but for the benefit of the two snide numpties that have crawled out from under their stones......Gla holders.....BIG news from Brockham coming, Greenland Regulatory Approval and Permit Approval for Horse Hill's extended flow tests.....SIGNIFICANT UPSIDE on its way!!! ;-))))

Alba raised £900k cash end of September 2016 on top of the few £100k they had, this covers all of their near term cash commitments at Brockham and HH etc. They also raised an additional £153k last month when the Directors exercised their share options at 0.3p, which suggests that they're not planning a discounted fund raise anytime soon......although there's nothing wrong with a fund raise for the development of a company's assets to increase shareholder value and attract new investors, and in the case of Alba, any future fund raise will likely be at a significant premium to the current share price as HH Ewt's get underway on the back of good news from Brockham and Greenland etc. Gla holders ;-)

[frjdnverijtnhj8568934] 14/2/2017 08:30

This company releases more project updates than Rio Tinto. The problem is they highlight how early stage they are at, and the obvious need to raise more funds for the next stage. The share price is not going anywhere because the next share placing is being anticipated. Alba need to raise cash for 5 years expenditure, not 6-12 months.

[thehitman1] 14/2/2017 08:28

Money, you're not bad at ramping but problem is, there is nothing to ramp, lol.

expect a placing soon.

[datait] 14/2/2017 08:25

UKOG is another about to take off folks watch this space news expected by 23rd and market makers have been consolidating, watch this space.

[moneymunch] 14/2/2017 07:56

Alba raised £900k cash end of September 2016 on top of the few £100k they had, this covers all of their near term cash commitments at Brockham and HH etc. They also raised an additional £153k last month when the Directors exercised their share options at 0.3p, which suggests that they're not planning a discounted fund raise anytime soon......although there's nothing wrong with a fund raise for the development of a company's assets to increase shareholder value and attract new investors, and in the case of Alba, any future fund raise will likely be at a significant premium to the current share price as HH Ewt's get underway on the back of good news from Brockham and Greenland etc. Gla holders ;-)

[moneymunch] 14/2/2017 07:35

Irish Zinc Industry

Sixty years ago Ireland had no mining industry and seemingly no prospects but a few maverick pioneers led by Pat Hughes, a returned emigrant found zinc in Galway. This led to a boom in exploration and further discoveries.162 Clontarf Road was built in the late 1960s to house the headquarters of Tynagh, Tara and Gortdrum - three large base metal discoveries, all part of the Pat Hughes group of companies. As a result Ireland is known as a world class zinc province – highly prospective for zinc discoveries. In 2007 Ireland produced 38% of Western Europe’s zinc and 25% of its lead. From the discovery of the Tynagh mine near Loughrea in the early 1960s to the present when all of the world’s leading zinc miners are actively exploring, Ireland has proven to be the most prospective country in the world in which to discover zinc. A wide band of limestone stretches from the Northeast around Dundalk through the midlands down to Clare/Limerick and Kerry. On the borders of this band some of the biggest and best zinc mines have been found.

Tara, at Navan, now owned by Boliden, which has been producing for 35 years, was for a long time the largest zinc mine in the world and is now the 6th largest. Lisheen, in Tipperary is the 12th largest zinc mine. In their day, the Tynagh mine in Galway and the Silvermines mine, in Tipperary, were among Europe’s biggest. There is every chance of the trend continuing with 3 significant zinc discoveries currently being explored – the Limerick Pallas Green discovery owned by Glencore, where 28 million tonnes have so far been outlined, the Stonepark discovery beside Pallas Green, owned by Connemara and Teck, where upwards of 5 million tonnes are outlined and the earlier stage Kilbricken discovery of Lundin Mining in Clare. Over 30 companies are actively exploring in Ireland including a cluster of Irish exploration companies. Numerous large publicly listed mining companies owe their origins to Irish zinc: Northgate, the original Tara and Kenmare to name but a few. Irishmen who learned their trade in Irish mining have founded dozens of exploration companies in Canada, Australia and the UK including, Connemara, Minco, Alba, Ormonde and Rathdowney.

The early investors in Tara and Northgate saw huge returns. RecentlyMinco sold their Pallas Green interests for $20m while earlier explorers such asIvernia with a stake in Lisheen, Conroy/Arcon owning Galmoy and Belmore in Clare sold out to multinationals. Currently Irish zinc explorers are very active. Connemara is busy with Teck in Limerick and Oldcastle.IMC is drilling in Tipperary. Rathdowney, Canadian listed but Irish, has ground in the Midlands recently joint ventured with the giant Antofagasta, while Alba has a Limerick joint venture with Teck.Unicorn and Midas are two other private Irish companies with licences. All of the explorers are looking for the same thing – a big high grade deposit. The Glencore discovery in Limerick is examining the feasibility of a 6,000 tonne a day world class mine costing $500m and employing hundreds. Commercial discoveries are needed. Lisheen has only 2/3 years left and the life of Tara is less than 10 years but the prospects are good.

THIS PAGE WAS LAST UPDATED ON 03 JANUARY 2017

[tmmalik] 14/2/2017 07:18

Good update HH news expected on 23 so good time to increase holdingDo they need more cash for HH ?

[moneymunch] 11/2/2017 09:14

HH Key milestone coming soon

Total will no doubt be watching developments at HH very closely from now on in.........Tellurian's next key milestone will be the filing of it's permit application........HH's next key milestone will be the approval of it's EWT permit application.....and significant upside in share price very likely for Alba and Ukog et al on confirmation.......and then full market focus and investor interest thereafter, with flowtest results likely to come in zone by zone throughout the year ahead......with transformational upside potential on confirming oil in recoverable volume . Gla holders......Exciting times with HH's EWT permit approval expected soon....a defining moment in HH's development. ;-)

[moneymunch] 11/2/2017 08:33

Souki takes exporting company Tellurian public as reverse merger is completed


February 10, 2017 Updated: February 10, 2017 10:23pm


Cheniere Energy founder Charif Souki has successfully taken his new company public on Nasdaq with the stock ticker "TELL" for Houston-based Tellurian.

Souki was ousted from liquefied natural gas export pioneer Cheniere just more than a year ago, and he founded Tellurian as a new LNG competitor. Tellurian went public through a reverse takeover completed Friday with the now-defunct Magellan Petroleum Corp. of Denver, which used to trade as "MPET."

Tellurian stock lost 18 cents Friday to close at $14.03 a share.

Tellurian is developing the $12 billion Driftwood LNG project south of Lake Charles, La., as part of the next wave of LNG export projects. The goal is to bring it online in 2022 with the expectation that global demand growth by then will have wiped away the anticipated glut of LNG in the coming years.

Tellurian chief executive Meg Gentle, whom Souki, the chairman, poached from Cheniere, said her company's next milestone will be filing its permit application for Driftwood LNG with the Federal Energy Regulatory Commission.

Tellurian is betting on strong demand for LNG over the long-term as natural gas becomes the preferred fossil fuel in a world increasingly concerned about climate change.

The company's partners are, too. Paris-based Total last year agreed to buy a 23 percent stake in Tellurian. In November, General Electric's oil and gas division, which is combining with Houston-based Baker Hughes, agreed to a smaller stake in Tellurian for $25 million.

"We look forward to creating value for our shareholders by delivering clean, low-cost, and reliable liquefied natural gas to the global market,” Gentle said in the release. “We are developing large-scale energy infrastructure on the U.S. Gulf Coast, including the 26 million-tonnes-per-annum Driftwood LNG facility in Calcasieu Parish, Louisiana, which is scheduled to begin construction in 2018.”

[moneymunch] 10/2/2017 22:20

Lol tap on the Mpet website and it takes you straight to the new Tellurian website.



and it appears that they're going to be holding on to their 35% HH interest, and maybe at the request of TOTAL......if there's sh1t loads of oil across the Weald Oil Basin then no doubt the French will want to own as much as they can. Gla holders Exciting times ahead. ;-)

From Tellurian's newly created website....

Onshore in the UK, oil and gas plays are currently at the early stages of assessment and development in several onshore geologic basins that potentially contain significantly large tight reservoirs. We have non-operated interests in two exploration permits (PEDLs 137 and 246) located southwest of London, which permits cover the Horse Hill oil discovery. The Horse Hill-1 well has identified potential prospects from the Portland sandstone and Kimmeridge Clay limestone formations, which are currently being appraised by conducting certain flow tests.

[moneymunch] 10/2/2017 16:44

Positive Changes to Greenland Licence Obligations

February 10, 2017 - 8:03am - By The Arctic Journal

10 February 2017

FinnAust Mining plc (‘FinnAustR17; or the ‘Company’;)

Positive Changes to Greenland Licence Obligations

FinnAust Mining plc, the AIM and FSE listed company with projects in Greenland & Finland, is pleased to announce that the Government of Greenland has amended the Standard Terms for Exploration Licences for Minerals (excluding hydrocarbons) in Greenland. Under a newly issued addendum, the expenditure obligations for exploration licences from year 6 to year 11 inclusive will be reduced to a zero expenditure requirement for 2017. This will result in cost savings to the Company as it looks to advance its newly acquired Avannaa licences in Greenland, now renamed Disko Exploration Limited (‘Disko’).

The decision by the Government of Greenland has been made following extensive industry consultation and direct dialogue with licence holders in Greenland, and is a clear demonstration of Greenland’s supportive approach to its emerging minerals industry.

[temmujin] 10/2/2017 07:06

FinnAust Mining plc / EPIC: FAM / Market: AIM / Sector: Mining
10 February 2017
FinnAust Mining plc ('FinnAust' or the 'Company')
Positive Changes to Greenland Licence Obligations

FinnAust Mining plc, the AIM and FSE listed company with projects in Greenland & Finland, is pleased to announce that the Government of Greenland has amended the Standard Terms for Exploration Licences for Minerals (excluding hydrocarbons) in Greenland. Under a newly issued addendum, the expenditure obligations for exploration licences from year 6 to year 11 inclusive will be reduced to a zero expenditure requirement for 2017. This will result in cost savings to the Company as it looks to advance its newly acquired Avannaa licences in Greenland, now renamed Disko Exploration Limited ('Disko').

The decision by the Government of Greenland has been made following extensive industry consultation and direct dialogue with licence holders in Greenland, and is a clear demonstration of Greenland's supportive approach to its emerging minerals industry. Following the recent acquisition of the Disko licences (see RNS dated 5 January 2017) FinnAust believes these new assets have significant resource potential and this more favourable licencing environment will support their on-going assessment. Historical work by major mining houses such as Conminco, Falconbridge and RTZ identified two large and very high-grade drill ready targets at the Disko licences. These targets are the magmatic massive sulphide Nickel, Copper and Platinum Group Elements at the Disko Project and the Kangerluarsuk Zinc, Lead and Silver Sed-Ex Project.

The Company also operates the Pituffik Titanium Project ('Pittufik') in Greenland where bulk sampling is scheduled to commence later this year. The new addendum does not apply to Pituffik, which is within the 0-5 year licence bracket.

FinnAust CEO Roderick McIllree said, "This type of consultative and cooperative approach between Government and licensee is another clear demonstration of Greenland's commitment to, and support of, a growing minerals industry. Greenland is endowed with outstanding prospectivity, has established infrastructure and a strong rule of law. In a world where there are many examples of jurisdictions not supporting their mining industry, Greenland stands out as a country that's open for business."