Alba Mineral Resources Share Discussion Threads

[mister md] 17/12/2017 11:45

www.proactiveinvestors.co.uk/companies/amp/news/188819

Not sure i've ever seen such a wide gap between current shareprice and broker target (6p)

[thehitman1] 16/12/2017 17:12

Lol, funding in progress.Watch out!!!!

[temmujin] 15/12/2017 20:12

6p will do for me....bring it on next week!

[25wbh] 15/12/2017 18:32

Yes Rayrac much more to come some one paid .047 after hours so that's a good sign

[rayrac] 15/12/2017 18:28

Yes 25wbh, very encouraging day and far far more to come!

[25wbh] 15/12/2017 17:49

Very happy with todays trading 61 mill traded

[thehitman1] 15/12/2017 17:06

Xtr next big one!!!Funding news for alba next.

[freedom97] 15/12/2017 14:42

Don't forget to put your profits into XTR & JLP stephen2010 see link below:

"Alastair Ford's Christmas pick of the African miners"

www.proactiveinvestors.co.uk/companies/stocktube/8506/alastair-ford-s-christmas-pick-of-the-african-miners-8506.html



"Ford also discusses Jubilee Platinum PLC which is due to begin trading as Jubilee Metals Group from Friday, 15 December."

[rackers1] 15/12/2017 12:34

Rayrac best don't ignore elnocap or you'll miss out on some great reverse calls from this true legend.

[miahkaysor] 15/12/2017 12:24

PROCEEDS INTO GGP, ABOUT TO SPIKE TO 2.5p!!!!


NEWS DUE SOON!!!



NAI.DYOR!

[elcapital2017] 15/12/2017 12:06

You said im filtered old man?

These spiv stocks will finish off your pension pot, theyre to punt with only

[elcapital2017] 15/12/2017 11:53

I heard theyre buying a sweet shop next

[rayrac] 15/12/2017 11:52

Ignore the rubbish posters from the ukog thread, they'll follow some of us around...so that’s a good sign. :)

Just added 1m.

[thehitman1] 15/12/2017 11:44

More funding to follow soon.

[dubjon] 15/12/2017 11:15

We're off !
How long will this upleg last?

[25wbh] 15/12/2017 08:36

MMs selling the shares given in exchange for the gold prospect, they have to sell them in an orderly way over a period of 6 months so they wont keep this down for ever

[au24] 15/12/2017 00:07

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in Alba’s share price is undeniable.

VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note
uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The
Horse Hill licences are valued using independent published technical data from
Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own
assumptions on recovery rates, oil discovery value, resource and development risks
factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived
for Horse Hill.

Given the similar geology and economic potential of both TBS and Dundas, we have
adopted a risked closeology valuation approach, by computing an NPV for Dundas of
$223m and then applying a three-tiered risked probability calculation to arrive at a value
of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS
and Bluejay its Feasibility Study results, this number is likely to be revised upwards very
rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder
value.

We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which
4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth
of valuation catalysts anticipated across the project portfolio in the coming months, we
recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential
15 times plus uplift from the current share price.

[au24] 15/12/2017 00:03

Alba Mineral Resources plc update their shareholders.
Posted by: giles.arbor 13th September 2016


At Horse Hill, the oil and gas project in the Weald Basin in Surrey, back in March the consortium of which we are a member had fantastic results from the flow tests at the Horse Hill-1 discovery well, which flowed at close to 1700 barrels a day.

HHDL are currently in the detailed regulatory approval phase so that we can be in a position to return to site early next year and commence longer-term flow testing of the different layers of oil that were found during the drilling last year of the Horse Hill-1 discovery well.
This longer-term flow testing will hopefully go a long way to establishing the commerciality of the Horse Hill project.
More recently, in August we consolidated our interests in the Weald Basin by exercising the option we had acquired from Angus Energy to earn a five per cent interest in the Brockham oil and gas project, which is situated just five miles or so from Horse Hill.
Although the Horse Hill and Brockham projects are geographically close to one another, their profiles are quite different in that Brockham was until early this year a producing oil field, production having been halted temporarily while the operator, Angus Energy, prepared certain site upgrades and prepared to drill a side-track well targeting the Portland sandstones as well as the Kimmeridge limestones.
The objective is to restart production at Brockham at improved flow rates.
We are excited by the opportunity at Brockham to enter into a mature project on the cusp of a potentially significant drilling event which could produce revenues for all the Brockham participants including Alba.

Looking Good.

[au24] 14/12/2017 23:58

Saw your plug Stephen.
Tell me more:)

[elcapital2017] 14/12/2017 22:00

if you believe in fairies