Alba Mineral Resources Share Discussion Threads

[smoothtosmooth] 14/4/2018 19:14

Whoever's got the shares seems to be holding them tight.

[25wbh] 13/4/2018 07:47

Good morning all, Dull wet and raining Friday 13th.

could do with something to cheer me up!!

[25wbh] 11/4/2018 08:22

Also Friday 13TH the New Shares will be in issue,could be an interesting day as we may get a clue as to where the 100 million lump went

[blueblood] 11/4/2018 08:16

Where is the TBS JORC? Time for BoD to earn there money and start delivering value to shareholders.

[25wbh] 10/4/2018 08:24

Good morning all, see we are starting to make a little progress!!

[25wbh] 09/4/2018 14:37

Alba getting very excited about its Cobalt reserves,see link on 3iii

[rampair] 08/4/2018 11:25

Thank goodness.

[philjeans] 08/4/2018 11:13

ALBA has a very good chance of doubling from here.

Not interested in JAY!

End of.

[dreamtwister] 08/4/2018 10:01

jay is a miner,alba is not!the equity raise for hh by ukog will require syndicate partners to pay a %,that is why other interested parties lowered their percentage or sold out.

[bobmonkeyhouse] 07/4/2018 19:56

Do u ever get anything right you silly old man?

[rayrac] 07/4/2018 19:33

And how much net cash does jay have? £6m? And no hope of financing without help from a partner.

HH on the way at alba, so therefore income.

Institutions restricted by the mc of Alba, they would blow the share price sky high if they invested.

[rampair] 07/4/2018 19:06

Alba holders, do you know how much some of these licenses cost?
They are not that expensive. It’s the required spend you need to look at.
As to the risible notion that Alba
Has more minerals - honestly dyor
is an acronym you should start to pay attention to.
There’s usually a reason why money is placed with certain companies - I suggest
we all re appraise this situation in a few months

R.

[gazza102] 07/4/2018 18:34

Agree market cap is what you need to compare.

[suncanaria] 07/4/2018 14:44

My thoughts exactly this is way too cheap.

[rayrac] 07/4/2018 14:15

Jay has a market cap of £222m a Alba £8.7m and neither have any production.

Shares in issue isn’t comparable, as the value of each share is so different.

Alba will have production from HH, way before Jay from Greenland.

Alba has a host of minerals, far more than Jay.

[dreamtwister] 06/4/2018 09:57

alba has a lot of paper work, but no production figures,

compare the shares in issue jay/alba

alba has 18% of horse hill but more shares in issue than ukog ! !

jay have produced bulk samples & stock piling with a off take agreement

alba has a host of minerals but a lifestyle management that needs to prove up assets.

[philjeans] 06/4/2018 08:49

From the Align tip;

Something clearly does not add up. If we strip out of JAY the circa 15m GBP of cash we estimate is left on balance sheet (@ 1.7p) and apply an arbitrary 1p for the balance of their Finnish portfolio this still implies the market is valuing JAY’s Dundas field at in excess of 20p per share or approx £170m. By way of illustration of this phenomenal market disjoint, if we applied the same valuation to ALBA’s licence area (which at present has, we would argue, less than £1m of implied value in their market cap) the stock would be trading at 6.5p. That’s right 6.5p – over FIFTEEN times the current market cap.
NOTE – we have not included in this piece any value attribution to ALBA’s other assets at Horse Hill, Brockham, Amitsoq & Inglefield (also in Greenland) or the Clogau gold project in North Wales & Irish lead & zinc interests. Third party analyst estimates of value here run up to 10p per share too.
To conclude, IF the valuation of JAY has any basis of reality then ALBA is stupidly undervalued on their Thule licence front alone. If (as we believe) JAY’s valuation has no basis in reality and is an illustration of what can be done with a limited free float and hard promotion, a short position here v a long play in ALBA we believe will pay dividends many times over as we progress through 2018 into 2019.

[blueblood] 06/4/2018 08:33

Hitman been tangoed?

[25wbh] 04/4/2018 14:14

Many thanks for your offer Rampair,its nice to have honest opinions ,B

[rampair] 04/4/2018 13:35

25wbh, if you ever need info, we will treat it as genuine - we’ve been a long time in FinnAust then Bluejay.
Mr McIllree the MD is a rare find in the AIM market - honest

R.

[25wbh] 04/4/2018 09:46

Again SF thanks for additional info

[snowyflake] 04/4/2018 09:08

Also Western Areas were an existing shareholder in FinnAust as it was then named (now Bluejay) when Rod McIllree became ceo of FAM now JAY. Remember that the deal that got things going placed each FAM share at 2 pence.

Western Areas are really a nickel play, and had wanted to divest its interest in FAM because, as BBB puts it, they needed cash but they also wanted to advance their other projects.

So as BBB points out there was a placing and at the same time Prudential (formerly M & G) took up Western Areas' interest at 12 pence. M & G is worth a mention since they had a 20% interest in Sierra Rutile (SRX) ( a miner of rutile,zircon and ilmenite). Pala Resources also had a large shareholding in SRX and so I believe were keen to realise a substantial profit on their SRX stake. So the story goes M & G were most unhappy at the price that SRX were sold to Iluka for - the price was £250 million including debt.

M & G are as BBB says a shareholder in JAY as are other Tier 1 investors. Iluka which admittedly has other interests is capitalised at over 4 billion AUS dollars or about £2.5 billion; yet another reason why I am a content JAY investor.

[25wbh] 04/4/2018 08:22

Interesting info bigboyblue thanks