Alba Mineral Resources Share Discussion Threads

[jungmana] 21/7/2018 22:11

Worth listening again to our CEO talking about Greenland projects

[spawny100] 21/7/2018 22:07

Thanks snowyflake - always appreciate a more cautious approach to things as a balance to the ramping "going to the moon" posts. I have learned the hard way to listen to lone voices airing valid concerns and views.

[jungmana] 21/7/2018 22:00

Snowflake, you are entitled to you opinion. I and the CEO believe we have great projects in Greenland. See our ilmenite grades in our last Thule drills. Very similar to Dundas. As for cash position, we have enough for now but off course we May raise funds as we progress on our different projects

[snowyflake] 21/7/2018 21:35

Jungmana - I disagree that Alba has a similar project to that of Dundas. The two projects are different for a number of reasons which is why the board of Bluejay rejected the self same licence which Bluejay possessed.

It will be interesting to see a)which independent company Alba choose to prepare Alba's JORC resource b) whether Alba ever fund such an independent company and c) if Alba does fund a company to do the necessary work and prepare one, what the JORC resource states.

With investing I always remind myself that talk by executives can be cheap.

Worth also examining Alba's accounts to 30/11/17, working out expenses for that year (I calculate £650,000) net cash at year end (I calculate net of debts £230,000) money received through placings since the year end (£1,560,000) and the number of shares which have been issued (wise to not ignore dilution). It looks to me as if Melville has been abandoned as a project - what next I ask.

A great deal for me seems to rest on HH.

[jungmana] 21/7/2018 20:52

Here is the reminder of the conference call held 2 weeks back;http://youtu.be/IZxblEN_nMk

[jungmana] 21/7/2018 20:46

6p target issued there by First Equity just 2 days back

[jungmana] 21/7/2018 20:32

Bluejay are about 2 years ahead of us with their project in Greenland. We have a very similar project and this is the reason our CEO kept mentioning them in recent interviews. Shows the huge potential here

[graylyn1] 21/7/2018 20:17

ALBA are in Greenland now, "I believe" where they hope to acquire enough material when added to what they already have from last season to be able to produce a JORC resource of the material at Thule.

How long we have to wait for the JORC after the current season finishes I do not know? I think Align where a bit ahead of themselves on that one. I think brokers are always over enthusiastic and I like to work on about a third of what they quote as a prospective share price.


ALBA remains cheap, based on H.H. alone, then add in some potential for hopefully near term gold at Clogau perhaps within 2 years? Thule "JORC" would be icing on the cake. I think 2-3p possible this year with a good outcome from H.H. lets see, just my opinion.

[snowyflake] 21/7/2018 19:19

Thank you tidy 2. That is the Align to which I refer above. But when is a reputable independent firm being instructed to prepare the JORC resource? It is a fundamental and essential step to prove up Alba's Thule resource.

But they are expensive.

[snowyflake] 21/7/2018 19:15

What you have posted the clangers is not a JORC resource. Try this from Bluejay



It was announced on 23rd April 2018.

Align stated in their note of 2nd April that the Alba JORC resource was "expected shortly". The author possibly Richard Jennings may well have got that information from a board member of Alba - may be GF.

It is now three and half months since that note. Does anyone know when it will be prepared by an independent reputable firm like SRK and that does not include Mr Baker who works directly for Alba?

[tidy 2] 21/7/2018 19:12

This research note? hTTp://www.alignresearch.co.uk/alba-minerals/the-bluejay-mining-alba-minerals-conundrum/

[snowyflake] 21/7/2018 18:15

top tips - have I missed it and, if I have, where is the JORC resource for Thule "expected shortly" in Align's note of 2nd April, the link of which you provided at 8.37 this morning?

Please point me to the RNS announcing it.

[jungmana] 21/7/2018 14:27

Two weeks back we had a conference call. The CEO made clear that we are fully funded.

[kcowe] 21/7/2018 13:59

loobrush .... alba placed twice and is funded .

[livup967] 21/7/2018 13:53

''Alba have no money''' THAT'S NOT TRUE LOO'''' your are talking LOOBRUSH... LOL'''

PLEASE DO SOME research '''' you will have plenty of time before monday''''

[tidy 2] 21/7/2018 13:51

Yes. My thoughts also. hTTps://twitter.com/Share_Talk/status/1020649159228043265

[tidy 2] 21/7/2018 13:50

You obviously have not researched alba remotely then. GF has publicly stated Alba is fully funded for 2018 operations including it has already paid HH upfront for the 150 day testing. Oil sales from this also go towards costs which extends the current cash till. They have 2 other campaigns running alongside and are funded for these also. Hard lines chump.

[livup967] 21/7/2018 13:47

like your work out TIDY'' 1.4P to 1.6P could be achieve in 2 to 3 weeks.. A MONTH...
if the stars align and more horsehill news and black sand progress...

GF need to keep that media machine rolling and share price will react .....
he has been doing a good job so far.. with a few interview in the last week or so..
regular 2weekly update is what's needed and charts... from ZAK TRADER helps also..
and when UKOG flow test result comes that will be a surprise bonus....
but he need to bring more news on black sand and gold asset.... and sell the rest...
ASAP.... there is too much going on.... 3 good investment producing is more than
enough for a CO of our size ... no need to be greedy....

HORSEHILL'''' BLACK SAND''' WELSH GOLD''''''

but ''we will see what happen''


REGARDS

[loobrush] 21/7/2018 13:21

Alba have no money but lots of dreams,price rise is leading to a placing soon thats for sure,so be careful.

[tidy 2] 21/7/2018 12:54

To support ukogs rise, alba needs to reach the 1.4-1.6p range otherwise their rise looks more like hype. So let's say it's not hype but the market actually valuing it correctly; this means alba Will reach circa 1.4-1.6p before Ukog rises much more if any. Simply has to be the case because alba has a substantial stake in HH and the market is currently valuing HH at £127m for 32% therefore Alba's 11.65% equates to £46m today. Fluctuations in Ukogs Mcap from that point should mirror each other. From the brokers POV. They value 11.65% at £130m which puts ukogs 32% at circa £359m. So from our current caps Ukog has 2.8 bags to reach £359m and Alba has 7.8 bags to reach £130m. This will put ALBA at 4p and UKOG 6.6p. (Circa)