Alba Mineral Resources Share Discussion Threads

[jungmana] 22/7/2018 13:55

Tidy- that's a very good report by Align research. Alba could easily 10 bag within the coming 3 months with all the news from Thule black sands and horse hill.

[25wbh] 22/7/2018 13:37

Yes ,Graylyn1,so many good opportunities at the moment for Alba to pursue,
Revenue first hopefully and then the next best opportunity ,B

[tidy 2] 22/7/2018 13:36

With Thule Jorc from sept onwards 20p plus

[tidy 2] 22/7/2018 13:35

Indeed on a simple Horse Hill see through valuation the value of ALBA's stake if matching UKOG's would be £46.75m – equivalent to 1.64p per share.We note some online commentary that ALBA may take the recent modest re-rate as an opportunity to raise further capital. We believe, based on recent management statements by UKOG and the raises carried out in March & May by ALBA that this is misplaced. Indeed, UKOG management stated explicity following the most recent raise of £2m there that they were sufficiently funded for the next 18 months – "This placing is intended for opportunistic investment to help deliver the Company's stated goal of consolidating and expanding its asset base in the Weald Basin. The placing represents an additional £2 million to the previously announced £10.5 million investment secured to deliver sufficient working capital for its core projects over the next 18 months." Given that ALBA raised a gross £1.55m in the last 2 capital raises and they have approx a one third commitment relative to UKOG's re Weald progression, we would not expect any further raise until the delivery of news on their Greenland assets which we expect to provide a catalyst for a meaningful increase in market cap and which is due before the field season ends in Greenland (likely early Sep). We also note that CEO George Frangeskides confirmed in a recent interview (see HERE – fast forward to 8 mins in) that they were full funded for their share of Horse Hill known commitments

[graylyn1] 22/7/2018 13:33

25wbh, That Align article is very good, and makes ALBA "A SERIOUS BUY" @ 0.52p it would not surprise me to see the 1p go next week if enough investors catch on, and perhaps 3p by end September if everything unfolds correctly re Horse Hill & Greenland (in fact 3p may not be high enough)

[tidy 2] 22/7/2018 13:28

To conclude, at the current price of 0.52p, for those parties that believe in either the Weald basin's commerciality or the potential for Greenland to be a mining force to be reckoned with ALBA presents a very rare and unique opportunity to position for catch up in the relative valuations of their peer companies. By any stretch the stock seems to be undervalued by a magnitude of 5-10 times based on comparisons to JAY & UKOG and this completely excludes the company's other portfolio assets. We suspect the re-rating as the market has chewed through the recent placing stock has only just begun and we would not be surprised to see the stock take out its 12 month high of 0.72p and move towards a penny in the near term. The chart below illustrates clearly the break out on volume and breach of resistance at 0.5p. We are long and looking for material gains to unfold here in the weeks ahead.

[25wbh] 22/7/2018 13:27

Many thanks for your help with the link Tidy

waiting excitedly for trading to begin tomorrow B

[tidy 2] 22/7/2018 13:11

Retype address with hTTp

[livup967] 22/7/2018 12:22

patience SNOW'''' patience.... it will come keep accumulating and hold.....
at these levels .....


some good read today on this thread... well done ALIGN .... for part 2....
something to talk about on a sunny Sunday...


look like we could break 0.70p tomorrow ...

150 post yesterday on LSE about ALBA need more funding... deramp to drop the price
back I suppose nothing wrong with that if you are desperate to drop the price
to get in ..... but IMHO this new research note that has land on a Sunday...
has dispel that theory and put it to bed once and for all....

it said they will get funding but not until share price is multiple of what it is now...

looking forward to a good bounce pre market Monday..
best put in your order today ... if you got a good broker... IMHO DYOR...

[25wbh] 22/7/2018 12:21

Wont open sorry ,buT is on Albas LSE site

[25wbh] 22/7/2018 12:20

hxxp://www.alignresearch.co.uk/alba-minerals/alba-mineral-resources-valuation-conundrum-part-2/

[25wbh] 22/7/2018 12:14

Align part 2 !! hxxp://www.alignresearch.co.uk/alba-minerals/alba-mineral-resources-valuation-conundrum-part-2/

[tidy 2] 22/7/2018 12:13

Can you give me your view as to why the iron ore play is being sideswiped snowflake. Any idea?

[25wbh] 22/7/2018 12:03

it will come in the fullness of time Snowyflake.
Meanwhile all Alba followers will be watching Bluejay with interest.
Alba pre occupied at the moment with evaluating the potencial at Horse Hill

[snowyflake] 22/7/2018 11:32

Where is the Alba JORC resource statement prepared by an independent competent company like SRK to justify your comment?

According to Align in their note dated 2nd April 2018 it was expected shortly. Where is it?

[dreamtwister] 22/7/2018 11:22

the uk consumes 1.5m barrels of oil a day but produces 750,000 barrels a day.

45billion barrels have been extracted from the n/sea since the 70`s,55billion estimated left,but caution as oil wells drain leaves heavy crude of which is more costly to exhume,

geologist forecast 100billion barrels lies underneath the weald & estimated 15% recoverable,so across the weald 15billion barrels @ 35 gallons per barrel giving a return of £500 billion.then we also has gas to add to the equation

[jungmana] 22/7/2018 10:08

Good posts there George. Confirms what I have been saying all along. The only difference with Bluejay is that they about 2 years advanced in their project ahead of us.Huge opportunity here for a 10 bagger based on Thule project alone. Not to mention HH and Clogau gold.

[george gently] 22/7/2018 09:28

Looks like there are good grounds for saying ALBA's share price should already be more than 10x the current level just on initial comparisons with Blue Jay's ilmenite deposits in Greenland, and a lot more if you add in ALBA's other mineral and oil interests.

16/11/2017
Alba Mineral Resources plc
Sampling Results at Thule Black Sands, Greenland,

Confirm High-Grade llmenite Across 8.5 km of Coastline

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that all results from the maiden sampling campaign across the Company's 100% owned Thule Black Sands licence in north-west Greenland have been received. The 186 km(2) licence MEL 2017/29 ("Thule 1"), which is owned and operated by Alba's wholly-owned subsidiary White Eagle Resources Limited, is primarily prospective for ilmenite-bearing heavy mineral sands.

Highlights:

-- 65 samples collected from the Thule 1 target show a weighted average Total Heavy Mineral ("THM") content of 46.7%

-- Seven composite samples of the Heavy Mineral Concentrate from Thule 1 show an in-situ ilmenite content averaging 10.0% and ranging from 5.7% to 14.9%

-- Ilmenite bearing sands occur over a combined sampled strike length of approximately 8.5 km

-- Mapping and aerial photography of the Thule 1 coastline shows the potential for ilmenite bearing sands over the full length of the coastline within the Thule 1 target, being approximately 22 km in length

-- Ilmenite quality testwork is being commenced on the composite samples and a review of the mineralogy is being undertaken to assess the most appropriate bulk testwork required on the two bulk samples collected during the September site visit

Alba's Executive Chairman, George Frangeskides, commented:

"These results are excellent and fully justify our decision to move into the heavy mineral sands arena with our 100% owned Thule project. Compare the weighted average Total Heavy Mineral content of 46.7% at our Thule project with a number of advanced mineral sands projects around the world - Mutamba (3.9% THM), Moma (3.2% THM), Iluka (7% THM as an average across their projects) and the comparison is a very favourable one."

"Of course the most obvious comparison to make is with the Dundas Project being rapidly advanced by AIM-listed Bluejay Mining Plc (current market capitalisation approximately GBP187 million) just a few kilometres from our Thule Project. Bluejay's current JORC inferred resource is 23.6mt grading 34.5% THM and bearing 8.8% ilmenite in-situ with a high-grade zone of 7.9mt grading 14.2% ilmenite. While we are not yet in a position to quote JORC compliant resource figures at Thule, our verified assay results, collected over a large sample area, which confirm a THM content of 46.7% and an in-situ ilmenite content averaging 10.0% and ranging from 5.7% to 14.9%, certainly do not suffer by comparison against Bluejay's figures."

"These results give us great confidence as we seek to fast-track our work at Thule in the close season and as we prepare to head into a significant field season in 2018."

Click on or paste the following link into your website browser to view the associated PDF document (including maps and images):

[25wbh] 22/7/2018 07:58

morning all, and pumps working on the site do u know

DOR should start trading before we do in Aus. so we could see some news

[tidy 2] 21/7/2018 23:25

And I agree why it is.