Alba Mineral Resources Share Discussion Threads

[red army] 22/7/2018 21:03

Point proven.

[kcowe] 22/7/2018 21:01

Snowflake , you are trying to imply that Albas valuation should not include thule
if so fair enough , horse hill is not even factored in . still only a £14 mill market cap with potential of Thule thrown in for free.Cheap as .

[red army] 22/7/2018 20:59

Point proven.

[rmart] 22/7/2018 20:53

Snowflake - no reason to be here
red army - No reason to be here

Anyone listening to these 2 needs psychiatric help.

[snowyflake] 22/7/2018 20:41

tidy2 - be very careful what you allege tidy 2. I have not based anything that I have said on the basis that alba are telling porkies.

I have highlighted the fact that Alba has no independent resource estimate relating to the size and grade of the resource at Thule.

Anyone who understands investment in mining companies would understand the importance of that. The company had every opportunity to tell the market in the last update that it had instructed or would be instructing an independent competent company to do just that - it did not - end of.

[shirley83] 22/7/2018 20:05

Says you with a 3 day membership

[red army] 22/7/2018 20:01

In my experience the more hot air on a thread normally ends in tears as people leave the playground.

[shirley83] 22/7/2018 19:43

Haha looking like someone wants in cheaper. Year high of 72p will be SMASHED Monday

[red army] 22/7/2018 19:38

Just need to bear in mind that hot hair holding a share price up can quickly disappear.

[jungmana] 22/7/2018 19:23

Anyone wanting information on Thule sampling results check rns of 16/11/2017.Lots of exciting stuff there.We only acquired the licence late last year and right now field work is going on.

[tidy 2] 22/7/2018 19:00

Snowflake this is all in your own opinion. You are no expert and do not have the mineral samples in your possession. Your whole argument is based on your opinion that alba are telling porkies. Basically you are trying to put a negative spin on something from your imagination with no facts. Seriously get a grip.

[jungmana] 22/7/2018 18:53

As George ( our CEO) said in that interview regarding Thule; 1, our grades are similar to Bluejays 2 we are in the field right now and the objective is to have to resource by late this year.Exciting 6 months ahead for shareholders

[jungmana] 22/7/2018 18:49

Red , my understanding is that the 18th of July was a designated media day. The objective is to select a day every few months to update investors and spread word about the company

[red army] 22/7/2018 18:30

The Chairman has obviously been stirring up interest presumably in preparation for another fund raise at some point. Need to separate the hype from the facts and at the moment the share price has been rising in anticipation of better things to increase the NAV.

[jungmana] 22/7/2018 18:19

If I don't trust the words of a CEO then I won't invest in that company.Thule grades from the sampling last year are very similar to Dundas ( our near neighbours) I look forward to the next 6 months in Alba.

[snowyflake] 22/7/2018 17:44

dreamtwister - your post is sensible and considered. I would however correct one point which you make. Bluejay has not announced an off take agreement but they have been in discussions with potential buyers.

If they enter into an off take with a good company, that event would be significant.

tidy 2 - you keep missing the point. A ceo or executive chairman can say what he or she wants whether in an RNS or in a conference call. Who says Alba's grades are high and extensive as you put it? Answer: Alba and not a competent independent (mark and understand those two words very carefully)person i.e. person who is independent and a person who is competent. Not an internal spokesman.

I and the market will only take notice if the resource is declared to be extensive and the grades are pronounced to be high in a JORC compliant resource.

I can deduce from Alba's latest update that Alba have not instructed an independent competent company to investigate and produce a JORC compliant resource statement.

It would be worth your while investigating how investment in mining works.

That is how to avoid pouring your hard earned down the proverbial drain.

There are several differences between the Bluejay Pituffik licence and the Alba Thule licence.

[vinceelliott] 22/7/2018 17:05

25wbh:

Do not think we will see any 'messages' coming out of DOR overnight.

I believe trading recommenced on Friday afternoon after the out of date UK RNS was re-echoed by DOR for the ASX. If DOR were aware of another immediate RNS on HH by UKOG, then I think DOR might fall foul of the ASX for not extending the 'stop' period

IMHV.

[tidy 2] 22/7/2018 16:36

Thule is being worked on now. Those that called in for the conference call LIVE can confirm the recording is as when it was live. I called in and can confirm. Thule is funded this year and lots of news to come on it. It's grades are high and extensive.

[tidy 2] 22/7/2018 16:33

Snowflake the reason the iron is being sideswiped is due to its grades. Today you need grades of 62% fe. High grade ore only. The align research note was part 2 of the one you refer. It clearly stated We last wrote about Alba Mineral Resources HERE in which we pointed out the monumental valuation disjoint between the market caps of Blue Jay Minerals and Alba which persists to this day.In this blog piece we will now highlight the additional Sum of the Parts (SOTP) discount between UK Oil & Gas (UKOG) and Alba in the Horse Hill and Brockham oil and gas projects in the Weald basin in Surrey.Then 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.It doesn't matter whether you like align or not they are simply highlighting facts on what the market knows but has put it all together in a neat package. Seems you are fishing in the wrong pond here snowflake you are all out of bait. Alba is now looking at 5-10 bags for starters. It is a unique opportunity for those not simple enough to miss it.

[25wbh] 22/7/2018 15:47

I would like to know that too
if we don't want the iron we can discard it.

[jayrh] 22/7/2018 15:36

Snowy so your point is?