Alba Mineral Resources Share Discussion Threads

[johncasey] 04/8/2020 02:31

Dunsfold drilling plans to be decided again after refusal ruled “invalid”;
BY RUTH HAYHURST ON AUGUST 3, 2020 • ( 10 COMMENTS )
200629 Dunsfold meeting
Members of Surrey County Council’s first virtual planning meeting refuse plans to drill at Dunsfold, 29 June 2020. Photo: Surrey County Council webcast

The decision to refuse planning permission for oil and gas exploration near the Surrey village of Dunsfold has been ruled invalid following problems during a “remote” council meeting.

Five weeks ago, councillors voted by six votes to five against plans by UK Oil & Gas plc (UKOG) to drill and test vertical and sidetrack wells, overruling the recommendation of council planning officers.

The meeting was the first remote session of the committee, where members took part by video link from home.

The live feed of the meeting repeatedly dropped out and one member of the committee could not be heard.

The application will now be brought back to a future meeting of the planning committee – probably on 17 September – to be decided again

In correspondence today, the council’s monitoring officer, Paul Evans, said there was:

“a significant likelihood that the irregularities arising from the technical difficulties at the meeting on 29 June 2020 render the resolution to refuse invalid and would render any notice of refusal unlawful.

“The most appropriate and fairest course of action is to take the application back to committee. This is what the Council has decided to do.”

Mr Evans added:

“In the circumstances the Council will in due course resubmit the application to the Planning and Regulatory Committee to be redetermined afresh with full entitlement given to members of the public and the applicant to make or remake their statements orally and with full provision for debate by members.”

A spokesperson for UKOG said:

“We welcome the chance to restate why the low-impact Loxley project is of material local and national economic importance, is fully compliant with Net Zero, and presents minimal local business, local highway and environmental impacts.

“We trust that the 17 September re-run will result in a decision fully commensurate with the facts presented, natural law and fair democratic process.”

A spokesperson for Protect Dunsfold, which opposes UKOG’s plans, said:

“Obviously we would prefer that this decision had stood but it is clear from the statement issued by Surrey that this has been referred back on legal advice because of technical problems on the day.

“We have every reason to expect that the Committee reaches the same decision for the same planning policy reasons when it is referred back to Committee and we see no reason why it shouldn’t do so.”

200513 View from site to High Billinghurst Farm 2
View from the proposed site towards High Billinghurst Farm. Photo: High Billinghurst Farm

Investigation
UK Oil & Gas plc complained to the council that there had been deficiencies in the decision-making process at the meeting and asked for the application to be redetermined. DrillOrDrop understands there were also complaints from members of the public.

The complaints included:

The live stream of the meeting dropped out
Part of a speech by a councillor in favour of the plans may not have been heard by participants
A councillor speaking in favour may not have been heard by another councillor who was “waiting in the lobby” to access the meeting
A councillor could not be heard and had to use hand gestures and the private chat function to register his vote. He also appeared to be away from this screen at one point during the meeting.
Some councillors were helped by people who were not members of the committee
On some of these complaints, the council’s barrister concluded the meeting may have breached regulations:

“these were issues of greater concern, particularly given the close vote by which the resolution was passed.”

Surrey’s planning procedures require committee members to decline to vote unless they were present when an item was discussed. Under the remote meeting regulations, members are not deemed to be present unless they could hear and be heard.

The barrister said:

“There were times during the consideration of the application at the meeting when members would not be considered to be in attendance as a matter of law.”

One councillor may also have been deterred from seeking the opportunity to speak because of problems with the technology.

The barrister concluded:

“there was a significant likelihood that a Court would declare the resolution as invalid and unlawful, not least in light of the clear consequences of the Regulations.”

Other issues raised in complaints were “not necessarily fatal on their own”, the barrister said, but “would not help the impression that would be received if the matter went to Court”.

These included:

Lack of a summary of the salient points of the debate before the decision
Occasions where other household members appeared on screen with councillors, leading to potential suspicion of inappropriate influence from people not attending the meeting
Councillors used a private chat function to pass messages to each other during the meeting
The barrister said:

“Whilst it may well be the case that family members were simply assisting with the technology, there is the risk of a perception of unfairness.”

The investigation dismissed complaints that specific councillors breached the council’s code of conduct and planning protocols. The barrister concluded:

“All issues raised were due to the meeting being undertaken remotely with members being at home in the proximity to other household members to assist in the use of IT equipment or due to technical errors with equipment.

“This was a new experience for members and it is appropriate that if members found themselves in a position where it could appear there were alleged breaches of the code/protocol, that these be addressed with further training in how remote meetings must be conducted rather than any formal investigation.”;

[uknighted] 03/8/2020 17:08

RNS

RNS Number : 8520U

Alba Mineral Resources PLC

03 August 2020

Alba Mineral Resources plc

("Alba" or "the Company")

Share Placing

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised GBP450,000 (before expenses) through the issue of 692,307,692 new ordinary shares at a price of 0.065 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission").

Share warrants will also be issued to each subscriber in the Placing, with one warrant to be issued for every two shares subscribed for, for a total of 346,153,846 warrants.

The warrants will have an exercise price of 0.13p per share and an expiration date of 24 months from the date of issue. The warrants will also be subject to an accelerator provision, such that if at any time during the 24 month duration of the warrants the 10-day volume-weighted average price (VWAP) of Alba ordinary shares exceeds 0.26p per share, the Company may give warrant holders notice to exercise their warrants within 10 business days following the Company's notice and to pay the exercise price in full within 15 business days following the Company's notice, failing which the warrants will automatically expire.

The warrants will not be traded on any exchange and will otherwise be issued subject to the terms and conditions set out in a warrant instrument to be executed by the Company.

[lanty33] 28/7/2020 18:13

About7 years ago?

[lanty33] 28/7/2020 18:13

What happened to the processing plant bought from S.Africa with a person
to instruct?

[vinceelliott] 22/7/2020 11:13

hxxps://www.hl.co.uk/shares/stock-market-news/aim-and-small-cap-news/aim-bulletin/bluejay-expands-offtake-agreement-for-dundas-project

So what else is happening in Greenland?

[johncasey] 22/7/2020 07:33

BOOM TIME!


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Share Price Information for Alba Mineral Resources (ALBA)
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Share Price:
0.0825
Bid:
0.075
Ask:
0.09
Change:
0.00 (0.00%)
Spread:
0.015 (20.00%)
Open:
0.083
High:
0.0825
Low:
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Yest. Close:
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ALBA Live PriceLast checked at 07:32:09


Alba Mineral Resources Plc Ord 0.01P

Alba Mineral Resources is part of the Mining sector.

Alba Mineral Resources Plc Ord 0.01P is listed on the London Stock Exchange, trading with ticker code ALBA. It has a market capitalisation of £3m, with approximately 4,142m shares in issue. Over the last year, Alba Mineral Resources share price has been traded in a range of 0.165, hitting a high of 0.215, and a low of 0.05.

Intraday Alba Mineral Resources Share Chart
Alba Mineral Resources Share Price
Price 0.0825
Bid 0.075
Ask 0.09
Change 0.00 (0.00%)
Volume 1,610,039
Open 0.0825
High 0.0825
Low 0.075
Close 0.0825
Currency GBX
3 Month Alba Mineral Resources Share Graph
Currency GBX
Issue Country GB
Shares in Issue 4,142m
Market Capitalisation £3m
Market Size 500,000
52 Week High 0.215
52 Week High Date 12-Sep-2019
52 Week Low 0.05
52 Week Low Date 20-Mar-2020
# Trades 0
Vol. Sold 1,329,286
Sold Value £1,097
Vol. Bought 280,753
Bought Value £231.62
PE Ratio -2.115
Earnings -0.039
Dividend 0.00
Yield 0.00%
London South East Users info for Alba Mineral Resources
Users who watch ALBA also watch: Uk Oil & Gas, Solo Oil, 88 Energy, Greatland Gold, Rare Earth Metals, Ascent Resources, Lloyds, Xtract, Sirius Minerals, Premier African Minerals

Users who hold ALBA also hold: Uk Oil & Gas, Union Jack, Physiomics, Xtract, Valirx, Edenville, Sound Energy, Solo Oil, Greatland Gold, Ascent Resources


Recent Share Trades for Alba Mineral Resources (ALBA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
21-Jul-20 09:27:17 0.08626 280,753 Buy* 0.075 0.09 242.18 O
21-Jul-20 08:27:48 0.0762 1,329,286 Sell* 0.075 0.09 1,013 O
20-Jul-20 15:51:17 0.0762 1,671,113 Sell* 0.075 0.09 1,273 O
20-Jul-20 14:17:55 0.08626 537,957 Buy* 0.075 0.09 464.04 O
20-Jul-20 12:44:12 0.08626 242,197 Buy* 0.075 0.09 208.92 O
20-Jul-20 09:59:31 0.08 2,000,000 Sell* 0.08 0.09 1,600 O
20-Jul-20 08:05:32 0.0801 1,323,543 Sell* 0.08 0.09 1,060 O
20-Jul-20 08:01:19 0.0801 306,164 Sell* 0.08 0.09 245.24 O
17-Jul-20 15:59:37 0.088 4,510,232 Buy* 0.08 0.09 3,969 O
17-Jul-20 15:57:28 0.0857 1,000,000 Buy* 0.08 0.09 857.00 O
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Directors Deals for Alba Mineral Resources (ALBA)
Trade Date Action Notifier Price Currency Amount Holding
22-Mar-19 Buy Michael Nott 0.30 GBX 6,666,667 52,387,230
22-Mar-19 Buy George Frangeskides 0.30 GBX 8,333,333 37,893,290
16-Jun-16 Transfer To Michael Nott 0.00 4,000,000 22,160,606
27-Feb-15 Notification of Holding Michael Nott 0.00 0 22,160,606
16-Feb-15 Placing George Frangeskides 0.25 GBX 4,000,000 6,000,000
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Share Discussion for Alba Mineral Resources (ALBA)
nookie

Posts: 2,384

Price: 0.0825

No Opinion

RE: RNS22 Jul 2020 07:24
Good luck Alba :)

Mullins58

Posts: 7,287

Price: 0.0825

No Opinion

RE: RNS22 Jul 2020 07:06
Alba's Executive Chairman, George Frangeskides, commented:

"We are delighted to be back on site at Clogau. We have a team currently carrying out underground sampling and 3D scanning and refining our targets for underground bulk sampling and drilling. The bulk samples we take will initially be processed at a third-party facility offsite, but in the meantime we will look to establish our own dedicated pilot processing plant capable of processing three tonnes of material per hour or around 400 tonnes per month."

[25wbh] 20/7/2020 09:24

1st Tanker in

[garykc] 03/7/2020 08:45

Our 3.3m seller is back!!!!

[johncasey] 30/6/2020 11:42

need that takeover rumour to materialise..volume bigger then ever on ukog

[25wbh] 28/6/2020 08:27

Hopefully better days next week John

[25wbh] 25/6/2020 13:00

Wow that was a swift change of direction !!

[1choip] 24/6/2020 18:47

5m market cap is quite low for a company with amazing potential. Take a look with their portfolio.

[iamgreat1] 24/6/2020 11:28

Soon there

[garykc] 24/6/2020 11:09

I'll take 1.0p, not 0.1p

[iamgreat1] 24/6/2020 10:41

This dog will be under 0.1 soon

[garykc] 24/6/2020 09:54

Bit quiet on here today.

[kemismelt] 24/6/2020 00:27

I see a flash in the pan! GOOD.

[25wbh] 23/6/2020 21:30

Yes I think so too

[johncasey] 23/6/2020 16:33

i bought a load today on ukog rise...should rise strongly tomoro

[garykc] 23/6/2020 11:33

A little bit more blue this morning. Following on from UKOG possibly??

[garykc] 16/6/2020 07:08

......................As always today, a small sell of 3m will wipe out all gains after the 12m purchase yesterday!!!!

[25wbh] 15/6/2020 12:21

Posted by Mullins