Alba Mineral Resources price | ALBA trades | ALBA LSE

Bid - Ask
High Low
Open Close
Vol Avg Vol21,945,991
Mkt Cap Nav0.13
P/En/a EPS-0.03
Div Yield - Shares in Issue 2,173.88m
5D 1M 3M 1Y 3Y 5Y

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Alba owns and operates mining projects in Greenland (graphite, ilmenite, base metals, gold and cobalt), Mauritania (uranium) and Ireland (base metals), as well as having investments in the onshore UK oil & gas sector.

Alba’s diversified asset and investment portfolio provides access to a range of assets with the potential to add significant value for the Company’s shareholders:

Mining
– Amitsoq graphite (Alba 90%): high-grade graphite comprising a former mine with drill-ready targets;
– Thule Black Sands (Alba 100%): ilmenite confirmed over 4sqkm of Alba’s licence area;
– Melville Bay iron ore (Alba 51%): previously drilled project with a JORC resources of 67MT @ 31.4% Fe;
– Inglefield Land multi-commodity project (Alba 100%): potential for copper, cobalt, gold and nickel, adjacent to Nuna Minerals highly prospective Ingelfield Land licences.

Oil & Gas

– Horse Hill oil & gas (Alba 9.75%): flow from exploration well of over 1600 bopd. Long-term flow tests designed to confirm commerciality awaited Q4 2017;
– Brockham oil & gas (Alba 5%): previously producing oil field, re-commencement of production expected Q4 2017.

Alba’s overall technical and corporate strategy is to identify and acquire natural resource projects it believes to have good potential and to advance them expediently. This will be achieved by the controlled design and execution of a cost-effective generative process utilising data acquisition, GIS data analysis and exploration programme planning, led by our internal technical team and, where appropriate, through the support of external technical consultants. The Board has extensive natural resource experience and a strong corporate development track record.

Alba continues actively to review other project opportunities which have value-enhancing potential for the Company whether by acquisition, farm in or joint venture in a range of jurisdictions around the world.


Sector: Mining

Broker Recs

Date Broker Change Recommendation
01 Dec 2015 Dowgate Capital reiteration buy

Contact Information

Address 60 Gracechurch St, London EC3V 0HR
Telephone +44 (0)20 7264 4366
Email info@albamineralresources.com
Website http://www.albamineralresources.com/

Pricing

Shares in issue 2,173.88m Dividend n/a
EPS -0.03 Div cover n/a%
PER n/a Div yield n/a%
PEG n/a Div growth n/a
NAV per share 0.13 Operating margin n/a
Index - ROCE n/a
ISIN GB00B06KBB18

Key Dates

Drilling Report 23 Oct 2017
Drilling Report 04 Sep 2017
Interims 30 Aug 2017
AGM 30 May 2017
Annual Report 08 May 2017
Finals 03 May 2017
Drilling Report 14 Feb 2017
Drilling Report 07 Feb 2017

Major Shareholders

Cedar Assets Group8.30 %
Gunsynd Plc5.10 %
Angus Energy3.20 %

Total net short: 0 %

Peer Group

Company P.E
n/a