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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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He could sell it to the Saudis ! Oh no sorry fools on AIM
If this was big the Aussies would Know 100% only a nonesense AIM figure who has done Zero to blag on and on , No Gold not even broken up the big rocks oh sorry waste tips ( the clue is there ! ) to prove shiiite all ,keep putting in your money George is a ! You look watch this will drag on now till 25 ,
PS - I would have voted against this if it had come up at AGM, in fact I will vote at the next AGM to deny the directors the opportunity to make acquisitions. It must have been on their mind at the last raise, hence the wording.
Option 3 is not out of the question here , sadly.
Hi all
Aa aNewbie interested in what Alba is doing or going to do the use of Clogau 400,000 whatever is only a wet finger in the air. As far as I know. It is not a measure of known reserves or potential reserves. But I could be wrong, as always but willing to learn.
Plus the stockpiles of waste? Would they be the rock removed whilst following the quartz veins because you cannot just send a small person along the vein?
Is there any evidence that the local rock also contains fines like in alluvial mining can?
Newbie naive and not knowing much but willi g to learn.
From 08:48:
"We're going to be one of the biggest players (in the UK gold sector, such as it is), I'm very confident of that".
Re Andover West: they have a month in which to exercise their option. Sounds as if they are intending to put feet on the ground almost immediately.
Hi all so when we going to get some solid results that's going to push this share skywards?
I don’t mind raises when it leads to added value in the company through progression. However when it’s to fund a bit of dirt in Australia not to focus on our core assets it does rattle my gears!
This is AIM.
I'd go option 3 but where the directors swan off into the sunset with the a big bonus whilst the company burns behind them.
Nookie,
I've left Bitcoin to others.
Remain convinced our time in Alba will come (but don't ask me when!).
Ocelot. You and I have been buying alba shares for a good 10 years and it’s been a fricking nightmare. Let’s hope it gets much better. There’s people on here that if they’d bought crypto 10 years ago they’d possibly be millionaires instead of 95% down. So pipe down a bit will you!
He must have read my “laser focus” comment lol
Agree sometimes when opportunity comes a knocking you should grab it
I just hope and believe he can get gold into some sort of production and revenue in this will then allow funds to progress the lithium potential he may as we did with graphite create a separate entity with us having a large holding in it
But George for the love of god whilst gold is HOT HOT HOT get it in there
GLA
Oi, Fishy, what's your alternative then? Share issue is the only way junior miners can make progress. Can you suggest an alternative or have you just had a bit much wasabi and its made you snotty?
I'll save you some time:
Option 1. Don't do share issues. Run out of the company's finite cash. Don't reopen mine, go out of business and lose 100% of share equity and everyone loses their investment.
Option 2. Do share issues. Spend cash on reopening the mine. Increase enterprise value faster than equity issue dilutes it. Make everyone lots of money in the long run. Share price goes up.
Option 3. Try option 2 but fail due to bad luck, distractions, or incompetence, or some combination thereof.
... • Pilbara Lithium Project has SIGNIFICANT NEAR-TERM VALUE APPRECIATION at low-cost
Potential to provide a boost to the share price, therefore.
A future of fundraises and dilution and complete wipe out. Cant see why people still buy this share. You can almost guarantee endless issues of shares and consolidations. Going to be 10,000,000,000 share soon. Then the rinse and repeat. Avoid.
From "Reasons to add Alba to your Watchlist" accompanying the video:
... • Pilbara Lithium Project has significant near-term value appreciation at low-cost
From 05:22:
"This is a really good, low entry cost to an emerging lithium district that is extremely hot ... and is too good an opportunity to pass up".
Maybe there’s some great news and this new opportunity is to add value……be a first!
Note: the appointment of Elizabeth Henson as a NED of Artemis Resources dates from 22/04/24, Monday of this week.
Cryptoman
You nailed it !!! a complete distraction that will be used to gloss over and divert attention from Clogau
Not impressed. Give me a bit of news and a rise and I am out and can leave the bats and water problems behind me
Text of tweet accompanying the video in the post of 10:32:
In short:
- Exciting foothold in an emerging high-grade lithium province in the world-class Pilbara.
- Focus remains on gold production from Clogau.
More later in interview going out on http://lse.co.uk.
#Gold #CRMs
9:40 AM · Apr 25, 2024
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133
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Note: GF concludes the brief video on yesterday's announcement by saying he will be doing an interview with lse later this morning, which will include Clogau and he hopes will be going out later today.
Short video RE recent RNS
https://youtu.be/2xF8svVunYY?si=vcFkqzUPDfuWr3ao
In my humble opinion this is just an unnecessary distraction. A cheap plot of land. A nice building plot in the south of England would cost more. It's already having the desired effect of BOD's as last 50/60 posts on here are all about this latest news rather than Clogau or the pathetic SP we still have. It's been acquired to distract and muddy the waters and to take pressure off failings elsewhere.
Good time for the management to buy some shares.