George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Where did you hear that? what's the source?
I’ve heard that also 88e won’t to buy out RMP
Are these rumours true that 88e want to buyout the company ?
https://www.rns-pdf.londonstockexchange.com/rns/7394N_4-2019-1-22.pdf
Estimated cash outflows AU 4764,000
.
Timster, I agree, I have a hunch that Bandy will just drag this out as long as he can.
I expect another couple of years of inactivity, then will start making noises about something in the pipeline, will get suspended from the ASX, again, then it wil finally defalte totally in about 3 years time, at which I will still be here, hoping I am wrong.
I'm allowed my opinion, as is everyone else. Mine is based on previous experience with Bandy and RMP.
Subsequent to the quarter end, the Company placed 100,000,000 new ordinary shares at an issue price of 2.8 pence (AUD0.05) per share to raise £2.8 million (approximately AUD5.0m) before expenses.
The oversubscribed placing was made to both new and existing institutional and sophisticated investors, via the Company's UK Broker, Brandon Hill Capital, and its Australian Broker and Corporate Adviser, 708 Capital Pty Ltd and Max Capital.
The Company remains active in reviewing other potential opportunities and at the end of the quarter had cash at bank of AUD4.45m (approximately AUD9m post completion of the aforementioned placing). Refer to Appendix 5B for further details which can be viewed here:
(It was 4.5m at end of quarter, the placing has happening after the end of quarter, we haven't quite reached the end next one yet!
From yesterday's rns:
While the oil saturations are evidence of an active petroleum system and charge, further work is required to determine whether there is an effective trapping mechanism at this location.
Check last quarterly accounts it states expected spend this quarter
Why are you trying to predict how much cash they have.
Work off last quarter and last capital raise.
Market makers will use this opportunity to buy and pump for a 50% gain.
Anyone who sells now is selling under cash backing price.
They only have £2.3m in the bank now
Pros accumulating at these prices to pump again.
This has been oversold
And is trading under cash backing price.
Poor show from Greg Bandy again. For the first time RMP don’t have a strong cash balance and looking at the last quarterly accounts they will have about £2.3m left. Alaska and phillipines will continue to cost money to maintain licences and now they don’t have the funds for any future ventures without heavy dilution....I have no doubt that the sp will fall under cash levels in the next month and another 4 year wait for activity
This is going to close green up 10% -15%
Trading at cash backing price
Back over 80
So basically you’re waiting to be tempted back in at 0.5 lol. Ia they why you’re deramping this..if so it’s very disappointing! No sensible discussion here you have your own agenda. Not wasting anymore time here!
there is no "next Drill" for RMP what the feck are you on about?
Find yourself lucky I bought at 5.5p ..
Bought on bad Friday rns @1.70 was going to wait for 1.60p but didn’t. Sold first lot to have a free ride Monday @ 5.29p .... then Tuesday 5.33p the remaining shares. The reason I sold was, I became suspicious of no rns, and a falling afternoon sp with so much potential. So no I don’t have any shares, and only 0.5p will tempt me back. I wish all those who bought in the very best. I’ve heard so much rubbish spoken by punters over the years that I don’t trust bb to be informative.
Just removed mine and I’m off to the pub. Will have the same effect as RMP - initial euphoria followed by hangover and empty wallet.
Are you for real! Do some research and read my previous post..that is based my rough calcs from past rns’s. You should accurate figures can only be confirmed by bod!
Think you’ve already sen the bottom here - bashed and bashed to absolute bargain level. With £3M in the bank it has to be a steal. But dyor and wdik!
hold any shares Bellas? Or are you looking to buy lower?
should be down 20% by the end.
Latino....your 3m is a figure you’ve guessed....or can you prove its existence? Rns states oil was of poor quality, not of commercial value, as you’re so knowledgeable, where do you suggest the next drill should be, or are you going to guess that too?
These must be due a recovery even if it’s just technical ?