George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Holding all 3, very confident about the future as well.
BOR is my biggest followed by RKH & ARG). This week has been great,
But this is the beginning of the shares to climb a lot higher.
Nothing will be in a Steaight Line and without Risk
All the 3 shares will visit *25p - 50p range* at one stage unless there is a take over,
Some could in £+ or more cos they large acerages and haven't been fully Explored.
This is what I think which makes me to keep holding and adding more
When possible. *To each her-his own*. All IMHO-DYOR
Investors in Rockhopper Exploration #RKH had a great week, shares jumped 90% to 16p after the positive arbitration result with the Republic of Italy. A company interested in the #Falkland Basin, alongside #ARG +9.04% & #BOR +72.15% jump this week! https://twitter.com/Share_Talk/status/1563798082604638208?s=20
Yes, excellent arbitration result, for RKH, Schlum,.....as you indicate, ARG, with their tiny Maket Cap of £5m, could easily, be swallowed up by RKH, once Funds from the arbitration result, are in their possession, (IMO also).
BW
Can't believe it's not 5p Garbled
It might just change everything, but if it does I am sure it it will be positive.
Wait & See
Rkh could now buy Arg easily, if so inclined.
I guess a follow through from the RKH news?? They've got some cash coming, hence Sea Lion is slightly more likely, hence this is slightly more likely??
Not sure why the interest today but no news is good news
As you were GLA
the suspension while they sorted the accounts out. As I have previously said this is high risk and IMHO having a relatively small amount is the thing to do, if you want. Up to you.
Clearly if the Falklands oil dream ever actually happens and ARG are still around their sp will likely go to more than 10p. If you can't afford to lose your investment then don't do it!
All IMHO of course.
Gimee a shout when it gets to a shilling. Sometime never ?
Arg won't be a going concern before then.
.4 incoming.
He is here to wind up posters, have
No Holding either...Best to ignore his-her nonsense.
Ignore Covgas
It takes him 3 days and 12 hours to come back with a negative reply either that or he is very random
Must have run his head at the wall too many times
I believe that the sp will hit
25p - 50p easily on Rhea Success.
If I don't believe in the above then I wouldn't be here....you just carry on with spouting nonsense.
Where are you now spouting your tosh? You and Garby should be banned from this site period. Talk about 25-50p Garbled , whatever happened to the 5p you were so confident of?
Absolute disgrace , the bb moderators should be looking out for folk like you two.
The sp could end up in the blues...wait & see
Copy from Rkh's BB..
**Falklands’ black gold rush might at last be a reality.
According to Tadmor, much of the hard work has already been done. “Premier and Rockhopper together have spent a lot of money on the development. We will refine the production concept, but basically we see this as getting an asset which is already a long way down the road.”***
https://en.mercopress.com/2022/07/23/falklands-black-gold-rush-might-at-last-be-a-reality
Unfazzed by your nonsense!
Garbled the chairman has no choice , unless he wants to wind the company up. And as for 25-50p , delusional. If RKH can't get past 7 with a lake of oil and a partner , what hope is there here? I wonder how many more shares will be printed for the next cash raise? Dilution incoming that's for sure.
The Chairman has put his own and for the 2nd.
Happy to hold & wait for the farmin news, Will more when possible.
.. but I do agree - getting financing in current challenging global environment with spiking risks and raising interest rates - might turn out very disappointing.
They do have money to run office, well packed, but obviously all further developments would require significant investments, that's not something unexpected and was known well in advance. IMO.
no financial warning flags ?
"Additional capital will need to be raised to meet the costs of this technical work and to fund the Company's working capital requirements should a licence extension be offered"
"Any offer of such an extension is likely to be conditional on the Company demonstrating that it has sufficient funding to carry out a work programme and cover administration costs during the Licence term. The grant of an extension is therefore likely to be dependent on the Company raising significant further funds in Q3/Q4 2022"
Not like financials show any warning flags atm but at least they're transparent about going concern with some assumptions there:
"...
If the Group is unable to find an exploration partner, raise funds or obtain further license extensions then it may be unable to realize its assets and discharge its liabilities in the normal course of business.
All the above factors indicate the existence of material uncertainties which cast significant doubt over the Group and Parent Company's ability to continue as a going concern, some of which may crystalize before the end of 2022. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern
..."
Back in Sept 2010, ARG share price touched s/p@55p,....ARG, with a current Market Cap of £4m, is a hold for myself,....the Rhea Stack ( http://www.argosresources.com/prospects-in-detail.php ) potential, will keep us invested here at ARG, now that Sea Lion is looking good, (also holding RKH & BOR).
BW
When reading RNS dated 24 June 2022, once they have finished discussions with FIG, regarding the terms on which a further extension of the PL001 Licence, can be granted, then I would expect an update....it's good to see our Chairman is confident, providing a loan facility of up to £110,000 to the Company;-
Extract,
"Update on Funding Position
Mr Ian Thomson, OBE, Chairman of Argos, has agreed to provide a loan facility of up to £110,000 to the Company (the "Loan Facility"). Drawdown from the Loan Facility can be made at the Company's request. The Loan Facility is available until 31 January 2023 with no interest accruing on borrowed amounts. If the Company carries out a share issue by way of fund-raising, the lender shall be entitled to convert the loan then outstanding into new shares issued on the same terms as those available to other participants in the issue.
The Loan Facility, along with the Company's existing resources of £100,000 as of 24 June 2022, will provide the Company with sufficient working capital until July 2023."
Source: https://www.londonstockexchange.com/news-article/ARG/licence-pl001-funding-and-publication-of-results/15511466
BW