London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Don't waste your time or money on Alba, find something else. You might get some good tips from Baron Investments on Twitter. This has nearly 8bn shares in issue so a consolidation is coming. How much money do you think they need to build a working mine? £100m £200m probably more like £800m.
PLEASE PLEASE take with a pinch of salt( a giant pinch!) anything DL says. See what he said about the `Gatwick gusher`! I am not saying there is no potential at Clogau,I have
visited the site on 2 occasions over the years and have high hopes of a 10 bagger here.
ATB ff
PLEASE PLEASE take with a pinch of salt( a giant pinch!) anything DL says. See what he said about the `Gatwick gusher`! I am not saying there is no potential at Clogau,I have
visited the site on 2 occasions over the years and have high hopes of a 10 bagger here.
ATB ff
Simon Dominy was working at Clogau during the Stellar short stay at Dolgellau. Renowned authority of Clogau Gold Mine.
David Lenigas couldn't cope with the Red tape with Natural Resources Wales.
Alba have had 3 years of Red tape but have developed a Good relationship with NRW and the Local Councillors and MP Liz Saville-Roberts.
There's Gold in those Hills :)
David Lenigas just Spiked Stellar sp. Like with all he's Company's.. Regrettably Horse Hill
April 2013
"To call the gold grades reported by Stellar Resources (LON:STG) this morning bonanza might be under-egging the latest assay results from Gold Mines of Wales, in which Stellar has a 49.9% stake.
The most eye-catching sample from the re-opened Clogau mine in the Principality was 749 grams per tonne of the precious metal, which equates to 24 ounces per tonne.
A total of 16 of the 31 samples assayed better than 31 grams per tonne of gold, while 15 were above 62 grams and 10 above 93 grams.
Stellar chairman David Lenigas said: "The team in Wales continue to gradually re-open the underground workings at the old Clogau Gold Mine.
“These high grade gold samples from Clogau provide encouragement that the potential still exists to define new high grade gold mineralisation.
"In the current environment of declining gold prices, grades of this magnitude make Stellar Resources' Welsh gold project something the board feels committed to progressing."
Wow you weren't joking: Ivornomoney
"Feb 2013
Stellar Resources advanced on news it discovered high grade gold samples at the Clogau Gold Mine in Wales.
the company said it received promising first assay results from the venture though its 49.9% interest in Gold Mines of Wales. Assay results from underground grab samples ranged from 263 grams/tonne of gold to 11.65 grams/tonne.
The mine has the potential to contain other high grade pockets of gold in areas that have yet to be tested. Further samples will be taken from the surrounding area and a planned drill programme is very much the focus for 2013."
10 years later the same playbook being run
Of course it's not to say Alba wont actually find something economical and deliver but it certainly makes you think.
Oh dear !
What's Stellar got to do with Alba. 2 different Company's. Stellar had no interest to Mine at Clogau They're an investment company now called Primorus Investments.
After Covid, now with a Great working relationship with NRW, 2024 will be an interesting year.
I have met Mark Austin in Dolgellau, a Top Geologist who believes in Clogau Gold mine.
Now with GreenRoc Mining having the Greenlandic Projects.. Alba can truly focus on the Gold.
This will never come good. This will only ever make money for the employees. Google stellar resources to find out how long this has been going on.
"It's a phenomenally good result (the results from March 26th RNS) no it's not a decision that leads us to reopen the mine, we need to go and do the bulk sampling below level 4 to find a much bigger zone of that kind of grade, but it gives us a lot of confidence in the ability to find that grade"
Maybe a dumb question, what are they looking for when they look these zones? areas of quartz? if they knew these zones would be too small to be economical even with fantastic grades of 113g g/t (I'm not sure you could hope for higher) what was the purpose of sampling them to begin with? surely save your time, money and resources to sample areas that could be economical
an RNS they release of "hey everyone look at these fantastic results" aren't fantastic results because they aren't economical to mine? they're meaningless other than raising hope there could be economical areas to mine that have yet been identified
The placing shares don’t come to market until the 5th so that is incorrect.. if you wish to buy at a similar price to them thinking GF will raise the price for his mates soon after the SP is at a level where you pretty much can!
Been like this for 10 years. Also, when they have had bad news, they have brought out numerous rnss to boost the sp beforehand to bail out before the bad one. A good example was an rns every day for 4 days before the first dewatering refusal. I do think that things will start going our way soon but will the sp rise enough so that everyone who has bought shares here over the years see some profit?
CJEN this is AIM. In reality what probably happened is that GF did a fund raise with his mates at .065. He let them know the good news RNSs were coming and would raise the price circa 30% and they sold their placing shares into the price rise making a handsome profit and leaving us PIs holding the baby as they pocketed our hard earned.
Given that, for all the right reasons, GF chooses to raise on the back of all good news, it is proving impossible for a small Pi like myself to realise a ROI from Alba
I am sure this will come good eventually, but I am not convinced that the small PI will make money.
If previous placings with this and other stocks are a reliable guide, the big volume is traded on the day of the announcement.
We now have "exceptionally high gold grades" confirmed at Level 4 (RNS of 26/03), the expected placing announced (what was unknown in advance was the exact timing and terms) and the spot gold price providing a very positive market context.
All the best to those invested, or contemplating investing, in Alba.
The new shares are not on the market yet. I wouldn't expect a company that has taken up the placing to short sell a week in advance.
"Application will be made for the new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 5 April 2024."
Robbie, Share placing is for 584 million new shares. Volume yesterday was about 300 million, but importantly both bought and sold. Vast proportion would be sells as investors move money away. The 500 million needs to be bought up before the share price moves again. Supply outstripping demand at the moment. Fairly confident this will move up again, but hinging on testing and verification of weights per tonne.
$2,229.87, that's a new closing high.
My understanding is the shares are forward sold at (0.065) & will be added to the rest on 5th - What I don’t understand is the massive volume of buys today not raising the share price (prob getting on towards 150K of buys today) - any insights? GLA
FUBAR
There was a time when one could sell "as delivered", ie one could sell today stock due to be delivered on the 5th. I've no idea if that still holds true or not.
True. Scheduled for the 5th.
Of course they have not; ocelot's post is misleading. You would think that if he can post about the RNS at 07h04 he would have actually read it. The RNS states:
'It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 5 April 2024.'
Placing shares have not been admitted yet have they?