We would love to hear your thoughts about our site and services, please take our survey here.
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.
Whilst I disagree with your forecasts I agree with your outlook the ipo is in herbal positive but the uncertainty especially seen here alone will have caused some negative sentiment due to the unknown. It also means anyone who sees this Greenland news will be waiting for GROC good in the long term for us even if they buy GROC but also means our so dwindles whilst we wait for that we need the sp and that wouldn’t have happened if they waited till they were ready to announce. Hoping we see dewatering soon s that’s becoming a bit silly and I think a key riser here hopefully it doesn’t fall on deaf ears
Both Alba post-IPO and Greenroc Mining contain exciting potential for the future.
Hopefully, the injection of cash into Greenroc will enable them to accelerate development of their projects to the point where debt finance can be envisaged.
In Alba, the "huge" potential of Clogau and the Dolgellau gold belt has become evermore evident, everything they have done to date has met or exceeded their expectations.
A serious re-rating of the share price is long overdue (and, imho, will take place).
Degsie, I agree with what you say but the market appears not to believe the same.
Looking at the market reaction to the IPO news and subsequent market action, It is crystal clear to me that it is to Alba’s shareholders best interest for the IPO to happen asap, get rid of it and have Alba concentrate on Clogau.
I do hope dewatering permit news or any other good Clogau news come after the Greenroc IPO is launched, else it may not have big impact. GLTA.
PS. Alba are retaining 50% of Green Roc so Green Roc should have about £6m in cash to develop mines.
Yanis. Green Roc will have a market value and that will be reflected in value of Alba. GF has suggested that the shares retained by Alba will have a value of £6m. The current market cap of Alba is £15m.
Elir, I see your point on post JORC evaluation but I also see the market reaction to the IPO news and subsequent action.
It is clear that no matter what the value of the Greenland assets is the effect on the Alba SP will be zero. The market for some reason is pricing Greenland as a liability for Alba and thus the SP decline.
In my opinion, if we wait for a few weeks for JORCs the Alba SP will revisit the previous lows ~0.1p or less. Look at the market’s response since IPO announcement.
In my opinion, getting rid of Greenroc now will be good news for those wanting to buy Greenroc because when the JORCs are later announced the SP (Greenroc SP) will rocket.
Alba now needs to get rid of Greenroc and concentrate on Clogau - only this will help the Alba SP.
@yanis, would you rather the basis of the valuation of ALBAs contribution to greenroc valued on pre jorc valuation rather than post jorc valuation for the sake of a few weeks' wait.?
The days of 5 baggers in a day are long imo . We need to move with the times .... get in and out ... GL. NRW news next .
With his annoying voice
Degsie, the RNS yesterday was positive, yes, but not for Alba. As I said earlier, due to the way it was managed Greenland has turned in to a liability for Alba shareholders.
From Alba’s point of view we now need to see the back of this IPO and get some positive news on Clogau. Apart from that, the Alba SP will drift down.
Rns lodged....... 3 to 4 days please....
Yanis. Theee was a positive RNS yesterday and the IPO is due before end of month.
Last week I said that if no decent news this week the SP will drop to 0.2p or less by the end of the week … I may have been wrong, we could be there earlier than that.
We need to see the back of the IPO and Clogau news asap as in yesterday.
Everyone….you’ll see.
whos gona get sucked into this one
Apologies,
I ment to delete the reference to someone who should not be named.
I am very sorry about that.
No one was suckered in my heartless traders tho they were sucked in by The good outlook of the company and let down by the mis management which came when gold was very sensitive at the start of the year
Nookie, I know your joking I hope. I really hope this doesn’t go any lower. I’m sitting on a 38% loss on several million shares after loading up last Autumn ( big mistake ). I hope NRW give the green light soon and GF gets off his a*rise and starts focusing on Alba.
If you look at the one-year graph, it was during August and September last year that the share price rose from about 0.05p to about 0.55p, ie. it multiplied by about 11 times at the peak.
The last 10 months have seen that rise being consolidated.
The IPO of Greenroc Mining and the de-watering permit could occur at any time now.
Are we heading for an exciting month of September?
Let’s see what happens…all this hard work and positive results for a 60% drop in sp??? Things should change and sentiment changes like the wind.
Sentiment still very low even on reasonable news received this morning. Lots of holes dug both in Wales and Greenland but talk of next years drilling in Greenland just doesn't do it for the fickle AIM crowd, who think holding a share for a week is a lifetime. Clogau gone quiet hasn't it? I believe that is what is forcing the price down, lots of talk, big grins, loads of promise, hitting quartz, more holes etc...Hasn't come up with a gram of gold to show shareholders. That in itself is bitterly disappointing given the time they have had.
I agree, hopefully 30m+ eventually just for Greenland and the same one day for Clogau. It's a pity people got sucked in at over .5p by heartless traders, but maybe now's a good time to add?
Like I said…could give a toss. This had a 30m mcap on hype. Now I expect Alba to be a solid 30m+ when the money men want to do business.
Only a million? Why do you get so wound up over a fairly small investment? I thought you'd own a couple of % of the company the way you go on...
Couldn’t give a toss….started 8 years ago with 25000 at 0.6p. Now got a million at 0.23. Take it down further you miserable sheeits, don’t care ha ha ha ha!