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Gold prices could soar through the end of 2025 if inflation stages a comeback, according to market veteran Ed Yardeni.
The Yardeni Research president predicted that gold prices could rise as high as $3,500 by the end of next year, implying as much as a 49% upside for the precious metal from Monday's price around $2,347. That's because inflation could follow the path it did in the 1970s, when prices began to spiral and gold went from $35 an ounce to a peak of $665 an ounce ...
https://markets.businessinsider.com/news/commodities/gold-price-outlook-record-2025-inflation-oil-production-us-economy-2024-4
In the very short term, the price can come back. In the longer term, think the gold price is heading upwards.
The article makes clear one of the principal concerns is the level of debt in the world, including that of governments, including that of the Federal government.
The Truss government showed the markets how instantaneously confidence in a government's ability to manage its debt can change to alarm and panic.
The traditional response of governments to debt which has become unmanageable is to inflate and thereby debase the currency. Hence a key attraction of gold.
I think it’s a cautious tail what goes up always goes down we just hope at a high solidified support! Lots going on though in the world, major elections both uk and overseas, wars, inflation/recession
Https://www.kitco.com/news/article/2024-04-05/gold-rally-just-getting-started
"... this hugely prospective, and still massively underexplored, gold belt." (RNS of 02/04)
It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 5 April 2024. (RNS of 28/03)
They certainly came from specific targeted areas I don’t expect a bulk sample to come back to the same level once we get tonnage but it certainly is important to see the kinds of numbers they are looking at we aren’t talking about single figures here!
I shall do! That was a very positive annd important rns missing!
I don't think it is right to describe the samples as coming from "a relatively small area". My understanding of the RNS is that they took 40 samples from different areas in level 4. Using their (dry weight) figures the weighted average Au grade is 3.5 oz per ton and it is worth noting that is for samples without visible gold. The 150 ton bulk sample they are planning will produce about 500 oz of Au if it contains similar concentrations, and it does not all need to be drilled or blasted because there is loose rock which was left at level 4. At over $2200 an ounce that is worth over a million dollars or about £900 000. That is without any premium attached.
Https://www.londonstockexchange.com/news-article/ALBA/clogau-gold-mine-update/16394550
Looking at the rns above must admit there are some decent grades reported albeit at a relatively small area.
Question is are we stuck in a deflationary loop where new ivestors are not willing to buy because the can allways buy cheaper at the next placing, and unless that circle is brocken we are doomed to be going ever further down?
After all 350k will not take long, so more then ever we need managment to put their hand in the pocket utherewise this will end up in tears.
I do hope I have got this all wrong of course and GF please feel free to prove me wrong .....
Winnie ?
For the benefit of those who cannot understand the ***** its the same as p o oh
admin on lse are ****e for rns's...... always have been always will be,.... ****e
Send them an email
Finally worked out what was meant.
Admins their is a missing rns which is shown on the companies website and on the stock exchange can this be corrected and added to the rns list those grades are very strong and it’s a shame new investors may miss that vital information!
Released : 26/03/2024 07:00
RNS Number : 2401I
Alba Mineral Resources PLC
Well the good thing is for current investors even if Alba never deliver production I think they're likely to hit more really high grade samples to create some buzz and spike the SP to give you a chance to exit
Actually Alba hold 100% .. this will be the first proper year that Alba can totally focus on Clogau.
Especially after Covid, Permit applications and IPO of the Greenland assets.
Granted it has taken time but Natural Resources Wales didnt help matters.
I think a few posters are Worried that Alba will produce Gold, that could impact The Roberts Family.
There is Gold and Exploration, Sampling needs doing. There are Bonanza grades of Gold but it needs calculated exploring.
I believe Horsehill should of been Sold and any loans repaid.
There's more Regulations now, that's not GF or MA fault. I'm down but I believe
I thinks Aim999 post reference Bamps and Paddy and the falling knife is on the wrong board. I am sure it was meant for the GGP forum not here
Crypto..
Share price depends entirely on investor sentiment. All the miserable posts here since the raise hardly reassure new or existing investors about putting money in do they? So far today we have had George called basically a fraudster, the share a falling knife, and some whinges about endless dilution.
The reality is they are always going to raise cash after each stage in the development is passed, because that's when the iis putting the money up are satisfied enough to do so.
What we should all hope is that new and existing investors see the progress for what it is, an increase in the probability of success and corresponding overall value increase of the company. But unless someone sees that and wants to buy shares because of it then the share price is going nowhere.
ALBA is small enough for the price to be influenced by BB posts. A high percentage of the investor community is likely reading these boards. I'm not saying we all have to be happy clappers, but some realism has to set in at some point.
George doesn't set the share price, I know that may seem to not be the case, but he is hostage to the investors who are putting the money up. All he and the rest of the team can do is the list of exercises that enable them to raise the next round of money. Private investors are not going to fund this, neither are the management team. Institutional investors who are expected to put their hands in their pockets for millions will want some certainty about what they are going to get back.
So yes, in order to raise the cash to process waste tips the company will have show there is sufficient gold in the waste tips to generate a return. That means pitting and lab samples. If that comes back positive then you can expect a raise to fund processing the waste tips.
I've no idea how rich George is. When I was last working as an exec for a big co that was issuing shares I was roundly criticised for not buying in. I just didn't have the spare cash, that was the end of the story as far as I was concerned.
Lets not forget that Alba has been the owner of 90% of the clogouw assets since july 2018.
A lot of data was already put togather for them, so in nearly 6 years what have we achieved?
GF is obssesed with sampling an pitting etc.
I have a biger stake in this than he has.
If he was serious about this and if he wanted the share price to go up he would have participated in the last placing.
The fact he only bought 15 k shares a couple of years back speaks volumes in my opinion......
I appreciate what you are saying Pickedpeck, but the SP was far better when the mine was flooded and the gold wasn't bulging out of the walls.
I'm not expecting miracles but now all these hurdles have been overcome and if the news is as positive as George makes out would it be too much to expect a steady , if mediocre move in the right direction of SP.
This is not a falling knife or anything like one. This is a speculative investment.
Those stages I put in the message below, passing each one successfully adds to the enterprise value and reduces risk.
For example proving 'X' number of ounces of gold in place makes investing further lower risk than having no clue how much gold is down there. Proven resources are worth more than wishful thinking.
Similarly a mine that is dewatered and has shown gold to be present at localised high grades is worth more than a dead mine full of water.
What exactly are you expecting to happen?
The thing is your investment is worth what it is worth today, and today is the day you have to make a decision whether you think it will go up or down in future. If you think it will go down why wouldn't you sell? If you think it will go up why wouldn't you hold or sell more?
The price you paid is nothing more than an emotional constraint, whether you are up or down is completely irrelevant to whether the investment will be worth more or less in future.
Personally I think this will be worth more in future, and have bought more as a result. If I thought there was only down from here I would have sold not bought. What I paid for my first tranche of shares doesn't matter a hoot in all that.
Well said Asllankukeli, how can we move on when thousands down. Of course things are positive and good news has started to flow, but smiley George gives us good news one day and screws the SP the very next day all the time. Our investment is going in reverse and has been in decline for absolutely ages. It's all about George and his mates and stuff us small investors .