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.
My statement of "0 Ounce = $0" is correct. Not stating if they have 0 Ounce
Herekittykitty, if I could correct your 0oz, 10.3g have now been recovered 1/3rd of a troy oz
We are all a bit bruised today, I bought 10K more (as have many others), we’ll bounce back soon enough - more decent gold results to come & the start of bulk sampling will do it - God only knows why we couldn’t offload our HH oil assets instead of a raise but it’s done now - It’s hard for long termers but a great buy-in for newbies/people watching on the side lines x
Very annoying for holders when the small rise is eaten into - however they seem to be working at pace to get this moving. Worth holding for the next six months at least IMHO.
A spike after promises of high grade gold followed by a placing - ha ha - you can't make it up. Another dud on AIM. Where is the gold? Can this end up another copl - yes - most likely it can!
Well thanks for being so neutral
0 Ounce = $0
Yes but surely wait till this share comes up off the sea bed people here have been waiting years for this to make some head roads into profit for them selves as well as helping you you are sending out the wrong message if once there is a glimmer of money coming up you take it away from us. You will put people off supporting you.
Far away from monetisation. Still more dilutions to come. Another life style company that keeps a management on a gravy train. Will it ever even monetise this asset? Is this one going to end up in administration like so many AIM companies. So many caught up in this that have lost so much. How long to the next dilution? No one will make here.
We know you have to raise funds but when are you going to produce 1 gram of gold my wife has a better production grade after finding my 7 gram wedding ring in the garden having been lost for 8 years
We've raised some funds today. A few thoughts on that. Some of this may be obvious to some (sorry):
As a pre-revenue company, we have to raise money on the stock market to fund our exploration & development work.
We depend on positive news and developments across our...
9:27 AM · Mar 28, 2024
Alba Mineral Resources
@AlbaMinerals
·
1h
...asset portfolio to attract funds in what is an especially tough investment market. Thankfully we have made really good progress at Clogau in recent times after significant challenges (especially permitting-wise).
The last time we raised money was last July, so 8 months ago.
Picked, £380,000 is not a tidy raise; it is a drop in the ocean. It will last a couple of months. If GF were a serious businessman with a modicum of concern for the shareholders he would do a decent capital raise using a rights issue and that way we shareholders would not be diluted and the market cap would not be smashed for a pathetic sum of money that keeps us going just a couple of months. GF in his video made not the slightest reference to capital raising and frankly a decent lawyer would tear him to shreds over it. I am surprised it hasn't been taken down yet.
Hopefully the 150t bulk sampling will produce as well.
Conservative assumption at 2oz/t should give £300k gold, plus Clogau markup, maybe circa £1million for the bank account.
Seems shrewd to me to prove it all up. Even half of this would be good news.
Bobrad, 10.3g assuming double or treble market rate 10.3 x 56.37 x 2 = £1160/£1740
Agree with that statement fully
Pickedpeck
You actully get permissions to develop and progress the main asset (Clogau) BEFORE you start buying up slices of oil fields and patches of dirt in Greenland that come to nothing and result in catastrophic value destruction and......wait for it.........PLACINGS to support the consistent failure.
You 'obviously' process the low hanging fruit and send all concentrate from the waste tips off to be converted into GOLD and SOLD to help fund the re-opening of a simple, previously constructed MINE that required/requires NO blasting, digging, or major construction.
You walk past the walls and seams that are there for all to see and get a human to hold a drill and start MINING the rock for it to be crushed and sent off for processing.
You don't spend well over 5 years LYING about expected production start dates when you can't even get permission to rehouse some Refugee Bats and cuddle some Otters that may or may not be swimming about in the Jacuzzi ALBA provided for them when it emptied a hole in the ground at great expense and then watched it fill back up again within a few days.
ALBA Minerals, the only company that pays to drain a cave of water and ends up with MORE water in it when the lads knock off for the weekend. Take a Bow George.
And as the piece of useless kit that for some reason could only come from South Africa (that didn't work), you obviously weren't invested back then or you would know it was yet again.........a complete failure.
Never mind, only a QUARTER of the value of this dog-toffee company wiped out for less than £380k, I'm sure GF will get it right........This time.
Oh, raising money for business is easy if your plan makes sense to the investors. They expect a return and want to see the previous track record of the company in question. My boss has raised over £12 million to fund legal claims so he doesn't have to use company funds upfront, it wasn't difficult for him to do so because he has proof of concept, and those with deep pockets come back for more because strangely, they LIKE having returns on their investment with no requirement to lift a finger other than to sign a contract.
GF can't even lift an otter out of a hole without a placing.
No more from me to you mate, good luck setting fire to your cash (before GF does).
Does any know the value of the gold they reckon to have recovered.
Value-enhancing activities. I do hope so as it has done nothing but go down ever since they hit lse.
Gf said he would finance from tailings instead of dilution?
Good debate here today
I’ve made several chunky buys this morning all showing as sells - bit of an overreaction but expected - lots of news to come inc more gold (my understanding is we've only received 3 results of 40 thus far) -!id like to see this gold auctioned off to raise funds & raise interest! GLA
Picked,
It’s encouraging if they raised funds supported by pre revenue. Not impossible.
Thinking about it they have been so many rounds now a lender it probably going to seek that kind of security.
Funny how when a share drops substantially people you've never seen post before pop up spouting dribble .
Tygra - horse sh*t. Nothing in your post makes sense let alone rings true.
Tell us, how do you develop a mine without money?
a - place shares
b - raise unsecured debt.
c - fail
Which option would you have them pursue?