Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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.
or maybe even 0.2
2m sold on AIM and the bid drops 0.15 with no sells on NEX. 10m bought on NEX and the bid only goes to 0.16. Why has the bid not went up to 0.19?
2x 5m trades at 0.18p on NEX at 09:59.
Give it a chance for a few more weeks....
Agree
More so with current run on gold and sp explosions other companies are experiencing
Behind a wall, unfortunately.
PPS: book net assets = about 0.285p per share at 30/11/18.
PS: given that Alba have used the words "huge" and "enormous" in relation to Clogau's potential, think Alba should be trading on a premium, not a discount, to book net assets.
Clogau is in the books at £1,134,432 - there is definitely room for this to increase!
As a matter of interest, at 30/11/18, net assets were £10.1m, so a market cap of £6.2m offers a 39% discount to this figure.
You got a good point there. 15m a drop in the ocean. It would be nice to get some of the gold out the mine. Even just a few ounces to start with. Like about 10000 or so. Lol
There are 3,526,601,946 shares in issue, so an additional 15m is marginal.
Personally, I certainly hope the share price at the time means the warrants are exercised!
Hopefully they don't exercise the warrants and we're not desperate for £45000.
Agreed.
Would I be right in thinking that if the first warrant was exercised it would put £45000 into Alba funds but also add 15million share to the total amount of shares currently in circulation.
No, it expires.
I don't think there can be any doubt that Alba's share price has been treated more harshly by the market than management anticipated: the placings subscribed by the directors earlier this year were effected at 0.30p.
Thanks Ocelot. I didn't know that. What happens after that? Does the warrant get extended?
ie, the exercise prices have been set on the assumption that the market price of Alba will comfortably exceed those prices by the final exercise date.
In those circumstances, it means the warrant won't be exercised, because, yes, the warrant holder would be paying over the market price.
Does that mean the warrant holder loses 0.14/share if the SP stays the same on 18 September 2020 (£21000)?
Posted again, after cleaning up the numbers of warrants/options for the numbered references to footnotes at their end:
As a matter of interest, the exercise price and final exercise date of outstanding warrants and options as at 30/11/18 (note 16 to the last annual report):
No. of warrants Exercise price (pence) Final exercise date
15,000,000 0.3 pence 18 September 2020
20,000,000 0.3 pence 27 March 2021
2,000,000 0.3 pence 28 May 2021
51,000,000 0.3 pence 27 March 2021
15,000,000 0.4 pence 27 March 2021
60,000,000 0.4 pence 13 January 2027
5,000,000 0.7 pence 1 Nov 2019
113,904,761 0.42 pence 27 March 2021
60,000,000 0.42 pence 2 May 2028
341,904,761
Perhaps the mention in the RNS of possibly selling our share of HH has caused a bit of selling activity. Personally I don't think it's a good idea. Who knows how much income this could bring. Seems like the gaffers very keen to get the gold mine up and running and his priorities have changed. If so, lets hope he's correct.
As a matter of interest, the exercise price and final exercise date of outstanding warrants and options as at 30/11/18 (note 16 to the last annual report):
No. of warrants Exercise price (pence) Final exercise date
15,000,0001 0.3 pence 18 September 2020
20,000,0001 0.3 pence 27 March 2021
2,000,000 0.3 pence 28 May 2021
51,000,0002 0.3 pence 27 March 2021
15,000,0003 0.4 pence 27 March 2021
60,000,0003 0.4 pence 13 January 2027
5,000,0003 0.7 pence 1 Nov 2019
113,904,7614 0.42 pence 27 March 2021
60,000,0004 0.42 pence 2 May 2028
341,904,761
Link to their website
http://albamineralresources.com/
3 weeks until Decision on HH production wells
Anyone wanting to buy our HH share better act quick .....