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My 1450000 buy showing as a sell 12.38
COME ON GUYS, ANOTHER LOCKDOWN IN WALES, SO WHAT, IF IT HAPPEN SO BE IT. ITS NOT AS IF THE GOLD IS GOING ANYWHERE.
This board will get nasty if alba continue to dilute and the trolls get started. Wait and see.
Barclays were 36/39 most of the afternoon and now it’s back to 33/37. Read into that what you will but I see it rising again...
Groover I never once said that Alba is trying to suck people in. Most pumps and dumps are not the companies fault at all. It comes down to more demand than supply. People start paying premium to get their hands on shares and then the big players bail and the prices crashes. All shares go through a 5 wave cycle when in an uptrend followed by a massive ABC correction down this is called the Elliot wave theory. People who buy at the end of the 5th wave are the ones who get spiked out. After the final ABC correction at the end the price might resume the upend or just continue crashing down.
Apologies for the grammaticals. Rushing on mobile getting to work
Impressed by the speed with which Alba went for the fundraise, didn't waste a second!
lol
Okay then ST! I'll wait my turn - darn it!!
Kion so lets get this right then....
ALBA are currently doing a P&D to suck in investors only to then sit on their arse, on top of a know vein of good ole Welsh gold for another year and while Gold is going through the roof not to mention the increasing demand for rare earths, potential for interest rates to drop further plus currencies and now they're will sit on their backside. REALLY Dude!?
Can you not believe for one minute that at long last the wait is over, ALBA are now moving towards their goal with funds mostly in place as I understand, warrants being executed and talk of them all over the town and now they're intent to dump the SP? Just cant see it.
HEY SaudioArabiasis - get in the bloody queue!! Jessica's coming to my house first and no arguments!! ;) lol
We’ve all been pumped and dumped...I played it safe on Friday because it’s the same every year for the last 6. This latest rise could be a pre lockdown pump too, that’s why I’m holding off for a few weeks. Alba need to say that work will continue and that they have found something already. If not, I’ll buy back again lower. If it rises, win win.
I am stating the very possibility. There are always pumps and dumps when major news is announced. It just the way it is. Every share that has announced major news gets that. I feel that the same thing will happen to Alba. Then the share will fall and settle down till the 3rd quarter of 2021 before rising again. Just because we don't like something doesn't mean that we shouldn't talk about it. And my prediction on price is solely based on a spike.
Kion - I think you're not worth replying to. No one wants pump and dumps. Jesus mate, we are all here to make a crust, not to benefit from the misfortune of those who happen to be drawn in by ridiculous predictions like yours. Let's make money the right way, shall we?
There's the results from the previous low tech mining operations to go from which gives some idea of yield per tonne of ore. given that previous mining operations ceased when gold was US$ 300 / T then the current environment is considerably more favourable.
Its already been announced that the results of the current site investigation will be released in one go after the lab tests. I'm guessing the lab tests will take about 2 weeks to prepare to report stage. The kit already at the mine can crush and sift 5T a day, so I assume there'd be about a week of sifting and followed by a couple of days' chemical testing, hence my 2 week post site investigation. The critical thing is that the site investigation continues and is not locked down.
With respect to "what if they dont find anything". Its likely by this stage that ALBA's board will have had some idea of preliminary results and have successfully sought funding for further development of Clogau. I read that as wholly positive a development. Would you seek funds to develop a gold mine, if you didnt think there was significant quantities ? In any case, in 2-3 weeks time a great deal of unknowns will have been taken out of the equation. By next september (2021) then credible reports on the reserves at Greenland should be available. We'll then be dealing with wholly known quantities ... which is a totally different kettle of fish.
You guys forget how UKOG got pumped and dumped when they announced their oil find. Same thing is very possible to happen here. Especially during a recession and gold being a safe investment right now. By no means am I saying it will stay at those prices and loads of people will indeed get spiked out.
Please re reread what I said parsley. I said amazing results (not good or OK). Also I said it would spike IF they come back with those amazing results and that spike to those prices would happen within 1-2 weeks so obviously that means the spike would happen only after they announce the results.
"I get the feeling that if AlBA come back with amazing results this is going to spike very quickly to around 12p-15p in about 1-2 weeks before falling back down again. New buyers are going to jump in at crazy prices trying to get a piece of the gold pie."
And what if they don’t find anything...? Would be nice if they say that they have hit some promising gold veins in a company update to sort the sp manipulators out....and a jv with a car giant.
Oh I am sticking to facts. I have seen enough pump and dumps in my times to know that its very possible. Something likes large reserves and quality will get so much free press.
Lol. You expect this to roughly 35x in 1-2 weeks.
Jesus CHRIST, dude.
Stick to facts. Your 'feeling' is irrelevant. I have a feeling that Jessica Alba should come to my house and do various things, but that doesn't mean a thing. Dumb post.
I said 1-2 weeks after they finally release results. Also those prices would only be if the results are amazing and on the higher end of the predicted gold reserve and quality..
lol. You obviously have no idea how the market works when people get overly excited over actual large gold discoveries and start paying silly prices. Pump and dump comes to mind. So yeah 12p-15p isn't out of the question. Its doesn't mean it would stay there. I remember PYC going from like 0.15p to 17p over some cancer research results and then crashing.
calm down Hawkes, I think Kion meant 1.2-1.5p.
I get the feeling that if AlBA come back with amazing results this is going to spike very quickly to around 12p-15p in about 1-2 weeks before falling back down again. New buyers are going to jump in at crazy prices trying to get a piece of the gold pie.