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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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Bit harsh on Alba, they were hostage to Ukog's failings at HH otherwise we'd be in the low pennies already. Then Covid arrives to pummel nearly every stock. Thanks to GF's astute asset selection we at least have a nascent boutique gold business to replace the underperforming oily at HH otherwise we'd still be struggling to survive.
Sounded a bit harsh earlier. I’ve stuck with this through thick and thin and hoping for the most satisfying ending imaginable. One day Rodney.
Totally agree you don’t invest in an exciting UK gold expo company
That has been drilling for 6 weeks to get what seems like daily warrant RNS’s
Come on Alba release something good soon please !!!
Fair enough point about the warrants.
I want to see the the next one saying high grade gold and the following saying something about a JV in greenland!!.....fingers crossed :)
Are we expect assay results mid month or following completion of expanded programme?
I know there was some discussion here regarding this today, and i have mailed the company but yet to gain a response.
Thanks.
The second I see an RNS that doesn't have warrants in the title, I will be a happier guy.
I've been in for much more than a few years and the tide is turning.
Boom time going into Christmas, that would be nice :)
They wasn’t supposed to be question marks.... it was supposed to be a Christmas tree emoji....lol
Ouch! who knows nookie there’s a first for everything.. Alba does have a lot going for it imo.
That RNS may be here sooner than you think. Obviously you must believe in Alba and feel they will produce that positive RNS you seem to so much doubt. otherwise.. why hang around?
Nookie is right though...... I’ve been in for a few years and they ain’t really put there heart and soul into it..... hopefully the tide is turning:)......hopefully we’re in the money before Christmas ??
Really? Your only saying that as you want to buy back in lower... Let me guess... 6p+ after you buy back in?
Hold for gold... Literally! 2/3p in the coming month! Boom!
I have yet to read a post from nookie which has made anyone happy ever!
I have yet to read an Alba RNS which has made anyone happy in the last 6 years...
I know the feeling!!
Re Heart skipped a beat
happens to me every 7am when an RNS comes out !
The risk of selling in the hope of buying cheaper later is that if news arrives while you're out of it, then it could be expensive to buy back in and you'd end up with less stock. It's your call of course!
I'd point out that when describing grammes per tonne of gold it means grammes per tonne of ore (quartz veins in this case). You need to dig out about 10 tonnes to get one tonne of ore.
In Roman times Dolau Cothi in South Wales was a large mine,. There's a geological paper out there that reviews some commercial exploration of similar rocks a few km away, but the ore contained mainly tin. So it can be very hit and miss. That said the probable reserves within the existing mine infrastructure at Clogau St Davids justify a market capitalisation in multiples of the current, there is still plenty of 'upside', from the Dolgellau belt which alba will explore over the coming months and years.
Naturally dyor
Heart just skipped a beat it law web page showed alba at 0.97 ( 0.97% up ) ha ha.
Looked like gold to me ;)
Read that too thanks. These last 3 warrants rns’s have been good for me to do a little trading recently. Today was tight selling at 0.505 and buying back at 0.486 half hour later..last time! hopefully it just keeps rising now and stops the temptation to hustle a bit. With all the media, Twitter etc it seems a sure thing and hoping we’re not the Alba mugs. What did you make from the latest video? Looked like a load of dirt and rubble to me...
How warrants work.
A company issues warrants, which give the right but not the obligation to buy a number of new shares from the company at a predetermined price (the exercise price) for a limited period of time. It rewards the holder for rises in share price above the exericise price. As long as the warrant holder believes that the company has good prospects of achieveing an open market share price exceeding that of the exercise price then it can be an effective way for a company which has little cash to remunerate an investor.
Some warrants are tradeable, just like shares. However these are not.
The 0.55p warrants in issue have an accelerator clause which means that if the SP exceeds 1.1p for 10 days then the company can insist that the warrant holders exercise their warrants ... which means they get a new share for 0.55p irrespective of the market price.
This increases the number of shares in circulation and therefore dilutes the voting rights of existing shareholders. It doesnt necessarily dilute shareholder value though, my recent posts give my opinion on why.
They are shares like any other shares.
The warrants themselves cannot be traded, so the only way to obtain a tradeable security is to exercise the warrant and obtain the corresponding shares.
Do the warrant shares have to be sold so cheap? Surely some will be kept for good news? Don’t understand how they work.
Thanks very much for posting that up.
Let’s hope that is the case and we can start gradually moving upwards. I’m not too worried about the SP prior to news but it’s always nice to see movement in the obvious way.