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Yup was early sells to drop the price it seems I don’t have l2 tho
better volume on AIM today: 20.2m v yesterday's session total of 15.9m.
I was watching the .2895 as the last support I don’t have L2 so hard see exactly
Support is strong at 0.28, with all mm but one bidding at that level
Agreed looking at today and yesterday’s seems they are using sell price spread to shake the tree. However we have broken a lot of support now so could go back to .25
Only one mm at 0.3, the others lined up at 0.33
It won't take much to push this up
Don't worry furion it will come good to us in the end and I'll be here every step of the way :)
Once that gold and the rest of the resources start coming out the ground it'll be up from there on.
I do hope we don't end up with a share consolidation. I rather have the chance of getting a big profit than a smaller one. But what will be will be I can't control that and a profit is a profit.
I can only dream of £1 I could buy a house. But a dream is a dream :)
Have a great day and good health to all!
Take heart Furion...metals and miners looking good atm, only a small wait I'm sure before Alba back on track. Top up time now. 'Iechyd da '..as most people (don't !) say here in Wales !
Oh my days I picked this over BZT due to aaaaalll the assets typical dumb luck ...
Sold there to top GDR and again dumb luck that falls oh my days
I sure pick em
But it’s a sunny day so hey ho sure the sun will shine on us sooner rather than latter has too we have toooo much to offer ..
Maybe GF needs to call CB at BZT for some pointers !
GLA ATB
£18m Market Cap - everything below 1.00 will be looked back as a bargain at this 0.29 level. A mere Market Cap of a silly £36m puts this 100% up from here and £180m 1000% 10x from here - with the gold & graphite assets mined towards end 2021 many will look back wondering why they didn’t get in as the share pool gets smaller
Currently can sell at a higher price than you can buy at...0.2899 - 0.2875
Only one mm offering at 0.29, rest at 0.33
We don't have vast resources of gold, we are currently in the process of scoping out a potential fairly modest amount of 500 kozs of (albeit premium valued) Welsh gold. We don't yet know how much of that will be realised - and we don't have a single ounce of lithium.
So Primary Bid for any placing so we all get the same terms?
Happy to support that!
CoolMax, precisely! GF needs to change and up his game … PR needs to be transformed. It doesn’t matter what we have if the SP doesn’t shift up!
Yanis yes, the management and GF communication is very poor, has completely damaged the sentiment, I can not believe we cannot move past 0.30, We have vast resources of gold and lithium for battery
TBS: PATH TO PRODUCTION
? Increase Resource tonnes (and move Resource from inferred
to indicated category) by extension drilling & drilling deeper
? Sample and drill near-offshore mineralisation
? Complete final year of environmental baseline studies
? Commission Pre-Feasibility Study
AMITSOQ: DEVELOPMENT PLANS
? Structural and Resource drilling being planned for summer 2021
? Scoping level Mining Study & Technical Economic Model
? Underground mine scanning
https://www.albamineralresources.com/wp-content/uploads/2020/12/20210209-ALBA-presentation-GL-FINAL.pdf
What are you guys talking about? Is only 10 things that mater, in the following precedence:
1. The value of the SP
2. The value of the SP
3. The value of the SP
4. The value of the SP
5. The value of the SP
6. The value of the SP
7. The value of the SP
8. The value of the SP
9. The value of the SP
10. The value of the SP
Thanks Ocelot
I take it point 2 " Submission of full planning application to re-open the mine" states that in the next 12-24 months a plan to *submit* an application is forecasted. And a hearing will be scheduled with a decision some 8-12 weeks later (depending on the planning dept efficiency).
Is anyone unclear as to where the SP will remain range bound until this application is submitted/approved?
I am presuming that presentation refers to Wales only and there is no outlook regarding operations in Greenland?
From the UK and Ireland Mining Portfolio presentation of February:
12-24 Month Plan
? Commissioning of Preliminary Economic Assessment (PEA) or Pre-Feasibility Study (PFS)
? Submission of full planning application to re-open the mine
? Execute offtake agreements for sale of Clogau gold
? Upgrade/construction of long-term processing facilities
? Commencement of commercial production
The hot issue that bothers me is Alba failure to support the SP - Alba killed a very healthy sentiment completely. The SP should have been much higher than here.
Other exploration companies, starting from an SP of 0.0 p (<0.1p) last year, same as Alba, performed much better. Alba has Clogau (a ready made gold mine) plus Greenland, in better position than the other exploration companies … yet the other companies SPs outperformed the Alba SP - because of GF’s management of expectations, not paying attention to sentiment and screwing up on the Pilot Plant and last years bulk samples.
The SP is damaged and the damage is 100% down to Alba.
I am tired of not seeing any SP appreciation in the last 5 years … I bought at 0.75p a few years ago … and we haven’t seen that price since!
Elir everything you said in that last post went over my head lol.
I chose to invest in this stock for the potential which seems to grow more & more which each RNS.
I am happy to sit and wait but not indefinitely. I'd rather put my money elsewhere if the company is not going to be granted production licences to actually produce on a commercial scale.
I trust the company has the right board members and employees to achieve this.
As an investor I would like a ballpark date on when it sees commercial production being achieved or even a possibility of licences being granted.
If ALBA are just going to explore, raise cash to explore more & repeat that process with no outlook on commercial production then I want to be informed of that.
Your chat suggesting a placing for the last few days is damaging. Just buy or sell like the rest of us. This will fly upwards when you least expect it. There are other other shares flying at the moment and Alba will be looking very attractive at the moment.....unless they read posts suggesting placings and mutiny.
@shouldsold
How much., in your opinion do you think Alba needs to raise before self sustainability?
I take your point about starting extraction ASAP as there is nothing stopping us from a rudimentary 'exploratory extraction' in enexploited probable pays hoots such as the John Hughes even before Llechfraith is drained and rehabilitated. I've been vociferous in my criticism of the company delaying the assay of the bulk samples taken 6 months ago.
As you're aware I also gather support for the restoration of shareholders preemption rights, and this is a timely opportunity to bring this to other shareholders' attention. Otherwise I feel as if the baton may be wrested from us just as we are about to cross the finish line by giving discounts to a favoured few by means of discounted private placings. I need the support of other shareholders to restore normal shareholders rights and I shall be unapologetically persistent akin to a guard dog rooting out the marrow from a bone.
dontpanick LOL