George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Lr is also fuming about the share price lol. He deems it unbelievable and I actually have to agree with him!
BricksSA, I think we are reading the same page...
Numtypi, Good post, I still have things which nag me, but I believe this is down to the companies structure, ie too many shares in issue and a shed load of warrants outstanding as well as the past errors due to the ASX listing which as been addressed a year ago but the price never recovered and the huge dilution. That said any sniff of a JV/Buyout this will 10 fold in a heart beat, 20 to ?? fold on a RNSd offer.
It is human nature to worry when the Mcap of a company is so low to buy shares and the easiest thing in the world to do is to buy at a premium on good news. Like I have said in a previous post, I just wish I had more funds available at this time. I have however got quite a large holding in another company which I was up by 600% 6 months ago but now the SP has dripped away but expecting news very soon which should see me able to sell c50% of my holding and buy more here. Before dilution I held almost 1% of the company and I would like to get back near that figure, although unlikely, I will probably have to settle for around 0.75%, but that is a huge amount of cash on a buy out at $110m plus.
Not meaning to get carried away here but I do believe this could be life changeing for a few that post here, as I know that between about 10 of us LTHs we own a signifcant amount of the company and if it was one of us a TR1 would have to be declared as about 7% holding.
I truly believe that EUZ should now do a share consolidation, say 1 share for every 100 or 1 share for every 1000. I know this shouldn't make difference but it does, BRD (Blue rock diamonds ) recently restructured like this and it's share price as doubled without any significant news since.
We have a miner with a similar ticker which has recently done over 400% and shows no sign of interest waning. Additionally the market has shown signs of recent recovery. Meanwhile, we have a large amount of shares in issue, repeated placings have taken a toll and day traders have had fun at our expense and volume is low. However,this is an incredible asset and the MC is stupidly low and I have the greatest confidence going forward
My LTH personal Expectations...
Met results are going to be good, mostly completed by now, and therefore well understood by bod.
Sp will leap forward instantly following the release of the rns.
Once again Someone will stamp very firmly on the rise before it really finds its feet.
We will be left with an even better understanding of the asset and even greater confusion surrounding the sp.
In the run up to the scoping study, we all imagined that the value of the company would rise in relation to the confidence in the asset but this simply didn’t happen, in fact quite the reverse. We all imagined the same scenario when the economics of the project were released, when progress on mining permits was released, and also when we moved from inferred to indicated.
The question for me is why.
If we can identify whose interest is best served by the share price movements that we have witnessed, we might have a better understanding of our current situation.
Whilst I personally have a high and ever growing confidence in both the asset and it’s likelihood of becoming a mine, there are still unanswered questions that nag away. I have yet to convince myself that the share price will ultimately be irrelevant to shareholders.
Thoughts welcome.
Exactly the way the British motor cycle industry went, say back re releasing old revamps of bikes and engines, japs, Italians and Germans were surging ahead with modern cutting edge developments that the consumer liked
Listening to LR ...( both interviews) gives me a warm fuzzy feeling moving forward....lots of detail provided and three very important "take aways " for me.....
1. "significant" silver...I expect this will be used for forward selling and to assist in mitigating and managing point 2.
2. "alleviate dilution and give share holders more bang for buck".....This is a major statement to make at this stage of the game imo as we are still in exploration phase (on the one hand) and development on the other. This bears well for the future of EUZ as a whole.It means he is aware of SH's "gripes" and he will be managing this component moving forward.
3. Seem very confident that hydrogeolical levels are ok and water will not pose a problem...ie too little or too much. This could have posed great challenges if there was too much based on his comments and experience in Australia.
There were some other take aways that are already mentioned on this BB but imo the above 3 stood out for me. All in all very comfortable at the moment and whether it is sold or JV'd I am now absolutely convinced the METS will be great and the larger majors are sniffing big time. Well done to those share holders who held out through thick and thin...GLA !! IMO.DYOR,
For those who have sold ... "Look what you could have won"
My memories are of some very good British cars in the 70s. Mark 2 Corrina, Hillman minx, triumph Toledo, brilliant little Austin 1300, MG midget, humber sceptre,Rover 3500, and many more. Great cars ruined by a combination of inept management, militant unions and risk aversion. Very sad
Yes I'd rather the speedboat than the ubiquitous crappy Mini Metro, that wouldn't get you far in a puddle let alone a flood. When I was a child we had all the useless British manufactured cars - Mini (style icon but rubbish), Ford Popular, Austin Allegro - I can remember my mother's amazement when we finally bought a foreign car and it worked! a second hand VW Passat. In my opinion that was the main reason that the British car manufacturing industry collapsed, they thought they could get away with making terrible cars for ordinary people while the French, Germans and Japanese had better ideas. It's no coincidence that most of the surviving brands in the UK are building elite cars - typical of this country.
Hi Nige......Yes exciting times ahead......even more confident now.......we will all be in beer soon !!!.......:)
And bully's special prize !! A speed boat!! which we could do with instead of a car at present in South Yorkshire!!
I'm starting to wonder if they had a 'Bully Bonus' on Bullseye. Maybe I confused it with the 'Brucey Bonus', I've never felt more embarrassed!
Tico, I have listened to it 3 times, once in beer and twice sober!! I am looking forward to the AGM now especially that we have 2 or 3 on here that are going to attend. A week ago we all thought the AGM was all going to be about the METS, now after that RNS yesterday it opens up a whole new route for discussion with the geotechnical and hydrogeology studies along with the significant silver component, of course as well as the new drill to the west.
One thing I am sure of is the company is going in the right direction and the accelerator is at the floor. Just lets hope we don't run out of fuel, otherwise known as Cash.
In the interview LR did say without dilution. Let's hope that stays like that, cautious that we already have alll those warrants outstanding.Exciting times ahead and I just wish I had another wedge of cash available.
GLA
Proactive / LR interview.........very positive.......snippets picked out "Final phase" , "optimising" , "Developing" among others leads me to think we may well be edging ever closer to that end game ......."JV" or otherwise....bring it on .....:).......GLA