George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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How about this for a question:
"Is something momentous is about to happen?"
It's an odd thing to ask I agree. I can't see them doing a 'normal' quarterly update this way, but asking investors to be clairvoyant in terms of what they are going to tell us in order to ask questions about it is odd too.
They need to drop a few hints on Twitter, just in case they are listening.
Why ask for questions in advance, if something momentous is about to happen?
Steve - good point. Timing for the opening of the Canadian Market rather than the UK one is interesting.
Corporate Update - not a quarterly update - two weeks ahead of the AGM may not be finance. Knowing two weeks in advance that the update is material to the company, such that even the plan for the webcast has to be announced by RNS, implies a signature or closing date known in advance of some sort. Partnership, JV on Vermelho, launch of a bid for the company maybe by Teck, who knows.
Remember the shambles around the BRRmedia JM interview that got cancelled and rearranged? That's how webinars and updates have been handled in the past, they have never formally announced a presentation like this before.
The announcement of the date by RNS means this is not an informal or immaterial presentation.
The way I see it (which could easily be wrong!) is that the Corporate update may well be a little more forward looking.
The AGM is (necessarily) more backward looking, as it is based on the annual report - which I think that from memory only goes up to December 31st. AGMs have to include more "mechanical" stuff - approving reports, reappointing directors, auditors etc., although they do often try to include some stuff on what's happened since the report was prepared.
Also, from the RNS, it is not obvious whether any shareholders will actually be able to go to the AGM (due to COVID restrictions).
The afternoon Update will be to tie in with Canadian hours of business so could be very interesting not sure they have done that before?
I think it might be a mistake to read any more into this than what is in the announcement. I hope to be proved wrong.
Hope there is some genuine news before the Investor Presentation and it is not just another PR exercise while the company treads water awaiting further developments
My wife thought I was clueless when I invested heavily in here when the share price was 4.5p.........
Strange announcement. Can’t plan that far off to land a RNS with certainty on that morning so either - news flow ahead of time as must know any questions will be around all the topics mentioned here or it’s simply an update, nothing more than that. Now my 2nd biggest hold so needs to start to move in the right direction. Plan to hold this for min 2 yrs so short term is a frustration as the wife thinks I’m clueless....
Rover62
Agreed.
TDT
My hope is that there will be a 7am RNS on that day with suspension of trading due to an offer having been made for lock, stock and barrel! Wishful thinking? :-)
Am I correct in saying previous webcasts have been out of market hours? Certainly from the ones I have attended. Have there been previous webcasts during market hours before?
My view would be that it will just be an update on all the good news that will be published between now and then followed on by an update on the timescales of A’s build.
Not announced via RNS and using the words 'Corporate Update' we haven't. This is not the same.
Already logged in on the website and posted a question on Vermelho timeline and how it can be accelerated, but I am expecting this we cast to focus again on araguaia. They will at least have to tell us whether the off takes have been done as promised and what work has started. Obviously I would hope this is a full finance announcement but it may not be.
Well, I suppose if nothing else a slightly tantalising event date in a few weeks time may start to stir a bit more upward share pressure, as some sitting back may begin to position now for whatever is the news...
May liven up the rather moribund SP, which cant be a bad thing.
Vermelho please.....
Hmmmm.......interesting......or not
RNS 7am on the 7th or...............hmmmmm
Agree with comments below. No point in having a webcast when you cannot really say very much.
By the way our continual late reported 1 million share buyer is not me Wasa-wish it was!!
SJ - we would be due a quarterly report, pretty sure this isn't it. Can only be finance, a partnership, or a bid.
Perhaps by 2PM on 7/5 the CEO of HZM will have by then something very concrete to present about, and then take questions on....
Should be interesting. Or is one reading too much into this and going to the wire and 30/6 is more likely the time to tune back in....
the timing of the IC is telling for me as most are timed to be at COP-this one is 2pm-so it really doesn't matter to JM,and he knows it will only be good news- More importantly it was nice of him to check out when my birthday is and arrange good news for that day -Cheers JM !
Interesting thing to do though don't you think? Don't remember them announcing anything like this via RNS before, kind of implies significant news will be released. Corporate update could mean almost anything.
But again not the one we are hoping for. Third time lucky hopefully....