George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Delayed £50k buy from yesterday, 2 x 250k share buys at 4.5 price at close today. Hopefully more volume tomorrow
If we ever get a normal spread ill be sure to celebrate on here, Hopefully next week we move into the 5's
Yes Devil spread has always hurt this share as far as I recall. Always put it down to low volumes so hoping with the higher amount of transactions this may change a little.
5p today probably, 19% spread will put people of. Longer holders has the spread always been bad?
Well there’s our buyers thought it would be them
Appears people have finally
1) Read the RNS
2) Understand that the mkt cap is way below what deal has been done
3) Is way underpriced
4) Is likely to be sold in next few years
5) Share buy back will take place
6) Dividend begins
And finally the results due in Aug will show ebitda up around 50%, according to last trading update.
More delayed buys printed, could be 5p today
Another day of buying like today and we will push towards 5p, 120k 250k 500k 84k 328k share buys. Biggest reported sell only 21k shares
There are some chunky buys over the last week, since the announcement. It looks like someone, or an institution, is buying a stake.
500k share buy
Yet the price rises by 80% and you get into this share despite stating when shares rise you get out. You also had a spread of 12-15%, who on earth can trade this in the short term successfully?
Anyway your money your choice but you've sold at a low price, IMO, this one will move up and the RNS even states they are likely to do share buy backs AND I reckon a dividend will be declared in August with the results.
Good luck with your future investments though
Tryingtomakeabit. What are you insinuating? Aim shares aren’t worth holding for a long time , but that’s my opinion, I’ve been invested in some said companies for years , no dividends and endless placings. Just not worth the time or money in my book . If a share rises well get out and run to the hills while you’re up as it nearly always just goes down just as fast ! Of coarse there are exceptions to this rule but it’s like finding a rocking horse that shxts
Have to agree....
While you have investors, and I use that term lightly, like Pidster, the sells may outweigh the buys. Do people actually read whats in an RNS.? £20m immediately, up to £20 million more over 3 years AND as importantly 50% of fees over and above what they were on sale date for 10 YEARS. Based on that the current MKT Cap of £24m is a fraction of the value.
I think we will get a rise at some point, first step get buys and sells above 4p
So more news this morning which gives a better breakdown of the deal plus what the money earned will be used for and still no movement…..very surprised. Maybe it is a case of people waiting for the 1st £20m to land before it will rise….
The Truth . I sold because I can see this dropping to 3p in the near future. I can sell and hopefully make my money back on something else . If I do I might get back in when this drifts to 2.5 p on no news . I made a mistake like quite a few I make trying to make money on shares . But I’m still playing with my original pot from 10 years ago so I haven’t done that badly . I was in Solg the day it rose from 13p to 81p many years ago . Regards JP
I have no sympathy for those complaining that the shares they bought yesterday havent doubled in price. "Oh I bought on a bandwagon - why havent I doubled by money - it been 2 whole days - Think I will sell". Share investing is a long term thing. This week's deal shows the constituent parts are worth a lot more than the market cap. The market cap wont rise because, whatever is said on here, the number of trades each day is immaterial. Nothing will move significantly until the whole group is sold or carved up. Its expensive running a small-cap company. My guess on the exit strategy is that as there is still a lot of value on the table there will be an offer to shareholders by Raven/Cooke at somewhere between 7/10p. We will all have done well out of this. They will then have side deals all ready breaking up the group and selling off parts.
Why did you sell?
Within the next few years Raven is going to want to cash out and retire, which will likely involve a complete buy out. He's not going to want to do that below 5.5p which is where hes just bought shares, suppressing the price now is one thing, but they will need to pump it to get their payout.
I’m out , big big mistake buying this week , big loss but I can take it , something stinks here , just topped up with SPC least I know that’s a big gamble , this shouldn’t have been !! GLA remaining in
I think instead of venting your frustrations here, some action is needed.
The whole dealings from the creation of this group to now has been built at little cost and risk to Cooke and Raven but all the reward. Every deal has cost the shareholders and after each dilution they pic up cheap shares (at least they paid for some of them)
They surround themselves with other shareholders including family, long standing business acquaintances, and Tavistock management, and they are free to make whatever decision they wish unchallenged and claim the 'loyal support and backing'. This makes any challenge difficult and every vote so important as they hold such power.
Id support any notion of no confidence. They only time I have witnessed the BOD's react to anything is when issuing more shares or trying to push 'incentives for all' through, AKA giving Cooke and Raven 25% of any potential sale..
In reflection here is my view on that.
Out of the blue, the glorious 2 offer a growth incentive, based on a value of 4p. then without any alleged challenge they sweeten the deal to try and ensure every shareholder just agrees without really understanding what else was lurking in the later pages, that Cooke and Raven get 25% of any future sale....
Team appeared with a cheeky offer. As bad as it was, some thought it might be better than the current position. Tavistock called this a 'distraction' to the now obvious Titan deal which was obviously already well into negotiations. I'm sure this deal wasn't knocked up over a pint quickly and this has been ongoing for months.
One must wonder and assume that they tried and tried to push that incentive through, even with desperation as the Titan deal was in the wings. They wanted the 25% and it failed....
On the back of this, they slap a new share option down they day after the Titan announcement like spoilt petulant children and a big 2 fingers salute to long suffering existing shareholders (who had a glimpse of hope for all of a 24 hours) and new shareholders who got caught in the spike.
Look were we are trading on the back of this news..... IS it any wonder? People still ask why....
You could make a film up about this and the viewers would be asking 'They surely cant do that can they?'. They could play themselves and make the perfect villain's.... Get the popcorn ready for Toxic Tavistock part 1. Should be a cracker.
Good luck all, do your own research, keep the faith, at least footballs coming home.
Yep same here , you could say I’m a little cheesed off !! I sold ORR at a bad loss to get in here with promising good news , following day more good news profits up 50 % since then it this hasn’t stopped going down ! Damn shares ! I should never have sold SAR huge profits yesterday! Now I’m banking on my biggest holding which is very high risk SPC taking off or my 15 year share purchasing could be over , luckily this is money I can afford to loose . 7 digital and Omi boosted me right up last time , no joy since then !GLA
Must admit I've been caught in a spike, I expected this to go to at least 7p on the sale, has to recover a bit once the 20 mil is in the bank surely
I get what the long term holders are saying and to be frank they are correct in their conclusions around the Directors.....murky waters , but I do still think there is potential here. The market got scared with the dilution and the way it's was done.
But for me there is still a good deal on the table and some new business. So I will wait till the dust settle a bit and buy some more.....we will see if that was the correct decision in a few months...