George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Hopefully, it will stop raining soon and I can get out in the garden and stop rambling on here!
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Keep rambling BB - Your insight and methodology is valuable to all
Well said sir.
What I have learned over the decades is the main point to focus in on are the directors character and ability. There are a lot of ‘Flash Harry’s’ out there who can ‘talk the talk’ and impress the ‘pensioners’, but fail to go for that walk afterwards!
In my mind (and I have taken the time & trouble to meet them at a previous AGM) they are straight and trustworthy guys. There is no doubt they know the technical stuff (most beyond me) … to give a balanced view, their experience of operating in the small company environment is probably the weak spot, but doesn’t cause me concern. It’s always going to be difficult bringing on a large company product, within a small company. Having said that, this side has come on leaps and bounds over the years and the son has taken to it like a ‘duck to water’.
Then you have to assess the actual company itself…I use the tried and tested S.W.O.T. analysis method (the old bankers out there will smile), weighing up…Strengths, Weakness, Opportunities and Threats. I’m sure there are other methods covered in books?
After reviewing everything you can, you then have to make that informed decision… if the risk/reward is right for you personally, re strength of you own finances, commitments re family/mortgages and if you can sleep at night, go for it…if it keeps you awake at night, you have too much invested. I started off getting excited about making £200 on each application re all the privatisations in the 80’s, but now need a lot more to get the old blood flowing!
No, I don’t like my holding being diluted same as everybody else, but the funds to develop the product have to be raised somehow. Of course at this stage I would have liked TEK to own 100% of Belluscura…however, it’s better to own 20% of something valuable, rather than 100% of nothing.
Anyway, sorry to babble on, I guess the youngsters of today press some button on the computer and its all done for them?..they are all probably yawning and doing hand gestures whilst reading this, but some advice from an old timer may just help somebody and it good to share ideas?
Hopefully, it will stop raining soon and I can get out in the garden and stop rambling on here!
Guade
Do you think you have the right attitude for trading
Surely you should believe what they say !!
Or not invest in this outfit lol
*cloaked* even.
Have a good evening all
You are right, nothings guaranteed…if it was, the share price would be a lot higher…that’s the risk business, but also provides some of the buzz..a bit like bungee jumping, but I’m too old for that!
Reminds me of the Bucks Fizz song…’If you can’t stand the heat, stay out of the kitchen.’
I can only draw on decades of lending experience to company’s in the hi-tech industry and 35 years+ investing on the stock market. (which I do for fun these days as I have more than enough cash from share dealing) However, I have dropped the odd clanger in the past, but am fully aware of the risks…it would not matter if I lost the lot…but, you have to have enough invested to either celebrate or hurt!! So Gaudeamuslgitur, try not to worry about me, I know what I am doing and the risks I am taking!!
A lot of pensioners invested in SXX (sirius minerals) said the same and lost the lot.
Very different share Gaudeamsuslgitur. SXX was always super high risk but this was hidden by the hype. The money required to get it off the ground was massive so it was always risky. TEK is certainly not clocked in hype !
BigBang. No disrespect but when you say..
" but they are straight guys and I do trust their judgement"
A lot of pensioners invested in SXX (sirius minerals) said the same and lost the lot
With Belluscura floating end of May and funds being retained, one would hope the need to set off the confetti cannon again has come to an end?
Unless they intend to retain some of the Belluscura shares..who knows, but they are straight guys and I do trust their judgement, even though sometimes the Pi's are left out of the loop...hopefully this trust will be rewarded in the long run?
Having said that, I am also surprised that no TR1 has not been forthcoming…the new holder/holders must have cross a percentage line by now as a lot of shares have changed hands?...another question for the Q&A session!
And look what happened 38m @ 10p and no look in for us PI's
I seem to remember that clause being in every AGM for the last few years…certainly it was in last year’s dated 27th July 2020
‘grant rights to subscribe for, or to convert any security into, such shares in the Company up to an aggregate nominal amount of £175,556.08, representing approximately 50 per cent of the Company’s current issued ordinary share capital.’
Good spot
Buyer beware. Resolution 8 and 9. Giving the BoD the power to issue another 65m shares (50 %) at any price without them being offered to PI share holders first. Smells fishy. Last time 38m @ 10p to whom ? No TR1 so who made a quick buck ? Will be voting against.
https://www.londonstockexchange.com/news-article/TEK/notice-of-agm/14974888