George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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EVERY COUNTRY SOON WILL HAVE TO TO HAVE LOTS OF THESE PRODUCTION SITES SOON AND HOPEFULLY VELOCYS HAVE THE UPPER HAND AT THIS TIME . THIS SHARE I THINK IN THE YEARS TO COME WILL BE IN THE £POUND VALUE RATHER THAN IN THE PENNY .. GLA .. DUOR
It has been clear that Immingham alone would cost around £500m (think now estimated at £600m). However, Shell and IAG were buying into the Altalto subsidiary, which appears to be the UK operation, i.e. Immingham. I could be wrong of course but my expectation is that these partners will meet at least two thirds of the costs, and that feels like good value as VLS/ Altalto should still own all or part of the IP and be able to transfer that to other sites worldwide. Yes further dilution is likely later on but perhaps not as much as some think.
Above assumes Shell and IAG have exercised their options, of which we have heard nothing but I would imagine that an RNS might be required had they not?
And remember the government is backing this so many more reasons why it should not fail.
Yes it says that but look at prices either side and it has the letter A at the side. My point is there doesn't appear to be a reason why.
Hi Steve. It hit 8.5 briefly at 13:05. Look on Google finance. The prices are pretty much live to the minute.
STEVE IT OPENED IN AUCTION AT 8.48 THIS MORN
There was a "buy" at 13.05pm at 8.50p but its never ever been that high today?
ONLY 2 ARE SHOWING AS BUYS THO . 8.2 AND 8 .09
Just re-read my last post - the £20M placing was mainly just FEED and IP costs.
SOZ 7.935
13:39:36 8.09 100,000 8,090 O
14:38:54 7.80 15,000 1,170 O
14:38:13 7.80 11,251 877.58 A
14:38:13 7.80 118,049 9,208 A
14:37:01 7.935 16,433 1,304 O
14:36:06 7.94 12,437 987.50 O
14:23:52 7.95 15,994 1,272 O
14:15:12 7.80 50,000 3,900 O
14:14:01 8.00 1,500 120.00 A
14:06:55 8.20 3,000 246.00 A
13:55:35 8.00 200,000 16.00k A
13:55:22 8.00 25,000 2,000 O
13:54:45 8.00 79,158 6,333 O
11:52:43 7.90 250,000 19.75k O
13:50:49 8.00 37,500 3,000 O
13:48:56 8.00 12,600 1,008 O
13:47:55 8.00 31,350 2,508 O
13:46:55 8.003 37,486 3,000 O
13:43:47 8.16 20,362 1,662 A
13:43:26 8.00 9,845 787.60 O
7 .395 IS THE BUY PRICE
Sure I read that Immingham would cost £500M to build and this is just for the FEED costs so there is loads more money to be found from somewhere.
3 IS THE NEW SPONSOR OF CHELSEA KIT . COULD 1 DAY IT BE VELOCYS . ?
Whitto - don't disagree with anything you've written, my only worry is how often these placings will come round. Hopefully next one won't be until 2021, by which time the share price should/might be significantly better than today.
STEVE 124 I HAVE NOT EVER SEEN A SHARE PRICE BEING MANIPULATED AS MUCH AS THIS 1 . AND AT THE MO I DONT UNDERSTAND THE REASONS FOR THIS . HOWEVER IT MATTERS NOT MUCH TO ME AS THIS IS THE 1 SHARE I WILL NOT SELL SHORT TERM NO MATTER HOW MMS PLAY IT . JUST ADDED MY ALLOWANCE MONIES TO BUY ANOTHER 2900 SHARES AT 5P . . ITS STILL A STEAL AT THIS LOW PRICE . GLA
Foxestocks - It shot up to 16.8p 2 weeks ago last time there was news so there is potential to double your money on next set of news.
Thanks Steve/Roro.
I like the look of the company a lot. Niche market and backed by the big guns. I was waiting for an entry lower but having read up on VLS over the weekend and a bit more today, I am IN. Had a chunk from RRE today and it’s gone in here.
Sell: 8.14p | Buy: 8.50p | up0.60p (7.59%)
When I ask for a price to buy/sell 1 share I get;
Buy 8.08
Sell 8.14
Prices are back to front and in no way reflect the headline figures quoted - very weird to me.
In theory it already has, was about 10.5p when announced and fell to 6p but slowly climbing back.
Its hoped that the people who acquired the mates rates will be longer term holders.
Difficult to say. 15% of the new shares when to a long term holder. Stock price dropped down to 6p maybe hit 5.9 (can't remember) as soon as this was announced, since then we've bounced up back to 8p peaked at 10p last week.
My feelings is wed (rishi sunak budget statement) and next week post the meeting some big news will be announced imo
So the dilution of the 400 million placing shares at 5p to be issued on the 15th July won’t affect the SP?
"I imagine it will sneak to just over 5p level before this" - You are correct Foxestocks... it did between the 26th - 30th of June.
Found it! 15th if july. I imagine it will sneak to just over 5p level before this
When do 5p shares get released please
I'm not 100%, it's in the stats section on L2. If you just watched the blue/red trades coming through and believed all the "sells" were actually sells and not buys, you would have thought the volume stats would be around 3m sells vs 1m buys... yet up we go!
Are those volume buy/sells reported or actual - there seems to be many buys recorded as sells for some unexplained reason?