George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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Should have added, to get through a 585m overhang you need market volume of 1,170m, assuming all shares are MM traded. The market makers were not likely the ones that underpinned the raise directly.
That also assumes that 100% of raise shares will be sold, some may have gone to stickier hands although it seems likely not.
Robbie, I understand where you're comi g from, but the sells whilst lower in quantity have been higher in volume. I've been watching the trades too, I agree there are an awful lot of buys at 0.066 /0.067, all the 0.08 ones are Market maker self trades to obscure the real data.
I don't see any ii buying, that's the most unfortunate thing. We have not reached the stage where anyone but private punters will buy these on the open market. A nice fat TR1 would make me much happier than the next gold assay results.
9th biggest volume stock at present: 21.6m shares on AIM.
Pickedpeck - whilst I would normally agree, I’ve been doing daily dummy buys & the vast majority have been buys (there have been relatively few sells by comparison) so I think we’re much further through the overhang…. Some gold essay results would be nice though or a director buy-in now into a new tax year - I’ve been buying weekly since the raise & ALL my buys showed as sells - GLA
The problem with matching numbers up like that is that if you have a seller with 585m then you also need 585m buys. The trades have been obscure because of the tight real spread, but either way we are nowhere near through an overhang of 585m sells. Given some 'real' / other sells in the mix we are maybe 1/3 of the way through , so more or less another month unless someone starts buying heavily.
That's assuming of course all 585m are the overhang, I agree the trading pattern suggests that is (very sadly) the case.
Last placing: 585m shares
Since its announcement, in the 12 sessions through to yesterday's close, 578m shares have been traded on AIM.
This figure excludes the volume dealt on Aquis.
It's as if CMC had itself subscribed to a large chunk of the placing and has ever since been re-placing them in the secondary market.
Good to see GROC moving up.. .. as I hope Alba will in the next few months.
Now you know that CMC are ‘at it’ …..Groc risen 40% in a few days, doubled up their land and have US financing potential. Oh and Alba might announce more gold in their sampling
"- This LoI will also assist GreenRoc secure further development finance" (from GROC's RNS video).
Enterprising of US EXIM Bank.
Repayable over a maximum 5-year term, so provides a significant boost to the financial credibility of Amitsoq from a prestigious source.
Has this initiative "launched" the longer-term financing of Amitsoq?
Yesterday's 0.30p gain in GROC added about £504k to its market capitalisation so, at 37.49%, was worth about £189k to Alba.
GROC closes up 17.1% at 2.05p
GreenRoc sp upwards
Okay Ocelot, why i couldn't remember what happened to Inglefield.
Those Dtill results are taking ages 2022/33.. went to Australia I believe.
I guess GreenRoc have hugely increased Amitsoq project licence.
I just feel Thule Black Sands is not for Stefan.. I guess he knows more than anyone what is good.
Graphite he's baby.. he works hard.
Hopefully our 37% will hold now or increase 🙏
Inglefield was relinquished further back than I remembered: see the RNS of 23/01/23.
Inglefield was terminated quite recently, within the last few months.
Re TBS, we continue to await the results of the last work conducted on site.
A quick scan through the Bluejay BB suggests they may not be very cash rich, but don't quote me on that.
With Stefan increasing Amitsoq Graphite Licences.. and totally focused on Graphite
I wonder if Bluejay will snap up Thule Black Sands
Thank you Ocelot, I was aware of Melville Bay..
When did Inglefield Multi-Element project go.
Has GreenRoc renewed TBS.
GROC has retained Amitsoq and TBS.
What assets do GreenRoc have now..
Below was the assets IPO time.. Melville Bay Iron Project relinquished.
What happened to Inglefield Multi-Element project.
Has Thule Black Sands Ilmenite licence expired.
GreenRoc’s assets include the Thule Black Sands ilmenite project, the Amitsoq graphite project (considered one of the highest-grade graphitic carbon projects in the world), the Melville Bay iron project and the Inglefield multi-element project.
Catching up with the Bluejay story:
in their RNS of 06/02/24, they announced having dismissed their VP of Exploration who had set up a competing business intended to operate in Greenland and which had secured exploration licenses surrounding JAY's ilmenite resource, Dundas.
It looks as if prospects for TBS may be brighter than developments at JAY had originally led one to believe.
Suggestion on bluejay board of Thule black sands being an acquisition target for them
New material Scientists have created, 1 atom thick gold on graphene many use for this material apparently
We just need to get it out of the ground commercially quickly
Was hoping we would have a gigafactory in the Uk but those dreams of us supplying our graphite also dashed with recent news
Gotta come good sooner or later
GLAGLTH
... The assertions made by former management that 1.5 months of inefficient and ineffective exploration in 2022 is more representative than the cumulative three-year work stream preceding it is fraught with problems. As such the Company is reviewing suitable courses of action to retrieve the effectively wasted shareholder capital from those responsible.
On a brighter note, we are very pleased that consensus exists to re-instate the 2019 Mineral Resource Estimate. The Company is taking steps to finalize this process, which has begun with a low-cost review of limited sample material available from the 2022 campaign. As Dundas is fully permitted, with a valid mining license, we will continue to review critical aspects of the project, as well as potential value adding acquisitions within the country."