Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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Having said that, the offer has just been raised to 0.075p, widening the published spread again.
Robbie2017,
Don't know for sure but am hoping the churn is approaching its end and that the closing of the published spread will allow the share to establish a base from which to recover.
Ocelot, do you suspect the spread dropping to a realistic level indicates the excess shares have finally been absorbed? GLA
Yes mate, but it's a mining junior listed on AIM that had a market capitalisation similar to ALBA's even when in production (due to mine issues and debt). The point is, MTL developed and built the mine and ALBA inherited an actual producing Gold Mine that is already built with all necessary infrastructure in place to get rock out of a hole and into a truck for processing.
It's been a disaster from GF and his ever revolving management team. Good luck here anyway, I want it to succeed because a lot of people have been 'trapped' in here for so long being financially abused by a serial incompetent. At least some Bats and Otters have a nice place to live courtesy of persistent share dilution.
Gold 'might' be produced at some point, I and many others will only trade this and get out on spikes because holding and 'averaging down' is financial suicide on AIM, particulary in miners(sp) and oil and gas companies.
All the best
Tygra - thanks for the response. As we can see a big difference between a miner/ producer of gold and an "explorer" if that's what ALBA is. We are definitely not a producer or miner.
Jsp123
'Asllankukeli which gold juniors have risen recently?'
MTL has doubled in 2024 and is up circa 300% over the past year. The key is it produces GOLD and therefore can be classed as a Mining Company and not a Dilutive Lifestyle Company (ALBA).
It focussed on paying down its debt that was used to get the mine working correctly ($130 million at high interest so nigh on $180 million paid back), and is now debt free and actually selling Gold and buying up other projects to develop.
ALBA have spent well over 5 years trying to get a single gram of saleable Gold out of an actually built Gold Mine that only stopped producing in 1998(ish) because the price of Gold was below the costs to extract and sell it ($300 per ounce).
This mismanagement is appalling, and the fact that a tailings pile that would be so easy to process into saleable Gold has sat there for eons, is typical of GF and his cohorts who prefer rinsing shareholders instead.
Full scale underground mines have been explored, planned, dug, built and put into production by many companies all across the world in the time it has taken GF to relocate some otters from an already BUILT and excavated Gold Mine in a 'supposedly' developed country.
You never know, maybe an actual Mining Company will buy it for a quid and have it up and running before the wind erodes all the Gold in the tailings pile.
At last the offer price has dropped to 0.07p so that the published spread reflects the true spread.
The point stands though :)
A pleasant surprise RNS . If it reduces the need for the customary multiple raises at discounted prices then that a most welcome change from the AIM modus operandi. I can't help thinking the large chunk owned by Alba will drive more sensible financing decision as they won't want to dilute that holding. Encouraging
Congratulations, SB and Greenroc!
GreenRoc's CEO, Stefan Bernstein, commented:
"This LOI from US EXIM Bank represents a strong show of support for our Amitsoq project from one of the key financing bodies of the US Government involved in the roll-out of loans and other funding support under the US Inflation Reduction Act to entities, like Greenroc, which are developing projects which will deliver critical raw materials to Western economies. A successful application for up to US$3.5m of funding would allow us to undertake extensive and costly parts of our work programme over the coming couple of years and to achieve important milestones such as the PFS and DFS and the processing of large bulk samples of graphite ore, all of which are critical paths to production. As such, we expect to proceed with an application to US EXIM Bank in the near future.
"With the US Inflation Reduction Act's rules of origin in relation to graphite set to be implemented in the near future, we expect to see increased interest from US industries in securing friendly sources of graphite, and so this LOI from US EXIM Bank is timely."
Because we produce no gold yes, but more to the point, each time the share price rises our CEO issues new shares to his pals which smashes the market cap by 10 times more than he raises. I am appalled by the way we private investors have been treated and this quite rightly deters new investors. Until he learns how to run a *listed company* we ain't going nowhere.
Kavando
sol gold
golden metal resources
They not up a huge amount but up none the less.
just to name a few.
Why we stuck at all time lows. Not being a producer is a factor but there is lots more to it....
There are so many non producers out there that have the chart going upwards
Times, Business, pp48-49 - 2 quotes:
"The problem of weak valuations is behind C4X's decision to take the company private at a meeting on Monday. Clive Dix, its chief executive , said: 'We believe we should be valued at 5 times, if not 10 times what we are and therefore raising money at 10 times the value would be much simpler. I don't think it's to do with the quality of the companies and the science. I just think that the environment, it doesn't work. There's no liquidity" ...
"Gervais Williams, head of equities at Premier Miton Investors, a long-term proponent of smaller listed companies, said ... 'The UK is cheap, but small caps are disgustingly, absurdly cheap' ... Nevertheless, he reckons a broad rally in UK-listed shares is coming, with the FTSE 100 index flirting with a record high. This, he believes, will result in a 'positive virtuous spiral' that will boost smaller listed companies. 'I'm more bullish now than I've been for 30 years".
Asllankukeli which gold juniors have risen recently?
Because its produced zero gold .............. 0oz=£0
Given the recent rise in gold prices, a lot of gold juniors have risen too recently.
Why is alba not following this trend.
Is there something foundamently wrong with this share apart from the BOD which I know its lacking the right skills?
Correction: consulate in Damascus NOT Beirut.
Got there! over $2,400 at $2,403.51, (on the negative side, reflects, in part, serious concern about the possible Iranian response to the destruction of its consulate in Beirut).
Sint trades that should say
0.0661 is a buy
The ain’t trades are completely deceptive
Costco sells gold bars to its members - an idea for Tesco? Or, maybe, Waitrose?
https://www.businessinsider.com/costco-gold-bars-silver-coins-monthly-sales-wells-fargo-bullion-2024-4
They have barely collected any
The last placing was for 585m shares.
Since its announcement, in the 9 sessions through to yesterday's close, 526m shares have been traded on AIM.
This figure excludes the volume dealt on Aquis.
Hopefully, therefore, the impact of the last placing on the share price will now begin to diminish.