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’
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.
Today and yesterday the MM has stopped doing those daft 0.08 self trades pretending to be buys. I wonder why the change in behaviour? I mean its lovely that they want to keep the mid price up a bit, but its fairly clear the buy price is 0.0665-0.067 and the sell 0.065-0.0655 .
We are still seeing a lot more buys than sells, but at least one of the placing destinations has obviously created a stock overhang by making their shares available from the day of the announcement, even before they were actually admitted, at any price higher than a profit of 0.01 per share.
It may be worth a question to GF, why are you placing shares with such loose hands if the news is so positive?
George is a director on the Horse hill development ltd board , seems a very complicated set up to me!
GoldnOildigger - why did George loan them the money, what was his thinking/its purpose? GLA
Https://www.mining.com/gold-price-sets-record-for-eighth-session-in-a-row/
Hi Robbie, I believe the HH is a loan, not repayable on demand and only interest being received if at all, based on current base rate ( so poor over last 10 years). Sanderson seems to be in charge of repaying, so not much chance there.
I'd imagine now its just a matter of time and getting so many pennys in the pound from liquidators sometime.
There was supposed to be a £100k payout a while back from oil sales, but my Gut feeling is that this was conditional on GF signing over some control to a new group of probable crooks. It looks like he didn't and we didn't get the money. I think if we did, there would have been an RNS to say so.
My thoughts are if UKOG and the sanderson legacy don't keep bleeding more and more investors keeping the lights on and wages for him and it does eventually go bust, then it maybe something Alba could potentially take control over, depending on what was really needed for investment and potential income (We do need an income from somewhere, but not a money pit if that's what HH would take).
So basically HH very little value and our investment buggered. But at least if thats the case, there will be quite a lot of tax losses to offset against future Gold income. We probably have millions on reserve on losses, so probably no dividends either for many years, if Clogau starts making a good profit.
Sorry for long winded reply. I hope this helps.
If some of my thoughts/comments are wrong, please update me as this was all on memory. Cheers
2 elements: shares in HHDL (note: NOT in UKOG) + advances made to HHDL.
HHDL and HH are both controlled by UKOG. UKOG is not exactly overflowing with cash resources at the present time, so UKOG itself is not a buyer and it is highly unlikely another player would want to buy into the present situation.
Can somebody explain Horse Hill ie is it a loan we are owed or do we have shares in the company (which we can sell)? Horse Hill needs to go to fund gold…. GLA
£408k at todays price, obviously I think you could treble that with Welsh Gold premium ... £1.2m, I would sincerely hope the grades would get higher once processed, probably extrapolated to 1000kg per tonne !!!!!, again this is the problem with announcing individual high grades samples, great for keeping the Gold fever going, rubbish for doing the basic maths, bulk sampling will give a much better picture, then you have a better chance of working out infrastructure costs, extraction costs, processing costs ....... profit etc
£500k potential income at current gold price.
These grades are quite small so hopefully much higher once processing has been done.
Of course as I have said before Welsh gold has a premium attached to it.
Maybe sell Horse Hill stake to avoid more short term dilution.
The last figures said 4000 tonnes at 1.7g/t but that could change a little as we are sampling again.
Supreme Court should be ruling on horse hill soon, if that goes in our favour it could increase the value of our stake, every little helps!
Sorry meant 0.669 ish are buys… GLA
Just bought little over 1million more - buys are about 0.69ish - there have been a lot of buys the last few days but I assume we’re still absorbing the new shares in issue - once absorbed (along with news) the brakes should come off… Come on Alba can we have more gold results please…. GLA
If this 10 bags from here now i'll just about break even :(
COME ON ALBA For christ sake lets have some news ,,ggrrrrr
MontyMcgree,
Bit of a 2-edged sword, inflation. It reduces the value of currencies, enhancing the appeal of gold. But central banks fight it with interest rates so there is an opportunity cost in holding gold.
Ocelot inflation is bad for gold, if there's a lot of currency sloshing about, loose lending & big spending, why would you park your money in a safe asset?
The 1970s gold price was down to fear and uncertainty during the oil/energy crisis - https://en.wikipedia.org/wiki/1970s_energy_crisis
Also let us not forget the abandonment of the Bretton Woods system was in the early 70s so gold was always going to have some kind of price discovery after that
If there is the same level of non visible gold in the spoil heap ie 3.5 ozs per tonne , how much tonnage is there in the spoil heaps ?(which is easily accessible and planning is in place)
if this is the case we should be getting some really positive news and potential income into this business within the coming months. Answers welcomed!
Gold prices could soar through the end of 2025 if inflation stages a comeback, according to market veteran Ed Yardeni.
The Yardeni Research president predicted that gold prices could rise as high as $3,500 by the end of next year, implying as much as a 49% upside for the precious metal from Monday's price around $2,347. That's because inflation could follow the path it did in the 1970s, when prices began to spiral and gold went from $35 an ounce to a peak of $665 an ounce ...
https://markets.businessinsider.com/news/commodities/gold-price-outlook-record-2025-inflation-oil-production-us-economy-2024-4
In the very short term, the price can come back. In the longer term, think the gold price is heading upwards.
The article makes clear one of the principal concerns is the level of debt in the world, including that of governments, including that of the Federal government.
The Truss government showed the markets how instantaneously confidence in a government's ability to manage its debt can change to alarm and panic.
The traditional response of governments to debt which has become unmanageable is to inflate and thereby debase the currency. Hence a key attraction of gold.
I think it’s a cautious tail what goes up always goes down we just hope at a high solidified support! Lots going on though in the world, major elections both uk and overseas, wars, inflation/recession
Https://www.kitco.com/news/article/2024-04-05/gold-rally-just-getting-started
"... this hugely prospective, and still massively underexplored, gold belt." (RNS of 02/04)
It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 5 April 2024. (RNS of 28/03)
They certainly came from specific targeted areas I don’t expect a bulk sample to come back to the same level once we get tonnage but it certainly is important to see the kinds of numbers they are looking at we aren’t talking about single figures here!
I shall do! That was a very positive annd important rns missing!
I don't think it is right to describe the samples as coming from "a relatively small area". My understanding of the RNS is that they took 40 samples from different areas in level 4. Using their (dry weight) figures the weighted average Au grade is 3.5 oz per ton and it is worth noting that is for samples without visible gold. The 150 ton bulk sample they are planning will produce about 500 oz of Au if it contains similar concentrations, and it does not all need to be drilled or blasted because there is loose rock which was left at level 4. At over $2200 an ounce that is worth over a million dollars or about £900 000. That is without any premium attached.