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Yes we need a major to take alba forward funding it as ggp has and look at its cap now heading for £1bn. The only other stock that rivals ggp atm is omi at £5m cap who has newmont funding it. Almost mirror image major operator deal funding to production. That’s what we need fire Alba but we will have to prove up the resource to get them to look at us. So we will need to dig deep to fund our way then we can put a for sale sign on it.
Saint tropez I am well up on GGP and shanta, I am happy here, I have also have a lot of gun, this could be the new GGP , it looks very interesting,
DegsyAlmomd,
Outstanding warrants should cover funding requirements for quite some time (see page 49 of the last annual report):
https://www.albamineralresources.com/ul/2019%20Alba%20accounts%20FINAL%20version%20WEB.pdf
Major funding is required here to take it forward so expands dilution but the speculation is good.
Alba is no scam, management is decent and professional.
St tropez on the GGP site earlier today Advfn they were mocking this share and say it’s a scam and a joke ,I still hold ,
It's also the case, garykc, that Alba is coming up from a ridiculously low level. Personally, I had never imagined it could fall so low, 0.20p perhaps, at the very limit.
Gary - completely irrelevant. What’s relevant and important is the market cap. Look at UFO for example. Steady increased and continues to increase after having gone up by 1,000%. It’s about the value/potential value of asset vs the market cap. Additionally, and crucially, most AIM stocks have been decimated over the past 4/5 years, and now they’re re-rating to their true value. Add to that the increase in commodity prices and you have the perfect scenario.
Gary, if you had live feeds you would have seen profit taking every day on an intra day basis plus massive volume. The pull backs in the sp intra- day have often 10-15% . It follows that people have been taking profits and the 10% brigade have been regularly satiated. The thing is that it was tied in people’s minds to UKOG . Closer examination shows gold in Wales and substantial assets in Greenland. A re- rate is taking place as people reassess.
Please please don’t forget that this has risen almost 500% in just over a month. I’m not bashing us, but profits MUST be taken at some point. I am hoping that this is a 10x bagger from here as my retirement at 59 is almost there.
Trytobeobjective- I wasn't indoors watched the presentation Friday and been trail running in the sunshine! GLA tomorrow.
And that 10% of Clogau is valued at 2 times premium, which currently is running at up to 30 times normal gold. Use a premium of 3-5 times (which is a good yardstick after we start producing) and 10% equates to 4.35p to 7.25p.
Ant this is only 10% of estimated Clogau gold - 10%.
Add the other assets ... and we have multi-miulti-bagger potential here - next GGP?
Ocelot, at only 10% that is 2.9p. And that is just from Clogau! Way way undervalued.
Oh Olly, a beautiful weekend, and your stuck indoors watching, with the other 679, an edited version of a propaganda type presentation! Cmon, you know that only the company knows what is actually gonna happen! Mind you, i hope your right.
Market cap after the most recent exercise of warrants: £21.9m.
If we take take the Daily Telegraph's £750m figure for Clogau's potential worth and add on 100% for the Welsh gold premium: £1,500m.
Given Alba's other assets, about 1% of Clogau's potential worth is currently in the share price, 1% being £15m or 0.29p per share.
https://www.telegraph.co.uk/news/2020/05/24/gold-mining-company-lodge-planning-application-dig-snowdonia/
Normally can't stand Mondays but I'm looking forward to this one! See some 680 people have viewed the presentation on YT this weekend.
Is it Monday yet
So that video was posted on YouTube on the 10th September, wonder how long until we see the results? GLA
Warrants being exercised doesn't necessarily mean the corresponding shares will be immediately sold, it simply means the holders have obtained the shares which they can sell when they choose, like any other shareholder.
If they want to cover the exercise cost, they can sell just enough shares to cover that cost. With a share price of 0.42p, the cost of the exercise of the remaining warrants at 0.13p is covered by the sale of less than 1/3rd of the corresponding shares.
Warrants were absorbed on Val with barely a blip as the re-rate to its ore results level was so strong.
I see a similar if not stronger re-rate here and would expect a positive reaction to what is
afterall more cash to work with.
Ocelot, I agree volume was over a billion counting NEX. I am expecting 1/2 billion + volume days on AIM alone. If no warrants are exercised we should be seen another big rise tomorrow.
However, if warrants are exercised we will see a a pullback and consolidation but should pick and move up past last Friday’s close by the end of the week. A pity we didn’t get any more news coverage this weekend, it would have helped a lot.
Yanis,
Add in nex trades and Friday's volume was above 1bn shares.
... and BTW, next resistance level is at 0.58p and after that at 0.75p. I am seating tight :)
Ocelot, a TR-1 will be great - it takes 156 mil to cross the 3% threshold, we had more than 700 mil on Friday alone.
I do think though that this volume is down to PI interest. Alba right now is hot, the chances of finding gold with modern techniques are relatively high. People now are looking at GGP and then at Alba and Alba is only just starting its re-rate and the MCap is still very low relative to assets. All this run is down to Clogau alone, other assets relatively significant are not priced in the SP yet.
Now that Alba is getting noticed, those other assets will begin to make a mark in the MCap.
IMO, the big volume days are yet to arrive. I think ahead lie 1 billion + and 2 billion + volume days as the news spread. The link with Ukog is finally and at last broken. GLTA.
Given recent volumes, will there be a TR-1 declaration of a 3%+ stake?