Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think Jim is confusing warrants as placement for scare tactics yes we are diluted but at tiny amounts and for the growth of the company via warrants set out long before not some shady under table mates rates placement. We must appreciate warrant holders have the right to exercise at anytime given the eventual end date of them alba have little control if and when these are done...seriously misleading thread also realistically these are not far below current trading prices so...
https://twitter.com/hashtag/ClogauGoldMine?s=09
First twitter for a few weeks gla
They can do whatever they want with the SP, all I'm interested in is where will it be in 12 months,
Share purchases 19m, sales 7m according to LSE.
Yes I hope people remember this next time they show up again when the have reinvested, and take their blatant rampy posts with a pinch of salt.
Buy when you feel you should be selling ...and sell when you are being told everything is amazing.
You’ll make a lot of money but don’t admit it on here or any other BB as you get told you are a trader, and a ramper or deramper
All you’d say this is nearer a buy than a sell down here. Just like about 20 other mining stocks after this last 4/5 days
Perhaps people won't be so gullible getting suckered in by the professional rampers next time. It's good to be upbeat about your investment but their multiple 100% positive posts only served to sucker people in while they cashed out and disappeared like a fart in the wind. The company haven't helped either with their unexpectedly extended timelines. All we can hope is patience will pay off if and when Greenland starts to get proved up and monetised.
we are expecting proper assay results on the bulk samples collected in September October 2020 from Clogau
Most of us expected that info by the end of Decemeber then it became known they intended to use the pilot plant to process these
The assay results, we have been told will be by the end of Q1 2021 (i,e, before March 31). What is significant is that the BOD have warrants at 0.42p which expire on March 27th 2021 exercise value about £600k So, if I were them, I'd be saving up some sentiment well prior to then in order to propel the shares up and make some intrinsic value in those warrants, which would otherwise expire worthless.
There's drilling to results to come, and more trenching results. So far its all been good. Dont interpret drill core gold content as grades, as the distibution is nuggety, so its not a representative sample.
Ive noticed that the shares in this company are very sentiment driven, however imo, in the long run fundamental value is what counts. An example would be that the SP dropped when the Gwynfynydd exploration licence was aquired, which is absolute nonsense as it can only add fundamental value.
As a thinnly traded stock, then beware of market makers games. There is also a paradox of falling shareprice inducing holders to sell ... whereas if you are confident in long term value, then it shows good value to buy. Invariably such drops are followed by late reported trades, invariably large volume buys.
My advice, do your own research to gain an insight into the long term value of the share
Accept that many current holders are jittery and even small volumes change prices (as MMs arent holding large reserves of it)
Market makers play games
There are accounts on bulletin boards like this that try to induce behaviours in investors, which are contrary to their own intentions, to profit from your losses (zero sum game theory)
Be analytical, unemotional and decisive
Turn the tables....everyone sell today. Troll the boards and Twitter etc etc. Make the warrant holders cry like babies and see how they like it. Alba will then release a solid rns OR everyone gets behind Alba with positivity and Alba release a solid rns to avoid another sp slide. SOLID understand..
The 0.3p level is a good support, which means it is a buy area and not a sell area. These shares sold down here must be mainly warrants.
Good volume (32.3m on AIM).
The share may have come off a bit more, but the decline seems to have brought out the buyers.
Remember sentiment had us in the .50s going into the last grades RNS which obviously didnt have the detail the market required. No reason that wont happen again in the build up to the actual results
The thing is, it doesnt have to do monster % in one day, sentiment just needs to turn back in our favour. This could be in the shape of the Q&A GF is doing, or positive PR and momentum in the lead up to assay results. It's certainly a patient hold for me, as guttering as it is to see the slide from xmas to here. Pointless selling a bean at this price for me
Elir, thanks, are we expecting a valuation on the assets or something? Any good news from ALBA right now would be appreciated
@DJM
positive ... all the fundamentals are the same, all good. My estimate of current fundamental value is 0.7p to 0.9p and that is valuing Greenland, Ireland, and unexplored DGB at cost. HH is the unknown.
40-50% drama queen
DJM22, please sell. I'll buy whatever you have.
Have a nice day.
From here even on good Assays it would need to do 100% in a day to just about break where we were, shocking!! Everyone still with the opinion hold for gold? I need some reassuring here before I sell up!
The rate at which the share price implodes is crazy. I know this is AIM but it makes it near enough impossible to buy and hold. Only value in trading it or averaging down. We are pretty much at warrant price now. With a lot of the warrants to be exercised still!
Elir, thanks for the warrant information. Would the dates that they need to be exercised by have tied into a programme of works, so by March 2021, when these warrants are due, ALBA thought they would have been further along at Greenland, but since then, they have been hit with COVID restrictions?
It’s on Alba to show everyone some gold. After all the media reports, they need to for reputation alone.
Would love to hear anyone say any thing remotely positive about this share today, had a guts full now, just want out
They won’t sell at a loss and a sale of an asset could triple sp in a blink
quite so nookie there's over £1m worth of warrants to go in 2021 at least
It’s only 9m shares - jeez. They’ve probably been bought already