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Alba Market Cap £14m Horse Hill value £4m . GreenRoc £5m . Gold ?????
Just need this management team to deliver something vs talk
I don,t Know about anyone else But I think we have just been shafted.
Pactrol why do you feel shafted?
Perhaps Pactrol does not understand !!!
Nice to see Greenroc launched. Could not resist a few more Alba shares today at these prices.
My confidence in Alba is still 100% intact.
what's not to understand the company Im invested in has divested itself of half its assets and now the share price is dropping its just another form of dilution.
The GROC spin out was announced some 5 or so months ago. Investors have had a lot of time to make decisions on their investments.
Were you expecting GROC to double & drag Alba up 50% today?
A real lack of understanding of what has happened. GROC will require lots of capital and specialised management. Alba would have been stuck managing something that is not its core skillset and we would have had massive dilution. Just look at UDOG to see what that leads to. This way we retain some ownership but GROC does its own funding. What Alba needs is to stop talking about producing gold and produce some or at least a credible timeline to 1st production. I have 27m shares at an average of 0.11 so I am still very happy here...but we need gold!
Hi shouldvesold
I don't mind admitting that Greenoc was undervalued in my opinion when the resources are potentially huge. It is only day one of the launch and i'm confident that as the days/weeks go by Greenoc will move up and there will be a knock on effect for ALBA. I mean £11m is surely on the conservative side? Just an opinion..
Sageman you are right there are lots of "investors" on here who thought that Alba would be getting millions from GROC, that Alba has given away its assets, that Alba shareholders would be getting shares in GROC etc etc. Lets hope that GROC makes progress and the value of our shareholding there increases. Lets also hope the ALBA BOD can now focus on our gold assets and start to demonstrate what the potential is.
Pactrol & Tully, I am certainly not the claiming the lead voice of authority on this. It has been discussed at length in this bb what the Greenland assets will require to mature.
Commercial production is probably 5+ years away & funding/manufacturing/site building operations will probably cost £200M+.
That's not plucking this figures out of thin air. If you look at graphite mining companies & operations, that's the equivalent scale.
Im my opinion that doesn't mean GROC will require capex of £200M before it starts to generate cash.
There is no reason it can't develop as it goes and starts with a very small operation & income funds the growth scale.
At the moment GROC is a company that only owns an exploration license. It needs to raise tens of millions of pounds many time over at different stages of growth.
Basically the IPO is for the exploration license. Hard to value that at £11M in my opinion.
Yes the mineral resources are there and when GROC or what ever the company name is by the time its ready for commercial production is in full swing. I'm sure the value will be 1000% higher than what it is today.
I think the expectations some have is someone like Elon Musk or a conglomerate Mining Co or manufacturer would step in and buy GROC outright.
Even though that is a possibility, I think at this stage, that possibility is extremely small.
I don't blame Yanis from selling up. Personally I feel as thought GF used shareholder money to acquire those assets and he has span the company out and shareholders are seeing the assets they funded trade in a separate stock that they/we have NO slice of.
Another way I am looking at the real time value of GROC is, Alba now has those assets off the books and the SP is relatively unchanged.
ShouldveSold, . Personally I feel as thought GF used shareholder money to acquire those assets and he has span the company out and shareholders are seeing the assets they funded trade in a separate stock that they/we have NO slice of.
That is obviously not true--Alba has 50+% of GreenRoc and the other shareholders in GreenRoc have paid £5m for their share. I think you are exaggerating the amount of funding required .
See below.
The Directors believe the establishment of a Greenland-focused AIM-quoted company creates the opportunity for GreenRoc to build a significant market value, given the market capitalisations of other AIM-quoted mineral exploration and development companies whose principal mining assets are in Greenland. Bluejay Mining plc (LON: JAY) has a market capitalisation of GBP £114m, while AEX Gold Inc. (LON: AEXG) is at £48m. Further afield, ASX-listed Greenland Minerals & Energy Limited (ASX: GGG) has a market capitalisation of AUD$161m (GBP £86m at an exchange rate of 1 AUD:£0.532). All figures are correct as at 22 September 2021 (rounded to the nearest million).
Cool
TullyCrow. i agree; the dsownsaide is very limited anf the upside is potentially huge
yes I see what your saying But with a 50% holding Alba Shareholders are still going to be on the hook for its share of the funding of Grok are they not. when all their funding needs to be concentrating on getting some gold out
No Pactrol that not the case. That was the fundamental reason for the separate listing, so that Alba shareholders would no longer need to fund the Greenland assets.
That seems strange to me that the majority shareholder is not Obliged to provide funding. but obviously you know something I don,t
Not obliged but may choose to. GreenRoc may choose to borrow funds or sell one of its assets.