The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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One of the largest investor globally in the gold sector. http://www.lamancha.ca/images/Presentations/LMH---La-Mancha-Presentation---20190416.pdf
La mancha owned by Sawiris family.La mancha Group vehicle for investment in mining.One of the largest investor globally in the gold sector. Has backed Canadian "TSX.. EDV" Endeavour mining with investment. Australian "ASX..EVN" Evolution Mining.Golden Star "TSX GSC & NYSE GSS" & Now about to invest CASH into Altus Strategi.London ALS.
La mancha owned by Sawiris family.
Under radar for most. This deal was massive for the company. It deserves re rate.
Yes, I think a lot of upside potential here. Shame about the 14% spread though. Hopefull a bit of volume will sort that out
Mr market catching on here.. should be much higher.
Give mr market a nudge
News
Deal missed by Mr market..deal signed at premium
That was my small investment.It was a buy & Not a sell. Small outlay for a nice amount of shares.In a Good Mining,Royalty company. I would compare ALS to an early stage,Sandstorm Gold (SSL) is a gold royalty company on Canadian TSX @ £5.18p a share.Just my thoughts on ALS....DYOR.
I thought i recognised the Steven Poulten name.. Stellar Diamonds ... Newfield !!!
Over on the ADVFN site on this share .. all the chat is about Alstom ( ALO... FR )
Any connection ??
Thanks for the answer Castaway .
I had a limit on all last week @ 0.32 lifted this morning .. on its way down to 0.28 .. as always with me lol .
I am also overloaded .
Another good RNS - ALS has to move up soon!
https://www.lse.co.uk/rns/ALS/joint-venture-signed-on-gold-projects-in-mali-1dgppqcpqi75fw1.html
Hi Ripley - I did buy some - pretty loaded up though - it has to happen soon1
Hi Casterawy ...What do you make of the fall back in Vast this past week .
Did you top up ?
I hope they use the cash to get direct production and revenues sooner - I cannot see why they would need this cash short term unless they are acquiring further assets - anyway we should find out soon. By the time the La Mancha cash arrives I bet they are not paying a premium. Why would they?
Welcome aboard any newbies.
Hopefully the LaMancha deal will mean greater monetization of assets no more selling of assets at bargain prices
Happy to hold here
Great interview thanks for sharing seems this has lots more legs. Just needs to get on everyone's radar now and see more deals being struck. Testing 5p now.
This is interesting from this August: http://www.miningstockeducation.com/2019/08/five-gold-silver-miners-the-sprott-group-has-invested-in/
Steven Poulton reckons just the Mali gold projects are worth more than the whole current MC of ALS - I wonder what the current finance is for?
Billionaire Egyptian family onboard in the form of LaMancha and as you say the cash balance come Jan is not far off Mcap. One highlight that's easy to miss is the significant expected investment from insiders:
"Directors to participate in the Placement, subscribing for approximately C$ 640,000 / £ 375,000 in aggregate (“Directors Subscription”)"
They already hold a big chunk of the company, and $640k CAD is nothing to scoff at, especially at a big premium with no warrants.
I bought some also - under the radar as you say - the cash they will get with the investment in Jan is not far off current MC - La Mancha did a similar deal with Golden star (TSX) in Aug 2018 a year later it had 6 bagged - ok different company but there are good prospects with the projects ALS have
The placing on TSX at 30% premium to vwap and 20% over yesterday's closing price! Half the shares are in tight hands. This is a very off the radar Gold play in Mali and the rest of Africa with great assets and could move really quickly. Steve Poulton is running a great show here. DYOR applies
Hi All,
I haven't posted at London South East in ages. But I should have posted my new Altus Strategies videos here a few weeks ago when published. Here it is:
https://www.youtube.com/watch?v=lzX1DpObfnI
It's a deep dive into why I think Altus is a great buy here (though keep in mind it was trading lower when first published). While this is primarily focused on the Canadian Listing and a North American audience, I briefly discuss the AIM listing about 40 minutes 30 seconds into the video. I hope some of you get value from this.
Cheers,
MBG
This rise looking more significant now. Very happy to hold here