George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
doubt any TR1s will have much of an impact, but the more money with institutions the faster this should move when eventually it does
suspect it's their UK special sits fund...all positive
Reece: there will be no link. HSBC is goliath...the lending arm won't be influenced by the investment arm owning...especially not such a small holding. if anything, they are less likely to lend to a company they invest in. The FCA is all over this sort of thing.
that said, i see the HSBC TR1 as a great thing. the good news keeps coming, it's just a case of waiting for the market to forgive a decade of underperformance
D9EAM: good luck to you, can't sniff at a profit.
KSH321: i'm holding out for double digits too, so that i can build a new garden home for some new Festool goodies.
Was livid with the placing last night, but the funding question was clearly holding back the market. hopefully it can now tick up...but WSG doesn't tend to do that. if the market doesn't appreciate 2 2 long term contracts that are now funded, i'm not sure what will move this until we see the revenue actually flowing in.
i'll let the Festool dealer stand down for now
yrabs: that's for that image. it's a slow play now. not the rise i'd have expected or hoped for....can't see it now jumping to double figures......but i can stay fully invested for a fair while yet, so happy to wait for the numbers to speak for themselves.
yrabs: your energy is amazing...come rain or shine you post, mood seemingly unchanged by great news, still holding through miserable times and promising times.
Win: i agree re RNS timing in hindsight. but before today's (lack of) share price move i'd have argued that they played a blinder. followed up a great contract on Tuesday with another really good one today....AND they even clarified that no raise would be needed for the second one......i honestly don't know what more they could have done (cue comic responses about handing in their notices) .
still, by my 10 year anniversary (next summer) i assume the numbers will start to show and people won't need faith, they'll see it in black and white in the 2H22 figures
PF: here's a shiny new 10 year contract, should be worth about $1.1m a year in revenue, enjoy. ps. don't worry about the upfront costs, we've got that covered so no capital raise for this
Market: Ooo, thanks. let's trade 45 millions shares and end up where we started the day.
great day to be an MM
Hi Mike, you're not content with this week's pair of bunnies? you're a hard man to please ;-)
i still have high hopes for Burkina Faso...especially after securing DRC...but I assume that's more of Q4 or Q1 at the earliest type of thing...these things always take longer than you'd expect
Second highest volume already hit (behind yesterday obviously). largely down to the shares outstanding having grown, but still volume seems high. Really surprised that the price hasn't moved more on it.
Maybe the talk of getting the placees out were called too early. or maybe people still love to just take a short trade here.
think i should turn off for a few weeks and see how she goes...maybe the market wants more meat on the new contracts' bones
morning Win: the broker who happens to write "research" has reiterated its buy and 19p target this am i believe (did so yesterday too). and according to Twitter in a note today "initial investment for the two new contracts can be funded from existing resources and banking facilities". Which would imply that the broker is not trying to push for a raise...but then "research" and broking are obviously "independent"...
yrabs: i get your sentiment, but i do think that "this time it's different". WSG have many more funding options available to them now.
i still think this is criminally undervalued (not to the ludicrous levels that some new posting "LTHs" are spouting) and would actually have liked this RNS to come next week...give the market time to digest the DRC contract first. for me we should have seen 10% this am just on the back of yesterday, today's RNS should have then sent it flying.
anyway, i'm in no rush...after 9 years, what's another 1 or 2?
i feeks, very good of you to post. sorry that you missed out. it's not been an easy ride for the past 8 years.....and tbf we're still historically very low...i'm only happy because i was able to average down in the 4s.
i was about to stop feeding the best but Stockholm Syndrome has kicked in...... i think i like you....because i'm getting more and more convinced that you're taking the p1ss rather than actually ramping.
i could check your history to see what you normally post, but i like the not knowing.
sorry that i won't get to send you some fizz
the cheer leading is certainly something to behold...but you do realise that the more it goes up, the fewer shares you'll be able to buy with your "£100k"?
After today's news the market cap is £15.6m...but i'm not sure that's what you were after
all i can tell you is that i think it should be closer to triple that....but it will be being dragged down by historically poor sentiment, fear of it not being ratified or a large equity raise to fund it. (both unfounded in my opinion). i think it will take time, but i also think that there will be more good news this year and that second hit could really put rockets under her.
i can't see the true value of this contract being priced in for a number of years though
i tend to agree with you Uchet, but today is an interesting day to complain about rampers being wrong
oh dear. i'm now sharing sentiments with Aiming...what is happening?
heading for my first ever filter button use
Aiming: You're right, i don't know what you're invested in.....but your actions and own words (when you told us that you sold out for a 30% loss having bought at 6p unfortunately close to the last capital raise) indicate that you're not invested here, that's for sure. but still you come back, day after day. it's been fun.
no doubt the board is about to be full of new "LTHs" to go on a rampathon and i'll be longing for the trolling days of old.
yrabs: volume is a new record....but up until this morning you'd have been the first point out that this is because our share count has gone from 24m to 286m in a decade. ;-)