Member Info for Benjidog

They won't be able to buy cheaper than this as you say regular posters will know who are around for the long term and the 10%ers

Difficult to understand markets, positive news but one buy trade valued at £92.01 can result in the value of my holdings dropping by over £2000, keep in there folks we have been around a long time and in another few years we WILL see some gold and then the price will rocket ??

Just wondered if the spoil heaps are full of badgers and/or red kites which might prevent anything happening there too. Hopefully not and we can crack on with something positive in the near term

£5.5 million does not go very far !the overall costs of these proposals will be much higher than this .people really need to stop moaning and realise what they are buying into or just get out now

Alba is an exploratory mining company not the royal mint so expect a cash call in the future to fund the programme outlined in today's RNS.
Much hard work has been done and much more remains, once the necessary consents have been obtained then a start can be made processing the spoil heap gold which will ease the cash call but make no mistake this is expensive stuff in the medium term hence the current share price.
There is just too much short termism with most investors I have always urged patience and this is still very much the case but the long term rewards are pretty obvious for those who are prepared to dig deep.

Short termism is not always the best approach. Get it right first time and you don't get bitten later.Agree very much with the comments on home working and the system breakdown this has created so hopefully once the furlough scheme is dropped along with city weighting allowances the penny will drop and we can all get back to work properly

This just has to be good news, particularly so the relatively small amount of work required to access the ' new lode'.
Patience people if it takes another two years then the jam will indeed be sweet and wholesome.
Methinks Mathew 8 verse 26 applies

This is a win win situation.
We end up owning a majority stake in the new business and anyone wishing to acquire a larger interest can do so in two ways.
1 Buy more Alba shares or 2 buy at the IPO
Simples

I guess most of us following Alba have heard it all before in saying that this latest announcement adds at least £2M ( at current gold price ) to the assets and as such should serve to stabilise the sp at least.
Just done a little top up at 0.2443p so averaged my buying price down a shade.
It will take months before any positive action is concluded so just be patient, hopefully your prediction of north of 1p a share comes to fruition so enjoy the ride if this happens.

Does anyone out there have the remotest idea of when we might see some mined gold or processed graphite.?
Until then conjecture and sentiment will be the drivers not facts so just accept this is what the market does and the volatility thst has been apparent over the last year will continue so just sit tight and wait for facts to outweigh sentiment
Ce

In a changing world it is great to see that Graphite seemingly has a more positive effect on the SP than any announcements on gold.
Make no mistake graphite is the most tradable asset in this business gold is the icing on the cake.
Just be patient then all the seemingly outlandish projections WILL materialise but it is years away not days.
Still hanging on to my 7million shares through thick and thin having been around a long time.

Clearly this was positive news, my understanding is that 0.653g/t equates to 2.23 oz/tonne and 1.79g/t is 6.393 oz/tonne so very significant.
As I have previously stated the true worth of this business is in the Greenland assets and Clogau is just part of the icing on the cake.
The SP is merely reflecting the daily traders profit taking however this is the way the market works.Patience is all that is required we are all part of an extremely attractive business long term

Without wishing to lower people's aspirations please note that at 0.39p a share Alba is already trading at 4.33 times asset value .
Ergo we need to some really positive info to bring about a dramatic lift in the share price so 5X although desirable is somewhat unlikely.

I couldn't agree more I have been invested in this business for some years now and slowly added to the initial investment, all based on the businesses divergence, yes gold gets people interested but there is far greater long term prospects in the Greenland ventures than the gold in the Welsh hills, useful though it is