George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
@ArgoBull.... bull to bull... what do you make of the website... seems to me at the point it gets interesting you cannot drill further. I just dont want to find out the backers of this outfit are in any way connected or known currently or previously to Argo execs through previous adventures.
You know even reading your post makes me think the world is madder than you even think it is.
Loans against assets would suggest those assets hold value long term or at least during payback period will have a saleable value or the assets will appreciate in value as the money is spent. In very broad terms, the latter would be akin to an RBL in oil and gas. Massive upfront capex and longish development lead times before there is a productive asset. Yes its risk to lender thats why in that example banks have experts doing a ton of DD that the company ends up paying for. I guess housebuilder could be another if there was discrete funding to develop a discrere plot of land. Its all risk mgmt by the lender - at a price. Its just so much easier to be born wealthy!!
@flowerpot.... interesting but not as B&W... the loan draw may have conditions imposed.. of the sort we'd never be privy to protect the company and its directors not just lender. Never lose sight... ARB was undercapped at listing. Regardless of SP... its never had enough cash injected or cash gen from opns. Its business model is more akin to fleet vehicle hire... given its general low level of complexity and high capex churn of its assets.
Hexam... what a wonderfully balanced post for it's content. This whole website would do well to take note. Absent of raging bull and full of composure. Is it your brand of morning tea or morning session of tai-chi. Either way, well done for practicing what you espouse. Yes.. ARB board salutes other posters just for having some penache.
Meaning I suspect the customer has no need to contract for this amazing above surface bold as a blister lump of err discovered resource. I can't wait to see a next funding round. I mean honestly... who would put hand in pocket for PC ?
Legache... you seem a good egg... i truly wish this to take off for you, so you can get some fancy wheels to swan around.... but alas i do have my doubts this egg will ever be golden. It was afterall up the swanny when it listed on AIM. Best of duck to you sir.
One things for sure... £8k doesn't buy much serum.
This company is nothing more than a small feather on a ducks arse.... why do you all think this is a winger ?
Second customer... fabricated unlike the pozz perl IMO... probably way too much of a long shot than to be credible IMO. Track record speaks for itself. Fingers crossed for a dead cat bounce tomorrow.
Lets face of it.... none of us would get on a boat if Patrick was the skipper... total kipper of a CEO and explorer
Quetta - I read vacuous posts all the time... hes a shorter... shorters closing their posititions... blah blah blah. Vomit. Do small PIs actually short and if so how do they do it. I have lost heaps hoping thing to go up. If i had reversed my trades i would indeed be wealthiefr So... how do you it please?
Quetta... i dont think we know each. So you cannot make that claim publicly about me. I am a LTH. I merely commented on on BOD transactions and if they are a signal. Please check Boohoo SP post director buys and you will see my comment is valid. Do you work in Putins misinformation regime - since clearly spout trash ?
I'm not that generous with my thinking. As i am never entirely convinced BOD own money is used - and that the funding is provided. Seen c suite joining bonuses include money specifically for company share purchases. Some of buying could squeezed by institutions - whether or not dirs truely believe in positive fortunes ahead. I certainly do not equate as de facto sign of confidence. Politics first IMHO.
I'm not sure I agrre BOD buying is good signal. Shouldn't they be wiser and know to wait until more pain been inflicted on SP. As todays mkt demonstrates. Last time I saw this same BOD logic being applied was Boohoo dirs buying... and look how thats worked out since. Make your own views, but this is too complex to get a "ceasefire" so soon. And by the way... there is already meant to one for civilians which not being adhered to. Sell and buy back later or look away for a year or two is my thinking. Cash position of company is key to know. GLA.
Anyone know what is meant by onshore in the RNS...what has been happening until now and what will this change to going forward.. unusual choice of words to my mind.
Up to AET to convince that it has no bearing. In principal it should not. So to your question as you put it, I would say no, its manageable. However AIM rules kick-in at 6 months suspended. A potential big headache I'm sure they will be trying to avoid. The issue is then whether S'gal consider that leverage in negotiation on top of historic high oil price.
Well roll-on the next product update... down around 12pc today or 856 litres if you prefer.
You've seen my insta ? Cupping serum with looking good feeling good tag line... only just put it up.
Aaah... so there is a 2 for 1 deal. Lose money on your investment and pay top dollar for the product.
FWiW there's another AIM show in town offering premium face drops... their claim on the bottle... comes with added vitamin C. How's that to make you scratch your head and toner... off a white paper.
So free samples of such a valuable product with a retail price equal to £3,000 per litre... its like going into the bank of england and getting a free samples of £50 notes... but even better...