Im sure I remember something being said in an RNS last year, about looking in the spoil heap. The plan was already in place to do so. So I was not surprised when they mentioned it recently. I will have a look at past RNS’s to find it.
I wouldn’t hold your breath on that hope. In recent times (as we all know), the market has been cruel to Alba and its shareholders by dropping the SP on what is essentially good news. We should know by 0900 which way the day should pan out.
Great read though and lots of positive wording in there. GLA
There is more going on here than sentiment. For me, the fundamentals have improved this year. Lost/lack of....sentiment, could maybe explain the SP drop this year. Then add the constant talk of drill here, drill there, dig here, dig there and no talk or sign of gold could explain it further.
As for the share price rise: the pitting of the waste rock in search of early revenue stream is nothing new, they have mentioned doing this before and the rise could be from the talk of assaying these areas and thus producing actual gold results (most likely being low very) ???? Also Denmark has opened up and so that could potentially open the door to Alba working on the ilmenite and graphite projects over there. That could explain the rise we have seen.???You say no news, but Denmark opening is great news....Greenland is part of the kingdom of Denmark dont you know :o) Maybe a little optimism from the MMs is causing the rise???
Maybe an RNS very soon about getting into Greenland???
RE: Stuck in that March SP pattern again.20 Apr 2021 21:54
Caught in a down draft from sales. May see another dip tomorrow before bouncing back again up to around 2.05 area. That’s my thoughts, for what it’s worth.
Elections were always going to be a sticky point that could potentially cause a delay and our fears were proven. That an waiting for local Ethiopian investors to get on board. Harry did say that the EG wanted local investment going into the mine and I think it is the EG that is the true cause of the delay and Harry can not say. But that’s all conspiracy theory stuff and my own opinion on it of course.
The big spike up to 0.55p at Christmas 2020, had a lot of talk gold in RNSs, we had a nice video presentation. All this grabbed a lot of attention, sentiment was riding high and it got us all excited about the future prospects.
Now we have GF and Alba releasing an RNS stating they are now resorting to looking in waste rock piles (what is essentially the bin), for any gold the old miners may have missed because they didn’t crush it down all those years ago. It just shouts a bit of desperation and is the reason now that the share price is where it is now. I am a very unhappy investor, who got pulled in back in September and now wished I had sold last Christmas.
The big picture though....the main play and the big payday for Alba though is Greenland. We wait to here what is going to happen there.... should be news coming soon about plans with Greenland, but you know what happens when we expect to hear something?????.....We hear nothing!!!! I’m invested for Greenland and it is the hunt for gold in Wales that is looking to be Albas Achilles heal. Time will tell. GLA
Manipulated delays, RNS’s details planned and released strategically. It’s all a game, a plan by those up high...Harry, EG, the consortium....they are not bothered about the share price, or us small investors (for the most part). They care only about those in their close circles. I believe it (finance/the mine) will happen. I played with the idea cashing out my profits yesterday, but thought I would see it through come what may. As others have commented, reward outweighs the risk to the down side. Still in profit, so will see what happens. Share price has only dropped to a pre funding support level, where we were awaiting funding news, so the market understands the Kefi situation and its back to the waiting game. Kefi have outstanding assets, just slow/relaxed management in a slow/relaxed country. All IMHO of course. Disappointing day.
GLA still invested. We’re going to need it I think.
It’s great to have investors buying in so much to generate a shares in company RNS, it is a signal that something could about to happen. But until that happens, I will keep my calm and not say things like ‘she’s about to blow’.... or .... ‘on the move’.... We know we’ve got about 5 weeks until we here about the extra cold weather upgrades and then the samples from the proposed site of the first plant will be sent away for testing. Fingers are crossed though and good luck to all.