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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.
Time will tell. GLA...we’re gonna need it.
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.
If there is no news in the morning. Wait, hold for that gold and we will all be rewarded for our patience. I hope, with fingers crossed. It would be great to see that signed/sealed/delivered RNS in the morning. If it’s there, I will be loading up with more shares for a 5+ year hold. Signing in at 7am. GLA
If the RNS is not there tomorrow morning, there will be a few nervous nellies having a big wobble. I am sticking with my investment, holding firm come what may and will buy more for a very LTH on GOOD news. GLA.
No doubt there will be an end of Friday dip in the SP.....as is usual. I was hopeful of news this week, but didn’t expect it really. I’m a patient person, I can wait another week or 2. We’ll see what happens on Monday morning. GLA and have great weekend.
Alba should go into business making Emmental Swiss style cheese. All they talk about is drilling holes and that’s great for this style of cheese and so they should do well in the cheese business. Just making holes and talking about making holes in the ground is doing nothing for the SP. In the long run I know it will work out and the hole drilling will help us find the metals they are looking for. But it just hard watching the SP take a battering, with RNS after RNS talking about holes drilled. Rant over. GLA
The usual reason for such things are selling up and getting out, due to the constant delays that have happened (for reasons known) and that creates impatience, which then can turn a believer into an non-believer. People then sell up as they are just fed up waiting and waiting.
I’m not saying that’s the case for Ss2000.
I’ve been there and done that, sold at a small profit in something, only to see it 40-50% up a month later.
Patience is everything. If the fundamentals are there and they are okay with someone’s the risk Vs reward, patience is needed. All my own opinion of course.
GLA and DYOR (as per normal)
A bit of an Over ramping subject title there. Just looks to be the usual fluctuation of 1.9-2.1 to me. We will only be taking off once that positive funding RNS comes in. Cant be long now until news either way. I’m still trying to stay positive on funding being done. GLA