Member Info for FootieladBaz

Now in the Independent as reported on MSN:

https://www.msn.com/en-gb/news/world/greenland-earmarked-for-new-minerals-project-as-us-eyes-island/ar-AA1G5eqI?ocid=msedgntp&pc=U531&cvid=7a5d3ed106ad4d8fbf84db9726a4be34&ei=36

YES! Better to have a slightly smaller share of something that’s fully financed for the time being, than risk being called on for more funds from Alba.

This is an institutional investor, which is also positive.

…or if Groc Mcap goes to £500mn maybe we just sell 1% !!

I’m so down here I can dream can’t I?

So thinking out loud as a frustrated long term investor....

Alba owns 28.01% of GROC whose current market cap is: £7.07mn.

That makes Alba's share of GROC worth £1,980,307. Alba's current market cap is just £2.14mn.

The market therefore values our non-Groc assets at just £159,693. Crazy eh?

Even if we only have enough gold to produce the final 7 coins from the current set, that is just about that value.

My top tip for GF now is don't dilute any more but sell 10% of the GROC shares and get that waste tip processed asap.

Or...GF...LEND the company (as a Director's loan) around 100k to show your dedication and commitment.

Just some thoughts from Frustrated of Woodford Green!

….unless of course we announce the production and sale of the remaining 7 coins??

In the RNS last week it says,

"Following the renewal of its exploration rights, the Company is in the process of finalising the next phase of blasting at Clogau (to be announced next week)."

So....this is the week for more info on blasting. We need more than to be told that blasting will continue...let's have something more positive please!

Glad we got back 103k from Horse Hill during the year!

Annoying unsold. we should have sold for the 18k.

That’s easy Ian. Let’s say the current bidder has offered a top price bid of £20k. Bidding will not start at that level, it will be at the lowest bid price. However, if other bidders bid higher prices (but below the original bidder’s £20k, the price will rise to reflect the competition but the original bidder will be the owner of the identical bid. Until of course he/she is completely outbid.

It will hit Shein as Trump signed an executive order to include tariffs on orders below $800.

it will hit Asos big time because imports come from Vietnam (47% tariffs) and of course from China.

Up to £22k and 15 bids now.

i wouldn’t normally do a blow by blow post about sales…but…this is our first real revenue!! GLA

don’t be such a grump. i too have lost a fortune here but this is the first opportunity…ever…for the company to earn revenue.

let’s see how they go. after all, if things go well there may not be a need for a placing. we’ll see and here’s hoping.

there was no legal requirement to issue what is effectively a sales rns. it should continue to get attention.

this is not the time to **** off, why not instead try promoting the product to wealthy collectors?!

come on people. all the best, baz

RobertoLarcos - at last you have told posters here what I have known for ages and everyone here is ignoring...

The target market of young customers ASOS has always claimed as theirs..has moved on or is moving on. ASOS is no longer cool. Shein and other brands have taken them away and they will never come back.

I agree with Ocelot on this one. GF should not even think of buying as this could be seen as market manipulation, being the one and only item producing revenue for the company. Quite different if you're Lord Wolfson buying a cardigan at his local Next!!

Interesting in the documentation that only 10 coins of this design will be created.

Then other designs will be made so this first series will retain their rarity whilst allowing production of more coins.

Actually quite clever...for a change!

From the HUB:

Confirmed First Auction Date for Our Exclusive 1oz Welsh Gold Coins

Dear Subscribers

As you know, in December 2024 Alba minted three exclusive 1 ounce pure Welsh gold coins, marking the first gold production from the Clogau-St David's Gold Mine in over 25 years.

To date, only three limited edition “Tyn-y-Cornel” coins have been produced. Each will be offered for sale at an exclusive online auction, with the first coin to be auctioned between the dates of Sunday 30 March and Thursday 3 April 2025. Interested parties may register their interest in the auction at https://alba.irostrum.auction/.

A copy of our press release, which has been sent to national, local press and TV today, is attached.

Kind Regards

The Alba Team

Still waiting for the auction news..what the hell’s going on?

This is an excellent question and no one knows the answer yet.

Looking at the facts, there will be several types of collectors who will be interested:

1. International numismatists.

2. Gold investors

3. Wales collectors

4. Museum collections

The coins will be numbered and in presentation packaging,

No.1 will probably go for more than the others. But…will they be £10k or £100k? Nobody knows yet.

Why is one painting worth £100 and another of the same size worth £100mn? It’s all about how much demand is from those who give it value.

Let’s wait and see and of course let’s hope the sale is all over the Press in the UK and internationally.

All the best,

Baz

I mentioned earlier in the week that i had just bought almost 29m more shares. I did this in the hope there would be NO placing in the next month with the coin sale coming.

Any placing now would be foolish with the coin sale along with latest news from current processing due by the end of March.

Don’t get me wrong..there may be a placing if sufficient funds are not raised from the above, but it’s not going to happen until the share price rises again.

So hold onto your hats and hope for the best for a good March.

All the best as i’ve said here for almost 10 years!

Baz

Dear All,

I have been feeling despair here lately, as a long term holder and having lost 95% of what I thought would be my pension.

However, I do feel (and hope) it's now oversold and that's why this morning I have purchased another 28,089,888 shares.

Surely a market cap of £1.8mn does not reflect even the GROC worth?

The coins ARE due for sale at the end of March and we will see what that brings...

I know we've been hopeful at SO many points before, but finally I hope I've done the right thing and spent more rather than bailing out.

Good luck to all and I hope this FINALLY could be our year.

All the best, Baz