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There is no news from the company and no company reason for the share price change. We simply have to wait.
What is happening is we are just over 2 weeks from the end of the tax year. Some investors like me are down a fortune at Alba (my other half and me around 70k down…really).
For those investors lucky enough to have gains on other shares this tax year it makes sense to sell Alba for a loss to offset the capital gain. A bed and isa puts the shares into an isa or buying back in the new tax year after a month resets the purchase price and keeps the loss for tax offset. In either case the shares have to be sold this tax year.
So few transactions take place for this share that the above actions will move the price in a big way. This is what’s going on.
So this period will pass and REAL news will affect the share price, not tax planning. GLA.
Am I the first person to remind you that Lord Alli decided India would be a good bet and failed miserably with KOOVS?
Asos can't do Asia - simple. China was a disaster and India would be a disaster. The price points are hopelessly low and there are no margins for ASOS to benefit from. The Indian option is a dead end for ASOS, not least for PR where clothes made from the bleeding hands of Indian children would probably be the only way to achieve the price-points needed to sell there in quantity.
Any partner will use the name and do their own thing. Don't expect Asos to make anything from it.
…and I received a very positive email this morning from the CEO.
All looking good for the next few months apparently.
Messing around on a Sunday...here's my Sir Humphrey answer to your point bobrad:
Well I have to say that we do HAVE gold except right now it’s not haveable. More that we have it and yet...we’re somewhat almost ready to engagingly have it in order to benefit fully from having it. However, in the fullness of time, when we REALLY have it, then we will have it to its fullest extend and then my fellow investors...we WILL indeed have it.
Well I have 32 mill but won’t be selling - certainly not for a 65% loss!! BUT if someone is desperate to raise cash you can see why this is an easy way to do it even if it does generate a loss…messy divorce??
Anyone wanting a take over needs to trigger 30% ownership. GLA and hold firm!!
Who the hell is mass selling yesterday and today?
it can’t be the purchasers of last July’s share placement as they went for 0.125p.
Are you that desperate for cash when we have good news approaching?? Or do you know something else?
With respect bubble, the number of shares in issue is completely irrelevant. Only the market cap is relevant. So if someone wants to spend £80,000 on our shares, they’re going to get about 1% of the business. If they want to spend £8000, they’re going to get about 0.1% of the business. the number of shares makes no difference, it’s all about the value and the money!
Any gold coming out could be auctioned at Spink by the 500g or 1kg and certainly by the nugget. Clogau Gold (and others) will be so desperate to get their hands on it we will get multi multiples. on second thoughts, let’s auction it off ourselves on our own site. Forget an offtake agreement with these guys and others…we don’t need it.
Less than 1% welsh gold in their products and made in China…they are desperate for us to get mining.
As I thought...my buy at 8.32 for £1054 of shares shows up here as a sell. Rubbish really.
We've discussed here and on other boards for YEARS about LSE's inability to predict whether a transaction is a buy or sell as the market does not report this. Assumptions are made about transactions either side of a mid-price.
I really would like to see NO info about buys and sells and only the transactions reported and at what price. At least this would be 100% accurate. Best wishes to all. Baz
I just bought another £1050 worth here. For my sins! If as usual, you see my purchase as a sale, it’s really a buy.
I’ve been here for so many years, and have met a few of you, and I’m keeping the faith!
I suspect most people on here, like me, have stretched over the years to buy as much as they can. The issue, in my view, is bringing in new investors. So a blockbuster RNS is indeed required to make that happen, along with some national news.
No need to lower the price as usual after a RNS!!!
Go and have a quiet cup of tea and let the price tick up over the next few weeks…why would anyone really need to sell now??
Copper? I didn’t see that coming although my Welsh other half has just told me in south Wales they used to call copper Welsh gold.
This is the follow up article you want to see referring to Alba:
https://www.bbc.co.uk/cymrufyw/61071373
I used my Google lens which gave me a perfectly good translation
Yes, I’m reading the paper now. “This month, China announced curbs on some exports of graphite, a key component in electric-vehicle batteries on which Beijing has a near stranglehold. Up to 90% of the metal is refined in the country”
I say, come on world…wake up!!
The size of the Amitsoq license has increased by 50%!
This includes flat land down to the sea, which will enable easier export of the product from the site, in addition to other mining opportunities in the wider area. This is big!
Baz
Whatever the case…it is good to know the machinery employed is CAPABLE of pumping x2.5 the licensed levels. In the meantime pumping continues anyway.
With the weather finally due to change around the middle of next week, hopefully drier conditions will mean much better progress with the dewatering. We must be battling against the huge recent rainfall but with precipitation reduced, I look forward to the long-awaited “job done” RNS by the end of the month. GLA. Baz
Yes looks good. I had no idea the river was SO close. Good news and let's get on with it!