George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Probably short? Nothing I read here deters me from what I consider is a sensible and long term investment. Trying to move the price with inane comments will have no long term effects. Hang in and reap the rewards. ??
Worth a read if you speak French…
https://today.fr-24.com/international/386819.html
Otherwise Google translate!
Looks like M and G has underlined the value here.
Pensana announces that M&G, one of the UK’s largest and long-standing fund managers, has agreed to invest £10.0 million in the Company by way of a placement of 12,345,680 new ordinary shares of £0.001 each in the capital of the Company (“Ordinary Shares”)(the “Placing Shares”) at a price of 81 pence per share (the “Placing Price”). Following the admission of the Placing Shares to trading M&G will have an interest in approximately 5% of the Company’s enlarged issued share capital.
I bought here because I believe this is going to happen. The unknown is what debt will be carried but strategically it’s a must and as the work advances so will the share price. We may have to wait a while either for this to play it’s course or for someone to snap us up which would be a shame as this would mean we won’t see the full benefit but either way, IMHO, in time I believe £2 is not unrealistic.
Let’s not forget that not long ago this share was valued at nearly £2. Since then things have progressed considerably. So how far this time? My concern is that we will be taken over and never achieve full value.