focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
It’s 11.15 so no not yet
I did but I think … predictive text got the better of me.
I had a look at the shares in issue and have the nearest to anything significant in any of my shares.
I have to say ‘apart from organising everything to be delayed for another year’ (blaming everything from Covid to giving a $h!t) it won’t be hard to oust the old board … the most they’ve done in three or four years is design a new logo, throw away the old stationery, and send out a letter saying what will happen in the future.
Lazy 4 hour lunches the lot of them.
I’m here because the assets and potential are so out of quilter with the share price … it’s crazy land.
Opinion box slightly redundant on FRR as you have little option to buy or sell…. It’s going to be a long ‘Hold’ for sure as these things won’t move very quickly.
Oh how things change when you used to get posts like ,,,,
”and we’ll carry Zaza in on our shoulders” … with pictures of shareholder groups singing his name from the rafters. Keep thinking the old adage they teach you as a kid ….if something seems too good to be true, it probably is (as I poured ever more thousands into FRR)
Hey ho …
Where’s my last post gone … is Witch doctor Zak Mir vetting the posts on here now ???
Luckily for him he’s not a real doctor … just a witch doctor.
If he was he’d be struck off…. If you notice all reviews say … by maybe as early as the next month. By that stage he’s done four or five more horse droppings reviews with non parallel lines joining up irrelevant points on a historical graph to produce an irrelevant outcome.
Wish I’d thought of it before him I’d be richer than I am trying to Buy and Sell shares that after 30 years of trading have no relevance in past performance to their future.
(Although I have noticed that if I line up the top of my wife’s clothes basket in the garden… with the top of next doors conservatory roof … that CTEA will be 5p … “by maybe as soon as the end of next month”)
Absolute gobbledygook!!!!
Although undervalued and I agree with what’s been said, there was always the issue that we couldn’t as Alba ever really exploit the Greenland assets.
After acquiring the initial part of the licence …We’ve flown by in a plane, gone “wow !!!” bought some more from Artemis ? via having to spend an original 50k a licence which we then had to spend a ruck of money on ..146k then a further 438k on but realising the potential was always (however you looked at it,) how it was going to be difficult from a shareholder perspective to see its value come to fruition.
Now I’m sure some of our endless raises subsequently have been spunked on the assets (not just wages) but if this IPO gets away and Alba’s value of that is 6 million then we all should count ourselves well rewarded as to my mind it stands us at no more than a million quid.
Is that thanks George? I know you are p#####g about in a wet North Wales trying to find some gold .. but on this you’ve done me a five or a six bagger. (Something most of us struggle to do with our share picks and investment decisions). Alba is still on a five bagger from the lows of March 2020 itself … but let the herd come and go … this little baby at some time will do just great !!! (Even those who bought on the spike around 0.50)
Smithy1234 within a day around the 17th of August went from
See this opening at a penny tomorrow
To
Drift down to the low 0.30’s ?? Wow I have some fluctuating views on some of my shares but I hope you have an agenda fella as if not trading shares might not be for you.
It won’t go anywhere near the low threes it’s trading down here due to the raise. The very same raise that will mean too many would be on the sell button way before it gets to 1p … and the same info about farmouts and what’s been said up to now to support it way above any drift down to 0.30…. My thoughts only but it will rise from current 0.4 levels no problem
Old weasel face not delivering in any reasonable time period. Still what do you expect last October (2020) he said he’d have information soon … then in his Christmas address to the nation mentioned ‘in a week or two’ … if I’m not mistaken it was March (2021) before that week was up.
What is he on ?…. Perennial rehashes of the stuff he’s bought percentages off his mates at cronyism’mates rates’ to keep all the businesses in clover…. Whilst not delivering on anything substantial.
He is a shocker … better suited … to a stand in look alikey for Dame Edna Everidges Cultural Attaché … hopefully he gets the gig at Xmas and leaves this to someone else to run.
It’s pretty much 3.4 .. 3.5 already on the buy.
You and I said many months ago we should be a lot higher as this on next years income stream alone should put us more than twice current values.
You could put some uninspiring people in charge and like the old board be able to do uninspiring presentations and we will still climb from this NAV / Mkt Cap
Oh sorry … yes… we still have part of that old board having just found them a gravy train job on the periphery … oh yes and we still do mind dumbing Proative Interviews just from a new boffin.
I would say I’m the idiot for having bought and averaged down … but do you know what surely … Donald Duck can bring this to fruition and get some money pouring in on the ‘credit column’ and as I’ve said before we will be successful despite the best efforts of the board to appear otherwise!!!
Yes I feel the fundamentals are good here.
The price is bound to be subdued post placing 80/90% of AIM placings go below the raise price following the event while stocks are worked through.
With the
Farmout sorted as you say, so you can see why we went north of 0.60 and with money to more than just keep the lights on already now there, it’s a really good place for where the share price goes next.
Sensible money will be buying here around 0.40 but happy to wait while the herd get bored and move on as those who bought between here and 0.60 (while the share price was volatile) aren’t the ones who have sticky hands longer term.
The fundamentals are great and 0.38 0.40 won’t be around soon… we will head off north as way undervalued. We are just distorted quite rightly by this recent raise and the fact the farmout was sorted becomes lost in the background as white noise !!!
I followed him in when the bb and everyone else seemed to be giving him a hard time before this Australian adventure… he had a load at 1.07 and I think about 1.09.
When he was averaging up (obviously thinking we were cheap and when out of his closed period at 5p and 6p) I assumed again in for a penny in for a pound … but I guess he sees this additional drift as unwarranted so I might have to follow him again with a few more.
Longer term this is surely way cheap…. Zak Mir called this way wrong as he said to 4p then to 10p “by the end of next month” …. that was six months ago but I’d forgive him if he gets his prices right !!!! just the wrong timeline !!!
(usually Zak Mir’s Sharetalk gets the price and the timeframe wrong alas)
Rockfire at a penny have a mkt cap of 11 million.
I have been here since the share price was around 0.30 and although I feel it was getting ahead of itself when we were just under 2p … I really don’t get how we have drifted back here (to a 7 million mkt cap) despite the news flow and mediocre news it’s been in the meantime…
I would have to say it’s been like the ‘catching a falling knife’ scenario…. But this Must surely turn soon.
Finally this thing will have bottomed
Couldn’t understand after the last raise why the price was heading north just at the point where normally it flirts above and then below the placing price, while they are worked through.
Should be transformational but (then again AP is involved) but now so much less pressure on the Romanian figures which had very little wiggle room in them and was more than a worry with our track record of missing deadlines
Ohhh great Wonga and Colin I didn’t realise the witch doctor had been banging on about it. I’ve lost track of the shares over the years that “could be at that by as early as the end of next month” … really Zak that’s every share you talk about ‘by as early as the end of next month’ … by next month he’s doing episode 4286 so what mumbo jumbo he spouted in episode 4283 are forgotten except by me who wrote them all down in my diary giving him to the end of next month and a couple of weeks grace.
Seriously he may as well have been trying to read tea leaves it was an absolute car crash.
So Garak Dire your new ‘share tea leaf reading share service’ may as well set up a competing site. The guy is a charlatan lining up an irrelevant line with the top of some other irrelevance only to then extend the graph so you can’t see very clearly that the lines are about as parallel as the circumference of an apple.
Well Zak if you line it up with the highs of 2014 we should be bankrupt at zero within a month if you line it up with last month we’re 10 pence.
Utter bO//ux
Firstly a picture … QFI board looking happy… celebrating what ?? That they are all in the same room together?
A turning share price on anticipation from 2.60 to the mid fours
Us shareholders as usual kept in the dark as to where this is up
Well someone knows something!!!! I bought a few more just now (I was loading up last week too ..) but that share price is heading north on more than just sentiment
It was Tuesday the 8th of June that we were asked for mining license fee.
Nine weeks is not a problem, I can wait what it takes and one would have expected a drift in the vacuum which occurs in the nine weeks since, as the unnerved are relieved of their shares as they see it tick lower.
All those who sold early however or got impatient about this stage will be thinking it’s time to get back in as they see Fridays rise and start questioning their decision… should be a good week as what drove that fear ….starts to be outweighed by FOMO.
Soon after the 8th of June timespans of 8-10 weeks were talked about for other Mali licence grants, is that about right??
Sorry Theorns was not in any way dissing you or anyone else who put any figure on. It’s not also daft to say 9p or a £1. That was sort of exactly my point.
We can argue on BB’s about what something is worth Oil companies, junior miners, exploration companies… but how do you value this beast.
I’m sure someone will correct me if I’m wrong (obviously been multiple raises since) but we were valued at 300 million in the early days when the price was 50p (and obviously less shares in issue back then) but last time I looked our mkt cap now is around 50 million.
Take up and ultimately income streams and royalties will determine the price, but me you or the rest of the board can get nowhere near as there are too many ‘unknowns’
250 million is going to be around the 20p mark … it’s over a billion for the £1 … but as someone said … the next release could (or will) blow the bloody doors off!!!! It might just blow up the van and the car park !!!!
The interesting thing here for me (and particularly now) is the Risk versus Reward. As I put on here three months ago whether gambling, buying shares or probability of success in business it is weighing up “what do I stand to lose?” … is it worth it to outlay cash?? …”what is the risk and reward?”
Now I’ve been here a long time 7/8 years and seen it go to 50p valuing us at crazy levels … spike a couple of years later to 14p and all the mire since.
It’s safe to say as a business we have been messed around with false starts and dead end partnerships… but at under 4p the risk and reward is so out of kilter it is a screaming BUY. Please don’t think I’m some saddo who needs it to get to 30p or 40p to break even and that that is what drives this post, I have traded it even since the 5.5 to 6.0 and drift back this last couple of months and have been filling the ISA up again as we seem to have turned, but just think to yourselves what the upside potential is here and weigh that up against the down. We are priced to fail and yet with the (great overview last night) amongst what we now know of efficiencies etc and the quotes of 9p £1 ?? Whatever you put (longer term) they are all probably undervalued as depending on how we penetrate the market and to what level is totally unquantifiable.
Personally I don’t see anywhere near a £1 but it has the potential to be awesome OR. a very good idea that worked but was superceeded by not striking while the iron was hot (right product right time) but went under as many inventions or solution
…. My point … Risk versus Reward here and at the stage we are at (trials underway) , with recent developments your upside dwarfs the downside risk.
GLA
Did AP not say ‘no raise needed? Recently ’ … definitely no raise.
He lies like a drug addict pretending he needs money for his bus fare home. He’s the calibre of exactly what we are ‘a shambolic mess’
It’s probably all about as good as we could have achieved, but that’s because AP couldn’t run a bath. Go on AP lie to me some more… I’ve no option but to hold as like a halfwit I actually believed some of what you stated previously…and averaged down. I should have realised Floor 11 or 12p was actually a good place to exit the lift… but no we carry on hurtling lower.
Fred Flinstone and Dino’s Rock crushing plant !!! We’ve struck errr stone lots of it, and if you crush it we can make smaller stone.
Flog the equipment to a museum and do us all a favour AP and go back to your City job… must be some boiler room scam companies still operating for you to get involved with as you really aren’t CEO material