RE: Hmmmm15 Nov 2023 22:49
Just another thought.
You'd need a little over 232M shares currently to have a 3% notifiable holding in Alba to get a TR-1.
The vendor of the other 10% acquired last year is/was close at 200M.
As from RNS.
ALBA to acquire remaining 10% of the Clogau Gold Project, taking its total ownership of the Project to 100%.
· Alba to buy back a 3% net smelter return royalty owned by the vendor, reducing the royalty to 1%, as well as a residual ~£72,000 of loans held by the vendor.
· Total consideration payable is £400,000
o Payable by the issue of 200 million Alba ordinary shares at a price per share of 0.2p (the "Consideration Shares"), being a premium of 25 per cent to the closing share price of 0.16p on 22 August 2022, plus 81,930,830 two-year share warrants with an exercise price of 0.4p per share.
o Consideration Shares to be subject to a 12-month lock-up/orderly marketing restriction.
so this person could well be the singularly highest shareholder in Alba, but also as Robbie has been saying, a lot of shares in chunks of a few million have been getting sold over last couple of months.
This vendor may have been getting out (as its a bit over 12 months since deal done) out on a paper loss as he/she might just be selling as there own personal cash in hand might have better value to them currently than the 10% ownership was at the time?? Who knows "not us lot anyway ".
Just making conversation. Dyor etc