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RNS 22.11.21……..Subsequent constructive discussions between Alba management and NRW have clarified the key points which led to the refusal decision. The Company is therefore working to update its submissions to provide certain additional information
and now top of the daily risers chart. tbh I was not expecting that when I logged on!
only a few more of these SP rises and some of us may break even.........
cross cut to shallow lodes is looking to be around 65-75m long, so should be doable for <100k.
Then its re-sample time again.........
A cynic would suggest the huge spread is the MM trying to get the highest profit they can before this starts moving upwards and they start running low on shares to sell on……
yup - don't expect this to be allowed to rise until the shares hit the market. May be a good thing as it will take some of the volatility out of potential off-loading it if did rise before the end of the month.
(from RNS - It is expected that admission will become effective and dealings in the Placing Shares commence on AIM at 8.00 a.m. on 18 November 2021 (or such later date as may be agreed between the Company and the Bookrunner, but no later than 30 November 2021)
And from a Welsh gold mine, so worth 5x the price of your standard bat…….cash flow incoming.
“The resulting powder samples will be tested with a pXRF to get indicative iron content, to help the finalisation of drilling locations once the drilling starts on the new targets. With an estimated 10 to 12-week turnaround for the laboratories to process any samples in Western Australia, the Company deems this method acceptable to aid in finalising this drilling phase.”
I read as ‘we’re confident with the lower tech (pXRF) approach to give accurate enough reading to identify drilling location, and don’t want to wait 3months for lab work. I.e we want to crack on!”
well that's now stuck in my head.
thanks!
https://chill.com/pages/ambassadors
suspect the 'famous western heritage families' is reference to the Mortensens' listed on the website link above
whilst skipping merrily up the garden path, take a moment to marvel at the abundance of bats and otters that you keep tripping over.
realised this may be considered 'rampy' but only posted for conversation. I have no other knowledge of who the annalist is, or why they consider this price achievable. It would we nice though.......
weblink stolen from a different board (different ticker) that gave rise to several questions about decimal places being wrong (target price considered too high from where that sp currently is). Anyway, someone seems to think 4.5p for BZT in 12 months is achievable.
https://markets.ft.com/data/equities/tearsheet/forecasts?s=BZT:LSE
would give a £2.2bil mcap (unless my maths is wonky!)
Hi Shatter,
not blaming shorters, but hoping that with the drop they have filled their boots and can now clear out!
i only hope that the negative sentiment (SP drop more so than messages) gets picked up the BoD and they realise that they need to pull their fingers out and show investors whats going on behind closed doors.
Although RNS shows sales figures, it leaves us guessing again on profitability (something for the end of year report?).
The little tempter of written confirmation that store targets is still on course is encouraging.
However, with the share price stumbling backwards, i have had small top-up/average down gamble.
best of luck all (and well played shorters, you've got to make a living as well, but now please find another share!)
@Jeremiah99 - you bat ****** ;)
fair point though, wait for them to leave (hopefully only a seasonal roost) and block up the entrances.
Need to see the full NRW document to fully understand, but unless the plan was to shoot discharge water into the air, where do bats come into it?
If they are roosting in the mine (highly likely) then we’ll have further issues with getting an operations licence (if and when required…..)
^divested = diverse
Find one that’s blue and read that chat today instead. That’s what I’m planning now!
Today shows the importance of a divested PF. Hopefully it will recover quickly, and those that can avg down will start to see some blue against their stock. Try not to get too down on today’s drop. See what tomorrow brings (then maybe start to panic if GF hasn’t acknowledged this with an action plan & the price keeps falling)
Abstractions below 20m3 are excerpt from permit (so I understand). It may take a while longer, but assuming the mine doesn’t have a continuous inflow, it’s not insurmountable to tanker away. Maybe even use the siltbuster(tm) to reduce sludge and reduce disposal costs. Obviously not as quick or cheap as pumping into the landscape, but doable.