Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I can see the value in spinning off the Greenland assets in exchange for equity. Gives ALBA liquidity and the ability to generate cash without further dilution. A positive outcome at Amitsoq could produce a JORC which makes todays MCAP look tiny...
I originally invested here because I thought the potential for Amitsoq was huge. The broker target price at that time was 15.4p and the SP was 0.16 ish...looked like a good deal to me. 7 years later and Amitsoq and TBS look like they may release some value...HH and Brockham have provided an unwelcome distraction and it looks like we may have a gold mine...I have not been put off, I think GF is genuinely trying to release some value for shareholders and I've decided this week to add significantly to my original holding GLA
What we do know from the RNS is that there is still gold in the mine, that they've used excavations from the old workings to test the plant they have built to process the ore and that this is working. There is no valuable waste being lost from the process. So all good so far. Testing of new areas of interest to follow...which may be transformational in terms of the overall value of the asset
This looks like a major step forward...ALBA look like they have the skill and technology to maximise returns from the existing workings. With new areas still to be tested it looks like they may have quite an asset on their hands...GLA
No-one is buying in these quantities...they are the result of a buy or sell order sat on a trading deck....there is very little stock around so they are filling the orders as and when the can. It's been NT to buy all day as there is very little stock around
There are some delayed trades....impossible to buy anything this morning
Not sensible to apply standard accounting multiples to a company like SYME. This is no different to investing in ARGO...it's a punt on an innovative blockchain platform....SYME has first mover advantage and could be worth billions IMO