Member Info for Jeremiah99

That's the kind of scenario I'm hoping for, perhaps with a nice little offer for our Botswana holdings in the meantime. :-)

Not the best pair of interviewees, it has to be said. I expect their real talents lie elsewhere :-)

Strange that we are still sitting at these low levels. A check back to the 8.15p high of March 2021 shows the Mcap was around £85m back then v £24m now with copper prices at around current levels. Since then we have entered into a generous JV with AA, fought off spurious claims to our license areas, hit very encouraging grades of copper in the first couple of rounds of drilling. IMO we should at least be heading back towards that historical high Mcap and then beyond as further drills uncover more metal.

*Sry, that post was more Groc centric than Alba...

Net profit of $3bn over 22 years is about £100m a year. If it weren't for the necessity to raise capital one way or another to build the mine and processing plant, we'd potentially be a £1bn company one day IMO. Say we'd have to sign over most of the company to a cash rich partner, and we'd still be worth 50-100x more than we are today. Realistic potential or just a pipe dream? Let's hope Trump gives us a boost and doesn't throw a spanner in the works instead. :-)

Whether you sell or not, your tiny share of the company's Mcap just got 30% smaller. If you hold 1m shares you now only own 1/251th of the company v 1/194th before the placing.

A £50k investment doesn't offset the 30% dilution we have just suffered. Our 34% stake in Groc has now dropped to around 28%.

Just noticed this though -

"The subscriptions by George Frangeskides, Stefan Bernstein, Mark Rachovides, Mark Austin and Andrew Panteli for Placing Shares (the "Subscription") constitute related party transactions as defined by the AIM Rules for Companies ("AIM Rules"). It has also been agreed that the shares the subject of the subscription will be issued in lieu of cash payable to the subscribing Directors in respect of their fees"

Not quite sure what that means...

Pretty miserable price of 1.3p which is where we'll now be heading back towards. This results in a chunky 30% or so dilution for long suffering shareholders. Quite a generous low warrant price too, so more future cheap shares for those privileged enough to be in the inner circle. I'm not too happy about it...

Looks like it was the right move to divest Casa and get out of Congo. Trouble in Eastern Congo fomented by the Rwandan govt, using the M23 rebels as proxy, seizing the gold producing areas while the distant, weak and corrupt Congolese govt is powerless to intervene.

Today's sells amount to just 1/250th of company value. It's bound to drift down if things continue to drag on at a snail's pace and company strategy inexplicably appears to be trying to diversify into other projects when they barely have enough to get Clogau up to speed. All I can say is for those still having faith, it's a good time to top up.

C'mon Trump/Musk get yer cheque book out (make it $9 figures) for our graphite before someone else jumps in. You snooze.... you lose! ;-)

IMO the tip is not worth bothering with in comparison to the grades they appear to have discovered down below. The tip was mooted to be a fill in project while we awaited the environmental clearances a couple of years ago but they now seem to have their hands full with the newly blasted ore.

I had hoped early auctioning of coins would provide a boost upon which I'd pivot into more Groc shares prior to their (expected) inclusion onto the list of European strategic minerals projects in a couple of months, or some new funding support. That strategy now appears to be out of the window and it may be Groc that rerates first instead, providing a lift to Alba. But my strategies have never worked out in 15 years of AIM investing, so who knows? Expect the unexpected is all I have learned in that time. :-)

I agree with him but will I still be alive and kicking when it does? :-)

I notice timelines are slipping, a couple of years ago Stefan mentioned 2027 as being the target year for production. Then a couple of weeks ago 2028, now late 2028/early 2029 is mentioned in the proactive article.

A reporter on the radio the other day suggested that the present population of Greenland (almost 90% Inuit) suffers from high levels of drink/drug abuse and has high suicide levels. So at the moment it sounds a bit of a dysfunctional place. Not sure what the answer is but given the rich resources there they could be doing a lot better.

Https://www.mining.com/web/us-lobbied-greenland-rare-earths-developer-tanbreez-not-to-sell-to-china/

Greenroc mentioned near the end of the article.

Doubly irritating to see the gold price on a roll while we will be pottering around for many more months to come before any gold is produced in quantity. I really hope we have enough in the coffers to continue without further dilution until that day arrives but I'm not betting the farm on it. :-(

Not sure how much detail they can divulge due to confidentiality but a general sense of whether they're unsure/hopeful/quietly confident/pretty optimistic/can barely contain their excitement about the gold at Clogau would be good to pass on.

I see Donald Trump Jnr is planning a visit to Greenland and that the Greenland govt is looking for independence from Denmark, but they also say Greenland is not up for sale. Hmmm....if I wanted to maximise the offer price and also keep the money for my own people I'd be saying the same things. ;-)