George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Dropped below .5 so took opportunity to buy more. Earlier 1M trade cancelled - games afoot?
Absolutely agree
When this moves it moves - 50% in under an hour last week. We just need an update from the company on the new direction and the skys the limit!
Chesterfield owns 4.5m shares in Sterling which it received in addition to CAD$400,000 (£236,686) according to the agreement announced on 6 March. According to that agreement, Sterling agreed to purchase an option to acquire full ownership and rights over the Adeline project in exchange for these payments. In the event that Sterling decides to complete its purchase of the Adeline project, it will pay Chesterfield a further 4.5m shares and CAD$400,000 (£236,686) no later than 20 November 2024. As of close of business on 15 May, Chesterfield's stake in Sterling was valued at CAD$562,500 (£332,840). To put this into context, this means Chesterfield holds a 4% stake in Sterling which at close of business on 15 May had a market capitalisation of CAD$13.96m (£8.26m), a valuation amply supported by its strong cash position and nothwithstanding the imminent exploration activity.
Also noted that the Companies House website lists the company nature of business as the following:-
82990 - Other business support service activities not elsewhere classified
Website has been unavailable for the last couple of weeks - could point to some major changes
Another 40%+ day today for starters
Difficult to say regards reasonable share price as we await confirmation of new direction following the transfer of shares from Polymetal to Juniper International FZ LLC. All you can say for sure is the current MCAP is far too low based on cash/assets held and main market listing
Still some way to go for a fair valuation though
That's more like it
People forget we have a main market listing (not AIM) and cash/assets are now worth more than MCAP. Cant be long before we get a further RNS confirming new direction
As we own 4% of Sterling and had £300k + of cash mid year, the mcap appears ridiculously low. Given the new investor / direction, surely we should be looking at least 1p minimum for starters
RNS - BOOM!!!!!!!!!!!!!!
If it wasn't going ahead you would have expected an RNS first thing as they like to get bad news out of the way on a Friday
All you can do is base it on the price at the time - which suggests it as a sell. Also explains why the price hasn’t moved all day even though buys outweighed sells
It’s done now so hopefully onwards and upwards
More positive news!
Lol
It's obviously a sell looking at the trades either side of it!
GCG is worth a look IMHO if anyone is considering the next potential ITS
Just sold some and invested 75k in GCG as looks like it could be the next ITS/DISH