George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
you have to wonder what people expect from rns' sometimes and why the market reacts as it does.
we all wanted to know the pad was progressing and the rig secured so when it’s announced for mid sept ( a whole 4 weeks away ) you would think after waiting a couple of years the reaction might be positive.
initially it seemed so but then some sort of buyers regret seems to have set in and after touching 9.60 we close at 8.90 down 0.35 on the day.
taking no note pec if the daily *******s - holding and waiting for the sp to doubke ( and more ) when we spud,
I think the MM,s are having fun today 500,000 @ 8.75 with a bid of 8.50 and ask of 8.90 “unknown” ? It's a buy.
The warrant ( for 500,000 shares out of 818,000,000 ) doesn't come anywhere near knocking the sp down from 10.00p down to 8.50p either it’s 1/1,600th if the shares in issue ffs.
Ignore the crap.
Nice little earner for someone if they sold and quadrupled their pot ?
Not really they could make much more if they waited but seeing how the market reacted maybe they sold at around 9p yesterday. All just noise anyway.
Onward and upward.
When the sp drops as it has today ( a little ) and then sticks at that level for several hours the first thing I suspect is a large buy being filled at say 9.25 or thereabouts.
Wouldn't be surprised to see late trade declared for that after the close.
Not worrying as everybody knows the potential here and the drill is some weeks off - just the MM's doing their stuff is my guess.
I keep an eye on the sp with buy limits set at 10% below current price.
I thought it would bottom around 40p but as it continues to slip I continue to adjust downward.
Currently have orders to buy at 34p 33p and 32p.
As we near 34p that will be change to 31p. At some point a sudden move will trigger a buy limit and then I'll look at buying the whole 5000. If it’s 10p as some predict that drop my average below £1.25 for £500. I can live with that.
Just waiting for Jun 2024 and hoping for some positive news between now and then.
If the sp continues to fall I will add when it looks like it’s bottomed to get my average down, ( as long a it doesn't cost too much ( 5000 cheap shares would make a big difference ).
10p ?
If that’s the case I'll buy 5000 to massacre my average.
When we win the court case the money in the bank is more than enough to make the sp well north of such a figure and I'll get my losses back.
here’s my hat, here’s a rabbit ! what a loss of cobblers it will take years to realise theses “finds”.
been here too long, 3p down to where we are, to get excited at anything this company says.
holding my shares ( down 80% at 0.35p ) when things used to look pretty positive.
bottom drawer not buying, not selling, not impressed - this is a **** or bust share now.
I have a buy limit set a little lower than where we are, to buy back as many shares as I can using the cash I got for the 4000 shares I sold at 92p on the way down in an attempt to average down as much as possible.
Down 80%+ but prepared to wait for the trial outcome. GLA LTH.
I sold 80% of my holding 1/2 each at £1.15p and £0.92p, with a view to buying back and adding to average down.
Historically SP has been lower - but 59p looks like the bottom to me until we get news ( June 2024 ? ).
Is it time to buy back averaging down about 40p ( and add to ave down more ) or will the price slip further ?
Genuine question - opinions welcome.