The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
“if you compare alba with erris gold (who divested and issued shares in zinnwald) Erris shares were sat at 8p and I dont think they have as much going for them as Alba.”
I just had a quick look at Erris and they have just 38 million shares in issue compared to Alba’s 6 Billion. (Market cap of 3.46m) they’re not comparible, they may not have as much going for them compared to Alba but the price will be 8p because there’s much fewer shares in issue
Sooooo this month is the month. Let’s hope this time next month the price is much better than right now. On the other hand is Alba delay it and we still don’t have the assays by then, I dread to think what may happen
Yes I made a typo and said dilution when I meant consolidation, I couldn't edit after I posted but my point still stands we wouldn't get consolidated 10000:1 to get the share price to £1 like the other poster said, it would be more like 250:1 at these prices. Wed all be massively in the red if they consolidated every 10000 shares and gave us a pound for them lol
Bought a small amount more earlier even though I’m still feeling very meh with Alba and don’t like averaging down as where do you stop with it if they price keeps falling. Next time I buy any more is if it goes into the 20’s. The thing with Alba is it doesn’t take much for it to blow, the problem is it never wants to stay in the 50’s for long and the further it falls now the lower any rises will be
They really do need to release something ANYTHING positive about Clogau to stop the rot. And I don’t mean dusty old pics of gold from Clogau that Stellar probably found.
Just had a look at the chart using the 1 day interval and the SP has dropped every single day this month, where is it going to stop? It can’t go on for another 2 months like this
I don’t think you understand how the warrants work- certain investors who have them have the option to exercise them when they want to (if they want to) before a cut off date. This is why they are exercised in dribs and drabs. I think you may be getting mixed up with placings.
Yes yanis, they know what to do to appease us holders and what will stop the SP trickling down daily but they won’t do a simple post with a pic of the plant running. It just makes me wonder why they don’t do simple things like this with what people would like to see. They’re usually quite good at pictures of updates with what they want to show us such as drilling updates so it makes me wonder is it in use yet or are they still testing it etc
I do feel like they are trolling us everytime I see them post a limerick update :’0)
They know we are all waiting to see the pilot plant up and running and some gold coming out of it and instead we get a bleeding Limerick tweet. I just don’t see anything ever coming of limerick which is why I feel like they’re having a laugh giving us updates of something that’ll probably never happen instead of what we’ve all been waiting months for
Yes it still hasn't been mined but once the mine reopens do you think clogau gold will be selling for that? Posting that article is blatant ramping, yet I get accused of deramping when I am simply being a realist about the premium so people new to this share don't get sucked in by stuff like this.
Whenever I see anyone post that bleeding article about the welsh gold premium I feel it should be pointed out to any watchers / lurkers thinking of investing here please don’t get excited by that 30x welsh gold premium - that was a one off due to its scarcity as it hadn’t been mined in nearly 3 decades at that point.