Not to mention ALBA have a lower cash burn than UKOG so less share issues on our end. Just a shame that when we do issue its at these low SP. I wonder what it would take for UKOGERs to realise that ALBA is the safest bet to put their money instead like you said Mark. hmmm
Yeah but sadly I don't think people realise we hold a stake in HH and not UKOG...we have been tethered to UKOG SP movement for the past year and a half - 2 years. So I don't see that changing any time soon....unless that's the pessimist in me. My optimism has been beaten out me like ALBA share price. haha
I don't see us moving anywhere any time soon while UKOG has its YA financing to go through...good old death spiral loans. So we just typically waiting for end of year to see us get some revenue from HH or news on gold or Greenland. Back to waiting I guess....
It's a shame how ALBA is still tied with UKOG SP if they don't rise neither will we...along with UKOG share issues we may not get the lift off we hope till those shares are absorbed. IF we got some news on Clog or Greenland that was significant then I see us branching off and getting a solid re-rate. But who knows maybe ill be wrong and recent events will be enough to push us back up. I've got my fingers and toes crossed!! GLA
What we need is a good surge of volume to filter out all the shares and hopefully make a good springboard back to above .3....so pretty much waiting on news....
Yeah the fact GF did not want to dilute us even further gives me a bit more confidence that he's looking at share holder value. With clogau works commencing shortly with a quick turn around of 4 weeks and Brock starting up soon we can expect quite a bit of news soon hopefully all positive!!
I actually quite liked that RNS and the fact that we are not going to contribute to the HH cash call,it will only affect our HH holding by less than .1% which is very good. Looks like alba finally focusing on what they are best for minerals. Think we are on the cusp of changing GLA.
I'm pleasantly surprised that we have basically cleared the placing shares and havent dropped in SP. Good sign we may be on the way up! Just get the news rolling ALBA and lets get the SP to where it deserves to be!
Hmm judging from our typical volume....unless we get some good news...probably 5-6 weeks to clear 250m shares. Hoping we release news so that we can burn through them quickly and get to a reasonable SP.