Member Info for Littlepost

'Oversubscribed' and the below statement seem fine to me? Ill be sticking it out. GLA
The proceeds from the Placing augment the Company's strong cash balance and will be used to extend and accelerate a range of exploration activities across the Company's portfolio, with immediate programs to be expanded in both Mexico and Western Australia. Based on current budgets and in the absence of exceptional circumstances, the Board believes that the Company's existing work programs are now fully funded through to end-2021.

:) Great price.

Bishop_Basher, exactly that's why I posted one of his previous posts. Joey86 please note.

Joey86, read the post its not my words!!

Icemanzag Posted in: ALBA Posts: 185 Price: 0.355 no Opinion
RE: Buying shares06 Oct 2020 13:50
Whoops, here come the snowflakes. Don’t bother banning me I’m off and have already sold out. Just look at the SP five minutes ago and it will drop back even further, probably settle at about 0.12p for about 12-24 months. Bye

No drop, they've just opened the spread to nearly 12%! unjustified.

My one and only filtered poster on ALBA BB, congrats Mr008.

cmilln, no logic at all, I don't know why Newcrest didn't just start digging blindly and do away with an explorer. wow! filtered after one post.

Jimmyg56, great post, very informative.
GLA

To me the RNS/JV looks very similar to that that GGP have with Newcrest, at the above, but at a much earlier stage. So I'm taking it as positive and will be holding. Just my opinion any comments appreciated.
GLA

I found GGP via a post on another board, also OMI, so think these threads can be useful, but DYOR or ignore.

Another £5K buy for me.
GLA

There's a flow chart on their website which illustrates the process fairly simply, if that helps.

Syme nor the funder hold any physical stock/inventory it remains with the client.

Hi apunter2,
Hope you don't mind but I've added a bit to your synopsis (trying to get it straight in my head really). If others contribute and we can get an accurate overview of the process posted, I for one would benefit from having a quick reference and I'm sure possible investors, as Tin Hat has demonstrated, may also. Anyways here's my/your contribution:
-Syme is classed as Fintech (computer programs and other technology used to support or enable banking and financial services. Incorporating smart contracts which cut out human error I.e. they automatically initiate clauses.)
-Clients are manufactures or any company holding stock
-Funders buy (is it monetarise?, think there is a subtle difference meaning the client is still responsible for the stock, also banks do not buy stock?) the stock including vat, clients hold the stock ( inventory)
-The vested inventory is given a digital token (like a bar code say) and the platform can track these tokens
-When the client sells to a third party the platform registers the sell and the cost of the funders purchase is repaid plus the 4% (think there’s possibly different rates depending on risk?)fee.vat
-Syme get upfront yearly fees from the client (I think this is the up front due diligence and use of the platform fee?)
-The benefits for the client is that it is true sells. So not debt and they get cash (better balance sheet and cash flow)
-Funder benefit from the 4% ..(I Think possibly Syme get 1% either on top or as part of the funders fee?)
If someone can clarify if the above is correct, or add/omit as necessary (but trying to keep it short) I'll save text and post it now and again.
GLA

Cyprusbiker, who, on this thread, asked for any information? Just curious as to your comment.

Ok just to set the record straight and hopefully end this thread. The model not being proven, yet, in my eyes means there is still a lot of upside for the sp as upcoming information proves the model is robust. Otherwise if it is already proven why is the sp so low? Its actually more of a ramp than the opposite. I'm in here and want it and expect it to succeed, IMO.
GLA

And that's what you got from that, congrats!!

Elonmuskthescent''I went out again and I’ve missed Some big news it looks like what was it?''
It was the oxford English dictionary announcing that 'expected' and 'approximately' now mean Proven. But you already knew that so nothing to see hear.

Another £5k for me before news! @ 0.4715 11:00am
GLA