RE: clogau8 Aug 2020 13:42
the last RNS for the £1m CLN say there will be enough for 18month what happen?????
has it all been spent in 7 month..
·; The financing is structured in such a way as to provide Alba with funding at regular intervals over the next 18 months, allowing the Company to fund key value-enhancing work activities across its mining portfolio. Such further funding will be subject to the fulfilment, at each funding stage, of certain conditions and warranties by the Company.
George Frangeskides, Executive Chairman of Alba, commented:
"This financing provides Alba with a significant funding source for the year ahead. In traditional private placements, placing shares are issued up-front and therefore the full dilutionary impact occurs on the closing of the placing. By contrast, the structure of this financing package provides the Company with an opportunity to increase its share price during the course of this year which, if successful, would mean that the shares would be issued at higher prices, resulting in less dilution for existing shareholders."
same old GEORGE he will always take 0.06p and another £450k out of and already beaten down SP
but there will be another big spike when the permit land none D less
so I think I will stick around for that at least and buy back as low as possible
for the next bit of news..
308..