Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Maybe people’s expectations were too high yesterday when it looked like the SP was on the rise.
But true to form they bring out another technical RNS and something and nothing about IPO spin out, with no detail. Having quickly read the RNS you knew it would cause SP to drift downwards.
To some it’s just more holes to be drilled and to other LTH it’s great news. It is what it is and only time will tell. But I understand people’s frustrations, carrot has been dangled too long for some ??
Yanis I was under the impression that a decision could take up to 4 mnths, so not sure if that’s a limit or not. You would think that meant a limit ? These type of depts do drag their feet. If the limit is 4mnths then surely they could give a decision now, nothing will surely change in next 2 weeks.
I’m with you on this Yanis. With the way the SP is dropping its only right to be concerned. Even the most ardent supporter of Alba must be quietly curious as to what is going on or at the very least a little annoyed that we haven’t been given an explanation on the delay. A quick tweet would suffice to allay people’s concerns.
I am currently 37% down on my considerable holding because I made a school boy error last autumn of being caught up in all the hype. Can’t decide whether GF has taken some of us for fools.
I am certainly thinking I was taken for a ride ??
Yanis and Noobz I am completely in agreement with you both. I can’t see how anyone else can disagree. Can’t for the life of me think what GF is playing at. Have they all packed up and disappeared to Greenland or what ?
I get irritated these days when some people post “ another great RNS, keep up the good work Alba”, really !!
Is anyone else concerned about whether the Greenland IPO will have any positive effect on Albas SP value, following the market reaction to this mornings RNS ?
I think you may be right Yanis, market wants to see gold. They couldn’t care less how many holes GF digs, and yes before anyone corrects me , I know we are in the exploration phase.
Thanks for that Yanis,
I seem to have had my timeline mixed up. I thought the 36 tonne bulk sample results were promised before Christmas last year, and when they didn’t materialise in the new year, that’s when GF tried to downplay expectations, which is when perhaps the market got spooked ??
I know some people think GF and the board are doing a great job but for me, what he did there was unforgivable after the Hype before Christmas re this 36 tonne bulk sample. It makes me think that if he hadn’t have downplayed the bulk sampling stating this wasn’t their mane focus, then we would perhaps be still around 0.4–0.5. There did seem to be an urgency some months ago of damage limitation as a result of these delayed (36 tonne) assaying, but I think it was too little too late for some. Only my thoughts on the matter of course.
Devise,
It’s difficult sometimes to be positive about someone when they promise things and then don’t deliver, without any explanation. I am heavily invested in Alba and like everyone else hope this comes good. But like Yanis I am losing faith in GFs management at the moment. Only my opinion of course and no offence meant to anyone..
I think the bulk sampling debacle last year did a lot of damage to Alba and maybe it will take some time to recover. Still no explanation as to why they weren’t sent away for analysis as was promised. And perhaps some people quite rightly think they were misled. We are still awaiting news we were promised by middle of May but yet again nothing and no explanation or clarification. Not the way to run a business. Others may have different opinions but until we either see some gold or trust is restored , I fear the SP is not going to make any significant upward movement for some time to come. I still believe in Alba but GF needs to up his game and restore some trust.