Announced today a new project in Greenland, seems to becoming a popular location, I've read that climate change is making it a more attractive investment opportunity coupled with its vast valuable raw material resources. Is this another good omen for little old ALBA.
Thanks for posting the link I mentioned yesterday, perhaps you could look at another which is also on the BLUEJAY BB posted Tuesday at 20.23 headed "Growing number of unexpected arrivals" it gives a decent insight into Greenland. Whilst we await for the results of the Gold search in Wales, BLUEJAY are expected to announce by 31/10 the outcome of their attempts for an off take agreement for their ilmenite. If/when this happens it could be transformational for them and would certainly boost its neighbour ALBA. Exciting weeks and months ahead.
Very interesting Youtube piece on ilmenite on the BLUEJAY chat BB. Sorry I'm not technically able to post it here, well worth a visit to listen. All the positives there impact ALBA, and ALBA management consider ours to be better quality.
He posts on ALBA and SYME. For the later he warned of a drop to 0.40p they are now 0.54 with ALBA his opinion is the mine is exhausted. He has no clue about either, so put him on ignore and maybe he will get fed up and go away.
I seriously hope no one on this bb is taking any notice of this poster. He doesn’t have a clue, just look at his recent posts re ALBA and SYME. The later is 25% higher than the price he predicted. He has also commented on UKOG and ANGS failing when BP pulled out at HH. He failed to mention BP pulling out of the Buchan Field leaving 140m barrels for JOG to exploit.
Back to ALBA they did some testing work with good results prior to all the current work, they would not be spending all the time and money to then report no gold, so please take Mr008’s comments with a pinch of salt.
The language use November 2019 by Mr Bond (yes almost 12 months ago, doesn’t time fly) to lure delusional investors into forking out enough cash to keep AFC developing products for a further 3 years that others are selling. Or am I barking up the wrong tree.
I note with interest their market cap closed at £98m (ALBA £28m) positive offtake news due this month could see it double, decent gold results from ALBA and we could keep pace. Exciting times for both.
Athansius you say of Bond “Primary responsibility of a CEO is to the owners of the company, shareholders. RiskyBusiness1 you say of Bond Drive the company forward, attend high level meetings, generate sales or other issues. From my point of view you could be right, however As a shareholder Bond has done zero for my benefit furthermore I do not recollect any sales being generated. Bond is paid very well and everything he’s done so far has benefited only himself, shareholder benefit when the share price rises, we raised £30m a few months back, if you strip that out of the market cap the value of the company is lower than 12 months ago. The company is going backwards in a booming sector, that’s my take on AFC.
Cntu123 I believe the decision to send the material off for testing at the conclusion of the tests was made before the tests started, there has been no hold up or delay. The company has also stated they will only report the outcome of the tests once ALL results are received. Maybe if you read carefully the released RSN’s you would not make such naive posts.
RE: Looking like a great few months ahead...10 Oct 2020 21:51
parsley2 Yes it was historical data relating to the past 22 days, but I did forget to mention the sp started the 22 days at .18p and it finished at .455p, it has nowt to do with MM's as you suggested its all about supply and demand of the 7.2bn shares traded clearly there must have been more buyers than sellers, its called simple economics there are books you can buy or visit a local library and educate yourself instead of writing rubbish here.
RE: Looking like a great few months ahead...10 Oct 2020 19:09
Parsley2 You wrote "there is no reason for the daily rises and drops other than MMs"
According to the FT ALBA has a free float of 5.1bn shares, they also report that over the last 22 business days over 7.2bn ALBA shares have been bought or sold. Those are facts, I agree we await some results from the Clogau drilling etc, I also agree that if they are poor the price will drift back, however if they are good, as the company and many shareholders expect your 0.8p is way off mark. Additionally if Bluejay secure an off take agreement for their ilmenite (results due this month) 0.8p could go before Clogau results land.
The lastest report issued by Bluejay included an update on their Dundas project, it talked about a MOU for prospective offtake for 200tkpa ilmenite and possible project financing, post its year end the 200 was increased to 250/300 tkpa. They will update the market by 31 October 2020 on the discussions as they continue to engage with a number of other leading industry players with a view to securing additional commercial offtake agreements. ALBA has the same asset, and they suggest its better than Bluejay’s, their capitalised at £80m over 3 times that of ALBA. Another example of the potential in ALBA, exciting months ahead.
Ajax62 "believing in a BOD doing what's best for shareholders" that comment in your posts is key to investors. My earlier post regarding the going ons in PMO, here the directors are recommending shareholders vote in favour of the deal and that they will be voting in favour of it with their shares, they have 0.3% most of which were free. The directors in JOG have invested substantial sums and will want and deserve a decent return. Any low ball offer would be frowned on and rejected, patience will be rewarded.
I commented on this here on 16th Sept. Today a reverse takeover/merger announced that does little for PMO shareholders. Of course there is a massive difference between JOG and PMO insofar as JOG has potentially great assets all in the area that Chrysaor dominates and it benefits from no debt. Could this be the way forward for JOG.