Member Info for MrJones

Directors have been buying shares in Groc - showing confidence!
https://www.lse.co.uk/rns/GROC/directors-dealings-pqluapugl65s80b.html

Groc shares have been enjoying upward movement over the past few days.
Hopefully means news is coming and Alba will benefit too.

Groc price has been building upwards for a few days now, hopefully indicating news due any time soon.

Currently unable to get hold of shares for larger orders.
Might pop anytime ....

Interesting article about graphite and the need for long term players v quick short term players.

https://www.proactiveinvestors.co.uk/companies/news/1008452/graphite-demand-is-set-to-soar-and-the-right-companies-with-the-right-expertise-could-reap-huge-rewards-1008452.html

"the Proposed Restructuring does not provide for any recovery for holders of Cineworld's existing equity interests."

As the RNS says, there will be a live presentation on Friday (17/03/23) at 11am.
It is straightforward to register via the Investor Meet website and a perfect opportunity to find out where GROC are with their Greenland project.

Hopefully it should encourage new investors too.

Great podcast and good to see the pieces of the jigsaw fall into place for Groc. ????

Thank you elir71 for always providing the in depth analysis that helps investors in Groc and Alba.
Also treasure your opinions because you are balanced.

There will be no divided when the company announce their update in November.
The board should be sacked for the way they have handled this dispute.
Share price down from 514 to this.
If Simon Thompson was a football manager, he'd be out by now!

Great to see director's having faith in TIME to buy shares.
Just need the dividends now .....

Very low volume so the price is fluctuating.
Picked back up quickly.
Expect higher volumes by Thursdays update.

The company has announced that the directors have recommended a final dividend of £844 million, or 7.5p per ordinary share (2020 - £364 million, or 3.0p) subject to shareholder approval at the Annual General Meeting on 28 April 2022.

Decent results:

Financial Highlights:

· Origination up 3% to £58.1m (H1 2020/21: £56.6m).

· Revenue* up 1% to £11.8m (H1 2020/21: £11.7m)

· Gross profit* up 3% to £7.6m (H1 2020/21: £7.4m)

· Profit before tax* up 1% to £1.2m (H1 2020/21: £1.2m)

· Blended cost of borrowings maintained at approximately 4% (year to 31 May 2021: 4%)

· Gross lending portfolio increased to £120.5m as at 30 November 2021 (31 May 2021: £115.7m)

· Net Assets increased to £58.2m as at 30 November 2021 (31 May 2021: £57.1m)

· Net Tangible Assets increased to £29.6m as at 30 November 2021 (31 May 2021: £28.4m)

· Net deals in arrears as at 30 November 2021 reduced by 26% representing 9% of the gross lending book (31 May 2021: 12%)

· Nil net deals in forbearance as at 30 November 2021 (31 May 2021: £0.8m)

* Excluding furlough Other Income of £0.165m in H1 2020/21.

Feel free to sell your 25m shares ( at a loss ) and move on.

All resolutions will be passed and an RNS will follow.
Not even sure they will even open the biscuits this year!

"LIBs are already the fastest growing market for flake graphite, with massive growth rates forecast for the next decade."

Guessing the graphite high quality will come in very handy then ;-)

@elir71 as Alba has said, we'll see what (if any) gold exists in the dump. Then let's take it from there.
I'm optimistic, always better than pessimistic imo.

In the past Alba would constantly dilute our shares with placements, so I'm much happier for Alba to find bits of gold in the dump dig to fund themselves in the short term.
As long as there is more gold in the veins and we hit the jackpot with lithium - then I'm more than happy to top up at these low prices

Yes HKK, I topped up yesterday.
Gold mining isn't an overnight miracle and Alba are taking the right steps. Might find small gold now but bigger in the veins.
Technology advancement will make it easier to extract and examine for gold.

Just believe!