Member Info for Nickqj

Many thanks to Noobz, shortter and all those who took trouble to reply, all polite and constructive. My choice of ALBA was indeed based on recent RNSs and company websites. The professional IFAs advise against AIM companies because so many investors lose money. I am tempted by exploration companies though. In order to reduce the risk of large losses I bought six mineral explorers. They can go bankrupt, tick over going nowhere or find a fortune in the ground. Even after finding a fortune the share price rise might take months or years. I agree that one does have to be patient and not risk money you cannot afford to lose. At the start of the pandemic I sold many of my investment trusts and bought into mineral prospectors because I had a hunch that they may weather a financial crisis better. That hunch may well be tested later this year.

I have just bought nearly £5K. Here is my thinking. I am encouraged because a number of people are hopeful that the price is about to rise. That thought is tempered by the fact that similar thoughts abound on CGNR, ECR, POW, PALM and many others. Maybe we will all be lucky. The price has been falling so that too encouraged me to buy. The bid/offer spread is at 7.5% and that is lower that when I first tried to buy when it was 30%.
I tried to buy at 0.41p and Interactive Investors bought at 0.40p. That puzzled me but I did not complain.
I am not attracted by gold because its price can fall. Graphite and titanium have industrial uses which will always help to maintain their prices.
Several people have noticed the lack of info from the BoD but that does not mean that the company is being managed badly. I am inclined to wait, just as I am with my other penny stocks in the mineral exploration business.

This morning's RNS was generally good news. However, is 1 gram per tonne rather low? How low can the gold content be and still be worth recovering?

The AGM invites us to vote. Normally I do not as I am put off by my ignorance of the legal aspects. The jargon does not make it any easier. However the recent shareholder revolt at Petropavlovsk (POG) sacked the board of directors and caused the share price to fall. As a result I am inclined to vote in future. Judging by the chat I read here I want to vote for EUA to continue as it is. Should I vote "For" to everything? I would appreciate a comment from a more knowledgeable person who understands the implications. We are asked to vote on EUA's new draft articles of association. They are on the website but it does not seem to be working.

I want to buy more but am discouraged by the high bid-offer spread of 10%. All the small gold prospectors have a high spread but PALM is higher than my other companies. Is there a reason?

I agree with 4kandles; the CEO does sound a bit uneducated and unrefined. Having a Christian name of Darren does not help. I also agree with mytton; that is insufficient reason to avoid PALM. I am waiting for a minimum price to top up. I think it was Paul Johnson of POW who advised investors to be wary of anything a CEO says.