They have done numerous placings and the majority of share holders are over 50% down. I’m surprised anyone gives them money. Time to deliver......0.17 is a disgrace.
Alba used to say who lends them the money when they are raising the usual £350-750 each year ( eg gunsynd, starvest, spreadex etc) but I haven’t seen who is involved for the last 2 years.... maybe there’s some big hitters involved already.
When this shoots up to 0.3-0.4p, the usual mob will take their 100% while the majority of share holders won’t break even. HH news soon....hoping for at least 2000 bopd and other asset news to totally bypass the penny pinching manipulators so every shareholder has the choice to sell if the big boys come knocking.
They could be finalising a deal right now and deliver a Friday lunchtime RNS with a 1000% rise in SP....unlikely but isn’t this the reason for investing in Alba? Not 5 years of dilution....the market cap used to be £3m with a 0.8 SP and now it’s £6-7m with an SP 0.16!!!! Alba have everything and so far the investors are still suffering
I’ll wait for HH results before I get further annoyed by this. Alba are always ‘pleased’ the raise money while diluting PIs 5-10% once or twice a year. Add ramping conmen and negative sentiment, you get to where we are now. Let’s hope for the good results we are led to believe are coming and trust Alba’s judgement. Fingers crossed.
We’re doing this, we’re doing that. We’ve got this, we’ve got that. Our results are this and our results are that....5 years on, investors have only a quarter of this and a quarter of that lol.