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Coming back a bit currently:
https://www.kitco.com/charts/gold
"Britain's domestic energy production falls to lowest level on record".
"The amount of energy produced domestically in Britain has fallen to its lowest level on record, increasing the country's dependency on imports from Norway, the US and other overseas sources".
Cites figures from the Department for Energy Security and Net Zero.
"Britain imported a net 41.1% of its energy last year, up from 37.3% in 2022, ..."
"... gas remains the country's largest single energy source, accounting for 34.3% of Britain's energy generation".
If previous placings with this and other stocks are a reliable guide, the big volume is traded on the day of the announcement.
We now have "exceptionally high gold grades" confirmed at Level 4 (RNS of 26/03), the expected placing announced (what was unknown in advance was the exact timing and terms) and the spot gold price providing a very positive market context.
All the best to those invested, or contemplating investing, in Alba.
From 04:06, RH:
the refinancing ... "has introduced Trafigura as a strategic partner going forwards ...".
Trafigura "sees Angus as an exciting growth opportunity and they would like to work with us to grow the company in the future".
LONDON, Dec 8 (Reuters) - Commodities trader Trafigura posted a record net profit of about $7.4 billion for the 12 months to the end of September, up 5% from a year earlier, ...
We've raised some funds today. A few thoughts on that. Some of this may be obvious to some (sorry):
As a pre-revenue company, we have to raise money on the stock market to fund our exploration & development work.
We depend on positive news and developments across our...
9:27 AM · Mar 28, 2024
Alba Mineral Resources
@AlbaMinerals
·
1h
...asset portfolio to attract funds in what is an especially tough investment market. Thankfully we have made really good progress at Clogau in recent times after significant challenges (especially permitting-wise).
The last time we raised money was last July, so 8 months ago.
"With stable production and free cash flow and the refinancing completed, the Company can focus on
growth opportunities
• Angus has built a world class management team who are committed to increasing shareholder value ..."
Is this a management team which is likely to remain satisfied with a market cap sitting around £16.5m?
The answer is a very definite "No".
Important to avoid knee-jerk reactions this morning and keep things in perspective.
To date, there have been 3 trades of 6m or over.
Today's RNS does not call into question the RNS of 25/03 or the very exciting prospects for Clogau and the Dolgellau gold field.
Processing and interpretation of the airborne geophysical survey undertaken over Alba's key regional gold targets continues, with results expected from the first survey site, Clogau, in the week commencing 25 March. (RNS of 22/03).
... In relation to corporate activities:
- The furthering of partnership, marketing and offtake discussions in relation to gold produced at Clogau and the continuation of development work to establish a fully traceable "mine-to-market" supply chain to underpin the Company's ability to command a premium price for its gold production.
- Due diligence and option fees / deposits in respect of potentially value-enhancing acquisitions and investments ...