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‘Something has come loose in the UK market, like a hosepipe that was blocked up suddenly gushing forth: another deal announced today for Darktrace and another record high for the FTSE 100,’ said Neil Wilson, chief market analyst at Finalto.

‘[Fund manager] Nick Train suggested a transformative deal could unleash pent-up demand for UK stocks and close the valuation gap. Maybe BHP’s move on Anglo American is just such a deal.’ (from Citywire)

Is the UK equity market finally stirring from its protracted period of somnolence, the Rip Van Winkle of the principal equity markets?

From 08:48:

"We're going to be one of the biggest players (in the UK gold sector, such as it is), I'm very confident of that".

Re Andover West: they have a month in which to exercise their option. Sounds as if they are intending to put feet on the ground almost immediately.

Nookie,

I've left Bitcoin to others.

Remain convinced our time in Alba will come (but don't ask me when!).

Https://www.lse.co.uk/media/ALBA/george-frangeskides-chairman-at-alba-explains-why-the-pilbara-lithium-option-was-too-good-to-miss-3rofvsgflmibca2.html

"I reckon UKOG are stringing out the AGM so they can use the outstanding number of shares they can issue to pay off YA"

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Don't think so: it is the authorised number of shares that require the approval of shareholders at AGMs, not the issued number.

... • Pilbara Lithium Project has SIGNIFICANT NEAR-TERM VALUE APPRECIATION at low-cost

Potential to provide a boost to the share price, therefore.

From "Reasons to add Alba to your Watchlist" accompanying the video:

... • Pilbara Lithium Project has significant near-term value appreciation at low-cost

From 05:22:

"This is a really good, low entry cost to an emerging lithium district that is extremely hot ... and is too good an opportunity to pass up".

GF presents Alba's option on 2 adjoining license areas in Western Australia, to explore for lithium, as very much complementary to its investment in GROC.

But can he pull a rabbit out of the hat here ? As he needs to.

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Needs to create some credible hope.

In retrospect, one can see it was the hope of Pinarova-1 which enabled the placing of 12/01 to be done at 0.20p (in new money).

3 1/2 months later, with the failure of Pinarova-1, the share price has collapsed by 0.1675p or 84%.

Note: the appointment of Elizabeth Henson as a NED of Artemis Resources dates from 22/04/24, Monday of this week.

Text of tweet accompanying the video in the post of 10:32:

In short:

- Exciting foothold in an emerging high-grade lithium province in the world-class Pilbara.

- Focus remains on gold production from Clogau.

More later in interview going out on http://lse.co.uk.

#Gold #CRMs

9:40 AM · Apr 25, 2024

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Note: GF concludes the brief video on yesterday's announcement by saying he will be doing an interview with lse later this morning, which will include Clogau and he hopes will be going out later today.

Noobz,

Alba's license area is to the immediate North West of Azure's license area, hence the posts on Azure's lithium discovery.

Just to add: the video gives the impression the opportunity in Western Australia may have been irresistible.

Thank you for posting the video, FollowTheVein.

Looks as if they are really confident in the prospects for North Wales and for Greenroc, that they can envisage exploration for a new commodity in another part of the world.

"Alba confident area has high Lithium resource" (from the brief presentation video above).

Yes. Hopefully this news will help to absorb the overhang from the placing.

Western Australia - World-Class Lithium Province

Western Australia hosts four of the world's biggest lithium mines, whose combined reserves exceed 500 Mt, namely: ...