Member Info for ocelot

You've not factored in any premium for Welsh gold.

Keeping us informed - many thanks, bbdd and ... Alba.

That 500,000 ounce figure dates back to the early 2010s.

Alba's found 10 new anomalies, 1 of which is 2kms in length, 4 x larger than Clogau.

The regional gold potential is "huge" (p17 of the August 2020 gold presentation).

Dare I say it? smart money?

High average volume size: 126.8m shares traded, but only 69 trades, so average trade size = 1.8m.

volume of 50.4m already

Production figures are published by the OGA.

The Company believes that it will be able to fulfil the conditions attaching to the permission.

Alba's management are very careful custodians of shareholders' funds.

Back on 22/03/19, GF and Michael Nott subscribed to some shares at 0.30p, at a premium of 27.7% to the existing market price.

It was an expression of confidence in Alba on their part and provided the company with some welcome additional cash.

Until the share price achieves 0.30p, it is, therefore, for myself, simply in a recovery phase after an exaggerated, and prolonged, fall.

It's not the main event, agreed!

Could be an update on more than one project, given we await news on Lidsey:

As regards Lidsey, this was shut in for maintenance earlier this year and kept shut in during Covid-19 lockdown and the low oil price environment. We expect to update the market formally in the forthcoming two weeks (from the 31/08 answer to an Investor Question).

... The Covid-19 situation has been improving somewhat, yet hedge funds, Wall Street, and investors alike continue being extremely bullish about gold, with some licking their chops and predicting that the yellow metal could touch absurd levels of as high as $3,000 and even $5,000 per ounce.

Bank of America Merrill Lynch says it expects gold to hit $3,000 by early 2022 while Citigroup and billionaire Thomas ******, founder of New York-based asset management firm Electrum Group, believe that $5,000 is in the crosshairs...

We live in hope, Sparticus!

Best wishes.

Given Alba's present market cap of £9.5m, £1bn of gold deposits already represents quite some upside potential!

PS: If you meant that your holding was originally worth about £140k and is now worth about £20k, then, with the current price of 0.205p, that means your average buy-in price was about 1.435p.

If your current holding is worth about £140k with the price at 0.205p and you're down about £120k, then your average buy-in price is about 0.38p.

Think you should be able to recover that.

It is so far from being a one trick pony that in the Vox interview of 01/09, GF devoted about 4 minutes to Wales and Clogau/Dolgellau and about 3 minutes to Melville Bay in Greenland.

Sparticus1974,

You've not indicated your average buy-in price, so how can anybody respond to your question?

" ... do you think your optimism is going to get my money back I don't think so"

Hear, hear!

Am hoping the interest in Clogau/Dolgellau will lead to a wider re-assessment of Alba's prospects.