Member Info for Phoebus

That market cap looks way too cheap here given the assets. Plenty of cash on the balance sheet too.

Looks like a huge amount of exploration is about to get underway on our Aussie gold assets. With funding done, the populartiy of Australian gold assets, pending news flow, gold bull market, tiny market cap, lack of shares available and Lenigas tweeting I reckon there's a good chance this is heading for around 20p or £20M market cap. Time to back up the truck. STRONG BUY

And when I turned on the TV this morning a program called ALBA Today was on.

https://www.clogau.co.uk/aboutclogau/goldofroyalty.aspx

Wow! I'm speechless after reading that. Never realised quite how strong the link was between the Royal Family and Clogau. Clearly this is one extremely special gold mine, and as for ALBA, what other gold mining investment can boast such a prestigious Royal heritage as this? I was already bullish on ALBA given the tiny market cap, bonanza grades, pending operations, home turf interest and gold bull market, but this totally transforms the investment case from excellent to truly remarkable. So glad I took a stake here and really looking forward to operations getting underway. I have a few gold investments, but I think we're on to a real winner here. Best of luck everyone.

closing one tick under the day high at 0.20p.

And there's the dip buyer again. Another 60K in three 20K chunks. That's 120,000 in the last two days alone.

UFO now has lots of cash in the bank and all the news flow is still ahead of us. What news do we reckon will be first, acquisition of Elizabeth Hill super grade silver mine gets the go ahead, bonanza Mexican silver grades or Donovan JV?

today was 85% of placing volume.

2.3M @ 0.80p.

We should not underestimate the importance this being a Welsh based gold project. I'm sure many of us know the area and have even driven passed the mine. The sense of personal connection combined with the romance of gold mining should should see this draw particular interest from investors.

Nor is my post. 'By mutual agreement Corallian and Joint Venture partners may extend the Exclusivity Period with the Interested Party until the 31st December 2020 should such Party WISH TO NEGOTIATE FARMIN TERMS to earn an interest in the licence.' So if they extend term that's because they want to farm in.

That's not exactly correct. The major can '...extend the Exclusivity Period with the Interested Party until the 31st December 2020 should such Party WISH TO NEGOTIATE FARMIN TERMS to earn an interest in the licence.' So if they extend term that's because they want to farm in.

I can scarcely believe it. For once I actually agree with Zac.

Max buy on Barclays is 1.5M shares, but they will take 5M at mid price of 0.18p.

That was underground. This is above ground.

Early days. News flow hasn't even started.

Over 70% of placing volume now traded.

Given the fact that the work sharing agreement was signed at the end of April 2020, which is AFTER the COVID crash, the European major must be seriously interested in Dunrobin so I think it's very likely they will give the farm in the green light. Not long till we find out.

Anyone care to hazard a guess as to who the European major is that's working towards the Dunrobin farm in?

Net current asset position is around £2.62M so about half the market cap is cash. This means you're getting exposure to 79 MMBOE P50 net recoverable in Chuditch and Dunrobin, the lions share of which is already discovered, for only 3.7p per BOE and that's ignoring their other assets! Bonkers cheap with major news inbound.