Why bash dsfat/mullins? Sure they didn't force you to invest here? These are strange and troubling times, so much so that I even agree with Parsley2 - there is an international crisis and every share is down. The question is, from a 2m mcap will alba multi-bag or fold. Most companies globally have significant debt and outgoings, we have a guy in wales with a trowel. With the company being funded for a while at least hopefully they can ride it out and at this price its very tempting...but then so is almost everything else. At the moment Albas share price is not top of my list of concerns
True Nookie. Barely any point commenting on the share price at the moment, every company has plummeted and as you say, some things are more important that whether you are up or down on any given day. Still amazes me how scruffy people are, still people not washing their hands after going to the toilet, coughing everywhere without covering their mouths. It also seems that we are indeed moving towards a cashless society, with toilet roll being the currency of choice. Regardless of differing opinions etc, GLA.
So my 'investment case' for this is that HH is almost in production, and when cash starts flowing Albas way that substantially de-risks this share and makes it worth many multiples of its current price. That is actually happening, as per Mullins regular updates (thank you). The Illmenite and graphite actually exists, albeit in an area that will take some work to bring it into production. Both are sought after so the chances of somebody taking an interest are not so remote. Finally the gold, which I am more sceptical about personally because if the grades were so good why did Stella sell up so readily and at such a low price? Legacy mines being the opportunity for speedy production, but again why did Stella sell rather than approach a partner...a mystery. There could well be significant gold mineralisation in the area and finding it would be huge (look at how much people put into Syrius, never produced anything and if anything potash is currently over supplied). Long story short, from here HH is close, greenland may happen, gold a longer shot but success with any should see the share price way higher than it is currently. Current market conditions though we could find a multi million ounce reserve and probs only move a fraction. People always talk about the ever decreasing share price...the value of the company has not changed from yesterday or the day before...we have had no bad news. Everything remains positive, people sell when they sell and the share price goes down accordingly. Its a theoretical loss until the point when you actually sell
Sadly true Ian67. I am used to seeing my Alba holding dwindling in value but usually my less speculative shares, crypto and investment trusts have done well. Everything is flat at the moment and with the current panic will probably get a lot worse before it gets better. Anybody would think that in the post covid world people won't need pharmaceuticals, phones, houses etc. Haha
Wow. Haha! There seamed to be similar tinkering to what Alba has done since...then they sold up so assuming it wasn't profitable at the time, and Stella changed name and direction. To be fair I was always a little sceptical about the gold because its yet to be found in any significant quantity. Be great if they find vast reserves in the Welsh hills but I am not yet betting the house. Haha! Its Greenland and Horse Hill where the action is in my own humble opinion, increase the defined resource and get a big partner on board capable of mining it. Here's hoping...
They still have an exploration target in Ireland but its on the backburner as they have yet to intersect anything other than positive geological indicators. The whole uranium thing, I saw mention of this from years ago but nothing since. Wonder what happened. Just to labour the point again, people often talk about the need to have an operational mine for a company to be valuable. There are endless examples of companies with nothing more than a resource estimate being worth countless times Albas current share price (Solgold, Greatland(200m mcap etc) and all started off as just a pipe dream followed by countless rounds of dilution and falling share price. Finding gold is often enough, and finding gold in Wales would be bigger news still...assuming of course they DO find gold. That aside, Ilmenite and Graphite confirmed and even if people were sceptical about Alba and the BOD, oil income alone should push this way over its current price and for that all we need is UKOG (or maybe even Angus) to come good. I suspect the share price will continue to slide for at least the first half of the year but I am happy to average down as unlike most companies we have a chance of success on a number of fronts rather than just one. To get anywhere fast we need a JV for at least one of the mining plays however.
I remember seeing this from a while back, but it doesn't seem to come up much. The gold is a shot in the dark, which is fine as if there is enough then that would send the sp to the moon...but personally I am more interested in the assets that Alba have confirmed ie Ilmenite and graphite (and oil depending on partners). This is something substantive at least, so if Alba were to shift focus too much to Clogau then sadly I too would be out
Seriously, your posts read like the were written by Yoda after a night of sniffing glue. What 'facts' are you talking about, you made a handful of sweeping statements based on nothing tinged with abuse but have not pointed to a single 'fact' to back it up. Filtered.
...I am not an Alba fan boy by the way, I think that this could still be a good though speculative and risky investment but I appreciate worthwhile contributions to the contrary assuming they are based in fact and not just 'Alba will fail, shareholders are blind ramping sheep...blah blah blah.'
Me, the BOD, and a number of institutional investors band pi's are all deluded. How? Yes, more aim companies fail than succeed but there are also a great many similar companies that have seen massive returns, usually after long periods of dilution. What is your actual point? What information do you claim to have that Alba won't succeed, or that the assets that have been audited are in fact worthless? Do you actually have a position here?
...err...so I am 'involved in a commercial job' and everybody knows share prices don't go up in a straight line, nor do house prices, or any other prices. When the share price does not reflect a companies underlying value then an opportunity exists...basic investing. You may be right, you may be wrong...time will tell. Many people do have their heads in the sand (the guy who ploughed 250k into syrius and lost it all for example) but I doubt most people are so foolish.