Member Info for raaydaar

The claim may well be north of £40 million and that's what I would expect them to receive in the event of litigation. In reality if the Slovenians settle then they're not going to want to settle for the full amount I would imagine they would be looking at something closer to £20 million. Still a decent upside to the current SP

There was an administrative issue wrt the form. Being sent again today so could be intraday but most likely tomorrow now

Believe it's a new TR1 holder so that's another minimum 3% taken out of the free float, add that to all the other TR1 and notified holders from the annual report hat takes out around 50% throw in a few who hold just under (or maybe even over 3% spread across different addresses) that's another chunk out of the free float. Think tomorrow will be a good day if the TR1 lands. January update will hopefully show additional AUM and significant progress towards achieving that $100 million mcap.

Hearing there will be an RNS in the morning. Not the update though

Had an email from Pello confirming that the RNS today was not the January update which will be released later in the month. Todays RNS was released as it is normal practice in the US to release fund returns at the end of the year to advise investors of their returns. As this contains inside information (% returns generated by the fund) an RNS was required. Therefore I expect we shall see an AUM figure when the January update is released along with other information about how the company is progressing with marketing etc and maybe an update wrt the RCF

Some might say i am hatching a cunning plan Jgj99. Just adding to the retirement plan with her inheritance

Was the 518k misheard his numbers when I spoke with him

Father in law taken another 580k or so, not sure if its printed yet or will be another late one

Definitely not Mr Ward Bobby, I drive a supermarket home delivery van after losing my adult life long career because of covid-19. Not sure Mr Ward would need to do that if he lost his job. Still looking for another opportunity to get back into the sector I'm passionate about. Investing for me is all about my pension planning, portfolio is very well balanced for my retirement and whatever happens with ALGW my wife and I will be comfortable in our later years, my investment here is all about being able to do all those things we never did when we first got married (we had our first child 9 months after getting married and 2 others in relatively quick succession) and to do them well and not backpacker style. Business class flights and 5 star hotels will hopefully be the norm for our travels courtesy of my investment here

Not yet Giles

There will be a delayed print for a 1 million buy my father in law has added further to his position

Soil samples results due anytime now. First of the drill results due around the end of the month.

Added another 90k today over a couple of buys. Soil sample results could drop any time (were due in November but lab backlog delayed them) drilling campaign could prove to be massive, believe I read a tweet saying all completed drills so far had intersected mineralisatikn. This is one massively undervalued company just on current gold assets, factor in battery metals etc and the potential for doubling the gold, all in a nice jurisdiction. Should be double current price as things are right now and then double or treble that when the resource is proven up

Theyll take 500k at 2.55 so clearly in need of stock

"Vonrable" to what exactly? Hardly running out of cash with over £300k and a very lean operation which is kept lean by the bod keeping a close eye on the spend. Not sure why you would expect a huge R issue to keep afloat, it's highly likely that there will be a requirement for another raise at some point in the future, most companies do, the fact that the bod turned down the opportunity to raise in December should tell you everything you need to know about where the company is and where the bod expect it to be. Major shareholders aren't selling down their holdings, I certainly know of 1 who has been adding to his holdings recently and if he is confident in his rather large investment here then I am confident with mine anyone that doesnt have faith should sell up and move along. SP has doubled in only a couple of months, if you're not happy with that then you really shouldnt be investing, I would suggest finding somewhere where it is sunny and yet raining then you can find and chase that elusive rainbow

They run a very lean operation and are very conscious about how much they spend

That's the financials as at year end in August. Currently they have more than enough money following the last raise.

It's not being shorted, you couldnt get the borrow and the spread betting companies dont offer it afaik. The drop was simply because of the annual accounts which had significant inaccuracies in them. This will be corrected by RNS in the morning, hopefully along with some more news which should allow the SP to rise back to where it was (or higher) pre Thursday. Sadly retail got spooked by the drop and the MMs being as they are took full advantage of this. Prior to Thursday they struggled and struggled to get hold of stock unfortunately some obliged last week and let them have quite a bit for next to nothing, possibly due to stop losses (which is why I never use them as I've seen it so many times before with fake drops to trigger stops) but probably due to poorly researched holders or traders hoping for a quick 10% or so on what they believed, due in part to the hype on the bulletin boards, would be significant news in the annual report. It pays to ask yourself the question why did you invest here? Has anything (other than the SP) fundamentally changed since you invested here? Do you have faith in your research? Answer these questions and that should determine whether or not to continue to hold. I've asked those questions many times about Alpha and the answers confirm my continued investment here. I'm still a buyer when funds allow, hopefully be freeing up some more profits from other investments tomorrow and that money is going straight in here especially if the MMs drop the price to try and get a few more. That's assuming theyll even let you buy, my guess is theyll be taking anything you want to let them have on the cheap and it will be NT to buy until they've filled their dirty pockets

All is still good as far as I can see. Think Monday will be a very different story. Suspect MMs will drop the price on open but you wont be able to buy then when they've got enough theyll let it go and we will be back up in the 3s very quickly. Unfortunately I've no dry powder to hand but hopefully a couple of my other shares which are due news will come good and I'll be able to add some more before we hit the 3s again. Fundamentally nothing here has changed, all this has done is present a buying opportunity. Feel sorry for anyone who sold today especially the former owner of the late reported sell who got seriously mugged by the MMs. 2021 will be the year for ALGW that 2020 should have been, a little more patience required to reap the rewards

Giles I think Rambo is concerned more about the following line on page 10 of the report
'In December 2020 the Company entered into a placing agreement with its broker to raise up to a further £500,000 through the issue of placing shares
Which would suggest that a placing has been agreed but not yet RNSd which is a concern as far as I can see