focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Pickedpeck - George has already stated we will be designing, producing & selling our own jewellery - Alba are to be a 1 stop shop… He specifically stated the jeweller profits should be ours not somebody else’s. GLA
Try google Tom… GLA
Clogau was never about volume but exclusivity - it’s the rarest gold in the world hence it’s significant premium & Royal connections - Clogau gold can command 30 times normal gold price - I’d hope the waste tips would be done in conjunction with level 4 bulk sampling… GLA
Had a reply from Alba this morning so comms are improving - nothing much to report other than George is in a closed period & so can’t buy-in yet (1 of my questions).
Regards buys/sells - most of the so called sells have been buys hence no drop - no rise either due to share overhang - a dummy buy/sell today is 0.65 to sell & 0.6575 to buy so the spread is very tight hence the confusion… 0.66 are defo buys!
Each to their own but I will continue buying more as lots of news to come whilst share price is at an historical low… GLA
I agree George needs to step-up & buy-in - he may well be locked-in but he could buy on a raise & show some faith!
Regards lithium, we have 30 days to do due diligence & test - if this is a lithium field we could indeed hit jack-pot if not we don’t raise & don’t buy-in so let’s see what the figures say!
I appreciate George is trying to position us into rare earth metals with a view that China exerts too much control & the market is going to shift, maybe massively if they invade Taiwan.
I too would like to know what’s happening with the wall samples that were taken & the level 4 bulk sampling!
George - we require updates please?
Am I understanding this correctly? The shares issued will be at a 25% premium to the average 15 day share price (in which case Alba should rise 25% as that’s the price the MMs place on the share price) - We could do with some good news to build into those 15 days to raise the share price even further - GLA
Https://x.com/albaminerals/status/1781237389756596557?s=46&t=_5ANy-C8-Y35U4iL5K1ZHg
Looks like more gold incoming…. GLA
Gold continuing its rise, never seen it so high - As to whether we are profitable going forward ie viable is completely dependent on the gold price - we have gold (that’s known) but the higher the price the more economically viable the mine is… GLA
Pickedpeck - whilst I would normally agree, I’ve been doing daily dummy buys & the vast majority have been buys (there have been relatively few sells by comparison) so I think we’re much further through the overhang…. Some gold essay results would be nice though or a director buy-in now into a new tax year - I’ve been buying weekly since the raise & ALL my buys showed as sells - GLA
Ocelot, do you suspect the spread dropping to a realistic level indicates the excess shares have finally been absorbed? GLA
So they are progressing with trench sampling the waste tips - hopefully more gold incoming…. GLA
https://x.com/albaminerals/status/1778058018585788750?s=46&t=_5ANy-C8-Y35U4iL5K1ZHg
DriverMike - except we already have a mine - all we are doing is reopening an existing mine…. GLA
GoldnOildigger - why did George loan them the money, what was his thinking/its purpose? GLA
Can somebody explain Horse Hill ie is it a loan we are owed or do we have shares in the company (which we can sell)? Horse Hill needs to go to fund gold…. GLA
Sorry meant 0.669 ish are buys… GLA
Just bought little over 1million more - buys are about 0.69ish - there have been a lot of buys the last few days but I assume we’re still absorbing the new shares in issue - once absorbed (along with news) the brakes should come off… Come on Alba can we have more gold results please…. GLA
Cjen, it’s frustrating what’s happened to the share price for sure but stop & consider how far we’ve come - George raises when needed & we actually have gold now (not that long ago we didn’t know if we’d even get license approvals) - As the gold appears the share price/sentiment will rally - Personally I wished George would offload HH oil to fund development & the directors buy in at a higher raise price - This is a silly buy-in price now considering we are bulk-sampling L4 (there could be some decent gold in the bulk samples & waste pits yet) - GLA
Indeed all those around 0.68ish are buys, same on Thu when the whole day was pretty much solid buys - not sure why we aren’t ticking up but guess the market is still absorbing the recent raise so be a few days before we tick-up - we have gold incoming (lots more results to come) & a raise is out the question now for several months so George ‘shouldn’t’ be raising on any incoming good news… GLA
My understanding is the shares are forward sold at (0.065) & will be added to the rest on 5th - What I don’t understand is the massive volume of buys today not raising the share price (prob getting on towards 150K of buys today) - any insights? GLA
My buys showing as sells rather…. GLA