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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
Indeed my 4 purchases also show as buys - buys are around 0.695 ish - considering the volume of buys when are we going to tick-up… GLA
We are all a bit bruised today, I bought 10K more (as have many others), we’ll bounce back soon enough - more decent gold results to come & the start of bulk sampling will do it - God only knows why we couldn’t offload our HH oil assets instead of a raise but it’s done now - It’s hard for long termers but a great buy-in for newbies/people watching on the side lines x
I’ve made several chunky buys this morning all showing as sells - bit of an overreaction but expected - lots of news to come inc more gold (my understanding is we've only received 3 results of 40 thus far) -!id like to see this gold auctioned off to raise funds & raise interest! GLA
Same, sold my other shares & bought here - this will bounce back - not what I wanted but taking advantage of the drop as lots of news to come… it’s a small raise & we have gold…. Agree directors should have bought at a higher rate & the share price would have gone up… GLA
@Furion, no not aimed at you chap just a generic comment regards SP - traders sold on a 30% rise & are now waiting for their next buy-in (if they can talk it down they will) - Blue tomorrow 😉