RE: Original Purchase3 Sep 2021 15:15
Alba always believed the main share holder value was in Gold, to get value out of the Greenland assets right now has been a very welcome bonus. Alba never planned to develop the Greenland assets themselves, and to have them sitting there without the means for development was never going to add value to our share price. The Joint venture situation proved fruitless, George stuck by his guns and did not sign a poor value joint venture deal, so the spin off idea arose. I believe this will in time add very significant value to Alba share price. Being undervalued the Greenland assets should see the Greenroc share price rise very quickly when it hits the market, and this will be very positive for Albas share price as well. When needed, Alba will of course be able to raise the £3 million or so needed to develop the Gold mine(s) into production on the back of the spin off, with no more share dilution for Alba share holders. All in all, its all looking very positive. i think so anyway.