George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
well I for one hope you are right, since I bought at 30p !
oh how i wish this could be the beginnings of a worldwide switch to infinite variable transmission. A few more deals like this and we might get close to the 100p I paid for them years ago!
good article, thanks I'd missed that. Well I guess we all suspected basically as much, Brinkley has lost its way. I guess the positive thing if you look hard enough is that it seems like new management is coming in, that may pull this company thru in the long term. I guess there going to be no good news about DRC, I guess thats just about dead is it?
oh well..........
woweeeee 10.90 plus the 10p divi ! nice :) one of my better decisions to keep hold of these
has there been any good news I don't know about? or just a general feeling perhaps this sp was hit a bit unfairly?
looks likely at the moment, nice sp hike.
when these were 77p! this has just dived since then. So is now a good opportunity? Need advice !
dangly bits I'd see this as a great buying opportunity, but i think prudence is called for. and praying. this has not been my smartest buy.
well i had grown some brass balls, but theyv'e shrivelled up and dropped off looking at this SP. why the 20% fall today??
i was looking around the internet and the experiences with wreck "celia" show caution is needed. "has opened up the cargo on Celia to such an extent that it is now possible for John Lethbridge to access at least 1,000 tonnes of the remaining 5,000 tonnes of copper" "Subsea Resources is now expecting total revenues in the next 12 months of approximately £50 million to be generated at a cost of approximately £15 million". "the salvage of Celia recovered only approximately 10% of the expected total cargo when the project was terminated in mid October 2006" I think SUB are better equiped now, but I'm not sure how deep Celia was. they may not be able to get at the whole cargo and it might be very expensive. still, it might be OK and theres other projects on the go.
yeah youre right about air bags, i should have remembered from my brief diving experiences, air expands drastically as it comes up to the surface. apparently oil or even freshwater bags can be used tho to overcome this. I saw a prog on the Titanic where they raised a bit with oil bags -"On 31 August 1996, RMS Titanic Inc. tried to raise the largest piece of the sunken liner yet: a 8m x 7m section of the hull, weighing about 14 tonnes and bearing four portholes and the remnants of four others. The team attached four large diesel-filled rubber bags to the hull plate and within several hours, it had floated to about 60 m below the ocean surface." the titanic is at 3,821 m so gee 4500m is extremely deep, salvage is going to be very tricky. but i guess the grabs are what will be used in this case.
"Discovery of Audrey followed three days of searching for the vessel using the sonar equipment on board the John Lethbridge. The target was only a few nautical miles from the theoretical sinking position, as established from contemporary records which are held in the Company's archives." so it only took 3 days, and only a few miles from the theoretical sinking position. have they ever looked for this one before?
dunno, I think so that why i bought some more. so lets go thru this - I take it SUB now definitely 'own' this wreck? I believe the depth is not a problem, but how much will,the estimated salvage costs be? I understand the wreck is worth about 2 x the value of the company at this share price ? what will the likely sp be if the wreck is a definate goody and brings in say 20 million dollars?
remotely operated heavy salvage equipment apparently! amazing int it! what I find amazing, the concept of lifting bags. all you do is get the metal into a skip then inflate the lifting bags at each corner. 1 cubic metre of bag = 1 tonne metal. even 4 small 'ballonns' can lift 4 tonne. I never cease to find it amazing, tho scientifically its bloody obvious. I wonder how much it will cost to salvage? 1 million quid? 2 ?
685917 shares is worth only about 10 grand. looks like after the initial zoom, these have steadied out.
the brokers are positive about this one for the long term. but banks just aren't in favour at the mo, understandably. this is one I'm going to leave and ignore for a while. see where it is next year, I don't think this sp is going anywhere soon, but given time ( a year?) this may be back to where it was before the crunchy problems. even back to 20 euro hopefully?
I'm not too bothered because I'm a long termer on these, well medium at least but this sp seems to me to be a lot more volatile than it ought to be for a company like this?
the important things to think about is why "Fidelity International Ltd have sold a further 2 mln shares of SubSea Resources PLC at 0.0105"? how much profit is in this wreck? and how that may affect the SP what the chances of a takeover are? lets stop the sillyness now.
any particular reason?