It seems that yesterdays RNS and the misunderstanding by a few posters has carried on into today, helped of course by the various doomsayers who drift from board to board. If you have trouble truly understanding yesterdays RNS, then please liquidate any positions you have in any company on AIM and put it in the building society. Several have tried to explain exactly about yesterdays RNS and the implications for ALBA, but have now given up and quite frankly i don't blame them.
GF has had his critics over the past few months,me included. But one thing you can say about the bloke is that he doesn't hide from his shareholders, regular information through RNSs, podcasts, etc...We now have a Q & A session to come very soon. Believe me, 99% of other companies ignore their shareholders, so credit to him.
Any new investor looking into this board could be forgiven for thinking that ALBA have simply given away the Greenland asset for nothing.. Lots of new names posting untruths. I suggest that anyone really interested should read the RNS properly, and if you really can't understand what is actually planned, then for goodness sake don't play with shares.
Our friend Yanis has pointed out that an RNS reference the assay result on the waste rock should arrive imminently. There have been some very big sells today perhaps suggesting that some know more than the rest of us. Considering the Amistoq update on the 7th was in GF words " phenomenal " , we have headed south after an initial rise on the news release. It is really looking just a little bit sore. Things can change very quickly but currently sentiment is not with us, and after the news we have had recently that is all just a little bit puzzling.
I rarely get carried away with shares, but if there was ever a buy and hold this is it. Peaks and troughs will come of course, but long term this could be phenomenal as our grinning friend has already said.
Nobody has been scammed Maclain. The problem as my friends elir and Yanis have been saying is because of a number of factors, including George the grin actually puts the news out. Seasoned investors will be thinking along the same lines as me as to why this has been systematically forced down for weeks. I don't need to say it again...
Although the grin comes across very amateurish at times with some of his more enthusiastic statements, you can't argue the fact that at least he keeps shareholders informed, many many other AIM companies say nothing, so which would you rather have?
Please don't say about if i had had my money elsewhere i would have made money, life is full of ifs and buts and what we should have done. We will be alright here, but market could actually act favourably to finances being sorted.
Nobody apart from us would know who CIH was, so sellers have to rely on someone actually contacting Pajak and saying they want to buy shares in the company. What do you reckon the chances of that are? Lets revisit what he said via RNS last May 1st:
"The holders of shares in Craven Industrial Holdings will not be significantly hindered in this regard and will receive regular communication outlining opportunities to sell their shares or increase their holding".
I held my shares because of that statement, couldn't get it taken private quick enough could he? Getting a little bit too hot on AIM.
Anyone had any regular communication from them? Me neither...
I have accused him of being a liar and accused him of treating the shareholders appallingly. He disagreed of course...But I challenged him on 2 facts I know which were incorrect. No reply...
The man is a Charlatan. If he disagrees, pay me or take me to court.
Sorry CJ, DLC is currently 0.055c bid, another Pajak triumph. We have been robbed guys, just accept it like I have.
I wrote several weeks ago that ALBA was being forced down, I also suggested that this had all the looks of a placing and or bad news. Because I gave an honest opinion this got insults thrown at me and another poster. I have been saying for ages that why would Ms Henson actually be on the board other than to raise funds? It is noticeable that neither her, her " high net worth clients " or any other director has bought a share in ALBA for in some cases 2 years. Now we have several posters realising at some point we are going to need funds. This is par for the course with exploration companies. It happens and any seasoned investor knows that.
cjmorley writes earlier today: I agree with your analysis entirely. Elisabeth Henson I fear will line up key clients to buy at very very cheap rate.
Spoken like a man who sold his shares. I'm not having a go at anybody CJ, but where is the evidence for that? I also wrote weeks ago that on occasions ( rare ) I have seen placings which have bee in excess of the current share price. The other 99.9 % of the time they are at a discount to the current share price. But I for one would rather see Ms Hensons clients and other assorted directors fronting the money than say the likes of Bergen. MMs suckered a few nervous holders Friday, but the facts are that they are happy to take millions of shares off holders, that can change of course, but for now we are looking not too bad.
Very encouraging yesterday. The MMs dropped the bid to 0.30p and a lot of holders sold into it...of course late on the bid was pushed back to 0.32, and you could sell many millions at 0.3225. Pretty clear they want the shares.