What people do with their own money is their business. If people wish to top up and declare it that's their choice. But if some posters wish to say what they are doing, how many shares they own, how many they have bought or sold, do what you like. But...remember what you have posted in the past , as sometimes they contradict what has been posted previously.
CJ, Yanis
I am in total agreement with both your posts. The market currently certainly suggests everything isn't as rosy as George has been making out. I'm trying to recall a situation where a share has constantly drifted and then results from whatever have exceeded expectations, and i can't.
If the assay results turn out to be less than what has certainly been hinted at by management on several occasions, George and Mark will will get very bad press and mega embarrassment...Would anyone really put themselves on offer like this without being reasonably certain they would hit? I would say no...so we have to keep positive. The end of the first quarter is approaching though.
I did my last top up at 0.3778, i did have an order in at 0.35 a few sessions ago but pulled it as i could see where this was heading. Just been reading a few of ALBAs RNSs...." exceeded expectations.." " chomping at the bit " full of positivity all of them. As we appear to be heading for the 20s and the fall from the 40s shows no sign of abating, the only thing that is going to stop it is real news. Because quite frankly the market doesn't share the view that ALBA can produce the goods, or some people know more than the humble shareholder.
Hi Yanis
I agree mate, still being forced down with 500k and 1m sells and it has gone on for weeks. Latest ones at 0.32 were buys though. Confidence level i used to have was 90+ on the assay results being more than acceptable, now it is 50%. There is a reason this price has constantly dropped and that will become clear soon. I actually hope they are raising money, get it out the way and then move forward.
Agreed Yanis
He has done all the talking, now it is definitely time to produce. If there is a delay for whatever reason in producing the assay results, the share price will definitely fall. He has been quiet recently hasn't he?
Hi Yanis
It is unthinkable that we wont get those assays before next Wednesday at the very latest. Time for talking and positive updates along with jam tomorrow comments are over. Along with elir i did think they would be here by now, but that hasn't happened. Put that together with the SP downward pressure and it can make you not feel as confident as you once were. I have had a fair few good hidings over the years from AIM, and taking at face value what various directors have said about their particular companies.
Whether ALBA is another one remains to be seen. I have to say George does appear very sincere though.
As Yanis quite rightly says where has the volume gone? elir replies with: I suspect that most investors who want exposure to the expected end of month news are already invested to the level they are comfortable with.
I agree with both points. The best way of knowing when the assay results are coming will be an increase in volume and hopefully a rise in the share price. Too many people will know the results well before they are announced. Just think about how many people will be involved? I dare say they all have " friends " who will benefit from that knowledge. There has been no sign of anything positive over the past few weeks, in fact quite the opposite price wise.
I still maintain albeit with dwindling confidence that the assay results will be at the very least acceptable, quite simply because human nature dictates that neither George or Mark will be wanting to look like right fools with all the grinning, publicity, podcasts, big talk, which actually turns out to be wrong...They lose all credibility overnight for ever...
If they aren't reasonably sure would they actually be giving TV interviews? I suggest not, but the way the last few weeks have been going it doesn't give one confidence.
Been reading todays comments with interest. The frustration of the majority of posters is plain to see...
This is AIM not the FTSE 100, and we are all here to try and make a few quid. But no matter how we try we can't make the news we want appear until it's good and ready. I have been saying for many weeks both George and Mark appear on the face of it super confident, but that is for some reason not accepted by the market and that is concerning. I watch the trades closely both on AIM and Aquis as they can give guidance at times. What I have noticed over the past weeks is that no matter how many are bought sells appear to counter them. Anyone else notice the constant 1m or many 500k sells which appear after a couple of buys? That has been going on for weeks and consequently the price has dropped virtually day after day. These aren't PIs selling, this is a concentrated effort to drive the price down and keep it down. Problem is i don't know why?
If i was being fanciful i would say it is to let big investors in cheap, yeah right..This has all the look of a placing to me. We have to be honest and say we are going to need money at some point, no point in pretending we wont, but at what price? I'm favouring 0.28- 0.30, any lower and there will be plenty of screaming including me. It's the only logical explanation i can come up with.
Despite numerous buys today it finished at 0.3227 - 0.326 so very tight. Seems every day the buy price just gets cheaper and cheaper.
We are expecting news in the next 8 days. Let's see what transpires.
We have to just keep saying to ourselves that nothing has changed, management seem extremely confident etc..
But...why anyone would sell when news is so close is puzzling unless they are T trading. Vast majority of sells over the past few weeks have with all due respect come from PIs if the amounts are anything to go by. MMs are constantly offering as many shares as you want at lower prices on a daily basis, which isn't good especially as we have seen plenty of buys, some substantial.
Just have to ride it out until news good or bad arrives. What slightly concerns me is that there is always a reason why a share constantly drops without huge sells dictating it. Seen this many times over the years, and i just hope ALBA is the exception to the rule.
This is bloody grim...
Doesn't seem to matter how good the news is, how positive George and Mark are the downward pressure just keeps on going. Been plenty of decent buys today and other days, but just keeps getting cheaper to buy. I have said before in other posts what i am half expecting i.e. placing or perhaps Ms Henson raising money from her extensive client list, but that is just a guess.
I feel the only way this will move upwards is with the right news....ALBA display confidence, but the market simply doesn't believe it. As this downward trend has been going on for weeks, it's either a money raise. or assay results not as good as we are being led to believe in my opinion.
Pretty shocked that this is giving away most of the early gains. I honestly don't know what people want to make them leave their money in a share for longer than hours in some cases. I have put an order in at 0.35, the way it is going i expect it to be filled soon.
Been some really nice buys so far and a couple of what I would call substantial plays. Yes...there have been sells as well!
I would hate to try and trade this, could get really messy if you wanted to scramble back on board. Congratulations to those PREM holders who have seen substantial rises today and over the past few weeks. Not for me...Zimbabwe is a place i would never put money into play. Still those that chanced their arm have made a few quid, but not those who bought when it was up 80%...
Quite happy here and plenty of patience. MC remains well under what the true worth of ALBA is, but that of course is all about opinion. Should be double on just speculation imo.