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More George positivity.
"One such potential source of early revenue is in the waste rock dump at Clogau. We estimate that this dump contains around 20,000 tonnes of rock extracted from the mine during previous periods of production, and we believe there are good prospects for finding significant quantities of gold in the finer grain-size fractions within the dump"
"it is Alba's opinion that there could be significant quantities of gold still left in the finer grain size fractions within the waste rock dump."
Hi Yanis
Yes I am...Originally bought in at 0.11 and sold the majority at 0.15/16/17. Then i did something i have never done before, I bought a lot more at prices from 0.42 to 0.3778 ( if memory serves me right) down to that Greek ponce and his bullish statements. Down a nice few quid which i wont go into ( £ks ). What about you?
It's bloody grim Yanis...But things can change. Unfortunately I have lost all faith in the Greek, thought it was unusual he had been quiet over the last couple of weeks, normally you can't shut him up. Th news today wasn't catastrophic although the price would suggest it is. PIs are just sick of being misled by this Charlatan, and that's what he is.
Very true Yanis, i can see this hitting 0.25 bid and hovering around there for a while. Volume will drop right off, and so will the posts on here. I will be watching for any significant buys in the coming weeks, but that is a long shot. The more I think about it the more certain i am that clever money has been departing for many weeks, we have to hope it comes back. I think the PIs have been treated as you do mushrooms..
So true ocelot/yanis But I just can't think of any announcement ALBA can come up with that will steady the ship and give confidence back to very P***ed off PIs, other than they get some gold out the ground. The likes of Greenland. Limerick, are miles away. Even Clogau is months away. Once again those trying to catch the bottom have been hit with a barrage of sells just now.
We all feel a bit dejected Willow. I'm waiting for the MMs to take this to 0.25 bid to try and take a few stop losses out. Whilst there have been some pretty large sells and consistent ones at that. There have also been a few nice buys, they are already well down..
I was going to go through the past RNSs and podcasts again, but that would have meant me retrieving the computer from the garden where i threw it. I wonder when we will next hear from the Greek? Would take some front to do one this week.
Anyone selling their shares, i completely understand. I'm just too obstinate...Anyone thinking of adding, you are braver than me. I can only see this going down from here. What we have to watch for is large consistent buying, and i wont be holding my breath.
On the 8th January the share price was 0.45p. Then that statement came out which was good news, in particular:
The Company is pleased to report that the bench-scale testing was successful. In particular:
-- good gold recoveries were achieved, with 78.06% of the total gold content being captured in the Gravity concentrate plus Concentrate 1 of the Gravity tailings fractions.
The selling has been non stop since then. Yet he is giving good news! B****rd
8th January 2021. Is this misleading or not? I topped up on this RNS.
Final minor adjustments and tests are being carried out in respect of the Company's pilot gold processing plant, and the Company accordingly expects to be able to commence processing the 36 tonne bulk sample collected in September-October 2020 in the week commencing 11 January 2021.
A small amount of bulk sample material was sent by the Company to an independent laboratory for bench-scale testing, in order to validate the process flowsheet which has been designed by the Company for ore having the particular characteristics of Clogau ore. The Company is pleased to report that the bench-scale testing was successful. In particular:
-- good gold recoveries were achieved, with 78.06% of the total gold content being captured in the Gravity concentrate plus Concentrate 1 of the Gravity tailings fractions.
I don't know if anyone can throw some light on how our finances are ( elir 71 perhaps ? ) But I doubt we are flush with money. So as we all know at some point with all this work and drilling going on we are going to need money. Is this where Ms Henson comes along? About time her and her high net worth individuals stuck a few quid in, now that would give the market some confidence, unless it is at a silly price of course..Quite easy to see by reading the board today that apart from one or two posters the rest of us feel totally deflated..
If George had any sense he will keep his head down for the forseeable future, or until he had something to say that was going to restore some confidence in his reputation. Because at the moment his reputation is currently lower than a penguins ar** in my book.
I don't know about this all being a con, but grinning George has definitely strung PIs along. As i said earlier, why continue taking samples from these workings if he isn't expecting good grades? Makes no sense to me, would be better concentrating on work elsewhere. It is now patently obvious that others who knew ( there is always someone who knows ) were selling whilst Grinning smooth talking George was doing his best in luring investors in. What have they been doing for 3 months to just test half? A shovel a day?
So...he has bought himself a few more months with todays RNS. One thing is crystal clear, he is not to be trusted.
I'm not reducing as I'm lucky in that I can wait for as long as it takes. But that would appear to be a pretty long wait, because can't imagine any news for quite a while that will benefit the share price. With all this " chomping at the bit " nonsense, and positive tweets, podcasts, newspaper articles, this bloke now appears to be a typical AIM Charlatan. Whilst the PIs have been adding due to his statements, others who were better informed have been selling from 0.48 downwards. This man goes on the not to be trusted list. All he has done this morning is buy another few months...I expect this to settle over the coming few sessions at 0.25ish.
Not too impressed by todays RNS. Has the look of more jam tomorrow...I have to ask the question, if the company isn't expecting good grades off current samples, what is the point of carrying on doing it? Why not concentrate on the new drills and abandon the current one?
He is simply buying time imo, can't wait to see the next podcast, assuming there is one of course. The time it has took to process just half of the sample is slow to put it mildly. Market told us that the news from Wales wasn't good, and once again it is proved right. Wish I had listened.. Can safely put these on the back burner for a few months.