The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Same as Kelbelle and Notforalongtime i'm afraid..
I e-mailed a couple of weeks ago being careful not to ask any question which could be seen as price sensitive, as I know better than that. Not a dickie bird in response...e-mailed again this morning and once again haven't had the courtesy of a reply, though being fair it has only been a few hours. It's the height of bad manners imo. He will get some choice correspondence if after all his promotion and big smiles this assay is no good.
Very disconcerting to watch as the downward pressure continues. They seem to have as many shares as needed to keep pushing this down. Soon as a bit of buying starts in they come, and it makes for uncomfortable viewing. Question is, where are these sells all coming from? could they be borrowed? My opinion hasn't changed over the weeks, it's either a placing or not so good news from Wales. I hope it's a placing. Most people would take a placing and good assay results. With all that is going on the money has to come from somewhere to finance it. Just hope Ms Henson is the one who provides it.
Yanis
The problem is that the vast majority of CEOs don't give a toss about the share price. If you ever speak to one of them and i have on many occasions, they will say just that. They concentrate on the job in hand and believe the SP take care of itself. One advantage they do have is that they get paid whatever happens. I was only pointing out that as CEOs go George is never slow in promotion of the company, not many can say that. Most ignore their shareholders and the idea of releasing updates is like asking them to murder their first born.
An earlier poster mentioned the volume around UKOG, over 1b traded in first 45 minutes, and comparing it with ALBA. I have always said i believe this share price has been forced down, i also stated why this imo was being done. I honestly think George is doing a great job with promoting the company, i know my friend Yanis disagrees and that is fine. UKOG leader Mr Sanderson never says anything, but what that company does have is a team of professional rampers who flood all social media and the BBs with opinions whilst not mentioning the facts. There are also ( i am reliably informed ) 2 very uindividuals who actually control the price whilst filling their pockets. Our time will come i believe, but when i wouldn't want to say...But it will be based on facts not dreams.
Oh I've clocked it alright Lee...I used to hold them but got the hump with them doing nothing but drop. Sold and got out with a tiny loss few months ago. All they have done is announce that they have permission to drill in Turkey. No mention of where money is coming from to do the drilling. On just that they have soared to 0.34 from around 0.11. Just shows what can happen.
It actually wouldn't do ALBA any harm to put out a tweet saying that samples have now been sent for assay, and we now await the results. I wouldn't imagine a lot of work took place over the bank holiday weekend. They are quiet these days, normally there seemed to be plenty of promotion most weeks.
Just been reading one or two articles regarding how long it takes to assay gold. Remember that the company did announce they would be all of Q1 taking samples. It can take apparently 18 days to get assay results. Bet that makes you happy? So on that basis, we are not overdue.
Can't have it all ways guys...Some complain when ALBA give out updates and promotion of the company as " no point to it " etc.. They can't bring out the real information until it is ready. But...yes it surely should be here by now, and because it isn't, some including me are thinking things aren't as good as implied by all the self promotion George has done. Just saying that's all. Would be very happy to be wrong believe me.
Hi Andysel
I'm certainly not trying to give a false impression, i hold here and i hold reasonably large. I read your post with interest and thank you. Money we had in November will be getting eaten away, it is the same with any miner or oiler. They go through money like water, but we all know that. £1.2m to the likes of us is a great deal of money, to an AIM exploration company it is not a great deal. My opinion will not change on what I have seen over the past few months, everything I have seen screams either placing or worse than hoped for assay results. FWIW I would rather they did a big placing, enough to not worry about money for say a year, and get it out the way. We can then move forward.
Everybody is assuming that should there be a placing that the price of placing will be low. You may well be right, and 99% of placings are done at a figure lower than the current share price. But i have seen placings in shares where the figure is in fact higher. It will depend on how bad the investors want in, and of course the integrity of our board. I think we are in agreement that this price has been forced down considerably in the past 3 months or so, and it has nothing to do with fantasy holdings of some. It has imo been forced down so any placing can be done without causing uproar from the shareholders. We will see in the fullness of time, and of course which comes first, Placing or assay results?
I would see it as a huge plus if Ms Henson clients were to invest in ALBA. Much better than raising money off those who would just be looking to flip them with a profit whilst the shareholders get diluted. I have been saying for ages that Ms Henson was brought on board for that particular reason, if not why is she here?
I have to admit I did get the impression that the assay results would be with us by end of first quarter. I was wrong as were others, just taking samples throughout first quarter. Seems a bit of over egging the pudding to me.
2nd March Mark Austin said:
"While we should await the results of the drill core assays before reaching any preliminary conclusions, the significant dimensions of the Llechfraith Lode, as defined by the drilling so far completed, indicate that this could well be a significant contributor to future production at Clogau-St David's."
If that isn't a confident statement I don't know what is.
UKOG which ALBA has a small interest in announced this morning that their results will be late. They are currently up over 17% and climbing. How does that work? Bad news and everybody and his dog are piling in.
I remember posting on here months ago that the market always knows about company news well before the general public do, and the share price will tell you whether further news is good or not so good.. Well if that is to be believed then whatever is coming our way is not so good.
However...I have been revisiting RNSs, podcasts, TV interviews, basically everything, and I just can't get away from the confidence mostly George, but also Mark are giving out. It just goes against all forms of human nature to give out that kind of vibe then having to announce bad results. My head is telling me to bail out, but I will take all the previous announcements at face value and wait, but the confidence is ebbing away.
Usually...You can't shut ALBA up with RNSs, podcasts, tweets, youtube. Haven't heard anything from them for a couple of weeks. In any other company that wouldn't matter one iota.But when you court publicity like George does, and the share price continues to weaken, it isn't filling shareholders with confidence.