RE: Who is adding on Monday?27 Sep 2020 14:20
I too added shares all the way down to 0.058p. Managed to bring my average down to a reasonable level (~0.2p) and have added considerably to my holding to do that.
Haven't sold a single share yet (and this is not asking others to do the same, each to their own. Well done nookie you seem happy with selling some). Is just that I believe the SP has legs. IMO the journey just begun. FOMO hasn't arrived yet ...
Been in Alba since 2017 and prospects and interest in Alba never looked as good. Yes, Alba has a lot of mineral assets but they never before seemed to be valued in the SP, it was always oil and the link to Ukog (which at last is broken). All the previous spikes followed ukog moves up ... hence the disappointment.
This time round Alba is moving up based on its own accord, particularly Clogau. Other assets are still not priced in.
Nothing is guaranteed, but the chances now with modern exploration techniques are that they will strike gold at Clogau. GF describes potential as "huge" and if you know GF he is not normally upbeat!. Reports of 500k ounces of gold - The Daily Telegraph. Also, Alba already brought up samples of gold from the initial explorations.
The amount of gold in question here is quite substantial. Even 10% of that is many times the value of the current SP. Ocelot did some calculations earlier.
Nothing is guaranteed, but if they strike and the Clogau project takes off ... then add Greenland assets which they will begin to get noticed next year ... and imagine the SP.