RE: Knowing George Frangeskides29 Aug 2020 16:07
CofE n
Nice to see you back, but why are you so concerned about subsidiary companies?
From last RNS “The Board of Directors of Alba Mineral Resources plc (the "Company" or "Alba"), the diversified mineral exploration and development company, is pleased to report the Company's interim results for the six months ended 31 May 2020. They incorporate the results of its subsidiary companies Aurum Mineral Resources Limited ("AMR"), Mauritania Ventures Limited ("MVL"), Obsidian Mining Limited ("OML"), White Eagle Resources Limited ("WERL"), White Fox Resources Limited ("WFRL"), Dragonfire Mining Limited ("DML") and the Gold Mines of Wales group of companies ("GMOW") (together the "Subsidiary Companies", collectively with Alba, the "Group").”
They are Alba subsidiaries - Why so many? I haven’t a clue. But does it matter? Alba’s cash burn is very low. I am sure GF has his reasons. Personally, that doesn’t concern me at all.
We are about to embark on a major re-rate. If you have shares, sit back and enjoy the ride. GL.