RE: Alba24 Jul 2019 07:33
MrMagoo, far from it, the Alba BOD is probably one of the best on AIM - very low cash burn to keep the lights on, care about shareholders (did not issue another 250 million shares to pay for HH costs, instead they let go of a very tiny portion of their stake - 18.10% down to 18.0x%, Bought shares at a premium to market value, etc.).
The issue here is the fact that at HH, as yet there is no Kimm CPR and Angus has killed sentiment. Look at the Ukog SP struggling to stay above 1p since the Angus Brockham duster RNS.
Currently Alba is linked to the Weald oil and that is why the SP is depressed. This depression should not stay for long, as we know Alba has the mineral assets and one of those is likely to fire up soon. I am still holding all of my shares and patiently waiting. GLTA.