Alba Mineral Resources Share Discussion Threads

[hans christian andersen] 05/12/2017 08:24

And in today's most useless shuffling of worthless assets as an excuse for a disguised placing we revisit Gold Mines of Wales, the owner of the Dolgellau gold prospect in the heart of sheep shagging country.

For all the talk of there being gold in them there hills, this asset will never produce. It has been used as a stock market promote for years and years by various entities. The biggest and most shameless promoter was, of course, Big Dave Lenigas as Doc Holiday exposed on this website several times.

That was when GMOW was owned by Stellar, which has now changed its name to Primorous (PRIM) - and which today announced that it has sold its entire holding of 49% in Gold Mines of Wales Limited to Alba Mineral Resources (ALBA) for a total consideration of 83,333,333 shares in Alba.

Alba is of course also linked into all the other minnows exposed to the Lenigas Horse Hill plays so it is pretty much a connected party. So what will Primorus, not drowning in cash, do with its shares.

"At Alba's closing share price on December 1 2017 of 0.38p, these shares had a market value of approximately £316,667 and will represent 3.6% of the so enlarged issued capital in Alba. These shares are subject to a six month orderly market agreement and are due to be issued immediately upon completion of this agreement."

Hmmm. A six month orderly market agreement means sweet FA. It means that brokers will place the stock out at will as of now. In effect Primorous has raised some cash by getting rid of a worthless asset. It's good news for it. But what is Alba thinking? Surely it should be focusing on its exciting Horse Hill and Weald Basin oil plays and not diluting shareholders to buy a worthless asset? Might it perhaps realise that the Horse Hill ramp is over and it will soon need a new promote?

[elcapital2017] 04/12/2017 16:11

Anybody remember welsh gold....the ofex stock? ????? Just saying

[elcapital2017] 04/12/2017 16:09

Ignore at your peril. I haven't lost a penny on these spiv stocks, actually well up on shorts. How about you Johnby. ......how much are you down?

[blueblood] 04/12/2017 13:50

Everyone needs to chill out and wait for Q1 but as soon as H/H starts this will go mental imo

[xsteelcity] 04/12/2017 13:44

You say you don't like these companies. Are you stuck in this share at a higher price and can't get out without a loss??.
Your comments make me nervous of investing

[elcapital2017] 04/12/2017 13:43

You should keep away from rackers. He has a disease. The twt is filtered but follows me around like a clingon

[elcapital2017] 04/12/2017 13:42

You make your own choice. I am not angry, quite sedate actually

I dont like these resource companies on aim that are talked up by mug punters to silly mcaps.

[xsteelcity] 04/12/2017 13:40

Can I ask elcapital, why are you so aggressive?
Just looking at buying ALBA, due to gold, and reading this board, you seem to be angry for some reason.
Should I invest??

[rayrac] 04/12/2017 12:59

They do seem to wander around a bit. Greenland for inst, have they got the resources to finance that in any way?

Perhaps they are looking to the weald to do that for them?

[willo] 04/12/2017 12:37

The problem here is that this will dilute management's focus and undoubtedly require working capital / cash to take forward... Most people are invested in Alba because of its HH exposure. We will suffer dilution to deal with the funding requirement of the other assets that they are acquiring; as a shareholder I am not happy.

[backmarker] 04/12/2017 12:32

GMOW doesn't appear mainstream for ALBA.

Is it worth £300k+, even if it is in shares ?

We are not majority owners.

Will we be expected to put something in pot to get GMOW operational and exploring ?

[dubjon] 04/12/2017 12:18

Not surprised the share price has fallen on such a dim investment.

[elcapital2017] 04/12/2017 10:48

you are an idiot bob

[bobdown2] 04/12/2017 10:34

Looks like a good move from alba...using two assets of potential to buy a third asset of potential....

[25wbh] 04/12/2017 10:05

The RNS from primorus,

They seem happy with Alba,s holdings in HH and Thule black sand



Primorus Inv. (LSE)Prima Industrie SpA(BATSEU)Prima Industrie Spa(CHIX)Primoris Services Corp. (MM)(NASDAQ)Primorus Invs Plc Ord GBP0.0001(NEX)(PSE)















Primorus Inv. Share News (PRIM)



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Share Name

Share Symbol

Market

Type

Share ISIN

Share Description

Primorus Inv. LSE:PRIM London Ordinary Share GB0002673332 ORD 0.01P





Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

+0.00p +0.00% 0.175p 0.17p 0.18p 0.185p 0.175p 0.185p 7,104,168 08:29:19



Industry Sector

Turnover (m)

Profit (m)

EPS - Basic

PE Ratio

Market Cap (m)

General Financial 0.0 -0.7 -0.1 - 4.89

Print


Alert



Primorus Investments PLC Sale of Gold Mines of Wales Investment

04/12/2017 7:00am

UK Regulatory (RNS & others)



Primorus Inv. (LSE:PRIM)
Intraday Stock Chart

Today : Monday 4 December 2017
Click Here for more Primorus Inv. Charts.
TIDMPRIM

RNS Number : 2181Y

Primorus Investments PLC

04 December 2017

Primorus Investments plc

("Primorus" or the "Company")

Sale of Gold Mines of Wales investment to Alba Mineral Resources PLC

Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to announce it has, by way of a sale and purchase agreement and loan assignment, sold its entire holding of 49% of the issued share capital in Gold Mines of Wales Limited ("GMOW") to Alba Mineral Resources PLC ("Alba") for a total consideration of 83,333,333 shares in Alba.

At Alba's closing share price on December 1 2017 of 0.38p, these shares had a market value of approximately GBP316,667 and will represent 3.6% of the so enlarged issued capital in Alba. These shares are subject to a six month orderly market agreement and are due to be issued immediately upon completion of this agreement.

Alastair Clayton, Executive Director commented:

"We are pleased to have found a natural home for our minority stake in GMOW and in doing so gained a significant stake in Alba. We believe the project fits well with Alba's portfolio and expertise in directly managing natural resources projects and represents the best execution of our investment mandate for shareholders."

"Pleasingly we now have a more readily valued investment in Alba and through this retain some exposure to GMOW over time as well as a portfolio of Oil & Gas and Mining projects."

"Furthermore we, through our shareholding in Alba, gain more exposure to the Weald Basin via Alba's 18.1% holding in HHDL and significantly in Alba's 100% owned Thule Black Sands Project in Greenland where Alba recently reported 65 samples collected from the Thule 1 target showing a weighted average Total Heavy Mineral ("THM") content of a high-grade of 46.7%."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact: