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The last figures said 4000 tonnes at 1.7g/t but that could change a little as we are sampling again.
Supreme Court should be ruling on horse hill soon, if that goes in our favour it could increase the value of our stake, every little helps!
Sorry meant 0.669 ish are buys… GLA
Just bought little over 1million more - buys are about 0.69ish - there have been a lot of buys the last few days but I assume we’re still absorbing the new shares in issue - once absorbed (along with news) the brakes should come off… Come on Alba can we have more gold results please…. GLA
If this 10 bags from here now i'll just about break even :(
COME ON ALBA For christ sake lets have some news ,,ggrrrrr
MontyMcgree,
Bit of a 2-edged sword, inflation. It reduces the value of currencies, enhancing the appeal of gold. But central banks fight it with interest rates so there is an opportunity cost in holding gold.
Ocelot inflation is bad for gold, if there's a lot of currency sloshing about, loose lending & big spending, why would you park your money in a safe asset?
The 1970s gold price was down to fear and uncertainty during the oil/energy crisis - https://en.wikipedia.org/wiki/1970s_energy_crisis
Also let us not forget the abandonment of the Bretton Woods system was in the early 70s so gold was always going to have some kind of price discovery after that
If there is the same level of non visible gold in the spoil heap ie 3.5 ozs per tonne , how much tonnage is there in the spoil heaps ?(which is easily accessible and planning is in place)
if this is the case we should be getting some really positive news and potential income into this business within the coming months. Answers welcomed!
Gold prices could soar through the end of 2025 if inflation stages a comeback, according to market veteran Ed Yardeni.
The Yardeni Research president predicted that gold prices could rise as high as $3,500 by the end of next year, implying as much as a 49% upside for the precious metal from Monday's price around $2,347. That's because inflation could follow the path it did in the 1970s, when prices began to spiral and gold went from $35 an ounce to a peak of $665 an ounce ...
https://markets.businessinsider.com/news/commodities/gold-price-outlook-record-2025-inflation-oil-production-us-economy-2024-4
In the very short term, the price can come back. In the longer term, think the gold price is heading upwards.
The article makes clear one of the principal concerns is the level of debt in the world, including that of governments, including that of the Federal government.
The Truss government showed the markets how instantaneously confidence in a government's ability to manage its debt can change to alarm and panic.
The traditional response of governments to debt which has become unmanageable is to inflate and thereby debase the currency. Hence a key attraction of gold.
I think it’s a cautious tail what goes up always goes down we just hope at a high solidified support! Lots going on though in the world, major elections both uk and overseas, wars, inflation/recession
Https://www.kitco.com/news/article/2024-04-05/gold-rally-just-getting-started
"... this hugely prospective, and still massively underexplored, gold belt." (RNS of 02/04)
It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 5 April 2024. (RNS of 28/03)
They certainly came from specific targeted areas I don’t expect a bulk sample to come back to the same level once we get tonnage but it certainly is important to see the kinds of numbers they are looking at we aren’t talking about single figures here!
I shall do! That was a very positive annd important rns missing!
I don't think it is right to describe the samples as coming from "a relatively small area". My understanding of the RNS is that they took 40 samples from different areas in level 4. Using their (dry weight) figures the weighted average Au grade is 3.5 oz per ton and it is worth noting that is for samples without visible gold. The 150 ton bulk sample they are planning will produce about 500 oz of Au if it contains similar concentrations, and it does not all need to be drilled or blasted because there is loose rock which was left at level 4. At over $2200 an ounce that is worth over a million dollars or about £900 000. That is without any premium attached.
Https://www.londonstockexchange.com/news-article/ALBA/clogau-gold-mine-update/16394550
Looking at the rns above must admit there are some decent grades reported albeit at a relatively small area.
Question is are we stuck in a deflationary loop where new ivestors are not willing to buy because the can allways buy cheaper at the next placing, and unless that circle is brocken we are doomed to be going ever further down?
After all 350k will not take long, so more then ever we need managment to put their hand in the pocket utherewise this will end up in tears.
I do hope I have got this all wrong of course and GF please feel free to prove me wrong .....
Winnie ?
For the benefit of those who cannot understand the ***** its the same as p o oh
admin on lse are ****e for rns's...... always have been always will be,.... ****e
Send them an email
Finally worked out what was meant.
Admins their is a missing rns which is shown on the companies website and on the stock exchange can this be corrected and added to the rns list those grades are very strong and it’s a shame new investors may miss that vital information!
Released : 26/03/2024 07:00
RNS Number : 2401I
Alba Mineral Resources PLC
Well the good thing is for current investors even if Alba never deliver production I think they're likely to hit more really high grade samples to create some buzz and spike the SP to give you a chance to exit
Actually Alba hold 100% .. this will be the first proper year that Alba can totally focus on Clogau.
Especially after Covid, Permit applications and IPO of the Greenland assets.
Granted it has taken time but Natural Resources Wales didnt help matters.
I think a few posters are Worried that Alba will produce Gold, that could impact The Roberts Family.
There is Gold and Exploration, Sampling needs doing. There are Bonanza grades of Gold but it needs calculated exploring.
I believe Horsehill should of been Sold and any loans repaid.
There's more Regulations now, that's not GF or MA fault. I'm down but I believe
I thinks Aim999 post reference Bamps and Paddy and the falling knife is on the wrong board. I am sure it was meant for the GGP forum not here