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Indeed so alreadyinuse shouldn’t be surprised
@noobz
Granting of options is normal especially since directors could be accused of insider trading if they piled in when holding privileged information
Yes this is the new ceo I’m saying alba directors are likely to also receive options in greenco along with the initial lot so it is silly to assume that they won’t be looking after themselves. Personally the shares held in alba is a good thing tho as it means we receive the shares indirectly and gives incentive for them to work hard at greenco which benifits us
I thought the main man at Greenroc is Kirk Adams
he certainly has an impressive track record and from what Ive seen a very pragmatic approach
Considering GF is chairman also of greenroc I would expect him and other bod to receive some options
Thanks elir 71 makes sense as long as directors don't help themselves to a few
Pokeman..link to OLD video. Georges comment was around ( 3.40) to do with limerick.
https://www.youtube.com/watch?v=GnAxJPrNluU
Let’s see
I absolutely think things are going well with the Permit application and Alba are not to blame for holding anything up. I fully expect it will be granted soon as soon as things are ticked off. As George said, in a previous Alba video about a unrelated de watering permit. "We are still waiting on that famous water discharge permit, If we don't get it soon. I will have to go over and dig it out of the council my self" You might need to do that for this one George.
But all may be going well just because of the delay doesn’t mean things are going well and that they expect it to be granted once these few items are ticked off
My point was(maybe it was not clear) If George had the information surely he would not have said everything going well on the RNS, If he new all was not so well. I am aware of the phone conversations.
@scotalba
Nice find re the BAT report
No I feel he already had that information at the time he premempted it. There was conversations the week before with a list of requirements to be felt a lot is done on the phone so we can’t gain everything from reading
The analogy with a house builder is that ALBA bring to the new venture a building plot on the cusp of having planning permission. The new investors bring cash to the table enabling the construction of a property (or at least some of it).
Building plot does not equal house
@alreadyinuse
Why do you think we should be "gifted" IPO shares ?
You as an ALBA shareholder are getting (indirectly) shares in Greenroc as ALBA would own a sizeable proportion in exchange for the licences they are transferring to Greenroc. As such you as an ALBA shareholder would benefit from appreciation of the Greenroc business. Non ALBA investors will be bringing cash to the table, to progress these projects.
Interesting reading all the thoughts on the Permit application yesterday evening. I guess enough said on this topic for now.
The fact that George stated "Dewatering Llechfraith Shaft· Permit applications progressing well." in the 19th July RNS shows Alba were somewhat blindsided, if that is not to strong a word, by the request for the delay in application deadline on the 23rd July.
Agreed alba have sent several emails asking for update on time clearly keen to progress the dewatering ASAP. NRW allowed the application to be duly made in March meaning all requirements were ill filled then waited the full 4 month determination to ask for more!! Blame on NRW
Ian67
I agree so many hoops.
I would think all that previous bat work would be of great value with this application. From reading between the lines on the permit application website. I can not help thinking (from what I know about such permit applications) that Alba has been asked for some information, that they should have been asked for much earlier in the process, so the delay has been caused by NRW . I pretty sure this is what has happened. Lets hope NRW will pull out all the stops to get thing moving quickly for us now.
SAlba,
I could sort out their bat problem :-) rats with wings ........ all joking aside its frustraiting how many hoops we have to jump through.GL
Sorry here is the link Environment Systems
https://www.envsys.co.uk/projects/clogau-gold-mine/
I am optimistic that the elusive de watering permit will arrive sooner rather than later.
I believe Alba are very knowledgeable, when it comes to permit application, and environmental matters, and have the full support of all involved in the process. One of the reasons I invested in them was the total confidence I have in Alba for getting all of the permissions needed to mine in such an environmental sensitive area. I never lose sleep over whether a permit will be granted. I believe the hold up for this permit is not due to Alba's lack of effort in providing the information required. Alba will be frustrated at the length of time taken for this permit to be signed off, just as we are. These permits are very complicated, the red tape is thick.
I have copied a link for those interested, its a from "Environment Systems" Alba(GMOW) commissioned them to carry out bat surveys in 2018 and 2019 at the Clogau Mine. Thankfully Alba do not need a dormouse specialist, but we have bats and fish have to be looked after.
I would expect the permit to be granted within the next two to three weeks, maybe even next week. I certainly do not think it will be September.
Watching TV last night and it was on the development of smart motorways. They had a dedicated dormouse specialist on the pay roll. You could not write this stuff......
Elir, Let’s hope Alba have anticipated this request for additional info and like you said, a report is already prepared. NRW would surely not want to delay this any further knowing how important an issue this is ??
Scotgold on BBC2! Maybe this will boost the SP tomorrow...we can only hope. Alba Minerals should get a bite of the cherry as well from the BBC. Let's see. GLA
@Mark
Its an odd one when dealing with the authorities, sometimes its better to just give them the information they ask for, as giving them superfluous information can open cans of worms. So its an understandable strategy. The nature of the additional info required is not specified, though it is hinted at that it is to do with species and their habitats. It may be the case that these reports are already at hand, and if so then the process would be quicker than having to undertake these studies from scratch.
I have asked the company for clarification, but received no reply. Perhaps it will be responded to in a more public manner, which I would fully understand as it is reasonably sensitive information.