George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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II letting me buy 3m
GW - I look at it, the more the coal sells for the more EDL get from ILTL, as I would expect there will be varying grades of coal, and pricing will be varying as well.
JohnZ - makes no odds really - ILTL could be selling the coal for $1000 a tonne (I know that's a stupid analogy) but it's how much they are paying us that is the key figure.
GW - everyone seems to have missed the statement where it was stated the price for coal would be in the upper price range as the coal was of such a quality. (OR SOMETHING ALONG SIMILAR LINES"
JohnZ - the 4500t b/e was in a December RNS if I recall. It's slightly irrelevant now anyway as it's not our current operational model.
The important figure is what is the level of gross profit we are getting per tonne from ILTL - that informs everything.
20M sold 0.002% of shares issued and the SP goes down 11.76%
SC - do not know where you got your BE tonnage but in RNS 18 July 2019 it states:
we target an initial washed coal production of 6,000 tonnes per month, which we consider to be a breakeven level
Absolutely Sausage
They're opinions because we don't have the hard facts yet - and neither, far more importantly, does the market.
Anyone know when the next P&D will take place? Nice 10-20% keeps the trading account ticking over lol
That's my point, we speculate when we have no facts, that is why I state "it's my feeling" that kinda suggests to those reading that it's my interpretation, my speculation
Completely agree with you and thanks for info. It's taken years of placings and declining sp to raise the funds to be a producer. I feel optimistic the mcap will be higher than 3.5mill but with good margins, handover and Lind sorted. Not long in anyrate to find out
SCC - that breakeven is the old model so doesn't correlate to the ILTL model. We will get paid a sum per tonne of coal by ILTL, so there is no breakeven level for us and we make a gross profit on every tonne shifted.
But it's those "unknowns" that are holding our share price back.
We're not a speculative AIM investment anymore - we're a producer so, as AM has said, it's the numbers that are important.
And the most important number is our net profit.
Also breakeven is stated at 4,500 tonnes of washed coal per month too.
Soft boiled eggs is still at it, as the Mexicans would say, (not not wishing to offend those of a religious nature)
HAY ZOOS.
Negative conjecture !
But Saus you are also speculating !
.......that Edenville will use the upcoming Tanzania election as some kind of reason or excuse as to why the visas have not been fulfilled, and that's the reason why the handover still hasn't taken place. If the visas had been issued that would materially change events and that should be RNS'd. There has been no RNS and as such my view is that the visas have not yet been issued.
8 days until the end of the month, 8 days until the interims are due, 8 days before the handover of the mine is due and still we sit here with no communication from the board of directors. No output figures and Lind want their money back by the end of November.
We need the positive pieces of the jigsaw to fall in place very soon.