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All sitting around staring at more maps
https://twitter.com/albaminerals?lang=en
How are they going to show gold production when they haven't even finished scoping out the extent of the gold bearing zones or even attained permission to mine? You can see from the RNS that they have found new zones adjacent to historically productive areas, yet the govt (as usual) is dragging its heels over granting the go ahead to dewater or mine. The company have clearly been very busy trying to progress things but are at the mercy of stifling govt bureaucracy.
You need to obtain the ingredients and the methods to make the jam. You can of course come back once the preserve is made and in the jar, cooked and ready to eat. You will however pay more at this stage. I guess the risk of getting in early are the recipe goes wrong. However if we make some lovely jam the taste of the rewards of success are that much better. GGP was once this price. I am not saying we will reach the SP they will but I am saying I am glad to be in here early. Keep Well
Try 3
https://www.lse.co.uk/rns/ALBA/clogau-update-3deddtsai44nlxe.html
yet all of it, somehow, doesn’t mean anything. George just tell the bloody truth!!!
Everyone keeping the biscuit tin full for the directors, they must be loving life just pottering about an old mine getting nowhere fast. I’m astonished by no gold being g shown in 2 years
Been waiting since January to get water out
https://publicregister.naturalresources.wales/Search/Results?SearchTerm=Clogau+Mine&sortBy=Relevance&filters%5BLocation%5D=&filters%5BLocalAuthority%5D=&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date
Good old efficient welsh Government helping the local economy taking 9 months to look at taking out natural water
pdf version:
https://www.rns-pdf.londonstockexchange.com/rns/5272M_1-2021-9-21.pdf
It has therefore been determined that a new branch of the vein system exists between the
Jack Williams and 7-10 Lodes and forms a key part of the Main Lode System Extension
(see the red plane in Figure 2). This new branch has been called the New Branch Lode.
This is an exciting development as it adds further new development potential to the zones
already identified in the Company’s drilling campaigns.
Get the god damn water out
“In respect of the Company's dewatering application for the Llechfraith Shaft, Natural Resources Wales ("NRW") are in the process of undertaking a Habitat Regulations Assessment ("HRA"). The completion of an HRA will facilitate Alba's mine development plans going forward.“
Alba's Executive Chairman, George Frangeskides, commented:
"We wanted to provide a fuller update than usual in this release, as we know that shareholders are keen to learn in detail of the progress of works at Clogau. As Mark has highlighted above, we believe we are now in a strong position to move this project into the development phase, with no less than three significant new target zones identified within the existing envelope of the mine and, no less importantly, being target zones which should be accessible by putting in a relatively modest amount of new development.
It is because of the success of the unprecedented drilling campaigns we have designed and executed at Clogau over the past two years, which have unearthed several genuine development targets within the mine, together with the dedication and skill of our technical team in making sense of what is a highly complex structural setting, that we can now seriously begin to plan the work which is needed to access these new target development zones.
At the same time, none of us should shy away from the fact that there will always be challenges along the way as one seeks to build the technical and economic case for reopening a historic mine. It will not always be plain sailing! It is true, for instance, that the processing of our application for the permits to dewater the Llechfraith Shaft, one of the three development zones highlighted in this release, has taken considerably longer than we ever envisaged. It is understandable that the regulator should exercise all due care and caution when considering any application for the discharge of water into the watercourse.
However, in respect of the specifics of our dewatering proposal, as shareholders can read for themselves in this release, the thoroughness of the technical work completed by our highly experienced consultants, the robustness of the dewatering scheme they have devised and the extensive supporting data we have compiled over the past 18 months give us a great deal of confidence in the merits of our application. We therefore look forward to it proceeding to a determination soon."
Alba's COO and Senior Geologist, Mark Austin, commented:
"We are pushing forward with our development plans at Clogau. An up-to-date mine plan is coming together, pulling together the key development zones we have identified in our drilling and other work activities. For instance, the Phase 2 surface drilling completed in July has enabled us to determine that a new branch of the quartz vein system exists between the Jack Williams and 7-10 Lodes, forming a key part of the Main Lode System Extension.
The fact that this New Branch Lode structure is only 22 m horizontally to the north from the 7-10 Lode on the Llechfraith level, with the Jack Williams Lode only a further 23 m away, means that with less than 50 m of development - which is tiny when compared to the already several kilometres of existing underground development - we will be able to access never previously mined zones with these two Lode structures, which have contributed a significant amount of the past gold production at Clogau.
One of the keys for old mines like Clogau is to establish efficient ways to access the new development zones we discover through our drilling and other exploratory work. The New Branch Lode gives us exactly that opportunity, not least as it has also helped to open up a further new development zone on the Cornel-2 level. Subject to completing some relatively straightforward safety works, our team will be able to access the Cornel-2 level and gain in situ exposure to the New Branch Lode (involving about 35 m of workings) and the Jack Williams Lode. It also means we can access the 7-10 Lode high within the critical Clogau Shales package."
The potential in the Dolgellau gold belt is "huge" ... but it can't be unlocked in a day.
The spin-off of the Greenland portfolio into a separate listed company is an astute move and should help both the portfolio and Alba to advance more quickly.
I have no explanation for the lacklustre share performance so far this year: as far as I am concerned, Alba is doing everything right and offers a cheap buying opportunity at the present share price level.
George is on to his new venture which I wouldn’t touch based on his poor performance here as they clearly don’t value shareholders just their salary for renewing & exploring over & over with a bit of trash can testing
If George ever delivers a bean
£14m market cap. Will Greenroc Mining, flush with cash, be making a bid for Alba? :-)
ah ok, tried to PM you. easy enough to find me on fb or gmail
Buy-sell..
I got my average down to 0.07 when I bought loads at 0.05and sold everything above 0.53 twice! I put that money into prem at 0.048 and sold at 0.39. The only thing I got wrong was buying back into Alba at 0.4 down to 0.27. I’ve always felt the sentiment was killed instantly when Alba took the moneycor placing and announed it at 8am last year…..never recovered in my opinion. The only good thing is I have 20 times more Alba shares than I’ve ever owned and my pf is 10 times the value it’s ever been, even at this low sp. I am grateful to Alba because of my almost 10 bagger in alba followed by prem ( doing well in mos too ),I can afford to see, if it is the case, George flush all his turds down the toilet and I’ll still be well up. This is all about trust, just look back at all the rnss, tweets, videos etc and tell me how this has dropped 60% this year? By the way, I do hope to see a decent bounce soon and I’ll be minted. Whoever is at play here driving this down will want to see a healthy return for their efforts.
I do not have a subscription here for any premium services. With there being some issues on the non subscription side of things, I have not bothered to look at LSE’s subscription offerings.
Is it worth the money here compared to any other site, like A D V F N?
Moodyboy….
Half of the posts on here, are enough to put any investor off. But anybody investing, should only invest what they are prepared to lose…..As the saying goes, blah blah blah.
nookie…..
Wow, 8 years!!! But then I suppose you did say you were too stubborn to sell at a loss haha. It’s been just over a year for me. But thankfully, I didn’t buy in last December….eeek.
Bod seriously need to pull their fat fingers out!
isnt HH pumping oil again as of yesterday ?
First in around 2 years. ??
Not one drop of oil or one grain of gold in 8 years and I still hang on hoping for the best.