Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Looking at all their updates since 2007 (14 years!!)
https://www.lse.co.uk/rns/ALBA/?page=10
No revenue & Nothing mined
Just funding George’s hobby & lifestyle here - lots of blah blah but zero delivered
Why would anybody invest in one of his spin offs as he has absolutely no proven credibility?
He really needs to deliver sone gold beyond checking the trash after so many years!
Ive been looking for any sort of planning applications on the Gwynedd Gov website, getting lots of "no results" anyone else have any better luck? https://amg.gwynedd.llyw.cymru/planning/index.html
Lee, I dont know if ALBA are going to follow the normal mining route, if they do, its a long long long road, Exploration, discovery, scoping study, pre feasibility study, feasibility study, environmental impact study, financial study ............... and on and on and then all the planning permissions, public hearings and on and on
#Oilybloke how long would you have thought this process would take 6months 12,18,
On the gold front, there`s methodology to follow.... Boxes to be ticked by other parties etc, etc.
It`ll be worth following the proper process, and correct working practices...pays dividends in the long run.
Alba will be ready to realease update news when they are ready.
My understanding drill some holes get the jcbs in or machinery, run through the plant ,extract gold,,investers are happy and while this is happening a team is testing more holes jobs done,it's not feckin science
View from Vox
In recent weeks, Alba told investors that it had identified a new high-grade regional gold target within the group’s exploration licence area close to the Gwynfynydd Gold Mine in Wales.???
The discovery was made during a recent field exploration made by Alba over a gold target in the extensive exploration licence area which lies close to the Gwynfynydd Gold Mine.??
Alba is planning to undertake a follow-up field campaign of mapping and bedrock sampling in August 2021, which will aim to identify further examples of mineralisation and to better constrain the structures that are potentially critical for both styles of mineralisation.?
Meanwhile, Alba also gave investors an update on its plan to divest its Greenland assets, namely the Amitsoq, TBS, Melville Bay and Inglefield Projects, into a separate vehicle.???
As outlined in May 2021, subject to regulatory approval, the Company’s separate vehicle, which is also referred to as “New Listco”, will seek to be admitted to trading on AIM.????
New Listco will acquire the Greenland Projects from Alba for shares, and simultaneously with the listing New Listco will undertake an Initial Public Offering fundraising to secure the necessary working capital to fast-track the development of the Greenland Projects, it noted.???
In addition, Alba's recently proposed Greenland-focused, spin-out company will enable it to form a new vehicle that could unlock ‘real and sustained value’ across its Greenland projects which the company views as being ‘materially undervalued’ within its current asset portfolio.????
As part of the Spin-Out Transaction, Alba will receive New Listco shares valued on IPO at around £6 million, resulting in Alba becoming the majority shareholder of New Listco.???
V O X M A R K E T S
https://www.**********.co.uk/articles/alba-mineral-resources-completes-phase-2-drilling-at-thule-black-sands--f74b077/?utm_source=Vox+Markets+Newsletter&utm_campaign=d22dbf2f19-EMAIL_CAMPAIGN_2021_08_24_11_51&utm_medium=email&utm_term=0_9a70c2b674-d22dbf2f19-108944223
Yanis,
I haven't given the mechanics of the operation any thought, I'm afraid, other than expecting it to be wrapped up pretty quickly once launched.
Ocelot, I expect them to announce the IPO launch date first along with the issue of a prospectus - is this what you expect too?
Whether it is late August or early September, it must be very close now.
Ocelot, is only 3 trading days left in August, I don’t believe this is enough time for launch this month. However, they could announce the IPO launch date which could be in September.
It is in the first full trading week in September that most market participants will be back from their holidays - wonder if the IPO timetable may not slip into that week.
Currently 0.255 - 0.255
Expertly keep this down or terrible mismanagement of expectations!! The only thing I will say is I can’t explain why the bulk samples were hyped last year then downplayed whilst assaying then turned out to be decent. Let’s hope the next run of news is more along the lines of the last Greenland rns which I thought was very well presented
As above gla.
I hold circa 30m here with a B/E of 0.11 having sold 5m over 0.5 and completely de-risked. Sadly it is residual proceeds of my U complete dog (UKOG) holdings. If it goes to 0.7 it will get me back in profit overall. Unlike UDOG it has genuine prospects - fingers crossed. GLA
Maybe next week if all goes well elsewhere
Something brewing here. Lots of accumulation has been going on by parties in the know, it would seem. Seen it before with other examples just before a major, game changing announcement. Good luck y'all!
Add another 10 let's c what happens :)
that was me Lee, a few more for my SIPP
Have looked at this board for a long time. there is only one way this is going and it is up. How they have manged expertly to keep this down is a credit to those responsible. Who ever is just about to benefit big time after sucking in as many shares as possible over the last 9 months, at the lowest possible price is a genius
A nice by of 10,000 ;)
I find the appointment of two well qualified non-exec directors last December very reassuring
Someone on this site recommended Saiettia as a share. I cannot find the message but would like to thank them . Thing doubled in 2 weeks and I would not have heard of it other than this message board. I only bought it due to their link to VOX markets. This is a genuine thank you post to whom it may concern