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Alba Acquires Option Over Andover West Lithium Project in Western Australia
Alba Mineral Resources plc (AIM: ALBA) is very pleased to announce that it has acquired an option to purchase a 50% interest in a package of highly prospective lithium exploration licences in the West Pilbara, Western Australia ...
GF must be fed up of rainy north wales. He wants an all expenses trip to Australia now.
"... the planned bulk sampling within the extension to the Llechfraith Payshoot below No.4 Level (see the RNS of 22 March 2024) will target "bonanza" type grades of the kind found in previous periods of mining at Clogau, ...";
"... We now look forward to the forthcoming bulk sampling on and below No.4 Level with a great deal of confidence and no little excitement."
The interpretation of the survey data over the Carndochan and Hafod Owen prospects is awaited and will be reported on in due course. (RNS of 02/04)
Maybe get a pic of a wheel barrow today ...
Pictures don't really make you get excited
A 2012 report conducted by Snowdon Mining Consultants on behalf of the previous majority owners of the mine, Gold Mining Wales Ltd (GMW), suggested that as much as 500,000 ounces of gold could be lying untouched in the area surrounding the mine, ... (wikipedia).
This figure of 500k ounces has also been reported in news articles re Alba's work at Clogau and in the region.
... Whoever is doing the buying, it hasn’t been gold-futures speculators in recent weeks nor American stock investors for gold’s entire upleg! That makes gold’s record breakout surge and 31%+ upleg so far truly remarkable. The great thing is neither central banks nor Chinese investors are likely to slow their buying anytime soon with gold shining so bullishly. When late American investors join in, gold ought to really fly! ...
Takes today's volume on AIM up to 34.7m.
Spot on cool.
GF and his mates should be ashamed of their poor performance, quite frankly they need to resign full stop
Gold all time high and this share has digged lower and lower to all time low now probably will break covid low now. GF is fully to blame with his constant raise as soon as a rise, he has managed to scrape it to two days this time last raise was done straight after a rise. Shows how bad this management is and how incompetent they have become by their total disregard to shareholder's and performance. They should have raised when the share price was stuck at 0.5 for few days or around that price which would have helped.
Only in Wales, gold mining with tractors. :)
Aquis: 4.9m; AIM: 3.5m
Https://x.com/albaminerals/status/1781237389756596557?s=46&t=_5ANy-C8-Y35U4iL5K1ZHg
Looks like more gold incoming…. GLA
Good Alba post on twitter lots of fine tailings collected from the waste tip being processed
A bit picky cryptomantom, Its true what Robbie says, however the quantities are yet to be confirmed, what was it? 1/3 oz up to now, well its a start, I just hope they can average more than the 1.7g/ton they did last time from the waste tip
Not strictly true Robbie, no matter what the gold price is, the quantities have to available too.
Gold continuing its rise, never seen it so high - As to whether we are profitable going forward ie viable is completely dependent on the gold price - we have gold (that’s known) but the higher the price the more economically viable the mine is… GLA
At the bottom of its RNS of this morning, JAY presents its Dundas asset as follows:
Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and in the process of reinstating its 2019 MRE which, reported in accordance with the JORC Code, represents 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company has signed on a major European bank to head the financing syndicate for Dundas.
Indeed, it could well be the arrival of cheap buyers who signal the clearance of the overhang.
Keep a close EYE on trading
In theory, before the overhang clears definitively, cheap buyers will come in to benefit from the bounce on its clearance.
Given nobody knows the size of the overhang, all one can do is keep a close on trading for signs that the overhang is dissipating.
Because as soon as the placing was announced the 'real' bid and offer dropped to the placing price without any volume of sells. We have been sat at the placing price (0.065p) plus a fraction of a penny to buy (0.00655-0.0668) since then. Despite a much larger than normal volume of trades since then the real bid and offer hasn't moved at all, the market makers have been obscuring this with self trades at 0.08 and 0.075 in the last few weeks.
There is no other explanation other than the offer shares are a stock overhang, unless you can see another reason for the above trading pattern.
Near 50% rise in groc over last week. Why is there a presumption that the new placing shares get immediately sold rather than held?