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Alba Mineral Resources plc
("Alba" or the "Company")
Surface Drilling Update & Pilot Plant Installation
Clogau-St David's Gold Mine
Alba Mineral Resources plc (AIM: ALBA) is pleased to provide an update on the Company's work activities at the Clogau-St David's Gold Mine.
Key Points
· Surface Drilling Update
o Three drill holes have been completed for 399.6 metres, with a fourth hole so far drilled to 54.6 metres.
o Completed holes LL001-LL003 have intersected significant quartz veins, a total of 6.48 metres in LL001, 3.65 metres in LL002 and 5.7 metres in LL003.
o With each of the three completed holes hitting significant veins within about a 15-metre zone of one another (at 83.5m for LL001, 96.3 m for LL002 and 84.9 m for LL003), the Company believes this to indicate the presence of a vein system some 30 metres below the deepest previously worked zone at the Llechfraith mine area.
o Further, deeper holes will be drilled to test the depth extent of this vein system.
· Pilot Processing Plant Installation
o The remaining key items of plant have now been installed in the Clogau-St David's Gold Mine building, notably the impact crusher and gold concentrator.
Silly people.. there was alot of sells before the news 100k plus when this went to .55.. I bet they are kicking themselves now. So hopefully start low to buy more again.. before the big rise. Its all over internet now....
https://www.thesun.co.uk/news/13552470/700million-gold-mine-welsh-valleys/
Merry Christmas everyone. Didn't mean to rant. Sold and bought vod. Alba.kod. with change. My gran read tarot cards and did seance meetings. But be honest 3 weeks on lockdown with no passengers. You dont have to be a mind reader to know where this is going next...
Researching beyond analyst forecasts
At its current price of 64.15, shares in Firstgroup are trading at a discount of -45.9% to its 52 week high price. The 1-year performance of the shares has been -40.7%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Firstgroup it's worth doing some investigation yourself.
SIMON MUGO
TRADERS
Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading
KODAL MINERALS SHARES SURGE 12.5% ON ACQUISITION OF FATOU MALI GOLD PROJECT
UPDATED: 17 DEC 2020
Kodal minerals logo
Shares of Kodal Minerals PLC (LON: KOD) surged 12.5% today after the company acquired the Fatou gold project in Mali, largely considered an advanced gold project, via agreements with local vendors.
The project consists of a contiguous landholding of over 300 square kilometres with a historical compliant NI 43-101 resource of over 350,000 ounces, which is likely to increase after a funded nine-month drilling project.
Kodal intends to start a gold exploration programme at Fatou soon and is looking to raise up to $2.5 million in funding from Riverfort, a financing specialist.
90k buy. And a take over awaiting news.. time will tell... 40p in the distance
Cash as at September 30, 2020, was £870,000. Cash as at October 31, 2020, was £1,316,000, following a further fundraise.
During the period Kodal continued with its licence application for the Bougouni lithium project in Mali.
It also signed a memorandum of understanding with Sinohydro Corporation, to work together to develop the Bougouni Lithium Project.
“The company is well supported by our major shareholder and off-take partner, Suay Chin, and we continue to develop new relationships that will improve our options for financing and developing the Bougouni Lithium Project in the future,” said Kodal chairman Robert Wooldridge in the results statement.