Member Info for Albinio74

Check out @Microsaic’s Tweet: https://twitter.com/Microsaic/status/1019532444314284032?s=09

Not sure it resonates with investors but reassuring to know things are going on across varying fronts

It probably cost proportionately more to eradicate the debt.

I use IG and most of my holdings are AIM - had no issues so far buying/selling at all. Although i have not dipped my toe in, fairly straight forward to set up for US shares too.

The processing plant ordered a few years back appears to have been delivered according to this snippet https://www.biotech-capital.com/companies/market_reports/63749/most-followed-royal-mail-stellar-resources-baobab-and-fitbug-0000.html

Also poster fishface confirmed yesterday they had seen it onsite, so hopefully still operational but only big enough for sample processing, not full on production (as far as i can tell 1-2 t p hour apparently).

Thanks FF - well that would be inline with the RNS from Stellar i linked earlier. I remember your bb id now you mention it. Wish i could remember useful things more effectively.

If still there (why wouldn't it be) wish Alba would comment on how equipped the mine is, surely relevant to investors - will look for a second RNS to see if one came out to confirm delivery.

Is he doing an interview today?

http://www.proactiveinvestors.co.uk/companies/news/55977/stellar-resources-shares-as-new-plant-is-secured-for-welsh-gold-mine-66122.html

http://www.proactiveinvestors.co.uk/companies/news/47029/stellar-resources-reveals-sparkling-assay-results-plans-trial-gold-production-by-the-year-end-56078.html

Never found any info to show the plant ever came in mind - some interesting reading anyway.

I doubt after the lack of rain for the last couple of months there is even grass. Maybe some hay.

Cab't believe there is nothing there of use but then you would have though they would mention it if there was - previous owner released an RNS abut kit coming in from abroad, and my memory probably not serving me well but I am sure a poster conformed they had seen it on site but hey ho just words on a screen unless you see it yourself.

dsfat - i have never been sure about Clogau, but in terms of the mindset for the deal now, I interpret it as an attempt to basically get full control of the mine, that they seem to believe in, for relatively almost nothing.

With HH going on and the sp at current value, the shares could be very attractive to the seller - so maybe more shares now but less in the long term in terms of cost. i.e. take these shares now that in 6 months could well be x amount times more valuable (HH expected to go really well wink wink nudge nudge), if you will accept our offer to take control of the mine now at this price - while geting rid of the GMOW loan.

If you wanted to be rampy, you could say maybe it suggests they are very confident about what is expected at HH and Clogau.

Trying to see a positive logic in t anyway.

I would still like to know more about what is actually there at the mine in terms of kit/plant/machinery etc....if anything. I have asked multiple times by email about that and the recent conference call - never answered.

Did you read that the other day did you, that the whole gold mining industry is running at a loss.....

I have never been that enthused by Clogau but they obviously feel there is something there worth digging up, and probably know more than we do.

When they took it on they suggested it had near term potential but really what that means is a bit subjective, as alluded to earlier i imagine the planning could be a bit of drag.

1. Nope. You need to validate any claims you make. None of us know each other. BJ need to assess and RNS to dismiss as well as validate a licence.

2. Already pointed out. You can't jusy accumulate and sit on licences in Greenland - there is a yearly expenditure required, BJ are not a major with bottomless pockets!

3. See 1.

4. Only if you can't access or excavate through other routes... .. E.g the sea.....

5. Only an issue if A. Walrus are there and breeding and B if activity effects that at certain times of year (hence Alba environmental study this season).

6. Just sounds like mad made up junk - evidence please.

7. Wow - all eggs in one basket a good thing - Baker worked for Srk.......

8. You what? Melville Bay relevance to the price of fish exactly? Can you name an exploration/mining company with 100% hit rate? Also Melville Bay still an Alba licence even if not main focus - cake and eat it syndrome - scatter gun when it suits eh?

9. Not got to find anything here.... Scooped up from the surface... Hardly gold mining or oil exploration. Baker worked for SRK, currently handling BJ (overdue) feasibility study.

10. Blinking heck tucker. BJ are at 200 odd mill mcap with multiple fund raises against Dundas..... As if variable assets with decent chance of success does not add to funding chances. Off the scale.

You'll just have to take it is i say on this ......

WO - I am not convinced Alba always find the right approach to PR and promotion - but that is not the same as zero and I can assure current output far better than a year or so ago.

Mannan 800k is relative - also an incorrect figure.

Dusterhater - exploration company essentially with no income so far, so fully funded for near term commitments. Only a total fool would raise more than required at entry level /rock bottom sp and maximise dilution - obvious strategy of raising as required and if derisked assets are the result of measured short term fund raising then later raises should be from much higher sp and hugely reduce dilution - pretty basic stuff.

I would be staggered if this went much lower and if I had some spare cash would certainly buy more at this price.

But also agree with JTD - I never like it when the spread seems to widen so much - some have that all the time so less of a concern but when it changes from a fairly tight spread, it does not scan as a good short term sign.

Daramuda, i have seen you post this before (re quality) but i can find no information on Bluejay undertaking even the sampling Alba have last season and certainly not on scale Alba are planning this summer (including an environmental study).

Please could you post links to Blujays testing of TBS? I don't see how they could have reached that conclusion without going through this process.

I had assumed Bluejay had picked their licence because it is slightly closer to existing infrastructure.

In Greenland i don't think you can just pick up exploration areas and sit on them, the government their places spending requirements per annum, so possible Bluejay simply cherry picked what they perceived the best licence and may well be.

I have also heard the environmental points before. Could you point me in the right direction for offical info on this as never found much detail on this (Geeenland has a lot of environmental areas as far as i understand).

That is a normal thing to do isn't it - go round all the companies you don't have shares in and say, glad not in here - such a transparent bore.

No one gives a **** about variable interpretations of shortly.

It was a positive move by the company today. Doubt in itself it will shift the SP - plenty of other things may though.

Investing is an imperfect process in an imperfect world. If the market always had sp right how would we ever get a chance to invest to make a return?

I would say the flurry of deals announced, the growing sector they are in, the unique patented technology they have, the reasonably steady sp (bearing in mind the mammoth fund raise just undertaken, greater than the mc at the time), the institutional support shown, the recent advertising for key staff suggesting they are gearing up suggests the market may have this wrong and maybe just off the radar at the moment.

The upside against the tiny market cap makes the risk worthwhile for me - perhaps they need to up their PR game or maybe things will happen "organically" with strong newsflow.

We will see.

I thought all in all pretty decent. Obviously some things they can't really say outside of an RNS.

Don't think George will ever be accused of over egging things though, but don't think it works to ramp expectation anyway.

Some of the answers around the double fund raise were a bit wooly but everything else was fairly reassuring in an understated kind of a way.

Limerick sounds like it could be more interesting than i had previously thought.

Had a good RNS today - rather than a challenge to Bango, i see it as further validation of the sector they are in.