Member Info for asllankukeli

Even GF's investment is now breakeven. Any lower and he is underwater too. What's 15 k to him just pocket money.
The dewatering saga is fit enough to be the script of hotel transilvania number 3 or 4. Absolute disgrace. Lets hope this is the bottom.

Is this a hint as to our new jv Partner. Bring it on.

To start with we have a ceo with background in law and not mining or geology of any sort. He is good as a spin doctor i give him that. I wish the wellsh assets were the new vehicle and not groc. There could very well be quite a bit of gold in wales but, given that historicly they only mined about 80k ounces, one would have thought that a successful gold mine requires a a million plus oz. Not deramping just how I see things. Also its fair to say that wales is not a very mining friendly place, if it was all the coal mines would still be operating. Deep down i hope I am wrong and this doubles tomorrow.

I am i little bit worried about life of mine to be honest. 8.5 years. Yes i know that can be extended given all the land kod owns but does it mean more drilling to prove up a bigger resource? A lot of unknowns ifs and buts. Having said all that, we may get the mother of al RNS es next week to say that Ganfeng or even sway chin are looking to partner for 50%. Who knows. Not me. All speculation .

Can anyone explain what the war in ukraine an explorig for gold in wales have in common? Wake up people. Alba has no dewatering permit partly due to their negligence and partly to overzealous public servants. Some people have been here for years some nearly a decade all the while GF has been getting his 100 k plus wage rolling. I give him credit for geenland but wales is a let down so far. Many folks got in because the processing plant was going to produce gold. then a licence was needed. Then more pitting and sampling etc never ending.

If one looks back to the Bacanora takeover, Peter Secer ceo of bcn had a placing at 20 discount just before ganfeng announces their offer. So the shareprice went as low as the placing price and then ganfeng ofered a 50% premium. LOT OF PEOPLE GOT BURNED. I was lucky enough to escape unscathed. What i dont get is why is the shareprice going down after a decent RNS. Yes we live in a bear market but again look at prem they are doing ok. Whats going on Bernard??

After watching a tired looking GF i am left reassured that 3 years of data is not enough to get the dewatering permit and that two more months of data are required. What sane person would invest in a welsh mine? You cant make it up. On the flip site there is great hope that greenland might just save the day. Just my opinion of course.

Hi Lav. I think Ganfeng could have shown an interest on kod. ganfeng raised 700 mil usd for the purpose of buying lith mines. So far the bought bacanora lithium and 50% of leo lithium which is next door to kodal.
The danger is that with share price being so low they may only offer a 50 % premium and that will not be a great deal. Also it may never happen. Its just speculation of course. A 50 % premium gives us a buy out price of )0.34 pence which is way too cheap. I would be happy with 0.50 pence.

Gut feeling says ganfeng will buy out leo lithium and kodal, just a matter of time. The sooner it happens, the better.

Alba bought 49 % shares in clogou project back in December 4th 2017. 7 more months and that makes 5 years. During the 4.5 years what have we achieved: Drilling drilling pitting and sampling, and a small processing plant that I dont know what it is for. No defined resource, no environmental and social assessment no mining licence no sweet f all. Sorry do sound so negative but its the reality. No lets compare to lets say kodal minrals in Mali a third world country mining jurisdiction as some may say: In the last 5 year they managed all the above and are now awaiting upgraded fs and finance to develop the mine. Only difference is that they have lithium instead of Gold, and a CEO that wants to be paid mostly in shares as opposed to GF. Now mr GF if you do us all a favour and have some of your salary linked to the performance of the share price as that would show that you have confidence in Alba.

With groc now being a new vehicle with new management, one would have thoughe that GF and co have more time to drive the rest of the assets. How far are we from a jorc defined resourse on the wells gold assets? 1 year, couple of years who knows, not me. How far are we form applying for permission to mine the waste tips? Haw much money does alba have in the bank. I am neither a rumper nor a deramper, just a consered investor. I dont have any of the answers, if anyone does please share with me.

The reality of investing in wales: It takes one year plus just to make a decision on dewatering an existing mine shaft. Welcome to wales: We are open to external investment.........

https://stockhead.com.au/resources/europe-faces-energy-crisis-as-aussie-listed-aura-gets-swedish-uranium-wheels-turning/#:~:text=Lots%20of%20nuclear%20plants%2C%20no,the%20country%20since%20August%202018.
Old article on the possibility of haggan uranium project coming back to life. Apologies if it has been posted before.

Just checked ffx price on asx and is 63 % down for the day. After a little read i realized that they have split leo lithium into a new vehicle. phew panic over. Lets hope kod follows on their footsteps.

JUst watching ausie gold hunters on quest, they seem to find quite a few nuggets down at pilbara. Obviously pilbara is a massive area but gold seems quite easy to find. Common thor show some gold or even lithium.

Didn’t gf say that he was expecting a response by end of February. Sure he did in one of his interviews. Can’t blame him for this really. It’s the useless public service for you. Do nothing work from home. Already waiting 2 months for passport. They won’t even take any calls. Bring in Trump to drain the swamp. Not to mention dvla in Swansea…..

I could understand if it was linked to some sort of share performance option of some sort. Eg Bernard Ayland of kodal minerals or Paul Jonson of POW. All GF has done is bought some 15k worth of shares. Thats about 1/7th of his annual salary. He needs to put more skin in the game to show investors that he has confidence in the company. Its just my opinion

GF on 110 k a year.?! I wonder if he has any incentive to move things forward. It plays well with the bats and all the rest, no need to worry couse he gets paid whatever the results.

Kodal’s neibour ffx now Leo lithium just been split into a new venture. Time for kodal to make a move. Clock is ticking Bernard.

As some poster said last week, no news till may 5Th election as regards dewatering. It may upset the voters. I am expecting a positive but with loads of strings attached as regards the damn bats. Lets hope so.