Member Info for degsie

EMH now worth £17m to KDNC

Reasons to Follow Alba Mineral Resources
Limerick Base Metals Project
Historically, only eight drillholes have been completed within Alba’s Project area of the Limerick Base Metals Project, the most recent being the three holes drilled in Q2 of 2019.??

Alba said these low levels of drilling are unusual in the Irish context and, for this reason, the area is considered under-explored. Alba has previously identified a number of attractive targets that have never been drilled before.

Alba’s current technical team, led by Mark Austin, Alba’s COO and Senior Geologist, will undertake a comprehensive review of the licence area before determining the next phase of planned exploration activities.

The expenditure conditions attaching to the renewal of PL 3824 require Alba to incur expenditure of €15,732 by 26 May 2021 with a further €50,000 to be spent by 26 May 2022.?

JORC Resource expected at St David’s Clogau Gold Mine
Despite losing field time to the COVID-19 pandemic, Alba said it is in a position to execute one of the most significant underground work programmes seen for several decades at its Clogau gold mine in Wales, just as the commodity is reaching all-time highs in value.??

Alba said its mining projects remain on ‘a sound footing’, with JORC resources at both Thule Black Sands and Melville Bay, and plans to drill a maiden JORC resource at Amitsoq in 2021.?

Transition from Exploration to Production in Greenland and Wales?
Other ‘significant’ progress has also been made in recent years towards Alba’s ultimate goal of achieving commercial production at one or more of its sites, including at the Thule Black Sands in Greenland, the Amitsoq project in Greenland and the Horse Hill well in Surrey.?

In 2020, Alba has announced that surface trenching activities will kick-start this week over the first of the group’s 10 regional gold targets over the Dolgellau Gold Field.?

The trenching will target the first of 10 separate new gold targets over the Dolgellau Gold Field which have previously been identified by Alba.?

Alba said up to eight trenches have been planned in this first phase, each varying in length from 40-90m for a total of 575m, with each trench being 1m wide and up to 2m deep.

Once exposed, the quartz veining and other structures from the trenches, those of which are pictured below, will be sampled, and those samples sent to a laboratory for assaying.

Directors' share purchases since June 2019

27/6/19
Kiran Morzaria and Donald Strang have participated in the placing for 45,454,545 ordinary shares each. Exception Capital, a fund managed by Adrian Fairbourne (a Non-Executive Director of the Company), has participated in the Placing for 227,272,727 ordinary shares. The participation of these 3 parties constitutes a related party transaction under Rule 13 of the AIM Rules for Companies.
Announced Traded Action Notifier Price Currency Amount Holding
04-Dec-20 02-Dec-20 Buy Andrew Suckling 14.75 GBX 13,559 221,502
20-Nov-20 18-Nov-20 Buy Andrew Suckling 15.80 GBX 15,044 208,043
12-Nov-20 11-Nov-20 Buy Andrew Suckling 16.00 GBX 49,999 192,999
10-Nov-20 09-Nov-20 Buy Andrew Suckling 15.00 GBX 78,904 143,000
09-Nov-20 05-Nov-20 Buy Adrian Fairbourn 13.00 GBX 185,000 571,005
04-Nov-20 03-Nov-20 Exercise of option Adrian Fairbourn 6.00 GBX 200,000 386,005
04-Nov-20 03-Nov-20 Buy Donald Strang 12.00 GBX 212,000 797,545
04-Nov-20 03-Nov-20 Buy Adrian Fairbourn 12.00 GBX 50,000 386,005
04-Nov-20 03-Nov-20 Notification of Holding Andrew Suckling 0.00 0 64,096
04-Nov-20 03-Nov-20 Buy Kiran Morzaria 12.00 GBX 247,688 1,112,000
13-Mar-20 12-Mar-20 Buy Kiran Morzaria 0.39 GBX 254,741 864,312

Not having much to do I counted up the emails I have received from Kiran in 2020 and found I had had 20. I must empasise that he is careful not to reveal any secrets but he does respond. I have also spoken to him several times on telephone. It reassures me that he is available; he does not know me apart from meeting at AGMs.

Value of EMH is nearly 80% of KDNC's market cap.

Reasons to Follow Alba Mineral Resources
Limerick Base Metals Project
Historically, only eight drillholes have been completed within Alba’s Project area of the Limerick Base Metals Project, the most recent being the three holes drilled in Q2 of 2019.??

Alba said these low levels of drilling are unusual in the Irish context and, for this reason, the area is considered under-explored. Alba has previously identified a number of attractive targets that have never been drilled before.

Alba’s current technical team, led by Mark Austin, Alba’s COO and Senior Geologist, will undertake a comprehensive review of the licence area before determining the next phase of planned exploration activities.

The expenditure conditions attaching to the renewal of PL 3824 require Alba to incur expenditure of €15,732 by 26 May 2021 with a further €50,000 to be spent by 26 May 2022.?

JORC Resource expected at St David’s Clogau Gold Mine
Despite losing field time to the COVID-19 pandemic, Alba said it is in a position to execute one of the most significant underground work programmes seen for several decades at its Clogau gold mine in Wales, just as the commodity is reaching all-time highs in value.??

Alba said its mining projects remain on ‘a sound footing’, with JORC resources at both Thule Black Sands and Melville Bay, and plans to drill a maiden JORC resource at Amitsoq in 2021.?

Transition from Exploration to Production in Greenland and Wales?
Other ‘significant’ progress has also been made in recent years towards Alba’s ultimate goal of achieving commercial production at one or more of its sites, including at the Thule Black Sands in Greenland, the Amitsoq project in Greenland and the Horse Hill well in Surrey.?

In 2020, Alba has announced that surface trenching activities will kick-start this week over the first of the group’s 10 regional gold targets over the Dolgellau Gold Field.?

The trenching will target the first of 10 separate new gold targets over the Dolgellau Gold Field which have previously been identified by Alba.?

Alba said up to eight trenches have been planned in this first phase, each varying in length from 40-90m for a total of 575m, with each trench being 1m wide and up to 2m deep.

Once exposed, the quartz veining and other structures from the trenches, those of which are pictured below, will be sampled, and those samples sent to a laboratory for assaying.

the ********** the name VM

https://www.**********.co.uk/articles/alba-mineral-resources-confirms-good-recoveries-of-gold-at-clogau-775e91d/

KDNC Market cap £21 less value of EMH £16m = £5m for 2 JVS and Amapa

KDNC Market cap £21 less value of EMH £16m = £5m for 2 JVS and Amapa

http://webcasting.brrmedia.co.uk/broadcast/5fc8a98eeced111881c96259/5ff41b7c65d56b44935100b8

I'm sorry -failed again. vox
markets

the ********* should be **********.

This should be OK

https://www.**********.co.uk/articles/alba-renews-licence-at-limerick-base-metals-project-6f42194/

https://webmail.lcn.com/edz5asGcqG7E6trM/?_task=mail&_caps=pdf%3D1%2Cflash%3D0%2Ctiff%3D0%2Cwebp%3D1&_uid=368292&_mbox=INB

I asked questions about JVs but could not hear response. The positions as I see them are:
Yangibana.
KDNC has 30% in some of the tenements forming Yangibana. Hastings is funding exploration until the commencement of BFS. Hastings has market cap of £151m – increased 18% yesterday. The terms of JV are unknown to me but the JV should be worth £10m??? to KDNC. The natural acquirer is Hastings probably by issue of shares.
Sonora.
KDNC has 30% of part of Sonora the balance of which is owned by Sonora Lithium whose shareholders are BCN 50% and Ganfeng 50% BCN also has 44% of Zinnwald Lithium. BCN has market cap of £142m. Ganfeng paid £30m for 50% Sonora. Value of 30% owned by Kadence £10m????

I struggled to hear Kiran. I was listening on laptop and could not increase volume. The positive for me is that Amapa is still happening.

Hastings market cap up 18.4% in Australia.

Nick
I advised IG that it was a virtual meeting and there was no charge.

https://m.youtube.com/watch?v=R8od-6Nb8zQ&list=PLg5y83b5bCCVHV08Y7kI3bdU--4U6gxRI&index=1

The AGM is "virtual"; you cannot attend in person. Read the notice of AGM on KDNC website and it tells you how to attend and submit questions.