RE: Shares5 Aug 2025 12:45
Printerman, did you read Ocelots post 30 Jul 12.55 ....... With regards to Clogau, ALBA is in the exploratory phase, NOT in the production phase, exploration cost a lot of money, production should make money, if no Gold is found on the way to the Mother lode, there has to be more fund raises from the equity markets
From a Q&A answer of 29/07 at 10:02am:
Clogau is currently in the exploration and development phase, not in production. It is anticipated that the next phase of exploratory blasting, processing and refining should go some way to confirming the potential for commercial production at the mine - and, of course, if the next phase of blasting, processing and refining produces some gold, we will look to produce and sell a further series of limited edition gold products from it which should at least help to defray some of the costs of the blasting. In the meantime, the only way the Company is able to fund the costs of the blasting is from the equity markets.