Welcome to Alba4 Dec 2017 09:07
Alastair Clayton, Executive Director commented:
"We are pleased to have found a natural home for our minority stake in GMOW and in doing so gained a significant stake in Alba. We believe the project fits well with Alba's portfolio and expertise in directly managing natural resources projects and represents the best execution of our investment mandate for shareholders."
"Pleasingly we now have a more readily valued investment in Alba and through this retain some exposure to GMOW over time as well as a portfolio of Oil & Gas and Mining projects."
"Furthermore we, through our shareholding in Alba, gain more exposure to the Weald Basin via Alba's 18.1% holding in HHDL and significantly in Alba's 100% owned Thule Black Sands Project in Greenland where Alba recently reported 65 samples collected from the Thule 1 target showing a weighted average Total Heavy Mineral ("THM") content of a high-grade of 46.7%."
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