The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Registered at same address as Alba. Gracechurch Street EC3. Interesting. Pole Star. That's not the Southern Hemisphere is it but it sounds cold like Greenland.
I'm going to guess that there is a time limit on exploring the Dolgellau 'extended gold field' so they better get on with it. It's news yes, let's us know they are hard at it in N Wales. An MSc graduate from Cambourne SofM / UniWE with a bucket, scoop, sieve and pan isn't going to cost anything and meanwhile the crusher and shaker is chewing through the tons of quartz. Good. They will report in due course when they have final audited scientific results...not before. I can wait.
Unless all four countries are furloughed and financed by some spectacular QE then those who can't work from home will be asked to carry on using HSE safety guidelines. You can't exactly divide a mine up into 9 or 12 squares on a monitor and use Zoom or Teams can you? I guess GF can work out of London and the refining kit is in place and being commissioned so I see no reason to panic. Regardless it only will be 3 - 6 months until we are in a better place IF EVERYONE BEHAVES The gold has been in place for millions of years and it will wait til Summer. Alba hold all the aces so it's just a waiting game. I can wait.
Unless, I suppose, you are an Executor realising an Estate holding Alba, I cannot see a single other reason to sell right now. Even then an Executor might be held negligent for not holding on for a month or two and extend Administration :-)
It's the Daily Mail son. Hyperbole based on fact. Never wrong. How's your portfolio today then Mr008 ?
I cannot see any reason for anyone selling right now. Hold on tight.
I can't believe the impatience of some people. Everywhere you look with this company in the last year or so, there has been continuous progress and a stream of updates and information. Why would ANYONE sell now just as we settle in the starting blocks? Bulk sample results before Wednesday would be excellent but I'm happy to wait until March next year or later. For this to be a flop now is verging on fantasy. It would make GF the perpetrator of the most elaborate hoax since Piltdown Man. Roll on the results and a photo of the first pour. I'll bet it's more impressive than anything Scotgold did on St Andrew's Day. For information Dydd Gwyl Dewi is March 1st ....
Mr Austin giving a blog off rough notes in front of him. Unscripted and very personal. There's no reason to do this if you think about it. However if you think about it twice it is the nearest you can get to a continuity of information without an actual RNS. Alba seem pretty genuine in terms of their desire to communicate. Austin is no fool and I have little doubt he doesn't tolerate fools himself. He has operated successfully in politically challenging areas for many years and knows the regulatory difficulties.
Most interestingly he is filmed outside a stone building that has all the hallmarks of a farmhouse or cottage in Gwynedd, one without foundations but the first few courses are built of enormous stones that form a platform for smaller dressed stones above. I'm guessing he's resident in the Dolgellau area at least for the moment. Very good
Just re-read the RNS' related to sampling. For those wondering about bulk sample results I'd suggest we might be close ....
The first bulk sample results should be with us by Christmas I think. The remaining bulk samples are I believe designed to go through the new pilot kit when it arrives and is commissioned. I'd be hoping for the end of January for those data.
Patience and hold is my watchword....
You are assuming an even distribution of gold throughout the quartz vein. This is not the case. It is 'nuggety' . Some portions are loaded, some are thin but the old mine worked on averages from that quartz seam. The important thing about the cores is they have proved the quartz is continuous. The sedimentary rock either side is irrelevant.
I'm perfectly happy with the drill results. They aren't that different to some of Scotgold's from a few years back. Pretty incredible to point to a ceiling and say 'go that way.' They hit the quartz where they predicted it would be. They proved the material is there and doesn't peter out. The bulk samples will be very interesting. I'm happy to hold. I don't know what your motivation is Mr 008. You remind me of one of those people who keeps poking a dog with a stick and complains when they get bitten.
Don't be silly. I posted months ago not to expect a convoy of artics bringing in the gear. This is bespoke state of the art trailer mounted pilot plant. Lab gear. Not production run stuff. It does however crush and separate tonnes/day even as a pilot plant. It's the core sample results that matter, not the lab stuff.
Who cares if it's up and running in December or January? The gold has waited for millenia to be processed. Personally I'd rather they were in a position to commission this pilot plant in drier weather with more than 6 hours of half light. It's happening. There's no point googling West African sea currents when you realise because of covid and particularly bl88y Brexit, every container port in Western Europe, especially the UK is rammed and backlogged with huge ships anchored off waiting to find a berth. I'm not losing any sleep about pilot rock crushing plant. It's the core assays I'm interested in. Sit on your hands and wait everyone. Or bail out and stop whining impatiently.
For people apparently disappointed by the kit take a reality check. I posted months ago it wouldn't be arriving on a convoy of artics but would be a trailer based semi-mobile pilot plant. The fact they have bothered to order and plan to install is good news enough. Anyone who has worked in any industry will know you trial first. This is all good news. With a commitment to maintaining the highest environmental standards comes the need for very precise and delicate calibration of physically separated fine gold. The use of leach plant and cyanide or mercury will kill this project and any other UK miner stone dead. Very carefully designed kit that crushes, powders and separates without polluting pristine water is the order of the day. Any residue can also be collected for processing overseas if the gold price is right.
People are underestimating the capacity of continuous process machinery. If it keeps running you have to keep feeding it. Even a trailer based machine can chew through tonne after tonne.
I'm happy. I'm up and I'm holding for a big jump....
Same placement as Scotgold made a few weeks back. Bringing planned future projects forward to take advantage of predicted high gold price lasting a year or two before dropping.
I recommend you watch Paul Mylchreest's presentation on YouTube .... Gold and Silver The Perfect Storm, 11th Nov LSE/Hardman
Somebody found the money at last I'd guess....office whipround??
The only impression I get of the HH setup is that it is basically irrelevant. Win or lose it is costing little or nothing. It could probably even be written off with no pain. The future is in the short term extant mine on Cardigan Bay followed by the prospects on the soil sampled hinterland towards Dolgellau. In addition the Greenland graphite and titanium which might take 3-5 years to sort. That will be a game changer with permissions. If we are currently not a great mining company we are certainly a great exploratory company. Just put one of the World experts on the payroll ... after he'd seen the drill samples in their trays you will note. That makes us a target.
Very interesting to listen to Mr Mylchreest's lecture on the gold economy. Investing? Bonds and Gold. The exploratory companies are the highest risk investments....we know this.... but the big miners are very good at running mines but not so hot on the exploration side. They absorb the work of those who do the hard graft in advance.... but at a price. Everything to like really. I don't mind being part of a boutique mine OR passing the asset on as long as the price is right.
Patience ??
The tell tale shown in the last 8 or 10 weeks is the volume traded not the SP. It has declined to entertaining pin money mostly whilst the price steadies. Everybody has taken a position and chosen to sit on their hands. I'm no different heavily in at 0.06, 0.17 and 0.52. I'm not selling anything. Everybody feels like an astronaut strapped down on top of a rocket. Sit tight. Patience. Take-off is coming.