Member Info for elir71

@jimjam some years ago I ran a precast concrete factory in a predominantly Welsh speaking village. As I lived in Swansea, where about 10 to 20 % speak Welsh, the workforce assumed I didn't.

Many theorised how I used to find things out, leading to a nickname Dai the Spy

Not much laughter 6 months later I in an unguarded moment answered a question about what time it was in welsh

@jeremiah "keeping outsiders out", guessing from the demographic of the fb alba investors group you could conclude that quite a few investors are Welsh and there could be a few nationalists in there too!

@Wonga FC, yes in the same boat. The deal seems to hinge on the CIFUS review. There's also the possibility that a US based (so not subject to CIFUS) may buy PQE if Viston falls through. As I understand it 75% of shareholders have tendered

"... the pilot plant. This includes an impact crusher capable of processing 3 tonnes per hour and a gold concentrator capable of processing 1.5 tonnes per hour."

https://www.lse.co.uk/rns/ALBA/update-on-work-activities-at-clogau-ycfelom2p74itac.html

The above relates to the pilot plant's capacity

New investor, be aware of the unsubstantiated negative comments from the account "Goodluck890", they are unsubstantiated and she clearly has an agenda of seeing the Clogau project being viewed as unattractive to new investors.

I can substantiate all that I write

I can't help but notice that Steve Byle doesn't mention MSAR, but some other process

That's a bit concerning

Goodluck the deramper account up in the middle of the night in a vain attempt to grab the headlines for the 0700 watch once more.
"waiting for 5 years to produce"

This is an exploration company not a mining company. Its not envisaged that production from underground reserves will commence for probably another 18 months to 2 years at Clogau St Davids. We are still in the exploration phase.

If you're looking for a company that is producing ores today, try Rio Tinto

If you're looking for an early entry at a very low price then try Alba

from linked in post of an hour ago ...

Proof-of-concept trials using 1,000 tonnes of each of MSAR® and bioMSAR™ will be carried out on the Seago Istanbul, previously used for MSAR® testing under A.P. Moller - Maersk’s ownership. Subject to positive results, operational trials will then occur, ahead of the negotiation of commercial supply agreements with MSC.

does this mean that the LONO for MSAR (as opposed to bioMSAR) could start from the point it ended with Maersk ?

@haggis

its a start from scratch I'm afraid. Sorry I cant substantiate with a reference, its a question I asked a while ago

don't fixate on the daily fluctuations of SP, pay more attention to the fundamentals of the business.

Re pqe, I surprised at the market's apparent assessment of the pqe deal going through too.

The offer or has already flashed the cash

50% + 1 shares need to be tendered

The sec conditions have been complied with

So its all down to cifus, which has a timframe on it

I've been topping up on pqe and tendering

been there will post photos later in the week
360 excavator with grading bucket can do a topsoil strip (not that there's much) of the spoil head in question in under a day
capacity of processing plant adequate, effectiveness of processing plant proven
drum screen adequate capacity
personally would like to see qaurtz rich areas processed also or at least set aside for later processing

all looks fine from what i could see. My visit was a year ago

Why you should look at it, because
1. They contain established methods of valuing preproduction mineral assets
2. As you rightly point out, except from brockham things, generally have improved, so it establishes a baseline of valuation several multiples of the current sp

@butchersbike
Did you read first equity's research note of a few years ago and my own later, but now out of date analysis?

Fundamental valuation at 0.9p

Ive put some of these memoirs and other papers in the files section of the fb alba investors group some time ago

where is the forum with the notes ?

@Divermike Id point out that Amistoq is well advanced and should reach a point of exploration that would be ripe for either disposal or JV by the end of 2023. Minimal capital is needed to get to that point, and it has existing workings

capex to bring TBS into production would be akin to JAY at Dundas

maturity of other assets at Greenland will take longer as they arent as far progressed.

Nevertheless timescales and capex are all modelable factors. Please pm me if youve any comments on my past published analyses, as the methods will form a basis to the analysis I plan to publish in the autumn

were GROC to do a rights issue then ALBA , if they chose to take up those rights, would have to stump up some cash to pay for their new GROC shares.

@MR008

I'm quite clear in my understanding that Alba has the authority to issue more shares. See the results of the last AGM to confirm this.

GROC will need to raise more funds (I refer to the video of GF's presentation of a few weeks back). However as the more advanced projects near the end of the exploration phase then it may well be raised in part by borrowings or parital sale to on offtake partner as well as a capital raise.

"No more rights issue"

As with most pre revenue companies, unless all the capital necessary to fund development to break even point is raised at inception then funding will need to be raised along the journey. Anyone but the most naive would realise that and it is priced into the the SP or at least should be.

Finance is necessary to progress the businesses projects to maturity.

The question is not will there be a fund raise, but what value in terms of shares will that fund raise be and how much and when will be needed in order to reach a point of self sustainability. The other question is whether or not the proposed uses for the money represents a good expenditure likely to progress matters towards a favourable outcome. What the BOD have done with our resources have been quite sensible in the past. The surface drilling campaign has identified the lode structure with sufficient detail to satisfy Mark Austin and has therefore been a success. I would have personally liked to have seen a little more drilling, perhaps one more pad however I dont have the benefit of a 3d model and 30 years as a gold miner. Moreover the drill ahead approach (not previously used) together with a well understood system of controls of the deposition has resulted in the ability to take a far more targetted approach to the underground bulk sampling that many investors would have pushed for at an earlier time. Naturally most of us are frustrated that the NRW took the maximum time within their own guidelines to make their initial response. This has delayed the planned exploration of the presently flooded Llechfraith workings.

I refer to the last AGM and the chairman's letter. The BOD have asked for the authority to issue far fewer shares than they had at the AGM before that. As such, I view it as measured , cautious and well considered. I supported this resolution, whereas the year before I felt that the authority that they sought was too broad for the planned exploration.

Rights issues tend to be administratively expensive when compared to placings. However they are less fair to existing shareholders than rights issues. GF has stated that he will look at making some shares available at the same price as placing shares for interested shareholders. I consider that to be a workable compromise.

@icemanzag, the share is thinly traded and as a low cap share, outside of the investing envelope of the vast majority of institutional funds. When you look at the relatively small volumes traded on a daily basis then really the drift is rather meaningless. The stock is also covered by spread bets so it would not come as a great surprise if was manipulated from time to time.. Probably a ripe target for it.