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In all fairness I dont think its the authorities who are to blame for the legal issues
Well funded and probably well connected Nimbys are
Nevertheless it does not interfere with the work on the ground
Does anyone have a link to liveish production figures ?
@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
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
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
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
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
@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.
@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.
Tend to agree with truckman. Utah being best hope but doubt anything will change this side of the pqe tender, which should at least a conclusion soon