Member Info for elir71

No, as the loan can't be called in as hh are not in default as there's no repayment date. If alba would sell off the loan they wouldn't get much for it as it wouldn't default unless hh went insolvent. Then we're in the back of the queue, just in front of shareholders... Which alba also are.

Look, I don't object to it if there's a strong likelihood of an ongoing significant income stream, but I'd like some idea if how much and when. At what stage would we pull the plug on it?

As I understand it, the loan to HH is on a pay us back when you can basis. Interest may accrue, I haven't seen the reference to that. Note that in the first equity research note hh comprised a significant portion of the alba fundamental valuation. The ukog accounts show an impairment. Does anyone have info on when the new simpler more likely to produce Wells will come on stream, and what rates are anticipated?

When annual accounts are published then we'll have a cash position for end Nov 2020

Also bear in mind the price 300k super soft loaned to h h

I have asked some people in the industry for current indicitive pricing of the various techniques. Once I've collated it, I will publish it.

"they have enough money for Clogau" .... on what do you base this ?

2-3 weeks to turn around assay results according to GF
same as what I estimated back in October .... to some considerable derision at the time I recall

the main lode extension was found by underground drilling (i.e. drilling from existing workings)
The surface inclined drilling of phase 2 seeks to confirm that main lode extension and confirm that it is continuous throughout its length and to confirm that there exists mineralisation, although the grade would not be reliably deduced from that as core samples are too small for nuggety deposits to form a representative sample

Mmm such concealment and evasiveness does suggest a shorter lead is needed and beadier eyes

@mickymix
What event of the last 12 months made a most positive impact on shareprice

Ans what event the most negative

three market makers creeping up .... spread much lower than you'd think.

past low water now I'd say.

Still ... fundamentals not changed

Is there a correlation between GF not speaking publicly and positive sentiment ?

do you have a link

Looks like market makers runnin out of stock, bid offers just updated
I see signs of a good push up , on very little more volume

Support at 0.w5, just topped up at 0.26... Sweet

The question still remains unanswered
What is in your opinion the cut off grade for washing the tip ???

Its all well and good coming out with vague terms "more gold than expected", I'd rather read x g Au/ T cut off

someone said 4 g Au / T ... that's the typical grade of ORE in a south african gold mine

I've posted a kml file at the end of last week which indicates the location of various mining features based on past ordnance survey maps from the turn of the 19th century

It seems that the spoil heap being investigated is near the mouth of a cross cut adit . If the spoil is made from arisings from the excavation of that cross cut adit then I doubt it would contain much gold. Why ? because that tunnel would not follow a vein but be driven at a bearing of about 90 degrees to the strike of the stratigraphy, therefore only intercept a quartz vein for a very short distance. Perhaps spoil heaps resulting from the entrance at Llechfraith or St Davids may have a higher ore / gold content, they would arise from the excavation of a tunnel that follows a vein.

@MrJones .... since you seem very optimistic at the potential income from washing the tip, tell me, what in your opinion is the cut off grade you would utilise ?

Let's be realistic. There will be almost certainly the need for further placings, unless an asset is disposed of.

The only questions really are
at share price and and at what discount will it be at.
who will be selected to enjoy that discount

@Salinger thats how I see it too. A change in value of fundamentals, which can include the reduction of risk or time to income stream

The exploration licences of the DGB will have end dates (Clogau St Davids is Feb 2024)
so at some point any finds will need to be converted into exploitation licences or simply lapse.

I acknowledge Mark Austin's words (not a big mine but a high grade mine) What constitutes big and high are not defined, however, MA has a fair amount of experience in South Africa's mines.

I'd argue that to make the most of these assets then we should project a level of production that would surpass the rate of production that would maintain a 3x premium. All my projections and models are based on gold spot price.

When you buy welsh gold jewellry then typically there's 5% welsh gold content.

I'd like to see a deal with a jeweller that uses 100% welsh gold for jewellry mainly to increase demand etc
Ive written many times about my proposals for a blockchain type provenance for 100% welsh gold bullion.

We'd better find some first ....