Member Info for Insertwittyname

First Monday I’ve been excited about in a while!

Unfortunately the MM will take any opportunity to drop the price. With <1p mentioned in the RNS, this will possibly open low before (hopefully) climbing back up to a no-loss day.

Not investor advise, just ramblings!

Jeremiah,
I'd watch that. Seems better than being glued to this screen watching a drifting SP.

There is no mention of gold....because they didn’t check for it in the samples. The drilling was to confirm the quartz veins existed in unexploited areas.

Like the previous drilling RNS, if they did test for gold they wouldn’t expect much in the way of results as sample volume is very limited and the gold isn’t spread out in a nice consistent layer!

....and hopefully just as ALBAs deposits are ready to come out of the ground

as far as I can tell (from RNS updates) surface drilling is underway as is the processing of bulk material brought to surface from the mine.
An update every 8-10 days on progress would be nice, even if its only 'we have drilled a further XXXm and processed XXXtonnes of materials. Works going well/slow because of xxxx.' But what do I know, as I don't run a company.

for clarity (@garybarlow) by numbers are hypothetical, and in no way relate to anything dug out of the clogau mine. I just wanted to help people understand what a gold concentrate grade is compared to grades in the original bulk sample.

please note that the RNS is not stating bulk sample gold grades - but rather the grade of the concentrate AFTER a volume of spoil has been separated out. what we don't know, and would be useful is the volume of sample tested (a lot of people speculate its 1 tonne but this isn't mentioned anywhere), the spoil volumes removed and/or the gold grade of the original bulk sample used to generate the concentrate grades quoted in the RNS.

as it seems to be the day for noddy maths:
1 tonne bulk sample tested at 10g/t gold.
put through magic sieve which seperates out 50% as spoil.
take out materials from gold bearing level and re-assess -> same amount of gold, but 50% less waste material so conentration at this elvel now at 20g/t.
This gives a higher grade material to be purified, but diesnt reflect the material that went into the top of the magic sieve.

@lockerroom, for what its worth I understand where your coming from.
If you imagine the compactor/crusher as a magic sieve, all the gold bearing bits are separated out at a certain level and the spoil disposed of. This means that ALBA will be able to only send off for purification material from this magic sieve level, rateher than waste cash shipping spoil around the country. The RNS has been produced to prove tha the material from Clogau is suitable for passing through the on-site machinery.

Possibly people had a misconception that ALBA would be carrying gold bars out from the processing plant, which sadly isn't going to happen

Sorry for asking basic Qs, but I’ve not got much experience in joint market companies. How does floating in two places effect MCap at each market? Is ZOE MCap only calculated on LSE shares?

I could spend hours trawling websites but life’s a bit too short when there is a hive mind to ask for a basic update. tia.

Ziquarat. Spotted a bit off on-going confusion in your update.....20.7g per tonne at £45/g is......£931/tonne.

Sorry to deflate expectations, but better to try and be accurate.

Not sure that’s how ratio work stocksie. 20g/t won’t change whether it’s 0.25tonnes or 10tonnes processed....

Eryryss. In a word no. However it’s a good teaser! Proper assey results will (should) be tabulated against sample locations/IDs. I suspect that this may be from the first sample location rather than an amalgamation sample.

As per RNS, looks like true/full assey results are still 8-12wks away.

License for Ireland commits to further works in Q1/Q2 this year. Albeit a ‘token value’ in terms of investigation costs, for a project given a £0 value consideration this has to be seen as positive.

Onassis, I may have got this wrong, but didn’t the recent RNS shut down the company share buy-back?

Previous RNS stated (rather generically) that results would be released once ALL had been received. This could be taken to mean they want to hold off on the third party assey results until they have the bulk sample results from the remaining 30+ tonnes left on site. This will only be assessed once the bulk plant is up and running, again an RNS had this targeted at mid-Jan. Assume 10 days to process 30 tonnes, then certify results & we’re into early Feb for results at best.

Delayed from yesterday morning (29/12) so not related to the initial drop today, a full 24hrs later.

Thanks ocelot & elir. Remembered the 0.55, but not the full details!

Isn’t there an excise price set at .55p average after 10(?) consecutive days?

Once product is coming out of the ground, be it in Wales or Greenland, and the company starts having its own cash flow, the SP will step up from whatever level it had reached before.