George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Buy 8000000 PMA - PREMIER MANAGEMENT ORD GBP0.001 at a price of 1.21p Consideration £ 96,800.00 Commission £ 10.00 Stamp Duty £ 484.00 PTM Levy £ 1.00 -------------------------------------------------------------------------------- Net Payable £ 97,295.00
I can get a quote for buy 8,000,000 @ 1.21p. Whats that about?
Only around 200k but i might add more this week depending on how things go. I need VIR to do the business this week!
Even if you take half of their estimated market cap of £24m, ie 12m, that would still double our current SP. good times ahead.
Thanks harris for GECR report. Although its a year out of date it still provides alot of info that people like myself have been struggling to find. Much appreciated.
Also on page 93 there are cost estimates. Drilling costs penciled in for july to october this year.
Yea there are still many questions to be answered. I will see how next week goes and look to see if it gets any coverage by brokers, websites or newspapers.
They plan to sell the lithium licence which would be a realisation of some intangible value.
Not sure if CAR or Alji produced this but have a look. Page 15. "The Cholokkaindy Project is situated in the northwestern part of the Tien Shan metallogenic belt, a Hercynian fold and thrust belt that extends some 1500km from Western Uzbekistan to Western China and contains numerous mesothermal gold deposits. The belt hosts a number of gold deposits including Muruntau (107Moz), Kalmakir (90Moz), Almalyk (70Moz), Zarmitan (11Moz) and Kumtor (17Moz). In the Kyrgyz Republic it hosts a number of producing mines, of which Kumtor is the largest, which produced 525,000 ounces of gold in 2009."
Page 33 "Financing Although the Enlarged Group does not currently require funding and has funds in place for the current exploration work, it will require additional financial resources to fund its future expansion and any exploration work beyond 2012. The Company may in the future raise such additional funds through public or private financing. No assurance can be given that any such additional financing will be available or that, if available, it will be available on terms favourable to the Company or its shareholders."
Pma probably had to get the CPR done for the rto. Ldp will need to do that too. Scoping report is probably the first stage of it?
U need to add the 83,333,333 also but still. Nothing in comparison. Not saying ldp is a bad investment. I just think this is probably better and further along in the process. Pma was suspended in nov 11 until today. Ldp still need to go through that process, if it ever even happens!
Yea, Part IV, page 41
I think there is a CPR in the link?
Another important fact, only circa 600 mill shares compared the ldp's gazillion shares in issue.
When i say same as ldp, i mean same plan. Private company with licence rto for aim listing. Del, i have very very little knowledge on gold companies. My job relates to investment companies and banking/financial sector.
Howdy, basically this is ldp except further along in the process and targeting gold in kyrgz instead of coking coal.
The average gold production cost was $558 per ounce in the second quarter of 2010. At the same time, the gold price (London pm fix) averaged $1,194 per ounce. That results in an average margin of $636 on every ounce mined. "The Company will initially target projects within the Tien Shan Gold which contains a number of large deposits including Muruntau (175 million oz), Daugyztau (18 million oz), Zarmitian (11 million oz) and Kumtor (18 million oz)." Apply say a 50% profit margin to the above resource potential. Serious money!
Im not in for much compared to some. Don't have much funds available to invest. Only got couple k in at the mo. My main holding at the minute is VIR so when that goes, hopefully next week, i might take some profits for here depending on how things go. I take each day as it comes.
Dunno if u guys missed my post earlier but check page 93. Cost estimates. Looks like we're due to drill from July - October.