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Guys I have done some digging after a hot copper reply.
We will own a percentage in AW1 (E47-3373) and AW2 (ELA47-4844) license areas. These are not Azure licences areas if you look at the map. Azure is E47-2481 and E47-4761
I think what we’re buying is not at all linked to them and shares nearology with azure, artemis and Carlow as well as a few other tenements. Who knows who owns the other % and what if any progress has been made on that patch of land.
I think we have all been mistaken in thinking azure area.
I am also very confused why a company focusing on Welsh gold who have yet to prove its worth is switching focus overseas. Looks like more dilution/cost when we should be focusing finances here. I like the increased price of the shares issue/warrents it gives strong confidence in the price and adds some illiquid shares to the mix. However the rns states near 8m or so more shares to be added more than the last round issued!
Why are we not focusing recourses on clogau is this going to be a HH part two?
We’re a relatively small fish that hasn’t got ourselves in proper order swimming in the deep end of with other projects. Let’s remember when GF stated he wanted to offload other projects we had previously to focus as a gold company…
Also why back to EV isn’t this better suited for groc?
Hopefully I’m wrong but seems a distraction coming in left field leaving me questing why and can we afford it? Strong questions to be need to be asked to explain this maybe I’m missing a point here? (Unfortunately GF didn’t give us a vote on the matter)
Remember GF used to work for Artemis once upon a time so knows the landscape over there worth a mention. I’m incredibly busy atm tho to post my full thoughts which are that of confusion and skepticism until we get a full video explanation of why
They certainly came from specific targeted areas I don’t expect a bulk sample to come back to the same level once we get tonnage but it certainly is important to see the kinds of numbers they are looking at we aren’t talking about single figures here!
Finally worked out what was meant.
Admins their is a missing rns which is shown on the companies website and on the stock exchange can this be corrected and added to the rns list those grades are very strong and it’s a shame new investors may miss that vital information!
Released : 26/03/2024 07:00
RNS Number : 2401I
Alba Mineral Resources PLC
This is very good! People forget we are very early exploration and companies don’t run on air, some people just don’t seem to understand how long and expensive and risky mining stock is but if does hit them you are in for substantial winnings when investing so early on!
Accordingly to the companies 6 month plan it looks like some substantial change will come for better or worse as they will be looking at some form of FS!
Disagree he raises per each portion of the project the raise before last was for rehab that’s ticked money diminished from it now the raise is for the bulk sampling expect a raise in about 6 months for the next phase unless he is pushing some kind of small production. He only raises “small” each time to do whatever is next on the agenda
Yes it will have a cost and a cost exceeding the Current funds.
Your forgetting
• the majority of the mine is built so lower costs than a normal mine they will need to extend existing shafts and drive a few adits. Where at level 4 and the gold on previous sampling is about level 5/6
• premium on gold price
•this is not supposed to be a big operation small and steady production carefully controlling the market to keep the premium intact so will be more slow rather than some big mines certainly not 800mil a year which I would put in the medium sized mine.
I suggest you do some research else you maybe disappointed if you think this will be moving at the same speed and size of other gold companies in the sector.
The placing shares don’t come to market until the 5th so that is incorrect.. if you wish to buy at a similar price to them thinking GF will raise the price for his mates soon after the SP is at a level where you pretty much can!
Seems like you don’t like what he posts so trying to bully him off and bury his posts on the bored with your speach. You have your opinion he has his no need to attack people over it. If your so upset you can always sell and go…
Remember I think from picture these samples appear to be from the wall. They are not the bulk samples taken directly from the expected lode that comes with the 10m blasts…Any gold does not prove size and grade of the lode but proves the existence of gold in that area for further exploration. It also means there was “visible gold” and is always great to see we have some gold. I’m expecting some results here but nothing outstanding until we go into that lode below l4…..that saying I am only judging that based on the pictures they may have core drilled down