Member Info for ocelot

Does look as if they are pretty confident, doesn't it?

Drilling reveals £700m gold vein in old Snowdonia mine

A company says it has uncovered a huge vein of gold in an old mine in Snowdonia worth up to £700m.
New drilling revealed a 550-metre extension to the mother lode at Clogau-St David''s mine, which closed in 1998. About 2.4 tonnes of gold was found at the mine between 1862 and 1911. This year Alba Mineral Resources, which has a 90 per cent stake in Gold Mines of Wales, applied for permission to dig eight trenches after finding signs of nuggets.
The trenches were part of plans to "identify unexploited gold veins" within the underground mine network. It is believed there could be as many as 500,000 ounces (14.17 tonnes) of gold in the area, which at today's prices of just under £1,400 an ounce, could be worth £700m. Plans state that the commercial potential is "significant", and that previous gold finds in the area yielded "very high grade pods".
The company says that it has already discovered "ten new gold anomalies" in the area, called the Dolgellau Gold Belt.
Gold from Clogau has been used in royal wedding rings, including for Queen Victoria, the Duke and Duchess of Cambridge and the Duke and Duchess of Sussex.
GF, the executive chairman of Alba, said that the find would "constitute the most significant discovery at the mine in many decades".

Sorry, I buy the paper at the newsagent, not a subscriber.

Raises Alba's profile.

The article in the Telegraph back in June was about Gold Mines of Wales.

This article is about Alba "which has a 90 per cent stake in Gold Mines of Wales, ...".

an article about Alba's "huge vein of gold".

Alba mentioned, GF quoted.

"Drilling reveals £700m gold vein in old Snowdonia mine".

Mentioned in GL's interview by Malcy yesterday.

Re Balcombe, said he thinks it will come before the committee in February.

Re the assay results:

Once they become available to Alba,, they will then be "analysed and assessed" by Alba:

The Company also confirms, further to our announcement of 14 August 2020, that the underground bulk sampling and drilling programme has now commenced. The Company does not expect to release results until following the end of the programme and once laboratory assay results have been analysed and assessed. (RNS of 07/09/20)

Agreed, things can turn around very quickly on AIM.

Between this year's low and high, Alba multiplied about 11 times ... and there wasn't much of a time-gap between the low and the high.

281.4m v 359.7m for the whole of yesterday's session.

You may be right, Jeremiah99, but it certainly suggests Alba are sitting on a potentially very valuable asset, much more valuable than their current share price.

£700m just for the extension they believe they've discovered at Clogau - these figures look as if they could be even bigger than I had thought.

What Turkish campaign Ocelot? ...
-------------------
They have a 50:50 partnership with AME.

I refer you to the relevant RNSs.

Does TW know the results of the Turkish campaign before it has started?

That is true: I hadn't seen the aerial video of Thule Black Sands until St Tropez posted it.

9th biggest gainer on the market :-)

Following their recent modest raise and after a busy year I was able to catch up yesterday with George Lucan, CEO of Angus Energy. Despite Covid it has been a busy year and the company are well placed to go into 2021 with much to look forward to ...

Olly74,

It may be your trades have been done on Aquis.

Have been wondering if their efforts re the debt facility might not spill over into creating interest in their equity.

Thank you for your post and information, Gallifreyan.