The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Can always tell who’s sold & looking for a cheaper buy-in by their subtle criticism - more news to come & more gold results yet… I topped up again this afternoon… GLA
We’ve come a long way - waited endlessly for licensing & dewatering - people said we’d never get here & yet we have now proved we have gold - Alba sound incredibly confident about the mother load & the gold price continues to rise (& expected to continue) - This is the start of the come back & a great time for newbies to buy in (wished I’d bought at todays prices) - GLA
Wowzer - wasn’t expecting that….
These composites have now returned exceptional gold grades:
o From Composite 1: 3.1 grams of gold were recovered from 49.2 kg of sample (dry weight), equating to a back-calculated head grade of 89.15 g/t or 2.87 troy ounces per tonne (oz/t).
o From Composite sample 2: 3.2 grams of gold were recovered from 34.4 kg of sample (dry weight), equating to a back-calculated head grade of 111.63 g/t or 3.59 oz/t.
o From Composite sample 3: 4.0 grams of gold were recovered from 36.9 kg of sample (dry weight), equating to a back-calculated head grade of 133.73 g/t or 4.30 oz/t.
Going to process the rubble at bottom of L4 too - We’ve waited a long time for this - Well done!
GROC has to be a take-over target or the Government will have a golden share stopping its sale, either way it bolds well for their bigggest share holder us/Alba…. Should be entering a news rich period now, drone results any day/wall samples etc…. GLA
Soon as interest rates drop, maybe next meeting, they reckon gold will start its climb to record highs - Miners are currently very cheap across the board and so miners are now viewed as a buy (particularly gold/precious metals) - seems the stars might finally be aligning! GLA
This is great news, moving from explorer to mining for gold - smelting inside of 6 months - it’s what we all wanted!
Will have a wee drink tonight!
Ignore the traders…. They always come out on good news, absolute pond life.
@Shirley - 25 samples had previously been sent with Alba still processing the other 15 (basically smashing & filtering the rock down to particulates) - All 40 samples are now at the lab being essayed so results any day. GLA
Brilliant news - All systems now go - seems unreal to be discussing smelting gold! Time to top up…. GLA
@Alans55, working in an AONB slowed things down, regulation, but the mine is now dewatered, we are on level 4 (bottom) & due to bulk sample the primary target as early as next week… Scrapings of the walls to see what constitutes gold (& other metals) have already been taken with results imminent… Cheers
Much appreciated - Did they give any indication why these wall scrapings are taking so long (George did say “results in the coming days”)? Cheers
Cheers Scot, whilst I appreciate the L4 floor is the primary target for bulk sampling - what was the purpose of the wall scrapings as they don’t appear to have any real purpose or value? Cheers
So it’s looking like tomorrow for an RNS, one would surmise that as we’ve heard nothing all is good (the market would have to have been informed otherwise) - Looking like we start bulk sampling the primary target Monday…. Just need those gold essay results now to prove to the market we have gold & PR the crap out of it… GLA
Assuming the application to sample L4 primary target was submitted 21st Feb (RNS was released first thing on 22) then 21 days will be up end of play tomorrow so we ‘should’ get an RNS no later than Friday/Monday…. GLA
Indeed, I’ll be adding more once paid although we should get news today/tomorrow regards L4 bulk sampling for the primary gold target…
Alba does this, it goes quiet then releases rapid RNS’s of multiple updates… I’m very optimistic here but it has been a long/hard slog for sure!
Better days are coming folks ;-) GLA
Hi Scot - were you able to glean anything? Anything you can share? Us lifers would be interested to know… Cheers
Be blue tomorrow you watch - we dropped because of one large sell (they may have had enough or maybe just desperate for the funds we’ll likely never know) - We still await gold essay results, drone survey results, bulk sampling start date & the waste tip trenching - nothing has changed other than a sell has affected some people’s emotions… Shares go up & down & will mess with your emotions if you allow it (traders depend upon it)… GLA
Sydas, they are buys - try a dummy buy/sell & you’ll see the price (0.0723 to sell, 0.0758 to buy) that initial 20K knocked us down & now we’ve got to absorb that…. GLA
Ignore that request, just done a dummy trade the sells are actually buys (buys are 0.758 ish the sells 0.723 ish)once that 20K sell from this morning is absorbed we’ll be back up - GLA
Am I right in believing the relevant authority has 21 days to object to Alba bulk sampling L4 & then we automatically proceed (21 days being up tomorrow/Thu) so fact we’ve heard nothing would suggest there has been no objection thus far so why sell? GLA
For once I actually agree with you Tom, that said we are an explorer getting closer & closer to gold - a whiff of gold & the national press will be all over this (plus there is GROC of course) - People will short any perceived vulnerability /delays in a share & then buy back once it hits a low so there is that to consider too…. Whilst I wish we had more updates & George was more realistic with timescales he can’t just make things up as an RNS is a legally binding document therefore he can only announce facts/news as it happens - We will get an RNS between now & Friday morning bet ya ;-)