Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
cjmorley. Yes he does. let us keep our fingers crossed. :)
Thanks Yanis. I understand now :)
Is there a place that you can see what warrants there currently are? I was wondering where you get the numbers from, or is it something you to subscribe to or pay for to see?
Mullins Congrats. You reached 9000 posts!
cjmorley
The RNS on 8th January states :
"Processing of small bulk sample at a third-party processing facility has validated the Company's process flowsheet and confirmed the production of a 20.7 grams per tonne gold concentrate"
The word "Gold" is included. So yes it DID say that.
We are waiting for the first 36 tonnes of sample material to be processed and assayed. So no results yet. However if you watch the video of GF on vox markets in his last Q & A he said that those 36 tonnes were just a drop in the ocean. A bench size sample was sent for testing to create a gold concentrate. Again you will see this in the Clogau RNS's if go back through them. This however was more to do with ensuring the processing plant was being set up correctly and to establish its flow.
To me the most positive part of the drilling results we are seeing is that it removes a whole layer of doubt in peoples minds about the extent of the Dolgellau Gold belt. We have heard living room experts telling us that its mined out and nothing much came out in the 1990's so its a done deal. Today's RNS further proves the true extent and potential of this Gold resource. Up to now the fruit that was picked was that which was in reach at the time. Things are different now. I see today's RNS as the most positive one since I have held this share. It is a long term hold and for me it is a pleasure to not only be a shareholder but also to be involved in the excitement that is building.
Depends if you mean Assay or financial. If it is financial then I don't think there will be any effect on the SP. There is little to write home about with a company that has no notable income other than investment. So the financials will be more or less where they have been in the past.
If you are referring to assay results then I think that could have a positive impact on the SP because this is currently a sentiment driven share.
If then those results are tied to some public awareness, such as BBC or ITV news getting in on the story then you may see a substantial step forward driven from the FOMO brigade.
I still maintain that it needs public awareness for this SP to move and then once that happens it opens the doors to more substantial investors wanting a piece of the action. Those who understand the value of more than just the Wales projects.
quite a bit if your name is Mike Hunt.
Good Point Elir71. I live not far from the mine and the planning departments favor anything to do with tourism in these regions. Indeed where I am the the current local development plan openly encourages it. This will be even more important as we pull out of lock down and the local tourism and hospitality economy will be looking to claw its way back again.
WelshTrader98
I totally agree.
cjmorley
I think you are right, I can only recall graphite being mentioned by GF in relation to the batteries although I may have missed something along the way. I have not heard of any lithium assets that I can remember. I think the value for Alba is that lithium batteries also use graphite which they do have.
cjmorley. I think GF mentioned this in one of the presentations. t is the Amitsoq asset that contains Graphite. Lithium batteries are bizarrely named after Lithium even though it is a minor component. Graphite of the quality that can be produced at Amitsoq can be use for the Electric Vehicle market and is a major componenet of the battery cells.
SpandauBallet reminded us earlier of the provenance that came to ALBA when they struck the deal to buy the Clogau mine. The deal was done with Primorus Investments and included an amount of shares as Primorus naturally wanted to maintain an interest in the asset. Primorus had changed their name from Stellar Resources and were 49% stake holders in Gold Mines of Wales.
Here is the RNS
http://www.rns-pdf.londonstockexchange.com/rns/2182Y_1-2017-12-3.pdf
Thus started the Alba interest in the mine which we now know extended to 90% of that mine and 100% of others. The document SpadauBallet reminded us of shows assay results from 55 samples taken in 2014. No commercial mining has yet taken place since those samples were assayed.
This is a excerpt from the report
" Overall, the total sample batch of 55 samples collected from the ground beneath the stopes in the Tyn n Cornel section of the Clogau St David's Gold Mine in north Wales averaged 67.3 grams per tonne gold ("g/t Au" or "ppm Au") (2. 2oz/t), with grades up to 435 g/t Au."
"A total 10 x 25kg samples each were selected from each of the underground stoping areas NP, JH, OS, ML, TMP and a additional 5 x 25kg samples were similarly selected from the development drive area within TR.
These sample lots were individually split and 1kg samples taken from each to provide a total of 55 x 1 kg samples. The remaining sample material has been retained and stored for future batch processing through the Company's sample plant."
"all the samples registered gold values with the results continuing to show the high variability to be expected from this type of material recovered from a high-grade gold mine. Values ranged from 0.13g/t from nominal waste material in the Tyn n Cornel development drive to several values over 300g/t Au from the base of the known stoping areas. The notable high values are easily obtained from the presence of fine particulate gold in samples of this size. Overall, the total sample batch average from each area ranged from 4.4g/t to 125g/t Au. The total average for all 55 samples was 67.3g/t Au (2.2 oz/t)."
I understand why people want to respond to de-rampers because they want to counter their false statements in order to ensure new investors don't get sucked into their lies. However there is another way to handle it. The more we respond to their negative posts on the same thread the more it keeps those threads at the top of the list. I feel it is better to respond to them and lay down the truth but do it on a new thread. Then others can join in on the positive thread and not the de-rampers negative one. I know they can keep bumping their own threads but by not helping them do this means they slip down the list and into oblivion sooner.
Thank you scotalba. :)
Right... I am sitting here with some other Yorkshire men.
Here goes then. (rolls sleeves up)
"I were paid £50000 to be given 12 million shares. I sold them when they were 15p and then waited until they were back down to 0.01p when I bought 18 billion of them back again. I am waiting until they are worth 1p and will sell them all and buy Barbados. You try and tell the folk of today that and they wouldn't believe you!" .......
Bishop_Basher I totally agree. Gold is pushing $2000 Oz these days which in itself is a hefty price, for me that in itself is good enough. As the crow flies I am just over 20 miles from the Clogau Mines. Before we moved here you would never see me digging the garden. Now if the wife wants a shrub planting I'm there in a flash and hole is always ends up 5 times deeper than she needs. Just in case I hit a quartz vein ... you never know..we live in hope... lol.
Visibleproject1. In the 2019 presentation , the link was posted here a couple of days ago, GF mentioned that he was aware that that any premium on Clogau Gold was subject partly to scarcity. He went on to say that if they flooded the market with Clogau Gold then naturally the premium price would weaken. However he said that Alba had full control over this. So they are fully aware of the implications of availability vs premium price. What they choose to do of course is a different matter but at least it is at the front of their minds.
I think there are some other relevant points to consider also. In his mining convention presentation in 2019 GF pointed out that the old timers chased veins only with visible gold in the Clogau mine. With modern technology there is a lot more gold to be found that isn't so visible. I am guessing that this is why part of the 36 tonne bulk sample (approx 8 to 9 tonnes) is cast offs from early mining just to establish what amount was discarded and therefore missed.
If you travel around the Yukon and Forty Mile region of Alaska it becomes very apparent that there are mile after mile of tailings just lying along the roadside. I first saw these about 20 years ago and even then wondered why they were not running them again today with more efficient equipment. But back then the price of gold wasn't high. These swathes of tailings are where the old timers used dredges to extract gold and were the spoil that was discarded. Due to the high price in Gold today, added to the low price of oil and the inclusion of more efficient wash plant technology these tailings now become commercially viable to run through a processing plant again. It is no surprise to see the likes of Tony Beets on Discoveries Gold Rush cashing in on them. Whilst this is a totally different process to what Alba will use the principle is the same. Modern technology and the lining up of all the elements is very much in Albas favour. If as the report says the mine produced 2.5 tonnes between 1862 and 1911. Imagine what it could do with today's technology. As GF also mentioned in the same presentation. The historic numbers for the mine were those that were declared. Nobody will ever know what amount actually did come out of it.