focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
at the Greenland Day event.
https://www.youtube.com/watch?v=hsoTd_3C_qo
Looks like the earliest potential date for dewatering permit is now August. Alba still have dewatering that shaft as Plan A, and have no plans to do it another way. They are super confident they will get the permit, and just as frustrated as us at the length of time it is taken, so just even more patience required.
@Robbie, I also had another message from Alba like you and others I am sure, I will post it for any others who may be interested. I get the distinct impression that Alba are getting into gear right now. On dewatering alone, I am now expecting to hear that Alba have now submitted the final document as part of the European Protected Species Licence application leading to the granting of the permit, or they will tell us the nature of the extra data they may be providing along with some time frames going forward.
"Thank you for your email.
We apologise for not acknowledging your emails previously. Moving forward, our PR advisers will be taking over monitoring enquiries into our info@ email address which should enable a more timely response to emails such as yours.
As you may have seen, there will be a Q&A interview with the Chairman and COO this week which will be released via Vox Markets on Thursday. We will endeavour to answer collated shareholder questions at that interview, subject to the usual regulatory constraints.
We are very grateful for your support and understanding.
Kind regards
Investor Relations
Alba Mineral Resources plc
looks like I may be getting my questions answered after all...or maybe they will have been answered by then!!..Alba Mineral Resources plc (AIM: ALBA) will be recording a Q&A, which will be released on Thursday 16 June 2022 via VOX Markets.
Maybe not worth posting but I will anyway, as wrongly or rightly it gave me a boost.
I received an e mail response from Alba today, I had asked them some specific questions on the dewatering permit. They could not tell me anything due to Aim rules, that's to be expected.
"according to the AIM rules, has to be transparent and to release any material information immediately. Therefore, ..... advice is to follow our RNS’s closely"
There was more to it than that, but nothing in terms of new information. Alba are being very professional as always. However, my general feeling after receiving and reading the e mail, was very optimistic indeed. Just my personal opinion of course.
Re emphasis on one shaft
Its all about the dewatering license as getting this will prove to the investors, the public, that Alba can mine in National Park Area with the full support of NRW. Its not at all just about the gold in this one shaft. I totally agree with other posts, Alba have many more irons in the fire, that will/may prove more valuable in the future. Also they have other ways to get at the gold in the shaft, I agree. As for Gold in Wales, getting European Protected Species License, will make getting many other permits and licensees easier going forward. Alba are mining in an area where you need a man with a badger dog by your side when ever you dig a hole. With out a EPS license, everything will be a huge struggle, and take more time or my not even been allowed. The publicity generated when Alba get this permit will be big, like it or not, its what everyone is waiting for who is watching Alba. Alba have made it clear how important they feel this permit is, they are determined to get it, it has become a point of principle and indeed it will be a defining moment in Alba history in terms of Welsh gold. Yes without it, Alba can continue and be very successful no doubt. In terms of the here and now and the share price its only about one thing the dreaded dewatering permit. Only my opinion of course, and I am still totally confident that the permit will come.
On dewatering, I think just a bit more patience needed.
When Alba issues the statement on dewatering in the 24 May RNS " The Company has now received feedback from NRW in respect of those revised submissions. This feedback is being considered currently and may require further data generation by the Company. The Company and its technical advisers remain confident that the Company will be successful in its bid to dewater the shaft. Further details will be advised once the Company has a better idea of the likely timeline to a formal determination" Alba had had the draft report in their hands for three weeks.
To say " The Company and its technical advisers remain confident that the Company will be successful in its bid to dewater the shaft" at this point is good enough for me. This is the point where they would have thrown the towel in if the draft report had been very negative for whatever reason. So now we await the " Further details will be advised once the Company has a better idea of the likely timeline to a formal determination"" Nothing more for Alba to do or say until they are ready to give the further details. Alba did give a vox interveiw after that RNS, they did not mention the dewatering, it was all about the waste tips. They do have to be mindful of the AIM rules on disclosure so they can not really comment anymore without good reason on the shaft. I do believe getting this license will be pivitol for Alba as a company and I do believe the share price is going to rocket when this news drops. Alba is on the starting grid revving its engine just waiting for the green light.
My last contact from Alba was on the 9 March 2022, I had been asking some questions on dewatering. They replied saying that they are "required to operate in accordance with the AIM listing rules" and were sorry they could not comment on that subject. That is also when they told me they would be a holding a Q and A session soon. I have e mailed them twice since then and received no reply. Previously I have always had a reply to any e mails I have sent to Alba. My following e mails did mention dewatering so not really surprised I received no reply.
My last contact with NRW was on the 19 may 2022, again Aim listing rules came into play so my contact with them has now stopped. I do know as I have said before that Alba received the draft report back from NRW on the 05 May 2022. Alba have now had that report for over a month.
I was wondering where our George was off to last week, when he did Alba's last Vox market interview from the Airport. I was sure he was not having a week away in Benidorm at such a critical time for Alba. So now we know he was attending the EIT Raw Materials Summit in Berlin , whilst Mark Austin continues to drive the de watering application. I would fully hope and expect an update of some sort on the dewatering next week as it will have been a month since the draft report was received. Just waiting for the Alba rocket to take off.....its exciting times.
Great RNS
Very happy with the new CEO appointment. Looks like a premier league player to me.
"Stefan Bernstein joins GreenRoc from GEUS, the Danish and Greenlandic Geological Survey responsible for supporting the sustainable exploitation of raw materials in Greenland, where since 2016 he was the Head of the Mapping and Mineral Resources Department. In this capacity, he focused on developing Greenland's known geology through integrated programes in collaboration with the Ministry of Mineral Resources in Greenland"
On Dewatering, Alba need a European Protected Species License to get the permit. everything else is fine.
The feedback Alba received from NRW in the last RNS refers to the HRA document(Habitat Regulations Assessment) Alba now have to asses this feedback before applying for a European Protected Species License . Alba need the EPS license to get the water permit. The HRA is part of the application for the EPS license. Last time the feedback from the HRA told ALBA that more data was needed, this data would take months to get so Alba application failed due to the time it would take to get the data. Without the additional data, Alba application for the EPS would have failed, and this would mean no water permit.
So now Alba have the report from the Habitat Regulations Assessment sitting on their desk, in fact they got the draft report sent back to them three weeks ago. They are deciding if they need some more data before applying for the EPS. Once they get the EPS, the application for the water permit can applied for and be done and dusted. Its all very simple realy!! I won't say anymore about how confident I am that they will get the permit, I don't want to sound like a broken record anymore, I am happy with Georges confidence, and from what I know from my own research..
@Robbie2017
I use X_O execution only share dealing. £5.95 flat rate per trade no other charges at all.
https://www.x-o.co.uk/
“confident the company will be successful in dewatering the shaft”
"further data collection/submission may be needed"..Not a problem. In fact its hugely positive.
This RNS confirms exactly what we have know for months. It was simple, more Data=Dewatering Permit. Maybe we have enough data now, or maybe a bit more needed but Its nice to know that no other issues have cropped up since the last application, and its just down to the collection of data. It is great to see it in black and white in this RNS, I never has any doubts that it was "when" and not "if" we get the permit. Fantastic RNS for Alba share holders, just a little more patience needed until lift of!!
Very nice Final Results report...just waiting on NRW to do the paperwork and give us the permit, for things to start moving on the gold front.
"Much of our energy has been focused on our most advanced asset, the Clogau-St David's Gold Mine, where we hope to commence commercial processing/production in the near future and take advantage of the strong gold price. Notably, Welsh gold fetches a premium over normal gold spot price, placing us in a strong position to pursue commercialisation opportunities such as entering into a JV/offtake with a luxury international brand or producing gold coins/bars for investment"
Such a long time waiting, very frustrating but it will be worth it.
From the NRW website a fresh application( Alba is a new application, not an amendment) for a European Protected Species License is 30-40 days. Les say Alba applied for the EPS license on or around 13 May , it could still be a little while before we get the result. When we get the EPS license, we still then need to have the water permit granted, I have no idea how long it will take from getting the EPS to getting the water permit. If NRW pull their finger out lets hope they will get things done quickly for us. NRW are still talking of working from home, delaying issues, so I am not expecting any miracles with the time schedule now, just have to be patient for a little while longer.
You got it Robbie.
I do believe it works like this.
The HRA draft is submitted to NRW ( this is when Alba failed last time because of insufficient data) no approval of the HRA by NRW, and no application made for European Species License and no water permit.
So this is what will(should) happen this time, HRA draft gets approved, European Species License is applied for and the granted (a formality) then water permit is applied for and granted( a formality) all done by NRW.
I better not comment any more on this water permit, I don't want to break any rules, just waiting for Christmas. This is my opinion only based on my own research:Strong buy!
I feel like a child waiting for Christmas, knowing I am getting that present that I want so much. I know this weekend I will be sleeping better than ever before confident that that present is wrapped and under the tree. Have a good weekend Alba share holders, I know I will have a great one.