Member Info for Vulcan998

the questions session has probably just answered this question as GF states he is working on JV and partnership's.............wonder what the timescales are?

Just watched the presentation and it re-triggered a question....what is the future role of Alba? Is it just an Exploration company (as stated in the presentation), an exploration and mining (production) company, an exploration and licensing company..........???

As far as I am aware we have never been told that Alba will stick to exploration or how it will exploit the minerals it finds.

Isn't this rather important? Appreciate inputs if this has been set out anywhere?

6p

First Equity have retained a "BUY" view on Alba this morning - target not quoted but mid December 2018 their target price was 6p

so TiO2 seems to have a processed price as pigment of $150 per tonne. Perhaps we could ask $20 per tonne (my guess) for slightly processed ore (40%+ TiO2). So JORC would indicate circa $380M value of resource. Cost of production? Not sure.

BUT we do not know what happens next.......for some immediate shareholder returns a "Farm Out" agreement could see this coming to production more rapidly and with no more Alba money needed to achieve returns (perhaps starting in 12 months?).

I am sure the Chinese would be keen on such an investment IF our Greenland licence allows a farm out.

I would assess as solid but not startling........the additional employee expenses (termination of previous CEO etc) has reduced profits slightly.

All seems to be on track business wise and the payment from the Japanese franchise will reduce debt by circa 60% later this month.....

The key words for me though are around the future partnering/franchising;
"As previously reported, we are experiencing strong momentum in this strategy, with counterparties wanting to operate IWG's brands across a wide geographic spectrum. We anticipate further deals in the future to continue to unlock value for our shareholders."

Very positive for further debt reduction, special dividends and share price uplift.

Should be directly applicable to Alba's Thule activity:
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining30 April 2019
Permitting Update - Submission of Environmental Impact Assessment
Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce the submission of the Environmental Impact Assessment ('EIA') for its Dundas Ilmenite Project ('Dundas' or 'the Project') in Greenland, the world's highest-grade mineral sands ilmenite project.
Overview:
· Submission today of the completed EIA for Dundas to The Ministry of Nature and Environment, Government of Greenland
· No major environmental obstacles or larger impacts found by the EIA
· EIA is a key component of the application documentation for a full mining licence

The EIA, which was presented to the to The Ministry of Nature and Environment, Government of Greenland today Tuesday 30th April 2019, was prepared by respected international consultants Orbicon A/S ('Orbicon'), one of the most experienced environmental service providers with respect to mining and permitting related studies for mining operations in Greenland.

The EIA allows the authorities to understand the impact of exploitation of the ilmenite-bearing sand within the licence area as well as the broader region and forms a critical cornerstone in the application for an exploitation permit.

The submitted EIA concerns onshore mining, processing and infrastructure. It was completed based upon the development scenario as outlined in the optimised Pre-Feasibility Study ('PFS'), which anticipates yearly production of 440,000 tonnes of ilmenite concentrate from the Project.

The major conclusion drawn from the EIA report is that there are no material or unmanageable environmental impacts arising from the development of the Project.

another good day here. long may it last.......

So largely as expected. Large loss still and it is not obvious that the licence revenue is growing strongly.

The additional sale of equity MAY be relatively small - cash requirements for 12 months around £20M, and we have £16M available currently. However the slow growth in licence revenue may mean raising a larger amount.

The disappointment for me is the lack of forward view. How will licence revenues grow in 2019? What are the licence partners planning in terms of sales? etc etc

So can any gold experts on here tell me is the %gold being reported is good, or very good, or exceptional? To a lay person like me who has not read up yet about gold (because I did not really like this investment) the figures do not seem high although the pictures on twitter seems encouraging especially as there seems to be deposits in quartz (what they call in the gold hunting documentaries "a raft")
Thanks in advance.....

that's a strong buy from them.......

Very strong buying with only a small change in share price........
18-Apr-19 08:10:50 1.731 362,426 Buy* 1.69 1.748 627.36k O
18-Apr-19 09:04:35 1.742 3,000 Buy* 1.672 1.742 5,226 A
18-Apr-19 08:49:02 1.735 8,500 Buy* 1.652 1.742 14.75k O
18-Apr-19 08:48:13 1.735 10,000 Buy* 1.652 1.742 17.35k O
18-Apr-19 08:35:44 1.659 361 Sell* 1.652 1.742 598.97 O
18-Apr-19 08:22:58 1.735 100,000 Buy* 1.652 1.742 173.50k O
18-Apr-19 08:22:52 1.735 125,000 Buy* 1.652 1.742 216.88k O
18-Apr-19 08:22:41 1.735 150,000 Buy* 1.652 1.742 260.25k O
18-Apr-19 08:22:32 1.735 125,000 Buy* 1.652 1.742 216.88k O
18-Apr-19 08:10:32 1.731 180,000 Buy* 1.652 1.742 311.58k O
18-Apr-19 08:07:50 1.74 53,204 Buy* 1.644 1.74 92.57k A

Seems very solid in revenue and earnings, and it is good to see debt being paid down as it shows the business is still generating a considerable amount of excess cash.....

agreed the amount paid is much higher than the NAV in the accounts. If this is repeated in other regions then there will be a re rate.
In addition this payment reduces our debt significantly which was seen by many as too high.
I am not sure of the earnings impact.......
I have owned these in the past but I bought back in this morning.

thanks for the overview.........going great today again

And NESF is moving into the FTSE 250. Should mean some trackers will need to buy tomorrow / in the next few days.........

and still going up nicely........

So I am not a great fan of the Clogau investment by Alba BUT it does seem to be one they are focusing on and providing updates for. Given this I was wondering what approvals will be required before they can start any mining (using the old tunnels) or if they start to dig for gold in the wider licence area?
For the tunnels I would assume: Inspection to approve Health and safety for the re started tunnels. Waste permit and water permit from EA? I doubt planning from council will be required as would have been in place already?
For wider exploitation of licence area EA approvals for waste and water? Council planning permission for lorry activity and any equipment erected on site?
What do people think?
I am looking at the local council planning site periodically but have not seen anything yet related to Clogau.