Member Info for Wolveshaveeyes

lloydsterlini

The office is still there, at least the building is still standing and an Alba sign is attached. Unable to vouch for employees using the building but hopefully they are at the mine or exploring the other targets.

Wolves

Scotalba

Whilst I agree with a lot of your post 13:59 I do not think you are recognising the difficulties that NRW face with these determinations. For me this is all about the height of the bar they are going to set for the future. This is not just about the one mine, they know that they will have to apply the same criteria for probably a number of mines in the future.

NRW will be aware of the sensitivity of opening up these old workings and I believe before this is determined I wouldn't be surprised for this to either be reviewed by their own legal team, or advice sort from the Environment Agency legal teams some of who work at the cutting face of Environmental law.

Whilst I find the time being taken to provide the determinations frustrating, at the same time they may be setting a precedent for the future. This may actually help speed up the long term wider search and extraction of gold and other minerals across the whole gold belt. Time will tell but I am banking on a positive determination and for me they are just doing what they are paid for.

I anticipate that Included within NRWs quarterly achievement report, it may read '..............whilst protecting the following species in their natural habitat, working with a mining company in the Snowdonia National Park (I can remember its new Welsh name) we have helped facilitate the potential recovery and discovery of xxxxx tones of gold whilst xxxx number of skilled high paid jobs will be available for local people in the Dolgellau area.'
'The template developed for this determination will allow a pathway for speeding up all future applications with an expected NRW manpower hours saved of xxx over the next five years'

tick.

This is my opinion only and I could be way off the mark.

Wolves

Sorry if you have already viewed this.

https://www.youtube.com/watch?v=rTawvzH0MQ4

Wolves

Is it really the bats that are delaying things?

Is it more plausible that the Welsh Assembly has decided it is time to introduce environmental legislation for the protection of Dragons? Maybe the debate was so fiery that it was decided to include changes to any updated Habitat Directives thereby directly affecting NRWs ability to make a decision as the said mythical creatures have yet to be found?

Wolves

Boffin

I suspect:

1. Legal advice
2. To ensure as good as possible working relationship is maintained.
3. Maybe to stop Peel fence sitting now knowing there are maybe other options opening up around the world for PHE. Your in or your out.
4. Cost of money/borrowings.

Wolves

Cureboy 16:57 today.

No it doesn't.

PHE need to get some of the potential converted into reality. IMO it has been treading water for far too long. BOD taking back control is what was needed all along. It needs one operational plant. Are the team good enough to find the finance without major dilution of shares? I'm not sure. Should PHE be relying on HUI or Peel? certainly not.

Wolves

Hi Dr.A,

Thank-you for your reply.

Wolves

Dr A

I asked you a couple of questions back on the 20th March 2023. As yet these questions remain un-answered although MJAllen was kind enough to respond to some financial information.

AS you have contact with those close to the project I again ask:

1. I understand that the Whites bringing their ownership levels below 20% was due to contractual issues relating to their levels of PHE involvement. Do you know if by bringing their ownership below the magic 20% are they now able to action a takeover of PHE?

2. Is the Peel option transferable? Could the Whites either buy, sell or be gifted the option by Peel thereby financing PHE with cash to then take their ownership back up to 29.9% and providing PHE with enough finance to get the Peel project or somewhere else up and running?

Wolves

Divvyup

In the past the UK Government and its departments have considered Icebergs for a number of reasons. Two interesting ones:

1. WWII, could they be used as aircraft carriers.

2. 80's - 90's - Was it feasible to tow an iceberg to the UK to alleviate a summer water shortage during drought conditions.

Wolves

Mjallen, Thank-you, it is always good to obtain someone else's opinion.

I had estimated between £2.75-3.3m so not that far different. Your upper and lower levels are far more precise than mine and I haven't allowed for any potential trading within the reporting boundary triggering TR1 if it had occurred.

So this appears to be a long way short of the Peel offering but is it sufficient moneys to plug a financing gap that is delaying any start? Dr A, please can you shed further light on the questions raised in this and my previous email.

Thanks

Wolves

Good Afternoon Dr.A. Good to see you are still posting on here

Please can you answer a couple of question on the White consortium for me and I apologise if they have been asked before but I may have missed the answer.

I understand that the Whites bringing their ownership levels below 20% was due to contractual issues relating to their levels of PHE involvement. Do you know if by bringing their ownership below the magic 20% are they now able to action a takeover of PHE? If they have been selling shares from the peak c. 10p then they will have converted a large value into cash. Have you any idea how many millions they will have made in GB£?

Have you asked what their intention is to do with this cash and any implications to PI's?

Another question, is the Peel option transferable so could the Whites either buy, sell or be gifted the option by Peel thereby financing PHE with cash to then take their ownership back up to 29.9% and providing PHE with enough finance to get the project at Peel or somewhere else up and running?

I look forward to any insight you may have on this.

Wolves

MJA - Hydroponic and aquaponic systems being set up adjacent to PHE units was raised a number of years ago. Vertical farming to me is all part of that side of a business that is complimentary to the use of DMG outputs.

I have been looking back at my stream of emails and contacts with PHE over the last 5-6 years and can only sigh with frustration. Through no fault of KR as far as I can tell , the ZM interview indicated that the classification of hydrogen by the UK Govt is unclear or at least inadequate. The potential leads to sort this were put on the table years ago but I have no idea whether they were ever followed up. I repeat that it is so frustrating that this is still an issue.

Wolves

The RNS was very clear and explained exactly what the appointment was for.

This appointment gave me the visibility of future activity timelines. If you believe it as I do, then this is fantastic news as it indicates confidence in the future operations and anticipated outputs.

Alba, have you unintentionally just 'let the cat out of the bag'?

Wolves

Prentice, thank-you for drawing my attention to it. I will watch it tonight with interest.

Wolves

I think the RNS is very clear, nothing is off the table. From the RNS it appears that there is no intention to have a single partner but multiple ways to market and hopefully at the very high end where margins are greater.

As per the RNS:

'Vivien's role with Alba will be wide-ranging, encompassing the fostering of partnerships and offtake discussions with jewellery brands, manufacturers, and designers; managing stakeholder relationships, including harnessing the already considerable support for the Mine within the local community; and supporting Alba's planning process towards permission for full-scale commercial production at Clogau. A key aspect of her role will be to devise and pilot a provenance-proofed, traceable "mine-to-market" supply chain for gold produced at Clogau, which will underpin the Company's ability to command a premium price for its products.'

Self explanatory and IMO a good RNS.

Wolves

There are also a number of historic workings in South Wales. It is unlikely that those reserves have been exhausted and there is probably still untapped reserves to be discovered.

Wolves

There is certainly a number of weekend and holiday panners looking for gold up in those hills and the tributaries of the Afon Mawddach. I'm not sure how legal it is though. They would have difficulty in selling the gold as being Welsh in origin due to any real evidence of where it came from regarding certification and authentication.

The Parys mine would however not have the same issues regarding certification and with the correct marketing and scarcity could actually afford a separate premium from other Welsh gold sources. The Druids gold!

Wolves

I can't imagine NRW doing a deal, for WR & WQ they are a regulatory organisation. They will have provided guidance though.

Wolves

Reading for the inquisitive who wish to soak up knowledge regarding Welsh metal mines and the Environment.

'Metal mines strategy for Wales Executive summary' An interesting document by Environment Agency Wales (now NRW) issued in 2002 but still relevant. How many of the mines in the top 50 are sited within the Alba area of economic interest?

NRW 2022/23 Business Plan states:

'deliver the next phase of the Metal Mines Remediation Programme to deal with the legacy of contaminated land, impacts on water quality and mine hazards'.

Does St. David's / Clagau start as a low risk site? I'll let you draw your own conclusions as to how it may effect permitting.

Wolves

elir71 post today 06:51. I agree with you on this but the most interesting part of the RNS to me was 'payment of option fees in respect of potential new, value-enhancing project acquisitions'. Something already in mind , maybe with a tight timescale for agreement hence the timing?

Wolves