Member Info for Yanis2005

Mirasol,

We all know what Shell’s involvement is - they will simply buy all the gas produced. The essence is that Angus already has a buyer for the gas.

Is it irrational optimism to expect the funding deal to be completed? Is it misplaced faith to expect Saltfleetby connection to the National Gas Grid after that?

I’s it irrational to expect the SP to go up? It already has ... if you bought earlier on at circa 0.6p - and there was plenty of time to do that - you will now be sitting near enough on 100% profit ... and is only just starting!

Those that are here to make money, know what to do. GLTA.

What happened here today? All 31 posts positive :)

Where shave the naysayers gone?

Another 0.54p up and I will break even ... then is profit :)

Ocelot, fair point.

What I don’t get with these warrant holders though is why are they exercising so close to the warrant issue price (0.32p) arresting SP appreciation.

The ALBA 0.32p warrant holders so far exercised 12.5 mil, 3.125 mil, 22.1875 mil, 5.625 mil, 2 mil, 11.25 mil, 1 mil, 1.875 mil and 12.5 mil ... all very close to the warrant issue price. This doesn’t help the SP at all.

Deecay, the SP is not likely to drop. Is sitting at very strong support and as soon as Speadex clears the way, it should fly. GLA.

Bought in today, I like the chart. Looks like is getting ready to blow. GLA.

Ajmj, I am no expert and maybe I over-simplified my calculation and looks like I got it completely wrong.

From what Alba announced, Alba collected bulk samples from the underground campaign.

Alba said in the 22 July 2020 RNS that they will send the first bulk sample to a laboratory,

“Alba intends to process the first bulk sample of around 3-5 tonnes of material at a third-party mineral processing facility in the UK.”

https://www.lse.co.uk/rns/ALBA/clogau-gold-mine-bulk-sampling-programme-jw32hkb7tc3ffe6.html

I, like most others I think, were expecting the results (x g/t) for this 3-5 tonne bulk sample.

This didn’t happen. Looks like Alba changed their minds and sent concentrate to the laboratory instead of the bulk sample? You seem very knowledgeable, are you able to clarify this?

Ajmj,

Thanks for the explanation, appreciated. Read your previous posts and makes sense now.

So, based on your explanation, if the concentrate contains 78% of the gold and the tail contains the rest (22%) then the complete bulk sample will contain 26.54% grammes per tonne (I.e. 20.7/0.78).

So, the gold content of the complete bulk sample they used is much higher than the announced figure of 20.7 g/t, is 26.54 g/t.

Now, if they intend on recovering the gold from the concentrate only, what happens to the gold content in the tail which is quite substantial (5.84 grammes per tonne)?

Not sure though how the lab analysis confirmed the (continuous) production of 20.7 g/t from concentrate since another bulk sample may produce concentrate that contains a different gold content.

However, I am still puzzled as to why Alba chose to announce gold content in this way. What happened to the 3-5 tonne sample mentioned in the 22 July 2020 RNS?

“Alba intends to process the first bulk sample of around 3-5 tonnes of material at a third-party mineral processing facility in the UK.”

https://www.lse.co.uk/rns/ALBA/clogau-gold-mine-bulk-sampling-programme-jw32hkb7tc3ffe6.html

Had they sent the complete bulk sample to the independent laboratory, then announce the gold content of that sample as 26.54 g/t then the SP ceiling would have been blown off.

Announcing just that (I.e 26.54 g/t) is more important to the SP appreciation. They could then have added an explanation as to how they intended to proceed with using the Pilot Plant

This RNS is as if Alba doesn’t want the SP to appreciate which is not true ofcourse, is just that they don’t pay attention to sentiment.

The RNS looks very rushed, even though they had plenty of time during the holidays to compose a proper RNS. Really disappointed.

Glasir,

I am extremely disappointed with this RNS. I been holding Alba shares for the last five years and never sold any before ... until yesterday.

The RNS should have concentrated on the gold content of the sample.

The 22 July 2020 RNS was clear “Alba intends to process the first bulk sample of around 3-5 tonnes of material at a third-party mineral processing facility in the UK.”

https://www.lse.co.uk/rns/ALBA/clogau-gold-mine-bulk-sampling-programme-jw32hkb7tc3ffe6.html

So, Alba should have confirmed that this was done and the results are ... Exceptional gold content of 20 Grammies/tonne.

That would have blown the ceilings off the SP.

Kelbelle,

Is not just the size of the sample. Is also the questions I raised below. How did analysing the gold content of a sample do the following:

(A) Validate the Company's process flowsheet

(B) Confirm the production of a 20.7 grams per tonne gold concentrate

I would imagine all the laboratory can do is weigh the sample, extract the gold, and come up with a figure of grams/tonne.

How did Alba use the laboratory figure to come up with (A) and (B) above?

I am puzzled and confused - the results should have blown the ceiling off the SP, instead it blew the floor. Why?

Why? Because it was poorly and badly written, looks like it was rushed without being proofed read! Left more questions than answers.

With that kind of sample content, the RNS should have had a title with the word “outstanding” or something equivalent in it! 20.7 g/tonne is exceptional.

20.7 g/tonne from the first sample should have been the highlight and not obscured in the way that the RNS did.

What on earth does this mean? “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

“... has validated the Company's process flowsheet ...”
“... and confirmed the production of a 20.7 grams per tonne gold concentrate”

How did a small sample sent to a laboratory “validate the Company's process flowsheet” - HOW?

And how did a small sample sent to a laboratory “confirm the production of a 20.7 grams per tonne gold concentrate” - HOW?

Can anybody shine a light on this?

Elir, we need more press coverage.

During the last three trading days of 2020 the SP rose not because of the Alba RNS and video but because of the exposure in the newspapers - Daily Mail, The Sun, Times, plus local papers.

If you remember, the SP dropped just after the Alba RNS but then picked up after the press coverage.

Hopefully, fingers crossed, the papers will print something again.

Brought my average down to 1.79p :)

Happy with that, but I may buy some more.

Need some more press coverage to break through the 0.6p.

How many people here have been holding ALBA for more than 3 years?

I am going for my fifth.

We might not get an RNS until Forest Nominees finish buying. If they go for their usual 10-15% then there is still work to do and this pull back might be to allow them to load up a bit cheaper. Hopefully, they are still buying.

Scotalba, thanks. That is what I was looking for, cheers, I missed it.

So, that implies that the first bulk sample was indeed sent to a laboratory in October and we should be getting the results of this sample anytime now. GLTA.

DIFTK,

Negative slant? I probably have more to loose here with the SP going down than the majority of holders.

The issue here is transparent information.

From the 22 July 2020 RNS:

“ Alba intends to process the first bulk sample of around 3-5 tonnes of material at a third-party mineral processing facility in the UK.”

https://www.lse.co.uk/rns/ALBA/clogau-gold-mine-bulk-sampling-programme-jw32hkb7tc3ffe6.html

That was stated on 22 July (almost 6 months ago). Nowhere in any other RNS have I seen a statement to indicate that the first bulk sample was sent to a laboratory - Have I missed it?

Your statement below (I.e. "the Company will own any gold recovered from the processing of the 36-tonne bulk sample extracted during the underground bulk sampling programme which was completed last month.") is not the answer to the question.

All that says is that ALBA will own all the gold recovered from the sampling - which is good for us shareholders.

However, a lot of people here are waiting for the assay results of that first sample that was meant to have been sent to the laboratory. And since we haven’t seen anywhere to state that this sample was sent or indeed the results from that will be announced, all these people might be disappointed with no results coming in the immediate future.

It is possible (reading between the lines in the RNSs) that ALBA changed their mind and didn’t sent that to the laboratory with the intention that they will analyse all using the Pilot Plant and then announce all results in one go. Not that this is a bad thing, but transparency avoids disappointment.

Can you answer this question: was the first sample sent to the laboratory? And when the first sample results will be out?

Announcing when the results can be expected is something that companies do. It is possible that we are not going to get the results from that first sample until all sampling is completed by the Pilot Plant.

So that this is something that needs clarification.

Ocelot,

Assay results

I haven’t seen anywhere in the RNS where it says that the bulk sample was sent to the laboratory - Have I missed anything?

Have you seen anything?

Quite a few hefty buys now, 2 mil at a time but the ASK is not even dented!

I haven’t sold any yet (I still hold shares I bought at 0.75p - yes, 0.75p!) as I believe that when the Clogau news come out the SP will move up. But this is very disappointing and frustrating.

Ocelot, the drop is purely down to all eyes been on Clogau. Today’s RNS (not being on Clogau) induced some doubts (on Clogau). Thus the sales and the drop. Typical ALBA, never comes with the right news at the right time. Disappointed me.