Member Info for ZaphodBeeblebrox

Good to see the company is not resting on its laurels.
"Following recent constructive discussions with the regulatory authority, Alba is in the process of preparing certain supplementary information to enable a further consideration of the Company's application to dewater the Llechfraith Shaft."
This sounds a promising and sensible approach for both sides, and could lead to an expedited resolution.

The report of spoil tip samples grading 0.353 g/t Au and 6.76% Cu at the Hafod Owen Prospect make me wonder whether that might be a good place to start monetising for copper and gold. Of course, no detail on how much tonnage there is in the spoil tip but makes me curious.

Yes, there are signs of life, so thanks for bringing this latest investor presentation to everyone's attention Cloudy390
All near term milestones now pushed into 2022, and I cant see the sp reversing till we have some evidence of progress in something. Anything.

stevemocal: two icebergs for the price of one
zaphod: the bulk of an iceberg is hidden beneath the surface
iceberg, I feel you will be redoing your VALMIN analysis soon:-)
news, hope you are a cheerful chappie tonight!

Great results, certainly looking like we have a regional multi porphyry system.
Open pit tonnage just getting bigger and bigger!

Looking back at 2020 there were 3 placings so I guess we were overdue one for 2021.
I guess the BOD do not want to spoil us? Lol.
The 20% discount was disappointing, but if the funds are targetted at accelerating progress at Han**** and EH I guess I can stomach it. Holding for now, untill Bill Brodie gives us more clarity on what he is up to.
Good luck all, esp LTHers.

Dear Fakevenues,
With such a small discount to the sp, this is less a dilution than an increase in company size.
Proceeds to be used for drilling and increased production, can't argue with that. I agree with you that more information is needed, to clarify future plans, as well as clear up what is going on with the licenses. I would expect further updates imminently.

iceberg - hope you and your family are recovered now from covid without any long term issues.
I agree with you that hole 22 and 23 indicate an even better stripping ratio and economics for the shallow pit design.
Makes this a tempting dish for a hungry major, I would think! Lucky - I think you might find you are at the low end!
Roll on the next 3D model!
Good luck all my patient fellow LTHers, and newcomers.

Hi back andmillsy! Glad to see you are getting the word out on twitter!

Looking back at the 26th July 2021 webinar, as Shorn suggested, from about 15 mins on, it is interesting that the company geologists had the high grade zone already extending outside the planned shallow pit. Hole 22 extends that to approx 700m at depth, as it was near vertical. Hole 23 adds on quite a nice extra volume of mineralisation outside the current JORC.

I also wonder what "more intense" mineralisation is, but I think they are using it the same way that in previous RNSs they have used the phrase "stronger" mineralisation. I guess we have to wait for the assay results.

I hate to hazard a guess on enlarged tonnage or grades, but everything is going in the right direction.

Looking at the map of sample results over the structural framework, there seems to be a fairly clear association between higher gold sample readings and the Tchollire-Banyo Shear Zone and related structures, over a distance of 60-80 km.
Great progress - certainly looks like a new gold district is on the cards.
Certainly the SP does not deserve to be languishing at these levels with such promising exploration possibilities being zeroed in on.
Good luck all LTH.

DP looks the cat that got the cream at the end of that video.
Obviously he is enjoying the hunt for the source!
Have a potential monster sized porphyry find over at Xtract Resources (XTR) Bushranger near Sydney.
Would be great if ROCK made it 2 this year!
You are all welcome for the cross-reference! :-)

· Drillhole BRDD-21-022 was drilled from the NE side of the deposit, successfully intersecting the high-grade "crown" at shallow depth and testing the down-plunge extent of the eastern limb of the deposit. Based on preliminary logging, the hole was mineralised throughout a lengthy interval of 731m, including three zones of more intense mineralisation

· Drillhole BRDD-21-023 tested the along-strike continuation of mineralisation intersected in drillholes BRDD-21-018 & BRDD-21-020 towards the NW of the deposit. The new hole intersected a 152m interval of variable copper mineralisation, confirming the extension of the deposit beyond the limit of the current Inferred Mineral Resource.

Certainly would expect to be heading back over 1 p with this great RNS!
Looking forward to the continued news flow, but at such a low mcap and the chance we have a massive copper porphyry deposit on our hands this is looking a bit of a bargain.

Nice article on company contribution towards the Philippines National Greening Project .
https://www.manilatimes.net/2021/10/09/business/green-industries/mining-company-makes-progress-in-greening-program/1817655

"The Company expects a stabilised rate of production of approximately 100 BOPD is to be achieved in the near-term once well production is optimised, representing a 500% increase in production from ROB-1 over the previous daily production rate of 20 BOPD that had been recorded since the last workover performed in 2012. "
100 bopd, $80 per barrel oil price, $8000/day, or approx $3 million per year sales value. Workover costs repaid within a year and then it's a nice little earner. Lovely jubbly.

Folks, I tried to get in for the Investor Call last night, but for whatever reason I could not get in.
Anyone else manage to attend? Any updates appreciated.

Good news that the ROB-1 workover was completed and several issues taken care of.
AC "We intend to report flow rates from ROB-1 shortly, once they have stabilised".
2-3 days for well swabbing and a few days to establish stable flows, so I would expect an update next week at the earliest.
This is a good RNS after several positive RNS releases from September, so all looking promising for the year ahead.

Absolutely spot on, adpowers!

Snooz
Just a quick note to say I appreciate your effort to put these urls together.
V useful especially for ASX news if something tasty comes up.
As my old headmaster used to say at our boys school "The early worms catch the birds".

Andrew 4444 "My time horizon was 2 or 3 years but things got, urrr, complicated as the sp tanked so I just kept averaging down, and down."
Been in XTR since 2015, when the sp dropped by 75% following the fiasco at Chepica, Chile. At the 200 to 1 share consolidation in 2017, I had an average of nearly 15p! Africa alluvial and hard rock has been an ongoing disappointment of delays and placings but it may be turning at last, 4 years late.

Sirius Minerals SXX is a lesson that averaging down is a risk, that majors will not hesitate to stiff a smaller company, and that the BOD wont hesitate to stiff their PIs - all helped along by the angels (!) at JP Morgan, and the useless UK government.

Thank God for Bushranger, otherwise this company could have turned out like Sirius Minerals. I suspect it will turn out rather rosier but I await more drill results and updated 3D models and volume ranges.

I've been an investor in SNG since March 2020. I have taken profits and was on a free ride but I topped another 6000 shares this morning as I think this RNS derisks SNG considerably. Once US markets open I expect us to be above placing price at 175p.
However, as Ghia and others have pointed out, we are in slightly different world than in 2020. It should be clear to all of us by now that the powers that be in the UK, USA and elsewhere have been backing vaccines and neglecting (negligently in my view) research and use of treatments over the past year and a half.