Alba Mineral Resources Share Discussion Threads

[25wbh] 17/7/2018 10:30

10.30 lunch break time also

[livup967] 17/7/2018 10:24

14MILL BUY JUST WENT THROUGH ... MM drop the price back for no reason to fill it....

bhaaa

[patientcapital] 17/7/2018 09:35

Align's interesting view"Something clearly does not add up. If we strip out of JAY the circa 15m GBP of cash we estimate is left on balance sheet (@ 1.7p) and apply an arbitrary 1p for the balance of their Finnish portfolio this still implies the market is valuing JAY's Dundas field at in excess of 20p per share or approx £170m. By way of illustration of this phenomenal market disjoint, if we applied the same valuation to ALBA's licence area (which at present has, we would argue, less than £1m of implied value in their market cap) the stock would be trading at 6.5p. That's right 6.5p – over FIFTEEN times the current market cap.NOTE – we have not included in this piece any value attribution to ALBA's other assets at Horse Hill, Brockham, Amitsoq & Inglefield (also in Greenland) or the Clogau gold project in North Wales & Irish lead & zinc interests. Third party analyst estimates of value here run up to 10p per share too.To conclude, IF the valuation of JAY has any basis of reality then ALBA is stupidly undervalued on their Thule licence front alone. If (as we believe) JAY's valuation has no basis in reality and is an illustration of what can be done with a limited free float and hard promotion, a short position here v a long play in ALBA we believe will pay dividends many times over as we progress through 2018 into 2019."

[tidy 2] 17/7/2018 09:31

Big move north coming. Bye bye 200DMA.

[buffskins] 17/7/2018 09:26

in here for a few - looking goog. UKOG going great guns too - something is afoot.

[spawny100] 17/7/2018 09:24

0.55 target on this breakout

[25wbh] 17/7/2018 08:53

Up we go with nice steady buying !!!

[graylyn1] 16/7/2018 22:47

worth having another listen......

[25wbh] 16/7/2018 16:37

1 million buy at 4 at 4.30

[graylyn1] 16/7/2018 15:44

Alba Mineral Resources
‏


@AlbaMinerals
50m
50 minutes ago


More
#ICYMI Watch the @CBSNews @JonVigliotti feature on the history of the #Clogau St David's #gold mine following today's news that we have conditionally agreed to acquire a further 41% interest in Gold Mines of Wales Limited: hxxps://www.cbsnews.com/video/rare-welsh-gold-used-in-royal-wedding-bands-for-a-century/ … … #ALBA

[theaviator] 16/7/2018 15:34

Delayed reaction. Good RNS. Will be up in 50's v soon folks.

[geoffmanana] 16/7/2018 14:36

Very informative posts Graylyn1 thanks.

[graylyn1] 16/7/2018 14:05

good article

The boss of a mining company that wants to restart gold extraction in North Wales says new technology can help them find the “next Clogau”.
It was announced last year that the AIM-listed Alba Mineral Resources plc had snapped up a stake in Gold Mines of Wales Limited (GMOW), which owns the Clogau project situated within the Dolgellau gold belt.


George Frangeskides, Alba’s Executive Chairman, says new scanning technology can help find valuable Welsh gold in the existing Clogau mine and new mines in a 104sq km area where they have exploration rights...see link for full article

[graylyn1] 16/7/2018 14:01

Clogau mountain is traversed by 6 lodes, much the richest being the St David's lode, the origin of over half of the area's gold.

Clogau was originally a copper mine. Its workings include Old Clogau Mine (SH678198), a copper mine which finished in 1860. St David's or No. 1 Mine (SH676202), which was the location of the 1861-62 gold strike known as Parry's Bunch and which was the catalyst for the area's subsequent gold rush. Also Clogau or No. 2 Mine (SH673201), eventually the largest of the Clogau mines. Both of the latter mines worked the St David's lode and were later connected via Level Fawr or Ty'n y Cornel Adit, the Main Crosscut, with its mouth at SH672201.

A further mine, West Clogau Mine (SH668195) was opened on St David's lode in 1862 but was unproductive and was abandoned in 1865. This is the location of the Llechfraith Adit, a deep adit driven to below the Clogau Mine between 1899 - 1906. No useful ore was found in driving the adit.

Clogau Mine was much the richest and most extensive of all the Dolgellau gold-belt mines and was, on occasions, worked jointly with the nearby Vigra Mine. Although the main phase of mining ended in 1911, the mine has operated intermittently and on a much smaller scale to the present day. In recent times both the Clogau and Gwynfynydd mines have been exploited by companies taking advantage of the high premium payable for Welsh gold in the jewellery market. It last closed in 1998.

The officially recorded output between 1862 and 1911 was 165,031 tonnes of gold ore from which 78,507 ounces of gold was extracted.

[livup967] 16/7/2018 13:39

that was a very good none horsehill news.. nigh on double there welsh gold asset..
to 90% ... while we wait on flow news from the gusher ... this is only going
one way when the penny drops....

[tidy 2] 16/7/2018 11:24

Ukog is hype. Alba not over priced.

[tidy 2] 16/7/2018 11:23

It's true.

[tidy 2] 16/7/2018 11:16

Pretty good and now alba owns 90% of premium grade gold mine considered the best in the world in addition to the current HH bonanza.

[tidy 2] 16/7/2018 11:02

HH is the current driver. We hold as much of HH as Ukog did the first time around more or less and look at our cap compared to ukog today 122m quid to alba sub 11m quid. If you want higher risk buy Ukog. If you want a safety cushion hold alba

[livup967] 16/7/2018 10:49

the market don't fully understand the significance of this news...

they will soon......

REGARDS...

[camelot5] 16/7/2018 10:22

Fantastic opportunity to get in sub 0.40

[graylyn1] 16/7/2018 09:46

Interveiw, coming soon.