Share Name Share Symbol Market Type Share ISIN Share Description
Alba Mineral Resources Plc LSE:ALBA London Ordinary Share GB00B06KBB18 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.28 8,695,017 08:00:23
Bid Price Offer Price High Price Low Price Open Price
0.26 0.30 0.28 0.26625 0.28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.31 -0.04 17
Last Trade Time Trade Type Trade Size Trade Price Currency
12:37:50 O 958,469 0.2625 GBX

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Alba Mineral Resources Daily Update: Alba Mineral Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker ALBA. The last closing price for Alba Mineral Resources was 0.28p.
Alba Mineral Resources Plc has a 4 week average price of 0.27p and a 12 week average price of 0.27p.
The 1 year high share price is 0.56p while the 1 year low share price is currently 0.06p.
There are currently 6,227,828,989 shares in issue and the average daily traded volume is 57,257,839 shares. The market capitalisation of Alba Mineral Resources Plc is £17,437,921.17.
ryanrhys: The gold was trapped in a shale level, inversion of the Welsh basin and then erosion exposed it. Going deeper sees you in other levels that historically have never held gold or enough to be profitable. They actually dug deeper and drove a long adit, the adit they are hoping to dewater, but found nothing and they had no need to maintain or prospect any more. Alba went into this mine and couldn't find gold so to keep you still dreaming of buried treasure had only one option - to prospect the one place everyone said was fruitless. Now any fool and his dog can locate traces of gold and form what appears to be amazing assays, life altering results, but that doesn't mean there's much if any gold and we see Stella, Arkle and others produce such assays but then find nothing not even a gram. What they wanted to do was hit gold from day one, they even bought a big grinder and wash plant so even smaller grades could be recovered but no RNS for over half a year means they haven't found much and now seem to struggle. The dream of commercial and profit are long gone, assays may mean something to the uneducated but we all know this dog needs putting down fast as there isn't enough gold and it's darn hard to locate and dig. This is what Alba do, buy assets, ramp them but for years do zero development and always are so far away from producing that it becomes a game of ramping and not something you can invest in long term. If they were world class assets you would buy mine machinery, production plants and seal deals with companies and end users, they have none and no interest which tells you these are not world class but unprofitable lots small companies raise £20 million in cash to live a nice life of. Case in point is Limerick, even Glencore has stated there is no profit to be made there but Alba will tell you they have world class zinc and nickel assets that will make them millions. Such confliction leaves the clever taking Glencores reports over Alba's. Greenland for eight years has been ramped for graphite, not one digger truck, processing plant, dock or deal with any company just the same small exspanse of sand it has always been. How is that world class, world class gets dug straight away and supplied to an eager market. Bad ramping and they have profited to the tune of millions in shares for years now. See it as it is don't take Alba's over inflated word for anything.
johncasey: alba will release news about the gold they have after next weeks auction of the gold nugget in cardiff..if it fetches a record price then alba's share price will probably get a big boost
ryanrhys: It's very rare a full circle of ramping gets completed but Alba just did so let's close the loop for those who won't understand what's happening around them. We all know gold and graphite won't happen but we all saw the bad and heavy ramping to gain your money so here's another tall Alba story for you..... Glencore own a substantial lease up in Limerick, they don't want to mine and deemed it unprofitable and patchy. A great hold for years down the road in a big company that can hold dead assets long term. But group eleven and our old Welsh gold mining failures Arkle bought the leases next door thinking they could find a few bonanza grade jackpot type deposits in amongst the unprofitable patches. It's not a good gamble but they were cheap and could work. Glencore recently gave some small funds to help them drill, its in Glencores interest to know more of the geology. So bouyed by this a few weeks ago Alba starts bottom feeding of that and quickly found historical drill cores and surveys which have very bad results they doctored to look good. Alba's lease being in one of the worst places and away from any real grade or chance of development. So that's why the random Limerick RNS because guess where GF will be? Yes that's right, feeding ramps with Henson to potential short term investors. They will say that the Glencore deposit is massive and group eleven got investment etc etc and we are holding plots next to them so Alba must have massive reserves so hand over some cash and we will double it. The point is Alba don't and Limerick won't or certainly not Alba's lease but they aren't developing or mining just selling shares for wages and private investor profit. The ramping and bottom feeding Alba does is terrible, ask them when they buy mine equipment or develop anything and they will run a mile. Greedy but a fool and money and all that! Don't believe Alba about Greenland or Limerick, it's been published why Glencore don't develop and Alba bottom feed. Now you see what Alba do and why after years and years all they do is sit back and pay themselves well with zero development maybe a few holes and bucket of black sand!
ryanrhys: You don't think a bucket of Greenland sand and few holes in a Welsh mountain are World Class assets? You don't want to wait another four years on top of the eight already waited for SUPER flake graphite? And with gold only three years away you haven't got the confidence in Alba? Just top up again and become a heavily diluted long term holder with the rest. Good morning trolls, another nice day here and I've got the whole day off to apparently drop the share price being some supposed city boy even though I live only twenty miles from this Gold mine. I have quartz veins on my property, who wants to buy in for the million or so in gold they must hold? Alba crooks, come on GF needs his wages it's only fair and after all if you keep paying for another year you might finally get some assays and an RNS saying they didn't find much.
ryanrhys: Five mins a day, big waste of my time not! Bashing - Alba bash themselves no-one person can make share prices move on their own it is what it is. Gold - not seen that in three years of GF saying this already dug mine has billions and visible nuggets everywhere. I simply traded on the ramping, Greenland ramped by Alba for eight years now, never did I think they were going to dig any out, gold for three years still none but GF did clearly identify end of March as there being a massive RNS and result. Who's right and who's wrong here? Seems like you need to get an account on LSE with the other fools who believe, facts are it's a poor show and to not produce even a ramp when promised means they have sunk so low and failed very sadly. What should I say other than truth or facts now go message your leader ask where this RNS is?
ryanrhys: EV battery tech is fast approaching the elimination of graphite in its construction, possibly by 2025 they will need a new market and suffer heavy competition and prices as half the world has geared up mines for production. Already the market is flooded and without interest soon could easily pass Alba by. Nickel is looking doubtfull but again a total lack of exploration and no development in sight for their low grades found to date. It's really hard to envision much unless they get the ball rolling fast which is my main concern with all their assets and especially the gold which if their reports were true they could easily remove the water and dig the short shaft to this new supposed lode. Analysts have pointed out how thin Alba is spread which could be the problem in proving anything in a respectable time frame. Revenue is key now, how do they get that when it's so far away, HH and gold would be a small start and help gain further funding but we need market reports that bring this and not speculation on futures. I can make good returns on their highs and lows so plenty of profit but as to actual company movement, well that's too slow for any long term hold and can invest more wisely in bigger movers and shakers. I actually think it's share price is about right but they can move this quickly on receipt of gold, iron, nickel, graphite or oil that generates profit or gets the handshake from the wider market that isn't Aim focused. There seems to be more negatives than positives at this point and I'm not one to take Alba's word at face value when the market is not in its favour. I'm a different type of trader to what seems to be their normal investor and as such will always split hairs but I mean no offense just money talks and that's my position in the whole thing. A multi asset Greenland that starts moving towards production and gets backing from the other players would be great for all, couple years off from what I read so therefore no money to chase for anyone quite yet. Thank you for a more educated reply, most are too defensive and need to hang out in Alba's Facebook group rather than in tanks of sharks that are much more ruthless and in tune with the markets for these assets.
ryanrhys: Let me explain about assays and sample's, if you take the vein with gold in and have an assay say 10g/t then that vein only holds 10g/t. All the rock and veins you have to mine that are barren right next to that vein mean you might have to mine ten tons of hard rock to extract one ton of vein meaning you really have 1g/t not ten. Next if it cost say £100 in wages and extraction to dig one ton of rock then that 1g of gold is not profitable. So the reason Stella never produced revenue was because there's actually not a lot of gold per the amount of rock you have to dig through to extract the small vein. Now flip to other commercial mines where assays are much lower but every ton they dig has 2g/t, now digging ten ton gives you 20grams of gold but Alba would only have a gram for the same costs. The history of Clogau is one of cheap labour and long working hours, if we put how much rock they had to dig, stope and extract to get that vein of gold back in the 1900's the actual final assay would be low more 1g/t. So 150,000 ounces of gold but over a million ton of rock to get that. This is not profitable today as with a lot of hard rock vein mining, it would be in the 1900's before mass producing mines flooded the market and dropped gold prices significantly. The bubble will burst but Alba know that Stella saw share prices double on their assay results which was great for the company until it had to quit the site because extraction would bankrupt it, at this point shareprices fell and everyone was a looser. Alba don't actually want to mine anything yet, in fact to try could be disastrous, but they wouldn't mind you all ramping up the share price on their assay results so they can sell shares and make massive revenues like Stellar did. Pump and dump, if Alba makes a few million it could drop gold and invest elsewhere without having mined even a single gram, good business but bad for investors. No one explains in reports these details just how much gold was produced, twenty miles of tunnels with vast stopes and digs would have easily meant the rock dug was vast and the gold found small in comparison but if I say 150,000oz it makes it seem much better than if I said the total rock dug per that 150,000oz and the total assay of 1g/t average. Investors should do homework, no way is this ever going to reach commercial production or the grades needed regardless of what assays they produce. Stellar, Arkle, GMOW and now Alba, let's face it the reason this hasn't happened is because of what I've mentioned above, you wouldn't even need to prospect more if these new fictional lodes gave you 17g per every ton just dig it up and take it to the bank for massive profits. The area has been heavily drilled prospected and every price of quartz drifted, we don't need more just start production on any of the ten targets that have had assays say 20-200g/t - fact is that will never happen due to it costing far more than any gold profit could make. Wake up and smell the coffee, no one believes this Welsh gold tale now that three other companies have exposed the problems.
ryanrhys: Graphite is getting bigger but the countries and companies involved have signed contracts or memorandums of intent from end users and are taking off in a big way. Alba is just sitting there idle, no interest, no investment to mine and no end user making deals. In the run up to this massive graphite requirement Alba seems left behind and by 2025 there isnt going to be a shortage, high price or demand but the opposite as price wars and countries now entering the market are going to over produce. Cool story, now go mine some graphite and supply those who need it now not in 2025, become a producer or get interest from producers like everyone else aiming for 2025 - 2030 is. My fear is by 2025 graphite will be plentiful and Alba still producing reports about their reserves still stuck underground. What Alba are selling to investors by way of graphite other countries and companies are pulling out of the ground and staking the market share and price. Everyone else is years ahead of Alba in the graphite market, they can't move forward till someone is signs a blank check or statement of intent. We all know about graphite thanks to almost daily reports but what you need is interest and demand like the other world wide sources or its game over and come 2025 you won't be mining or selling any graphite, hopefully this gold has turned up by then?
ciminna: I'm not saying Alba is as big as GGP but the same thing happened there for a couple of years until the results showed, with no doubt, the massive resource they had. On expected/good news the share price would rise early then fall back. At this early stage share price will be volatile even when you think a great RNS has landed (not this one obvs!) Hold long term and don't look at it every day like I do!
rakepat37: I'm hear to make money like everyone else, hype equals momentum on share price, Alba has all the hype via news papers and podcasts etc this equates to share price rise. Anyone would of thought u got a short position on the share
Alba Mineral Resources share price data is direct from the London Stock Exchange
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