RE: RE: RE: Serenity Since you ask:
It is abundantly crystal clear (to enlightened observers) that you have had absolutely no direct contact, or communication of any kind, with this company for many years; and, correspondingly, given absolutely no real idea at all as to what is ‘really going on’, your statements are baseless, crude, misinformed, mean spirited, full of ill-will, spiteful; - and misleading at best.
If you actually really knew anything at all, then the following ‘picture’ would emerge: -
• With the value of gold on the heap around $50 million, and entering into their high-production seasonal quarters, the financials are fine.
• As a top priority, the company is currently focusing on getting their development plans for Uzboy in order.
• Very real reasons (outside management’s direct control) are responsible for the prolonged delays; which will be resolved shortly.
• On a very positive note, a ‘modern’ lab is currently being built in Kazakhstan that can process the assays much quicker; radically shortening the time-line.
• A great deal of (behind the scenes) preparation has been going on; to constructive purpose.
• Several alternatives for a major capital raise are well advanced; entailing several clearly delineated ‘phases’; with no shortage of enlightened deep-pocket interested parties.
• An equity raise, a private placement, and some debt are all in the mix.
• The capstone will be a listing on the Hong Kong exchange and a major due-diligence road show.
• The company has waiting in the wings a very strong interested partner.
• Accordingly, a company-building financing ‘package’, already on the horizon, will be consummated.
• A Financing is on the way!!
• Subsequently, production at Uzboy will ramp up steadily; eventually topping off at 200,000 ounces per year (over a long 8 to 9 year mine life).
• A ‘mill’ approach rather than a ‘heap leach’ method will be utilized to significantly improve recovery rates while simultaneously facilitating the processing and crushing process of ore year round.
• Increasingly casting off ever rising free cash flows, Alhambra will become self-financing.
• From which the open pit operation at Dombraly will be self-funded (if it has not already been developed. Some permutations of discussions underway also include provisions for ramping up production here too).
• In the second half of this year, a significantly increased Dombraly resource report will be released taking into account considerable drilling activity and improving the quality of the grade. – “seems to have a fairly decent continuity of ore”.
• Simultaneously facilitating ‘accelerating’ exploration crisscrossing the entire highly-prospective Dombraly-Shirotnaia trend.
• Regional geophysical surveys have identified 8-11 “highly favorable targets to go after.” The company plans “to drill up a lot more targets” in the future. “Numerous targets to explore and exploit.”
• ‘Proven’ reserves will grow steadily; hand-in-hand with rising production and free cash-flow.
• ALH will become an institutional darling; widely held globally.
• Alhambra is firmly on the glide path toward achieving eventual world class production and resources.
• There have been many large Mineral companies that have visited Alhambra’s Kaz operation, and are interested (and excited by the company’s prospects); but it is still far too soon for ALH to do anything about it (with these players); for they must first further increase resources and production.
• All large gold companies worldwide, and there are many of them, are increasingly looking at Kazakhstan as a meaningful ‘strategic target’ – It seems that everyone is now setting their sights on Kazakhstan.
• Many large outfits are interested in potentially getting involved but management knows what they’ve got and wants to hold on to the control and reap the profits.
• Culminating (a few years out) in a furious bidding war;
• - ALH ‘taken out’ at a very high price.
To the patient go the rewards.
During the second half of this year, more positive developments will be forthcoming than during the entire prior five years.