Alhambra Resources Ltd. V.ALH

Shutting down soon

[clestor]

Did I miss the comments from mgnt or are they keeping this a secret?

The pits appear to have been depleted.  So far, in the first 6 months of 2012 they have only stacked an estimated recoverable 1,620 oz . . . roughly 810 oz per qtr. 

If you don't stack it, you can't produce it.

Pretty soon they will halt mining . . . and then they will halt irrigating the dumps, etc. etc. . . .

[Kid_Scythian]

Once the company receives a formal decision from MINT, expected in the next few weeks, they will be able to do a private placement financing to get production up and running again; until then, they have $10 million in gold inventories (current assets) on the heap to tide them over.

[clestor]

In Nov 2009, ALH stated working capital included 25,000 oz that they expected to sell in the next 12 months.  But, that didn’t happen. In Aug 2010, ALH stated working capital included 17,000 oz that they expected to sell in the next 12 months.  But, that didn’t happen. In Aug 2011, ALH stated working capital included 15,000 oz that they expected to sell in the next 12 months.  But

[can1]

Clestor: Something smells doesn't it? Its kazakhstan, you can do what you want. My bet is the gold went somewhere. Their  costs have risen substantially since the start also. Alot of people/companies are making good money off this deal, just not shareholders!!!