Post by
Kid_Scythian on Jul 29, 2013 7:40pm
The way forward
Alhambra, steadily advancing along a transparent and deliberate path, is on track to close a meaningful financing shortly with a group of very savvy and proactive overseas investors; with these funds slated to clear up past financial obligations and, in so doing, remunerate vendors for the results of considerable exploration that has already transpired; including a geophysical survey and assay results (covering deep drilling) at Shirotnaia; the long-awaited (now complete) updated economic assessment of Uzboy; as well as promising soil samples from Zhusaly, Vasilkovskoe East, and Dombraly East.
Moreover, pragmatic ‘remedial’ actions will be taken to dramatically enhance recovery rates from the gold resource already stacked on pads by (1) maintaining cyanide concentration at the optimum levels; (2) ripping and fluffing the rested pads (thereby increasing the recovery of gold substantially); and (3) augmenting the columns containing resin (used to extract the gold from the cyanide solution).
These measures, righting the concern financially, boosting production (after a suitable time lag), announcing the results of completed exploration activity, and communicating Uzboy’s new NI 43-101 resource estimate and Preliminary Economic Assessment, plus a great deal of ongoing soil sampling at recently identified highly-prospective locations, will build momentum, -
As an immediate follow on, this influential group will get behind the company and introduce management to new players; likely to boost its stock price; and (as a next step) lead to a follow-up ‘exploration financing’.
Comment by
nowayout on Aug 06, 2013 3:48pm
I don't know where you get your info. This is looking more dismal all the time.
Comment by
radical1 on Aug 06, 2013 4:56pm
I hear you.This company always has that carrot dangling but again no news .I am giving it another week and then I am out.
Comment by
Kid_Scythian on Aug 07, 2013 1:48pm
Entirely unfazed by temporary setbacks I perceive things quite differently, - this odyssey is a marathon where a very positive outcome looms up ahead.
Comment by
nowayout on Aug 07, 2013 9:43pm
Well, despite my comments earlier, I actually bought some more shares at these bargain prices in the last couple days....i'm hoping Kid is right, and not some crazy deluded old broker with a laptop dementing away in a home somewhere. I may buy more tomorrow. Any room in the home for me, Kid?
Comment by
Kid_Scythian on Aug 14, 2013 1:50am
As of today, Alhambra is on track to close a very innovative financing to stabilize its situation, rectify arrears, and gradually ramp up heap-leach production levels to where internally generated cash-flow sustains general corporate expenses; thus setting the stage for a targeted follow-up capital raise to resume exploration activity.