London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Gold content far exceeds my expectations. Its not the only spoil heap in the option area either. Grades about the same as a South African gold mine. 20kg of gold there possibly at minimal cost as a surface reserve. £800k worth.
No not at all infact the Greenland team is separate from what I can work out as they were hiring specifically for that previously. I assume this is being headed by Lars and clogau by mark Austin. That’s very presumptive tho so pinch of salt. They certainly have not left clogau they are on phase 2 drilling clogau now along side amistoq drilling. Thing I get annoyed with is GF speaks of so many projects and works but never seems to focus to finish one on time.
Yanis and Noobz I am completely in agreement with you both. I can’t see how anyone else can disagree. Can’t for the life of me think what GF is playing at. Have they all packed up and disappeared to Greenland or what ? I get irritated these days when some people post “ another great RNS, keep up the good work Alba”, really !!
I think Noobz’s Friday’s 21:07 post & today’s 10:25 post answers most of your points in your Friday 19:37 post.
I will add that the Pilot Plant was originally going to arrive and be commissioned last December, then it became middle of January for commissioning. We were expecting the bulk sample assays ever since with no joy until May.
The pilot plant is capable of operating at 3 tonnes per hour but we were told that it will operate at 1.5 tonnes/hour. Pilot plant operating at 1.5 tonnes per hour will take 24 hours of continuous operation to eat through the 36 tonne bulk sample. If it operated at only 3 hours per day it would take 8 days. Nothing happened until May. With adequate manpower allocated does not take months to calibrate it. Yes it is a f*ck up.
As far as your comment: “Your implication of the SP 'not rotting by accident' is serious. Give reasons for people deliberately forcing the price down and rationale too....or pipe down”.
(A) Yes the SP is not rotting by accident – you misunderstood this statement. Nobody is deliberately forcing the SP down. The SP is rotting because of the way GF handled Clogau – particularly talking down the expected assay results of last year’s bulk samples and then delaying the laboratory analysis. This killed all sentiment. The saga continues by not giving an update on early revenue generation expected in the middle of last month (a month ago). Also, have you seen any gold samples?
(B) No I will not pipe down and if you don’t want to read my posts I suggest you use the filter button.
I can’t say I do but after concentrate in Jan time then promising results end of q1 and telling us they can operate at 1.5t per hour concentrate to have been told we was less than half way through in that time was hugely disappointing and shows clear lack of focus. I think it took almost 8 months after we were in the end. I agree end product was good and the now perfect calibration of the machinery is also a win but due to them not updating us on delays it spread fear and meant that when news did drop too much sentiment was lost and investors gone so we are sat here now having had an almost 50% drop. It’s this that is causing sp rot not the fundamentals themselves.
It's not the end result of the demonstrably efficient pilot plant that's the issue nor in itself the time taken to set it up, its the reluctance to report substantial but understandable delays to progress. This introduces some doubt,
To your second point I suggest you have never installed and commissioned heavy plant nor taught yourself how to run it on the fly and trust operatives when you go back to the office. These are early days.
I think he had been more than patient having been here for 5 years. We can all pick at GFs terrible mismanagement of the bulk samples as the main cause for sp retracing 50%ish since the start of the year. I don’t feel there is anything wrong in now questioning why we are over a month late for such a key part of the project that was promised to be with us mid May....
I agree the pilot plant was not a **** up as such it has done it’s job and is working well now the only thing is why it took them so long to get through the 36t I go back to my mis management...
Two points here Yanis. You seem impatient. This is a long haul project. Tell me why the pilot plant is a **** up. It has done everything it was supposed to do so far including proving out extraction of samples to nothing. Are you confusing research .v. production ? The plant may be able to rxtract waste gold from the spoil, but it has to be proven as reliable first.
Your implication of the SP 'not rotting by accident' is serious. Give reasons for people deliberately forcing the price down and rationale too....or pipe down.
Elir, fully agree again. There is a lot of money to be made out of old spoil heaps. Take a look at CMRS in Cyprus they are going through spoil heaps as well as virgin exploration. Floated as an IPO just a couple of months ago at circa 12p and is now circa 30p.
All down to GF. I am disappointed he has not gone for the waste pits a lot earlier.
See, I wouldn't do a deal with a single jeweller, better to control supply of Welsh gold to a select few smaller craftspeople., on the condition that the gold used is 100% welsh gold. Look at how diamond distribution is controlled so well.
What's interesting about the spoil heap is that the grade doesn't need to be fantastic to make money as its a matter of picking it up transporting it, processing it. I'd also point out that there are many spoil heaps in the Dolgellau Gold Belt. I think at Clogau stellar went through the one generated from the 70s workings. There will be others like that in the exploration licence.
From the waste pits … the only thing that can fuel the SP at this present time. Forget Greenland for now.
We were supposed to hear about early revenue generation from the waste pits in the middle of last month - if we don’t hear anything soon then predictions of a drop to 0.18p (or even lower) may come to pass.