George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Well looks like 5's in the next 15 minutes then who knows where we'll stop !
One more point, ref the keyboard experts on here, praising Caldwell and forecasting £1.20 a share.
Somebody posted on here a week or so ago, forecasting the share price could drop below 5p.
He was met by ridicule from the never been rights.
Told he doesn't hold shares, he was also met with ther filter threat. Haha.
But bugger me, he was right, and not one clapper will ever stand up and be counted and admit they once again got it wrong
It looks increasing like it won’t be us.
Look on the bright side, you could be Nick Mather, though I suspect he has managed to syphon off some of our money before this.
JWBellamy, you need to hold shares in order to be able to sell them. bye bye muppet
Jw Bellamy.
Your most likely correct with your assumption.
Problem is the likes of bbg, adikt, rk and dbw
Accept no negative posts, whether factual or not.
You will find they have not once in many, many years been shown to be correct in any of there claims. And are hysterical with any thing that doesn't fit there narrative.
Desperation makes strange bed fellows
Well the plan is working ! will deffo be in the 5's by COP.
How about 5p by Friday 🤦♂️
Mms asleep on that on the open
Homefromhemo.
Remember how certain you was about your contact telling you wed or thur for pfs.
Would be interesting to hear why it fell through.
Can you ask him, just out of curiosity.
JWBellamy, you need to hold shares in order to be able to sell them. bye bye muppet
Italian.
Can't you not put some more pressure on duffield
Maybe get the PFS out earlier.
Market will take it lower into fundraise
If the PFS is due before March 31st end, then not sure why you can switch off for 6 weeks unless of course you are saying that the PFS will come on the last day of that Q1 guidance lol!
Anytime from today till March 31st... so you best keep on your toes BBG.
I suspect that the posts in the next 6 weeks will be even more colourful than usual, will be interesting to see how low we go (with the quality of posts and sadly the share price).
GLA!
Fort, revised PFS has been confirmed today that it will arrive during Q1.
We can all switch off for 6 weeks
Well, I won the cash balance prediction then although must say Scott exceeded my expectations by burning through an extra $900k.
So $12.8m cash left. All I can say is that THEY must be confident in getting cash from some sale or some royalty deal as I do not believe they have enough to see them through to June 30th. The cost of the 60 odd licence blocks is $6m per year. When do these costs fall due and are they in the Accounts defined as licence costs? Cash will be sub $10m right now as we are 6 weeks in.
Scott has until later today to meet his pre AGM guidance to the market of 'early Q1'.
Monochrome, the money I have invested here now I'm fine with losing. It wouldn't be ideal but I'm not going to lose any sleep over it. It's a punt, not an investment for me.
The company has been discreetly signposting the fact that the outstanding exploration spend at Cascabel is what is holding the new IPA up. If BHP want this asset, they will be using the fact that we owe the Ecuadorian government c.$170m (with less than 10% of that in the bank) to convince Nabao we are not the team he wants building a flagship mine.
We are in a serious pickle IMO.
So still spaffing over 3m per month on only a PFS
Will be out of cash completely by end of April and can’t raise at 7p
Surely the penny must have dropped by now.
The rubbish spouted by Redknight and DBW is exactly that just rubbish.
I don't even have to mention slug is wrong again, this maintaining his 100% record for being wrong on all things
The lesson is simple.
Listen to what the company says, not the people on this forum pretending they know different.
SOLG with $12,835,344 cash were slightly higher than my estimate last night.
Incidentally, the reduction in admin expenses by 67% in the quarter demonstrates that at last someone has a firm grip on the company. Obviously, it would be better if the company was more active in terms of exploration, but we are where we are and needs must. SC has done exactly what he said he was going to do.
The June '23 year end report stated that the company had sufficient cash to take us through to y/e '24. This has been reiterated by the company on several occasions. The company has also previously said it would need to raise more cash. Can anyone explain why this report says anything different about the cash position?
However, it is disappointing not to have any clearer news of progress on the IPA or the SR.
FACTS
1. The updated pre-feasibility study is expected to be completed in the first calendar quarter 2024.
2. Management is currently negotiating access rights and ownership for one of various envisioned tailings management area locations. Access to the proposed locations is expected to be secured in fiscal 2024.
3. Management expects the Exploitation Contract to be finalized and announced prior to end of the current financial year
4. The company continues to receive the necessary permits to advance planned activities that are required to complete the exploration phase.
5. In December 2022, the Company applied to amend the current Investment Protection Agreement (“IPA”) in order to align it with legal reforms passed after the agreement was executed in 2021, among others.
6. The Minister for Production has requested the Company apply for a new IPA to coincide with the change in mining status to exploitation in addition to amending the existing IPA to cover exploration investments. The Company is currently undertaking this process with the Minister for Production. The Company meets on a regular basis with MEM to review the critical approvals required for the development of the Cascabel project and address other actions required by the Government of Ecuador for the success of the project.
7. On 30 October 2023, MEM notified the Company of the resolution declaring the beginning of the exploitation stage of the Cascabel concession. The Company finalized the process of legalizing and registering this request on 6 December 2023, and the Mining Exploitation Contract with the Government of Ecuador must be signed within six months of the date of registration in the Ecuadorian Mining Registry although this deadline can be extended by the Government of Ecuador.
This is exactly what we were told, Solgold are only restating their position.
No one should be surprised by this.
We await PFS 3 and the strategic review.
The only surprise here is that their is no surprise for those that have listened to the company.
So, we can expect the SP to plunge further when the raise is announced at a discount! We can discount any bidding, and if for some reason we cannot secure funding, then the proverbial will hit the fan. What a thoroughly useless ceo we have elected and given a mandate to. I have to accept that my investment in solg may never be recouped.
With the ongoing restructuring efforts described below, management expects current cash balances to last through June 2024. Management intends to raise financing prior to June 2024 in order to continue to advance its strategic objectives.