RE: The presentation5 Dec 2018 10:33
yeah agree ok sums it up - slight concern at TBS comment, aiming for a maiden JORC before we next go in - that gives a lot of wriggle room until next summer - had thought likely in next month or so if results up to scratch - maybe just not a great way of phrasing it in the presentation.
However not sure market reacting to anything other than the fund raise and the very difficult generic market conditions we have seen.
There is no near term production from any of these assets promised as far as I recall bar maybe the oil.
Clogau was billed as having near term potential when they took it on last year, slight chance if they can get planning and some work done there over the next year or so that there might some small income from there inside a couple of years but my gut feeling is getting the mine up and running will not be quick - this is he UK (don't think Scots Gold have found it easy)
However pleased to see them talk more of Amitsoq, just get the feeling the scale of it is too much for their pockets but if they can get something going there very promising.
I might be barking up the wrong tree but had thought there was more research into Ilmenite and its uses in the renewable energy sector (coatings for solar panels, possible use in some cheap batteries) perhaps could have got that message out there to generate more interest.
all in all as you were really - loads of potential - need some really strong news from Brockham, HH, Limerick and TBS over the next couple of months to get the SP going - a whiff of a JV, asset sale, strong Brockham flow rates, great HH KL4 numbers or a TBS JORC could jump the SP.
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