George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
I think POG may be poised to go quite a lot higher... $2500 ????
If and when ECR hit a significant find, disregarding other elements, this is going to explode.
I have often felt with some of these shallow, discreet, high-grade hits, that it could be cost effective to extract and pay for processing from a third party. This would have been my question if I could have asked. However. Mike has already confirmed a willingness to go to small scale production so it will happen if it make sense.
I'm sure they are fully aware of all options and POG is $2211 so that helps.
If you are going to dig a pit you need enough to make it worthwhile. Not sure they could tunnel very deep at low cost on safety grounds. All depends on the geology of course.
MM's in full control here being naughty at low volume. Some wanted the placing price. Now is the time!
Https://x.com/DDS_DocHoliday/status/1771559456184087022?t=TLdNp7cvc6UWqHCnoAnZPA&s=35
I feel it should work from here but I cannot get it to play.... does anyone know how?
Ahoy Campers... everyone invested should listen to the Money Sponge interview... someone repost the link please.
You need to listen to the emphasis in Mike's voice as he explains decisions in his characteristic style. Unlike so many corporate figures, he does not shy away from the difficult stuff that so many do. That is the reason why it is better to listen.
Doing so will give you insight into why he/they took the funds at 0.3p.
How he and Nick cannot just dispose of their shares on the quiet for profit (obvious I know but still worth emphasising)
Why previous assay techniques in Victoria were not the best... now replaced with whole of bag bulk samples that are appropriate to the style of mineralisation.
Just how big and prospective these tenements are and that a Major DID have access to the 'data room' previously so they are clearly aware and potentially interested.
How the Tax loss might feasibly work AND the engagement with and appropriate tax specialist from the the get-go (October)
Why small scale production is a possible and appropriate route for ECR and how other now much larger companies did the same in the past.
So there is a lot of content. I was at work half listening and could not ask questions. Not familiar with the platform either but HE WAS OPEN FOR PEOPLE TO ASK WHATEVER. Not hiding. Not evading.
Please add your thoughts.
Go listen. Rich Newsflow going forward here... have a swell Easter BH
Can’t post long mes Dan
Bottleneck good in a way… stops people timing trades
Need to invest in bigger picture
…..actually along with the prospect of small scale production when the find is right. Cashflow!
Big point regarding.3p placing was need to accept it quickly when offered
Waiting / negotiating does not work
New funds allow big ramp up in scale of activity
Biggest message he delivered
Labs not busy when Davey Road was assayed… v busy now…. Results can be any time
Just a repeat of labs being busy
I think so too. It has to be the way forward. Pretty tasty licences in Victoria and can offer a good deal as the tax losses are such a big win!!
I’m in…for the avoidance of doubt
Let’s just say that Doc will have considered the communication flow…..
They are too busy with their lifestyles Soss.... maybe they are just having a BBQ and eating sausages on sticks...?
... or maybe it's taking longer because there are so many 'whole of bag' nuggety gold fire assays to complete ...( chuckle... much better than Davey Road) which of course takes longer, costs more..... but will sure wake up the market and the potential JV partners.
Snag anyone?
Kuboid Hill results any day....
Remember the laugh...'Yeah, it going a lot better than Davey Road...'
Just saying....
Anyone?😁
Will the next raise be at .6 or 1p?
Irony … for the avoidance of doubt
… yeah but it just a lifestyle company right…lol
The trade is the reason why all the buying on Thursday at 0.3375 and 0.34 did not move the dial.
I did wonder.... added Friday morning but missed the actual low.
The added funds allow the team to broaden and accelerate what they do next. I'm happy with this and am obviously happy to see them targeting a £20-30 million Mcap.
The elephant in the room is that they have too much potential work to do. The licenses are big and full of promise. Any one or two would be more than ample for an explorer the size of ECR. So I am certain they will do a deal with a larger entity.
The question is just who, what and on what terms. Questions sorry.
I think some of the current drilling is to prove to said potential partner what is available here. Kuboid Hill results will be a step in this. I think the next quarter will be pivotal in that process and a JV will emerge. The rising gold price makes this more and more appealing to another and the outcome will be a win-win for ECR.
I have no doubt this will top 1p in 2024, making the board's remuneration package took very healthy.
AIMOHO and DYOR
No doubt IG..MW knows this... you can choose to grumpy or you can choose to be in and see the gold for the quartz.