George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Slovenia might allow us to hydraulically stimulate soon.
We are currently producing a maximum of 15,000 cubic metres of natural gas per day !
Here's some historical numbers to consider :-
INA (Croatia) Contract Minimum Per Day 63,031 cubic metres => £7,300
(12p per unrefined CM)
INA (Croatia) Contract Maximum Per Day 82,425 cubic metres => £10,000
(12p per unrefined CM)
Theoretical Maximum PG-10 Per Day 240,000 cubic metres
Theoretical Maximum PG-11A Per Day 60,000 cubic metres
"Water consumption for an average house is 14 cubic metres per month" - i.e. 200 cubic metres annually !
So "low-volume hydraulic stimulation" involves using less water than the annual consumption for FIVE average houses !
(the chemical additives chosen don't have to harm the environment)
The so called remaining "dirty" water would be cleaned in Croatia so that should not cause a problem for Slovenia !
So how did Miss G get on ?
"Amigo must put things right in this case by:
? refunding all the interest and charges Miss G paid as a result of having been
provided with her loans;
? adding interest at 8% per year simple on the above interest payments from the date
they were paid by Miss G to the date of settlement
? removing any adverse information recorded on Miss G’s credit file as a result of loans
one and two
? removing all reference to loans three to five from Miss G’s credit file"
All the complaints are online.
Here's one :-
"Amigo provided Miss G with a total of five guarantor loans. On three occasions, Miss G was
given further funds (“top-ups”) while she still had an outstanding balance. As Amigo doesn’t
allow borrowers to have more than one outstanding loan at a time, Miss G entered into
completely new loan agreements where the new loan included a sum to clear the
outstanding balance on the previous one, as well as the additional funds Amigo agreed to
provide....."
https://www.financial-ombudsman.org.uk/files/238841/DRN2108651.pdf
Complaining about affordability does not effect Credit History.
That's fair enough but....
....Complainants are going to have a terrible time trying to get a loan for e.g. Christmas.
Has this been explained to them ?
If you believe you are unable to work because of a disability then the government will do their utmost to show you are a liar....
....but government department FOS will readily believe you if you tell them, on the phone, you were vulnerable when you took out an Amigo loan several years ago.
I've concluded it's not looking good for Amigo because....
....the affordability ruling can be applied retrospectively.
It's the same as if an Alcohol Agency saying bartenders should not serve a customer more than 3 pints because it'll make the customer drunk.
That would be acceptable if it was implemented from today but not if it was implemented retrospectively.
Imaging the claims !
I have been reading the "Debt Camel" discussion board.
Even when Amigo make a reasonable offer and the borrower is happy with it, "Debt Camel" was urging the borrower to get more from Amigo !
But if the borrower does take this extra advice, they won't be able to borrow again - certainly not from Amigo !
Why ?
Because they are claiming any loan would be UNAFFORDABLE for them !
We are aware that there were 9,000 Complainants recently and that could have expanded to, let's say, 20,000 now....
.....but even if the current crop cost Amigo £100 million (£5,000 each) to deal with.....
.....they'll be able to make that sum up easily.....
.....because their Annual Revenue is £300 million.