Member Info for elir71

Steady guys... the confirmed fundamentals of Clogau will be released when ready. As I've previously posted any time from the present to Christmas. No other significant news expected till then. The kit will arrive from rsa, they're not ordering it from wish.com so keep calm, all is going to plan

tree shake was only one possibility. ... but you are right the decline has been persistent and the reason is not explained

One possibility is a tree shake. When a MM and / or broker has a favoured client that wants to buy into a stock then they may artificialy drop the Bid price (on thin volumes) in order to trigger private investors' stop losses and collect some cheap shares as opposed to raising ask in order to temp a rational sale. So in a paradox of how markets should work then a fall in price induces a PI sell and a rise induces a PI buy. My advice is to have a clear idea of the fundamentals and clear your stop losses on thinly traded trades, especially in the vicinity of significant news

"Listening to different view and opinions reduces risk" (Mr008),
No, that's not true, some statements made are simply incorrect and acting on them may result in harm
Most of these, are uncorroborated statements. For this reason, evidence is needed to convict people in a court of law.

If any old dross was worthy of consideration then academic journals would be stuffed with the rambling misconceptions of the deluded

it wasnt just that, I posted on this below.

The 1980s miners
The operation was fairly low tech, low investment picking the very easy to reap rewards
During that period of operation environmental laws came into being which required monitoring and possible treatment of minewater. The operators at the time did not wish to take that step up and the price of gold was $300 /oz

On another note, I seem to remember the tone of your previous posts which this one clearly continues.

You seek to spread negativity about the company's operation. Now scepticism and critial thinking is welcome, however, you never accompany it with any evidence to substantiate your claims, so your credibility is very low.

https://www.londonstockexchange.com/news-article/JAY/jv-earn-in-agreement-with-rio-tinto-mining/14750587

Placing, well I'd rather petroteq didnt run out of cash, with my QFI shareholder hat on

My thoughts are that the company has a good chance of becoming self sustaining in Q2 of 2021. When I looked at it in detail a couple of months ago I thought it was touch and go if they could make it to breakeven at that time without a further placing. It is really down to how soon they can get a deal with the "leading european manufacturer" for xfiltra. On the plus side, they have the best product on the market by far, there is going to be some legislative requirement for their product in France ... and probably soon after the EU, an investment bank has been making equity investments.

How do I think it will play out ? If they are a little light of cash for a few months, then perhaps they'll get a convertible loan from the bank that's investing in them. I see the company making it to break even and becoming considerably profitable by 2024. I see it being one of the few AIM winners and the business model they have now adjusted to is the right one. Future profitability will depend on how much they can penetrate the market to be the dominant supplier of this technology with their best / first solution provider status. As long as they have a firm deal by May or June 2021 I think it will do well. It may of course get bought out at some point too.

from the below post

George Stapleton, Petroteq COO, commented "We have so far been able to remain mostly on schedule and are still on track to begin starting up the POSP in late November. "

https://ir.petroteq.energy/press-releases/detail/365

https://ir.petroteq.energy/press-releases/detail/365

I'm working on it, but as the Greenland prospects are very diverse and much is so unknown in terms of size, grade and connectivity. My gut feeling is that many of the greenland assets may be better developed as JV or sold on as proven reserves. Although my knowledge of oil exploration is just layman , from reading around the specifics then HH is worth at a max 0.02 p to Alba. Ive yet to look at Limerick though I spent some time in port on the Shannon and there seems to be a well developed mineral exploitation and export business there.

I think the bulk of the next 10 years value is in Greenland and that being based on assumptions of future demand for graphite for battery technology. If Trump wanted to "buy Greenland", then I'm sure it wasnt to start a Polar bear sanctuary. Tesla seem to be looking to secure future supply chains of graphite. Ive based my assumptions on the Ilmenite on reflecting Bluejay's operation, and probably sharing infrastructure. It, in itself is likely to justify the current market price even factoring in the unknowns.

We should also look at Dolgellau gold belt at potentially many projects as opposed to an extension of the existing project. So the figures I posted make the following assumptions. 500,000 T of ore to extract over 80 years with NO PREMIUM for welsh gold. I've posted many times my ideas about a blockchain distributed ledger for preserving the provenance of welsh gold bullion coin (so you can extract at a rate far exceeding jewellry demand but maintain a premium without risk of forgery using commodity price gold).

why am i reiterating this ? people talk in qualatitive terms such as "high grade" " good results" without specifying what numerical ranges they match. When the results come, then they'll be numbers, grades, grammes of gold per tonnes of ore. If you don't have a preconception of the impact of an anticipated result on SP then you render yourself vulnerable to MM games. I have a nasty suspicion that some brokers MM may manipulate the SP down immediately on the results before new volume investors come into the stock in order to get shares to sell to their favoured clients. call my cynical

Copied from previous

I believe that the company can be valued as the sum of its projects as they have little interdependence now it is likely we would be able to raise conventional finance for exploration of Greenland etc.

I'm going through each project in turn, but as Clogau is the most fluid I have revisited my estimate by making some comparison of future revenue streams with that of an already functioning British gold mine in an environmentally sensitve area , operated by Scotgold. Given that much can go wrong between substantially complete assay results then I would look at the immediate impact on share price being about 50% of the 12 month impact on the share price.

To be clear this only represents the existing mine reopening, not new gold mines in Dolgellau Gold Belt nor any other project

grade in Au g / T impact on SP at assay result + 18 months ... assume 50% of that impact upon results in p

5 Au g / T 0.67p
10 Au g / T 1.35p
15 Au g / T 2.02p
20 Au g / T 2.69p
25 Au g / T 3.38p
30 Au g / T 4.05p
35 Au g / T 4.72p
40 Au g / T 5.4p
50 Au g / T 6.75p
0700 RNS watch every day for me, though I'm out of Internet range for a good chunk of the 'in the zone' period.

By my reckoning 11 Nov is the earliest credible date that the anticipated results could be released, the latest credible is imo Christmas. So we are... In the zone!

I speculate that jeweller Clogau, is the one ALBAs in talks with They plan a bit of a advertising campaign coming up to Christmas. Could this be coordinated as a big media splash, together with that footage recently filmed?

sorry, posted wrong on wrong bb

Copied from previous

I believe that the company can be valued as the sum of its projects as they have little interdependence now it is likely we would be able to raise conventional finance for exploration of Greenland etc.

I'm going through each project in turn, but as Clogau is the most fluid I have revisited my estimate by making some comparison of future revenue streams with that of an already functioning British gold mine in an environmentally sensitve area , operated by Scotgold. Given that much can go wrong between substantially complete assay results then I would look at the immediate impact on share price being about 50% of the 12 month impact on the share price.

To be clear this only represents the existing mine reopening, not new gold mines in Dolgellau Gold Belt nor any other project

grade in Au g / T impact on SP at assay result + 18 months ... assume 50% of that impact upon results in p

5 Au g / T 0.67p
10 Au g / T 1.35p
15 Au g / T 2.02p
20 Au g / T 2.69p
25 Au g / T 3.38p
30 Au g / T 4.05p
35 Au g / T 4.72p
40 Au g / T 5.4p
50 Au g / T 6.75p
0700 RNS watch every day for me, though I'm out of Internet range for a good chunk of the 'in the zone' period.

By my reckoning 11 Nov is the earliest credible date that the anticipated results could be released, the latest credible is imo Christmas. So we are... In the zone!

I speculate that jeweller Clogau, is the one ALBAs in talks with They plan a bit of a advertising campaign coming up to Christmas. Could this be coordinated as a big media splash, together with that footage recently filmed?

No sorry, I can't see why that can't be ASAP. Though I think the msar deal needs to be closed

Is there any news from the re perforated well. I must say, as an exploration company, not every prospect is going to turn to a viable project. If Angus are looking to buy, I'd prob dump hh and brockham on them

By my reckoning 11 Nov is the earliest credible date that the anticipated results could be released, the latest credible is imo Christmas. So we are... In the zone!

I speculate that jeweller Clogau, is the one ALBAs in talks with They plan a bit of a advertising campaign coming up to Christmas. Could this be coordinated as a big media splash, together with that footage recently filmed?

0700 RNS watch every day for me, though I'm out of Internet range for a good chunk of the 'in the zone' period.

At least Some trades at 0.57 are buys not as reported sells, as my top up is in there