Member Info for elir71

Yes, and not just on this share do trades get misreprented or reported very late. Guess what, its never the £10 trades, always the £20k trades. Dummy buy and sells always gives me a narrower spread than that reported. I expect the reason is to skey the "mid price" in order to misrepresent buys with sells.

ALBA
TOM
QFI
XSG
JET2

the ultimate driver of sp is anticipation of dividend.

US seems quite comfortable with being able to meet domestic consumption by domestic production.

@Furion
I like the idea of hologram with unique identifier
Divies paid in coin ?

I'd really rather go down the route of verifiable premium welsh gold as bullion, as opposed to "collectible "value. The underpinning ultimate value being its conversion to jewellry. How would regulators look at dividends being payable in welsh bullion coin ?

What did HH and Brockham cost Alba ?
I noticed another company upped their stake in a chunk of Brockham a couple of weeks ago
If this isn't going anywhere, would be be an idea to ditch it and cut your losses, or is it that the losses are so far gone, they may as well be kept.

@Saint-Tropez

https://www.royalmint.com/invest/bullion/bullion-coins/gold-coins/queens-beasts-2017-dragon-1oz-gold-coin/

1. the panda coin is not legal tender in uk so it is not exempt from cgt.
2. sticking a dragon on it is a little unoriginal dont you think, one of the queens beasts coins has a dragon on it ? also it does not solve the problem of substitution / forgery as i described in my last post (and numerous others). The purpose is to maintain its verifyable provenence, and surely the blockchain distribured ledger i described is a good solution to that
3. if you wanted a more original yet historically authentic bit of branding then there's this https://www.dailymail.co.uk/news/article-8874885/Iron-Age-coin-depicting-warlord-Caratacus-set-fetch-30-000-auction.html The unbowing Caradog

If you look back through my posts then you will find an idea ... that took no one's interest at the time , about a way of maintaining the premium value of welsh gold (as jewellry end use) without having to either control rate of mining to control supply or tie up capital in storing mined bullion by the company.

The company has already suggested the production of bullion coin, so that private investors can own physical gold thence alleviating the need for the company to hold the bullion as tied up money.

The reality is that welsh gold, being elemental, is chemically no different from any other gold. However its use in jewellry and its connections give it a marketing appeal which gives it a hefty premium. The problem is , what is there to stop someone melting down a Kruggerrand and fraudulently "reminting" it as a "welsh gold bullion" ? I suggest using an open distributed ledger .... such as blockchain ... similar technology to cryptocurrency, to prove its provenance and therefore maintain its premium value. In fact, you could extend that to a new use as a para-crypto currency .... offering the convenience of crypto for cross border transaction but being backed with an intrinsic value as opposed to electronic monopoly money, so therefore more stable.

If you look back through my posts then you will find an idea ... that took no one's interest at the time , about a way of maintaining the premium value of welsh gold (as jewellry end use) without having to either control rate of mining to control supply or tie up capital in storing mined bullion by the company.

The company has already suggested the production of bullion coin, so that private investors can own physical gold thence alleviating the need for the company to hold the bullion as tied up money.

The reality is that welsh gold, being elemental, is chemically no different from any other gold. However its use in jewellry and its connections give it a marketing appeal which gives it a hefty premium. The problem is , what is there to stop someone melting down a Kruggerrand and fraudulently "reminting" it as a "welsh gold bullion" ? I suggest using an open distributed ledger .... such as blockchain ... similar technology to cryptocurrency, to prove its provenance and therefore maintain its premium value. In fact, you could extend that to a new use as a para-crypto currency .... offering the convenience of crypto for cross border transaction but being backed with an intrinsic value as opposed to electronic monopoly money, so therefore more stable.

Grades versus share price value contribution on my past posts, go through and you'll see

I'd imagine it would be 18 to 24 months for full on production, but the fact that the reserves are proven and there is a big thing for the balance sheet. The documents published on scotgolds website give newcomers a good idea to the sort of detailed studies and environmental precautions that are likely to be expected.

I cant ask any more of the company at present ... perhaps send some free redbull down to the lab

Did you notice 20k ish sell two trading days ago sneaked out at start of trade today
Was it even a sell as the spreads I get when dummy trading with my broker are considerably tighter than those reported on here. So is it a MM trying wide spread in order to disguise sells as buys by manipulating the "Mid price"
I'd have pointed it out on chat but that was not working as of start of play .... thats happenind very consistently too

How do you imagine that the company will have the cash to continue if the Bergen conditions for release of second tranche are unknown and perhaps not met. Dilution we can accept as inevitable under the circumstances however I think we should all be aware of this potential problem

I think the next significant news will be the arrival of the processing plant. As its off the shelf I presume it is in a shipping containers somewhere. Since speculation was invited yesterday on when THE big RNS is going to be released, I think it will be after closed of trading on a friday (im not saying THIS friday), together with some of the media footabe to make a big overweekend media splash with time to sink in

BTW is eveyone's chat hardly ever working at 0800 till about 0900 ?

no I think it was necessary as shareholders want to be assured that this phase is complete, as it was a little unclear after september

Very good communication from the bod. I especially like the 3d illustrations. A picture is worth a 1000 words.

Hold for GOLD

I'm concerned that the cash resources to get to commercial deal capable of achieving breakeven may become unavailable. By Q2 of 21, then the company will need more cash, and although only 2m of the 4m Bergen facility have been drawn on, there are conditions on the release of the second tranche. If anyone knows what those conditions are, then I'd be very interested to know. Bergen or any other financier will be able to drive a hard bargain at that time as qfi negotiating position will not be strong. I can see significant dilution and possibly some pump and dump at that time.

No I've just held my initial investment bought at 0.13 p and added since. The troughs were more easily identified than the peaks.
Results most likely to drop in between two and eight weeks time, but I'd be very nervous about getting frozen out of the action