Member Info for elir71

I've noticed a consistent pattern of large buys being reported late. It's too consistent to be a coincidence. I'm expecting a hard tree shake prior to the assay results in an odd paradox of efficient Market theory

It depends on how much exposure you want to each stage of each project. Each have different timeliness risks and rewards. You could always look at taking some profits at different levels. It doesn't need to be an all in scenario

I see this company transitioning to profitable and revenue making within 18 months, though there is a little funding gap q3 next year under some circumstances,. I'm hoping there's sufficient cash runway in place to get airborne

Chunky buys late report friday

I doubt the bod would have taken such unilateral action without having a replacement in place

I expect some pme today

They're possibly conspiring a little shake again

The actions of the bod are consistent with confidence in the existing prospects. Costly dilution should be over

On the video GF made a short reference to, "[the Welsh gold], we will keep control of the supply of", which should maintain the premium value of the product as opposed to tending to drive its value towards commodity gold, in the same way as de beers keep diamonds a lot more scarce than they actually are

When that happens trade in telephone

I'm sorry but I can't agree with your analysis. I'll post more tomorrow on my concerns.

I've unanswered questions on how to transport the ore from there to market

I didn't trade the shake for 2 reasons
1. I don't have connection all the time
2. I fear mms locking me out to rebuy
So that's why I trade the fundamentals.

The unanswered question I have is will the all in one go results mean the results of the recent exploration or will it be an aggregate of the ongoing exploration. I'd like to see the results of the September campaign.

most online brokers are the legal owners of the shares that you are the beneficial owner of. That is how they are able to offer you cheap fees. So, for example Hargreaves Lansdown appear to be big shareholders, as they are the legal owners of a large portion of the shares, however, in reality its HL's clients who have beneficial ownership. So that "Blob" is in fact the sum of many private investors.

Its another gripe of mine that is has to be this was, as PI's with self selct isa's trading online, lose voting rights and rights to show up at meetings.

it was nothing to do with the RNS content, it was purely a tree shake. MM manipulation to obtain shares from panicky private investors by dropping the SP while increasing the spread in an attempt to trigger stop losses. This (could) be done concurrently with a campaign of a number bogus accounts on bulletin boards to spread negativity and panic. Have you noticed how few of the "derampers" are out today ? It does make you think doesnt it.

Covid's frustrated a lot of the company's ambitions this year but in all fairness I think they've played their hand as well as they could have. Utah seems to be coming together and I like them putting a timescale onto this phase's development. I've always had an inclination that Morocco will progress a bit faster than Utah. My feeling is that it is so important to land that first deal. The technology is there, and I have every faith in it and the board.

I wasn't in the least bit worried either. Patterns of opening spreads and dropping SP, late reporting of large buys just smack of tree shakes. I'm looking forward to the results of the recently completed exploration.

The mine is relatively small in comparison to the coal mines of south Wales, so there's relatively little spoil. Its the mine water that would be of most concern.

Note the late reporting of significant trades surfacing now

Perhaps a good way of valuing it, is to value each of its major assets individually, comparing them perhaps to values of other companies with similar assets. Bluejay for example for one of the Greenland assets. There are conventional ways of valuing gold mining assets for Clogau too, plus you may want to factor in that Welsh gold has a premium (at present because of its scarcity). In my own valuation I have used 5 yr average gold price, but that is just me being conservative.

The unknowns are the grades and quantities therefore the value of these assets. The company is being methodical in their approach and do not have a history of overstating confidence.

You should also factor in, that funds will be required to develop some of these resources and that for doing so there will likely be future placings, however the higher the SP is then the less that dilution affects existing shareholders. So this is something you would need to factor in as well as conditions outside the company's control such as COVID stops play. There is also a certain amount of regulatory risk , more so in Snowdonia as it is a national park

Though I'll keep the figure that I've arrived at to myself, it is not orders of magnitude from that which you suggested. However I think it may be 2-3 years to achieve that and in the meantime there will be many MM tricks to tempt you into selling your valuable shares cheap.