Member Info for elir71

Kudos : credibility of the argument due to the reputation of its deliverer

Pathos : the emotional persuasiveness of an argument

Logos : the logical analysis and deduction of an argument

with respect to the numerous sub £100 even sun £10 transactions, what's going on with that ? perople putting in "real" dummy trades or some MM tactic that I am as yet unaware of ?

Yes thanks Wonga. At the time of writing over a 27% spread and 8 trades for the day
Hardly an efficient market for a company close to progressing two projects to the next level

just to play with the MM generated ripples during the day without altering my fundamental position.

Anyone know of a platform that does CFD trading that covers ALBA ?
If MM are going to play games I may as well profit from it. Ive got my holding and I'm not selling for a long time

Many trades under £100, quite a few under £10 .... now, what would you make of that /?

I prefer the quantitive , so let's define a "good" result
At what (ounces of gold per tonne of ore) oz Au / T would you consider it to be a "good result" and what would be a concentration that in your own view would leave the share price unchanged ?

MMs dropping it seems so result in simply more buys than tree shake sells.

Does anyone know of any links to some webpage that documents common market maker's "stunts" ?

With respect to timescales future placings, I asked the same question, with each significant milestone and capital requirements yesterday. If you want to contribute to that debate then answer the thread. Otherwise you are simply making unexplained assertions which do nothing to support your credibility.

It just kills volume... Single figure trades today

HL Delayed prices
No .... Ive had mine set to live prices for months.

not exactly an efficient market .. this reeks of MM games

seems to be a bug on hl.co.uk
On account summary, if you refresh f5 then it shows current price 0.51p then after a second or two goes to 0.43p
When you look at other screens or get a quote then it shows 0.51p - 0.53p

0.51 - 0.53 on hl just now

I like the originality of the jewellery rhiannonn makes in tregaron

There's plenty of cash to complete this stage and the 5000 m of drilling to come. The way I see it there's about a 1 to 2 year funding gap between the end of next summers greenland sampling, the drilling from workings , surface drilling at clogau and the suface exploration at the exploration zone (not Clogau St David's). Now I dont mind a fairly priced placing when the result of it is to fund an activity which is less than speculative. So, if the company wanted £5M, having established the stron possibility of economic gold reserves, to drive another adit to open another mine in the gold belt, then I'm ok with that. Holdings to keep the light on I'm not at all keen on. Perhaps another £5-6 M placing might be in order to take us safely to not needing to dilute again. How would you feel about that ? 20% dilution ... would you be ok with that in exchange for a cash runway to breakeven ?

What are people's views on how many more placings do you think it will take before a break even point can be reached , or at least sufficient profit can be made to fund future exploration and development projects indefinitely ?

My thoughts are that we about 3 years away from that possibility of breakeven / self funded growth stage

WIth the greenland projects then it seems to me that some sort of shared infrastructure with BlueJay would seem sensible, however I dont know how much their current faciliaties are utilised and if there'd be any spare capacity . It may be possible to use some sort of jack up barge supporting conveyors may also be possible in some circumstances. I 'd invite the thoughts of others

I'm assuming Clogau St David's will require little more to go into production but its nevertheless a 2 yr timescale to go through the various stages so I expect another placing in 1yr to fund this raising about £250 k ... so £250k Q3 2022

Im assuming (guesswork) 4 viable targets in the Dolgellay Gold Exploration Project
Do you think the company will reinvest profits from Clogau to fund this the exploration to feasibility report stage or do further placings ? What would you like to see ? If it was entirely done through placing then how much do you think would be needed to :-
i) get to PEA -> pre feasibility -> feasilibity on each target .... I'm guessing about £500k each guess complete Q3 2024
ii) prepare roadways adits etc pre production £5M each site .... I'm guessing complete 2027

Why would warrant holders sell now. If a warrant holder exercises at the same time as they sell they need not find the cash to buy the shares and have no exposure to an unforeseen drop. Its not that they don't have the cash, it's just not the game they play. Shame the 0.55p warrants aren't on general sale, I'd be game for a punt on them

Anyone got any thoughts on why this afternoons little jump. It seemed to be on rather thin volumes. MM games ?