Member Info for elir71

Alba's the top riser today
Have a good weekend everyone off to the pool and a rum and coke
See you all Monday to smash through 0.5

The reason I like the idea of the bullion, is that I believe that the rate of production at the mine may exceed the rate at which the gold can be sold as jewellry without lowering its premium status. The bullion would however need to have some method of verifying it as welsh gold. Perhaps a unique identifier in each and a register of ownership ?

Would you rather not have the funds to exploit clogau to a point of credibility? We're beggars not choosers as before this placing. I'd hope we're choosers after the forthcoming results. Believe me, I'm really in need of a good result!

The stock market is a device for transferring money from the patient to the impatient.... Warren Buffet.

Understand what's going on and appreciate we'll have the information when it's ready. It's a 3 week horizon on phase 1 clogau. It's prob 12 months on Greenland. Easy easy, no rush

What's other's opinions on the concept of minting some Welsh gold bullion coins?

I think about 70% of the placing has already been traded by now by my reckoning. No doubt mms will be playing some tricks but the spreads contracted today. I trade on the fundamentals anyway

The next significant news will be the test results after the end of this month's site investigation. The updates show the investigation is progressing well and it has already been stated that the results will be released in one complete announcement when lab results complete. I'm anticipating that mid October. There's cash to do further surface drilling moving forward to explore a big mine extension which I expect will take place in the next 6 months. I think there'll be a big shift in perception then and a sizeable placing to further develop the mine.

The next significant news will be the test results after the end of this month's site investigation. The updates show the investigation is progressing well and it has already been stated that the results will be released in one complete announcement when lab results complete. I'm anticipating that mid October. There's cash to do further surface drilling moving forward to explore a big mine extension which I expect will take place in the next 6 months. I think there'll be a big shift in perception then and a sizeable placing to further develop the mine.

Looks like all the placing shares that are going to get sold this side of solid news (I'm guessing from volumes about 70% of those placed) have been traded. Remaining holders are holding on tight after three consecutive tree shakes. I'm expecting a rapid rise in anticipation of news. Thereafter depends on the results. Nevertheless the mcap seems a considerable undervaluation. I need to have a think about how much will need to be raised for mine extension and whether it can be organically financed, or at least what the dilution would be on a future capital raise. Unknowns are steadily being eliminated.

Missed some bits because my internet connection was not great

1 Quarter slippage in business development so far due to covid

cash breakeven mid 2022
cashburn £ 0.5m pm

£5.6m raised May 20
August cash at hand £6.2m
R&D tax credit £1.0m

total £ 7.2m
18 months
almost to 2022

XFiltra not in forecast
and zero income from licensing to mid 2022

end feb 2022 even without any income , so worst case scenario, but we do expect some income.

cutting headcount would occur if licence income was not coming in as expected though a last resort

about 200 commercial machines 20 denim machines by end of the year 35000 domestic mahcines ... by the end of the year required to get to breakeven.

Income streams from diverse sources

Board believes fully funded to breakeven, nevertheless COVID risk may cause some slippage especially in India
Looking to expand geographic coverage

share consolidation by end of the year

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In summary, going as well as can be expected, theres a gap between Feb 22 and June 22 that needs to be filled with licence income *which I think is entirely feasilble, but that will is the main risk that I identify that is within the company'd control. The covid situation is out of their control and could possibly cause more slippage. Other than that a confirmation that everything is going to plan. Happy with that

Hl 0.34xxx to buy just now

Does anyone have a link to the presentation or where to register for it ?

Ive totted up the big reported trades from the trades data about 10 mins ago and it suggests that the volume accounts for about 53% of the placing

Results came in slightly below expectations, I thought there would have been a bit more progress with Ramsdens, but given the circumstances over the past six months getting a leading reputation for the xfiltra and largely eliminating cash burn have been major achievements.

There's instiutional investors which is a good sign. I would have thought that domestic washing machine manufacturers (especially popular brands in France) would have surfaced by now. Perhaps they already are in talks, but everything subject to NDA, but I'm fairly confident there will be a deal struck in the next year or so.

share consolidation issues are largely cosmetic nevertheless strangely effective ... baffles me why something which has zero effect on a company's fundamentals seems to be liked so much.

On the whole I look at this as steady progress and will be buying in the dips.

I would imagine we'll see a lot more mm games leading up to and after the results are announced.

Nevertheless, the fundamentals are sound.

Will there be further placing., yes well need it for clogau development and Greenland. Its not to be unwelcome, I'd rather that than a pile of debt

Whereas the company has stated it will not report results until all complete, it would be very probable they'd have some idea by now. Now, would they seek funds to expand a mine if they didn't have a reasonably strong belief in a successful prospect. Bear in mind its not their only prospect. In fact I'd argue Greenland has a potential of being the star.

I'm quite happy for mm to supply me shares at 33p my last top up, when the nuggets are being mined

@fantasticdave. What's how the bid price drops but the offer price remains. Though I'm rather surprised at the volume of trades today given the manipulation. Why would anyone sell today?

To the person asking what a market maker is then look it up in investopedia

Looks like MM tree shaking, building up for big orders when the results are out on the Utah samples (or Morocco start whichever comes first)

No start production at Clogau, then the stages outlined in the video last week need to be gone through. However look at Clogau as two projects... One building on the existing infrastructure and the second building on reserves as yet unproven (and possibly non existent). The current Site Investigation should give more confidence in the likelihood of viable reserves. The likely timescales are in the video and from what I can see they are credible. I've never done gold prospecting, but I have in the distant past been a geotechnical engineer for 4 years and done loads of drilling site engineering. Nothing in their presentation seems contentious to me. Mineralisation in quartz veins can be very sporadic though. I'm in at least until the results from clogau. No doubt the tree will be shaken many times between then and now.

All the mm manipulation can't stand up to hard facts value for long. In 2 3 weeks you'll see