Member Info for elir71

the premium for Welsh gold is due to its scarcity. The more volume that becomes available then the less scarce and thus the less premium. So I would rather conservatively look at it at commodity prices.

I think the bulk of the company's value is in Greenland, however, without the means to develop the necessary infractructure for extraction then its only theoretical. I see the proceeds of the Clogau mine being in part used to finance the development of the Greenland prospects, and in part , to pay shareholder dividend.

the display of buy / sell is inaccurate. The data they get from the market is simply a transaction, i.e. a sell from one party with a corresponding buy from another. It is the site's that try to interpret it as a BUY or SELL, (from the investors point of view, as opposed to the mm point of view). Ive had the same phenomenon on other small cap thin trade pre revenue companies.

Nice bit of depth on what a price monitoring extension actually is
https://aim-watch.com/project/price-monitoring-extensions-explained/

50% spread!

Even if it was a condition that arisings had to be removed from site, I'd imagine the relatively small amounts would be feasible. Treatment of water pumped from the mine would be another hurdle. Typically it would require stilling lagoons perhaps reedbed treatment. It's not trivial but not insurmountable

Any correctly set up marine radar will detect buoys. Most buoys have lights.

common long routes for testing are china to europe and the transpacific great circle runs about 3 weeks a piece on a high speed container ship

I too was impressed by the presentation and their commitment to doing quarterly breifings. I was also most relieved to hear that there was a realisation and commitment to landing that first commercial deal, which, from what I can see would render the company at breakeven on its own. It alayed my concern that the company was lurching from one cash runway to another, as at some point, that may not be available.

I topped up 0.175 late afternoon

They cancelled my flights to tfs. If they can't take a stand and give some credence that they'll actually fly, then few are going to trust them with a booking, even less so accept a credit note as opposed to cash. Sold all my holding as I see them being unwilling to fly the slots they got from Thomas Cook. In fact, they're starting to look like a Thomas Cook case

Wrt Bergen, the absence of a source of funding at this critical time would cause a greater negative impact on the company's prospects than the cost of equity dilution. I'd rather be looking at them than for them.

I liked the RNS' clear setting out of timescales on the projects.

Perhaps it is worth entering discussion with Tesla for supply of battery metals.

https://www.mining.com/tesla-offers-giant-contract-to-responsible-nickel-miners/

Fantastic news on Morocco. Let's hope we get that project nailed !

The less rare it becomes then the more the price would tend towards commodity price. A leaf out of deBeers book on control of supply isn't out of order. It would be a nice problem to have though

Very happy with progress so far re clogau. Hopefully doors to more conventional future financing will open with some media exposure.

If the trials suceed at lab level, then they will work at industrial level as long as petroteqs plant functions. Furthmore, it is also likely that the oil shale deposits in Utah and other places (including Canada) are also exploitable. If anyone knows how to research the ownership of such leases then I'd be all ears.

https://www.researchgate.net/publication/288667580_Narrow-vein_stoping_practice_a_United_Kingdom_perspective

Interesting publication for those who are interested in extraction methods appropriate to Clogau St Davids.

In the context of Petroteq's 3 month low price of 0.03 CAD then its been a remarkable few months, though it is a nagging concern that should petroteq be compelled to cease trading then would access to their plant be interuppted until an agreement is reached with liquidators.

The purpose of the trial trenches are to cost effectively determine the position of quartz veins, which may contain gold to some degree. As a site investigation, then it is normal practice to reinstate the trench following sampling, documenting and survey.

With respect to spoil from mining operations, then it is a significant planning hurdle. The fact that there exist slate spoil in nearby areas is not an indication that there will be little objection to resumption of tipping, on site or traffic movements for off site disposal. There being past mining operations on site, then I am unsure as yet what additional consents if any would be required.

When compared to Power stations, tourism etc then the mining operation would produce little employment . Revenues from gold mining does not find its way to either the Welsh government nor the local government other than in the form of business rates. As such, be realistic in terms of the local political motivation for support.