Member Info for elir71

Don't say you weren't warned

Pump and dump I would imagine

look at the last time a placing was done and think about what funds they have for existing activities

Just to clarify my last post when I wrote "a European Investment Bank", I meant, as yet unknown banks based in Europe as opposed to "the European Investment Bank", whose role, I speculate, will be to provide guarantees either in whole or in part to the principal advanced by "a, or some European investment banks" e.g. Saxo Bank, Nielsens

THE EIB provides guarantees

other commercial banks provide the loan / equity

With respect to Motzfeldt funding, then I would imagine that an application for strategic project would be submitted in due course, perhaps soon. The results of it would not be known until Q2 of 2026. It is an investment that requires patience, however, it could yield very very good returns

My thoughts are that there are many parties to the decision making process for the grant of funding. I'm assuming it will be through European Gateway.

EG facilitate introduction of GROC to commercial banks

Those commercial banks then go through their own assessments

Proposal passed to the EIB to guarantee the loan or at least in part guarantee the loan

Some political tick off

It may also be the case that a European investment bank may wish to take an equity stake , as well as to provide loan finance (or perhaps some sort of hybrid convertible loan)

Wish the company would release some info on the pendants.

There's only 83 shopping days until Christmas

Well done to all who profited and cashed out on the spike

@smkr it is not 18% that is an error in the RNS ... it is something like 11.8% if you scroll down to the bottom of that RNS then you will see the correct figure. The full impairment was over £2M recovering some of that , an income stream or a sale of HH interest would do us the world of good at present

@Robbie Finsbro, yes, its an earn in, which means we need to spend 100k to get an additional stake, same year after and after, results to date look not bad, but I am unfamliar with the geology of the prospect.

The gold projected to be produced would be for a niche jewellry market I'd imagine, so at a considerable premium to spot, but not necessarily a fixed premium.

They aren't even blasting yet.

You can expect an advance of about 1.8m a blast and a 2 day cycle so around 2 to 3 months to collect the samples5

then there's processing to a concentrate , then the lab tests. So you're probably 4 to 5 months off getting any grades..... so february.

In the meantime I would expect some GROC news, (funding and exploitation licence)

Motzfeldt may put in an application for CRM, but that's an unknown at present and wouldnt be approved , if successful, until May June 2026

However, in the meantime ... ALBA will almost certainly need to do a cap raise, placing probably.

I dont know how much nor when the pendants are going to be sold. Really they should be showcased now for Christmas

@Mr Jones, what news are you anticipating ?

Tick up most likely due to appreciation of GROC SP

@Scotalba .... how long is it before the exploration option expires. Multi year is what we have been told, which, could mean as little as two years, as in expires feb 2027 . Do you have any more quantifiable information ?

We're not really in the "bullion" market. More in a niche of the jewellry market, though of course there is a connection, but I don't think it is as rigid as a fixed number x spot. I'm looking forward to seeing if the company has developed some better marketing ideas for the pendants long promised.

There share price shifting events that I expect in the next two months are as follows :-

1. Appreciation of the market value of GROC investment due to positive funding news

2. A capital raise to fund the level 5 exploration to completion and to strengthen the reported liquidity of the company prior to financial year end

3. Appreciation of the market value of GROC investment due to granting of an exploitation licence at Amitsoq

what *May* transpire

1. a fortuitous encounter of visible high grade gold zone at CStD

2. an application for CRM strategic project status for Motzfeldt

3. successful marketing of and sale of jewellry product from gold mined at CStD (the publicity would be worth more than the revenue)

I believe that the reason for the demand for gold is that some central banks are favouring a shift from a basket of foreign currency reserves particularly US treasury bills. This reveals that they view the US dollar as a less consistent representation of "value of goods and services" for a given US interest rate. Until central banks have satisfied themselves that they have the appropriate portfolio to meet their needs of "storing value", then I believe gold will remain in demand for a protracted period. Probably longer than it would take to get Clogau St Davids into production. However , the unknown, is how long our exploration option is for. Last time the BOD said anything about that, is was a not too precisely defined "multi year agreement".

This is a good reason why EU needs to act quickly. Beware that a US intervention is far more likely to see your investment eroded in favour of their "new investors"

His LinkedIn feed seems positive, however, i wouldn't necessarily expect a cutting the red ribbon announcement. But I believe it won't be long before and announcement is made.

His LinkedIn feed seems positive, however, i wouldn't necessarily expect a cutting the red ribbon announcement. But I believe it won't be long