Member Info for elir71

In all fairness, GF answered the questions I asked about the likely timeliness with Motzfeldt

Buys at 2.02 so approx half the 200,000 that made an appearance pre market is already gobbled up.

The schedule for the active anode material pilot plant , would by now I think be pushed back unless its funded by placing. Its a tough call on Stefan for this , but I completely endorse his decision to fund raise for the bulk sampling that is being undertaken as I write. I trust Stefans judgement on this, as he has available to him more facts than us, and those facts are most probably undisclosable at this time.

Are you selling some more this morning, as I saw a 200,000 share order for sale pre market ?

Prior to trading a non market maker put 400,000 limit order to sell on.

I notice that a "late reported" couple of sales of

370,000 shares @ 1.92p

30,000 shares @ 2.1p

I speculate these are some of the shares resulting from the exercise of those warrants at 2p

... when ALBA had Amistoq and TBS (and other projects) the pace of progress was not terribly spectacular. I would have a great deal more confidence in ALBA if they brought a project to production, or at least sold one on at a profit as a proven resource. Horse Hill, is as far as I am concerned the project most near to a success (though effectively sabotaged by a concerted legal challenge).

The only bit of surprisingly good progress that Ive witnessed is the installation of infrastructure post dewatering at Llechfraith. Then it ground to a halt. Since then, one blast. Why were H&S issues not resolved during the period of no blasting ? Why is there any unprocessed ore whatsoever left ? Theyve had a processing plant (albeit a very small one) available for many months. Has it been effectively utilised ?

Surely , the highest priority activity to do is the activity that is closest to generating cash.

Whilst yes, I can google it ... but does anyone know if Graphene batteries would be something that our proposed mine and plant could produce ?

|Do you thinkn this is a successor technology in batteries, if so, is it a threat or an opportunity ?

Another busy day for the sub £10 trade,

moronic

@Iloveshushi

You predicted placings of more and more shares until shareholders have enough

Shareholders overwhelmingly voted for the removal of any limit on the issuing on non preemptive new shares for an indefinite period.

I must admit, I was surprised at the massive level of support for such an action

Point 1 / agree in part, however it does depend on your timescale. I believe the next funding round will be required before the clogau results but after the anticipated funding announcement from GROC

point 2 / I believe the results of the bulk sampling which the blasting aims to provide is not likely until near the end of the calendar year. There's gold in practically every piece of ore extracted, however its gold content may well vary wildly. Its not going to be a case of yelling out "goldstrike", it will be lab results

point 3 / I agree and this is the event that is likely to result in the soonest rerate

point 4 / yes, however Motzfeldt is about 2 to 3 years behind where Amistoq is now ... but you have to start somewhere

02/06 subscription effectively a private placing, churned by the market I believe (because no TR1), from the volumes but obviously identity unknown. Haven't seen hide nor hare of the shares from then exercised warrants, could it be that they were already sold (short) ?

In my view the taxation issue is that the UK leads the world in tax avoidance and other frankly quite shady financial practices by effectively outsourcing the dodgyness to offshore financial centres, specifically set up for that purpose. See Netflix on The Spiders Web .

Domestically owned businesses aren't playing on a level playing field with larger corporations which minimise their legal tax liabilities through tax avoidance schemes. Compare and contrast a family owned coffee shop and an international brand. See how various tactics are used to effectively export the taxable profit to a more favourable domicile. This is why the high street (what's left of it) is increasingly a bland replication of the same outlets characterised by a low wage, insecure employment, proceduralised work practices, highly "brand penetration", devoid of any character and as a workplace a moronic drudge.

Real value added industries have been demolished and outsourced to low wage, low worker welfare countries and it seems only now that the security of the means of production has become an apparent problem that needs addressing (CREM is just one example). Are any Tshirts made in UK ?

All this La-La land economics, fuelled on consumer debt of a train of money printing (albeit electronic money, as the 1844 Bank Charter Act limited uncontrolled paper money printing, but it largely has the same malign effect, well understood.

Another buoyant day for the sub £10 trades

I expect a little contraction prior to the announcement. Those newly admitted shares I suspect, will appear as limit sell orders

I think 2029 is still on, though, like any construction project, delays can happen, but there's a 25% contingency in the forecasts. What's within our control is the completion of DFS FID. The studies that underlying this are ongoing, parallel activities for which I can't see much scope for acceleration with the addition of resources.

I'm happy with progress and Stefans reporting of progress.

Sentiment growth during this period is also critical and I think the imminent announcement of funding package yo completion of fid dfs is pivotal.

As Stefan says ... "don't worry too much"

... britannias the way to go, I totally agree. Shame the tynycornel coins weren't struck as legal tender, then they would have been exempt from capital gains tax

The best credible outcome for GROC would be a funding package, released in tranches, but predefined in terms of amount and triggering events or milestones. Apart from the technical challenges of the new proposed chemical processing method and the risks inherent in any construction project, then the oy significant unknown is the nature of the funding. Should it be pledged all the way to production then a fairly accurate valuation can be arrived at from ... new equity, debt and grant versus future income stream.

The advantage of a published package all the way to production, is the removal of uncertainty and fear of an unknown equity raise at unknown future share price levels.

In the event if the above, the attention drawn to the business would,in my opinion result in a very significant rerate. Again, in my opinion only, it would be more advantageous than an offtake agreement, unless such agreement comprised a condition that a fixed percentage of the company's future production is taken as repayment model for pre production funding. (Which would partially derisk future sales price exposure)

Buy limit order, probably only got filled today

... but on very low volumes. So far only 5 trades over £1k in value

My point being , why exercise those shares ensuing from the exercise of warrants unless those exercising wish to sell those same shares.

I agree however, they have not made an appearance on the market in as far as I can see.

Someone speculated that it was to be able to move quicky by selling on news. That's the most credble explanation Ive heard so far.

Very rough calculation ...

In the hypothetical case of a grant then the value of that grant should uplift the SP by that value divided by the number of shares in issue

So for every £1M of grant then a rise 0.368 p

£10M grant fundamentally gets us a rise of 3.680 p