Member Info for elir71

Been invested since soon after ipo (or before if you count ALBA), only held off until new isa tax year. Hoped that the CRM news would not arrive before I could buy in. As far as I can see, Stefan hasn't put a foot wrong. The main unknown in this is the finance, so if they can get a decent support package from EU CRM, then it is likely that the capraise necessary to make the mine operational and self sustaining will be considerably less diultive and all manner of other finance opportunities may also arise.

"the coming weeks"

Had to do this morning's top up on fill or kill

1,437,881 shares

Had to do this morning's top up on fill or kill

1,437,881 shares

Managed a chunky top up this morning, news can't be far off now. 1.39p but not showing on the trades.

Just my opinion, but those who invested at ipo were lth with a 5 to 7 year investment horizon, looking to at least double their mon̈ey in that timescale.

My target is 20p

@jeremiah , significantly more than an Explorer

Existing underground workings

Future downstream processing plant

@cal. See stefans explanation

A separate list will be shortly announced for non eu located projects

... don't forget the plant to process it downstream too

That's an accurate account. A bid was made at £1000,000,0000 by a voiceiferous , avid, troll. This in turn triggered the maximum bids of others (presumably genuine) bidders. In the interests of fairness, the company removed bids which may have been affected by the "troll's" actions.

A suspicious bid was made. The company became aware of it and removed all bids other than the preceeding ones (15k to 16k).

Since then the company has invoked a checks before bids are authorised. I spoke to Sarah Potter about this yesterday, and her response and corrective actions have satisfied me that all reasonable precautions are in place to maintain the integrity of the auction

@SUSHI

How have you broken down the costs in support of your analysis

Until bulk sample results are in (from planned ore body), then I don't understand how you can gave confidence in your assertions

22k

@Robbie. I disagree .

The reason is to do with relative negotiating strength. Should Clogau Jewellers be a customer then their relative size would preclude us putting terms on the golds use , provenance etc.

The best negotiating position is where we have a limited number of offtake customers, and those should be 1. Of high quality 2. Less influential than us. 3. Entirely trustworthy

For those reasons I recommend relatively small businesses, but we stipulate 100% welsh gold in our terms (preferrably single source mine).

I'm working on 2 g Au / t ore and a production of 5000 t ore per annum. So 10,000 g Au per annum.

To visualise then 6 g Au for 22 carat wedding band

1666 pieces

Naturally I would expect other jewellery but that's just to scale perception.

Look at the prices limited edition pieces from artisan welsh Jewellers retail for.

I would prefer to keep our offtake partners exclusive and on a they need us more than we need them basis

I would also hope that numbered, certified welsh gold coins be produced with a nominal face value. The reason being that being legal tender, then they'd be exempt from capital gains tax and therefore attractive to those of us who are subject to cgt

@benjidog, waste tip permit, yes aa uts bulk sampling

The first medals, I think are made from gold recovered from the waste tip, hence the tynycornel motif on the reverse

Unlikely to go private however I would not rule out a spinout of north Wales interest when further advanced

Coins v medals

It was something I'd asked George on the mine visit, have the coins uk face value ? Because if they did, then they'd be exempt from capital gains tax

@scotalba

I'm grateful to you for much of your contributions and informative posts in the past. I have also been most pleased that someone of VJG experience and calibre has been engaged by ALBA. Nevertheless, I have not heard much about her activities for us for some time, which is a shame, as the correct management of the offtake is as essential , commercially, as the grades which we may encounter.

I hope to hear very much more from her soon, it's almost like there's a spotlight on the stage eagerly awaiting her radiance.

If the company weren't committed to 100k on a blue skies project this year then would it be so urgent.

4 weeks till auction.

Alternatives

1. Wait until coins sold, ... revenue, publicity

2. Dispose of some GROC

3. Desist from new prospects

4. Soft preemptive placing