Member Info for elir71

Detailed planning has been in train for some time so that we did not lose time once the permits were granted. Accordingly, we are well placed to complete our preparations on site and commence the dewatering exercise within a matter of days.

Https://www.londonstockexchange.com/news-article/ALBA/grant-of-dewatering-permits-at-welsh-gold-mine/16025604?showDisclaimer=true

Permit determined

30/06/2023

Permit issued to GMOW (Operations) Limited

B O O M

Patience is rewarded

@TEvan

with respect to Amistoq

It is geologically de-risked

What remains as unknowns are

Sources of finance

debt finance ... should follow PEA, rising interest rates may make this less attractive

EU rare earth finance ... political dependence

Equity raise ... value to existing shareholders is dependent on sentiment

Junior miners have inherent risks and timescales which are lengthier than many private investors realise. A clear picture of the timescales against your own investment goals is important if you intend to Long Time Hold.

Day trading or short term holding is a different matter, which introduces a new dimension of timing risk as people try to buy immediately prior to good news , which may or may not materialise and is prone to spikes and bubbles.

@LodesOrLoads PAN-019729 , I think is the ongoing application

@HotFinance looks like a cargo stop as they are at the container berth.

@Lee I agree with you re the 10% brigade, however the fundamentals are good, so its a great LTH

@scotalba

from memory (and it could be flawed), but at the end of the consultation period last time around, the responses of the consultations were published on nrw website. They were basically letters of no objection from the statutory authorities. Odd that this time around there is no such documents have been uploaded.

@ocelot

so would you take a cash offer of £1.3M for it ?

or would you find £2.3M of UKOG shares more attractive ?

£200k pa return to ALBA ... for a life of about 10 years values the investment at around £1.3M

In the past our slice had a book value of £4M

Personally if someone (Angus or UKOG) offered us £1.3 M for our share of Horse Hill, then I would snap it up. That money is better invested in a GROC capital raise and or Clogau development

yes as i thought, orders being filled - late reported trades

significant buys 10k, 32k, 10k. 40k === 92k shares

+78% in one day, from an "on their ****" market position

@21p so £19,320 worth of shares

a relatively small volume all told.

nevertheless a blip from where they've fallen

Large rise today, not enough reported volume to justify that raise. I suspect there's a big order lurking there getting filled. Perhaps a take over ?

I think NRW already stated that they would not be bound by these service level targets due to the complexity of the case. I'm not trying to be a damp squib or anything.

The timescales from end of consultation period to verdict the last time was a few weeks from memory

I very much doubt that we would have to wait any longer (nor shorter) than that

Its certainly not going to be 3 years from this point onward

I think gf has been diplomatic in giving local politicians a tour. No doubt the NRW would have been mentioned, however he wishes to maintain a good rapport with them

@lee

Only two significant groc trades

5.21 and 5.24

A closing trade of a few quid does not define what you could buy or sell a decent for. It's just a red line on a website.

Water can be abstracted without mining.

I suppose that before the geological model was constructed from the drilling, then there would have been more uncertainty with respect to the targeting of exploration. On the other hand, the need to dewater llechfraith shaft was almost a certainty.

I hope they've learnt from this

Ive been out of this share for a while, but am still monitoring from the sidelines.

With respect to the placing, at least it keeps the lights on