Member Info for elir71

@GaryBarlow
Quite so with respect to the miniscule amount of welsh gold
This is why I advocate selling in a highly controlled way to high quality preferrably local jewellers with the condition of a 100% welsh gold (obviously alloyed for durability) content. This decreases the value of the products previously made with tiny amounts of welsh gold, sets a standard and increases throughput.

Look how diamonds are controlled through allocation in London Antwerp Amsterdam ... that's the way forward

The lower adit you saw down the steps is the drainage adit. If you look on YouTube someone entered in there a few years ago before alba and did a video. Whereas I don't condone that, it remains interesting. Since then alba have done a lot of improvements

It is difficult to judge the motives of Victorian gold without knowing who is behind it. As its a channel islands company then the shareholders list in the the public domain , subject to a search fee, however if the shareholders are offshore trusts then the ultimate owners are difficult to trace.

The short term yet important for the long term of Clogau is the Nrw verdict on the further data submitted. Timescale, unknown. Most seriously interested parties have taken their seats

GL alth

Doll gell eye
ll being the consanant made by gently blowing either side of your tongue

@Botty1601
I doubt we'd have sunk to here had the NRW approved dewatering when most of us expected them to.

Nevertheless good to have you back on board.

the unknown being, the amount of time NRW are going to spend considering this. Naturally, the timescale doesn't make a huge difference as we don't carry big overheads, but its not unreasonable for investors to have a time frame in mind

yes the premium is reflected in the investor's perception of the value of the warrants. Its a long time since I did a black scholes calculation, but needless to say the investor has a reasonable confidence of being well over 0.4p in the medium term. Well over

I admire your pedantry

AGM is where to ask questions ! I encourage active shareholder participation

Shareholder is to Company as Owner is to racehorse, (not gambler)

@Divermike, interesting you mention "selective answering" of questions. A few Q&As ago other investors who asked questions and myself, collated the questions we would ask. As those that were avoided told their own story.

In all fairness the vast majority of questions were answered, however the ones that were unanswered form the focus of my attention. Where still relevant, those questions have been posed again.

perhaps we should bottle and sell it as mineral water instead. The farm gets its water from a borehole from the same rock.

@asllan

If you read the past accounts then there are deposits in the workings under the shaft. The inclined borehole also found gold mineralisation at depth below this level. Furthermore, there exists a target, evidenced by other boreholes in a free draining area nearer the old magazine. That is not dependent on dewatering to explore and exploit. GF has already outlined a timescale to preliminary economic assessment / mine plan.

The approach has been very methodical. The company intends to submit the data gathered over the past few month for the NRW's consideration. Whereas I think we all share some disappointment with the pace of NRW's responses, there are benefits to working in a more developed political environment, not least being a coup not handing over assets to sponsors of the same coup.

GF has a considerable amount of warrants awarded to him, so his interests are closely aligned with that of ordinary shareholders.

https://www.businesswire.com/news/home/20220824005744/en/Viston-United-Swiss-AG-provides-CFIUS-Update-in-Connection-with-All-Cash-Offer-to-Acquire-Petroteq-Energy-Inc

Failed to pass

OH Layla I feel embarrassed for you

best you remain silent whilst the grown ups are talking

lol

Yes Layla ... I see the appreciation of irony is somewhat lost on you

@Layla Rick (though you're probably the one and the same)

If you're not invested, use your effort to focus on the myriad of injustices around the world that are really affecting people.
If you are invested, sell. That's what any sane person would do that no longer believes in the company they've invested in.

The main advantages that ALBA have over past miners is
1. ability to identify targets through modelling the results of exploration
2. mechanisation

So, no you wont have to dig up half the mountain to get commerical quantities of gold

On the contrary, if the planning conditions are similar to those imposed on Cambrian, then there will be a strict limit on how much will be allowed to be surfaced. There remain however many open stopes that can be backfilled with shale spoil. I envisage only quartz from identified target zones will be surfaced

Re "minute particles" the processing plant has already demonstrated its efficiency in extracting minute particles. Nevertheless past miners picked out visible, so not microscopic particles by eye. Obviously they missed a lot of the finer material, which is why the waste tips will be processed.

@b.kelly

Would it not be cheaper to invest in ALBA ? (to get GROC beneficial ownership)

ALBA shares in circulation
6405M
Market Price per share 0.19p

GROC shares in circulation
111M
Market Price per share 5p

Percentage of GROC that ALBA owns 54%
No of GROC shares that ALBA owns
0.54 * 111M = 59,940,000

No of GROC shares per ALBA share
=59,940,000 / 6,405,000,000

0.00935831 GROC shares per ALBA share

Market Value of GROC indirect holding per ALBA share
0.00935831 * 5 in pence
0.04679156 pence per ALBA share

There is however a big disconnect between the fundamental value and the market value. In the end fundamentals win out, however you have to be very patient