Member Info for elir71

I asked ********** , the reply is

"The Q&A will be released later today."

@lee
Where would you expect the gold you are asking to be shown to come from?
The works described in today's rns give a clear plan of where they intend to search and this needs to happen before we have ore to process. The only other source readily available is the tyc spoil heap.

Let's not descend into an 'are we there yet' chorus

I think that's what I heared too re wells deeper than strip mine reserves

Bid and offer at 0.2p
Can't get tighter than that

Embryonic plans have existed for a unita basin railway. I also believe that chevron have a disused pipeline

I agree with Mullins this is a long term hold.
I also agree with shregnomie in setting forth a costed timetable with dates rather than qualatitive statements such as "soon"

Nothing should drop off the agenda, even if there is no progress to report. Monthly reports on progress on each item.

Admit mistakes

like the water that freely drains from past workings into nant hirgwm from the llechfraith drainage portal you mean ?

@ian

Perhaps it should be sold as mineral water!
Would still need abstraction licence though!

The relevant authorities do not include the Welsh government.
The bodies are Nrw, the local government authority, snowdonia national park and mines royal

There are identified targets in the free draining areas. I wouldn't waste time in delaying any start,

https://asiaq.maps.arcgis.com/apps/webappviewer/index.html?id=819ff201b76f44f99b31da7ef630c18e&locale=en

Christoffmcd

The problem is, greenland assets value was unrecognised, or at least very under recognised within Alba.

I couldnt buy any on line at the open but could do on the phone with HL

I don't know where they are with it

I've done many ipo through primary bid
Takes time for the shares to be allocated to investors accounts

I must say pqe new boss came across very well

I'd be very comfortable in investing in anything he leads

So if the SP of Groc rises, then those shares become a readily valued asset of ALBA and valued at a far higher level than as an internal component of ALBA. There is a tranche of larger private investors who have made a strategic decision to get exposure to Greenland mining assets and probably include the likes of JAY in their portfolio of such investments. The rump of Alba's assets may make it less attractive, not those assets dont conform to the profile of their investment strategy.

I see Groc sp rising well clear of 10p IPO price. The reason I believe this is as follows. If you look at First Equity's research note of June 2020 then it values each project with a justification of why. Check that in comparison with the mcap of groc plus the 5M in cash .. or you could look at it like ALBA selling greenland assets for the 10p a share ipo price. Either way, it looks like the spin off is at a discount to first equity's research note valuation.

Some of you may remember that I did my own valuations on these and my main area of disagreement with the first equity research note was the valuation of Amistoq, which I valued as a past working mine and not a virgin resource.

Since then considerable exploration work has gone on which I expect will triple the value of the resource at TBS but most considerably appreciate the Amistoq resource as a maiden JORC resource. Naturally, GROC ipo investors will anticipate the need for capital raises for further development , however as JAY have demonstrated, finance may be available of a more geared nature and success in gaining this is likely to have a big impact on the SP over the coming years.

The main present value is in TBS and Amistoq. The others are in far earlier stages of exploration.

Its a question of to what extent you want to balance these investment exposure
I'd guess Groc will take longer to mature as an investment, but will probably go further and will required capital raises. Those capital raises however would not necessarily be entirely in the form of equity issue, but could also comprise some form of debt

@parish lantern
The market valuation of exploration companies especially pre revenue ones are based on anticipatory values. Often they will make no trading income ever, but return value to shareholders through disposal of capital resources that they've added value through confirmation of mineral value