Member Info for elir71

"Notably, this includes an impact crusher capable of processing 3 tonnes per hour and a gold concentrator capable of processing 1.5 tonnes per hour. "

I've done a publicly viewable spreadsheets of warrants convertibles etc. Check through my past posts

Warrants, unless near expiry dates there's no point in exercising them unless you are ready to sell the shares you'd get from exercising them. That's the mechanism by which they influence sp. If you're a buyer then you might wait till supply of shares is ample after warrants exercise

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Seems they are backing away from Frankenstein fuel now

I think comparing Mcap is fairer than SP. Bear in mind that bluejay have other resources other than Dundas. They are further down the line with Dundas than we are with Thule Black Sands, perhaps 2 years ahead. I'm invested in Bluejay also. Their gallery is worth a visit. Bluejay managed to get an offtake agreement and debt finance for developing the resource. I think they are awaiting the results of the bulk sample test through a smelter. When I say bulk sample, I mean one that fills an entire handysize bulk carrier. Bluejay going first does forwarn ALBA of any problems, and is therefore a considerable derisk.

It appears that since there has been no news today that the BOD seem unconcerned that the expiring warrants will expire out of the money. This will send a poor message to other contractors who may be reluctant to accept payment in warrants in the future . This would be particularly true if it transpires that the results were good but needlessly delayed.

only two trades in the last few hours

market makers thin at the current prices, big spread. Looks like they're setting up to quote 4-5p

I suspect that most investors who want exposure to the expected end of month news are already invested to the level they are comfortable with. I don't really see the need for further delay on the release of various results. ... but then again I'm the sort of person that likes things done at the earliest opprotuntity and not the latest.

@Noobz 2nd April .... that's in Q2 2021 I'd hope the assay results , and possibly annual report would be out at the end of Q1 21 which means before easter.

I'm not sure if I like it. It sends mixed messages to me. Then again I'm probably not the target market audience

"lies lies and damn statistics"
What Stellar did was be very selective in what they sampled to make a big shareholder impact

I prefer a sample more representative of the ore body.

Stellar's intent was therefore fundamentally misleading, whereas the statement in the RNS contained no lies.
"sample A contained xx.x% g Au / T", a more honest statement would be " per Tonne of preselected ore containing visible gold to suck in naive investors"

STellar was full of BS
would you prefer to be lied to if it made you feel better ?

I suspect the "cycle" you refer to is about to be broken ... upon commercial contract (probably Utah)

Dragging out the assay results is alienating shareholder support. This could and should have been done in October.

Save your beatings about validating workflow

says more about the low trading activity

its not that much in the grand scheme of things.
I really wouldn't get hung up on warrants, especially when they are close to the SP anyway. They're not huge in number anyway. I expect the sum of shares owned by readers here in the next 5 mins would well exceed that.

I get the feeling (as opposed to evidence based quantification) that the limit of what existing body of shareholders wishes to be exposed to has been reached. I would certainly put myself in that category.

Most of the outstanding warrants are held by. Lth, like gf himself, don't worry about it.

"It been like this for 2 years solid"

>> nope, last summer the SP was below 0.1 p its now well over 3x that and the fundamentals have only improved other than for our small interest in Brockham. Yes it's volatile, but if that is not to your liking then I respectfully suggest that junior mining stocks on AIM don't match your risk reward profile.

@pension builder

If sufficient people believe by the 27th of March / 1st April that the shares are worth 0.42p or greater then yes.
At the moment, those same people, speaking with their cash clearly do not.

Will there be newsflow that is sufficiently sentiment changing to change those people's minds ?

Market makers may start playing games before an expected rise by marking down the SP in order to induce sells by weak holders or triggering stop loss. (known as a tree shake)

that is correct.

>> IF << you were to assume that the BOD wanted the warrant holders to profit from this with little risk (bear in mind they can buy shares at less than ex price as close of play friday, but, from my level 2, not 47 M of them,

then ... you wouldn't be making wild guesses, that if they wanted future management consultants etc to accept shares or warrants in lieu of payment then you might control newsflow (the only weapon in your armoury) to promote interest in those same shares. Also , if you were a serving director, you couldnt really go and buy (at friday, cheaper market price) shares if you had "insider knowledge".