Member Info for elir71

I doubt they are working all around the clock. I'm aware of the vague "sometime this quarter" statement in the RNS, nevertheless thats not an especially informative statemetn, because , if they still have some of the 36T left at the end of Q1 21 then they'll have had it hanging around unanalysed for 6 months. The whole point of having the pilot plant is to turn things around quickly. There'll be samples from veins and more bulk samples to be collected especially from lower Llechfraith.

I dont think the temparature would stop production. First time I was in Utah which was in the month of July , I was perplexed at the skidoos on sale there, especially after crossing a blisteringly hot desert....

here are the monthly averages ..

MonthHigh / Low(°C)Rain
January-2° / -13°2 days
February3° / -10°2 days
March11° / -4°3 days
April17° / 0°3 days
May22° / 5°4 days
June28° / 9°2 days
July32° / 13°3 days
August31° / 12°3 days
September25° / 7°3 days
October17° / 1°4 days
November8° / -5°2 days
December0° / -12°2 days

@Glasir .. i disagree with "what he says is generally correct" .... he has made statements to the effect of "there is no economically extractable gold at Clogau", "the reason for closure of Gwynfynydd was depletion of gold reserves"
His "predictions" are always negative, the accuracy of his insights never predict share price rises, which have been the dominant trend since my investment. Therefore I can only conclude that his posts are designed only to manipulate the share price. Although initially I thought him simply the sufferer of some sort of personality disorder, a post he made in his earlier postings on another's share's bulletin unintentionally reveal a greater degree of financial knowledge.

His agenda is to manipulate investors into selling their shares. It comes concurrently with market makers dropping the bid price, yet interestingly maintaining the ask price during a trading session. Late reported chunky buys then come to light a few days later, and that is hardly a coincidence. So they want PIs to sell but not to buy. As such, my best guess is that the account is controlled by a market maker engaged in market manipulation.

The problem with leaving trolls posts unchallenged is that new potential investors may be put off by their misinformation or unsubstantiated negative sentiment

@Monty
I wrote down my thoughts on the companys valuation at the end of the year, on a project by project basis. If you go through my past posts then you will see a link to it in a publicly accessible part of my google drive. If youve any questions then message me directly

@multibaggerjim
i doubt any warrant holders would exercise at 0.56p if the sp was in the .40p range as there is no intrinsic value.
I'd imagine the 0.56p warrants would be exercised when the SP has broken out of the current trading range (0.40 - 0.53p) and gets support at about 0.65 .... resistance (guesswork) about 0.8, which I'd expect in the summer, unless there's some sort of miracle at horse hill.

I hope you found my spreadsheet on the outstanding warrants useful. As you can see, we're getting a great deal more value per share recently than only 8 months ago. Outstanding progress wouldnt you agree ?

@multibaggerjim
Ive run through the RNSs since last annual financial report, which reports on the warrants and convertibles outstanding at that time, taken every new issue and every exercise since then. So what is outstanding is already published and of no concern

Of the leases that Tomco have, does anyone have any idea how of the quantities of oil that can be extracted using opencast and solvent extraction (as in the POSP500) and how much (opencast) in other leases that would need some other type of technology to extract the oil

perhaps they are letting the SP be low so that rises can be profited from by the "high new worth" individuals that Henson is there to attract. Don't sell your shares cheap to them !

"I'r pant y rhed y dwr"

Re more Excitement
Seemingly press coverage and videos seem elucidate more excitement than RNSs

I'd imagine alba have about 2m in cash or v liquid assets at this time.

Did you notice the multimillion share late reported buys x3. There's big buyers there and have been for a while, possibly using derampy accounts here, together with mm treeshakes to get pis to part with their shares cheap. I've posted y reasons why at this moment in time a fair fundamental value is 0.92p per share. If all goes as planned, including maiden jorc at amitsoq then 2p is achievable by end q4 21. The main risk is in fact Horse Hill. If you're interested, read up the work I posted week before last

Why end of this week? It should be producing oil by now. A video would be nice. I'd hope the sample to England should be sent in the next few weeks

Its perfectly acceptable to question the actions or communications of the executive
We are the owners
I have moaned, I do moan, I will moan ... dont like it ... you know how to filter me

Yes in light of recent events I agree, we'll done XSG, onward and upward

All shares have risk of devaluation as all future income streams (or the anticipation of them) change.

Junior miners are especially volatile as they seek to add value to the unproven, so there is inherent risk.
The best you can hope for is competent management of that risk by the management and honest and transparent actions and reporting from them. In all fairness, despite the recent lack of clarity, I;ve no cause to doubt the integrity and competence of this management. The AIM market however has its "junglesque" qualities, especially amidst market makers, recipients of placings etc.

It's all about the balancing of risk and reward , which is unique to every individuals circumstances and attitude towards risk.

You could sit in a room with your assets as a bundle of cash and you may as well be in that room with a snowman melting away.

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" has validated the Company's process flowsheet ", help me here. In my early career I worked for a multinational which was like an echo box of "trendy corporate psychobabble". Would anyone care to explain in plain english or welsh, what that extract means ?

@QuantumStar
only my opinion ... but I think the first MSAR project to come to commercial fruition will be at Asphalt Ridge. SO I am watching progess like a hawk on that one. Bear in mind that as the material out of the ground at Asphalt Ridge is "sweet" (very little if any sulphur) , then it may be possible that it may be useable as an eco friendly marine fuel. NEvertheless theres ample other uses locally in energy hungry industries such as cement kilns.

Im not knocking any of the excellent sales prospects that QFI have, but at this juncture .... getting a project in commercial production, even a small one, should be the main focus. I'm convinced that future sales will be far easier to come by after that.

I remember my first business, I landed my first contract without having any proven track record. I didnt get a huge price for it, and I put a lot of effort into it. When my first clients competitors saw my work, then contracts became a lot easier to come by ... order taking as opposed to sales.

@Indigo
You had asked if the posters were for real. A good question as I've certainly come accross accounts which have less than genuine people behind them with hidden motives. The only reason I made it clear to you that I know tugboatpete and crippen, having sailed with both of them, is to assure you of the credibility of their opinions.

warrants not exericed until multibag day.
Exactly, given a holder has the right but not the obligation to exercise their warrant (basically a company issued call option) then there is no advantage in the holder exercising that right until they are ready to realise the intrinsic value (difference between share price they could sell shares for - the exercise price)

If the open market price is lower than the warrant price, then there is no advantage in exercising the warrant, as the ensuing transaction could be achieved on the open market cheaper

I know tuboatpete. I was a deck officer on a ship that he was a captain on, at the time we worked for a company within the Maersk group. Its fairly easy to find out who I am.