Member Info for elir71

Relieved and joyful start to the day. Well done tomco

what do you mean "the fuller picture"? They explicitly said they would report on the assay results of the underground bulk sampling (which was september 20) they decided to extend the program of testing into october 20. They've had two months to process, test and analyse the result.

There is ZERO benefit to shareholders to have information withheld from them.

If you were running a company would you like your staff to withhold critical information from you ?

We had drops on days where Gwynfynydd was put in our hands and when a large quartz vein crop was announced. Drifting on sentiment as opposed to solid news atm. Question is, will the assay results arrive before a tree shake. Some technical analysts suggest that 0.65 is needed prior to a breakout to the next level. As you know I think 0.7 pre assay I. E now, is justifiable

I appreciate its not like turning on a car but confirmation that paperwork in order might be nice to know

weve been in tier 4 in Wales since before Christmas so there's nothing disrupting work on site.

31-Dec-20 11:57:41 0.54 4,500,000 Buy* 0.51 0.54 24.30k
Posted 4 January 2021

usually petroteq give a good information flow, but ive heard nothing as yet , mind you , its only coffee time at Utah

No I dont think you have the right idea here.
The underground bulk samples were sent to a laboratory Cornwall at the end fo the underground bulk sampling investigation.
The assay results (pertaining to that phase) will be reported on in their entirety (bear in mind that the sampling was extended into october) when the company have had time to review and analyse them.

Its been over two months now. Assay results in the past took two months ... see old RNSs

The processing plant that has been recently received is for processing ongoing material, which provides an inhouse assay capability, which i assume will be rapid turnaround.

I'd imagine some capraise will be needed for the two posp 5000. The payback period is 18 months

Thank you for sharing your research

Do you have any costings for Greenland exploration ?
£ per m drilled (at various depths)
deployment costs .. per rig ... site offices etc
accommodation costs
length of the exploration season ?

I gather the posp is to be turned on today, I'm expecting 1500ish uk time

I'd like to hear news of sample dispatch arrival and suitability in the coming weeks.

ive always thought of it differnetly. profit is any increase of value, crystalising it with fiat as a common lowest denominator is an illusion of "safety", as the cash has a melting value. ... of course you can't trolley down to spar and buy a six pack with a slice of ip company

yes, I agree, the "orphan" stage should be mininal as much of the infrastructure which requires substantial development is already there.

yes, though I think that the second half of 2021 will have more news than the first.
The necessary licences for reopening clogau should be in place by late autumn
More prospects will be identified within the Clogau (llechfraith esp)
Underground sampling at Gwynfynydd
Results of further exploration at Amitsoq and Thule. There's a very good chance that the reserves at Thule are far greater than those proven and Amistoq should attain JORC by the end of the exploraiton season

Im not sute what if anything will happen at Limerick, Inglefield and Melville bay

I'd rather rely on good fundamentals than hype. Eventually good fundamentals win through whereas empty hype eventually tires. As things stand I think we're undervalued to the tune of 0.15p or so WITHOUT, the imminent assay results from the underground bulk samples. Ive a feeling we've not long to wait.

though its been tempting to trade some of the recent gyrations, ive been reticent to do so since late november as i feared missing out on an upward and permanent rerate following favourable imminent assay results.

The self done assay of the bulk samples taken from the newly uncovered vein's outcrops .... and other similar occurences are going to make interesting reading, especially if a strong correlation with the soil sample geochemical tests can be made.

@petergar ... you'd have thought Morocco would be closer in the timeline. The reason I say Utah is because Greenfield and Petroteq need it and there's a fair amount more transparency in the whole affair. I'd be far more sympathetic to another capraise AFTER they've signed up Asphalt Ridge to a commercial deal, which is entirely feasible. I think they're aware that its being monitored quite closely and I think it will be easier to sign up new contracts when the first one has been done and the product is demonstrably working in a production environment as opposed to a prototype environment.

I'd point out that many of the failures of the past have been completely outside the BODs control.

I found this in today's copy of Dry Bulk ... it seems some new large (newcastlemax) iron ore bulk carriers are to be LNG fuelled

"BHP has awarded its first LNG supply agreement for five LNG-fuelled Newcastlemax bulk carriers, which will transport iron ore between Western Australia and China from 2022."

Repeated post for the benefit of the 0700 rns watch....

I've prepared my thinking as to valuation of Alba at the present time, and in 12 months time (assuming things go ok)
I't shared here

https://docs.google.com/document/d/1xxuXY7-LZ-u78JtnD_llFt5vsEBA5eMThJcBj58Ck_g/edit?usp=sharing

There's a link to the spreadsheet with some of the underlying calculations. I expect it will need some ammendment when expected news come

@indigo
Most likely soonest commercial contract is Utah imo