Member Info for elir71

Small balance sheet, So what?

Processing plant. I wonder where that is, I would have expected it up and running by now. Its presence should mean we arent as exposed to covid risk closing other labs.

@Copland , " is it possible that we will not see any real increase in the share value until we are actually mining and selling gold? "

The ultimate remedy to undervaluation of a share price is the payment of sustainable dividend. It is the ultimate reality check when it comes to shares. It is, of course possible that SP may drift until the production of gold on a commercial as opposed to exploratory bi product basis. I was surprised at the statement that GF made on a video that they expected production to commence in Q4 2021. My personal view, is that is rather ambitious as there are likely to be other hurdles to pass first. Nevertheless that's not a bad horizon.

However, in the meantime some other fundamental shifting information should come through
Exploration of Greenland assets, perhaps PEA or JORC on one without
Horse Hill judicial review could go for or against, that has an unspecified judgement date
Horse Hill might even actually produce some oil !!

Falling on swords. No need for that.. Exploration is exploration of the unknown... As long as the process is correct and rationally executed then bod can't be held any more responsible than they are for the missing plastic toy in my cornflakes

The research note does not take into account
Gwynfynydd nor any other Dolgellau Gold belt future resource.

It takes the value of Clogau St David's as 3% spot gold x possible reserves. You'd value at 100% if
It was possible to instantaneously mine and purify all of its gold.

On the other hand it overvalued imo HH

some warrant holders are staff . exstaff and contractors. It really isnt a market moving amount, and in any case the market has known about the existence of the warrants.

Surpise placings, issue of new warrants, I can see how that should depress SP, but not the exercise of warrants which have been known about for months or years.

Frustrating as the delay is, especially on the day that I had expected POSP 500 startup, it was heartening to read this ....

"All other elements of the project remained as previously announced, including that oil samples produced by the project would be sent to the Quadrise test facility from the first days of production, to enable them to undertake test work in the UK."

Testing on marine engine. Just a thought, but does the marine engine have to be on a ship ? I know of a nautical college with a a working engine room

"going forward" "need a change"
justify your assertion ... particularly your view that there is a "need for change"

back your assertions up with some logic, otherwise its just drivel and platitudes

Irritating, however its good that they have been specific about a restart date. There does not appear to have been any slippage on the completion of the FEED report, end of February.

Good news on the discovery of the 2m vein that's a substantial but as yet unproven target , the value of which can only be ascertained through more detailed investigation. What it does however demonstrate, is that the methodss of the current phase of investigation is effective.

Herd mentaility is the response which market makers doing tree shakes rely upon.

Lets face it , rational behaviour is to BUY when the price is LOW and SELL when the price is HIGH.
It's quite an irony to sell on the basis of a low price when there is no negative news. Bascially a herd behaviour, where the individual lacks confidence in their own decision making and simply follows (and amplifies) the comfort of compliance with the herd's "norm".

Personally I make my investment decisions based on fundamentals as eventually they always win out.

If you're unsure of the fundamentals do some research.

If you're uncomfortable with non herd behaviour ... then pick less risky stocks ...
.. sell up ... as I'm buying ... cheap

Qfi were trialling msar on a maersk ship, but it was cut short because the ship needed dry docking after colliding with a buoy.

Rule 5 colregs

The problem prior to posp upgrade that so much of the lighter solvent had to be left in the product to lower the viscosity, that there was no profit to be made. Assuming that the chemical properties remain the same then that remains true after upgrade. That is why the msar process is a game changer as it allows for full recovery of the solvents, the viscosity reduction being due to the addition of water and some clever chemicals by nouryon and patented processing of msar. The resulting product does not require refining, it can potentially be used as ultra low sulphur fuel. It would need a LONO for use in ships. Jan 2020 marpol ammendments put stricter limits on sulphur in ship fuel. The fuel has other uses too. So price it as end user fuel as opposed to crude. There is however a link in price. Look at qfi website for more info

@hunsen
The way I look at greenfield which tomco is 50%, is that If the posp works and customers found for the product, possibly msar product then the projected payback for the 10000 bopd posp2 is about 2 years with an outlay of 180 m dollars. To me that looks like 90m revenue per year split in half, 45m per annum for the life of the resource. A Net present value x risk factor gives you a target market capitalisation upon reaching that in about 2 years. Dilution is the third main risk as the 180 million must be raised by greenfield. The primary risk is technical, does it work efficiently, msar etc, that we find out end of Feb 21. Secondary is commercial... Customers for the product, deal with quadrise. So if you multiply those risk factors to the target price you get a fair present value.

@hunsen
The fact that the company is pre revenue does not make it worthless. There is a reasonable speculation anticipation gamble that the posp imminent startup will be successful and revenue generating by q1 21. If there was no investment in pre revenue businesses then there would be no new businesses. GLA DYOR

The Tier 4 rules in Wales don't mean you can't go to work if you can't work at home.
As far as the assay results ... they wouldnt be affected by the Wales rules as I believe the work is being conducted in Cornwall

Institutional Investors usually refer to PEA and JORV as a basis for revaluing a mineral resource.
Prior to that, they tend to base a valuation on teh cost of the prospect plus the cost of exploration conducted .. unless such exploration renders the prospect unviable .. in which case it becomes zero.
With that in mind and the prevalence of private investor ownership (as I assume HL and similar nominee account brokers) then I believe it is reasonable to assume that the undervaluation of the Dolgellau gold belt resources in the eyes of institutional investors, is due to the absence of PEA and JORC. This is particularly so for mines that have a history of working. Would they even need a PEA and JORC as a precursor to production. I must say production in Q4 2021 does seem optimistic to me, but in all fairness as the BOD have a reputation for not making over optimistic claims, then I am happy to go along with it.

Do you think that obtaining a PEA JORC for Clogau St Davids and Gwynfynydd in the coming months would be a good idea ?
The rationale being that it would provide the sort of documentary evidence that institutional investors may need to enter into investments with Alba ... or any spinoff JV for the operation of the near ready mines. That should raise the share price so making future placings less dilutionary on existing shareholders.
On the other hand, a revenue stream from mining operations speaks for itself too.

@nookie
Goldie had a better ring to it than Ilmenitey

I would imagine greenfield will be their first commercial customer.

@degise @Furion
Junior miners don't need golden CVs to get noticed by the markets and attract investment ... you need confirmed workable reserves of gold