Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
More reports have been requested in relation to the de-watering so depending on how quickly we can turn those around and THEN they have to be examined...I expect no answers before September.
Thanks Jacksdad that's great. Although locals don't necessarily have insight into the planning what they can do is to express the general feelings of residents towards our plans. If they are on side then we are a big way there for getting support for opening the mine(s) and digging out the gold. We all know that local opposition to projects often causes immense delays...if there's no delay here then it's happy days.
This means it's not a "NO"...but the need for more information as the process is complicated. Better to ensure everything is right than face environmentalists fighting against a granting of the licence because certain hoops weren't jumped through. This is boring but NOT bad.
Well Ian..I guess the idea is that if Greenroc has £5m in the bank..that will get them to a place where any further funds needed could be raised in the market and not from us(Alba) as shareholders. I expect the IPO prospectus to lay out EXACTLY how that £5m will be spent; over how long and at what point the company should be reached by the time more funds need to be raised. Thanks for making that point Ian. All the best, Baz
Ocelot. Here's some clarity:
1. Greenland Listco acquires from Alba all the Greenland Projects for £6m worth of Greenroc shares...
2. Greenroc sells £5.76m worth of shares to the market through the IPO at the same agreed shareprice.
3. This leaves Alba with its 51% share of Greenroc worth £6m and Greenroc with cash to invest in developing Greenland projects.
Exactly right Elir - that's how I read all the RNSs as well. Also that the value of our Greenland assets has been put at £6m within Greenroc. So although we don't know what our "majority" share percentage ownership of Greenroc will be, if it's 51% then Greenrock will seek a valuation of £11.76m raising the rest of the funds from the IPO. We will get no cash although we could sell down our shares over time to raise cash.
Don’t forget these are real gold levels..not concentrates as per other locations’ results. All good.
New Director of Greenroc Mining plc, Nigel Kirk Adams, was born in April 1962 and is a mining engineer. He was formerly a Director of seven mining and energy companies and is based in France.
2 pieces of filing info on Greenroc at Companies House dated yesterday:
14 Jul 2021 Commence business and borrow - This document is being processed and will be available in 10 days.
14 Jul 2021 Trading certificate for a public company - This document is being processed and will be available in 10 days.
GosiaS...honestly it's not nonsense. It's business sense. To use your analogy...If the car on your drive has no engine, is getting rustier by the day and has no prospect of ever being driven again unless you throw a ton of money at it...don't you think maybe just to pay to have it taken away is a quick option for you to move on and use your drive for other more useful activities?
This is good...honestly. any future work needed at Brockham would have required us to stump up 5% of the cost. What is also interesting is that Angs are comfortable in accepting our shares as most of the payment. They could’ve insisted on cash only, so it’s useful to know they’re showing confidence in our shares. In Brockham, our losses have been cut, let’s move along!
Very interesting...although I note this mine only has a 3.5% level of jumbo flakes (p.17) and ours is a significant proportion. So happy days for us!
Loving the new site. Lots of excellent pictures and very explanatory and easy to navigate. Good mobile site. Well done!
I think they raise a fair point that we could use Welsh and English in RNSs related to our gold exploration. It would be more inclusive.
isn’t it about about time we had an update about the TBS asset? Last RNS i can see was 8th Oct unless i’m missing something? IHC Robbins have been doing an analysis - this is one of our real blockbuster assets when fully priced up so hopefully we’ll hear soon. i appreciate Greenland is only just opening up.
"more out on RNS when we can" George says...so let's wait..
Very impressive results - hold for the long term and enjoy the divi on the way.
I'm so sorry guys but I had to sell on Monday. It took most of the day for the transaction to go through which was also a red flag to me. I have posted very occasionally but thought for transparency and courtesy I should give my view and say goodbye and good luck. I do feel there is a very good possibility of an extraordinary outcome here, but I couldn't continue to lose money every day and wait for I don't know how long. So I played safe and put the funds into RB. I wish everyone well and hope things turn around eventually. Baz
What he can't say but would love to say is that several of the assets could be worth a Billion Pounds each....just need to be proved up. I say I've been here for years and just a few more will bring joy to all....it's like when I should have bought Bitcoin in 2016 when I first looked at it but didn't...Good luck to you all and enjoy the ride and don't worry about the usual dips. Cheers, Barry