Sounds like some govt dept trying to justify their existence. I don't forsee much problem if the mine water is clean enough. My first impression of Wales many years ago is that it gets the equivalent of half an Olympics sized swimming pool of water dumped on it from the heavens roughly every five minutes! What's Welsh for did you bring your brolly?
How are they going to show gold production when they haven't even finished scoping out the extent of the gold bearing zones or even attained permission to mine? You can see from the RNS that they have found new zones adjacent to historically productive areas, yet the govt (as usual) is dragging its heels over granting the go ahead to dewater or mine. The company have clearly been very busy trying to progress things but are at the mercy of stifling govt bureaucracy.
A libellous statement, possibly amounting to market abuse which perhaps should be looked into? Do you really think AA would be happy for Arcm to put out RNSs with their name in the header unless they actually were in discussions?
I don't want to point fingers but any chance of AA themselves being behind it? I remember reading on another board that they were not above using dubious tactics to bring about a fall in the Mcap of a takeover target company. Don't know how true this may be...
Interesting RNS from Scotgold this morning. They've been averaging 90 tonnes/day lately @ 12gms/tonne and hope to ramp up throughput to c. 130 tonnes/day or 4000 tonnes/month. Revenue @ 90 tonnes/day @ 12 gms/tonnes = £45k/day (@£1320/oz) or around £16m a year. You'd obviously need to factor in downtime and less productive zones but still they ought to surpass £10m. It's the same kind of ballpark figures I'm hoping Alba can achieve in time at Clogau, if not better as we should have better grades and a Welsh premium.
RE: advice to hold 10% in physical gold31 Aug 2021 08:38
I put c. 25% of my assets into gold in 2007 (@£320/oz) then stupidly put c. 50% into AIM shares from 2010 onwards. Had I also put that 50% into gold instead I would now be £400k up instead of £100k down. Dumb, dumb, dumb! :-(
Similar thing went on at FRR this last year or two, ousted director still passing himself off as being in charge and making deals. I guess covid travel restrictions encouraged the FRR mouse to play while the cat was away.
No I didn't read it. I'm not usually that much into following geopolitical stuff (though my son teaches it at Helsinki Uni) Strange that the Taliban seem happier to deal with the Chinese who are subjecting their fellow Muslim Uighurs to genocide. Mad world, you're right. I do remember that Trump was ready to get the chequebook out to buy Greenland so they must be confident of what lies underground there. It is on their doorstep and holds a lot of promise, but most of it is under ice a couple of kms thick.