focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Just a reminder to CB of what he tweeted on 8th February 2021, as he seems to wishe to refute any suggestion that he's just an embittered loser.
"As an inept PI I lost tens of thousands buying high and selling low in #arcm.."
"Buying high and selling low" So just dumb investing really, leaving him broken and all eaten up inside and looking to shift the title of ineptness onto NvS. Sad....
I doubt there's much more than 1gm of gold in total in those last set of results...
"A whole year of a waste of time." Not really, the copper price rose over 50% adding value to whatever's in the ground.
Isn't ilmenite also a precursor to titanium, a critical metal?
This latest RNS is just proof that the on-site processing kit is able to extract most of the gold present in a sample, and is no indication whatsoever of the original grade of the input material. Nor are the output grades achieved particularly high, bigger gold miners with better kit on site are able to produce dore bars of around 80% purity. They just appear to be pottering about at Clogau for the time being while awaiting permission to dewater.
Yes and I guess the underlying forces which created the peaks and folds of the Welsh hills will have moved some of the quartz veining out of their original orientation, complicating the picture.
I'm still confident that when they finally get down to bulk mining, the average grade will still be around the historical 17gms/tonne. I'd be interested to know whether gold grades within quartz host rock tend to differ the deeper you go. As gold is one of the heaviest elements, will it tend to accumulate more at depth or is that just wishful thinking? :-)
Nice find, Ella10. Had a quick skim of the first few pages. I don't have a legal brain but Mushinge, Ortac and Kalaba are all mentioned there but the monetary sums don't seem huge.
While you're at it, why don't you request a position on the board so you a can run things yourself?
3. Less grumbling on public bulletin boards....
We were never going to be miners IMO, just scout out and drill promising looking opportunities in friendly jurisdictions, then sell on. Clogau, because much of the infrastructure is in place and costs to add more are not huge, and because it's smallish and high grade and high margin, is something doable, worth retaining, and should return much more profit over time than simply proving it up and selling it on.
Nothing ever goes to plan and as I have mentioned several times before, if HH had delivered even half of what was promised we would already be in the pennies, then factor in a global pandemic to throw another spanner in the works. I think the BoD have done pretty well to keep things rolling along, hopefully the GL summer campaign and Newco spinoff will finally deliver the much delayed boost to s/h value.
Sincere commiserations on the evaporating £300k, dontpanick. I hope you succeed next time around with Alba.
A lot of the previous optimism rested on HH which was largely out of Alba's control and as we now know seems to have been based on hype. Thankfully Alba and it's BoD were smart enough to have more than one wheel on their wagon and those are still rolling along nicely. The planned GL spinoff puts Alba at a pivotal point in its history. I for one am willing to wait another 6 months to see how that pans out before joining the moaners.
I think you'll find that aside from those planning a fundraise very few directors pay much attention to the s/p and prefer to concentrate their efforts into moving the company forward. The s/p will then take care of itself..
sta60 the pina coladas are on you if we get taken out for 30p+ :-)
I think a successful GL drill campaign followed by a spinoff at a good price will boost the s/p several fold and add a cash lump sum to the coffers to get Clogau going. Doing it the other way round would take years, IMO, and in any case we are not arctic miners, the costs and logistics would be beyond us whereas we could handle a small, good grade, high margin, boutique mine in Wales that already has most of its infrastructure in place.
I would imagine the (small) BoD's time has been almost fully taken up with approaching institutions and corporate lawyers etc. prior to implementing the Greenland Newco float, as well as liaising with the GL govt and contractors to arrange the drilling campaign. Hopefully the diversion of their attention will bear plenty of fruit in months to come.
There must be few things more irritating to a BoD than a squealing short term trader who is out of pocket. Real long term investors of the kind which any fledgling company would love to attract, will sit patiently and just let the story pan out at its own pace.
Be even better if that graphite continues at depth beyond the reach of the drill! :-)
Be nice if all those rocky outcrops they're standing on top of contain 30% graphite :-)