Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
As Bluejay mentioned in a previous RNS, the fact that ilmenite is a precursor to titanium which is deemed a critical metal, means that sufficient funding to move the project forward would be made easier to access.
@newlunar. I had a stab at estimating the gold contained in the new lode extension and arrived at up to 80,000ozs, roughly equal to all the gold ever mined at Clogau. I used 550m x 1.25m (avg width) x 100m (depth of lode in mtrs, though this may be an over estimation) x 1.27 (avg ozs gold per cu mtr @ 17gms/tonne and quartz being 2.32 tonnes per cu mtr (googled)) Again, I see the avg depth of the lode as being the most uncertain factor at present, but the calcs just illustrate that it's a single extension which is likely to contain many tens of thousands of ozs of gold, and that's just for starters. ;-)
Great news that our graphite is suitable for EVs. A good while ago I had a dig around for info regarding historic mining at Amitsoq but could only find reference to a couple of hundred thousand tonnes being mined about a century ago. I think a good question for the webinar would be what would their educated guesstimate be for how much graphite they think may be present at Amitsoq? Though of course they may just say we don't know until we drill it...
Great news that our graphite is suitable for EVs. A good while ago I had a dig around for info regarding historic mining at Amitsoq but could only find reference to a couple of hundred thousand tonnes being mined about a century ago. I think a good question for the webinar would be what would their educated guesstimate be for how much graphite they think may be present at Amitsoq? Though of course they may just say we don't know until we drill it...
Well here it is, tweeted by Tokyo Rose himself earlier - "As an inept PI I lost tens of thousands buying high and selling low in #arcm.." So just dumb investing leaving him broken and all eaten up inside and looking to shift the blame onto NvS. Miserable way to spend one's life really. :-(
Apart from 'buy low, sell high' he obviously also ignored the other simple investment rule of never investing more than you are prepared to lose (particularly on AIM where most companies fail)
Onsite cameras eh? Hmmm....
8:55am - cars pull up, men get out, put hard hats and wellybobs on, unlock mine door and enter.
5:05pm - men exit, lock mine door, remove hard hats and wellybobs and drive off. :-)
@MAGICALHAT, gold grades thrown up by surface trenching only serve to indicate whether gold bearing rock may be in the vicinity and are not an indication of expected grade within the host rock.
In a cavern, in a canyon
Excavating for a mine
Dwelt a miner forty-niner
And his daughter, pixiet44
Oh my darling, oh my darling
Oh my darling, pixiet44
You are lost and gone forever
Dreadful sorrow, pixiet44
Filtered
You're showing your ignorance there MAGICALHAT, I'll get your coat...
Pixie is St Tropez's alter ego, if they ever met in the same room they'd cancel each other out and disappear in a puff of smoke! :-)
These drills are not looking for gold, they're looking for the continuation of the gold bearing quartz vein system. So far, so good, the system has been found to extend both vertically (as was hoped) and (in a previous RNS) further horizontally than they had originally expected. Welsh gold will not make us rich but it should provide the bread and butter income that will underpin our projects elsewhere (which HH was supposed to but failed to do)
@maxcady - 18:34 "... you guys..." More evidence (as if it were needed) that you are not a holder here. It is comforting to know that signs of a continued pulse at FRR is deeply disturbing to various non shareholders. :-)
Perhaps people won't be so gullible getting suckered in by the professional rampers next time. It's good to be upbeat about your investment but their multiple 100% positive posts only served to sucker people in while they cashed out and disappeared like a fart in the wind. The company haven't helped either with their unexpectedly extended timelines. All we can hope is patience will pay off if and when Greenland starts to get proved up and monetised.
Without the ramper/traders pumping this a couple of months back I doubt we would have left the .35p to .45p range.
"The companies will also have a market cap below £100 million in the UK" GGP is around £1bn. Hopefully Alba will one day be excluded from the penny shares list by virtue of being well over £100m Mcap. :-)
Yes, in comparison we know very little about what they've found in our target areas. Solg had numerous RNSs stating multiple hits of copper mineralisation at very deep intervals. What has been revealed to us so far has been quite mediocre to date, but if they've mentioned multiple tier 1 assets then the stuff must be there in good quantities.
I doubt that it's rocket science to extract gold from quartz, those old timers managed it just fine from the Victorian era onwards.
is what this pretty much amounts to. Is it illegal and punishable?
I'm also in Alba - currently in the process of re-opening an historical gold mine in N. Wales that supplied gold to the royal family. Also has graphite (EV batteries) ilmenite (titanium precursor, strategic mineral) and 50% of an iron ore deposit in Greenland. Has oil holdings at Horse Hill in the Weald though that has been disappointing so far. Can't win 'em all. ;-)
Don't forget we only own c. 70% of the assets, fully diluted there are 1.3bn shares and GBP is around $1.35. So $600m = 24p or so.