Member Info for Jeremiah99

I see Donald Trump Jnr is planning a visit to Greenland and that the Greenland govt is looking for independence from Denmark, but they also say Greenland is not up for sale. Hmmm....if I wanted to maximise the offer price and also keep the money for my own people I'd be saying the same things. ;-)

What if our license areas turn out to contain much of the 20m 'missing' tonnes of copper, worth up to c. $180bn? At $80m AA would have picked up the bargain of the century.

$40m is only about twice our current value. If they discover a tier 1 sized asset the price tag will be nearer $400m. Has no one got any patience these days?

AA market capitalisation is c. £31bn versus Arcm's c. £17m. That means they are about 1900x bigger than us. Do you really think NvS has any sway at all on if and when AA choose to update the market? No, me neither...

Just fire up the printing presses for a Trillion USD and wave it under the Greenland/Denmarks govts' noses . I'll bet Elon Musk is already gagging to get tunneling under that 2km thick ice shield :-)

I'd be very surprised and delighted if our Botswana assets were worth anything like that amount though I am hoping our Zambia assets will eventually attain that kind of valuation.

This time next year Wodney, this time next year...

I notice that the relevant 26/3/2024 RNS is tucked away on the company website and not mentioned here on the LSE RNS list. I myself didn't know of it until someone kindly mentioned it on this BB. Hmmm...

I'm still bemused that the background ore might contain up to 6x more gold than the historical average of the quartz veins. If true, how did the old timers manage to miss that and if true, why has it not garnered much more attention in the investment world? 3-4 ozs/tonne is huge. Are we deliberately trying to underplay the amount of Welsh gold that may be available in future in order to retain its rarity premium?

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I think it's just a general lack of news coupled with a steady downturn in the copper market due to China's current economic malaise. I think NvS was a bit over optimistic in promising regular updates given that AA were always going to be in control of news flow. I don't see any cause to panic but instead use the slump to top up while we await what AA are confident will be commercial amounts of copper on our licenses. The regular cash injections from AA will protect us from raises, and the possibility of an offer for our Botswana holdings is always in the background. Just a matter of patience and not letting the doomsters talk you into parting with your shares on the cheap. They are clearly on a mission here and more fool you if you succumb to their agenda.

They normally mix copper or silver in to strengthen it for jewellery use (22ct gold is 8% copper) Other pure gold will be just as soft as Clogau gold.

If the background ore at Clogau contains such juicy amounts of gold in addition to the occasional bonanza grades that may be encountered sporadically within the quartz veins, why on earth is George looking to buy into a mine offering far less attractive grades, that too in an often dodgy jurisdiction like Africa?

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They look to be 24 ct gold to me and actually more attractive than I thought from the recent still pix. How much of the contained gold is from Clogau is another matter. I still think gifting the first coin to the Prince (or princess) of Wales would have been a tremendous s/p boosting publicity coup. I wouldn't be surprised if they go for £10k a pop at auction, but let's see.

Anyone else having trouble viewing the Q&A section on the AMR website? Chrome just freezes every time I try to view it.

We need Parker Schnabel on it

Give them a chance, they've only been drilling 3-4 months. It may take many more months to discover what they clearly believe to be rich copper pickings present in the area.

"a rise in Alba's share price should help GROC's share price because it means Alba will be better-placed to participate in a GROC placing"

Well the Alba s/p had no momentum and they still raised, looking to spaff money up the wall on other far flung projects. Whether it is to divert attention from underwhelming gold grades at Clogau or supreme confidence that our Welsh venture will imminently be catapulted into the investment limelight, remains to be seen. We are in no position to be gallivanting around the world looking at other projects when the coffers are more or less empty. If anything we should have bought back Groc shares as it seems to be heading in the right direction. "A bird in the hand" etc.

Yes George needs to step up and justify his exorbitant salary. I'd be ashamed to keep pocketing the same chunky wage whilst presiding over a company that has lost so much value. Bearable if the company was worth tens of millions but at this Mcap the salary bill will be a significant drain on financial resources.

I'm hoping he's been intentionally low key in disclosing the amount of gold that is being turned into coins etc so that it'll be be announced with a bit of a surprise factor when they finally hit the auction. It would have heen nice to get them auctioned in the run up to Xmas, I don't suppose that will be the case now?