Member Info for Jeremiah99

“due to low demand for this mineral on the international market, coupled with price volatility”

I presume the current weak demand for graphite is because there aren't enough factories outside China to process the raw graphite into suitable anode material?

That just shows the prestige of Welsh gold which should carry us forward. A steady moderate stream of gold coming out of the mine will suffice. Indeed a glut of too much supply onto the market may detract from the value premium. (p.s. to illustrate the rise in gold, I last bought 8gm sovereigns in 2007 at £84 each)

Yes it'll be good publicity - first gold produced in decades from the "Royal" mine. I hope they hand the first one over to William as he's Prince of Wales

It was so nicely presented by Sarah that I had to watch twice to pay attention to the content. (I think I'm in love) :-)

I'd expect a lot higher if they suddenly flash a couple of handfuls of gold in front of the cameras. :-)

Any chance of copying and pasting the text of the latest X post here? I'm not signed up to X and I can only see old tweets. TIA

Joeman1, neg posters have always been around but not in the numbers that have 'graced' this board for the last 2+ years, coincidentally around the time we acquired the Virgo licenses adjacent to areas held by a Chinese owned company. Coincidentally again, the most high profile knocker on this board prior to the present bunch of Wailers was called Chinablue. Hmmm....

£2100/oz is double what it was 5 years ago before Covid threw a spanner in the works. Add in a Welsh gold premium and we should be quids in. Given that bureaucratic hurdles seem to be out of the way for now I think it would take an exceptionally incompetent management team to not finally deliver some decent and long awaited shareholder value in the near future.

£2100/oz today

It was never going to be a big operation but a low tonnage, good quality mine with a good grade and a Welsh gold mark up. As stated, much of the infrastructure is already in place. Barring any more bureaucratic interventions, Clogau ought to be the ongoing bread and butter income which should underpin something of a rerating once operational. The icing on the cake plus cherry on top will come if and when Greenroc arrive at their planned destination of both graphite mine and spherical graphite processing plant becoming operational without too much shareholder dilution along the way. There is serious upside to be had there should things pan out as hoped, IMO, but it will require patience.

I'd like to know more about the processing plant. Have they upgraded it yet to cope with expected tonnages, what is/was the cost and are we sufficiently funded? How big is it, where is it to be housed and do we have the relevant permissions for that? Where will our own spoil material go? etc etc

Nice one Marco. A picture says a thousand words :-)

I think wisely they have elected to complete quite a few blasts before reporting the findings to give themselves a chance to locate pockets of high grade ore. Sentiment would suffer short term if they reported back after only one or two blasts that didn't contain much gold. As we know, the distribution of gold within quartz veins is sporadic though the overall average at Clogau ought to even out at the historic figure of 17gms/tonne, which is pretty good these days.

I'm guessing Groc raised cash through dilution so our proportional share went down from over 50%?

I just saw on Kitco that we reached that milestone, intraday at least. Now we just need to get our hands on some...

Hi CB. Not sure we need another dedicated deramper here. It would be a pity to have you immediately consigned to the green box, it's pretty overcrowded already with some unsavoury characters in there. Be warned, they've been cooped up for many months and may be gagging for some fresh meat.

Well nothing much posted here for a month, has there been anything of note discussed on the Telegram group?

That's the next question - how might the size of the ore bodies in our license areas compare with the total regional deposits which were bought by MMG for $1.9bn? Will it be pretty paltry in comparison or a useful chunk? Obviously early days...

A thought just crossed my mind, an early Bots sale would leave us cash rich and in a stronger position to negotiate any future deal in Zambia.

I don't know if we will hit £2000/oz gold soon but we're currently not too far off. It will surely be an important milestone that will spark some headlines if it occurs. I guess falling US interest rates have provided a spur to gold prices but also continuing geopolitical unrest will probably have played its part too.

due to an unfortunate glitch i was kicked out of my account for a couple of days and was exposed to the organised group of derampers residing in the green boxes. they are clearly tasked to spread fud though i doubt it will have had much of an effect on this sp****ly populated bb. as others have said, they are wasting their precious time as only drill assay results will move this meaningfully one way or another. it's a shame that slave labour still exists in this modern era and these guys have to be chained to their laptops in stuffy overcrowded offices trying to think up cogent arguments as to why others should not invest in a potentially very lucrative venture such as arcm. get out in the fresh air guys and wash some windscreens at busy traffic junctions instead