Member Info for Jeremiah99

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.

Ruddy Nora! :-)

.225p - lol
Try 1.50p bought at the height of the gazillion tonnes of copper under Sharktooth hype and ensuing mania..... {sigh}

On yer bike, Travelcard...

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...

I think RR finally ran out of magic mushrooms....:-(

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.

O/T - There's an interesting BBC series on YT on Welsh history.
https://m.youtube.com/watch?v=NtMDbdIC2VE

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.

I agree, hopefully 30m+ eventually just for Greenland and the same one day for Clogau. It's a pity people got sucked in at over .5p by heartless traders, but maybe now's a good time to add?

No sign of CB today, perhaps Mushinge was CB all along? :-)

Only a million? Why do you get so wound up over a fairly small investment? I thought you'd own a couple of % of the company the way you go on...

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.

Someone mentioned on another BB that Afghanistan may have $1tn worth of minerals. China getting into bed with the Taliban and the US leaving quickly and quietly? Has a deal been done for the Chinese to have first dibs on Afghan minerals while the US gets a free run at Greenland?

Ordinarily it would be no sweat for a big miner to buy us up and then divest the parts that they aren't interested in developing, but still they will want to know what they're buying, and there's no way of evaluating that until we get firm JORCable drill results in. The GL deposits are easier to scope out than Clogau, which would be difficult to value as it will only yield up the full secrets of average gold grades once we are well into bulk mining and processing.

Life's too short to spend too much time on AIM BBs. Now that she's double jabbed I hope Mapp's out dancing on tabletops again! :-)

Better to sell up and go away then...

It's because it was flooded and also said to contain visible gold prior to being abandoned to the rising water that the Llechfraich mine is to be the first target. There are other targets but it's obviously much easier to pump out water than to excavate a new mine, and start the revenue ASAP.

We don't have much in the way of proven assets yet, hence the current s/p. Give them a chance to drill and get the GL results out plus get the dewatering permit. If all's good then we should start to move.