Member Info for Jeremiah99

Aah, those heady days dreaming of £1 parties, oil field as big as Saudi Arabia, resource of national significance, Bougiye Bros buying shares all day long in ever increasing multiples up to 10m etc etc........sigh :-(

I didn't realise that AA owns the De Beers diamond company...

As far as IPO v JV goes, in my experience the incoming, better experienced and wealthier JV partner often strikes a miserly deal with the smaller usually cash strapped junior partner. Sometimes the junior ends up giving away an arm and a leg (70-80% of the value) just to have the big boy on board. Via the IPO route we still retain a majority share and overall control.

My post was aimed at ian12. Why are we paying for a GL drill campaign and not Newco?

Good point..

In some parts of the world those coffees may well have been spiked to put you in a more amenable frame of mind. ;-)

Yes, minimum 51% but who knows how much higher?
As it's an IPO, anyone can subscribe for shares prior to the floatation, so maybe keep some funds ready, though we don't know when they're likely to float.

Yes but we will enjoy 50%+ of any upside without having to raise cash ourselves to fund development, as I see it...

Pass the salt...

Chillin.....;-)

The sampling and processing was only ever designed to confirm that the plant works well (and the drilling campaign was only ever to confirm whether potentially gold bearing host rock is present) Neither was expected to deliver shovel loads of gold. By my schoolboy maths I worked out that the first concentrate results contained about £5 worth of gold and the second set about £45 worth. We won't get substantial amounts of gold until the tailings pits begin to be processed, IMO. I'm also expecting the dewatering permission to start moving the s/p, as well as news of progress at Amitsoq. There are some positive milestones to look forward to this year and l'd hope us to be substantially higher by year end, assuming no unforseen setbacks.

Or they want in at a lower price? Maybe even CB is praying for 2p again so he can buy back in at the point where he panic sold so he can recoup his losses?

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.