Member Info for Johnycash

Sorry the graphs didn’t load but with a potential world wide recession driven by the pandemic.
The yearly reduction in gold production I think the price will continue to rise.
This has driven the interest across the Globe surrounding mineral production.
At one time the cost to produce an ounce of gold was not much higher then the price.

Future mining

A 2012 report conducted by Snowdon Mining Consultants on behalf of the previous majority owners of the mine, Gold Mining Wales Ltd (GMW), suggested that as much as 500,000 ounces of gold could be lying untouched in the area surrounding the mine,[4] giving hope that gold may again be extracted from the Clogau Gold Mine. Alba Mineral Resources are now the majority owner of the mine and are currently drilling to access the commercial viability of reopening parts of the mine. Previous samples taken from a 200 metre long area returned gold grades of 30.2 to 263 grams per tonne,[5] suggesting that previously unrealised supplies of gold could potentially exist.

Jeremima
You’re post recently lol

RE: Some times we need to look back to look forward04 Oct 2020 03:18
IMO good grades plus media coverage will get us over 1p and perhaps a spike towards 2p? 1p+ ought to stick but the real rises at Clogau will be if and when we find more gold in the outlying areas and go on to get planning permission to mine there. Who knows how long that may take though? In the meantime a good drilling and scoping campaign next year in Greenland ought to boost the Mcap nicely. If everything lines up I can see 4-5p in a couple of years.

I don’t think we had professional Rampers here most of the news was extracted from the company website and media interest.
Only time will tell it seems strange people have sold prior to the drill results.
I bought more on the drop and I’m still blue.
Good luck on your investments

Long term $GOLD trend remains bullish One of the ways to analyze long term trends is to look at 36 month simple moving average. If the price is above that then trend is bullish, if it goes bellow it's time to sell. I've added two graphs: In the upper graph there is a $GLD monthly price (blue line) and 36 SMA (orange line). ?? since the last peak in gold price in 2011 the gold was in bearish trend for few years. Then for a few years there was no trend, i.e. price and SMA went sideways. ??The trend change in early 2019. Since then the gold has been on beautiful uptrend. As long as the price of gold remains above 36 month SMA the trend remains bullish and it's a good sign to bullish. The other graph depicts a bit more complicated picture. The graph shows the difference between the price of GLD and its 36 month SMA. This is a way to look at the gold momentum. As can be seen from the graph the gold was having flat momentum in period between 2013-2016. Since then the situation has been gradually improving with several breakouts. ?? The momentum has been picking up. One of the most important lines on the lower graph is the red line. If it's not broken then bullish trend remains intact. A place to start worry would be if the upper dotted support line would be broken. As long as the GLD and 36m SMA differential is above the mentioned trendlines the long term gold trend remains bullish! Please keep in mind that these are very long term graphs and in the short term gold price could easily move around by 10% or more and not have large enough impact on the long term trend. The recent price action on the long term graph looks like a decent "buy the dip" opportunity.

We are at the Generative stage before we enter the primary stage only then will we know how much and the cost involved in production.
Gold production costs haven’t risen with the record breaking Gold price.
Experts predicting 3000 per ounce welsh gold may well be over 10k an once.
Production costs very on the terrain labour costs and the depth of the discovery.
Maybe as low as 700 to 1200 pound an ounce.
So this mine can be extremely profitable

Kaaba you contradict your self you said you bought based on posts listed here.
You then sold out after a short time and are nursing a loss a clear path to the poor House.
You need to research first

Only time will tell however there certainly a chance to multi bag from this minnow.
There is a ready built mine that hasn’t been exploited using modern technology.
The infrastructure is in place.
The extraction process is cheap and the gold fetches a premium on the markets.
The market cap is low relative to capital return on investment.
They are drilling in areas of safe legislation.
There are new seems that may yield hi grades to be explored.
Greenland is massively drowning in hydrocarbons and minerals yet to be explored.
I’m in GGP OMI and Thor my late father was a geologist with BP and said that we are still awash with minerals and hydrocarbons like in Horse Hill but lacked the political will to exploit.
Technology has moved on it was wild cat drills in the 60s during his time in Alaska.
Now there is Sona satellite images ultra sound to help with the discoveries.
I’ve never de ramped any other boards that I’ve not got a position in.
We all no aim is a minefield just research,look at the people in charge the finance the old companies they have been involved in.
Look at the geology of the region the history and make your own mind up.
I’ve been on these boards for ten years seen so many firms go bust been involved in a few but had some great success too.
Your still learning but A diverse portfolio is the way to go.
Look at emerging markets I’m 60 plus but I’m making good money on them Solar edge technology-and First solar doing well for me on the American market.
The world will need batteries and Alba have a opportunity to exploit masses of Graphite a key ingredient in this growing market.
That’s why I’m here.
And will be for the next few years as it unfolds.

Just bought another chunk I see a great opportunity buying into the drop.
Not long now before we see some results.
After 30 years trading you learn a few lessons it was easy to chase rainbows you see a big rise and jump in without any due diligence.
Now I look at the drops sometimes the companies with the biggest drop prudential rings a bell .
I’m building a nice stake here with some GGP profits.
I’m still fully loaded there and expect at least another 100%.
However if things go to plan this will multibag.
GLA

https://www.albamineralresources.com/page.php?pID=13

https://www.dailypost.co.uk/news/north-wales-news/biggest-ever-gold-belt-found-16719060.amp

I’m holding for gold only time will tell it’s not an expensive process to extract the gold.
The infrastructure is already in place.
The graphite in Greenland land is also a cost effective process and a major mineral used in the growing battery market.
GLA

I started buying GGP at lower levels then the current SP here.
Please read all of the news bulletins not billboard posts.
You have to believe in the company look at the team the resources the potential growth.
It’s not a sprint it’s a marathon I posted the same on OMI this morning as it dropped.
I’m here for a few years to see it unfold hopefully the next news bulletin will outline some more meat on the bone.
GLA

I’m willing to hold for several years and increase my holdings.
It’s a marathon not a sprint
GLA

Hi Newander
Thanks it’s good to see more detailed research into the resources.
The recent essays results will hopefully firm up a maiden resource.

Hi the maiden resource estimated maybe per annum rather then a total.
Most companies tend to log annual production rates however not detailed in the report.
The two big hitters will be looking for a continuous supply to be processed to slow for the cost of production.
I’m sure they have done the due diligence in the region and have access to more critical information then the rest of us.

Looking forward to next week I’ve been on these boards for 10 years.
It’s provided some useful information and also a load of jargon .
However I don’t think people should be put down for expressing there views and trading experience.
It’s helped over the years my entry into GGP was from a poster on Sxx and OMI was via a poster on GGP.
Have a great weekend everyone it’s a shame my late father a geologist with BP is not around.
He helped analysis companies resources for me.
Mind you he said technology has advance so much now .
No wild cat drilling rigs sonar ultra sound satellite images helping current hydrocarbon exploration.

GGP I sold 670,000 shares at 2p I bought at .75 .
Taking a hit with Sxx made me panic .
Sold more at 10p enough for a car and caravan .
At 61 I’ve been investing for about 20years .
I’m holding long now and have a diverse portfolio from Netflix SEDG MU and Square.
Aim Thr Ggp Alba gun And here.
Most big gains have come from going long.
The rise in gold as made me focus on future exploration targets
Hopefully find another GGP.

https://www.orosur.ca/files/FINAL-June-2020-Corp-Presentation-25_june_2020.pdf

A great week for OMI not sure who commented on the GGP board a few weeks back about looking at the potential here.
But would like to say thanks.
I’m looking forward to next few years to see how this unfolds.
With two majors involved one who withdrew there commitment to GGP a few back.
That was worrying times but they stated that they had another project that they thought had more potential.
I wonder if that was OMI .

Just bought more great potential to multi bag.