Member Info for LiqMyAce

Do your own research, but as soon as this shows any liquidity I will be out of it and will put more cash into MTL. A much better story. I made a mistake investing in GAL, I never like investing in mining a company run by accountants. But I still bought. My mistake, I'll get out as soon as I can.

I don't believe Stifano ever intended to mine this asset. He was appointed to make a quick buck by selling the mine. Well it seems that went pear shaped. Also, what are they doing wasting money (that they don't have) buying land and drilling in Scotland?

Stifano needs to be fired to be replaced by a CEO who knows how to get this asset into full production. The man is a disaster, extra drilling means nothing when you have plenty of Gold available to mine already. Is this an exploration company or a miner? Somebody needs to decide quick before they go bust due to Stifano's inactivity.

If prices stay around here, then when the full year accounts are published, it's looking like the EPS will be higher than the stock price. Not sure I have ever seen this before in a profitable company that is throwing off high amounts of cash!

Runruno has been a very difficult project from the start and I suspect that if Darren had been involved from the beginning the project would not have gone ahead. However, during the project's darkest days we were lucky to get Darren. Together with a good team he turned the project around. Now it's going to get interesting as I'm feeling that with new projects hand picked by Darren, we are now onto a winner. Setting up new mines from scratch is his forte and I'm sure that with his knowledge and skills we are stepping into a golden future. Next 12 to 18 months are going to see a big re-rate of the stock price. GLA!

1) They will have armed guards.

2) Without the ability to process the concentrate it would be very difficult to get rid of.

Given the proximity of Abra to Runruno, it would seem to me to be a reasonable plan to put first stage ore processing in place at Abra to produce a Gold rich concentrate that can be shipped by road to Runruno for final processing. Capital investment requirement would be minimal for this type of operation. I guess they would need a sag mill crushing grinding circuit followed by some kind of froth flotation process. Similar to what Galantas Gold are doing in Ireland.

proactiveinvestorsdotcodotuk/companies/news/1471

This is very old news but still relevent: https://www.proactiveinvestors.co.uk/companies/news/1471 Fact is they have explored only 15% of the land bank and the CEO seems confident that the LOM can be extended significantly. Good luck!