Member Info for Noobz

I believe 28% is correct. Although the warrants may change that

Olearny exactly that. The strategic intent of the company is not to mine clogau it’s to invest into a range of projects.

From the annual report:

"(Hold) a range of assets with potential to add significant value for the Company’s shareholders in the long-term. Our strategy, where possible, is to target assets that have a history of production or advanced exploration and are in stable jurisdictions, and which thereby offer real potential to be brought into commercial production. At the same time, we will also continue to pursue earlier stage opportunities which fit within our overall portfolio or strategic outlook, whether from a geographic or a commodity perspective."

I think I too have been caught out not understand that was the goal instead thinking they were focused on being a Welsh gold miner and I am not sure if the intent has changed.

In terms of the strategy they are achieving it through investing into Finsbo and generally the AGM votes are supportive of the BODs actions and intent.

I think myself and a lot of others here are upset because they are disconnected from that intent and instead want the company to focus on clogau when that hasn’t set out to. Albeit they still are moving forward on clogau

Alba best known for groc?

Not the gold mine they have??

Don’t get confused on the period this covers it’s not up to date on all aspects it’s 30 Nov 2024 year end..this means some director buys and financials are slightly out.

This is normal for a delay in reporting from year end

If you look at ScotGold they didn’t shoot up very much from the gold auction they done.

For me it’s not about increasing the sp or making money off the back of the auction. What it does is set the value of the gold so when we release the sample results we can say x tons = ££££ accurately this leads into feasibility. I would hope it brings in some extra and much needed PR!

I’m sure the money spent/forecasted for in Sweden would be helpful…

I cannot it’s too short notice I would love to otherwise

Are the sandwiches not free that would be unreasonable if not?

Asking for travel costs seems unreasonable however

That’s not to mention any news of these other projects options to be determined but I rather they just got on with clogau got enough to be doing their imo and we should save the cash!

Expected news will be first pour into of coins which is crucial as the auctioned price will be a determining factor into any premium.

I would very soon expect assays of that lower lode

What I would like to see is a proper MRE and some form of PFS but not expecting that immediately.

They did post on their website in the q&a to the rns that they had fixed the issues with HL.

They should have used primary bid although not as good as it once was as you must go through your own broker now it’s generally seamless with most majors

I hope you aren’t suggesting we pay him anymore with the share action the way it is?

Whilst I was a believer in him he has lost my trust once again I doubt many would take him seriously in the world of mining with his current CV

Ocelot even I don’t have your levels of enthusiasm and I have done a lot to try support them currently this is becoming an overseas money pit…

Another thought is groc is amazing why don’t we buy back some shares there?

And that’s fine ocelot but let’s see some cash before we go spending more we are very limited on cash most years not enough to cover our expenditure leading to rises how can we justify these other projects. We brought the whole gold belt and conducted surveys there which could be explored especially Gwynfynydd. I understand this was also to control the market.

The timing here just appears comical considering last week and the company’s focus and direction appear confused.

If clogau is just around the coner let’s full steam ahead there first. None of these early stage projects are going to help fund anything look how long it’s taken for clogau which is relatively quick as an existing mine to start to come on line.

But why rush this? Instead of plumbing the price and getting distracted as well as spending our very limited cash reserves get gold from one site first!

By my quick limited reading these all appear to not be operational mines meaning they are not going to bring in near term revenue the context of the rns appears to be alba taking control of mines unproven licences with some nearology in unstable regions.

We simply don’t have the cash for all of this I can’t agree with any expenditure in this way and shall make my position clear on the website.

Considering the reaction to last weeks announcement it appears the bod who were starting to get everything right have just thrown all sense away. 165k just to acquire not thinking about any further aquisation or funding needs. Ridiculous!

At 3p a share it’s not hard to be a multi bagger what will be annoy is if it can reach shareholders averages. A lot of LTH I suspect are tired of trying too keep up with the price and far underwater. It is a kick in the teeth for those who hung around to be under whilst newer investors get great returns

worst part is it is raise after raise and understandably an expensive operation and one that is not cash generating yet. if the raise was to fund clogau i would mind so much but it’s not.

first was australia now sweden to spunk that little cash they have on. i can’t see sweden passing a shareholder vote at this time because there is simply no excitement here.

we need to be focusing all our efforts on clogau and stop ******* money away elsewhere. still waitin g to get a couple million back from ukog :/

II was looking up the rules for an egm today I’d be wanting a serious sit down with the bod

The auction planned is where they cannot mess up. This will define any premium we will recieve which will have a huge impact on the mine potential value and AISC