Member Info for NoOneKnows

Very easy to make the statement " In that regard, it should be noted that the Level 5 blasting programme has not yet reached the proposed first incline raise (see Figure 1). Therefore, the blasted material to date does not represent the projected high-grade zone." after the disappointing results. They made a lot of very optimistic noises before the 2024 blasting program. Despite my optimism when I first invested I personally don't see Clogau ever becoming a commercial mine, I think the old timers had the best of it and Alba are never going to be in a position to process enough tonnage to make money. On the plus side we still have a share in GROC.

No this ..... "Since the completion of the first phase of blasting, the focus has been on processing and refining. From the processing of 11.6 tonnes of newly blasted ore, 108.6 kg of concentrates have been sent to the Company's usual third party refiner and all these concentrates have now been refined, recovering 11.58 grams of gold."

So reporting the amount of gold retrieved from the tonnage processed isn't counted as an assay result ?

I expect we all have posts we'd like to forget about but heres one from Scotalba May 2021 "One big huge mistake SCOTGOLD made was promising to show some gold, then when they did, it was such a small amount it made the company lose a lot of credibility and the share price reflected this in a big way, with a big drop. I am happy to wait, and we will see our gold in good time and I am sure it will be in a good quantity. I strongly believe everything is going very very well with Alba gold." Since then then Alba's share price has tanked.

These were some of the optimistic comments made in an RNS dated 11/12/2024. "Estimated 120 tonnes of ore to date removed to surface for processing, combination of historic and newly blasted material.

Large amounts of visible sulphide mineralisation encountered in blasted rocks. The high level of sulphide mineralisation within the projected payshoot considered good indicator of associated gold mineralisation. Visible gold also identified within blasted ore."

Https://www.londonstockexchange.com/news-article/ALBA/clogau-operational-update/16938389

"People still haven’t understood we’ve only assayed waste material as yet (on the surface & mine floor sweepings from the 80s) - We haven’t even gotten to where Alba believe the gold is, that’s what we’re doing right now, it’s taken years to get to this point (floods/bats/regulations etc)". Robbie has conveniently forgotten they assayed material from the first round of blasting at the end of 2024 which yielded jack sh*t.

SP seems very low to me Robocop but then I think the RTO will complete but I suppose some are more sceptical.

If we still have the interest in LVG... after a lot of maths converting CAD to sterling and then taking into account dilution I have the value of AMG interest atbetween £700K-800k. I tried working with AI but it is a bit sketchy with answers that don't always match the previous answer. I hope we still have that investment as it could build nicely over the next couple of years which ofcourse will be pocket money when the RTO is completed but still good to have.

Also I don't now amg's holding it was rumoured to be near 3% but IDK.

Final results 30th April last year. "Atlas Metals Group holds a minority equity position in Lake Victoria Gold (“LVG”) because of cash advances to LVG

converting into shares after the Company terminated its investment in this gold project in Tanzania. The current owners

are seeking to bring the project into production. Atlas Metals Group’s carrying value of its investment in LVG is £255,565

(2023: £255,565) at the year end 2024 and at current market price the value is approximately £458,000. Atlas Metals

Group was subject to a 1 year lock in." I misread the valuation date(april 2025 rather than end of 2024) but LVG has still risen significantly since then and if amg still have its investment it would be a good chunk of amg's current market cap. What I don't know is have LVG diluted in the last year.

Because its under 3%

No wonder the directors are buying if the LVG is worth a significant part of the market cap that leaves the Uranium project and RTO valued at about £1.5m. Do your own research but it is the most accurate info I can find.

The last value reported of amg's investment in LVG was £458K at the end of 2024 and LVG value has increase over 2 1/2 times since then ... if we still hold the same investment it could be over £1m... not sure if there has been any dilution in that period though.

Https://lakevictoriagold.com/news-releases-2026/ Have we still got a small interest in LVG ? They seem to be doing ok at present but nothing ever gets mentioned.

I would say frustrating rather than worrying and given the recent buys by directors we are not that far off.

Hopefully the raise will accelerate revenue but it does tell us there are no major deals anytime soon.

The middle east conflict seems to be hitting the markets today unfortunately.

Finnsbo seems to be on hold for the time being.

Shame HL is down today probably be a few wanting get in here.