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SB considers GROC to be "hugely undervalued today", it is hard not to agree with him.
The video highlights the way Greenland is now being "put on the map", especially by the EU, which has opened an office in the capital, Nuuk, and which Ursula von der Leyen visited recently.
The EU's critical raw materials act has recently become law and GROC believes Amitsoq will be designated a "strategic project" under it.
A 500m euro fund of the European battery alliance should prove to be one form of EU support in the future.
At the PDAC conference in Toronto (nearly 30,000 attendees) GROC was invited by the South Korean government to participate in a meeting organised by the Mineral Security Partnership and was 1 of only 3 graphite companies to present.
... The Company is also in discussion with several significant potential international investors with regard to their participation in the Company's hydrogen storage project. (RNS of 01/02)
How are these discussions coming along?
... this critical phase of work ... will allow us to assess the overall gold grade in these never previously mined workings ..."
The probability that the gold at Clogau ran out because the price of gold made it uncommercial to mine is ... zero!
Great news that we are through the notification periods for the bulk sampling of our primary underground target (Lower Llechfraith) and at the Clogau Waste Tip, so we can now proceed with those exercises.
Alba Mineral Resources
@AlbaMinerals
1h
Alba Chairman: This is an exciting time as we move into this critical phase of work which will allow us to assess the overall gold grade in these never previously mined workings and confirm the economic feasibility of recommencing commercial mining from the UK’s largest gold mine
Alba Mineral Resources
@AlbaMinerals
1h
Our full press release this morning:
https://otp.tools.investis.com/clients/uk/alba_mineral_resources_plc/rns/regulatory-story.aspx?cid=2639&newsid=1802020
The RNS provides a full programme of expected work beginning next week, with the results of the first of the airborne surveys (Clogau) and continuing through to July/August.
It is likely to be a period rich in communications from the company, either via RNS or tweet.
Https://www.londonstockexchange.com/news-article/ANGS/board-changes/16389964
"This is an exciting time for all of us, Alba management, Alba shareholders and of course all of our many friends and supporters within the local communities in north Wales, especially around Bonttdu and Dolgellau, as we finally move into this critical phase of work at our primary underground gold target deep within the Lower Llechfraith workings, work which will allow us for the first time to assess the overall gold grade in those never previously mined workings and in turn enable us to confirm the economic feasibility of recommencing commercial mining operations from the UK's largest gold mine."
Can management get its market cap to gain some height?
If it can, then the market's concerns about funding will begin to be allayed and the downward spiral can reverse and turn upwards.
We are not there at the present time.
AimDogs,
Was simply citing last year's report to show that the auditors had already drawn attention to the "going concern" at the time.
Couldn't agree more, when you rely on the market to raise funds, your market cap determines how much you can raise and, therefore, what you can do.
This was in the Auditor's Report last year:
"Material uncertainty related to going concern
We draw attention to note 2b in the financial statements, which indicates that the Group will require additional funding in the coming twelve months to meet their ongoing cash requirements ...".
Last year it included the following sentence:
I am mindful that the Company must still provide itself with
near term cash flow so, consequently, was heartened by the
discovery of the light oil seep and the underlying Pinarova
shallow oil prospect in our Resan licence in Turkey ...
Short week, the only judgement is scheduled for Tuesday.
So the judgement will now be delivered after the Easter break. The Easter term begins on Tuesday, 09/04.
https://www.supremecourt.uk/news/future-judgments.html
I've read that China's central bank has been a major buyer of gold for many months, although nobody is sure of the exact figures.
In addition to the prospect of lower interest rates, there does seem to be concern about prospects for the $, for US debt and for the state of internal US politics (quite apart from the risk of sanctions for unfriendly regimes).