George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
AimDogs,
The only director on a significant salary is SS.
It would certainly be a gesture appreciated by PIs if SS was to reduce his salary or, at least, reduce the fixed element and build in a variable element related to the share price performance.
Yesterday, $2,050 was being described as a resistance level: we're through it this morning:
https://www.kitco.com/price/precious-metals/gold
To round off my post of 10:12:
in the long term, believe Portland is looking very promising: "The Company is also in discussion with several significant potential international investors with regard to their participation in the Company's hydrogen storage project" (the capital reorganisation RNS of 01/02)
Of their 4 principal projects, it is Loxley where I believe they need to find a partner for a significant percentage without further ado.
"An Informed Investor will look at the KII ...". I haven't understood.
In the very short term, think the share has been caught up in a downward spiral and has overshot.
In the short/medium term, believe management need to focus on cash generation (HH, Turkey) but an appropriate strategy requires the Supreme court to deliver its judgement.
1:10 (in answer to Ongold's post of 07:34).
The GM resolutions will enable UKOG to raise more funds from the market but, fundamentally, change very little.
For a company reliant upon the market for funds, what matters is its market cap and, in theory, by itself, the GM will make no difference to the market cap.
Imho, it needs the Supreme court to deliver its judgement in the Finch v Surrey CC case. Only then will management be in possession of the necessary information to finalise a strategy.