The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I use the share centre, I simply went into account details and clicked on allow proxy vote and ticked yes, so the nominee should then automatically vote for me in favour of any board votes required now and in the future. You can always go back and change this.
previous post intended for APR
is this the link you wanted? it mentions cash in the last 2 mins approx
https://www.proactiveinvestors.co.uk/companies/amp/news/937061?__twitter_impression=true
Hi, brain dead today,
1,000,000 troy ounces = 31, 100,000 grams (31.1 grams = 1 troy ounce )
So 31,000,000 grams would be approx 31, 100 KG
Using a price of Gold @ £1,400.00 per troy oz
So 31KG of pure Gold @ £1,400.00oz would be £1.4b
I was also trying to work out a weekly income and mixed the figs up.
scrap that last post, getting my figs mixed up Dohhh
My maths shows,
1,000,000 troy ounces = 31, 100,000 grams (31.1 grams = 1 troy ounce )
So 31,000,000 grams would be approx 31KG
Using a price of Gold @ £1,400.00 per troy oz
So 31KG of pure Gold @ £1,400.00oz would be £1.4m
If we have a 50/50 mix of silver to gold in the dore bars and we produce 0.6KG per week that would give us somewhere around £800,000 per annum before costs (approximately adding in the silver credit )
Of course, at this stage, we do not know how much production we will receive or the costs.
Made two x 200k top-ups today, this is the calm before the storm. Market cap of £7m of which £2m is cash, A Jorc for Copper and the potential to extract a lot of gold and silver from a really good portfolio of assets in a known area for precious metals, INCREDIBLE I mean it's not as if there may or may not be gold and silver, we know there is! also we are starting small scale production soon as well from the spoil heaps. This share has been missed or ignored maybe from past history? but this is now not then and the team seem to have their priorities about right imo.
copied from advfn
3 Gold Stocks to Watch in 2021
Stockopedia. Yesterday 6:37 pm by Elias Jones
There are many gold related stocks or funds which are appealing, however I have picked 3 which I believe will result from their current share price in a good capital gain being made during 2021.
Conroy Gold and Natural Resources
Ticker (LON: CGNR)
Shares: 32m
Share Price: 42p
Market Cap: £13.5m
Conroy Gold is a wild card that for me could well be the surprise package of 2021. Once the JV agreement with Anglo Asian Mining is completed this will immediately kick off a high impact work programme, Anglo Asian Mining have exercised their warrants and are now on the share register following the HoT.
The Joint Venture’s goal is the development of a gold mine and further exploration and development of a series of gold targets along the 40 mile district scale gold trend that Conroy Gold has discovered in the Longford-Down Massif in Ireland, the work programme is fully funded by Anglo to earn their share. Conroy indicate potential signs of similarities to Fosterville, if results of the exploration support this further then this could be a special situation.
Conroy have a JORC estimated resource of 320,000 Oz Au Indicated, 197,000 Oz Au Inferred (517,000 Oz Au) at an overall grade of 2 g/t Au which has been established on a fraction of one of the gold target areas, Clontibret. The JV includes Clontibret and Glenish in County Monaghan, Clay Lake in County Armagh and Slieve Glah in County Cavan.
There’ll be an initial 18 month exploration phase during which infill and resource drilling will be undertaken under a tight schedule, the potential here is substantial with upwards of 8m oz of gold being banded.
You only have to look at Greatland Gold (LON:GGP) who sit on a market cap of £1.5billion to see what could happen in this space. Conroy Gold with its very experienced and credible partner could well be a surprise package this year with a high impact programme and a low share issue, hence why this is a potential special situation in my opinion.
Disclosure: The Author holds shares in Anglo Asian Mining (LON:AAZ) Conroy Gold And Natural Resources (LON:CGNR) Empire Metals (LON:EEE)
Well, that explains why the share could not get through 0.24p on the 29th, If that has cleared the log jam this could really motor on good gold pour news imo.
Little ALBA has a lot more to offer:
Inglefield Land Snapshot
Extensive historic exploration, reporting cobalt, copper, gold, vanadium and nickel
Potential for copper-zinc volcanogenic massive sulphide (“VMS”), porphyry copper and iron oxide-copper-gold (“IOCG”) style deposits
2018 field programme confirmed copper-gold potential
Located in the same region in north-west Greenland as Alba's Thule Black Sands and Melville Bay projects – with resulting logistical benefits and savings.
Alba’s evaluation of the historical data set has resulted in the generation of some high priority targets at Inglefield Land, including:
Martome Fjord – Cu-Au target with >1% Cu and 1.6 g/t Au from rock chip samples
Marble East – Ni-Co target with 0.16% Co and 0.2% Ni from rock chip samples
Marble Lake – strong Cu-Au anomaly from rock chip samples returning grades >1% Cu and up to 1.7 g/t Au
Four Finger Lake – Cu-Au and Cu-Pb-Zn-Au anomaly from rock chip and soil samples including 1.8 g/t Au, 0.24% Cu
Alba’s 2018 field work revealed copper-gold-silver-molybdenum mineralisation at Four Finger Lake over a 500m zone, with copper grades up to 0.18%, gold grades up to 0.36 g/t, silver grades up to 13.4 g/t and molybdenum grades up to 0.113%.
In 2019 Alba commissioned a full geophysical data review from South African consultants TECT and XPotential which confirmed the prospectivity of the Four Finger target for IOCG (iron ore-copper-gold).
http://albamineralresources.com/page.php?pID=63
hTtps://walbrookpr.com/docs/librariesprovider48/default-document-library/investors/gwmo-2-page-company-summary-(04.12.20)-v2.pdf
taken from above.
Great Western Mining (AIM:GWMO/Euronext Growth 8-GW) is focused on accelerating exploitation of its gold and silver prospects in the U.S. state of Nevada, where an active exploration and development programme is under way. Its gold exploration target currently ranges from 0.50 million to 1.50 million ounces from multiple prospects and a project is being developed to produce commercial quantities of gold from numerous spoil heaps. In addition to precious metals, the Company has established a world class JORCcompliant Inferred Resource of 4.3 million tonnes of 0.45% copper, which underpins the longer-term potential provided by the Company’s portfolio of assets.
The Company is prioritising the exploration of gold and silver on existing licensed acreage to establish a commercial resource with a view to achieving early gold sales as it exploits its portfolio of properties.
Initial production plans are focused on numerous spoil heaps around the Mineral Jackpot area. The Mineral Jackpot target itself indicates the presence of mineralised sheeted quartz veins in host granite,
prospective for narrow vein, high grade precious metals. This is a highly prospective region - with sampling of veins in former workings returning high grade gold samples including 19.1, 27.4 &
95.6 grams/tonne. The Mineral Jackpot cluster comprises five closely-linked old gold mine workings. Rich spoil heaps will be processed for gold and silver, aiming to produce precious metals for sale.
In addition to working towards first commercial production from spoil heap recovery, the Company is funded to deliver a significant drilling programme in 2021. Candidates for drilling are:
• Olympic Gold Project: Drilling at the Trafalgar Hills
Prospect (together with IP survey over the OMCO Mine
extension)
• Rock House Group: Drilling at the Southern Alteration Zone
prospect
• Mineral Jackpot: Drilling at the Bass Mine prospect
Further evaluation will be carried out over a short-list of new
opportunities for gold and silver in Nevada
With planned small scale production, no debt and funding in place to continue its drilling programme, 2021 could be a significant year for the GWMO. Importantly, GWMO provides investors with exposure to a company poised for a positive re-rating as it commences gold sales or it becomes a low-cost target for other operating companies looking to add to their resources within low-risk territories.
Investment Case..........
• Highly prospective tenements
• Low–Risk environment in US
• Near term gold production
• Large upside potential
• Fully funded 2021 drilling programme
September presentation http://www.greatwesternmining.com/file-manager/presentations/september-corporate-presentation-071020-1630.pdf
I thought they were looking for a partner, from their September presentation, "Develop substantial copper potential through introducing new industry partners with access to technology and large scale finance"
Alba Mineral Resources (ALBA) pushed up 5% higher in the wake of the previous session’s news from the company that the first phase of the Company’s underground drilling program at the Clogau-St David’s Gold Mine has intersected what is believed to be the westerly extension to the Clogau Main Lode. Wales Online described the news as the most significant discovery in “decades.”
When share backlog clears, which must be close now I see a steady rise in prospect, those bulk sample results could just light the fire here.
Regarding H.H. I believe GF said it was not a key asset simply an investment that will at some point be sold. The book price to ALBA is around £5million for their stake which is just a tad under 12% H.H.1 has recently been in maintenance, re-entering, fitting larger pump and at a lower level all in the hope of increasing bopd, lets hope they get lucky, they may well do! and an update can not be far off there. If the update comes good we could perhaps see our stake sold on yes, please!! we also hold a 5% stake in Angus Energy another oiler, however, that does not seem worth much. Alba really needs to stick to what it does the best Mining.
Hi, the only reason acceptable for share suspension in my opinion would be a big news leak suddenly moving the share price. Suspending, under those circumstances, would lock you in or out as the case may be, but would, under those circumstances, be the correct thing to do.
I have a really warm feeling about Clogau, I love Wales, my wife and I have a caravan on Anglesey on a season pitch and so often travel in the Snowdonia area.
I feel pretty certain that more gold will be found in the mine as it was only mined using sight alone, modern techniques are now starting to find gold in areas that were undiscovered by the old-timers' worldwide! and our little Clogau is surely no different, cant wait to see the results from the bulk sampling but MORE importantly, will be when we start drilling areas not discovered in the Dolgellau Gold Belt, now that is when this could get REALLY exciting. fingers xd.
Hi, and yes I love the fact that ALBA`s gold mine is on SAFE home ground, CGNR Conroy Gold is another safe bet in Ireland, potential 8m ozs very low market cap off most peoples radar just over 30m shares in issue, is about to sign JV with AAZ. dyor
aprogerson, Hi, as a new shareholder I welcome that information, thank you.
So, Alba gets rid of its credit line, what does this mean? Well we know cash will be needed at some point within the next 12 months I should think, for preparations to open the mine, and, to push on with the other mining projects. The recent cash raise plus warrants when they are triggered will do nicely for now so no panic short term. We also know that the oil assets are surplus to ALBA as a mining company, is there a deal coming up for the sale of our UKOG stake? I wonder because you don't just cut off your cash supply without a good backup plan especially in these markets where cash can be a problem to raise, just at a time when you may need it. The other option is a placing at a later date, I know which option I want to see even if it is only a small premium above the investment cost, I think UKOG stands at just over £5m cost to ALBA
High grade gold has been found in previously untapped areas of the Welsh mountainside.
Exploration company Alba, which owns the licence rights to 41sq miles of land in Gwynedd - known as the Dolgellau Gold Belt - announced the discovery earlier this week.
The firm added that the anomalies had been uncovered in soil which lies well away from its existing excavation area and the historic Clogau mine in neighbouring Bontddu.
What is more, it was revealed that their findings contain an even better grade of gold than that previously retrieved from either site.
full article....
hTtps://www.walesonline.co.uk/news/wales-news/high-grade-gold-found-previously-1635279T