Member Info for Yanis2005

Nobody cares? Or don’t know? If no care, why be here then?

OGA approval will conclude the funding and enable funds drawdown. Right now, is the only thing that matters.

I suppose George is waiting for the SP to collapse down there before he releases an update.

NS dated 13 April 2021

https://www.lse.co.uk/rns/ALBA/clogau-update-pitting-of-waste-rock-dump-commences-hvzds5eiz1gz02q.html

“Assuming normal processing times at our preferred external assay laboratory, we expect, therefore, to have a definitive answer on the gold-bearing potential of the waste rock dump by the middle of next month."

The middle of “next month” (I.e. May) has passed.

Where is the fecking RNS? Somebody wake George up please.

I don’t know about anything new, but better results than last year, and fully profitable by year end?

We should be getting a trading update early July and if it turns out as expected (no reason it shouldn’t be) current SP prices will look very cheap.

Sticky hands … I am accumulating.

TR-1 yesterday indicated that there are only between 50-60 million placing shares left. Once these are gone then we are free to go.

I don’t think it will happen, but if it drops near placing SP then more shares will move to sticky hands … mine.

Nobody knows?

The key funding condition now is OGA approval of the royalty agreement - do we know if this has been submitted to OGA and when?

Will this be considered along with the FDP, which presumably now needs to be resubmitted?

Elir, I agree in that North Wales is a keeper project and this is also GF’s intention. I just wish GF’s management of expectations and approach was different so that the SP is given a push up rather than a knock down.

The screw up with last years bulk samples is unforgivable - he is not making any attempts to rectify that.

ShouldveSold, No, I still believe is masochistic at this stage 0:)

Masochist?

Commercial quantities? Have you seen a single gramme yet? A milligramme? Somebody wake up George before the SP tanks.

Gold is certain for who? … where is the Alba gold? Have you seen any? I haven’t.

PS - large sell offs

These are down to the placing shares being very carefully sold. Still circa 60 million to go (TR-1 today).

Gulable, definitely, we are all entitled to our opinions. - I never implied otherwise.

Isn’t debate what this board is about?

The key funding condition now is OGA approval of the royalty agreement - do we know if this has been submitted to OGA and when?

And TR-1 just out — Monecor only has 64.3 million shares left (as of last Friday) — running out fast.

https://www.lse.co.uk/rns/CLON/tr-1-notification-of-major-holdings-q4eyeihc0hq04lw.html

ShouldveSold, From what I understand he is using some of the people that have previously worked in the mine (plus some new ones I guess).

From what I understand his plan is to carry on with the exploration (2 or 3 years?) and whilst he is doing that use the pilot plant to identify/confirm the targets. All gold found during the exploration, is Alba’s to sell and only pay 4% royalty fee.

This is why monetising the waste pits in the process is such a good proposition. The aim is to use the pilot plant during the exploration … and if proven commercial, will then move to full opening of the mine - this is my understanding.

ShouldveSold, GF never expressed any interest in doing a JV at Clogau (apart from a JV with a jeweller) - he wants to go it alone and he indicated so.

Going for proving veins (as many as possible) is in my opinion the wrong way to go about as in pursuing this the SP will collapse (I would have thought this is obvious to everybody by now).

He needs to do things that improve SP sentiment and keep the SP on the up. Showing gold or doing something to generate revenue whilst he is exploring and proving more veins is the way to go forward. The SP needs to increase before next placing occurs (because is not going to be the last one), but if another RNS comes out talking about veins … we by now know what will then happen to the SP.

News, Yes, you are right. So in essence, it confirms that these people are being political rather than technical and objective.

The fact is Bolivia needs money and Bolivia has vast lithium resources. Also a fact that the new president is an economist and already called for industrialisation of lithium and invited proposals for 51-49 JVs - one of these is CLON.

There is plenty of lithium there for many partnerships. A JV with CLON will significantly boost CLON MCap.

I’ll take anything that can boost the SP, but last presentation on Lidsey is Feb 2021, I don’t see a reference to funding or detailed plan.