Strip Tinning Share Discussion Threads

[sweepie2] 13/5/2015 09:51

Yep but this young lady claimed that she was employed by GMOW as a contractor specializing in charted accountancy in mine finance, still encouraging in my book
Don't believe any other companies share GMOW offices but you never know as lots do share office space

[12bn12bn] 13/5/2015 09:40

sweepie2
You do realise that all DL,NR, DS are in the same place and that I am sure they employ the right sort of young lady to answer all the phones, some even have the same number as the other companies.
Don't get sucked in by the voice and accent!

www.endole.co.uk/company-by-postcode/sw1y-6dn

[sweepie2] 13/5/2015 09:14

Just got through to GMOW, STG partners but what a waste of time, wouldn't tell me a thing, just referred me to Stellar but as I got speaking to the lady she opened up, a delightful lady called Chade from Perth in Australia, a chartered accountant specializing in mine finance who just started a week ago in London as a contractor for GMOW. that in itself doesn't sound like a company who has lost the licence, she has already met with DS in the week she has been here. Wouldn't tell me anything but WHY spend money on a finance person if there is no licence, wouldn't make sense

[sweepie2] 13/5/2015 08:09

To be fair a RNS can be lodged 48 hours before release though I'm not suggesting that is the case here but price hasn't been moved back down so who knows

[sweepie2] 12/5/2015 22:57

Then you woke up LOL

[hmv001] 12/5/2015 22:30

good news on gold will be a pleasant surprise and one may be looking at a 10 bagger here considering none seems to be bullish on that front. Lets hope for that sparkling RNS flashing tomorrow morning and make the day truly golden. GLA

[12bn12bn] 11/5/2015 12:10

bit like football, no "givens" in this game

[hmv001] 11/5/2015 11:43

Allegedly, the licence on the gold has been renewed!!! After all the time and money spent the renewal should be a "given".

[12bn12bn] 11/5/2015 07:39

Shame they are still using words such as "estimated" and "should not be construed as recoverable resources or reserves".


The gross Upper Portland STOIIP ranges estimated by Xodus are as per the table below:

Oil in place hydrocarbon volumes (STOIIP) should not be construed as recoverable resources or reserves. Meaningful estimates of recoverable oil within the Upper Portland can best be made following the proposed HH-1 flow test (see below) and a significant proportion of the STOIIP will not be recovered during any future production.

[12bn12bn] 08/5/2015 13:10

s-media-cache-ak0.pinimg.com/originals/b0/d9/6e/b0d96e0641d94bb7616f3227a96524ef.jpg

tiny wedding band that looks like any other gold; probably because it is apart from a very very very small bit of welsh gold in it. So small they are embarrassed to say how much!

[mega_trader] 30/4/2015 14:31

Stig,better geo-scanning 2d/3d and computer analysis can pinpoint where the hot spots are, thus reduced effort to extract. Things have moved on since the 80s and 1880s!

Besides all these royal babies keep popping out, they need all the gold they can get!

The "Licence To Drill" is on the way, you know it and I know it. So close your short before your "Gold Fingers" get burnt.

[big7ime] 29/4/2015 18:28

It's not as liquid as Ukog, a tiny mkt cap so tiny trades can move it. Place a dummy trade
Will fly on confirmation oil in commercial quantity

[the stigologist] 29/4/2015 18:24

mug punters like sweepie still ramping the dead gold story

mineng 20 May'13 - 12:24 - 2682 of 2707 5 3

sweepie
I do have a little knowledge of this area but my comments are not advice.

IMHO One of the major issues of the Clogau and Gwyn deposits is that they are such high nugget variance that it is extremely difficult to assess whether a profit will be made on working a particular panel. Grab samples mean very little.
I would expect bank finance to be out because enumerating a mining reserve is somewhat difficult. Under these circumstances, mining can be more a lottery than a business.
It was explained to me like finding raisins in a pudding : you have to eat the pudding to find where they were, if at all.

I don't believe that Gwynfynydd is mothballed by any reasonable definition of that term. I am told the lower two adits are sealed by concrete dams and the lower part of the mine is flooded. Both upper parts and lower parts have been used for tailings storage. Apart from the drifts there is no meaningful infra-structure. Re-opening would involve dealing with a large quantity of ochre (oxidised iron rich sediment) amongst other issues.

Re-opening Clogau is not an easy task too IMHO. There are difficulties siting any reasonable sized tailings dump outside and it sits uncomfortably above the Mawddach, which is a Salmon river. Even getting planning permission to build the processing plant where it was twenty years ago will not be a given. I suggest it may be best put underground, as the Gwynfynydd one was.

To say the area is under-explored is, I believe, stretching the truth. Those veins that are mineralised, generally outcrop because they are vertically continuous. They often stand as relief on the hillsides because they are harder. The veins that contain nuggety gold do so mainly in the Clogau shale formation and less so above that in the Vigra flags. The Gamlan series that underlies the Clogau shale is universally barren. This information is common knowledge (at least to those that look for it). The Harlech dome and Gamlan, Clogau and Vigra formations have been well mapped and crawled over for generations. The hillsides are punctured with trial levels, most of which came to nothing.

I believe the major reason why gold production from the Dolgellau belt has been historically low is that it is just damned difficult to find. Sure it is there but where? Traditional and modern exploration techniques actually help very little in this particular circumstance.

It would be great to see these mines open but if they do I don't think they will be as true working mines. Regrettably history and geology suggest that if they do open as just mines they may not survive.

Probably not what you wanted to hear but my honest reasoned opinion, for what it is worth.

[c31161] 29/4/2015 18:21

How easy is to buy these shares for example can you buy or sell say £10k worth of these with ease

[big7ime] 29/4/2015 10:03

All buys today

STG most undervalued of the HH bunch

[sweepie2] 28/4/2015 12:32

Expecting the gold licence this week or first thing next week, will probably sell a few as we will be up to date with news flow then.
I have also been told that an operational update will be released around the same time