We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
See the posts below Bhudda for extra details. However, 10p will close a gap on the daily. That same gap has been closed on the weekly @7p - which is being respected. This is expected price action, its not based on fundamentals. We might see 10p prior to the D&C EA MPF Permitting decision, but given price action I'm thinking perhaps not. Once the permit is issued , my expectation is straight to 10p then a drift higher until the new rev 3 FS is issued and the funding is secured. By year end my hope is that we'll be back up at the price levels seen in the Hallewell Surge.
Hi VIS - exchange rate risks are an issue, especially with the BRICS and the long foretold end of the dollar empire, but for now as you've observed that appears to be working in our favour, as well. If these overseas troubles intensify my initial response would be the importance of the asset will surely increase. If the troubles abate then global demand will increase. So another win-win. Looks too good to be true, at these prices. ATB
Hi there, was long time LSE poster back in Range Resource (oh lord) days and left when I left AIM investing. Been in TUN since launch. 50p start and averaged way down.
Wondered where you got your 10p from if that’s your fair value at current point before conversions end of year and EA indicating they are happy as long as public consultation passes? Or other.
Croissant
Perhaps also worth noting that the tungsten and tin prices are denoted in strengthening dollars and are rising, whilst our cost base is denoted in £.
😂😂 It's Mr Croissant. Pleased to meet you Mr Urban.😂😂
Glad to see you have a sense of humour, Urban. I prefer a lighter tone on the board. (Whispering: "Not every one does though, so beware.") And although tongue in cheek, the "Gawthorpe Gap" is being respected on the weekly, where we have closed that gap. That's why 7p is a temporary lid on the price action - you may have spotted this (although you might not have, cough, cough). My price expectation is 10p (and soon) which will close the GG on the daily chart.
VIS makes a very good observation, in that external geo-political risks might actually work in our favour. News of the seizure and sale of Russian assets by the US to dollar fund the Ukraine War, and the seemingly tit-for-tat and equally dodgy $500 million dollar seizure by Russia of JPMorgan assets, does indicate overseas investing is getting riskier.
Investors seeking safe havens might want to invest closer to home. Buy British might be in vogue again and soon. And aren't they floating the £25K British ISA???? Coincidence?
ATB
.. is reacting to the re-armament drive. TUN to benefit perhaps................
Hahahhahaha. Very funny my little French pastry.
As you say, there is always one. Just sayin’.
Oh dear - there's always one. If you cast your mind back, do you remember that little pudgy kid in the playground who couldn't quite keep up ...... just sayin'.
Valuation…..
No pressure😂😂
Ahhhhhh! The Gawthorpe gap!!!
I thought it was a technical term.😂
In fairness to me though New5, Croissant telling us to check ‘March 23’ was rather vague.
Anyhow, with it now thanks, but the fact he wanted to play games in trying to be clever puts him or her squarely into the pollock bracket.
Never mind.
Try looking at the right year!
Come on Croissant. Stop teasing.
RNS 28th….sp was 1.3p. Rose to 1.35p the following day, then started a significant rise circa 4th April.
We can see the charts. I simply don’t know what this Gawthorpe gap is and therefore can’t understand the significance.
Without that knowledge, your phrase ‘look for the price to close the Gawthorpe gap’ is meaningless.
Google et al ain’t helping.
Play nicely and gis’ a clue.
RNS dated 28th March 2023 - then check the price chart and see what happened next...
Croissant,
It ain’t ‘jumping out’ at me unfortunately.
Do you mean the RNS March 25th reference the EA?..(can’t see anything for the 23rd about an e/o?)
I am with Valuation on this…..wot the ‘eck is the GG?
@VIS - Check the RNS for the e/o March 23 then look at the price chart - should jump out at you . ATB
Just noticed the registered sell of 75000 was actually a buy. I feel this is misleading a lot of people looking to invest. How do they get away with it?!
The Gawthorpe gap? Please explain.
Look for the price to close the Gawthorpe Gap.
The aggregates business I think has the potential to exceed the returns we will see from the tin . This coupled with the price inflation we're seeing for these metal concentrates suggests that the prior NPV is now substantially under estimated.
All very positive stuff.
Looks to me the EA approval is imminent, and is already factored in the share price.
Https://markets.businessinsider.com/commodities/tin-price?op=1
The biggest expenditure they face in modifying and extending the plant is to do with sound mitigation - they mention holed baffles. I'm not 100% certain but have a look in the updated feasibility study - I think its mentioned in there. ATB
Thank you for your reply Croissant. I do feel the biggest issue in this case is going to be noise pollution. The way they're burning through funds will become an issue if this is prolonged further.
Https://www.gov.uk/government/news/final-consultation-on-permit-for-hemerdon-tungsten-mine
Ultimately, if following this consultation and the rejection of any subsequent appeals, the permit is refused or withdrawn, then yes its over. That will be the case for the lifetime of the project.
However, the EA are "minded" to grant the permit. So unless someone can convince them otherwise , the permit will get issued. This is a very positive development for the project. Any worthy objections raised in this final consultation phase might cause a delay. The company will get a chance to respond and if necessary accommodate changes to address these late stage concerns. All of that wrangling is going to go on after the submission deadline and might take some time to clear, so don't expect a quick decision after the 7th.
As per their own assessment the biggest risks the project faces are from permitting (soon to be addressed), funding (CLNs onboard till Jan 2025, and look at the recent director hires for broader financial market access) and macro-economic risks outside of their control (eg energy price spikes etc).
This looks very promising to me. Outside of geopolitical risks and government based policy lunacy I think this is a winner and I'm investing accordingly. This isn't investment advice its what I'm doing. So DYOR, because if you do you'll find a very interesting story which goes back quite a few years and you'll see that that rather large hole in the ground has cost some investors a great deal of money. Not for the faint hearted. ATB