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I see one analyst is saying “gold mining stocks “ are top picks . Gold forecast to go to $2000 and upwards in next year or so .
I hope the Company are not taking the p1ss to put it quite bluntly. Historically some of their decision seem to be rather confusing - I completely agree with you. Currently, the next steps seem relatively straightforward from this very moment. Gold to find fluorspar. And we need to know what has been going on with MB in particular.
The possehl RNS included the statement saying they’d find near to producing projects. MB must not be near to producing. I have no other ideas and like you it doesn’t make sense.
Mismanagement or an intentional scam are always possibilities and not pushing harder on MB is a strange one. I just offered a possible explanation why.
I’ve tried to learn everything I can and I can see they’ve struggled in the past.
Just speak to me properly please.
Sorry that was supposed to say hasn't done a lot over the years
I've been on many boards for many years. Yes the usual rubbish boom and wouldn't want to be out of this for the weekend code 1 etc. That's the usual noise you get but on here the slating seems a bit harsh. Yes we know TYM has done a lot over the year with the other projects but let's just look at this little bit for a couple of weeks we have some investment, talk of the drill and results on a quick turn around. This could be an opportunity to make a bit of money short term
The time to get in is now.. afterwards it will be NT to buy when everyone races to grab some & you will be left out.. always a trade on here.. buy now..Hold until 0.5p then at least you’ve close to a bag on the cards.. if drilling results are good .. then wat h it Fly to 2p
Tdt
Accusing me of being disingenuous or naive I’m not discounting your negative views, I’m simply offering up potential explanations. How have I written off what you have said?
Glass half full and glass empty approach. Until tym make any money you will slate them. That is the bottom line. I’ve not been stung and am less inclined to bring doom and gloom as I’ve more recently invested.
You are seriously draining with you pedantry and insistence on some sort of character assassination. I see the risks you fool, I also see the potential. Unbelievably, that can be posssible.
Tuda
You say that it is just “slate, slate, slate” this share.
I can only imagine that you haven’t been reading this board much lately?
Just watch and see what happens if they SP goes up 10%. Suddenly it’s all “rocket to the moon, boys”, “massive re-rate coming”, “code 1”, “20 bagger, easy”, “JV with Hecla” blah, blah, blah.
Oh, and don’t forget “BOOM!”
Any share relating to gold is currently highly attractive, gamble or not. There aren't many glimmers of light just now, but gold is up circa 9% since covid appeared on the scene. Personally I don't blame anyone from taking a punt on something that is on the up, be it PI or the PMC Group. We'll know more in 2 weeks, in-between times I suspect people will start taking positions here,there will come a day when you're either in or out. I'm locked in now for outcome either way. Good luck all and stay healthy
I couldn’t give a monkeys on their past . The bottom line is if they make money onTYM then so will I . That’s the only reason I’m here . Them putting that much money just makes me a bit more at ease with my investment. Each to his own .
So you don’t know anything about them then, Brightspark?
Who they are?
Who they are owned by?
Their past investments history?
The way they operate?
Are they likely to be selling into any rise?
Have they seen that they can make money here on the hype alone?
You haven’t wondered about any of these things?
Well said Tuda!!
Well it's bloody annoying. Just let the thing ride out see what happens. I don't normally post but come on it's just slate slate slate this share. They got some investment which is great let's see if the gold punt pulls off. It's a gamble but we are all gambling on here
All i need to know is they have just put up £600k on this tad pole of a company. But the biggest thing for me is they don’t make any money unless the price goes up from these levels . That suits me fine . But I don’t know your buy in price and there probably lies your problem. If you believe it’s as bad a company as you make out , just move on . Otherwise your losses are only going to get bigger if things turn out as your preaching . I’m happy to stay .
LADIES, please please!!!
Listen to yourselves, with all that's going on..... please show a modicum of respect for each other some of you on here are acting like school children!! unless ??
Well how about you tell us why a company would invest 600k when it's going to flop.
Ok Brightspark, tell me everything you know about Precious Metals Capital Group please.
Thanks
I’m sure that will get their eyes open !
Maybe you should copy your last post to precious metals . I’m sure they will be glad to know they have just thrown away £600k!!!
TDT
Good post and I agree with all those points.
People who were lured here by the mention of drilling for gold and have been banging on about what a great company this is, really do need to open their eyes.
I think MB is an expensive project needing lots of work and raising the kind of cash it needs all at once at these terrible prices was seriously a terrible idea. However, they’ve managed to get £600k from an ii with a view to securing the same again next year if needed with the presentation of some sort of compelling plan/strategy/asset-potential description to the ii. iis as we know are no fools and will have, I’d expect, done detailed dd on the set up at tym and asked the appropriate questions of the projection positions, potential and timescales.
It’s healthy to be cynical, I get it and there are plenty of questions regarding who’s gone on particularly Over the last 18months.
But these risks all form part of the package and need to be balanced against the low mcap, asset potentials that we know of and overall this price for me is bargain territory. I wouldn’t put my life savings on it but as things are progressing for me it’s worth a solid punt - which I have made.
There are many potential pitfalls on the way to success and specifically on this project. So hopefully we tick them off and deliver the imminent tasks in hand... namely a drill for gold! If they keep us informed and manage the cash position we’ll enough we have funding to take us to a profit.
Hopefully we get a good update by the end of the month and we’ll have less and less to moan about.
MB has been deemed to be not commercially viable in my opinion. They won’t tell us that, of course.
Storuman is in limbo and nobody knows if or when that will get approved.
Pyramid is a total punt. A real long shot. More than likely it will be a dud. It makes no sense that little old TYM could steal anything of value from right underneath the noses of the US miners. No chance.
What it does do though, is generate enough interest to suck in investors in order to keep paying the salaries. I have long suspected that this is now a ‘lifestyle’ business.
This is why a lot of things here do not make sense.
As I’m sure you’re referring the RNS refers to the partnering company providing pre funding for fluorspar project work. I see the specific sentence referring to the Co. providing pre-funding and ongoing funding for “any of the near-term revenue generating fluorspar acquisition targets”.
If you refer to the 21 Feb 2019 RNS Clemmey comments:
“ Whilst we continue with our strategy of reviewing project acquisition opportunities potentially capable of generating revenue and profits in a shorter timescale, we have also expanded our scope to include earlier stage projects which can be developed organically”.
Suggesting that the different projects need different levels of work to reach production. Paymaster being one of the longer term.
basically I wonder whether the MB project is or was ever classified as a shorter term to generating profit timescale project or not. Clearly it wasn’t by the time 2019 was reached as they couldn’t raise any funding for it but maybe they thought it was when they took it on?
The 2019 report states that more drill work might be needed after the metallurgic work so it clearly isn’t short term.
Exactly, iron pyrite would prob push us up over a penny :-)
Given the mkt cap, half a bucket of gold would pop it open.