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I'm just glad we've done a 4m raise before mre and PFS. The share price should be significantly higher for the next round of funding which would hopefully include a US bank like TIN.

These tungsten grades remain world class. Pull up a few from GMET, TUN, TIN etc etc.

You would hope it is oversubbed as they've offered a 40% discount on the previous day's price. Anyways if this funding can get the cash flowing in then it will be insignificant in the long run.

Has anyone kept up to date with the shares outstanding here now? There is another load of CLNs and now over 100m from this placing...puts total shares outsanding circa 1.5b?

Comparing sml to TUN or ALmonty is a little unfair, as others have pointed out, we are way earlier on the lassonde. This is more comparable to GMET with a MRE but yet to release their PFS I believe. They are currently over 300m market cap.

Putting blind faith into a poster on a public forum is pretty dumb tbh. You can't blame bamps for leaving if the results are indeed rubbish

Agreed. Tin and tun have limited upside. This Rns today just confirms we are looking at a much bigger resource. Confident this will be 100m by mre time

Fundraising at these levels will be catastrophic for existing shareholders. This was above 20m a few months ago....shareholders making excuses for management is pure cope at this stage. Pitch forks should be out

It's the reverse Ralphb indicator working again. Since he ramped this the price hasnt surpassed the peak 😂.

You'll be ok in the long run if they manage to get the mine up and running with positive cashflow without further dilutions. However management clearly cares very little about small retail holders so just need to be mindful going forward

Terrible price

Yeah I agree, hopefully raised at current share price and not at a discount. Probably looking at additional 200m shares for 40 to £50m? If it allows the mine to get operational then it is a plus.

Https://news.sky.com/story/london-listed-tungsten-miner-in-talks-about-50m-share-sale-13503345#:~:text=Tungsten%20West%2C%20which%20wants%20to,%C2%A340m%2C%20Sky%20News%20learns.&text=The%20Hemerdon%20mine%20in%20Devon%20has%20the%20Western%20world's%20largest%20tungsten%20deposit.

Good or bad?

One would hope that cash raise for 50 percent comes when share price is many multiples to current price. Lets see

Was about to say I've never seen Ralphb ramp a share before. Almost tempted to sell down here... 😂

I think there are some more clns outstanding at TUN.. Last time I calculated there will be over a billion shares oncd they worked through it all. Could be wrong.

I am just attracted to the upside here and now they've got the fundraising out the way it's a no brainer

Tun is already at over 500m if you account for all the new shares coming in. I see that as a potential 3 to 5 bagger.

The potential here is 10 to 20 bagger if all things work out so I'll be here until the facts change.

Didn't gwmo used to be a gold miner? Switching to tungsten because that's what is hot on the market right now?

I think the management has developed a bit of a reputation...didn't they

That fundraising was a genius move. Removed doubt of near term liquidity issues. Sets it up perfectly for the tungsten bull market.

Gold price has almost no correlation to share performance here. Good drill results are needed for explorers and right now they are going back to the drawing board.