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That's over 100m over couple of days. It will take time to get 300m new shares worked through. We will then see which directiom the shares will go. In this current tungsten environment a rerate is overdue. No point of staring at the price daily. Let things fall into place and wait it out. The management is doing good so far.

You said it yourself Tman big rerate in 8 weeks when mre comes. Who knows the tungsten price maybe up by another 10 percent by then 😉. Just switch off from the daily price swings and you'll feel much better.

Good to be cautious but they should consider the macros as well.

China controls 90percent of global supply, under constant threat of war by Trump. They are very unlikely to lift restrictions even if they let other commodities loose a bit. Therefore I can only see tungsten prices going even further considering how long it takes for a viable mine to get online.....

Using 600usd to estimate value here seems a little silly....

Reassuring to know. Left behind? I'm not sure about that. Just allows the value hunters to load up a bit more at these levels 😁

Did Zeus use up to date tungsten prices? It's kind of doubled in the last year...

Short term Sells or buy doesn't interest me anymore. The potential is huge here. Look up Almonty and the share price trajectory in the past couple of years. It is currently in production, closing in on 5b CAD.

The grades here are much higher than their flagship Sangdong mine. They have 7.9 million tonnes at an average grade of 0.47% WO₃. With the potential tonnage, here do the maths...billions.

If that is possible, 2.5m sounds a steal. I would be happy with a cheeky fund raise when market cap is over 50m

Churning through the new shares nicely. This is still on hand break mode.

What can you say RalphyB you are stunning at predicting the next rally. You should create the Inverse Ralph index, bahaha

I don't like Africa as a jurisdiction. Grl is cheap though. Tungsten is more valuable than gold during war ;)

Ridiculous. Delisting incoming

Yeah leaving now seems a bit daft, especially since they've just done a fund raising..normally I would try and exit before the next one is announced...but anyway gla.

Bjet I'm in this and sml. Many legs to go on both. Gold and ammo during times of conflict is a no brainer :)

Easy solution to that, just double the target share price ;). Bid is looking good, once those new shares are gobbled up this is going to go nuts

No matter the action of US the UK needs to secure its tungsten supply. Trumpy sounds like he is about to dump Europe for Putin. The threat of war grows by the day.

GMET is half the grades here and already at over 300m without their PFS. They are unlikely to get mining until Trump leaves office. So I think 300m is a sensible baseline valuation once we put together our PFS.

The shares issue has been a gift, if they didn't issue shares before this news drop I would imagine price should be up by double digits on that news. The grades are stunning and we are in a tier 1 jurisdiction, not middle of Africa. Load up and sit back is a good plan.

Don't know about leaping today but those grades are world class. Once share overhang is through this will rerate hard.

Looks like the grades here are double to Guardian? Should be racing towards 370m now.

Just keeping this thread at the top so we can all laugh at Ralphy later 😂😂😂

Wow looks stunning. Hold onto your gats