Member Info for BB_hoppa

7.2

Zeus’ cousin at all, O/H?

English is not my first language but I know it good enough to understand “one day” can well be read negatively. Especially in a small-miner context.

Fyi I’m sitting on a very nice stake, which is entirely free. ☕️

Call me cynical - in the dog-eat-dog world of stonks these are unlikely to be “honest mistakes”. My read is there is wider consensus among the MMs to keep the SP from going parabolic.

From this morning's Zeus Update

"Zeus View: We should remember first that we are looking at a Scoping Study update and there are hard yards to make to take the project through the stages of Prefeasibility study, Feasibility study, Front-End Engineering and Design, funding and construction. That said, the work we have seen has been carried out to a very high standard and we remain convinced that the high-grade Redmoor project will be a mine one day. Today’s results on the new MRE are exceptional – bangfor-buck Strategic has made the most use of its cash resources and rescued a hidden project from its portfolio. With the £9.7m of new money raised in the past 2 months Redmoor looks set to make the next leap through the PFS. "

I can't shake my frustration at the use of "one day" there... An extremely poor choice of words.

Vicjain, agree everything except your timetable, which is waay too optimistic. The SP will go flat at a level and stay there until the next big development (years). Almost a cliche now on these BBs but the Lassonde Curve is real.

4.80 is the floor then, once the dust has settled.

I'm a keen buyer under that level. Will start with recuperating the 2m I sold on Monday.

While the loser-outers are busy puking their frustrations out, welcome to the new phase folks. Now we'll be talking PFS.

Short-termers, please sell and go away.

Short-termers who want to take something away from this experience: you were wrong because you didn't bother to read the posts with fewer upticks.

LTHs, excellent MRE! Congrats to all who got in at the right time and are holding. Much to talk, but later of course once the dust has settled.

No one knows how tomorrow's going to play out. For my part I'll just sit tight and wait for the MRE.

But please. Let's cut the pretense. EVERYONE here is a trader. You wouldn't be reading this if you weren't. For my part I have a chunk of free shares that I will HOLD, and I'm lucky enough to have dry powder to add more (relatively) cheaper when the opportunity arises. That said, if I'm wrong about my central case and the SP explodes to double-digits on outstanding MRE news, then of course I WILL sell into the mania. Of course I will trade!

For those interested, I repeat my scenario which I expect to play out tomorrow: I'm convinced we have seen the pre-big-news-peak at 6.25 on Monday. Upon the MRE RNS, we'll almost certainly see a brief spike to surpass that, say maybe 6.40? and then a sharp fall to 4.50-4.80 range, which was tested yesterday and found to be a support level.

Timing of the broker updates and their re-rate is the key now. Not The MRE update. If the MRE is just "good", then it is irrelevant to tomorrow's early-morning SP because a good MRE has been thoroughly priced-in. If you think otherwise, and have positioned as such, then you're likely mispositioned. A good MRE is the central scenario here. This I say by looking at the market's judgement (volumes and SP since Monday). I also assign a 5% for disappointing results, and a 25% for outstanding results. Again, the scenario I described is based on the 70% central case of "good MRE".

p.s. Today is the last trading day we're talking MRE. From tomorrow it's the PFS, potential tie-ins or even takeover, government reaction, funding, and so on... The road to production is long. Good luck all!

"14 million bought 5 million sold and the price drops" if this is true then it's turning into a typical HOLD situation. They will attack with renewed intensity tomorrow. If you believe in the fundamentals, hold. Hold and see the cards on Thursday.

London I fear we have, yes. there will be a brief attempt by the MMs to spur this on in the early-morning trading of the MRE RNS but there's an avalanche of sells waiting. MMs will fold quickly. A new kind of investor will then come (pros) and scoop those shares. I think the SP will settle in the 4.50-80 range. Have seen it before. Posted before about it, only got the numbers wrong. I hope I also get the scenario wrong but it's not looking good for those newbies who paid 6p for this.

I tried a 2m dummy buy at 4.80 but didn't get a quote. Then 1m again no quote, then for 500k I got 5p.

I would caution newbies here. If you think you may be moved by a certain post either way, do click on the name and look at what they said before. If you don't see hesitation or mistakes, if all you see is buy buy buy or sell sell sell with no regard to material developments then perhaps you should not follow that person's advice.

You're looking for posters who were swayed by developments and despite that got it right most of the time. That's someone just like you but with a lot mor experience in this particular share. That's who you should listen to.

T/I you're one of those dangerous types the gullible follow and then lose their shirt....

Yes Ralph. Sold some when others were greedy yesterday. Awaiting 4.20 and I'll get some more now.

And so are the stonks 🤷🏻‍♂️

Don’t want it to drop considering my stake but under 4p I’m a big buyer.

“if it goes up on MRE then there will be a stampede to cash out and the SP will fall”

The if is unnecessary in that sentence. What you just described is the central scenario atm. It’s things like last-minute private placements or large director buys that may swing this but very unlikely given the timetable. I think we have seen the pre-MRE peak this morning.

On the other hand, I’m sure Brokers have their models and write-ups ready. Feed in the MRE numbers and they’ll come out swinging. That’s when the SP will be decided IMO. Sell on MRE and you lose out.

Cute Supra, you're still buying the first round at the AGM though!

Sorry for the off-topic, folks.

@Supra3 , FYI I got in IAG at 3.40 as a contrarian move. Surely Brent's not going to stay at 100+ for a very long time. If it does, this is a good chance for the oil supply to adjust to the new normal. Anyway, I hesitated between IAG and Easy but ultimately went for the larger MCap. My target is £6 (broker consensus pre-Iran war was 5.77). So.

All very well and nice. This is still a long-term hold. For short-term SP gains we have two roadblocks which won't go away any time soon:

1) not covered by any large generalist broker (few AIM shares ever achieve that).

2) production timetable lightyears away from this year's bonus cheque for brokers / fund managers.

Anyone with a horizon shorter than 2 years, sell and leave this one to us LTHs.

Just sold 2m @6.03 to reduce my holding to the point where it's virtually free.

I've done so for several reasons:

- Volume today, although nicely high, is still low in relation to my holding. Even on an exceptional day like today I can't offload my shares in full.

- 6p presented an opportunity for me to take my initial off the table. Now I'm "Playing with the House Money".

- I may be wrong (hope I am) but the over-communicativeness of the board unsettles me. I posted on this before. They seem to have choreographed every move towards the highest possible SP impact.

- When others are greedy, run!