Member Info for bigbadbob79

Not sure about cup and handles etc. Mulling a top up here having averaged down and now nicely in profit. I think we might see resistance around 135p, but if we breach that it's game on for a rerate IMV.

Penstock. Yes I was incorrect about the double shift, must have changed since the Roast interview.
I honestly didn't hear Adam say first train on 23rd in the Proactive interview - he said might be later this month but could be early June. Of course I'll be delighted if it's Monday, but that isn't what he said - he said they are ready to load and "we could, eg, load one on 23rd, one on 24th etc". More a "we're ready as soon as the train pulls in", not "the train is arriving Monday" statement.
No need to top up below 80p when I bought below 20p. Already a multibagger for me ;).
Hahaha, yes CGO is a dog. I should short it.

Can't see this ever catching on for cars. It's massively more expensive than rapid charging. Think about it, you go from 1 battery per car to several batteries per car. Those batteries have to be paid for somehow, and ultimately that's going to fall on car owners.
Then you have huge infrastructure to do the swaps and still have to provide the juice to charge the swapped batteries.

Seems like a lot of hassle when you can just provide relatively cheap rapid charging infrastructure. 250+ miles range is rapidly becoming the norm and within 5 years or so I expect 300kW charge rates will also become the norm. 15 to 20 minutes to charge whilst you have a coffee and a pee seems OK to me?

There's no revenue unless you actually sell the stuff.

Ah the Proactive interview - missed that as was out of the office yesterday. TBF he didn't say starting Monday - he merely said that they would be able to load next week if the train were sent. What he said was that there's a ship due to dock in June, and the trains will be organised to match - a few days before would be my expectation..
He reiterated that he would post photos when the train arrives "early next month" (though the last word of his sentence was clipped, I'm pretty sure he said month, not week).
Anyway, seems all on track so to speak!

Penstock, where have you got the "3 rail shipments booked for this month starting Monday" from?

"Be all and end all is that coal will be shipped out by rail this month"
I hope that's right, but it's exactly what was being said a month ago.

You are wrong about the double shift. the CEO clearly said it's single shift, and potential double shifting will be after the 2nd HWM comes into play.

I get what you're saying Penstock, but there are some inaccuracies/glossing over in your post.
The first train was supposed to go in April. Clearly there is a delay of some sort.
No way was there 30,000te stockpiled in that video. I know what 30,000te looks like and it's a lot bigger than that heap. There was perhaps 5-10,000te visible (not saying there wasn't more off-camera or that it's a problem/issue).
The HWM is NOT double shifted at present. Adam clearly stated they will bring the 2nd HWM into service, and then later start double shifting. This doesn't make much sense to me, but that's what the CEO said.
We don't know what price has been achieved with Integrity. Given the relationship between Integrity/MBU/Ben it may not be as close to market price as we hope/imagine.

There's a lot of biased positivity on this board. It's important to consider the the other side of the coin. The continued delay makes me concerned, and there is some opacity to revenue etc which hopefully get resolved in June as you say.

That doesn't make much sense IMHO. You get your product to the port before the ship arrives, then load the ship. Otherwise you delay the ship departing and end up paying demurrage charges.
Ship charter is always based upon loading/unloading commencing at at agreed time and at a minimum rate. You fail to complete in the stated time, you get hit with demurrage. Storing stuff dockside for a few days or weeks is pennies in comparison to demurrage. There's absolutely no way Integrity would wait until the ship was about to dock before organising the train, too much that could go wrong (stuff unconnected to Ben, perhaps the loco breaks down) and hit them with a big bill.

We should have heard something by the end of April. This continued delay concerns me. The rail line might be fully signed off (though the company hasn't actually RNS that), but perhaps there's some other issue? Maybe the loadout facility is still being worked on?
Given Integrity are apparently desperate for the product, and the rail line is apparently complete, there must be some other issue preventing trains from loading up.

Agree. I don't think tin price will pick up until China ditch their covid lockdown strategy though. Really gutting to see a big profit completely wiped out so quickly in such a short period of time. It'll grind back up at some point but I see no buy signals so it's either sell out or sit tight for now IMHO.

Also contemplating a top up here, looks like the sort of level we should bounce from.

Indeed Amin. Do I wish I'd sat on my hands? Yes.
If I hadn't sold Monday would I have been more inclined to top up yesterday? Not sure, might have just sold lower.
Do I wish I'd bought yesterday? You betcha! But we can only do what we think is right at the time.

I'll sit it out here for the time being. No point buying back higher 2 days after selling (I've made that error before!)

I bought 18p and was sitting on free shares having derisked on the way up. I sold for 82p on Monday.

Turns out that probably wasn't the best decision, but my view probably clouded by the tanking share price, and not wanting to see yet more profit evaporate from my portfolio given wider market malaise past couple of weeks.
I confess I am surprised at the swiftness of the bounceback from yesterday mornings plunge to 60p - even though I believe the fundamentals here are sound, the market is jittery at the moment. I did think about buying the dip but was worried as always about grabbing a falling knife. Well done to those who bought yesterday AM.

So I both got it right buying at 18p and perhaps got it wrong selling this week. C'est la vie.

Total nonsense.
The coal is there and they've had some income for a few months now. The big bucks come when the trains start rolling, and that seems to be a little delayed but will come at some point.

No need to be so defensive pash. We all have our own thoughts and strategies. I may well reinvest here if it looks favourable.
News of a train leaving would likely push the SP up towards ATH again. To kick on after that will need financials and actual production volumes.
Hints in some of the videos about permitting, unclear how much of the property is permitted right now. Adam has hinted in the past that cash will be needed for permitting, exploration and development. There are still a lot of unknowns here.
I was pleasantly surprised we got to a quid, 82p with sentiment dropping away felt right for me to crystallise my gains at that point.
Right now, looking at the chart I wouldn't buy. When I see fundamentals and a chart that looks like a good set up I may buy in again. That might be at a higher or a lower price than today's close.

I try to consider both the bull and bear case before buying, serves me well.

Agree Dartron. I sold yesterday morning as I was unnerved by the rail delays and thought the podcast underwhelming. I thought about buying back this morning but I'm not a good enough trader to know if I'm grabbing a falling knife.
I think I'll leave it for a few days at least, but the daily chart does say bearish at the moment. If the ship sails without me I've still made a handsome profit from 18p to 82p. No point risking it when the technicals are flashing warnings.

I sold the remainder of my holding yesterday morning at 82p. Have been uncomfortable with the rail delays for some time now. We are well into May and still no train. The Roast thing was the final straw - those two "presenters" are absolutely clueless and Adam came across as uncertain WRT to timescales. As with CGO, I suspected the podcast provided nothing more than an opportunity for the CEO to shoot himself in the foot, as so it came to pass.
I wasn't happy with 82p given we'd been over £1 a couple of weeks back, but I'd be even less happy today.

Will keep an eye on this, I have a level I'd buy back at if the sentiment/price action moves to the upside.

Those Sunday Roast guys should take up another hobby.

Where are these videos? I keep hearing them referred to but they aren't on the company website.

Sunday Roast guys are idiots and unlistenable IMO. Just two enthusiastic rampers who don't even think to ask about downside risk. Agree AW would be better off doing interviews with a more professional outfit.

I am concerned that we haven't heard any confirmation that he railway line is operational or that product is now being despatched by train.