Member Info for billy3

I'm here because I am invested and can see long term potential.

I just don't subscribe to 'this will be 10p by Friday or £1 by year end' which is pure hype.

I'm interested in tangible news and fact as opposed to MMs shaking the tree and MMs want your shares blah blah blah.

Has anyone got revenue forecasts or are we just happy to assume they will get 1% of the whole MOD defence budget as has been used to base projections ?

Carrie...very grown up.

Just goes to show that all you want to hear is good news.

Everyone is entitled to their opinion and a balanced discussion is important.

Anyone who posts anything that is not positive here gets slagged off.

I wonder if the people who bought at 2p today and can now sell for 1.5p feel the same ?

260,000 tonnes per year x 10 years x price per tonne

I also did some sums for the sale to Yara and we are taking about 3/4 billion !!!

Thanks AllanS55 lol :-)

To be fair it's about 95% ramping on here so if I'm deramping, then I'm way outnumbered :-) !!!!

I'm just cautious. Been bitten many times.

Someone also mentioned earlier.....no RNS has ever included any indication of actual revenue numbers.

Just say it's classified each time. Maybe so, but doesn't help make an investment decision.

There will be a lot of profit takers and quite right after the big rise and for those who bought way lower.

It's just sill that every time it drops you get cries of 'weak sellers' and 'how stupid can they be'. 'Market makers want your shares' lol

Many people make money on up and down movement. Including me.

I suspect this will close below open price and without news this week won't close above 2p.

Many new retail investors will buy in and bigger holders will cash in on that.

Could be wrong but time will tell.

A totally positive BB isn't always a good thing. Longest I've held this so far is 2 days :-)

‘Strong Buy

Short of stock nowToday 08:24

They are in serious trouble, stock been tightly held now. No free float available. They need sellers badly. Could easily see 100% today as the news is spreading very quickly now.”

This is the ramping I’m talking about.

Lol. In serious trouble ? No free float ?

Price has dropped back to 1.7/1.85 from 2p already.

Why the hype ? Calm down lol.

This BB reminds me of how it was back in the 90s with the ‘hold on tight MM’s want your shares……this is going to the moon…..£1 by Christmas …..then anyone who posts anything remotely sensible suggesting caution is accused of having sold and wanting to pick up cheap shares.

There has been some excellent commentary uttering caution. £1000 is a lot of many to put in. It could go up 100% or down 50% in hours.

That’s the market for these penny shares. I’ve made and also lost plenty on them over the years.

I’ve bought and sold this one a few times. Only because the higher it goes the riskier it gets.

I’ve held others for years so only trade a couple.

This is a really interesting share which I see as a little ‘smoke and mirrors.

The can talk about products but not tell us what they really do, how much they are worth, how much revenue, who played what part in develop,ent partnership. Only results will give us a revenue guide.

Speculation of mag7 etc etc. Perfect to add to the euphoria.

Others compare it to multi billion dollar companies.

That’s like me setting up a cake stand at a market then comparing me to Mr Kipling or McVities.

I fully expect to get shot down now for trying to talk some sense.

I hope everyone on here makes good money.

I’m just saying be careful.

If this drops I’ll buy again. If it goes up I’ll buy on a drop back. That’s trading.

A profit is not a profit till you take it.

Good luck.

Value...... you are asking why anyone thinks CLN shares will hit the market.

Reason is that if CLN holders want to convert them on 31st Dec, TUN either pays them cash or gives them shares.

At the moment TUN don't have the cash. Conversion Price would be 3p.

If they get funding, will the funder underwrite the risk of CLNs being cashed in at the end of the year ?

If they are converted to shares they can either sell them on the open market and any price higher than 3 p will make a profit, or hold them.

But once they are converted, they add dilution. Even if they are held and not sold they still make every original share worth less.

That's my understanding.

A billion times 3p is £30 million debt to underwrite.

That would be my understanding.

So any finding needs £30 million just to cover the CLNs being converted.

effectively, CLN holders would become equity partners if they don't sell the shares and could even have controlling majority.

A takeover would need £30 million plus buying out all current holder. Who would sell tomorrow for a 6p offer ?

The more I think about it, the harder the funding looks.

Interesting scenarios to digest

If we end up with 1.2 billion shares on the market they won’t be at 10p.

The billion to be issued will be at 3p.

So unless finance is agreed, this will head down towards 4p I suspect.

If we get there then it’s a great speculative buy.

I suspect they will get funding or some other agreement before then but like I say, it’s a kit your risk/reward threshold.

These could triple overnight on news or halve in price next week.

PJ70 - totally agree. I noticed that too. Signingofftake agreements says you have buyers to take you product already.

This should be an RNS. Exactly like ATOME did today and saw the price rise.

If you have a project you're trying to get up and running, having a buyer is significant.

So I've just listened to the podcast and it sated that if the CLN are converted on 31st December......it will add over a Billion shares to the market at 3p.

He said 2026 but I am assuming he meant 2025 !!

Considering that is over 5 times the current share issue that is massive dilution.

They could convert also via a capital raise or cash out.

I've been trading this one and sold out 10.2p this morning before it dropped back.

The upside is huge but in a nutshell...they need funding before end of the year.

The potential is there and they also have the LOI from the American bank.....just a question of where your risk/reward lies with this one.

Https://www.investormeetcompany.com/companies/tungsten-west-plc

Just checked and its on there now

Recording will be available on investor meet website.

Usually end of next business day so Monday I expect.

Market cap is 19.82 mill

Thanks for the update.

A billion shares added ? There is only 188 million in circulation !!!!!!

Totally agree. Short term traders will be selling now.

I have traded this many times. Risk selling now is you won’t get in below the price you sell for.

There should be no delay over the next month or so with only good news to come on finance and FID.

Expect to see more institutional buying.

Hopefully get some good press over the weekend as the current price is still a now lower risk opportunity to get in before FID.

Profit takers are out in force now lol.

84.5p is the 12 month high to break.

Currently 62/70. Up 33% today :-)

Great news. 260k tonnes per year for minimum 10 years.

Congrats to all who held.

Up 20% in first few mins.