Member Info for bluegrass

Cev had a quick scroll through some of your posting history. You do seem to have a knack for winding up other posters and make personal criticisms rather than just sticking to the a topic. The points you make seem to rather get lost in this, which is a shame. No reply required.

It's only unsettling if you think someone knows something you don't. I think the thing to remember is that the SP has risen by a huge amount over the last 6 to 9 months and there will be a lot of shareholders with a huge amount of profit which they are happy to take. Eventually the SP will adjust and consolidate at a higher level.

Well luckily its not an investment report, just a chat on a message board. You could have a full time job here if you want to check everyone's grammar.

That sounds a little dismissive. The general narrative has been upwards. Higher highs and higher lows. News flow going forward expected to be positive, so there is a good possibility that this narrative will continue. But your free to make your own choices and invest elsewhere if your not convinced.

Chart looks like second half of Feb, early March. Lets hope we get the uplift that we got leading up to 20th March. It was the unexpected news of the raise on the 19th March that seemed to cause that.

Not sure what you mean. I can get quote to sell 500,000 for 4.81p or 1m for 4.788p. mm's want shares.

Just glad I didn't get caught out by recent drop. No need to panic if you have confidence in reason you invested in the first place.

The drop yesterday will have helped this process as there was a high volume and some shares held by weaker holders changed hands

The way the SP has dropped away from its peak is annoying and seems unjustified when one looks at the fundamentals. However if you bear in mind that the SP has risen 10 fold (even at current SP) since last October the drop and consolidation is not surprising. Think it is natural that it is taking a while for the SP to consolidate at this level after such a dramatic rise as shares bought at a much lower price are bought and sold at this level. Not sure it is one persistent seller any more. Think it is just natural consolidation and this period will pass in due course. There were similar periods late last year/early Jan then again Feb/March this year.

Tungsten is an element. It is not a manufactured product or alloy. It cannot be replaced. No other metal has the hardness and high melting point of tungsten.

They would not be allowed to reveal anything new at conference since all new info that may affect SP has to be delivered through an RNS. But good to get the message out there.

It's true we do seem to move up and down with with TUN. No idea why this would be, projects at totally different stages.

Having a stop loss on a share like this is crazy. You are not even guaranteed the figure you put down. Your shares are just sold at the best price available which can be considerably lower than your stop loss. The price after a sharp fall usually bounces, then you are left with an unnecessary loss.

Thing to also note is that volume is very low. Calculated in my head so may be wrong - over past couple of weeks volume represents about 6% of share capital, assuming half are buys and half sell, that means only 3% of shares have changed hands over the whole 2 week period. Any swing on low volume can very quickly correct. But as I said before still very irritating.

Yes it’s all very annoying. Don’t know if it’s the same seller or just different people offloading a few. Buyers seem to be holding out to see what happens I guess so SP drops. Just got to grit your teeth, nothing that you can do about it to support it other than buying shares. If you have a reasonably large holding selling is impossible, selling a few would just damage the rest of your holding further by dropping the SP. So probably best to switch off and trust your origional judgement. This is an amazing investment far below fair value. Noticed even Tungstenman is not bothering to post at moment. Is mining conference today?

Don’t know why people are predicting Armageddon, volumes are tiny. Serious money staying put. Think systematic seller has probably now stopped. Sells are probably from some people looking for more short term gains elsewhere. The SP at the moment represents very good value and I probably couldn’t sell more than a very few at the moment at the current price anyway. So like it or not stuck now until we get some more news which may generate some more buying which you could sell into if so desired. I am trying not to look at the daily movements now, fretting won’t help me. The chart seems like the period in late February, which was followed by some good rises.

Not had a bad drill result yet, so that’s a good shout. Can’t see a problem with planning permission for new drill pads, so that’s why I used the phrase ‘almost’ guaranteed. Then I did use quite a few ‘possibles’, so don’t really see your problem. Appreciate everyone has their own opinion, that’s why I said everyone has to make their own decisions. Clearly you have a different view. Fine.

Seem to be two different streams of thought developing here, one more cautious predicting not much movement in SP over the summer and those predicting more of a tick up. I am in the latter camp and think that with all the positive news due and looking at past performance the SP will gradually rerate to fair value (if there is such a thing). There has been some steady selling, but all the sells have found buyers at this level by buyers presumably looking for further gains, which would suggest that there will not be further slippage. At some point one would think that the selling will reduce as the SP continues to consolidate allowing the SP to rise. On balance I am more worried about taking my money out of here to explore potential elsewhere than missing out on possible gains here. We have an almost guaranteed flow of good news, positive drilling results, planning approval, expanded drilling, possible increase in holding by key stakeholders holders, possible completion of LCCM and possible expansion of drilling outside existing resource. It is often the surprises that have driven the price forward here. Don’t think funding is part of the discussion until we at least get to PFS. Everyone will have to make there own decision on how they view this going forward

Isn't that a bit of a contradiction, nothing happening whilst they carry on drilling. Take your point though and am trying not to check the SP several times a day. Think that must be the same for most, since the amount of people posting on here must be a tiny proportion of share holders as we only see a very few names coming on here to comment. Think there are other things that can also drive the price up and in the past it has often been things that have been unexpected that have done this. Also as I have said before the rise through the last drilling campaign through to the MRE was not just loaded at the end, overall there was quite a steady rise.

I do think the SP will tick up or could bounce at at any time as the cumulative affect of the drilling and other news hits. Certainly won't be trying to get too clever by withdrawing money to work elsewhere. Now is a good time to build up your holding not reduce it.

I am finding it hard not to check the SP here several times a day, it like waiting for a kettle to boil. Think this can lead to over thinking this, thinking of various reasons why the SP is not rising quicker, what’s wrong etc. But in reality the SP will just do it’s thing what ever we say, it will bounce around a bit and then one day will breakout unexpectedly. We are not expecting any bad news, in fact the news flow through the rest of the year leading up to the PFS will probably continue to be excellent. This is no different to the quiet periods we have had since the SP started to rise last October. It is not necessarily the expected news that will provide the boost, like on 22nd Jan we had the RNS for the equity raise which started off another round of rises in the SP. I don’t think it will be the next drill results that will boost the SP, it will be something like Coffey has increased his holding. I find it reassuring to look at the 6 and 12 month charts, they show a patten and I don’t see any reason why this won’t continue. In the mean time there is a great opportunity to add if you have the funds. Personally I think there is more opportunity here for further rise than TW.

Still worth about £600 million, about 25% off highs.