Member Info for bluegrass

Totally agree. Bit of a red herring as I said. Certainly at moment. Plenty else to think about.

The whole TUN argument has been discussed at length before and is just a red herring at the moment as we are expecting a transformational MRE. Will never rule anything out, but maybe discuss this in a year or so time. Also as I said it’s highly unlikely we will trunks that quantity of unrefined rock over Cornwall, can’t think local residents would be too pleased. Maybe you could ask a question in the Webinar, the board were very good at answering all questions posed last time.

Yes I agree tie up with TUN is very unlikely. They are not cash rich to say the least and have a lot of baggage with dept. Personally I see no advantage to SLM in a tie up. Most that is likely to happen is a processing deal however due to the amount of material involved there is likely to be some local processing to provide a concentrate. Can’t see them trucking all that unrefined rock over to TUN..

It will be worrying if you just invested at this level and SP has dipped below your buy price. But selling now on a loss is the worst thing you can possibly do. I first invested last October and having been adding since. Was in the red for quite a while between November and January. Never sold any and am still now over 3x up.

Think too many people are worrying about day to day movements too much. If you’re trading fine, but for me it’s too hard work especially if you want to buy and sell in large quantities. Traders only make money out of the weak holders who follow the day to day trend and sell. Look at the 6 month chart to see the long term trend. Think the sell on news occurrence has already happened now, personally I expect this to stay about this level now and move up Thursday. If this was a house of cards I would sell, but the reason I invested in the first place is the the fundamentals are very positive. Can’t see a downside long term.

Covgaz .I am on over 300%. Wouldn’t have got that by messing around buying and selling for the odd 10%. Play for the long game usually works better. You can get too smart and end up losing out especially if they keep the spread wide.

Think so many people have been worried about ‘the sell on news’ that this has almost happened early today and pre-empted this. Too many people are thinking the MRE is the end target. Doesn’t really matter whether SP jumps up or not on Thursday, the journey will continue and as the new program of drilling commences and results come in the SP will continue to rise. The profile of the company will improve and more institutions will come on board. It would be crazy to sell share now. I nearly sold some shares in the 3’s as we kept bouncing back off 4p for weeks and weeks. Really glad I didn’t now. Don’t blow up the slight drop today into something bigger than it is. Just a few people with pre MRE nerves taking a bit of profit.

Also don’t just look at today’s chart. Look at the 1 month chart and the 6 month chart. The direction of travel in the SP is very clear.

We had this situation a week or so ago before we finally broke 4p. In the period before that there were numerous attempts to break 4p but the SP fell back before it finally stayed above that level, it got quite frustrating. Think the same happened at 6p, maybe a bit of a psychological barrier. Don’t forget the SP has risen about 35% over last week even at today’s finish of 5.4p so there are bound to be periods of consolidation. The MRE on Thursday will undoubtedly be highly positive but it is not the end of the story by any means. Those that sell out now will regret it as did those that sold out in the mid 3’s.

saying that you probably can't get hold of your capital if its locked up in hl. that's really ****ty.

Give up on them. Open a new account somewhere else .

Mm's want shares . Can get a quote to sell 3m shares over 5p.

Think we got the 5p pause out of the way. Continuing to rise now.

That was my point Daltry. There will be a few sellers who had 5p price target. But you are right holding is always more stressful than cash in the bank.

My point was I think there will be a short pause around 5p before next leg up.

Personally I agree. Don’t think you would probably regard me as a long term holder, since only started buying into the rise last October. I never experienced the pain!

Think a few long term holders may have had a target of 5p to sell a few, I know I did but personally I canned that idea. So will probably be a some shares available at this price for a short while. When these dry up SP will continue to rise. Get em while you can.

I would change accounts, you can really do without that sort of thing. Always been with ii, no problems, maintenance always at weekends. £14.99 monthly fee plus £3.99 a trade. Also good rates on international trades.

As PFS was already fully funded, I am assuming that the new money will either be used to expand the drill area, such as into Dutchy lands or to fast track work on a DFS or both.

Don't see that new investor is likely to 'offload' more than anyone else. There will always be a cycle of existing holders selling a few as price rises, otherwise there would be no market for anyone to buy into. This is normal and healthy. Saying that I am not yet at the stage where I want to sell any at all.

Presumably the management did some diligence on the new investor prior to agreeing the placing.