Member Info for bluegrass

Completely agree with that BB. Pretty satisfactory day overall. Closed slightly up despite some selling by the sell on new crew. I feel a lot more relaxed here now and am also not worried by the ebb and flow so much. The company seems to be maturing with the end goal more certain. Not sure whether that will mean taking it to production or whether company is bought out; either way think SP will be well north of here. The risk of poor drilling results now seems low, the tungsten demand/price does not look like it is going to diminish and there seems to be a level of support from local community. On top of that fully funded through to PFS.

Agree with what you said in your 2.30 post canilla. Just voicing my opinion like everyone else. Think my posts are mainly reactive when someone posts something negative that is not supported by any evidence. Think the motive for that is clear. If someone holds a large number of shares they would probably not do that.

Yes it is that why I referenced the rise from last October to the present as 800% that takes into account the fallback from the MRE peak. You may be right about the gentler incline, but you have no evidence to support that, it is just your feeling. As I said the rise through the drilling campaign leading up to the MRE was not just end loaded and was not gentle either. My argument was not really just aimed with what you are saying Canilla, it was more aimed at those suggesting a substantial fallback from the current level. Personally I think some of the selling today maybe by those more inclined to trade, selling to put there money in something more volatile. SLM has become a little more sedate, boring and predicable maybe.

In fact if you are not going to use previous performance, statics and evidence, what are you going to use? Some on here this morning have been suggesting a retrace and stagnation on no evidence at all.

Simply looking at the chart Canilla not try to twist statistics. The rise to the MRE was not just loaded at the end. Looking at the trend over the period. Appreciate there are there are some highs and lows along the way but the trend was upwards.

Some are suggesting some stagnation of the SP on route to the PFS. Just a reminder the SP rose over 1200% over the course of the last drilling campaign which ran from October 25 to the publication of the MRE in March 26 (taking a start price of 0.5p to a peak of 6.9p). Even with the fallback to current levels that still represents an increase of over 800%. The rise was not completely smooth, but the overall the rise was consistent over the period and not just right at the end. Just need to take a look at the chart from October 25 to the present to see this. Not sure why some are suggesting going forward why this will be any different. Not expecting a jump on each RNS, but each positive RNS issued builds on the story.

You say you are a long term holder and have made good money twice over the last 10 years. Your latest comment would suggest that you have sold and are now hoping for a price drop to maybe make good money a third time. You have no evidence at all for your suggested price drop. In fact any evidence and research that does exist would suggest the SP is highly under valued. 98m?? Happy to see you justification on paper.

Wait

Think it's those that want to day trade that will be disappointed, which is apparent from the comments so far today. With an eye on the medium through the next few weeks and months leading up to the PFS I think todays RNS is highly positive and gives nothing to be concerned about. If the SP has drifted slightly lower today it's because people that want to short term trade realise there is nothing here that they can use to pump the SP so have maybe sold to move onto shares that may better suit that agender. Certainly nothing to suggest that the SP will drift below the current range. Think long term holders still here will be happy to wat this out, hence lack of comments.

Personally I see it as a positive that we don’t have the pump and dump crew turning up at every RNS now. Think the RNS was highly positive and will hopefully support a steady rise. Assume it had a duel purpose of updating on the LCCM and getting a statement out ahead of the AGM.

Amount of financing ‘not’ huge

You maybe right, but not sure you can make that sort of determination based on less than an hour of trading. Thought it was a very solid positive RNS, mapping out road ahead about what will be happening in next few weeks and months. Regarding LCCM think this was expected, but see it as quite positive since I don’t think they would have given an extension if no evidence had been given to the board regarding progress on the financing by Cuprum. Although as some have pointed out the amount of financing is huge, I assume to get good terms you will need to have off take agreements finalised which may take more time.

Regarding Caprum, would have thought they would have had to issue some kind of RNS to clarify this now the date has passed. Not crucial if it goes ahead in the present form or not. Think the market has already discounted it, so would probably give a boost to the SP if it did. Certainly don't want the directors getting distracted with trying to get this up and running themselves.

Notice of AGM 24th June https://www.strategicminerals.net/docs/Strategic%20Minerals%20Plc%202026%20AGM%20Notice.pdf

One thing I didn't understand is under resolution 4 and 5 regarding authority to issue shares, it states a value of up to a nominal value of £704,693.99, which is says is approximately 25% of the current issued share capital. I may be being stupid but to me the two figures don't correspond. Does anyone understand this? I understand that giving authority on these types of resolutions is quite normal but did not understand the figures.

Also no mention of a Q&A session or other details about attending meeting.

Sorry when I say issue of equity I just mean 'permission' to issue equity which is pretty standard procedure for directors to have this permission, not anything new or sinister. But as I said I need to read through supporting document.

Ii have notified me about the AGM on 18th June and sent vote form. There are 5 resolutions to vote for, the financial statement, re-election of Philip Haydn, re-appoint auditors, issue of equity . Haven't had time to go read through document yet but probably all standard stuff. Has anyone else had this yet or had chance to look through?

Guessing that was a sale. But doesn't really matter either way. since we are up on the day.

Get what you are saying, every sane person wants shares they own to go up in value, but people on here aren't just sticking their finger in the air and saying the share is undervalued, ramping as you say, they are giving detailed reasons why the share is undervalued which is the more interesting bit.

There is nothing wrong with trading, but obviously a 'trader' will have more of a tendency to try to overhype value and then go into reverse mode to create volatility and movement in the share price. A share like SLM is ideal for them to do that at the moment, the fundamentals are good so you've got a story to work with and it is relatively low volume so doesn't take many buys or sells to start a trend. You say no RSN, no rise, but that is not strictly true. There has been a rise today on no RSN. Also I don't necessarily think you need short term traders to add liquidity, people can hold shares over a period and sell them adding liquidity without being 'traders' who dip in and out multiple times. Don't quite understand how short term traders protect us from the 'market manipulators'.

Company is fully funded though to pfs and at least end of year, also everyday running cost are quite low. So can't envisage any raise to let anyone one in on a discount. In fact you could say the sp is already heavily discounted on where it should be, so great buying opportunity. Only way someone could build up a large holding will be to mop up sales as they become available but suppose if someone tries to buy too quick the sp would spike very quickly.

I find it hard to work out who is actually holding shares, since there are very few declared amounts over the 3% plus also the directors holdings. Think there are a lot of shareholders and long termers in the 0.5 to 1% range but obviously no confirmed information on this. Would be interested to know what would be the best guess on who holds shares. Does anyone have any ideas on this?

Have to say Caprum’s statement on their website sounds very convincing https://www.cuprum-metals.com/. Will be amazing if this gets over the line. The upfront cash will not make a huge difference, but the development of a new income stream will have a huge impact. Am convinced that SP will jump massively if this goes ahead. As you say only a couple of days. Think market at moment thinks this is going to be delayed again?