Member Info for bluegrass

So much for the steady rise. This is now hold on to your hats!

I'm liking the nice steady rise. Look at the 5 day chart. Averaging about 15% a day. Much better than the spike and dump we had before. This share is maturing. Don't want it to hover those, don't want to interrupt the momentum. The much maligned mm's have done a good job in shepherding this up.

And Bid has moved up to 2.2p.

Ask has just moved up to 2.3p although you can still buy small amount at moment for 2.25p.

Ok sorry, when I said agents that's what I meant. Just thought shares given in lieu of fees might be sold to pay wages etc. But I am only guessing.

Agreed. Although I assume share paid for agents fees may be sold over a period. Bet they are glad now they asked to be paid in shares and not cash.

You can always pick out particular dates where one share may have risen better than another in a particular time frame, with hindsight. If you take the 6 month time frame SML has risen 515% and GMET 246%. I still think I am betting the right horse with SML in the long run. Its the same with any share trading, it's easy with hindsight. Could have sold here in November at 1.7p, rebought beginning of December for 1.1p and almost doubled money again. For anyone that did that I take my hat off to you.

I am not a chartist and not sure if that sort of technical analysis really applies to a share like SML. However I have read that the is no technical resistance through to 2.48p. Does anyone with more knowledge on this have any views on this.

Some of new shareholders may have notifiable holdings so we will get some sight of what they do. Agents fees were paid in shares so assuming they will be sold.

From AI.

Estimated Turnaround Times (2026)

Comprehensive Project Reports (1–3 Months): For large-scale exploration programs, final assay results and mineral resource estimates are often targeted for release one to three months after drilling concludes (e.g., results from 2025 programs are often scheduled for Q1 2026).

Core Analysis Workflow Phases

The total time is influenced by several sequential steps:

Logging and Photography: Meticulous documentation of depth, length, and visible features immediately after extraction.

Sample Selection and Cutting: Geologists mark intervals for testing; technicians cut cores in half, retaining one half for reference.

Preparation (Crushing/Milling): Samples are washed to remove debris and then crushed and pulverized into fine powders suitable for chemical analysis.

Laboratory Assaying: Precise geochemical testing (e.g., cyanide leaching, fire assaying, or ICP-MS) to quantify mineral concentrations.

Quality Control (QA/QC): Insertion of blanks, standards, and duplicates to ensure data accuracy before final reporting

Well it's the quickest doubling of my money I have ever had. Quite happy with progress. We seemed to have moved on from the spike and sell mentality.

Looks like the SP is having a final push up before close. Will probably open higher tomorrow.

Difficult to say exactly since they would need to complete new drilling campaign first. Not just a paper exercise . In perspective I think last drilling campaign started in October and we are expecting MRE by end of first quatre, so that is about 6 months. On the other hand PFS is more detailed so more work involved. Suppose they could be starting some of the preliminary work for the PFS now alongside the MRE.

The recent raise of 4m has been a game changer here. Before that there was a niggling worry about what would happen after the MRE. It would have been assumed that a raise would have been needed then, to progress to the PFS and there could have been a drop off in the share price. The uncertainty would have led to the exit of short term traders and given fuel for deramping. What the management have done is get this raise out of the way early which gives certainty of progression with no worries over finance. I think the Board have made an excellent strategic decision here.

I mean I think the price is going up a lot more and selling any is not crossing my mind.

I am pretty excited but as you say a long way to go.

Assume for multiple reasons. Further drilling would only be justified if results from initial drilling were good. They only had limited funds, were being prudent and didn't want to go into dept like some 2 bit AIM companies do. Probably a few more.

Expect we will start to see a few negative posts from short term traders as some start to trade out at this price. No worries they will be swept aside as SP continues to re-rate.

Real time quotes. 1.71p to sell, 1.78 to buy.

Thanks. Hopefully I will make more here though :-)