Member Info for bluegrass

Going back to the earlier question over value of miner explorers. Solgold is a mining exploration and development company without any actual mines but is now worth £852 million. Granted SML will never be the size of Solgold which has multiple concessions in different areas but the principle is still there and Solgold started from equally humble beginnings.

The company will have a certain 'value' at various the stages of development and progress as the resource is proved up i.e. value now, the value after the MRE,PEA , PFS and actual mine development etc. It is not an all or nothing equation. To speculate at this stage what might happen to the value of the at the company when a mine is actually opened or how the finance to do that is obtained is too much in the future and pointless. All we can do is compare what the value of SML is against it's peers at the various stages to give a realistic value. From that point of view I believe SML is currently under valued and there is a great potential for a rise in the SP. The great advantage to SML is that it has an income which will help it self finance through early stages, a position not many mine exploration companies can boast about.

A well timed question. We seem to be on a breakout from current levels.

Not sure I'm the best person to give advice but I’m certainly certainly intend to keep my shares for a while.

Generally supportive of mm's providing a market and appreciate that they need a wider spread when there is volatility. However when they moved the bid down to 1.3p yesterday there was no selling pressure and no substantial sales went through at that level at all, even the delayed ones. Volatility has also reduced a lot recently and that will hopefully give more people the confidence to invest. When the bid drops so substantially for no apparent reason it can unnerve people. Personally I am not buying or selling at moment since already have more than I should.

At least the spread has reduced now with the bid moving back up to 1.4p . Really can't see why they dropped it in first place. mm's playing games. I feel if this starts to move upwards people will pile in since they won't want to loose out. Think its on a lot of peoples watch list just waiting for a little impetus.

Go on to google and set SML chart to one month view. Looks very healthy to me. Nice steady 30% rise.

Absolutely no idea why the mm's knocked the bid down to 1.3p earlier today. The charts and the patten of buys and sells in no way seemed to justify this. Just seems like they are knocking the ball around to stir up some trading. No one seems interested in buying above 1.5 and no one wants to sell any much below 1.4 and why would they.

Just think a little patience is needed. There is a real prospect of at least doubling your money over the next couple of months as more results come out and the MRE is published. I can't say that about any of my other investments. It is unrealistic to think the share price will double up by next week. If you actually look at the patten of the chart over the last 6 months it is showing a very healthy and steady rise. I will certainly be happy if it carries on doing the same. To say we have invested here too early is nonsense, this is the best time to invest if you wait a few months let alone a few years you certainly won't get in at the current price.

Hopefully they are promoting company and spreading the word. We need new investors for this to progress. We are not going to get anywhere with just a few long term investors sitting on their shares.

Think we are all amateurs on here. With spread tighter and less volatility it shows we are forming a more stable base at this level. It seems that sellers are less willing to sell cheap. Hopefully we will move up from here. 1.5p seems to be a resistant level at moment. With time and more news this will be broken.

Have noticed over time that volatility is decreasing and that the actual spread is now quite tight. Can sell 500000 for 1.44 or buy a small amount for 1.46p (can only test for £130 worth since that is all the cash I have in my isa account which will please Rachel Reeves).

Think you mean 6350p per troy oz. or £63.50

They could be concurrently working towards a PEA now. More drilling will be required to produce PFS.

Trading off to a brisk start this morning. Maybe today will be there day we get a breakout above 1.5p..??

Never really got the ramper/deramper argument. I would agree that somebody posting every 2 minutes posting things like ‘get them while you can’ is pumping and blatant ramping. However someone posting a reasoned argument that share price should be much higher due to comparison with peers, resources in ground, good financial position or metal price valuation, in my mind is not ramping up, it just promoting your investment, which is the sensible thing to do. Someone that does that is probably certain to have shares and a stake in the company. ‘Derampers’ on the other hand where they are actively saying share price should be lower obviously have an a gender and are not invested in the company. There is no good side to this and saying things like balance is needed are nonsense. I of course wouldn’t call people posting about worries and company strategy deramping. It is the active promotion of a lower share price that is the standout. No investors would ever promote a lower share price unless they only had a small holding and wanted to buy more at a lower price on a temporary dip.

I've stuck up for mm's before about spread, since need large spread to co cope with volatility. However it is now ridiculous since there has not been that much volatility and spread of actual trades has been quite tight. Gives a false impression. SP is actually quite stable at moment. Company should ask some questions about this if that is possible.

Nice to see a close of 1.5p posted on the London Stock Exchange site.

Doesn't really matter as buys and and sells will always roughly balance. If there had been more selling pressure than buying then the SP would have gone down, which it hasn't. Also you can never be too sure how the day is going because the mm's sometimes hold back notifications.

The positive results seem to be a given and keep on coming. Think what will be really important going forward is for the directors to continue with their work in raising the profile of the company, like investor meetings and the webinar that happened last October. Maybe trying to push this into the national press. Think most people invested are already highly positive, but there seems to be a limited pool of people at the moment as shown by the level of trading following announcements. Don't want this great news to come out with a low audience.

Despite what showing spread is very tight. Can sell large amounts for 1.38p or buy for 1.41p.

This RNS has derisked the company.

Logged in late this morning and pleased to see a fantastic positive RNS.

As always this seems to have woken up a few troll derampers. They seem to have had their cash flow worry story oven ready to go, only problem it is contrary to the facts. They have mindlessly pumped out their storey regardless.

The fact that the company has plenty of cash in the bank with guaranteed funds to come from match funding and cobre sales was a stand out positive in this RNS. As promised by the company there will be no need for any raises this year. Expecting positive news flow with no negatives expected. These derampers are morons.