Member Info for bluegrass

Markets can be very contrarian, but it does not make sense for the SP to drop at all. If this was a one off results you could see this happening, however in this case, it is a good result in a series of good results, with more good results expected, so it makes no sense.

I think the SP may have dropped initially with some sellers anticipating this pattern of drops on results. But I think this will be limited and the SP will bounce back later, so don’t get caught up in it. It will be a case of higher lows and higher higher highs. I for one will not be risking selling any shares since I would only end up having to re buy at a higher price at some point.

With results this good funding will not be a problem. On going, I think it is more of a case as to how quickly this can be developed within existing revenue and funding. That puts SML in a very strong position since there is no absolute need for external funding.

Results are so good it must make it difficult to determine where to target in a future mine plan. This must now be drawing attention of major players.

Good move. Trading has picked this afternoon. Get at this level while you can.

Here we go . Goes a bit quite and they start popping up again.

It is quite here today. No bad thing, people waiting for news. But also no big sellers so price seems quite stable now. Price has consolidated well at this level. I will be happy if we stick around at this level until we get further news.

And I don't know about going nowhere. My holding here has risen by 27% in the last 6 days when I added more. That is by far the biggest rise in all my share holdings. I won't be selling any time soon, still a long way to go.

London, I to have been caught out and lost out by investing in AIM mining companies in the past. The sort of companies with overpaid directors financing the company through frequent share issues. I think it is different here and would certainly not considered investing here if it was that sort of company. With SLM the directors are not fleecing the company and have skin in the game. The company has a revenue stream and is not dependant on financing through dilution.

I have held shares in SolGold for a number of years; unfortunately not that many and sold most too soon. Interestingly though SolGold was originally call Solomon Gold and was first listed on the AIM market back in 2006 with a market capitalisation of approximately £13.81 million (you can google this). I am not saying that Strategic Minerals will ever become a company as large as SolGold with a market cap of over £900 million, but it just shows there are success stories out there who started their life on AIM.

Just to note also, I wouldn't be invested here if I thought it was going to take 20 year to get a descent return!

The spread is only currently high due to recent volatility. This has tighten previously and will again as the SP becomes more stable, hopefully. This will not be an issue if you take the long term view and are not trading. The spread would certainly make it difficult to day trade.

The ask has now moved up to 1.35p although I can get a price for just over 1.3p. The price I am getting to sell 1m is 1.23p, so don't understand why they have occasionally moved the bid down to 1.15p. All this morning I have been able to get a price better than that. Maybe they were taking out somebodies stop loss? Needless to say I didn't actually sell any.

North line copper the operational partner for Leigh Creek looks quite impressive. https://www.nlcau.com/about-us

The trading activity this morning does seem very strange. Don’t get drawn into it someone is playing games with the SP. All low value stuff.

Worth a reminder about Cuprum metals. https://www.cuprum-metals.com/

ai came up with this.

“Active Operations: The company is focused on restarting the Leigh Creek Copper Mine (LCCM) in South Australia and is working with an operational partner, North Line Copper.

Publicly Traded Partnership: Cuprum Metals has an exclusive call option agreement with the London Stock Exchange-listed company Strategic Minerals Plc to acquire 100% of the Leigh Creek project. This type of formal agreement with a listed public company involves significant due diligence and public disclosure requirements.

Registered Entity: It is registered as a Proprietary Limited company in Australia and works within Australian regulatory frameworks.

Technological Focus: Cuprum Metals is developing and utilizing new, low-toxic, low-water hydrometallurgy technology for extracting copper, which is a legitimate area of innovation in the mining industry.

Experienced Leadership: The company's leadership team has a history of involvement in other successful ventures and IPOs”

I liked the last sentence. No reason to think this will not go ahead. Think when it does it will be a big boost for Strategic Minerals.

Some strange very low value sells coming through. It seems that someone is trying to stretch the spread downwards. Playing games. This happen on Friday before the SP rose in value again.

More positive new expected. Results from CRD035 are expected imminently as stated in RNS of 1st Dec. Hopefully that will mean sometime this week.

Thanks for the reminders and insight.

Sorry Chesh, you are right. It wasn't you was it? Have a good weekend.

Always pushing the envelope Guly!

Feel sorry for the guy that sold 500,000 for 1.27p at 2.54pm

I am taking my readings straight from live prices on ii.

Can't keep up ask now 1.5

There is a time lag on here. Bid now 1.35 and ask 1.45

We have now breached the technical resistance level at 1.38 which signals a further move up.