Member Info for bluegrass

It's great that the consultations have come back without objection, but from the wording I do get the impression sometimes that these people think we live in some kind of museum. Seems to be the attitude to heritage and conservation generally in this country. One wonders that that if these people lived in the past they would have objected to the original things that now makes it a world heritage site. Its good that the company are keeping these people on side.

Just think its going to bounce around around this range for a bit until we get more news. Maybe someone fancies an opportunity elsewhere.

Think it's always a misnomer to think that there are significantly more sells than buys or buys than sell. The two will always roughly balance since don't think mm's are in the business of becoming large holders themselves. The buy and sells as shown on this website is only a guide since they just use mid-price, which is not entirely accurate. Also many transactions can come up later as delayed trades. Think that the fact that the SP is not dropping significantly says it all, since if there there was really such a disproportionate amount of sells the SP would drop more. Someone is happy to mop all the sells up.

From my point of view the SP has consolidated nicely at this base of just under 5p. I am a lot less nervous than I have been previously and feel it is unlikely that we will any see wild down swings with the prospects we have through the next 6 months or so leading up to the PFS. Don't feel the need to check the share price every couple of hours any more. I think the SP could ratchet up very quickly at a moments notice, so happy to hold and will not be playing any games with my holding.

Hoping the SP is a coiled spring!🎉 Have a good weekend enjoy the weather.

Think they have a cumulative effect and will hopefully support a tick up in sp. Keeps a steady news flow and keeps people interested. Not expecting a jump up on each and every result.

Well Cannilla the board always seems to work better when people avoid having personal digs at people. Generally other posters don't want to see that kind of distraction. That's where Hopper also went wrong in that he couldn't make points with out trying to discredit others and was divisive. I think at the time my main point was we did not know who it was that was selling, not that their was not some regular selling i.e. not necessarily previous director, which I stand by. I don't claim to be the fountain of all knowledge, just making points like everyone else for discussion, occasionally hopefully the odd good point. I obviously riled you at the time for you to bring it up again so much later.

Agreed. Actually think it’s a good thing that a higher number of shares have been traded at this level since it consolidates the SP at a higher base as shares that may have been bought long ago for lower amounts are sold and rebought at this level. Gone through the laundry so to speak.

Agree with your points, however I think 60-80 million shares would represent 2.13 to 2.8% of shares I think.

The ore from Redmoor’s is more complex containing high grades of different metals. Raises the question over whether proposed processing facilities for TUN would be suitable for this. I believe TUN is primarily tungsten with a small amount of tin only? I would have thought that local processing into concentrate would make more sense, this would also reduce the transport of bulk material. The concentrate could then be be refined at a single plant.

When you say traded. Do you mean sold and bought back in or just sold?

That would really give the sp a boost if we got a TR1 for an increased holding. Somebody must be buying up all the sold share, so its not beyond a possibility seeing as nearly 400 million shares have been sold and bought in the last month or so. Another benefit of the trading is that it helps consolidate the sp at a higher price.

Think selling has probably been in predominance since we peaked at 6.9p on 20th April, so about 4 weeks ago. There has to be constant buying otherwise no one could sell. Don't think mm's will want to be holding large numbers, so buys and sells must balance.

Quick back of packet calc. About 800million shares traded since 20th, of which about half will be sales i.e. 400 million. That equates to just under 14% of share capital of 2818 million. Also some of those shares may have been traded more than once by traders , so the actual percentage of shares swapping hands will be lower. Shares held in sticky hands is by far the majority.

I find this slightly reassuring since it shows I am not alone in not having traded in the last month. A missed opportunity maybe though. Oh well hindsight is everything, some may have called it obvious.

Are they reported on time at London Stock Exchange or they inserted into list later? If its later I suppose having them shown at the top of the list here will help with not missing them since personally I don't scroll back and can't since I haven't paid the subscription.

The share generally has low volume, so any slight divergence in the sells or buys can create huge swings. Swings on relatively low volume can quickly correct. Also we are merrily posting away on here but 95% of investors probably never look or post on this board. That's a guess, but not many new names pop up. The silent majority probably happy to ride the wave.

Swerv the opportunity to sell at the beginning of the day in volume would have been very limited. Attempting to sell in volume would have sent the price plummeting so you could only have sold a few first thing at that price. That's the problem of selling on news, you can't really do it and need to take your decisions earlier. SP seems to be bouncing back now so selling now would seem risky.

What the 9.5million gggg?

Either way if the market can absorb a sell of that size and still uptick that's a very good sign. But probably a buy then, taking advantage of weak hands.

Nice delayed buy showing from 11.08

No point in panicking now. Couldn't even start to sell all my holding without sending prices further down. So could maybe sell 1M now for roughly present price, but what about rest? Probably best advice to not even look for next few days. Also don't want to be caught by reverse spike. On the plus side all this price action is leading to further consolidation of the sp since there seem to be plenty of willing buyers picking up the sells. Shares moving to the patient from the impatient.

Kd.

1. You are right about AIM. But most investors here have been remarkably sticky and volume has stayed low so it doesn't take many buys or sells to send the sp in either direction. A price drop can test the nerves of even the most hardened investor so can lead to a sheep mentality. Fundamentally I believe my investment here is pretty safe, so see no reason to be panicked.

2. The company is not cash rich, however it is self funding which is more than can be said for the vast majority of miner explorers. Also the company is fully funded through to publication of PFS, so there should be no doubts on this score. Think the financing for production is a bit irrelevant at moment and sp remains far below fair value for the stage it is even at now.

3. Zeus have been very conservative with the valuations and prices they have used to calculate current fair value of 14.9p, so there is a large safety margin here. Tungsten demand is also expected to increase.

4. mm's always happy to see an increase in volume either up or down.

I imagine those giving the helpful advice that sp will drift down and pick up not till months/years away have already sold the majority of their holdings so would be quite happy for this to happen.