Member Info for bluegrass

If we approach fair value of 14.9p would seem more than a modest gain to me. That’s is where we should be now not after PFS, which is only about 6 months away but I would certainly expect there would be a further jump in fair value then. Prior to the MRE fair value was 4.9p and we surpassed that in lead up to publication. So not sure why you say we will have to wait years.

Share price significantly below fair value, which was reported by Zeus to be 14.9p. All the ducks are lining up and can’t believe sp is still at this level. Don’t quite understand the caution. Significantly undervalued compared to other projects at similar stage.

No fireworks there, but non were expected, good or bad. Business as usual.

I remain sceptical that Leigh Creek sale will go through by the date planned, so it will be a nice surprise if it does. It would be good to get this distraction out of the way and to get some remuneration from this, but it is not required and will not materially affect things either way.

The most important thing to remember is that the company is fully funded through to completing the PFS, which will add significant value from today’s share price and reduces risk significantly. This was reported on being fast tracked and should be completed by year end, but it would be good to get some further clarification on this from the company. Expect we will know more when the planning permissions are complete and the additional rigs are up and running. Looking forward to the regular drilling updates as they come through.

Couldn’t see anything about expansion of drill area, which I thought was a possibility. Maybe that will be a surprise for a future update.

Second time support has been tested at this level and seem to be bouncing off it again.

Our strategy.

Yes but that's starting with only £1. What if you started with £1000. That would be £601 million. Are strategy is all wrong, we could all be multimillionairs!

Here we go. Derampers popping up now trying to push price down to buy in lower. Volatility is a traders friend Jane?

Any sales or buys on low volume will have an outsize effect on sp. Best to ignore.

You can't really tell what people invest in by looking at their posts on here. I invest in lots of things, but only post on aim stocks. Can't really see the point in posting on Rolls Royse and the like.

There is nothing wrong with taking a profit however not sure I could find a better opportunity than here so will stay put for a while. The fundamentals of the company certainly give plenty of scope for a further significant rise and it would not seem to make much sense selling into the dip. The sp is following a patten of sharp rises followed by consolidation so sooner or later we will enter another rising trend. The overall trend is upwards and expect this to continue until fair value reached. Seem to be plenty of willing buyers mopping up the selling.

Why the drop this morning? Pretty crazy selling at this price. Suppose with current low volume a few small trades can have a big impact on sp.

Definitely that's something to look out for as we near publication of PFS if the sp has already risen massively over the period leading up to the publication. Obviously that happened at MRE but sp seems to be slowly recovering.

Think Leigh Creek will have a bigger impact than some on here are saying. Personally I do not think it is priced in at all now. This is not because the amount of money being paid upfront is huge, but because of the start of a new income stream and the regular updates that this will generate. Still sceptical that it will happen though.

To a certain extent I agree but despite some things seeming that they have no impact there has been a consistent rise since the beginning of January and not just on release of MRE. There have been peaks and troughs but direction of travel has been consistent. Some significant rises have happened on unexpected news like the placing in January. So although you may not see a jump on the morning when drill results are released, it has a cumulative effect and I expect the sp to build from here. Rise since beginning of Jan has been about 300%.

Did I say something wrong? Can’t remember what I said now. I did post yesterday that I thought the sp would bobble around until we get some more news, so we seem to be in agreement now. Also pointed out that this would help consolidate the sp at this level as shares bought at a lower level are sold and bought at a higher level. Hopefully a good base for a further jump up if we get some positive news flow. Looking forward to the results of the planning application for the new drill pads. Leigh Creek also due, which personally I think maybe kicked down the road again, but has the potential to have a significant effect on sp if it does, since not really priced in at all at present.

With volume this low the sp will be pulled up or down by relatively small trades. Think we will bobble along here till we get some more news. Doesn’t seem much appetite to buy or sell and any movement on low volume is pretty irrelevant. The positive is that all the buys and sells at this level is giving further consolidation and a good base for a future rise.

Good video on NBC about Almonty mine in South Korea and Tungsten shortage. https://www.nbcnews.com/video/u-s-looks-overseas-for-resources-as-munition-supply-dwindles-in-iran-wa-263276613516

Needs to get to 10p plus for me to break even. Maybe should have added at 1p but seemed like throwing more money away at the time. Nearly sold to use loss against CGT but glad I didn't now. Expect quite a few may have done that. anyway will be happy just to break even.

Bottom drawer from 2022. May even get my money back if it carries on like this.

Looks like it may be starting to tick up now. Quite a few substantial buys coming through. Never know why people sell first thing in morning especially after a reassuring rns. Maybe regrets now since don’t think a general drop expected? Unless maybe it was the regular seller back again which was holding the sp down.

If you had ask me this morning if I would take a 3.57% rise I would taken it. A fallback from the days high is always disappointing, but a rise is a rise and there is always tomorrow. As I said earlier the more buys and sells we get as the sp rises establishes a high base. Volume of over 50 million today which isn't bad.