Member Info for bluegrass

Bit of a strange question. There couldn’t be any buying without someone selling??

Tungsteninvestor. Appreciate that you are now being positive, but your switch from being an alarmist de-ramper to positive poster is irritating to say the least. Maybe best to just keep quiet.

Nice finish.

I am liking the phrase 'unfortunately 10p'. How things can change quickly!

Yes not sure you would get very far digging an underground mine with one of those.😊😊

The rate this is rising we may be at 10p by end of next week anyway. So someone would definitely have to come up with more than that.

That's more than 2% of the total number of shares so think that would be considered a reasonably high daily volume.

SP gained 5% since my transfer so already saved £240 tax on the £1000 increase.

Why would you transfer from an isa to a pension? Isa is already tax free, draw down on pensions not necessarily so. Although probably best to ask an accountant.

Yeah slurm telephone fee £49.50 a bit steep, but wanted to do it on the spot. If I did bed and isa online it went into a queuing system for their bed and isa service and would have taken about a week. apparently they have a lot backed up. SP may go up considerably more in next week and would have then lost 24% tax on this, so my priority was to get it done quick. Important thing for me is I lost virtually nothing on the spread. Expect the traders out there are scratching their heads on my logic here.

Just did a bed and ISA transfer of shares from my trading to ISA account on ii for the full 20k. Cost me 1329 shares which equates to about £84 including the £49.50 telephone transaction fee. Could have done it online at the £3.50 trade fee but wanted the certainty of prices quoted over phone and done straight away. So well worth using your brokers bed and isa services since they have special arrangements with mm's on this. If I had done it myself I would have lost about £630 on current spread. Of course I could have got smart about it and sold on a peak and rebought into my isa on a trough but didn't want to mess around with that. Can trade anytime to do that if I wanted to anyway. Wanted to do it quick since SP may be well north of here in a few days.

Yes this is going back up. Just been offered 6.35p to sell 1m.

Sometimes takes a few goes to break through a resistance, but pressure is building so hopefully soon. Seems to be following same patten as yesterday, with an initial rise, followed by a slight dip or consolidation and then a steady climb back up.

It is understandable that a few may take some profit when the SP jumps up, but don't sell when the SP has gone into the dip since your just losing money. The direction of travel is clearly up.

There are also advantages in having a level of institutional investment. The share price would be less volatile. Small private investors tend to get spooked and are more likely to trade which can lead to large swings in the sp. Institutional investing over the coming months would also inevitably push up the sp.

Another thing to consider is that our directors own or have options on a large number of shares. They would not want to do anything to devalue their own holdings. Evidence so far would seem to indicate they also have a level of integrity.

6p was a bit of a psychological barrier , a bit when we were trying to get past 4p. If we can finish above 6p today I think this will fly. So much for the advice from the de-ramper this morning.

A very well timed post magpie. I don't know why these people think they have an impact with their posts anyway, everyone can spot them a mile off. The SP is moving in a patten of rise and consolidation regardless of what these people say. If they want to take advantage of this patten and trade fair enough but would rather they weren't so loud about it and just got on with it by themselves. I sure you can make money doing this, but in a fast rising share with a wide spread it is easy to also get it wrong. I am making enough just holding to keep me very happy.

Would be very careful about setting stop losses on this share. They are there to be taken out and you don’t necessarily get the full value of the limit set. I don’t have any.

Hopefully the sp will carry on rising and then the troll traders will be left without any shares and no re-buying opportunity. That will please me as much as making money myself.

Have to disagree with you one that one Messi. Don’t think Leigh Creek is priced in at all. Think most people think it probably may get pushed down the road again. So if it goes through it will give a huge boost. It is really icing on the cake as SML is already fully funded through to the next stage and the PFS with out it.

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