Member Info for bonker99

Kerching!

https://financialpost.com/pmn/business-pmn/u-s-house-democrats-seek-at-least-160-billion-in-new-ev-funding

Yup me too :)

Correct me if I'm wrong someone but I think we just churned c10% of the entire free float today alone.

I suspect the "tail" of this buying will run for at least a month from here - right here and now I think the buying price is almost irrelevant.

Why do I think that?

Because I'll bet (almost) all of the money in my pockets against all of the money in everyone else's pockets that the Institutional buy orders being worked here are already way bigger than the current £140m mcap of this company.

Which fund manager is going to bet against:

Bill Gates of Microsoft

Jeff Bezos of Amazon

Michael Bloomberg of, er, Bloomberg

Last but not least, Ray Dalio, co-CIO of the world's biggest hedge fund

And, yes, maybe even Musk himself

I wouldn't like to have responsibility for managing a big fund and having to turn around to my board and say I passed on this at a £140m mcap in a year or five's time ...

“Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” said Tesla CEO Elon Musk in July 2020."

https://moneyweek.com/investments/commodities/industrial-metals/603682/investing-in-nickel

Well someone took 20m shares from Roderick McIllree in December remember - at this very SP ...

We're only ever one tweet away from a Musk explosion :)

140p target here BTW - mcap by then unknowable but clearly FTSEable ...

RNS - Director buy

Well someone likes it - that's decent money going in there.

$1.4T of green energy related minerals does tend to capture the attention and Bezos/Gates/Dalio/Bloomberg all weighing in is as big a green light as you're ever going to get on the UK market IMO and an enormous confidence booster.

Of course that number is at today's prices - by the time they come to mine it who knows what the prices will be by then.

This does look and feel like a very rare opportunity - enough for me to park 30% of my SIPP in it yesterday at 11s ...

1K trades up :)

My Reddit post picking up a bit of traction:

https://www.reddit.com/r/stocks/comments/p1lxm2/blujay_mining_jay_bllyf_bluejaymining_sign_jv/

10x of those on the bounce so that's £70k @ 14.2p or so

That 50k buyer sho looks hungry.

Impossible call as always - some will have been wobbled by closing below the rising and Golden Crossed daily MA50 @ 5.3p but then the weekly MA50 is at 5.08p - a level that potentially draws in an enormous IH&S of sorts.

Anyway, we'll soon find out which way the wind is blowing - 9p/12p are the targets IMO if they've going to gun her up and >5.5p looks to be the green light from here to my eye.

Morning.

Interesting again from 5p ...

Looking forward to what happens next here now the money guys have their 5.5p entry.

Total volume drop-off :)

The Yanks closed at 14.5p last night so I guess either the traders got it right by bailing at that price early doors or they're going to get mugged off as this surges to 18s :)

Looks steady @ 13.8p??

Some are taking profits at that giant gap-up to 14s - not a surprise I guess but plenty of buyers too - should be an interesting day, may need a lead from the Yanks again later.

Caught up with the Yanks now - who knows what happens next.

It did and printed 15s then went straight into auction again.