Member Info for bonker99

I'm also struggling to make it any clearer but nm ;)

I understand but £375k just happens to be exactly 1/4 of my totted-up £1.5m, not 1/2.

Hey.

Implication of another c£375k somewhere then?

PLAYER!

moly :D

At a glance, I've got around £1.5m of shares just changed hands at 8p - that's something like 15% of the company - wow.

I suspect you can take it as read that those 6.6p warrants are now in new hands - probably German hands.

Interesting from here now - hot short-term RSI so MMs may try and drift her to mid 7s but she could go the other way quite quickly if the cupboard is now bare.

I'm guessing they may be the wildly delayed buys that boosted us past 8p but regardless, it's obviously encouraging to see so many 6.6p warrants being transferred at 8p - at least half of them gone in just those big transactions to my eye.

Frankfurt no less:

https://tradium.com/en/home-eng/

Deutsche Marks ahoy.

Remember that link I posted some time back showing rich Germans storing Rare Earth Metals in a bunker for safe keeping?

Morning.

Well that makes a lot of sense re my note on a possible/probable currency arbitrage opportunity.

Also, big money gathering for Rare Earth projects:

https://twitter.com/AndrewScottTV/status/1180044728357838848

Morning.

Well there's plenty of cash here at this mcap - the mcap and the balance sheet/cash-in-hand being equal at mid 6s.

That's an interesting hi-tech development based in my home town of Birmingham and with government money via the grant being involved.

I can't make that as per but I'd be interested to get confirmation if the cash here is held in Dollars (as reported in the financial updates).

Given a -25% weaker Pound on Brexit (BoE estimate - I concur) that could put the cash-only position here north of 8p.

@ Tiger - the same could be said for many other parties too - I wouldn't be at all surprised to see an offer come in ahead of the BFS which in most circumstances would be very unusual but with the mcap = cash in bank there's zero pence priced in here for the asset(s).

Stick with it.

Evening.

I suggested that Silver would fly on the coat tails of Gold, after a time lag, and so it has - currently knocking around $20 as I type.

IIRC, whilst Silver production may be down c10% here this year so far, the profit per ounce of Silver (c50% of revenue here) has gone from around $4-5 per ounce at c$14 Silver to $10+ per ounce at $20 Silver.

Obviously that's likely to impact the financial position here significantly whilst the Silver price holds up - again, the SP may lag until that's seen to be the case in the next production/financial update but it's looking good so far with questions of value looking far more positive than just a couple of weeks ago. The Gold price isn't going to hurt either of course.

Particularly pleasing for myself was the $15.85 bottom that rocketed the price - a number (to the cent) that I shouted a few weeks back in here.

So far, so good.

@ dimi - FWIW, I had $20/$27/$40 targets for Silver and mid $1,500s for Gold from some time back.

Keep hanging in ;)

:)

Cripes, there's an awful lot of REM in that military hardware :)

RNS: 1.9m of options for directors at the current cash-only price.

Do the math.

I suspect the most salient point to make at this price is that there's 6.85p worth of cash in the bank (reconfirmed today) and MKA's 50% share of the Rare Earths asset, that's already had £12m spent on it, is currently being valued at half a penny or less than 10% of that £12m spend.

If that isn't glaring value, for any mining proposition, then I don't know what is.