Member Info for canillasboy

Hope there have been more institutional type investors getting on board even though they have not revealed themselves.

Anyone and especially institutions can acquire c84m shares in one name before tripping a TR1 so they can remain anonymous if they choose to or until they wish to reveal themselves. Doubt anyone has been able to build that level of stake yet so maybe ongoing.

My feeling on the fall after the MRE is that it was orchestrated in order to get those that wanted large quantities of shares the chance to build their stake at a preferred price. I know that sounds like conspiracy theory but there was no financial reasoning for the fall and there was, imho, insufficient numbers of profit takers to cause that kind of sp fall. So for the moment that seems to have passed or reduced sufficiently, and we are consolidating again awaiting further positive project news.

Behind the scenes I believe the BoD and team are working feverishly to move the project along in the best way and at speed.

We need an sp c17p to get to £500m market cap on the current share issue.

Not impossible but will need more positive project info to support that. Give it time and we should get there.

Agreed

You have to realise that if a company (ies) take a long spread bet position if the exposure to the spread betting company is large enough they will actually attempt to buy the shares to cover themselves thus driving up the price. Similarly if the company gets shorted heavily they will sell the same shares to cover their own position. this activity can drive the sp higher and lower in both directions.

BB I think if they set their target they can make things happen with the sp and spread to suit their own plan. They have millions of £'s to play with and do so to make more millions. Unfortunately the way the UK law stands with this there is nothing to stop them. It is like legalised robbery. Unfortunately small private investors are usually the ones that pick up the tab.

However, please do not take alarm from this as I am not saying it is happening now or likely in the future just that it can happen and one has to try and look for the signs without becoming over confident with a share. I have suffered exactly this before some years back with different AIM company.

Whilst we are all focusing on sp upward movement we should always be mindful of what may be going on behind the scenes.

Institutional investors are good overall for stability as we move forward and build further financial confidence in the company/project.

Just have to be careful in this phase over coming months as hedge funds can make companies like this targets for pump and dump. Where they steadily buy up shares and at the same time spread bet it upwards in a steady way. So as they buy up shares and spread bet up gives impression of steady progress. Once they have built sufficient stake they can sell them as swiftly as possible at the same as shorting it. So they make themselves a good killing in both directions.

Not saying this is going on or going to happen but when sp moves up or down with momentum but little financial rationale to support the movement sometimes you need to look to something like that as a possible reason.

Tbh volume has not been large over recent days only 1-2% of available shares. That said it is still encouraging that we are moving up on very low volumes. Still could be institutions buying in slowly as shares become available. Have to think some will be building stakes in this as too good to miss.

Off to a steady start, looks positive atm. Let's hope we end closer to 6p by end of day.

Could be MM's finally letting the brakes off after holding for a few days while their deals were done. Now real sp coming to the fore.

Also bear in mind anyone/institutions can build c85m stakes without triggering TR1. So they can also build their stakes in technically different names sometimes to build bigger stakes. Seen it done before.

It also follows that they have the power to deflect T/O offers too.

Noteworthy that Tun West now has 4 shareholders that hold c58% of the shares all being Institution/Hedge Fund type investors, ( one holding 28%). This can be good and bad. Good in that an unwelcome T/O is controlled by these 4, bad in that if some or all decide to court a suitor or get an offer, they have the power to make it happen. Atm they seem content to commence production Q4 26 into 27.

Just commenting as there may be things to watch for with SML as time goes on. Watch for large investors increasing stakes etc. The same applies, can be good or bad from T/O point of view.

In the meantime let's enjoy our continued blue progress.

It is predicted that 95-140k tons of tungsten will be required in 2026 globally.

Main use is in the manufacture of cutting tools, and the like, 50-60% ,which of course have multiple uses in manufacturing precision products of industrial and military use.

EV's use on average 2kg per vehicle also. There are a multitude of other industries using tungsten products in manufacture mainly utilising tungsten carbide.

The Korean mine is expected to provide 40% of non chinese tungsten to the west and the Hemeredon mine 20%.

So the Redmoor project is predicted to contain more than Hemerdon so that indicates more than 20% of non chinese global requirements. Quite a bit then!!!

Hope we can all stay on board to production as the possibilities are mind boggling not to mention the share value. Not sure if we will but hope we do.

GLTA

Looks like someone is loading up . Already 4.5m bought in 500k chunks and still going. Expect sp to remain static while order is being filled. Maybe further delayed trades come out of woodwork as day goes on sells or buys. Not expecting much change today unless some other news/event comes to light.

Ok so we ended almost even for the day, 14m shares traded so almost nothing hence price flat.

Just for fair comparison btw GMET only has 194m shares issued so sp much better than SML and whilst they have no income they just raised $60m in the states to fund ongoing project. Tun West have 1.25b shares issued and recorded a £20m loss Sept 25. So by comparison SML are financially ahead of both but behind in project progress. Meaning we should re-rate upwards in coming weeks with news flow etc.

Next week we may have some SML generated news but not expecting earth shattering but likely positive if it comes, so good for consolidation .

Sp Angel and Zeus are both almost overdue now with their forward forecast for SML which can only be positive based on both's previous comments, so that may push sp forward a little as larger institutions may take further note of their statements. As others have already said, new ISA year starting so many PI's may also be ready to give SML a go too.

Overall all good with news to come, as and when , and we just wait for it to filter through and grow our stakes.

Enjoy the weekend everyone ( except you know who!!!)

Think today likely will end up even on the day and then maybe some more positive info next week may start us back up the ladder.

Enjoy the weekend break from all this.

Yes and only 17m traded. Quiet day today. Maybe things on the change again. Let's wait and see.

Daltry

That is kind of what I am saying and I know Sp Angel and Zeus are main brokers,

Am no fan of MM's myself either.

Today only 38.5m shares traded with only a marginal excess of buys to sells, so balanced really. Yesterday 56.5m traded with nearly 14m reported as delayed/late trades on LSE today. So together c95m shares traded in two days representing c3.3% of total shares. This quantity should not really, in any way, result in the volatility currently occurring. So am thinking there is some dealing going on by MM's and customers, "legitimately no doubt" and this is continuing to keep sp depressed.

Probably old directors continue to trickle feed their selling and maybe some institutions building positions in a similar fashion. Big players (institutions) often get special treatment I feel.

So there is no lack of confidence in the project or the company, in my view, that is being reflected in share trading. However, whilst this level of share trading continues it is unlikely to move dramatically either way.

Also wonder if Sp Angel and Zeus will hold off making their comments on the recent MRE until they can see light at the end of the tunnel. Both of them will be fully aware of the share movement situation being leading SML brokers. As it is expected, based on SP Angel comments regarding their "fair price" estimate, that both will be making favourable comments on the recent MRE and forward looking progress of SML, they will hope that their comments will be reflected in positive sp movement after they publish. So when we see those surface perhaps the worst will be passed for now .

Still for me there is no panic or concern and am happy to continue to watch the project develop further and the sp to gradually gain ground to reflect that.

GLTA.

Looks as though the roller coaster ride will continue. No idea where this will finish today. At some point in the days ahead it will calm and normal service will resume. In the meantime we can just watch the ups and downs as they appear. Soon enough we will move up again to reflect the real value of the asset.

Yes but there was always the slim possibility he bought individually and was not involved in the subscription although I don't believe that and understand the others in the subscription do not cross metrics for TR1.