Member Info for canillasboy

Well it remains unclear exactly what is going on, other than some kind of orchestrated sale that will end at some point, hopefully soon or already. You BG were purporting here that there was no seller or sellers only a while ago but then changed your tune when the herd agreed that that was what was going on. You do at times purport to be the fountain of all knowledge in matters SML when that is obviously not the case, although you, like many others , can make some good points.

Point taken but makes no difference to the point .

We have to remember that we class a busy day at 60-80m trades that is only 0,02% of shares in issue.

Today atm we are blue and dare I say it maybe in the process of turning the graph back up again.

Despite many feelings of "dirty dealing" of the MM's, SML is small fry to them and they will mostly just be responding to the liquidity of the share and not not holding hardly any shares. So when we get big sells or buys we may see over expected sp reactions.

The project remains sound and adding to its viability all the time, so we can expect a revival in sp at some point soon ( maybe even today is a turning point never know).

Look forward to 8.5-9p 2nd half of June early July.

Possibly the tungsten could be processed at TUN by their magnetic process , maybe if that is removed the remaining ore could be shipped elsewhere for the other metal processing to be done.

Not sure if plants at Cornish Lithium and British Lithium nearby could be suitable or adaptable to process Redmoor ores.

Would have been good if UK Gov had looked at TUN and SML more closely and thought about builduing there own processing plant to keep the whole thing in house. It requires very complex processing as all the different minerals are extracted in different ways but it would have brought more jobs to UK and longterm ability to process others from around the world.

It could be a win/win. They could process everything at TUN and some of the residue might be usable at Redmoor to back fill the mining at Redmoor beyond what they can back fill themselves.

As there have been no TR1's issued since 20th April, the point at which the sp has been under most downward pressure, then no existing large share holders have traded, at least not in their nominated name of course. Since 20th April c710m shares have traded inc today with c210m during the revival week (7th-14th May). So the concentrated selling has been for about three weeks ( or during the revival week the buying was very strong and overcame it).

As the project info has only materially changed slightly ( to the positive with recent RNS info) but remains very strong, then one has to believe that the sp will at some point very soon recover to reflect the projects dynamic. I know not everyone is a chart enthusiast but looking back and looking at the peaks this year there is an implication that we are now at the next higher low point and that the next higher high is looking to be in the second half of Juneor early July at c8.5-9p. Unless of course we get some more special news in between that changes that course. As I say I know many are not enthusiasts of chart reading but there are many successful investors who find them a very useful tool to map their way forward.

Anyway time will tell. Onwards and upwards!!

Also never quite understand why the "late" trades appear on here and yet they are listed in chronological order on London Stock Exchange????

It seems crazy that up until 1.30pm c39m shares trades today. that is c0.017% of the shares in issue, roughly half of which are sells and buys and this creates up to a 10% fluctuation in the share price.

c67% of the trades were 200k or more. It almost seems as though there is an orchestrated exchange of ownership with the spread being the cost of the transfer????

As this offloading has been going on most days since April at least, selling at an average of say 10m per day that would be c300m shares in 6 weeks or so.

Doesn't seem to be known large holders as no TR1's tripped ( so far) so implies it must be large holders under 3%. So apart from the old directors who maybe have been offloading their c80m each, must be a few others too. Maybe some lth's that want to realise their cash now and who could blame them if they bought a lot at fractions of a penny originally. E.g 80m bought for say 0.4p was £320k now selling at £4m+ is not a bad return and they have the comfort of actually having the cash now.

At some point soon the offloading must start to dry up, can't believe there are loads of big holders wanting to offload at this price when there is likely so much more to be had, but hard cash is hard cash and 10+ bagger will have been a good job done.

we will see as the weeks progress.

Guess we will see if some big buyers are still in the market as we go through the day.

Seems like tempting providence has proved positive. Some seller(s) with regular sells still in evidence so maybe we are not quite done yer. Not big sells atm but repetitive.

Maybe the big seller(s) is/are done for now and the big buyers too with little or nothing to buy. So we are left with new investors and existing ones topping up quietly, with just a few sellers. The volume was very low yesterday, and today so far looks the same, so maybe we can expect a slow move up over the next few days if the same situation prevails.

Still more news to come next couple of weeks but not expected to be earth shattering but all to the good.

Each step forward in the drilling program together with other project information being released continues to move the potential uncertainty toward the certainty that the PFS will provide to the market. At some point those that are not yet invested, will realise this and create the beginnings of a stampede for shares but that will be some time in the future imho.

I think it will be just a question of watch this space.

It is a very positive RNS illustrating the further project progress and confirming drilling program is financed and moving ahead at speed subject to planning, which it is expected to be granted given it will be very similar to previous requests, but nothing is for sure.

The Sp continues to meet the headway of a strong seller(s) in the market although more recently more and more strong buyers are moving into the fray too, that are beginning to overcome the selling pressure. So if the buying interest continues and is likely to grow as more and more awareness of the project potential becomes more common knowledge the sp should, in the coming days and weeks, march forward towards the 14p fair value figure.

Well they did an update last year for Cobre Sales 3/4/25. So they are a month late on that already

Slurm, I think it does need an RNS, trading update. Can't have "no news " when it is due.

Q1 update now well overdue. (Q4 was published 9/1/26) So I hope there are no problems that are sitting in the wings??