Member Info for CharlesRyder

-Happyzone - The argument for the necessity of that trainline was never rock solid.

Our, and NATO's, need for tungsten is just however.

This is a great asset but I too was sceptical about it actually coming to anything ultimately because of local objections, Net Zero and the state of planning in this country.

However....firstly, I was very reassured by all the local holders who came out when I raised the issue to give their view on its prospects. Above all else, it showed me that there are plenty of holders in the vicinity which means plenty of voters for politicians to consider.

Secondly, I was at a Franco-British conference on the defence industry yesterday. It was remarkable how often (politicians, civil servants, industry) the topic of securing 'strategic minerals' came up. Everything in government (except possibly Net Zero) in the UK and in Europe (and indeed the US) is aligned to support the likes of SML. I now feel that, by hook or by crook, this WILL happen.

I'm 53, I've been in since 2017 and it's 'Stick' for me. I had no savings and no pension at that point; I do now! Key point for me to go pretty much all-in was when the drilling company at Hav took 33% of their fee in shares. Whenever I've thought I need to get out or cash in, I look at the fundamentals of the company and the macro environment and just think this has got so much further to go. Pay off the mortgage? Why? I may paying 4.5% but GGP gives me many times that in a year.

But you don't have to 'Stick' with it all, although that's as good a strategy as any imo. The rise and then drop from 2 to 38 and back down again taught me about the reality of the Lassonde curve and how to benefit. When I say 'taught' I mean a hard lesson as the SIPP+ISA goes from +£400k to ~£140k!

So I took my medicine. Recently went pretty hard with Strategic Minerals, bought heavy on the rumour, sold out at large profit (+200%) on the news (26th. March), put it all back into GGP and watched as the shareprice bounced up from 500 to 766. A decent trade which I will look to repeat, ever mindful that, this being the UK, the chances of SML ever becoming a mine a much less certain that GGP at the same stage. Longer term trading pair likely to be Caledonia Mining depending a bit on SML's prospects.

So you can trade and really boost your returns if you find a good pair to trade and you've built up a big enough pile. But GGP taught me all this, so the journey has been great from a shareprice view but also a market awareness appreciation also.

Traderboy - I'm also a LTH, having seen the potential in the company since 2017. I'm very happy with this management team and the direction and with government, local government and even the US government potentially behind it, SML has some very strong tailwinds given the overall tungsten market.

But my one BIG concern is this country's planning laws/Nimbyism/green lunacy.

Traderboy, as you're on the ground, what's the local response among the populace to the prospect of a tungsten mine?

Interesting that the last two days have seen the highest volume of shares traded in the last 12 months on consecutive days, with only 29th. July and Dec. 10th. higher daily volumes.

Today looks decent too.

All the action is in those chunky 'unknown' trades. Anybody have a clue whether they are buys or sells?

For mine, I've sold some to hold as cash to see which way it goes on Thursday. I feel the 'sell on the news' is actually sell on the certainty of the timing of the news which is what we now have. 'Sell on the news' effectively dismisses whatever the news is so that it makes some sense that the announcement has started the people selling.

However, the news might be very, very good on Thursday, so good that the value implied demands a re-rate. Hence hoarding a bit of cash. This is a great long-term share but having been in GGP and seen it go from 2p to 40p and then almost all the way back down I intend to be a bit smarter on this one. GGP has and will turn out great but it took 3 years in the doldrums before it started to ramp again. Choose your weapon of choice; trade a bit with core holding or just hold on till production is a real prospect in 2-3 years.

Been here since 2017. Almost gave up but kept a residual 2k...until November. Have added and added and added....and then added plenty more this week. Been in GGP and SML since 2017; anything I'm missing?!

And, yes, I've been to the Tamar valley a few times and it will be great to see some proper industry back there.

Can't believe this! Just put through 15k order no problem on Barclays and HL still down!!

The delayed trades will make this gyrate and who knows therefore where we'll end up today. What's really encouraging is that the amounts bought for +3.50 are chunky, solid trades of £1000+. Shows real interest and conviction from whoever the buyer/buyers are.

Along with Blackrock's vote of confidence earlier this month, when Macquarie try to talk GGP down it's just a massive buy signal for me

Largest volume of shares traded in a year yesterday. Frankly, selling the Batangas stake only makes sense if the MTUP is granted.

The masses did catch on! And then everything went sideways so now they're a touch wary which is only natural. Some of us stayed in and added, and this will hit the afterburners very soon.

Consolidation, as far as I can understand, should in theory me no change in value but it's the secondary effects that can impact existing shareholders. Consolidation can be a defensive move by a company if they think the price will go down. We are not in that position! So does consolidation mean that with a lower volume of total shares in a high demand market, the consolidation will likely boost the price compared to otherwise because the overall number of shares available will be less and therefore significantly more 'sticky'?

I hope so and I'm sure there will be in time but I think the main reason for tick up on no news is because it is now Q2 which is when the decision is promised. People are positioning themselves so as not to miss out but if it's April or 30th. June is not in our or BMV's gift.

Nice birthday present, although nothing guaranteed. Was beginning to despair of any news in Q1 25.

As of today's close, up ~25%.

Nice work if you can get it!

Top up available at 1.30p?

Are you kidding me?! I'm in!!

Currently seeing 10m shares bought at 1.60. At that level of demand, it will go higher today.

GGP has done this before and then dropped back down so I'm cautious. But what with BMV and GGP making up the bulk of my portfolio, it's not been a bad couple of weeks!

Agreed. A definite step-up in confidence and clarity.