Member Info for ChazBigspuds

Who'd gamble against more delayed trades this evening?

I still think someone is loading up here, but at least the SP has finally begun to start bridging that gap between where we were/are and what this should be worth.

but I'll make an exception here. The SP is being mightily abused of late and whilst its never easy calling the bottom, I'm happy to have bought another £5k worth this lunchtime at 34.15p.

Of all the shares on AIM, this has remained my longest and most confident shout all the eway from the 3 pences and with so many pieces of news due over the coming months, its only ever a matter of time.

Personally and selfishly, I'd be happy to see it stay at these levels or less to 6th April, as I still have 40,000 sat outside my ISA that I'd love to Bed and ISA then. No sells from me, as I want to continue riding this one out.

Or the De-Rampers. Ever.

DYOR as ever.

Some huge buys going in today since lunchtime.

I can't imagine even the board ever expected to self fund Redmoor or get finance on their own - its always been a huge prospect that we'll need a big partner on or get bought out of. Its the juggernaut and a huge prospect now and if the NAE vote goes through, then it's another massive plus closer for SML that could see this go in to double figures over the next 2/3 years.

Cant see any reason why we shouldn’t keep rising a penny here and a couple of pennies there over the coming weeks until we reach a truer value. Nothing goes up in a straight line of course, but there’s lots of positives here, loads of cash, huge profits and positive future plans from a board that knows where it’s going and is achieving - rare on AIM!

Absolutely and a good few years with a lot of work and extra funds needed before they make any money out of it too.

I signed at 1577, but its over 1600 now - far too many games being played by some on this market and all of us have been spiked at some point and seen our profits taken away, with no change to the fundamentals, even at BMN - a worthy cause to get action on.

https://petition.parliament.uk/petitions/242399

All very positive and only makes the SP look even more undervalued here IMO. If trading continues at these levels, then I'll certainly be looking to add more to my iSA from April, as I still have a 30 to 40p target on this one short to mid-term.

Good luck to all holders!

At times like this, I really wonder how MMs hope to attract new investors to such a casino like the AIM market when you see shenanigans like this happen to what is effectively a favourite?!

All we’ve seen of late are some well timed sells (tiny in the grand scale of things) somehow making the SP of an AIM100 company drop a penny or two daily, despite the buys consistently matching or exceeding them by end of play. Nothing has changed - the fundamentals and all the reasons we bought in remain intact - so its hard to see how this can be anything other than a huge and determined manufactured drop. I've said it before, but I sometimes wonder if the MM could drop shares like this to a penny if they wanted to and it really needs investigating, because the game is seriously loaded.

Its been same old, same old for weeks now ... you have:-.

Doom merchants out in numbers muck spreading on bulletin boards ... CHECK
A quiet time for news (which is odd for a news rich company like BMN) ... CHECK
SP being dropped and dropped on a few well timed sells, despite buys continually matching or outweighing them daily ... CHECK
SP reduced to levels none of us thought would be seen again and then dropped even further, to help shred any remaining buyer confidence ... CHECK

It’s a guessing game now as to when it will turn, but if it continues for much longer, BMN will surely become ripe for a takeover bid?! I genuinely can't recall such a relentless push to get shares out of shareholder hands as this one and it’s painful for many I'm sure and a real test of Warren Buffets patience statements of the past, which still hold true.

Not disimilar to the BMN update seen yesterday. Down-time issues affecting production (which the MM will always take advantage of to drop the SP for some cheap shares), but like BMN, SLP are still turning over a good profit, have lots of money in the bank and are fully funded - there really aren't that many AIM stocks in this sector that can boast such a healthy position.

Anyway, we've had the inevitable drop of course this morning, but ultimately, I think it won't be too long before sense prevails and this will continue its onwards and upwards climb to a fairer valuation. Patience as ever is key.

This manufactured drop is really quite laughable. How many other companies on AIM could quote such figures and there's a few on the main indexes that would bite your arm off for such profits. Ho hum - anyway for now, let the shorters have their fun yet again trying unsuccessfully to panic holders in to selling and fingers crossed Fortune will pull one of his rabbits out of the hat soon to catch the buggers out properly.

This is all happening with just with one piece of the jigsaw in place and if the volumes persist here, then we should continue to see more of these nice little increases day by day (with the odd small drop here and there), as we edge ever nearer to a value more befitting this share. As most LTH's know, there are several pieces of good news due to hit over the coming weeks and months and a target of 4 to 5p and more becomes ever more likely as each duck comes in to line.

Interesting timesahead and it's going to be a good year for all SMLers.

When I spoke to JP last summer at the shareholders meeting in Hammersmith, he believed that Resilience hadn't sold any of their holding at that point from the Leigh Creek sale, however, I'm coming more and more to the conclusion that it can only be Resilience now. Judging by the constant drip of sells each time the SP rises above a certain level, it looks like a big holder who has given the MM instruction to sell their shares in 1/4, 1/2 and 1 million blocks at x price.

As you may remember, Resilience got 41,567,639 shares under the deal which would have just triggered a 3% declaration, but of course, 2,866,730 shares were held back until 5th March this year, so they ended up with shares below the 3% threshold. The main balance of 38,700,900 the shares were given in 3 blocks of 12.9M shares - the first block Resilience could do what they wanted with from the outset I believe, the next block were held in escrow for 3 months after issue (so presumably 5th June) and the balance was held in escrow for 6 months (so presumably 5th September).

No 3% announcement, lots of sells over the last few months, so it would be an interesting exercise to map our how many have been sold over recent months. I'll have to see how far my ADVFN records go back.

Crazy spread quoted still bearing no resembance to the actual prices BMN is being traded at and you have to wonder who the MM thinks they're fooling or what the gameplan is? 40.595/40.175 is the true spread, but as others have said, it feels like the lull before the storm.

Good things are due over the next few weeks and months and at these prices, BMN remains a bargain on AIM for anyone not already loaded up. Personally, I feel 60 to 70p is very much achievable over the next quarter and of course, it could be a whole lot more, dependent upon which of the many items of news is delivered over that time. Patience as ever is key as all LTH's know and 2019 will be a massive year here only building on previous exploits.

As I've said before, the first part of the jigsaw is in place and its pleasing to see increasing volumes here day by day of late too. If volumes persist tomorrow, then maybe we'll see another 5 to 8% added, as we edge ever nearer to a value more befitting this share, before the push towards 4 or 5p later in 2019, as more of our ducks come in to line.

Happy days.

Better volumes here and the SP is slowly being walked up of late, so happy days. Am looking forward to the results later this month which should be amazing and an increased cash position too for future acquisitions and increased dividends. All gearing up well here IMHO.

To me, it looks like we have a seller who is intent on either suppressing the SP or they've instructed the MM to sell a large block of shares some months ago in 1/4 or 1/2 million lumps up to a fixed price.

Either way, it can't go on indefinitely and at some point, value will have to prevail here and like a coiled spring, it'll fly. I was rather hoping we'd have seen an announcement of who the seller was by now, but it clearly hasn't triggered any of the percentages yet by the looks of things, but there's only a handful of holders that I think it can be.

This is great news and is the first part of the jigsaw in place on our ride up to 4/5p this year.

We just need the major client to come back in line next, then Leigh Creek production news and some updates on our other assets and the jigsaw for 2019 will truly take shape.

I'd be surprised if it covers the biscuits!

This is just another p*ss poor deal for shareholders and it sounds like Mpokoto was basically sold for 3 beans and a future trickle of nbothing more than £500k a year. I'm assuming its 1.5% of actual gold sales, but I suspect the smallprint will say its after costs, so we'll be lucky to get £100k per year!

Anyway, b the time this mine actually gets in to production, this shower will either be 2 or 3 placings further down the road keeping the lights on or more likely dead in the water, because everyone has given up hope of ever seeing any shareholder value here.

Truly hopeless and this BoD continue to prove that they are a complete bunch of Pugwash's and none of them clearly have any control over this boat.