Member Info for ChazBigspuds

Better buying volumes today and our usual seller is either having a nap or has finished offloading for the time being, but I won't hold my breath.

Still can't believe the SP remains down at these levels, because this has so much better prospects than many on AIM and an existing income stream too with another due next year from Leigh Creek. Would be nice to get some news though, but given past updates, maybe the BoD are concerned that even the best of news only seems to drop the price here!

Irrespective, our day will come fellow SMLers - patience as ever will win through.

Was disappointed to see this mini cash call this morning from MTR, as the BoD used to be one of those rare ones on AIM that prided themselves on shareholder communication. Alas those days are gone sadly, but at least this small dilution isn't one to keep the lights on as is the case with so many on AIM, so to drop to this SP is a real bargain.

Totally overcooked drop as ever by the MMs, so a small top up for me of 51,320 shares to bring my ISA MTR holding to the next round 100k. Do prefer it nice and simple when adding up how much my holdings are worth and this should be a few points higher this week, once more details are released about these significant drill results.

Couldn't believe we were down to these levels once again, so felt obliged to use some of my remaining ISA allowance on Friday afternoon to buy another 152,304 shares to bring my ISA holding to a round million. Still very confident this will be big late next year and still have £3,250 left from the 2018/19 allowance. Am hoping to continue my decent hit rate for finding multibaggers (SML, BMN, MTR) rather than the odd dog that I've gone for in the past like STI and XTR. Good luck to all holders here.

Theyll take your shares all day long at these prices and at lower too if anyone is mug enough to sell them. As ever, the MM has played their hand well and theyve managed to remove much of the confidence out of the market for now, but I'm happy to continue adding each time the SP drops to these daft levels and will add more if it goes lower.

Patience as ever is key, so if youre prepared to wait and hold, then these day to day, week to week, month to month movements should mean nothing, as frustrating as they are - after all, whats change here? I continue to trust the boards vision for the future and that belief was only solidified at the AGM last month after seeing the presentations and talking to the Directors. I can only share their view that at some point over the next 18 months, the market will have to recognise and better reflect the value of this business.

AIM continues to truly amaze me though - how many other shares are out there like SML that have multiple assets, cash in the bank, all operations fully funded for the foreseeable future, another big income stream due to come online in the next few months and all this with other assets being proven up in due course? Aside from Bushveld Minerals and Metal Tiger, I don't see too many.

And how many of you have also seen the horror stories of other miners on AIM, who somehow have bigger MCAPs, yet by comparison, they have little to no cash in the bank, no assets anywhere near to production, but do have loads of digging, proving up, paperwork and expenses to come just to help prove a case for a mine to be built ... and all this with cash calls galore in the meantime just to keep the lights on?!

Crazy indeed - the herd will return here, its just a matter of time.

Whats this about Resilience starting to sell AGAIN? Not been on here for a while so maybe I've missed something, but when I spoke to John Peters last month at the recent AGM, there was no change in Resiliences shareholding on the register.

If the wait for news is too much for anyone, then they should sell, but as I always remind such investors, the words of Warren Buffett will ring true here as in any good investment ... the stock market is a device for transferring money from the impatient to the patient.

Massively oversold and glad to see the trend finally reversing here, as it does make you question your judgement at times and make you think you're missing something. Personally, Im still hoping to buy some more at these prices shortly to finish off my ISA allowance for the tax year and will happily add to the volumes that are starting to be traded again. News will as ever propel this foward and hopefully we'll see a smiling John Peters soon after the blip last month to confidence in our BoD. Personally, I remain quietly confident that we'll see some positive news soon on some of our mines and it would also be a welcome boost to hear a resumption to full supply at Cobre too - lets hope that any news comes through a little quicker than the previous Cobre Sales update.

our persistent seller/sellers seem to be running out of shares, but I have to agree with JP here that the SP is massively undervalued. I still wouldn't be surprised to see another dip along the way as the MM sucker more sells, but lets hope for some positive results from the drilling campaign and a resumption to full capacity at Cobre soon too, so this blip on the SP becomes a distant memory.

I'm no day trader and good luck to those that do it, but despite the odd blip in my past buys, I have a fairly good hit rate with longer term holds and remain confident that SML and its BoD will come good here. For those that want to sell, I can understand your pain as its a testing time seeing the SP drop month after month, but for any STHs, LTHs or newbies with patience, its clear that several of us remain confident of this multibagging from here in due course. I remember feeling just the same with BMN when their price was tanking and maybe I could have sold and bought back in at certain points along the way, but when you're confident in a company and its ultimate value, then that's a gamble I'd rather not take. You can rarely predict the best point to buy in when MM's are doing their best to destroy confidence in a share and despite what some posters on these boards say, buying at the absolute bottom with a falling knife is more luck than judgement. If you believe in the company and can buy at this price or less, then go for it. This market is an absolute casino at the best of times, but youve got people out there happy making 1 or 2 percent in a savings account, yet holders here who can't wait a few weeks, a couple month or a year for a 100 or 200 percent return. Warren Buffet was so right when he said the stock market is a device for transferring money from the impatient to the patient and I remain convinced that will be the case here. Hold firm or sell, but DYOR first and decide for yourself - I for one will be holding and will only start to worry if this hasn't changed in a year or so. Anyway, good luck to all holders here and stop watching the daily fluctuations,as itll mess you up in the meantime, trust me.

19 million shares traded yesterday on a mixed bag of news and the SP was up and down a tad ending level on the day, yet today, just 300,000 shares traded on no news and all sells presumably judging by the prices achieved and briefly, the Bid rose from 1.55 to 1.62p and now back to 1.55p again. This is one hell of a strange share of late, but like other LTHs here, I remain confident in this BoD and its direction, despite this unfortunate hiccup on the trust front announced yesterday. You could perhaps understand not wishing to announce the Cobre news in the middle of the VWAP in March, but irrespective, the timing was poor considering its 2 month old news at least and was presumably known and agreed before the beginning of March too.

LOL - maybe the �17.88 was a Bed and ISA where they bought back �14.26 worth of SML in the 9.31am trade this morning? If its not just a case of a holder being enormously drunk/sedated, then one can only assume its another person who has somehow accidentally pressed the buy button when checking the live price perhaps.

And those 2 sells of over a million each a few minutes ago are another Bed and ISA, but it all helps to paint a picture of sales for the MMs I suppose. I won't be selling BMN just yet to come in here, but I have some others I'm tempted to offload to top up here, as I'm convinced this is another BMN type investment for later in the year.

Yes I'm assuming a lot, but its hard to see who else would be unloading so many right now. Last month, it was clearly in RMA's interest to keep the price low as it got them more shares, which is why I'm so surprised the selling is continuing now, but as Lupidog says, forward selling happens sadly - they've got 41 million shares to play with and have no money (well apart from the �1.5M SML also gave them, but they sold a close to production copper mine for just $100 a ton at a time when copper is one of the most sought after mines. Personally, I cant see who else would be selling so constantly, we've seen no notifications of changes in interest and I can't believe it would be loads of PIs suddenly losing faith here, as all LTHs know the news is coming for a possible multibag. MMs play a crafty game as ever and wont ming picking up some cheap shares. 993444 mentions BMN and that's another compelling investment case I'm in. They too had days like SML for no clear reason and I could easily have dropped out at various points, but I bought at 5, 4 and 3p and saw it drop to about the levels here as I recall. irrespective, I knew they were a good company and undervalued and they were a compelling investment case. As ever, nothing goes up in a straight line and BMN are now riding along at 19p and rising. SML will have their day soon enough and if it continues, I'll have to add to my holding here at some point soon.

Well someone is still selling away regularly here and suppressing the price. Like many, I assumed these sells would have stopped once the VWAP was sorted on Leigh Creek last month, but the sales keep coming in slowly but surely for now. Unless there's another major holder selling, one must assume that RMA are still offloading some of their 41 million shares. After all, the RNS only said RMA had indicated a wish to retain a bulk of its shares until the market reflects the true value of Leigh Creek Copper Mine - they didn't say anything about keeping all the shares they got. Even so, when this seller goes and we get some news on one of the various fronts due, I can see this will catapult forwards, but when is anyones guess right now. As I've said to many investors in the past, Warren Buffet once said that the stock market is a device for transferring money from the impatient to the patient and I suspect that nothing could be truer than that here - give it time. Mind you, the MMs must be building up a mighty horde of shares day by day of late to sell back at inflated prices one the news starts coming through on Leigh Creek and Mount Weld. And if that doesn't push the price up, then SML must be a prime target for any other miner out there who wants an instant income stream and great assets.

Well we still have someone selling bits and pieces in the background and the MM is mopping these up whilst throwing in the odd Bed and ISA to confuse matters further (which of course all go through as sells to further panic holders), but this SP is ridiculously low right now and represents amazing value. I've never liked being over exposed in any one share and these already make up a fair proportion of my holdings, but I'm so tempted to add more here at these prices and its a toss up between SML and BMN right now for me. IMHO I believe both companies will have another great year and I've still got �5.5k left for my ISA after Bed and ISAing another 850,000 of these earlier this week, so maybe I'll have to move more monies soon if it stays like this and consider buying in more for my standard trading account too. As others have said, so much news to come and some of it I feel sure will be transformational ... we've got the Cobre sales update in the next week or two, which will show continuing high turnover and profits and even more cash in the bank, Leigh Creek updates will now become a regular RNS in the run up to production, then we've got Mount Welds air drilling campaign with results due end May and all this with Redmoor purring away in the background etc. I'm often researching shares and truly wonder how some have retained much higher MCAPs than SML. Many have no cash, little to no real income streams, with constant cash calls to their long suffering shareholders to keep the lights on and all this with assets that are largely unproven explorations many years away from production. AIM is truly a crazy casino at times, but as I've always said, value will always prevail in the end and its all down to patience. The only concern is that one of these poorly run exploratory miners looks over at us and puts in a bid to pick us up on the cheap before we reach true value, but whatever happens, I retain massive confidence in the BoD here and know they'll have this in double digits in time.

Pleased to see my remaining 850,000 shares finally moved in to the ISA at 1.14 this afternoon and bought back 847,695 - not sure how that compares to other peoples Bed and ISA transactions, but mine were sold for 1.70p and bought back for 1.7035p. And thanks to the recent drop in SP, I'm about a grand under the CGT allowance too, so can happily sit back and watch these grow tax free now. I remain a very happy SMLer, so MM's ... you can let the price fly now. Suffice to say, both transactions show as sells, but don't be fooled.

Is someone having a laugh - who would sell 1 share? Mind you, there are some people who believe such a transaction signifies an MM message for RNS logged/imminent

Looks more like a bed and ISA to me.

I've often repeated it, but one of Warren Buffet's great quotations was that the stock market is a device for transferring money from the impatient to the patient - that alone says it all about the recent fun and games here. At the end of the day, its basically just luck for anyone to buy in at the bottom and sell at the very top, but to me, this company has only progressed since I bought the majority of my holdings at just 0.27 and 0.37p and nothing has changed in my confidence in this BoD and SML's direction. I remain a very happy hold here and if the MM wants to keep dropping the SP to panic sellers and remove any remaining confidence from new buyers, then so be it for now - I for one will simply be paying less tax when I bed and ISA my remaining holdings here in a few days time and will happily wait for tax free profits in due course when sense finally finally prevails and the value is once again recognised here. There's few shares on AIM in this sector of the market that are self funding and have so much potential upside and you know the BoD will only ever seek more funding for those close to production opportunities that will only bring value to shareholders and I have every faith that Leigh Creek wil lonly add to our coffers in due course. I remain convinced that the games here of late on the SP will be a distant memory soon, so hold firm fellow genuine SMLers, our day will come. The other benefit of course will be that the naysayers who always crop up at times like this will have moved on elsewhere too and I think we'll all welcome that.

Good to see we're in the news ... https://www.ig.com/se/ravaror-nyheter/what-metals-are-needed-for-electric-vehicles-and-battery-storage-180323