Member Info for CHRI5P

I actually do think the technical analysis can show that more PI's are buying and so more buy and so on and on no amazing news from the company especially in AIM. However, in AIM mining the rise tends to coincide with a rise in the resources such as copper or the PI's expected rise in the future such as gold. It works the other way and technically post consolidation we were a dog and absolutely no body wanted us. We are still trying to get over this dog tag and we have had so many disgruntled shareholders. When the graphs start to look better it tends to show the last of the LTH's selling out and we can move on with sticker new shareholders.

DORE123 yes we did but it was to be spent on capital expenditure which some will have been spent - a lot more than £3 million will have been spent in the last 6 months don't you think?

I have re-read the RNS and think this is a much better RNS than some shareholders thought and was trying to give a few clues.
DFS I think tells us that WK is going to make a lot of money next year and also saying that we have $7,000,000, in the bank after all the capital expenditure this year demonstrates we are already making lots of money and that WK is worth a huge amount of money on it's own. He is letting potential buyers know we can go it alone and we can. Mentioning the company is still progressing the sales process was to give balance.
I think the sales process and deciding who buys what is too difficult and that we might not get value for WK in an outright sale. So, I think we will now keep WK and sell say 55/60% (a controlling stake in MT) for around 50p a share. This will be so much easier and also will give us a much higher pound to each % of MT whilst we keep a stake in what is a huge potential mine and a mine which will be very profitable this year. The whole 50p could be handed out as a dividend. Just my opinion.

If we look back, 45p was the previous high, 37p the previous, previous high and the one before that is 28p. On the last 5 occasions we have fallen back between the 2nd and 3rd previous highs and bounced back to make a new high. The good thing is we have not tested 28p yet. Yes, we are close but by holding above 28p for such a a long time builds a base to rise quickly and unless there is bad news then because I think most of the sellers are out. the shorts already have their positions and a huge number of PI's who cannot resist getting back in and make more money on the trade. I think pressure is building and it will release like a catapult, the shorts will be buying to cover their losses (a short squeeze) and reach and pass the previous high of 45p - so it might be worth getting in before the push - I bought another 100,000 at around 10:10 today at 28.91p a share just before the good RNS.

I agree Mac a bounce from 28p a previous high would follow the pattern for the last 7 months and make a new high above 45p.

I am pleased we are holding above 10p. The good thing is that we have indicated resources and unlike GGP we should have more than just dust in one of thier mines. GGP demonstrates how bizarre AIM is. The drilling results will hopefully improve the stated resources and this is likely to help the SP. Biden is in and he can/will literally spend, spend and spend and base metals are going to go through the roof and so expect record base metal prices. However, we do need to push on because I think in 3 years time it will be boom, boom, boom and the party just beginning might be stopped abruptly.

I don't own XTR but do own GLR a good placing and so what if shares have probably been forward sold. I will let things settle but 4/4.5 would be a good entry point. If I miss the boat again so be it.

Shed IMO it is not in the interest of the BOD to let SP go through the roof quite yet because they want to accumulate more options during the summer. I seriously don't think a placing will be required and any formal announcement of copper drilling in an RNS will make the SP take off. If PI's are truly in for the long game then a short term SP does not matter but longer term we might have a terrific opportunity which the BOD want to be part of. The EUA only gave the saucy RNS when they had done the hard work and had a stake. However, they knew what was there and what they were going to do years before us mere PI's were going to get the full story. Nevertheless, we also need our resources to be worth a mint as well.

Sorry got confused AMC have nickel and copper so buy EUZ if you think Zinc will rise this year.

I forgot IRON and UFO.

Morning everyone and the new ramp of the AIM Mining world is copper. XTR, RMM, GLR all have it in spades but RMM's the only one producing it (I own GLR and RMM). In the summer it was silver and to some extent gold. PI's follow the commodities it is that simple. Now we have silver and maybe we will be able to show enough copper but we have Zinc and the amount of infrastructure spending going on this year PI's will start to follow zinc so fill your boots with EUZ and AMC (I don't own AMC, GLR have loads of zinc) because once the commodity train starts on AIM mining management performance short-term is irrelevant. Have a good day.

I think we will go it alone and we will get funding from someone like Orion. However, they will require all the research done for at least a PFS . If or when this happens then this will rise but will have already risen on the anticipation. I have been trading many AIM shares last year and the pump and dump is everywhere but a few like EUA and GGP just keep going. If I had not traded EUA I would be £440,000 richer! This is a problem because I lost all my money in an AIM mining share where I was £100,000 up - I blamed myself for that loss but AIM is a huge bet. The point is we are in a casino and how long can you hold your nerve but the shares can increase by extraordinary multiples because they had been pummelled into the ground, like EUA, GGP and UFO were. I do think EUZ is one of those companies and I can't see myself starting to sell any of my stake until we reach at least 30p. Even though I think fair value is 40p - I can't risk having more than £400,000 in one AIM mining share. Time will tell and for me the de-ramper's will always have their day in a AIM Mining share but they always miss out on the big prize and our day will come and before funding for the construction of the mine is anounced.

Shed yes I was putting timeline in context. I think we bought the Toral in 2016 and the resources were inferred. I just wanted to let PI's realise that management have not done that bad yet and AIM mining prospectuses should have a time frame warning. However, like a broken record I will repeat that I would not be suprised to see a PFS before anymore placings.
On to last week and closing above 10.5p for 2 days is very good news. Let's hope next week can continue I still feel we have a long way to go before fair value.

I think exploration companies coming to the market should put in the first page that the average time from an inferred resource and the start of drilling to production is 15 years so that all investors including inexperienced ones know what they are buying into. When you follow many AIM Mining shares and all the placements this becomes pretty obvious.

Exactly DXB1 you don't post much and I don't think you're only motive to wind board members up - you are just saying it has you see it which is your opinion and right to do so.

non refundable in the form of another loan

Bricks Shed answered the first point and having a fully productive mine in 2024 is not impossible in fact I think it is likely so we can make the payments. I also think and have said before the Junta want this to be producing soon, they will need to see a PFS and might give a refundable grant has part of the construction of the mine but they are certainly on board at the moment.
Shed I have been pleased with the lse board so far this year and there have been interesting posts but the 2 people I have filtered just never add anything and have their own agenda in annoying the posters who do have constructive thought. they will not change and like covid 19 at the moment just won't go away.

BB filtered

No placing this year so why would we want one next week. BB all your posts are about what you believe happened to EUZ and it was not my investment error but you give no incite to any other AIM stock. Until, you give a constructive and informative post why would anyone give you the time. You have very little invested in EUZ because you would not keep coming back with the same broken record or maybe you have trouble crasping anything other than your script you have repeated time and time again. Can I give you a bit of advice we know what you are going to say, placing, placing, placing there you are I will repeat it so you know we have heard loud and clear. Now go and ×××× ××× there's a good chap.

15-Jan-21 11:38:41 10.80 145,474 Sell* 11.00 11.50 15.71k
Probably a LTH selling out- uneven number of share sold