Member Info for Dav3J

I think the MMs are pushing the price down and trying to scare some shares out of holders. Like you say I wouldn't want to be out of this for the sake of banking a couple of hundred quid profit, you can guarantee they won't give them away as cheaply when this JV lands. And it is coming.

Weird trading action going on here. Some duplicated trade pairs which suggests transfers between MMs, NT to buy this morning but all of a sudden the price drops to 0.25? I think this is being manipulated down on what is actually a stupendous day for news.

Think they may be filling a large buy order in the background?

Could be the usual "buy on speculation, sell on news" tendency for AIM. The smart money will start coming in during the day as the news gets out, especially at these prices.

No definitive funding in place yet, but it says that they have held discussions with multiple JV partners who have expressed an interest - they wouldn't be doing this if they weren't fairly confident they were going to get the investment they need?

I think the drop to 0.29 was just a Bed & ISA

Happy with gradual rises in anticipation of news. A day of consolidation wouldn't even be bad news at this stage as interest and sentiment appears high.

Happy to be proven wrong Alfa. Forgive me for my flippancy but I don't see anything earth shattering till we land some big contracts to lease electrolyte out, and even then I'm under the impression we don't have enough stockpiled to meet any immediate demand.

No.

It's popping

I would be very wary of them just selling off assets before fully realising their value, in the hope that they can plough this money into other potential projects. Bird in the hand and all that.

Some consolidation was inevitable at some point. Interestingly the MMs aren't crashing the bid price down, suggests they're willing to pay a good price to get your shares off you, wonder why that could be...

I would imagine the drill is funded through one of the two previous raises, I don't expect to see another placing so soon.

Very satisfying trend developing in our MA at the minute. If we don't breach 0.30p by the end of the week I'll be very surprised.

@Hermanus, the trading from 9.47 onwards looked like an engineered drop to me. Odd trade of 444 followed by two round number sells? Doesn't look to have had the required effect if it was an attempt to extricate a load of cheap shares anyway.

And here comes the shake!

I imagine those selling off now for their quick buck will be disappointed when news drops shortly and they can't get hold of any.

Got to be something leaking here to see this sort of rise, surely.

My guess is positive drill results first with some JVs waiting in the wings. Would like to see 0.5p on drill results, JVs and it's anyone's guess, north of 2p for starters.

Definitely looks to be onto another leg up based on the charts, last time we saw a rerate it was when they made the new appointment to the board. Hopefully some movement on a JV or drill results imminently?

What's good to see is that we are settling into a narrow trading range around 0.20p, back to pre Covid levels and yet with more exciting developments beginning to take shape. I'm not one for trading so have held on to mine, I'm very slightly in profit having averaged 0.17p in, but the potential upside far outweighs the very small profits I could skim off now. I'm more convinced than ever that something big is in the works, with both the Iron ore and silver projects, and I don't want to miss out for the sake of an extra few hundred quid in my back pocket.