Member Info for ElectricLion

Lot of fuss about nothing IMHO. Let the man do his job.

Https://www.youtube.com/watch?v=ln7Vn_WKkWU

SP seems pretty stable at 1.5p to me. Looks like it will take news to move it. If bad news, maybe a chance at 1.2p or below, but I expect the next news, when it comes, to be equity closure, so you pay your money and take your chance.

We already have $240m comitted by the banks, and we are led to understand that there are more options for the equity piece than we need. If one of those options think they can play hard-ball, then they'll be the ones missing out, not us.

Personally, I think it's amazing what has already been done, considering that, in theory, we have no money to pay for it yet! But there's only so far you can go until the big bucks arrive in your bank account, so be realistic.

The track record has faltered of late. Cryptos down generally. MSTR $181. Blackrock's IBIT fund down 13% in 6 months. The sector generally acts as a leveraged play on tech trends, which have had a very strong recent history, but with the angst over a potential AI bubble (the angst itself may be over-blown, but even so), it may be time to sit on the sidelines, even if you did happen to be an ardent supporter in the past...

Even if it did just continue inexorably forever upward, it still wouldn't be the only way to make money. Plenty of other ways to achieve that aim. Lest we forget, or take it for granted, gold sits today at $4223/oz (up 59% over the year) - a number that was barely imaginable just a year or two ago, and you'd have been derided by the vast majority of armchair pundits for making such a prediction at that time, but probably by crypto bros most of all! Commodities in general having a good time of it, so no need to speculate on bits and bytes if you don't want to.

Rule number 1: Don't lose money!

Rule number 2: Don't forget rule number 1!

Probably last post before I filter you again bonkers. You're the one that's lost your perspective. You wouldn't still be here otherwise, having sold at 1.9 or whatever. Certainly wouldn't still be moaning about the past rather than looking to the future.

HAA gets paid for doing a job, as well as being a shareholder in the company he runs. I also have a job, as well as being a KEFI shareholder. Those two things are not mutually exclusive. All I have to do for KEFI to make me money is wait, whereas he actually has to run the company though all the various trials and tribulations it has faced (why exactly do you think KEFI lost 5 years? Was it all 100% HAA's fault, really???)

Yeah he probably wants to have his cake and eat it too, just like all of us would, given half a chance. But all of that is rather beside the point, at least as far as I am concerned, given that he has already made me quite a lot of money (on paper), and I expect he will make me more. We can all play "what-if", but the fact of the matter is, the SP is 1.5p-ish, not 0.7p, so arguments based on what-if it was 0.7 is as irrelevant as what-if the SP was 5p.

Find something else to do with your time, seriously. Is this how you want to spend whatever remains of your time on Earth - arguing with strangers on the Internet about the merits, or otherwise, of a single company, in which you no longer hold shares?

The relevance of the coins is just for scale - like a banana! As far as the cores themselves, they're just some pictures of some mineralisation at this point. Unless you're a geologist, it's hard to know much more than that. Don't over-think it.

No matter which side of the fence you're on, it would really help if people started mentioning the time-frames in which they see, or don't see, the SP hitting a given level. Comments like "this IS going to 5p" and "this is NOT going to 5p" are equally pretty meaningless without that context.

Personally, I don't see 5p this month, but I do see it in 3 years, or less, unless something goes wrong, of course.

I would consider throwing KEFI into the mix. Not in the same league as the others mentioned, yet, but also valued considerably lower. DYOR.

MTL and KEFI are my largest holdings at the moment. I spotted THX ages ago, but bailed before the SP took off. Kinda regretted it as I got a good feeling from the CEO's interviews, but haven't kept in touch and not sure how good value they are, at today's price. AAz, AAU, AMRQ, OMI are on my watchlist to research further, along with Equinox, as Ross Beaty seems to know what he's doing, but again, not sure where the value sits at today's price. I've made money gambling on WSBN in the past - may try to do so again - but not inclined to suggest anyone else does so unless they like a flutter every now and then, to go along with their less risky investments!

Ah, I see. So, you admitted that the reason the SP has increased is because progress was made. Interesting. Do you think the SP will increase further when further progress is made?

Say, to producing 160k oz at ~$1000/oz AISC, giving roughly $480m/£362m profit (before debt repayment, etc)? What do you see the SP at then?

5p, or a £500m MCap, gives a P/E ratio of about 1.38 at that point. Would you agree that seems a little low? If so, then we agree on many of the basics already, and it just becomes a matter of time.

96p seems... excessive I grant you, I don't think that will occur, nor do I require it to in order to meet my own targets here, but your bearishness (if that is what it is - mostly you seem content to attack other posters without adding much value yourself), is the other side of the coin. As is usually the case, the truth may be somewhere in between...

Ah well, I'm not on Telegram, nor does it interest me TBH. From what I've gathered, it seems worse for echo-chambers than LSE.

Did you answer CarefreeCarry's (I believe it was) question, regarding why we are not still 0.44p? Or are you conveniently avoiding that one?

Ugh, what a tedious whinge. The least you could do is provide a link to this survey of yours...

Oh, and BTW, AIM PIs, much like Jon Snow, know nothing... that cuts both ways of course, but I sure wouldn't be basing my investing decisions on what a bunch of AIM PIs think! lol

Oh, that's no fun LSE! Censoring a perfectly innocent URL!

p*e*n*i*s

https://www.*****land.net/

safe for work, i promise! lol

Every time I see the company website URL, I see metal-sex-ploration, which sounds fun, but possibly not appropriate. Just me? OK, I'll shut up then...!

In WSBN's case, it's because the management are a little bit dodgy frankly, probably wanted to get a few clueless punters in to boost the SP before a raise.

To be clear, I don't believe that is the case here, but just saying, a picture doesn't mean much unless you know what you're looking at. Wait for the official results before getting excited.

Careful. WSBN tweeted something that looked an awful lot like visible gold, but wasn't, a while back. Got investigated over it as I recall. Best not to assume anything, unless you're a geologist who really knows what they're looking at.

If you reread my message you will see that I wrote that "perhaps not every trade attributed to them was actually theirs", so you see I'm not claiming otherwise.

I didn't intend anyone to take my initial messgae, which was a single line, mentioning the good rise today, quite so seriously! But regarding the recent drop, it was notable how quickly it dropped, and how quickly it has recovered, so who knows.

> Delusional? Think that's a bit strong Sakura. The TR1's are fact, for starters. They show Drachs buying over the summer, and JM reducing to just under 3%, from which point he no longer has to report, but it's not unreasonable to suppose that he continued to reduce after that point.

The 'for every buyer there's a seller' malarky is the sort of thing that's technically true, but not useful. It's the influence on the SP that we're generally interested in, which is the end result of the MMs trying to balance their books, and all else being equal, when the MMs have more shares then they want to hold, they'll start to bring the SP down, and vice versa. Perhaps we'll have to agree to disagree here, but I think dismissing the entire notion as delusional is not helpful.

As for the big buyer, well we all know that Simms is a little bit excitable, in the nicest possible way! But we do have evidence from TR1s over the summer that Drachs were buying decent chunks at that time, though it has slackened off since then. So yes, a big buyer (Drachs) and a big seller (JM). Perhaps not at the same time, and perhaps not every trade attributed to them was actually theirs, but the general theory fits, wouldn't you say?