Member Info for elir71

@Toplocks if you are only interested in dig ready projects, then this company is not for you. Progress has been very good and the company's plans are costed, transparent and past performance on meeting targets has been excellent.

Not for everyone of course, everyone has different risk appetites.

The way I look at it, is to compare the scenario that is, to the scenario where shares were issued as a placing (generally 25% under market value) and churned, and the total consideration in cash was paid to Elemental. Of course it does depend on the timing too. Setting aside the price itself, then it is probably best to do it this way, as the shares are not likely to be churned in the same way.

I'm sure it will not have escaped the BODs attention that at the end of September this year (8 months from now) their own personal 10p options expire.

Strong non market maker support

3.98p and 3.78p

market makers priced out on the bid side

I think next resistance level is 5p

Yes, and the chances of massive global instability is greater than 60% more likely since the coins were auctioned

The likely economic base at Llechfraith was marked on a figure in an RNS from after the inclined cored boreholes. From memory about 50m below level 5, so a fair amount to chew on. Furthermore the main lode extension (salivated over rather rabidly in the Mail's article of some years ago) remains and two veins could be accessed by a cross cut of similar order of magnitude to the present level 5 exploration. That's probably more relevant to a future evaluation of life of mine.

Yeah 2026 is about refining the downstream process , ultimately to provide samples of the end product to potential offtakers. In parallel , there's the collation of everything necessary for the Definitive Feasibility Survey DFS which includes the mine plan. I think some infill drilling in the summer too. Upon granting of the mining permit, mine construction can begin next year, takes about 2 years. Already had the nod for non dilutive funding for that. Mine opens q4 2029, perhaps sooner if accelerative funding received.

Strong non mm support at 3.78p and 3.74p

Article should have mentioned GROC too, as the project is further advanced.

Bizarre comment

Ha, JBER's attempt to drive down the price failed after 12 mins. I'd love to have been a fly on the wall.

JBER ... you got no stock, we suspected it, and now we know it, thanks for confirming. Awww, not buying any more ,.... why's that then ?

Scratch that. Three market makers raised their bids to 3.6

Jber revised their position .... surely they cant have much left to sell ???

Firstly, this stock is massievley undervalued.

Each morning , Ive noticed that a, or some, non market makers have been placing buy limit orders above the bid of the highest bidding market maker. So, when a market maker runs low on this stock, then raising the bid to buy some more isnt working, as the non market maker is bidding higher. This has resulted in some market makers have widened their spread to 1p (historically its been 0.5p). So theyre out of the game as theyve no stock to sell, only cash to buy. But no ones selling. I believe only two market makers have any stock to sell.

As long as demand continues

AND

The non market maker continues to out bid the market maker

Then we could see all market makers run dry on stock and with few people looking to sell below 12 13p then the conditions exist for a rapid upward rerate.

So ill be watching level 2 at the open like a hawk this morning.

Strong conistent buying action, dont go by the colour

... look at the tradr prices compared to bid offer ... its a sea of blue

If No quotes on ig try a limit order buy

Only mrex scap and peel left in the game, fill your boots !

Not much resistance until 3p ,

Europe is well on its way to energy independence with renewables and nuclear, that's not to say these things wont have an effect. I think a major shift could come if the adoption non USD for settlements of oil contracts becomes more widespread.

I can see a scramble... people will realise the potential. This exposure is transformative.

JORDAN8387 I'm happy to private chat to you about this, I am not very hard to find off here