Member Info for Funki

. . . to see you bonks! Where do you see this going in the short term? Building a chunky position here, and envisage at least 5-6p within 6-9 month window. Your thoughts?

. . is not the time to concentrating on the share price. Now is the time for the market to play its games, the weak hands (really don’t like that description) to take their profit, the traders to flip at 10%. Now is the time for the institutions to hoover up those traded shares and cement the bottom of our next trading range. Yes, the current price range is the new “bottom”! Quite a paradox that those making the most profits are the ones not selling!

. . . All these trades coming in are not in my opinion private investors. This is buying from institutions, hoovering up shares after giving their order to the market. How lovely for fortune to be able to say to the institutions “sorry pal, you weren’t there for me when I needed you a few years ago, so the answer is ‘no’ you can’t have any placing shares, you’ll just have to buy them in the market”

. . . This is commonly known as “the herd arriving”!

. . . This is one of those shares that can only be described as a “Unicorn”. An “”Amazon”, an “ASOS”. One which transcends its industry and has an impact across daily life in all corners of the planet. How many people looked back and wished they’d keep hold of amazon shares, even though they’d 10 or 20 bagged? The same with ASOS, yes, most of us are staring at fabulous (some would say life changing) profits. They big prizes are yet to be revealed here. Most of us know that. Watching on level 2 the swathes of red trades (I know some are buys) and yet the price continues to rise is one of the biggest clues in the smoke and mirrors game the market plays with us. I won’t be one of those who wished he’d held on to his shares. My current holding is firmly under lock and key. That famous investor phrase “One day Rodders . . “ doesn’t seem too far away does it:-)

. . . After all that info and confirmation of institutional investor interest, who dares put a valuation on what the share price will be in let’s say 6 months time.

Osmosis. Wasn’t Donny the lead singer?!

. . . Vanadium is going to be required everywhere. Apparently we are still waiting for our “Lithium-ion” moment. By that rationale, we haven’t even started yet. Yes I’ve been here since 2013, suffered the despairing days of 1.5p and am enjoying the start of this lucrative journey. I particularly enjoy watching the sells come in, and the price rise regardless. In my opinion, I think we’ll see £2 within 18 months. Have a read of the following, it’s probably been shown before, but it sets out where this is going to end up. This really is only the start. https://secure.outsiderclub.com/o/web/178130

. . . Put up and shut up, we’ll tell you what we want, when we want. We’re doing what we can, we all want to be rewarded in these projects, but until there’s anything proper to say, you just sit back in the dark. . . There’s a good little mushroom. END OF MESSAGE.

The majority of the property portfolio is in Barbados, they have one property in st.Lucia and one in Antigua. They have bought up prime real estate on the West coast of Barbados and that will stand them in good stead in the medium long term. They are however, facing increased completion from Sandals who are developing their second resort on the island, that will put pressure on Elegant to “up their game” and make significant investment in their somewhat “tired” hotels. This company has no existential threats in my opinion, they will just have to lay out considerable sums to futureproof their standing on the island. This may impact the current and future yield, and provide a drag on the share price. All in all though, I’d say any money invested in here is safe. There’s always the possibility of a takeover, but I believe the owners are in it for the long haul and would reject any approach. Ps, currently sat at the bar in one of their hotels enjoying paradise personified.

It’s all very well having a perceived Net Asset Value but when your hotels are all but empty, you ain’t covering your costs. Have any of your been to Barbados recently? Apart from peak times of the year, the beaches and hotels are deserted. Speak to the locals, they’ll tell you how quiet the island is, they’re begging for the tourists to return because currently they are being laid off. Until brexit is finalised, (which now may be another year!), the sp of this company is likely to drift even lower.

The last time he went berserk about a company he had been promoting which decided to then do a large placing without telling him first, it went on to 15 bag! (Bushveld). Just saying . . . .

. . . . We’ve reported on industrial action that is now in the past, still made a shed load of cash, going to make even more cash, and have implemented our production expansion on time and within budget. . . . And the price dumps circa 20-25%. Total head scratcher. MMs have been waiting for an opportunity to grab cheap shares and they’re doing it - BIG TIME. Pick ‘em up now I say, this will be back over 26p within a couple of weeks. That’s my opinion anyway.

You’ve been hee far too long Drax, (troll). And most people here don’t welcome your negativity. If I could put that in a KiBO RNS I would!

Rizq786 - I don’t agree with you. I refer to BMN again - you take the money when you can get it. They had a large (in relation to their Mcap) fund raise at 1.75p when the SP was nearer 2.5p. In the RNS notes it stated it was an opportunity to raise cash and they did it. The funds had no specific objective, and there was no immediate requirement, just an opportunity to raise. It did them no harm 12-18 months later.

I was (and still am) in BMN when their price was rising nicely from 1.5p and they hit 2.3p and announced a placing. Ooh! The uproar! Even Tom Winnifrith came out with a sell recommendation (kn0b). Fact - all companies need new money coming in, this was a great opportunity and they acted on it, well done I say. Fact - Nothing has changed here, great assays, better prospects, multi geographical exposure. Fact -The Macro economics tell us copper is going to be in even greater demand than ever before. It won’t be long before we are well north of 3p and probably raising more cash again at 6 or 7p. Keep your eyes on the prize . . . . Just saying :-)

Could be some action here today. Any Aussies who find themselves locked out of MOD, could very well have placed bunorders with their brokers to gain exposure via MTR if they’re anticipating a strong share performance. Does anyone know how long “trading halts” last, or are the at the discretion of the company?

. . . Might be the longer term view, but I’d rather be 1 year early than 10 minutes late!
http://www.mining.com/copper-supply-crunch-earlier-predicted-experts/

Load up - I’d say! There’s nothing priced in here for the forthcoming assays, potential acquisition of Bots, massive future dev on current sites, the list goes on.

Load up - I’d say! There’s nothing priced in here for the forthcoming assays, potential acquisition of Bots, massive future dev on current sites, the list goes on.