Member Info for HopefulDevon

I think we went before was pushed. The CEO is from big mining background and knows what good looks like. Big investors still in place and share price hasn’t moved much at all. I expect a former colleague of CEO or similar company CV to show up and get this over the line. Dilution will mean we won’t get the 60-80p share price but barring an unexpected liquidation 20-30p might be achievable in the long term. The fundamentals haven’t changed, only the CFO who wasn’t the CEO’s appointment. In a battle or disagreement befween CEO and CFO there is generally only one winner, as we’ve seen here.

Might be a good thing. Perhaps the new CEO clashed and wants his own man in. The basics are still there and the they have experience. People are quickly replaced

Https://www.linkedin.com/posts/dgwa_rohstoffe-diese-mine-soll-europas-verteidigung-activity-7371467086923120641-Ja47?utm_source=share&utm_medium=member_ios&rcm=ACoAAAB5kAABb91sRY_OhWJl4Xe0ta-Vi30Xmtg

Announced for next Friday 12th.

We can submit questions. I’m going to submit one in reference to existing small share holder dilution risks. I guess the more questions to them on this the more chance we’ll have of it being answered. Support welcome.

We are also invited in person if a shareholder but unfortunately I’m away on holiday otherwise would have been there. Anyone else going to register and log in?

Wow… is your ego so fragile it needs propping up by trying to public ally humiliating a long term poster on this board?

Please save it for another forum. We don’t need this on here.

Falling back again, probably due to profit taking and the MM still wanting to keep a lid on this and continue hoovering up small pieces to build portfolios.

My two takes so far are the lack of dilution which will bolster the SP in the longer term. Does anyone know if the convertible debt is optional by the lenders or if the business can override and repay?

The second take is how incompetent our politicians are at not exploiting this for the natinnal interest. An investment of taxpayers money will return manyfold via loan, corp tax, CGT and income tax. I guess it’s not on the net zero path and Reeves only knows how to tax and knows absolutely nothing about fostering growth.

I think the FS results were factored into the current SP.

I'd expected numerous parties will now slowly increase their holdings without causing an SP jump, barring another pump and dump, by mopping up a large number of small sales without any fanfare or excitment bar Gingy's current cycle of joy and dispair.

It will be interesting come September when the funding presentations begin. I think we will either see a decent jump if the dillution effect is minimal or a small increase otherwise. There could even be a surprise of a low ball (15-25p) foregin take over bid by one of the big boys which I doubt our inept government would prevent. This would probably put an end to our 40, 60 or 80p a share blissful fantasies but give a decent return for those that got in low.

Having said that, it could still all go tits up, or absolutely be flying in 3 months time. This share has never been a straight forward ride and seems to buck expectations both upside and downside. Can only hope and not get too emotionally involved until the fat lady sings.

Let’s hope the funding doesn’t result in significant dilution for us long term small shareholders. Fingers crossed

People will keep buying the big and the small sales until the RNS drops about funding or if insider knowledge gets out and affects the SP. Until funding is announced we’ll have minor ups and downs and perhaps the odd pump and dump so won’t be excited about any movements without concrete stock market annoucments . Just got to side tight and be patient. The RNS’s always take us by surprise with timings and the ups and downs of previous days or weeks completely unrelated

no sure of any announcements as we all know comms are ****e down at the mine but there are some large purchases happening today

Post from a supplier to the mine. Clearly believing in the reopening for Tungsten West

https://www.linkedin.com/posts/mgs-precision_ukmanufacturing-advancedengineering-tungsten-activity-7349350491564236802-cbrr?utm_medium=ios_app&rcm=ACoAAAB5kAABb91sRY_OhWJl4Xe0ta-Vi30Xmtg&utm_source=social_share_send&utm_campaign=copy_link

Can boffins on here work out what that has done to dilution?

It may even drop further until funding news drops. I think there’s considerable nest feathering going on and certain individuals creating themselves a sizable chunk of shares. Very fortunate to get in 1.4p so just holding myself otherwise I’d be tempted to top up.

SP is a bit lower but the same pattern of selling and scooping up in high numbers. I wonder if any of the major SH are offloading to spread the gain to a new people in a group who will also be involved in funding? Letting the directors of the funder feather their nest before their companies invest and SP takes off?

The usual buying patterns seem to have changed in the last week. Some very large buys sweeping up some large sells. The number of trades through the roof and the number of shares huge.

Clearly something going on in the background despite the lack of news.

Is there a publication date or are we just waiting?

Activity online is still pretty poor but getting better. No new news but a decent write up

https://www.linkedin.com/posts/scott-butler-811455b_europe-is-busy-getting-minerals-less-news-ugcPost-7345049304169897984-gSzA?utm_source=share&utm_medium=member_ios&rcm=ACoAAAB5kAABb91sRY_OhWJl4Xe0ta-Vi30Xmtg

Https://www.linkedin.com/posts/tungsten-west-limited_eu-recognition-of-devon-tungsten-mine-prompts-activity-7341134811140431873-d3XE?utm_source=share&utm_medium=member_ios&rcm=ACoAAAB5kAABb91sRY_OhWJl4Xe0ta-Vi30Xmtg

They are utterly rubbish at Comms. There is the occasional post on linked in but otherwise the silence is deafening.

It’s almost as though a few vested interests wants to keep it out of the spotlight and share price low for as long as possible.

I see our neighbours at CUSN have just announced grant funding of up to £4.2m to help production to get started.

Let’s hope we see a similar announcement here rather than another tranche of CLNs