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The site referred to which LSE don’t like is share prophets but perhaps the bot will intervene again

a poster on another bb mentioned there was a tip for seed by jim mellon on *************. i can see from the ************* website that they did an article yesterday mentioning seed and jim mellon but you need to be a subscriber to read the full article. has anyone seen it and if so are you able to tell us what it says.

In recent months I have made the point that Almonty as the largest Tungsten producer would be the most obvious buyer of GMET or a JV partner to develop GMET’s assets at pace due to their expertise. It also would put Almonty in very good stead with the US and the US is their largest customer. Almonty has moved its headquarters to the US and has a deal with the Department of Defence. It seems to me that Almonty need a US tungsten asset and GMET have the best and nearest to production assets which are already supported by the Department of Defence . Interesting times.

They only posted it at 11.01 so 3 hours late. What a surprise that there was such a small take up and the company has only had to shell out £109000. What a ridiculous charade the whole exercise was as you would have to be insane to tender a share that has an NAV of over 6p and you could sell it on Friday and today for 3.3p rather than the 2.2p offered by the tender.

Let’s hope the new investment is very impressive and they can make good use of the cash they have now gained control of very cheaply. They could have liquidated the company and returned 6p to all shareholders, so I won’t consider they have achieved anything until I would be able to sell my shares for at least 6p .

The RNS that launched the Tender Offer said that the results of the tender offer would be announced by 8am on the 8th September. It would appear they are overdue as there was no RNS this morning.

Barclays hasn’t allowed buys for years which means I haven’t been able to average down in my Barclays ISA. The insulting 2.2p tender offer launched when the sp was above 2.2p was off no help at all as I am 70% down having been in from day 1, in fact before as I had been in its previous incarnation before it became FFWD. I therefore need it to multibag from here just to break even.

The tender closed yesterday when you could sell in the market for 3.2p so you would have to be insane to have tendered your shares. I imagine therefore that all SEED’s cash will still be intact, which I am sure was Mellon’s intention. Presumably next week he can reveal the new investment he has lined up and let’s hope it is well received by the market. The run up in the share price suggests some people may have got wind of what it is and want to get on board. Let’s see if Mellon can finally Fast Forward this share to a profit for the long term shareholders who have stuck with it.

“ Power Metal now has maybe £20 million in pure cash after selling its remaining stake in GMET - alongside shareholdings in recent IPO First Development Resources, First Class Metals, exposure to a circa £16 million upside JV with ACAM to drill in the Athabasca, plans for Power Arabia…

…and other smaller projects.

The stock is finally responding to the overwhelming fundamental investment case, but I’m prepared to wait as long as it takes.

I would note that Sean very clearly has a plan for this capital. When revealed, it may re-rate sharply.”

Jubilee saw 97.38% of voters vote for its proposed sale of the South African Chrome and PGM Operations on 28 August.

I’ve written at length on this deal recently, so have little else to say other than that it remains sorely undervalued, and perhaps that online discontent does not reflect the near unanimous result.

But in the end analysis, this is Leon’s decision, and the overall judgement on his tenure will be based on whether Zambia becomes a success.

My bet is it will be.

Just take stock of the basic facts and get a proper perspective on what is happening here.

This is the RNS from June:

“ SatoshiPay Share Acquisition

Blue Star Capital plc (AIM: BLU), the investing company with a focus on blockchain, esports and payments, announces that it has entered into agreements with Danny Masters, Non-executive Director of SatoshiPay Ltd ("SatoshiPay"), and Meinhard Benn, Chairman and founder of SatoshiPay and a director of the Company, to acquire shares in SatoshiPay held by them for shares in the Company ("Acquisition"). As a result, the Company has increased its holding in SatoshiPay to approximately 50.0%.

Details of the Acquisition

As previously announced, the Board of Blue Star maintains its confidence in SatoshiPay's technology, which connects the fiat financial system to the DeFi ecosystem. Additionally, the Company announced its intention to explore investments into areas such as the establishment of a digital asset treasury function. This form of treasury management is an integral part in the development and promotion of Vortex's business model. The Company will continue to explore ways to provide additional liquidity to Vortex through SatoshiPay expanding its existing digital asset treasury function.

Pursuant to the terms of the Acquisition, the Company has agreed to acquire, in aggregate, approximately 4,500 shares in SatoshiPay, representing approximately 22.0% of SatoshiPay's issued share capital in consideration for the issue of 4,412,096 new Ordinary Shares of £0.001 each in the Company ("Acquisition Shares") at a price of 20 pence per new Ordinary Share ("Issue Price") (the "Agreements"). As a result of the Acquisition, the Company will become the largest shareholder in SatoshiPay. Following completion of the Acquisition, Meinhard Benn will hold approximately 25.0% of SatoshiPay and will hold 5,946,846 shares in the Company representing approximately 15.0% of the Company's enlarged issued share capital following admission of the Acquisition Shares.”

The point to note here is that the 2 guys who make Satoshipay work took shares in BLU at 20p in exchange for their Satoshipay shares giving BLU 50% of Satoshipay. BLU trading at less than 20p is patently ridiculous and I am expecting sanity to return tomorrow.

If Rio don’t bid then other majors will which will push the price up as there will be a competition. This would be welcome by Rick Rule as he has said in the past. But Rick’s preference is for SVML to development themselves as this would produce a 10 bagger +when production starts. This should start to gain ground back towards previous highs as the PFS approaches.

Up 10.95% today in the US.

Good to see a repeat of Thursday with the US listing picking up the baton and running the share price higher. At the US close GMTLF was UP 16.2% at $1.04 which converts to 77p on volume of 340000 just short of Thursday’s 355000.

A landmark week for GMET setting new all time highs and adding a lot of value to our shareholdings.

POW should have some well developed investment ideas as they have not invested any of the cash from the first GMET sale back in February yet.

I agree don’t buy back shares just give us our money back as that way we receive it at NAV rather than the heavily discounted share price. I would like my money back so I can buy more shares in GMET as the GMET holding was my primary reason for continuing to hold my POW shares. The return on the GMET investment is a great achievement but SW has sold far too soon and personally I don’t rate him as being in the league of our GMET’s latest investor.

“Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed exploration company with a global project portfolio, announces that it has entered into a legally binding Sale and Purchase Agreement (the "SPA") with an investment fund managed by Duquesne Family Office LLC, in connection with the disposal of its remaining stake in Guardian Metal Resources PLC ("GMET").

Pursuant to the SPA, the Company has agreed to sell its remaining holding of 24,699,825 ordinary shares in GMET of £0.001 each (the "Sale Shares"), for a total cash consideration of £13,584,904 before costs, representing a price of 55p per Sale Share. The sale is expected to complete in the coming weeks.

Sean Wade, Chief Executive Officer of Power Metal Resources, commented:

"I am very pleased to be able to announce that we have agreed terms to exit our position in GMET after what has been an enormously successful investment for Power Metal, and one that has generated very considerable shareholder value.

Our original investment in GMET was £1,935,275. Over the course of two disposals, we will have realised £22,809,988 before costs, a return of 11.8 times.

It represents a strong validation of our incubator model and gives us considerable firepower now to pursue other opportunities, a number of which have presented themselves to us in recent weeks.”

I hope SW has got some good ideas about what to do with the cash because on the face of it this is not a good move. One of the most successful investors in the US has just paid 55p per share for our GMET shares. Investors like that don’t buy to make small returns they are looking for multi baggers.

I

Oliver Friesen • @oliverjfriesen

Suffice it to say but we are off to a fantastic start at Pilot North.

Having a generative exploration team means we can secure opportunities like this for literally low 10s of thousands of $.

And believe it or not, but Pilot North is almost bigger than Pilot

Mountain now.

The £1 million investment by Metals One to take a 10.7% stake in CTL is clearly a major vote of confidence. Their shareholders like is as Mtals One are currently number 4 on the leaderboard up 22%. They are a mines and minerals company so presumably understand the position CTL find themselves in. They must have been convinced that the new land purchases will put the fast track approval back on course and must believe that the share price should start to move up substantially when that happens. They haven’t invested £1 million to make pennies.

FDR up 20% on the back of that tip in the Sunday paper presumably and that is good news for POW as the largest shareholder.

Oliver’s comment on the American Tungsten interview”

“Yes classic case of a company doing what they can to promote their own story. Worth checking in on where both of our companies are at in 12 & 24 months time.“

Unfortunately the A$40 million placing in March did a lot of damage to the share price at a time when the share price was at an all time high. The raise was done to make sure SVML has plenty of cash to see it through the 180 day period following the issue of the PFS while they negotiate with Rio about what happens next. Most commentators think that Rio will want to take over the company at that point and it’s just a matter of what they will have to pay. Obviously when negotiating a sale price it would be better if the current share price was as high as possible to provide a higher starting point.

I think the share price has failed to recover very much because nothing material is likely to happen until the PFS in Q4. Since March there has been a lot of money to be made elsewhere such as gold and silver or indeed stock markets generally, so it’s possible investors have deployed their cash elsewhere and plan to return in Q4. I have stayed in as I expect that when this share starts to move it will put the lost ground on very quickly and if you aren’t invested you could miss a good part of the gain.