Member Info for Impecunious2

An excellent presentation, lots of info on the assets, and reminds us that we have a young, intelligent, energetic and well-informed CEO. The future for tungsten looks pretty good; even if one discounts the demand from nuclear fusion, the demand from the US army and from Ukraine is not going to go away anytime soon. And Friesen is clear that he wants to push Pilot Mountain towards a feasibility study and production.

This is one of those companies, where some will be saying in three years' time, "If only I'd bought at ten pence," and others will be saying, "Thank God, I bought at ten pence, and kept my finger well away from the sell button."

Thanks for this, Paul. I wouldn't have known about it otherwise.

Best wishes to all shareholders (including yourself).

Hi, Rob

There's a mistake with your maths, in para 3. It's not possible for a share price to fall by more than 100%.

Otherwise, I agree with the post.

Hi, Chicken

You're right about this. With all these small explorers, getting in and out with £20 to £30k (which these days is not a lot of money) is not easy at all. I've had to divide my amount into small parcels, to get it through, for the buys and the sells.

Hi, Chatty

Can you explain SII to me? Is it shares in issue?

Hi, everyone

Now we know, this one can move. I never thought I'd see the day, when GMET rose by more than OMI; but today, was such a day. And I am happy to hold both.

Hi, everyone

I'm glad we're only down by 7%. Things could be worse, we got off lightly, and all the other platitudes, which apply in a time like this.

Hi, Wolfy

Thanks for the reply. Best wishes to you, and to us all.

Hi, Wolfy

I think you're slightly too gloomy on this. My guess is, present price will hold, until news arrives. If it's good news, a lot higher. If it's bad news, a lot lower.

Best wishes

Maybe it's a market maker trying to bring his holding up to a round number?

Other possibilities I have considered include a child spending her pocket money; or a parent teaching his child how the market works.

This was the price level it took off from, a week ago.

OK, Bhargav, I accept it's one seller. Without a calculator.

People sell in round numbers just to make the maths easier. And why should it be one seller? It could be more than one.

You may be right, Elric; but I have no regrets at having sold. GMET's unchanged, and OMI is up 30% since I bought at 10.20 yesterday morning.

Best wishes

Hi, Chicken

I may be completely wrong about this, but my guess is that someone at HL prevented Mapp from buying, in order to protect her from actions that would be quite contrary to her own best interests.

The brokerage business today is much more automated and less personal than it was in the '70's, when I was at Capel-Cure Myers; but some humanity remains, I am pleased to say.

Best wishes

With regard to the fund-raise, the questions are, at what price level, and at how deep a discount? I have seen fund-raises which have caused serious damage to the share price, and others, which have left it untouched. It all depends on sentiment, and that depends on company news, and background factors (interest rates, price trend of relevant commodity, plague, war, famine, etc.).

My guess is Brad and Louis will raise, when we get into the teens. My hope is, that won't damage us too much.

Hi, Donkey

There's no cause for regret. Just buy, which is what I did yesterday morning, and I feel much better for it.

Best wishes

Hi, Sol

I must apologise, for I have contributed to the poor performance of the share price. I sold my POW holding yesterday morning (at a 50% loss) in order to buy GMET, and increase my holding in OMI. The reason is simple; I cannot see what is going to trigger a rise here, whereas I can see that for the other two companies.

Best wishes

She, I think.

Hi, Chicken

Life itself is a gamble. Leaving the house is risky; and staying in is risky, too, because one doesn't get any exercise.