Member Info for jam2morrow

They don't count the unknowns @Gibdog101 ....there were in region of 2M 'unkown' trades this morning.....they looked like sells to me....that evens it up a bit, and we may be due some late reporteds......who knows?....... If the price goes down then more trades will have been instigated as sells and vice versa.....thats pretty much how it works. I am surprised with that 2M.....usually something that big would be delayed and recorded 'unknown' but it looks like it was executed straight away

It's possible @Yugo, though ACAM were already holders from March this year - 58Mil.

Some large trades today; that 2Mil at 13.33 looks a buy (wasn't me), but mostly matched with a few 'unknows' this morning that looked sells.....chat board looks busy, hopefully the bigger arel showing interest as well as PIs

A thought that maybe clutching at straws, but if we've been running/testing/commissioning a second Tin processing set-up since September surely some output is saleable , even if its not running right ? Any process plant engineers in the house ?

I didn't know about the Guernsey 5% threshold @Lowlander, thnx for clarifying......so, since they re-located head office, we are notified Canaccord selling down to under 5% .....ACAM bought in before the relocation and notified 58mil(@3.5%), this latest package takes them up to @ 83mil but still below 5%. I would assume that if 5% is the lower threshold then any buying or selling under this level does not have to be notified. Canaccord, I think, have been selling down more. Afrimet, I'm not sure, their website says they hold, but not how many.

Thur opened at 3.95 and closed at 3.78 ; can't see that price of 3.85 as a buy unless there was a mid-morning spike that i missed......there's been selling pressure for 2 weeks now, tin price ? the ACAM dilution at 3p ? ....I think more likely that people just move money to what's trending at any time

Big sells through the winter kept a check on upwards movement; even the modest after hours that has turned up today keeps the downwards pressure on. Maybe people see faster ways of making money and jump on that bus. Certainly would have been better on our UK co's lately: TUN, SML,TIN

I was reading through some of the older RNSs to try and get some understanding on this fabled new jig plant: Aug '22 Uis phase1 expansion - construction completed......Nov '22 phase 1 expansion commissioning complete. They used a contractor to manage the commissioning, and i don't really know how useful the comparison between the phase 1 expansion and this new jig circuit really is ....maybe posters here with more knowledge ? ....Anyways, the silence on this has made me nervous...maybe wider market too ?.....if we are undervalued , not enough people have spotted it yet

Ah, you beat me Troajan......to have SML approaching the ATM MCap seems crazy to me.....the ore body is good .....i think they're best to prove up the resource and sell it on.....otherwise they are years away

AV mentions Tun West and Strategic here, with reference to the tungsten at Brandberg; Strategic was a basket case at this time last year but has more than 10 bagged since then....their cornwall ore body is good and , of course plenty of historical tin mining and some tungsten......but SML have only started exploration programme in earnest last year. They do have a modest income from a tailings project in US but really nothing like the scale of ATM and yet their MCap approaches ours....that's AIM.....go figure.

Also says looking to double the tin output...... and this really needs to happen....mention of jig plant progress was absent, and the silence here is becoming noticeably louder

''The release of security over the Company's second tin processing jig plant further improves the Company's flexibility by unencumbering a key asset without requiring the use of cash, supporting both operational efficiency and future financing optionality.''

How do posters read this ? Orange were gonna foreclose on their loan and come and take their jig plant back ?!

I actually think the (insiders)market was anticipating a positive commissioning rns given the price action before the actual rns today. Lets hope this tin price continues....even then production HAS to go up as soon as

@ lowlander - is that from end of december ? There looked like an II dumping somewhere that time 8Mil, i think, but also a 6Mil last week. 3% is about 56mil so those trades would only account for a fraction of a notifiable holding.....who knows the rationale behind these decisions and who knows if they plan more disposals ? should be some TR1s coming

Legacy Scir holder here. Can anyone shed any light on what's happening/ timelines with Ruvuma gas project ? Is it in ARA petroleums interest to drag this out forever? Scir were supposed to get some sort of paydown with Financial Investment Decision.....but what needs to happen before this FID is made ?

TBH I've pretty much written off any payback on this. What do you guys need to happen ? Do you need gas production to receive income or do you get something from FID as well ? Sorry, lots of questions but appreciate your thoughts

Ahh......6M sell, actually seems to have been absorbed quite well. If memory serves , we had a similar big sell, similar price, at the end of last year; 8M I think.

Same holder would be my guess. How many more do they have tho' ? Definitely we would be 4p + without them........Interesting

That was a bit weird today.....set off like a rocket then absolutely died.....either the trading info is complete nonsense or there's some late reported sells pending.....

1 buy , 1 sell ? some kind of transfer because price was flat ? There was sharp upwards pressure on Friday, I would guess because of leaks about LCCM RNS which turned out to be a postponement and not really something to buy into. Not impressed with what's happened here. What have Cuprum been doing for the past 6 mths ? It feels like this extension deal has been cobbled together at the last minute. The original buyers, Axis, were a proper outfit that could be researched, they were mining equipment business, not that big, but provided ore sorting, crushing . They must have had cash flow, but they needed an extension to get their down-payment on.. If SML can get this deal done obviously it's a plus, I still think it's an IF tho'.

I also still think there's money to be made here. The best outcome for PIs . i think. is if they sell out to a bigger outfit....whispers of that happening and sp could jump.

Sold out this morning with my usual bad timing , before the sharp uptick. Disappointed that there has been no communication over LCCM. Whatever ur views on balance sheet worth, the lack of update is poor IMO. Tried to contact Cuprum metals - no reply and no mention of them on upcoming ASX listings. Good luck if ur holding; it's usually best to do the opposite of what i do !

The leigh creek option not being exercised on time will be a specific reason for share price decline....it doesn't affect the tungsten in the ground in Cornwall but it does put pressure on available cash and hence make a raise more likely. We will find out one way or another this week, as the deadline approaches

Waiting !

One week to go for Cuprum to exercise their option......or re-negotiate ? They're not listed or plan to in the near future unless i've missed something.

How many investors witing on this ?

They still have a hedge 'til may at 34k USD per tonne on 20t per month which will be a drag, not so much if they get all the kit working and vols up but thats still a big IF......there seems to still be a consistent buyer tho'

@dobrewotnot .....very large trades aren't they? ....as u say, the one from yesterday looks a sell but that doesn't explain the flattish sp yesterday. My feeling is that they're off-book trades arranged between two parties. If you put 9mill on the sell book that has to crash the sp, surely ? and similar amount on the ask would make it jump.

Any better explanations anybody ?

A tick up on friday and then a late reported 4 million trade that was more volume than the whole day. At 3.2p it should have dragged the SP down; so worked over a few days ? seems like something anticipated next week