Member Info for joetrader

This time Stockbox are doing a bit of research

https://youtu.be/0GJIYDE2uZc

MrBB

This sounds like they'll be doing lab experiments before building the plant.

In the RNS:

Metallurgical Test Work

Mineralogical studies have now been initiated on recently recovered diamond core sections, aimed to define better the mineral assemblage of near surface weathered bedding portions as well as deeper bedded mineralisation. Results are expected to provide important information in relation to the differing zones of oxidation encountered from surface to depth, and the effect that weathering may have on the main economic minerals and gangue minerals present. This in turn will inform the metallurgical team and allow them to tailor the processing testwork to better suit the varying ore characteristics.

I grew up in the killing fields of crypto between 2014/2016 before I became a holder, so I'm totally desensitised to the price not doing what I want. lol

Lol probably.

AIM is a casino, MM are the dealers shuffling cards, long term investors are budget holiday makers who buy a few chips and sit around eating the snacks. Traders are the guys with money to throw around and make a noise to get others to notice. Institution investors are the whales.

Once I've bought back, in my ISA, I'll probably go back to sleep till next year.

The reason it didn't pump was because there are no traders, just long time holders. How many people here bought more on this news? Who has seen this news to want to jump in?

If there were traders they would have pumped this to double or more before letting it fall down again. They may have posted charts and discussed it in forums and got more traders interested and given this more life.

Institutions are going to need a lot more derisking before they are willing to jump in with both boots.

Hopefully.. it will stay at this level with more results released, until June when a value is given?

This price action is just white noise for long term investors. We are all waiting for the plant to be built and won't be selling until then. Between now and then the price will go up and down along the way, it's just what stocks do.

Maybe if you want to do more discuss it on Reddit (ukinvesting) or other forums to get more exposure.

The RNS on 27th March has :

o Completion of a Mining Option Study that will form the basis for a conceptual mine plan;

so looks like they'll do a proof of concept of the mine first.

But, yeah, why don't they try and processing it now, they already have samples dug up?

Yeah - like I said I learnt the hard way... and no one (especially me) knows where it will go. I'm just going with what I think and hope for the best. Even if it jumped to 10p now I'd buy in thinking in the long run it's cheap.

I'm only waiting to buy in my ISA, I'd sold in my trading account and moved the money to my ISA. I've learnt the hard way not to try trading. Once I buy I'll be holding those for a lot higher than even 30p.

This is my heaviest invested stock by far. My current average in my trading account is 2.113p and the current holding in my ISA are at 2.06p. Both not touched since 2021. My plan is to hold and see how it goes after the plant.

Looking at the charts (for what they are worth) all the time frames are turning bearish, that's why I say around 6.5p

Dusty Yeah I was going to buy around here but after watching it over the last week....it's just a feeling.....

Scarlet what's your prediction?

Dusty I'm thinking 6's by Monday. Especially with the sells still high and risk needing to be mitigated.

Though I'm hoping it goes higher than 10p. At the very least 16p, here's hoping.

Well as the "RC and diamond drilling programmes were completed ahead of schedule" and we have no clue when the samples were sent. 29th could be over 2 weeks since they were sent.

But... the RNS also says "expected in the coming weeks" and technically speaking it would have to come out after the 2nd to make it "weeks" not week. lol

Personally I'm guessing soon after the 7th May (the 6th is a Bank Holiday) cos nothing happens quickly when I'm waiting for it.

O right. I thought the RNS from the 18th meant they were being processed and all the results will come in a couple of weeks.

"· 40-hole RC programme completed at Pitfield which focussed on testing and delineating the two known zones of high-grade, bedded mineralisation.

· Diamond core drilling completed at the end of March 2024, which focused on confirming the continuation of near surface, high-grade titanium mineralisation identified by previous drilling and surface sampling.

· RC and diamond drilling programmes were completed ahead of schedule and on budget.

· Drill core is being logged and sampling is ongoing - assay results are expected in the coming weeks."

Don't they usually take about 2 weeks to process and it's only been 1 week.

Maybe more down??

Scarlet, this is just for the £20k I'm moving across platforms, which I wouldn't have sold if Trading212 did bed and isa.

My Other bags are zip-locked for the foreseeable future. ;)

Lets hope this slopes down to low 7s over the next couple of weeks so I can by cheap

It must be serious!

Does the daily have to close around 8.50 to be complete, or is this considered as formed? I know very little about charts.

I'd totally forgot about being in the group until yesterday and thought "cool all the info in one place" lol

I'd sold at 7.91 and it'll take me until Tuesday to buy back, earliest, so it's a toss up between gambling with a pump and dump on PREM, that's one big sh*tshow now, or do the sensible thing and get straight back in EEE.

Actually a couple of guys on PREM would give you a good run for your money, if you ever get bored. 🤣🤣.

Mischief the link to the scam reporting site was only up for about 1 minute and the screen shot about 5 minutes before so I think only a couple of people, along with the mod that banned me saw them.