Member Info for JohnMichaels

Hi Lupidog

recognise the name from over the years but surprised you think we're overpriced.

I checked in on the LSE board after reading the FT's story on Tungsten today.

If things remain as they are (China restrictions/ongoing war/developments in nuclear fusion perhaps!) i'd say we're underpriced. But alas my crystal ball has never worked.

We are the price we are currently.

I'm hoping for continued good drill results .... no evidence to date to suggest they won't be.

What I'm really hoping for is some government support and I also liked the discussions of a TUN and SML 'deal' with our billionaire having a foot in both camps.

There is a lot of value here, and I think traders going to trade but risk having to pay more to get back in.

I have made a few quid from this share, not the first time around, only in the last few months but have many more reasons to hope we see continued SP appreciation over the coming months towards PFS.

Good luck everyone. It's the waiting that's a killer but after years and years, what's another few months.

It's not nice to see the share price 30% down over the past few weeks but this presents a great opportunity if you've got cash.

Having seen this rise and fall before, this time I'm comfortable with the progress to date and management. I'm surprised we've seen such a drop and people will have their reasons but to me hopefully we're seeing wealth being transferred from the impatient to the patient.

Good luck to all and here's for some stabilisation and even more positive news (although all the positive news seems not to be helping - ha ha!)

I bought another 1m this morning. Excited about the potential - appreciate it has risen a lot already over the last year, but the need for critical minerals and low shares in circulation interest me. SO here's hoping the MRE is robust (results to date have been positive). Good luck to all holders

What can I say, what an amazing read the Zeus research.

WIll I be able to sell some of these at 11p, the same price I bought into SML back in the day.

Amazing management. Life changing opportunity.

DYOR and continued good luck to all ... esp the LTH, hope you've made a bunch already

All,

Just to add to this discussion - BTW it's great that Mr. Coffey is above 3%. Show's great confidence - wasn't it said on the Zoom call that no one was over 3% to their knowledge at that time (Thursday am).

Then we had a big sell up & bigger BUY UP and now Mr. Coffey has over 3%.

This surely means that he MAY have been a prominent investor for the 4.7m raise but not enough to be at over 3% & perhaps has purchased when the SP dropped and he is now over 3%. Happy days.

Irrespective, great news and look forward to all the new news due.

Keep well all

It was an 'excellent' MRE earlier this morning but now just a good one.....

To be clear it was an EXCELLENT MRE.

OUTSTANDING actually. (40% IRR)

Yes we have benefit from the price of Tungsten but the board have gone with a more sensible Tungsten price ($1200) which means lots of upside.

They also are fast tracking elements of the PFS.

However, they also talked earlier about 1.8-3.4mt still outstanding. And Duchy land & $240m silver in ground value not included. Let's not forget low capex needed (110m vs 200m normal costs) & they are looking to bring this down further.

The net results is we're trading (now) well below 6-12% of potential value, so lots of opportunity.

If folks don't remember the famous Buffet saying about value transfer from the impatient to the patient I prefer this myself ....

No great thing is created suddenly, any more than a bunch of grapes or a fig. If you tell me that you desire a fig, I answer that there must be time. Let it first blossom, then bear fruit, then ripen. - Epictetus

My very first purchase of SML was at 11p many, many years ago and so looking forward to seeing that again .... relatively soon.

Good luck all whatever your trading strategies. This was excellent news today.

Depends on your objective of course .... at a tungsten price of $1800 .... NPV $2.7bn .....

Good luck whatever you decide .... and remember the stock market is a device to transfer money from the impatient to the patient

Well done management again and best wishes all whatever your objectives

Has everyone actually read the RNS's? .... base case 40% IRR ...... $1.54NPV ... wow.

We're seeing crimes being committed in front of our screens.

A new breed of investors will arrive and value always, always wins out.

This is an outstanding MRE and we're ready to hear the managements plans for PFS.

Traders gonna trade and good luck to them.

But let's be clear THIS MRE was not priced in, not his one and let's wait and see where we are in 6 months, but appreciate those timings don't work for everyone.

Well done management and here's to lots more value being realised on the back of this MRE and what's to come.

Bravo

So funny to see these folks come out in the last 72hrs. Probably a day traders dream, but some of us have been in this for years and doing fine.

I have no doubt we will have a fantastic MRE but that's only part of the story here, PFS and associated increases to come all while we see how the rest of the business is performing. The management have done a wonderful job to date.

Good Luck all holders, if you're getting out tomorrow or staying for the ride 💸

Great management are having a call too, really professional.

Welcome I see you from SML also. Make hay while the sun shines eh. Best wishes

You seem like a nice person

You said you couldn't trade on IG, I said you could and purchased 2 tranches of shares.

Hope your day gets better

Really, I literally have just purchased 700K (one 500K and one 200k) ...

I'm done now but this price doesn't seem right with the newsflow to come

GLA

I've just added another 500K this am.

I've not benefitted from the recent increases here, but with the state of the world at the moment and the need for critical minerals and with the news to come, surely the future looks good here. With good assay results and future listings this SP could be multiples of where we're sitting today in 9 months time.

Good luck to all Holders. Exciting times.

Can so

Yes I can't do anything either and was looking to top up on REE ... never had issues before ... couldn't wait on the phone and help bot useless. It's crazy

That's a lot of shares traded for sure Bluegrass. some very chunky ones actually.

Two of the trades shown up now from yesterday (700K (3.26) and a 1M (3.1) ) are mine and they were buys. A 300K trade was printed yesterday.

I see lots of interest in other strategic minerals stocks and I assume after a positive MRE (& personally after 12 years I think we are going to get a very positive & expanded MRE) we might see some heavy hitter investors show similar interest in SML as they are in TUN or REE or HREE.

Long & Strong as they say. Hope normal service is resumed now after yesterday's drop. Won't lie when it went below 3 I was very surprised. Didn't get any then hope we continue upwards now to reflect the very robust results to date and the ambition of management.

I have just bought 2 more million shares today in 3 tranches (300K / 700K / 1m).

Looks like miners down mostly (at least the ones I'm in ... nothing new there!)

But the fundamentals are still VERY strong here, at 3.2 and 3.1p this has to represent great value with the newsflow and direction of travel due out from HQ.

I was excited last week about the potential and still am today. Who's the guy who said when others are fearful .... be 😉

GLA LTH

Thanks to a heads up on the SML board I've invested here, just under 1M shares having read around the company for last few days.

Don't think I'm too late to the party, lots of unknowns but surely the US investment is a positive and assay results due soon this has potential. Also a 'target' of 12-15p Look forward to learning from more longer term REE holders although many may have left with the recent rises.

Critical minerals are having their moment (unfortunately) driven by defence needs as well as wider technology requirements. As one would say, make hay while the sun is shining. Good luck to all invested.

Hey don't get me wrong, I think it COULD go a lot lot higher and I do hope it does. I'm going to be getting itchy fingers at 8p, that's all.

Yes I have put all into ISAs, back when you could put a lot of shares in under the 20K allowance. But i'm no great investor, went big into MSTR at over $350 a share and well .... but thankfully after all these years no CGT due on SML

I have just added again at 08.43 (300k).

I'm one of those who have been here from 0.003 to the old rise to 3.6p and saw it fall all the way back to 0.0017p. I have been here for about 12 years and always adding. Let me say that the way this is being managed at the moment is impressive. The vision, focus and communication has been first rate. Of course we're being helped by external events but as the saying goes make hay while the sun shines and that's what this management are doing.

I think the old age of sell on news could cost people here. I think that while thoughts of 20p are fantastical (my shares would be worth 4.8m GBP !!) I do see this reaching 8p+ as we approach PFS & that is conservative - but we can't predict these things, else I'd have won the lottery a few times.

This management seem to be crafting a narrative beyond just the MRE, there is also the chance of more government support, interest from other players and also the Duchy land, irrespective of our Copper play etc.

After 12+ years this is beginning to get really exciting. GLA LTHs