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Maybe someone here can throw some light on the SP in the light of all the news - I just don't get given the size and scale of what's been announced why it's not moving - I know people have been saying the rise factored in the news after all the build-up with drill results etc but given the sheer scale of what's there with a great board moving ahead to the next stage and that the valuation is based on very very conservative prices for the Tungsten price alone, the company has at minimum tripled in value... is it because we've gotten to the stage where little moves before firm plans announced for mining and processing to start?

I know very little of the thought process behind a lot of the share movements and don't pretend otherwise - my thinking based purely on how I "feel" about it is the fall yesterday was based on pure profit when we were in the 6's and even new investors got a very decent return. Thus far and certainly for me as a very LTH there's been faith in the presence of the resource and it's innate value based on size, grades and the market price of the metals concerned. But that was only potential. Under this new BoD we're getting to the pointy end, while the size of the opportunity is vital it's increasingly about WHEN not if we move to production, and the tension between getting in at a decent price v potential upside v timelines and your willingness to wait. So while the MRE will undoubtedly inform us as to the increase in it's potential value the more important thing is plans for the next stages and their viability and likely timelines. Getting up to 8 or more would be more than possible but it'll then go down if people think they can take that profit and make their money work elsewhere and come back and still get the value which comes a few years down the line - the big question to be answered tomorrow is if 8 or 9 or 13 is a new minimum. Sorry if this is all pretty basic thinking for you guys - just had to get it off my chest.

I hear you Brigglet - same story for me but it's already a triple bagger for me so finally managing to let some of the pain wash away.

My head's just spinning from all the variables - hard to fathom how far we've come in such a shot time and that the considerations now are today's production etc. Great that we now have such confidence in the management. Baby steps though huge anticipation for the response to the MRE.

And let's not forget the silver as well.... christ is this a triple bagger on MRE alone?

I think that happens when the gap between the old numbers and the new MRE is quite close so the increase has priced in by any rise before MRE release. Given the factors of a huge price rise for Tungsten and the large increase in the amount of minerals/increased quality and further exploration options plus the recent addition of silver means the new m/cap could/should be considerably higher. While I'd love the 13/20p range to be in target I think a rough doubling to 10p mark to be realistic.

Can't speak for anyone else - but I always had faith in the drill results from the early days that there was a considerable asset here - we then had a frankly laughable board in place that did the square root of FA. The new management team have been transformational, re-assayed the deposits and established there's more minerals at a higher grade (and now added Silver to the existing tungsten, copper and tin we knew about) while also improving income from other assets they own. The current team are clearly trying to take forward the process to hopefully start mining at a foreseeable date. Add to that the huge uplift in Tungsten prices, geo-political factors and a new investor who has pumped in cash to make further exploration self funded and it's all looking very good for the future. We've been fed a few tit-bits of what's going to influence and been included in the imminent MRE (before the end of the month) which will detail the true scale and new value of the deposits at today's prices and it'll likely blow the current M/Cap out of the water.

Please excuse me if this summary is contradicted or corrected by others who know more, but this is my understanding at present.

Holidaying in Cornwall over the years I've driven past the mine quite a few times and cast a wistful look at it - I expect to again later this year when it'll probably feel more like a pilgrimage if it finally takes off.

Totally echo what you're saying. I also bought in at that time so an LTH and also looking at finally getting my reward - just wondering what the MRE will do to the price given the latest news and tungsten price - personally not looking to sell anything for less than 10p.

Yeah in many respects its a savvy and cheap in for a big investor - likes what they see but longer term depends on the size, quality and the feasibility of extraction. So come in and fully fund a wider drill programme at agreed cheap entry point so that initial risk is covered by expected rise in price with the release of the MRE.

Just added another 100k of shares so near 3m now - confident that the MRE will make a big impact and new investor a big signal, must have had sight of the facts/forecasts etc and significant that they have come in just before the MRE.

The wait for the next set of drill results is driving me crazy!! If the results are at least as good as the first hole what are people's thoughts on the possible impact on the SP?

Can I echo that as well - barely looked at the price once a month for a few years, now I'm checking every few minutes!!! Still got PTSD from when it dropped from the 3+ it was a few years ago, the dilution did me no favours either. Now I'm just on tenterhooks for the new to come!!

Nervous time - after so many years sitting on a considerable loss after adding, to my original 0.02p, shares at the height of the last bubble and the dilution impacting me too I kept faith with SML and finally I'm seeing the potential I always thought was there beginning to be realised - good news from the drilling results can't come soon enough!! I've just done a Bed and ISA as well so alot (for me) riding on this..

FTP here - I bought way way back at .3 and doubled down at 1.5 and have stuck with them through the dilution and the horrible lows - still holding 2.5 million and staying - can't want for the next PRs

Morning all - thanks for your explanations and insight the other day. Like the many other long termers I remain very confident here so have topped up. Though the mystery of why yet again after a good news story the market doesn't react as it does with other shares continues to irk and bemuse me.

Hi all, I'm a long term hold here and not very experienced and frankly a bit confused. This share seems to have everything going for it but stubbornly isn't moving much despite all the good news. So why when other shares move massively on a rumour is this share not higher. Even when the news comes through about the x3 increase in Redmoor etc does it not go up. Any insight appreciated.