Member Info for kevin0541

@ Bamps suggest you re-read SD FX tweet as it clearly stated a link to ‘metal revenues’ not fundraising. We have no revenues so the tweet was ridiculous

@jerseycrew banks predominantly look at the ability to repay debt. Falling SP, money raised being spent on new tenements means no cash to repay - unless you raise more and doing so at low SP means big dilution
@bamps I admire your blind faith in SD and mad posters on here, but take the blinkers off and smell the coffee. The share is toxic to any new investor at the moment and whilst it shouldn’t be so, the only person who can change this is SD and his board. Despite all his bluster about his track record, he has achieved very little in bringing big institutions onboard and has tanked the SP into the shorters hands by planning a fund raise on the back of a PFS release that he thought would mean a big rise in price. Got it horribly wrong and has invested a mere £50k of his own money despite all his hype

PS I think SD has been a disaster. Few CFOs make great CEOs and he is a classic. SP 70% down, poor placing, can’t attract insto’s and all the time he thinks he will improve things by issuing stupid tweets about irrelevant matter ie FX rates that aren’t relevant until we produce. As for personal commitment - most of us have multiples of the £50k he just put in

I totally disagree. Yes have money in the bank but he got timing horribly wrong and placed at a discount to ridiculously low price. Why spend more money buying new tenements and drilling multiple locations whilst he can’t attract investors into the core business. We need stability and confidence for lenders to participate - why would they lend against an ever falling SP?

and then got hit with another big sell Tom! Good to see Hydro is correct yet again today about shorts closing ??????

Point is that it makes no difference if they have bought back or not as the end result is still a weaker SP despite all the massive ramping! Tomorrow could be worse so let’s stop the ramping and de-ramping and just accept that it will be whatever these manipulators want it to be. They aren’t frightened by results cos if they are good they sell into any rise. If they are bad they sell into the fall. We can’t control this other than buy the fantastic fundamentals and cross our fingers the games will soon stop - including those by some on this board!

In fairness it says 154/month suggesting that is a rate rather than a depth but I don’t believe they are working that fast. Fantastic if they can achieve that per month

https://www.byrnecut.com/projects/oceania/australia/havieron/

That is as per today but it doesn’t say when it was last updated

According to Byrnecut site it’s 154m

Many thanks for the feedback on IPO. Todays small constant buying is very strange but without Low6 I sadly can’t see this rise holding. Rincon has been very poor recently

Have you seen any update on Low6 ipo - I haven’t seen anything

Tig the opening price always moves in the opposite direction to the UT. 2 days ago UT jumped and following day SP corrected it. I expect same today - well hope at least lol

Ok Hydro so I said I would wait with baited breath to see if your usual prediction of the shorters buying back their sells and price rising. Where is there any evidence of that today? Was simply a brutal example of how these shorters don’t mind a rise like yesterday or the big one pre PFS as they simply sell into it. No evidence of big fund purchases or at least not of a scale to balance out the sells. Why so slow to respond when you are so quick to push your theories to everyone?

The UT is an artificial price based on an MM to MM trade. Yesterday we jumped to 1.8p rise based on an artificially high UT compared to last trade prices and we dropped accordingly at the open to reverse it. Tomorrow we will open up to reverse this

Ok Hydro so I said I would wait with baited breath to see if your usual prediction of the shorters buying back their sells and price rising. Where is there any evidence of that today? Was simply a brutal example of how these shorters don’t mind a rise like yesterday or the big one pre PFS as they simply sell into it. No evidence of big fund purchases or at least not of a scale to balance out the sells

As you well know Hydro as we have exchanged direct messages, I too think there will be an almighty squeeze at some point but I don’t agree that every day this falls someone else is loading up. The shorters may well buy back some each day, but they are also made of stern stuff. They didn’t panic on the 20 + % rise ore PFS, they simply hammered it down the next day. IMO they will close when it suits them or they get caught out by news which is a game changer ie a new find or the upgraded MRE. To answer SaS and as you know I am a long spreadbetter that gets stung financially every time these guys force the price down so I am entitled to an opinion like everyone else. However the true value will eventually come through at some point. The Rick Rule interview being shared earlier is a MUST listen to regarding shorts and value

Made a massive difference in the SP!

Genuine thanks for some of your posts Hydro. This one made me laugh so hard - ‘ignore the sp …someone’s accumulating. There must be a wad of TR1’s waiting to be lodged.

Great day thanks Hydro :). Waiting with baited breath to see if your buy-back theory is true this afternoon