Member Info for LegendB

Looks like my broker (Freetrade) isn't allowing me to take part. Has anyone got an email address for Daniel at Fox Davies. Im sure he offered to help anyone in my position last time to overcome this issue.

28 looking at how it gapped up. DYOR and not advice just where I'll look to go back in.

Lol talk about miss the point. I have every intention of looking at this long term. The point is I've sold at 35. I can buy back in. More sharesz too as this will drift lower from today's spike before it goes again. This is what most retail investors make the mistake of doing alongside holding losers.

Let's see who's right at the end of the day dozy, or at the end of the week. I sold at 35. Just happy to buy back in once the dust settles.

Let's see who's right at the end of the day dozy, or at the end of the week. I sold at 35. Just happy to buy back in once the dust settles.

Don't get spiked guys. 9% down on today's high mark already. Remember buy the rumour sell the news. Don't get caught out by those trying to push you higher knowing they will sell.

Wow. But I'm definitely taking profits now. A bird in the hand and all that. Pretty happy though!

Given the net present asset value (in the PFS):assumed a lithium carbonate price of 22.5 and it's now over 26k, we are so ridiculously undervalued. Even allowing for big dilution, our mcap is just 2% of NPAV. That is crazy.

So we continue to drift down. The monthly factsheet released this morning is for me on balance negative in terms of news. Silence from the board and still at a massive discount to NAV. Please can someone make us an offer and buy us our. Because we are going nowhere it seems.

Should we not have heard about ratification by now? I'm sure it was only supposed to be until the end of April. I wonder what's taking the time? This share priced has been allowed to drift back to giving all those gains from the CEOl news. We are seeing a lot of ignatio on the PR trail. Which is great.

I can't believe anyone associated with this stock is happy that the price seems to have settled here. What is perhaps more surprising is that someone more opportunistic hasn't come in and at this price for the real estate value alone.

Gresham haven't really been selling. Total position stays at 1.55%. They are just rebalancing, liquidity and probably just working orders. The forms all point to a strong institutional base at around 145-150p. No one is selling based off the 8.3s over the past week or so. Very positive you'd see a reduction in ownership if there was a belief this will continue to slide lower.

Sorry not clear, what I mean is It’s an older, high-cost mine

That requires ongoing capital and if you look at it historically it has as really volatile performance. So it's not about where we go it's what this looks like at today's price. The risk is costs start to creep up, the grades disappoint and capex starts to rise disproportionately.

I don't think that pointing this out suggests I have an agenda I just prefer putting my thoughts out there for someone to offer a counter point or agree.

Never had to post before, as in at 550 and it's been good since then. It is usually a red flag if all you get is insults back from asking a simple question. It usually means that retail sentiment is holding this where it is. But yes I can sell but was hoping for reasons either way. It Is a discussion board right?

So it looks like we are very much pricing this now as a fully functioning high quality mid tier producer. We are priced as a proven operator with stable cash flows.

We have a £4bn valuation for a single core asset. We aren't very diversified are we? The multiple of 20-22X earnings is very high now and priced for perfect execution - which for every miner i've invested in never seems to be the case. Also it is based on gold staying where it is in price. If Telfer doesn't deliver the whole investment case de-rates pretty quickly. Which suggests now might be a good time to lock in some profit? Thoughts?

Looks like buying the free float. Lots of accumulation at this price point. Would suggest market thinks that an offer could still be on the cards. I'd expect more a drift down if that wasn't the case. Also at least one hedge fund taking a new long position. Only over 1% but still a positive sign.

Good to have the PFS. Not the blow out we'd hoped for though.

NPV DOWN from $1.8bn to $1.37bn

IRR DOWN HARD 45% to 24%

CAPEX UP MASSIVELY $380m to $748m

Production DOWN 20kt to 15k tpa

Material degredations. I'm hoping that the scoping figures were overly optimistic and that at this level strategic partners see a good business here.

Thanks the lord and Wind some good points there. I just wonder why they wouldn't wait for one more day to then sell off the back of the PFS. Let's hope like you say that they just see it as good business and under a bit of pressure elsewhere. Onwards and upwards!

My worry and question would be why sell now. Seems odd they should sell the day before the PFS is due. I've made a top up but I am nervous about why metals one would choose to sell before another potential catalyst to the upside.

Price just took a nosedive. Anyone know why. Worried about a leak as it's an odd time of day to fall that much off no news.