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Should draw some more positive attention & volume to clear SC - once they're done selling things should move pretty swiftly north I would expect.

ASX usually follows AIM, so that was the knock on of our session, although did slightly better than us funnily enough.

ATM sitting on a huge resource while being a producer & financially solid - hoping the wider market will start to take notice at some point. Huge potential for growth.

Sounds promising that the court will uphold the law & majority will be maintained during this session.

The share price has seen a 50% gain in short order so a pull back is to be expected. Nothing goes up in a straight line. Volume to me doesn’t indicate a mass exodus just market mechanics

Https://www.afr.com/markets/commodities/lithium-stocks-one-deal-away-from-going-on-a-tear-e-and-p-20241015-p5kicj

Price action here lately, and on ASX so far today indicates a favourable outcome is likely. I wouldn't read to much into political headlines, as its the same everywhere.

@DonkeyOatey - John Meyer is an SP Angel employee, he ramps any company which they represent. He changed his tune on ARCM overnight because they got dropped as ARCM's nomad/broker. He's not a "respected junior mining specialist," he just repeats recent RNS info (often shows his lack of full understanding) and bigs them up as part of his job.

Looks like it was a trial but due to the steep dip the application struggled to ID known pegmatites. I guess in turn making it harder to ID unknown ones. Capital to be reallocated to drilling which always seems to deliver.

Expecting all the lifers to be jumping on this & trying to spin a morsel of positivity from a dire situation.
For anyone who’s got sense, don’t get sucked in by delusional posts, this has been going on for years & the death spiral finance is just beginning. Quit before it’s too late; this isn’t an attractive mining project relatively speaking & its within a terrible geo political environment as the majority of the last decade has proven. Nothing will be easy.

Seen the same conversations from the same names going on here for the last 6 years.
Almost like a cult following. Never seen anything like it from a share / company / management that's essentially done nothing notably material during that period. Will come back next year and see what the chat is...

And people still believe this will come good...I've seen the same posts & self reassurances now for 7 years back when I first invested. Death spiral finance commences here...only another $450m to get to production...

The numbers are underwhelming. Look at the other mining projects going around in comparison. Long road ahead for a small prize given required CAPEX.

Fairly meek numbers. Should of done the study 5 years ago and saved us the trouble.

If you believe that management will come out of hibernation at some point then it's cheap down here. The longer they hibernate, the cheaper it will probably get. It's painful, but given Matt & his family's shareholding you'd expect this to happen at some point. I have a reasonably big shareholding so there's no point crashing the price myself in search of a lower entry point, but I'll certainly be adding more at the first sign of life. I'm sure others are thinking the same. High risk, potentially high reward.

Decent buy volume in the first hour of trading so far today. Fingers crossed that it's a sign of something coming.

@OldManJoe - who are you saying owns 25% w/ friends & family?

@EarlofAim - firstly, you can't convert gas to BOE then apply the oil price. BOE is an energy equivalent value, not price equivalent. One boe of gas is considerably cheaper than one barrel of oil.

Secondly, the value of the gas in the ground is largely irrelevant without considering the cost and time taken to extract said gas. Considering there's no export route via Timor Leste, this cost is insurmountably high and even if it wasn't, the timeline of the project would be multiple (~10) years to completion. This is why the majors have left the area, and why Woodside have valued their Sunrise assets at zero. The only hope is that the TL government allow export via Australia.

Good to see some old faces on here from 5 years ago. Have i missed much?

The actual ask has been just under 4.2p all day, with the bid varying between 4.01p and 4.1055p. Counting anything at 4.1055p and below as sells, it gives todays volume as:

Buys: 600,000 (£25,147)
Sells: 836,817 (£33,844)
Total: 1,436,817 (£58,990)