Member Info for london_

This question is.....

Is Coffey one of those absorbing the sells?

According to Chat, he'd have to buy an additional 18 million shares to cross the 4% barrier.

The apparent hard selling seems to have been going on for about 8 weeks no IIRC.

So about 40 trading days. IF it is them, you'd think they'd be close to 'out' by now.

Of course, there will be a lot of other profit takers selling some or all of their stake too.

Hopefully the selling pressure eases off soon.

@Slurm That seems logical.

They had about 160,000,000 between them when they were above 3%.

And that RNS was Dec '25.

Yes, I agree.

Anyone who's been here for a while knows the play.

Polymetal

High grade, critical metals

Based in a historical UK mining area

Paid off very quickly, longer life than expected

The question is, when will the true value be realised? Before PFS or after?

This board has been fantastic.

There have been posts about then with not such positive talk recently.

But they are delivering fantastically at this stage IMO.

The last raise was to fully fund the PFS.

So no raises, hopefully.

100% of sells wouldn't be theirs.

It's all guesswork anyway.

The price has been holding up okay, hopefully the bottleneck can be cleared and some buying pressure seen.

Is the cut off today?

What are they playing at?

Their whole website is based on restarting LC....

My belief is that the value will be realised before the PFS.

Drills + planning + any news on increased investments or potential investment

The PFS will see the price peak uo and beyond expectations.

The sell off has been going for weeks now. Either multiple traders taking profits or a bigger holder clearing their holding

It's relentless

I think we're back on the up now. The buying pressure seems to be picking up.

Sorry, 5.25 on the Bid

It looks to be that way today, 5.25 on the ask atm

Ah, come on.

The UK is a good jurisdiction.

It's a critical metals in a historical mining area.

It's not fossil fuels.

It's not Africa.

For me, that's a fantastic combination.

Looks like a swing in the selling activity finally, some nice buys starting to show.

Would you expect this to have an impact on the SP, as each drill is completed and each metallurgy result released?

The plan is plain to see, surely?

TUN and SML work in synergy.

Close in proximity.

One is high tonnage, lower grade, open pit, quicker to go.

The other is lower tonnage, higher grade, underground, needs some time.

Coffey must be lining up the two to go.

I've been close to selling some to invest elsewhere, but I cannot get away from the principles at play here.

IF Coffey is following his TUN model, then buying up shares as close to the 3.5p he bought in at with the raise would be a no brainer.

Coffey would have to buy an additional c. 18 million shares to get to 4% of my calculations are correct