Member Info for london_

Those chunky trades going through recently might suggest the warrants being 'dumped', and the MM's offering a lower price for the big trades like that. IIRC there were a couple of 5 million share trades, so maybe they've been dumped already? Price jump to 2p soon?

Great shout ShangrLa. 20,000,000 shares @ 0.5p. 2-3 x profit based on the prices being seen.

They had to be exercised by end of 2025 I believe (correct me if wrong), so would make sense to take that couple of hundred grand profit when only just over a month ago there was no gain on the warrant price.

IF using the mid price at the time they are showing, then they would be sells.

@ Guly - what makes you think the NPV will rise to $1 billion? The most recent results show promise of 2.5 x increase?

So the SP increased to a 1p from 0.45p after the results on Oct 13th.

Then dropped back 25% to .75p 10 days later.

Then a steady-ish rise over two weeks to 1.8p. In that time the RNS' were trading update and holdings in company.

Today's price is where it sat about one month ago (along that rise between 1p and 1.8p).

20p = £470,000,000 MCAP

Current NPV = £300,000,000

I'm basing my prediction of 7p on MCAP 50% of current NPV, in the hope that MRE shows that + permitting comes easier + II's investing + potential government funding,

But, today's drop of course leaves me wondering. Tree shake? Incoming bad news? PI's with expectations too high at this stage.

Lots of, i'm guessing, sells (unknown trades) around the million mark today.

IF the price is going to 'pop', then it should after the MRE. That's if the remaining drill results are excellent also.

If you believe in the company atm, ignore the noise for now IMO.

DYOR.

If you believe in the board, the company and the asset then the MRE is the first point to hold for IMO.

Placing fears for...............?

A bit of downward pressure occurring after the SP resisting for a while.

Higher grade. Higher recoverability.

TUN's Hemerdon mine would get up and running sooner?

75k trade showing after hours.

Is this being held down, or have the drills been priced in? I appreciate that the confidence factor of what's in the ground and how to get it out of the ground is lower in this early phases.

How/when did companies like GMET and EEE SP explode?

SML have money in the bank and money coming in.

The big problem for many AIM explorers is that they do not have money coming in.

So, as the presentation showed - funded until the end of 2026. I assume that means exploring until the feasibility study?

I think I read that development of Redmoor could cost in the region of about £60 million. Where that comes from, I do not know. But the fact that the results are showing fantastic figures thus far might mean funding is found more easily and on better terms.

300 million shares traded on the original drill results news back in October. Less than 10 million today.

Is everyone buckled in?

Or have the upcoming drill results been priced in?

Or is it being held down?

I've had bad experiences with Loan Notes, so not sure I'd be involved again with a company with Loan Notes.

Anyway, with the last NPV at ~£300 million, this has massive potential to rise.

These unknown trades are consistently 500,000 - 1,000,000 in volume.

Those from Friday are HUGE compared to what has been going through.

Hopefully, if the government are 'on' this, then the lower end of usual mine development and production might be seen.

Great find. Sounds like they've got an agile team that minimises waste and maximises results. "Problematic for funding" though - that's always going to be the big "what/how" question IF the results show development and production is viable.