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i was happy with what i had sitting as profit.

took that as i was worried a **** storm coming and thought maybe the sp might drop off if world markets panicked. plan was to get back in if that happened.

happy with my conviction on this one this time around. small loss in holdings.

I chickened out yesterday, with the worry that the world stage could have been severely impacted.

Back in today. Sold a chunk yesterday at 4p. Back in today at 4.3p. A loss in number of shares, but hoping the SP can rally again in the ST

I'll admit, I am getting nervous right now due to the orange buffoon.

SML have the 'gold' in tungsten.

But, production is a long way off. Can SML, as a junior minor, weather the storm based on world politics?

The recent Coffey investment makes me more confident than I'd otherwise be (alongside actually making money and the potential LC sale?

Just looking for some reassurance.

The drilling is in progress.

So, based on the last drilling campaign, what kind of news flow domwe expect in the next 6 months?

I believe there was talk of also drilling beyond the current zone, to see if the mineralisation continues out also.

But the infill drilling is about adding confidence to the last drilling campaign.

There's more of it. It fills in the gap. Basically more dense to give more certainty of what's in the ground.

Guess I'll be sticking around until the PFS then.......

The board are keeping the ball rolling big time!

The way I look at it right now.....

The resource is still only inferred.

There's no definite sign of how SML would fund production.

Tungsten price - will it stay above the current figures utilised?

And the SP has risen from .3p about 6 months ago.

That's the 'cons'.

On the plus side.

Investment from a prominent name.

Drilling results have been fantastic thus far.

Fully funded for the PFS. Maybe a bigger exploration target.

Broker notes to be published.

It's still early days. Lots to come.

My gut feeling is that this will tick up gradually of the next month or two.

And new highs if the infill drilling and potential further exploration adds confidence to the current info.

Can a few posters move a SP with a couple of billion shares in issue?

I've always thought this.

I think this was discussed a short while ago.

The wording makes it seem as it it was a group of investors if you read the RNS carefully.

Could it be some stop losses being knocked out?

A very large trade being filled?

Past directors selling off?

The recent investors won't sell the recent shares, right?

Ones thing for certain, the delayed trades tend to start showing up in the period after positive news (of which, I'd say is every RNS since I invested last year)

Or maybe the current price reflects the current confidence level in the current resource estimate.

The news is overwhelmingly positive here, so I can't see it dropping below the recent raise price in the short term. And I can't see it sticking below 4p for long.

My gut feeling is that the SP will recover slowly but surely towards or above recent highs over the next month or two.

Just my gut.

Lots of chunky trades going through.

Does a broker target relate to now? Whilst the resource is inferred?

Or does it relate to progression towards PFS?

Would the new investors cash in this quickly?

Previous board members?

Profit takers?

Stop losses?

25-Mar-26 15:56:43 4.90 4,301,500 Unknown* 210.77k

That's a big trade!

Agreed @Forensic505

Give it April to see what impact this news truly has on the SP in the shorter term.

Every drill result is a step towards an indicated resource, which is an increase in confidence. I was hoping to take some profit today, but I think I'll sit on my shares over the next 6-12 months now.

Just looking at TUN. Last year the price went from ~4p to ~7p in the week post MRE.

The price then jumped to ~13p a month after the MRE.

And then the price went to about 30p+ on updated project economics.

So not necessarily in the doldrums here. We might see new interest bump the price up in coming weeks. And the infill drilling, on positive news, should also bump the price up.

Plenty to happen between now in an indicated resource.