Member Info for m_wall

In a perverse way, it is a good job the Chinese are involved at kodal, otherwise the mine probably would have been nationalised by now. Africa is obviously aligning with Russia/Brics, so it makes their countries less desirable for investment from a western point-of-view.

It's in the 'zone.' TUN isn't far away, if you want proof. Sure, outside factors can hit the SP, which I'm not going to mention here. That's what risk is all about. On the balance of probabilities, the future looks bright for SML. But there will be ups and downs. If you think it's too risky, go and find another share. You won't be able to influence or talk this share down. The market/global events will determine the fate of the share price. We're invested here and want success. We are not masochists.

If you look at Techmet, it describes itself as a “permanent capital vehicle” that builds businesses across "the value chain: from extraction, processing and recycling to battery-component manufacturing." Taditional private equity firms raise a fund with limited life of say 10 years and then exit their investments in 5 years. TechMet describes itself as a “permanent capital vehicle” (i.e., no fixed fund-life). So, you could look at Techmet as a kind of hybrid private equity firm, because of US government involvement. Mining and processing are capital-intensive, subject to commodity price shocks, regulatory risks, etc, and projects take a long time to get off the ground, so government may be providing a backstop for a long time, lol.

When it comes to retail investors, the question is what is going to be the offer on the table if a bid is made. Where is the SP going to be in December? 5p? 20p? Or what it is now?

Nearly 2 years ago the SP was one-tenth of a pence, so if the sellers have been holding since then then you can't blame them. I remember the SP of GGP being that price back in the middle of the last decade, or thereabouts.

RC (reverse circulation) drilling will confirm the gold grades and help quantify the amount of gold for a mineral resource estimate.

RAB have reduced their holdings by 30.5 million shares, if I'm reading it right. They've still got 88.5 million. Probably made a quarter of a million or more, who knows.

Probably going to 3p again. I've still got paper shares in sml.

Things are looking up for TUN. Let's hope we build up some momentum here.

I'm still sitting on some paper shares I bought 10 years or so ago. I remember the 3p days, minus the tungsten talk. Potentially, the company is in a lot better position today though.

It'll bounce back in a couple of weeks. Just needs a shock or two.

The 4m one was a sell.

Oil has yet to catch up with the gold price. Gold is going up because of the prospect of war. I expect Brent to hit $90+ before Christmas. Who knows where it will be in 2026. Over $100, that's for sure. Gold will probably be pushing $5000/Oz.

It's easily worth 10+ quid. I used to be in DS Smith until the takeover and have been looking off and on at Mondi when it was between £12 and £10. Probably time to dip my toes. The drop in revenue around 2022-23 really hit the share price of Mondi hard.

If there is, we might have to wait a month or so to find out.

Interesting...I'll leave it at that. About time we had some good news. I know the US government took a 5% Stake in Lithium Americas, which is about $425 million dollars, if I've got my figures right. They could easily buy out Tun.

For those that don't know, Defence Holdings was formerly known as Guild Esports and Cassell Capital. They reported a revenue of £4.33 million for the 18-month period ending 31 March 2025, mostly sponsorships and esports-related income. That's all gone now they've done this strategic shift towards defence and AI.

The Gold price is currently $125 away from $4000/Oz. If it breaks $4500, the sky is the limit.

At 8.25p, the share is at its key support level.

Yeah, it's up there with the best. I'm fairly cynical about the UK share market, but MGNS has defied expectations.

I remember in 2016 or 2017 when there was last an exponential rise like this. I think it went over 10p, and then fell back the next day. That was when it was primarily an onshore oil and gas exploration company. Personally, I don't think there's much of a future in Hydrogen, especially with war around the corner. Ironically, we are gonna need all the oil and gas we can get.

If gold goes above $4000, then we could see tuppence. And sooner than we think.