Member Info for m_wall

It's as if they're too late to the party with all their booze, and the venue is dark and long deserted. Don't get me wrong, it's good to see the SP go up a bit, but the rollercoaster that was promised has ended up being a Robin Reliant stuck perennially in a ditch. I blame the location, personally, especially the country's government, plus the EU.

This is a crony capitalist company, like Serco, reliant on government contracts and public/private partnerships. With a sovereign debt crisis and war coming up, I can't say it's got a long-term future, unless it moves away from government/public sector contacts.Maybe they'll get the conscription gig next year, and give them a short term boost.

I've still got half of my holding here, which is a risk, but it's not my money, if you know what I mean. Averaged in at just under 4p. The board was never going to be good enough to get this mine off the ground successfully, which is why I'm expecting some kind of takeover/buyout. Could be wrong. Hopefully it will be more than the current share price. I recall the lowball offer that Anglo American had made for Sirius Minerals, which was a paltry 5.5p a share. A lot of investors got burnt, as their share averages had been between 30 to 40p. At the time, Sirius Minerals was struggling to raise the extra capital needed to fully develop its Woodsmith polyhalite mine in North Yorkshire. This had been at the tail end of the last decade.

I'm afraid it's too little, too late. Do you realize how incompetent the MOD and UK bureaucracies are? War is due next year, so I doubt if there is time to implement much. And think about it. Release an EMP weapon, and anything digital or electronic won't work. And you can have the best software/AI in the world. It's probably best to invest in companies that make tangible things like ploughshares and hoes. Lol. Defence Holdings has had a good run. I can't complain. But can it maintain the momentum? Best of luck.

Sirius Minerals was gobbled up by AngloAmerican some years ago. I had been in both shares. Could we see the possibility of Rio Tinto doing the same here? They're looking to get into the tungsten business due to geopolitics and the rising tungsten price.. So is Warren Buffett, apparently.

The largest tungsten resource in the world is the Mactung deposit in Yukon and Northwest Territories, Canada, owned by Fireweed Metals Corp. it is about 4 times the resource size in terms of Hemerdon, at around 41 million metric tonnes of tungsten trioxide. It's also undeveloped, but fully permitted for construction in 2025. It has the potential to supply about 2% of global tungsten demand once operational.

That spread is unreal.

I'm new to this share, so forgive me if I repeat things that are already well known. I used to be in solgold in its heyday and other gold miners years ago. Drilling has confirmed many high-grade, lode-style gold shoots with intercepts up to 20 grams/tonne. Now, that is very high grade. If they come across more lodes along the strike, the maiden JORC resource will be interesting, to say the least.

Implication: These systems oftounces initially), though they can grow as multiple lodes are discovered along strike.

I dunno if the financing is going to come too late if a wider conflict breaks out in Europe next year, which seems likely. True, they could fast-track the mine's development, but this mine should have already been in production for what's coming. Putin or whoever is next in line isn't going to wait until 2030 when European elites and governments think they will be all armed up, guns ready to blaze. When you consider the tens of billions government wastes every year, they could have bought out the shareholders and got things rolling for a fraction of what they waste every month. It's a ridiculous situation. They are the ones pushing for war, after all, not the people of this country.

Yeah, it's a reasonable entry price. I hope. I got in last week. Fundamentals look promising.

Could be wrong, but I think a takeover looks more likely than ever now. This reminds me of Sirius Minerals and their massive polyhalite mine in the north of England . Of course the big question is how high will the premium be? 30p/share? CLNs will benefit more than shareholders if that does come to pass.

Clns and shareholders will benefit if there's a takeover with a high premium paid. Conversely, if all the clns convert, which will relieve the debt burden and make the balance sheet look respectable, there's a high likelihood that the share won't stay at 3p for long. It will probably go back to 10p or higher, and in 2026, with war lookly highly likely, then the sky is the limit...for a time, anyway. The big question is what level of risk are you willing to take? If there's a world war on the horizon, what does anything matter.

Free trade and other platforms.

I'm afraid not. We've got global conflict brewing for 26/27. Someone will step in and get this mine operational -- most likely the Americans. However, us shareholders may find ourselves being ripped off, in the manner of Sirius Minerals and Anglo-American for example. In other words, an expected 60p a share might turn into 20p a share. I'm not saying that's a dead cert, but it's a possibility.

The gold price is getting interesting too. The recent increases have nothing to do with inflation, either. The way all these different markets interact, like wheels within wheels, may seem chaotic at times and leave people scratching their heads, but there's a hidden order and future meaning behind it all. The Chinese have recently implied that they would back Russia in the event of a conflict with NATO, because they know they would be next in the firing line. So, over the next year or so. I'll be surprised if they loosen their grip on the tungsten market.

Lol@Montgomery. Afghanistan was not a success. And if you look at the companies this Lord chap has been affiliated with, a number went into liquidation. Becoming a palantir clone is not a bad ambition, but the UK is not the US. This SP is most likely going higher though.

You've got war coming in the Middle East again between Israel and Iran and you've got a wider war in Europe coming next year so, before that happens, this share should rise in anticipation o allf that. Then you've got a possible conflict between the US and Venezuela brewing.

The US has always been the favourite to fund and exploit the mine. Europe and the U.K. just dilly-dally all the time. If this mine was in China, they’d already be exploiting it. We might see 40p+ by the Spring of next year with a bit of luck.Share prices tend to go up in anticipation —animal spirits and all that.

Maybe. If I remember correctly, the SP was pushing 19 p during the lockdown malarkey. People have short memories, I sold out at 11 pence a few years ago now. I've seen his game played out a million times before though with aim miners. Be careful. Investors will be looking to realize their gains, believe me, after such a steep rise from a low base. And you know what that means. If this was a decade ago again, I would definitely be all-in on WSBN. In this current high debt era, well, you take your chances.

When the drums of war get louder then this share will move, maybe a false move downwards for a start, then it will climb. I know Trump is planning on doing a meeting with Putin soon, but I don't think it's going to amount to much. The European leadership and NATO wants war with Russia. And that's starting sooner than you think -- in all likelihood next year.