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Is there really a reason to worry about the price going down to 4? Or if it went to 3 or 2? Don't put money down you will need in the near future on purely speculative stock. If you do have the money to spare, approaching a 99% discount on the value of the resource seems like a great deal to me. Whole market moving down doesn't mean much. If the mine works out you can collect the money you put in today as part of your quarterly dividend in 2-3 years time.

No hiding that holding the share has become a lot less exciting than around February time.

Comparing price action of TUN, EQ resources who already produce in australia we are all following a similar trend. We can keep throwing out speculations about a seller etc etc but at the end of the day we're just following a trend line until some news separates us from the rest. Tungsten prices going up surprisingly quickly again in China - could be the prompt that's needed to start pushing us forward in absence of news.

Looking forward to hopefully getting a good update from the company after the mining conference tomorrow.

@ bluegrass 22 cent vs 37 cent high is a bit more than 25%

No personal clue on the relative impact of tungsten ore grading on end product profitability, but would have thought the current pricing would outweigh any downside by quite a large margin.

What I personally take out of this though, is that buyout offers should be looked at more favourably than just through comparison of net asset value. At the end of the day it's all ramblings while we wait for the project to progress

Has anyone here been following eq resources over in Australia? It's interesting for me to watch their share price decline despite being one of the very few producers. Obviously no two cases are the same and they have their own set of operational issues, but even at production your share price isn't guaranteed to reflect your mine content X spot ore pricing.

A bird in the hand is worth two in the bush I would never feel upset about a takeover that builds 100%+ on my original investment.

Not often you see a LTH hoping the share price was 30% lower than it is now! Very unusual reasoning. I would encourage you to sell to reach your target price, I'm more than happy to buy above it.

Happy with the RNS, good progress and see this rapidly accelerating once the planning permission is granted.

With this much cash in the bank, I only wonder why did the board decide to raise at 3.5p imminently prior to the MRE being published? It looks to me like the cash wasn't needed at the time, and the study numbers had to already be suggesting 3.5p is too cheap a price to raise the capital.

My thinking is that any large investor would want a favourable price compared to the SP. The the SP very heavily discounting the resource, and the company not requiring further funds, we are stuck pottering along until new interest is generated.

The Cornwall government funds sound like a perfect fit for our project too, which makes further external investments less necessary.

Price will go up once people are looking to buy. I'm happily filling my boots but for better or worse don't have the funds to move the share price on my own!

Will get another 120k shares today if my next buy goes through at 4.8p. Great news to see a rise in the artificial Chinese tungsten prices, way above our Zeus estimate level. 12 month average tungsten pricing will be very different come December :)

The same traders who helped cause yesterday's rise are now selling to cause the fall. Shame for the shareholders who need to cash out but it provides a great entry point for the time being.

While the 14.8 valuation from Zeus might be true, the appetite for buying shares at this price isn't quite here yet. I think it's only a matter of time till we reach it.

The near term catalysts as I see it are the granting of planning permission, further drill results, potential new institutional buyers, and a strong chance of new government funding with the Cornwall fund.

Always a shame to miss out on these 30% swings, I'd be a very rich man if I could time them correctly. I would hate to miss out on an unexpected bit of news dropping if I mistimed things though.

Once the new drill rigs are working im hoping the company comes out with a predicted PFS date. I'd see this as a ticking timer to 15p valuation unless some negative news comes to light before then.

Massive market overreaction, shareholders selling because others sold. 130M market cap at the moment is comical.

I would be able to buy a fair few extra shares come middle of June. Would be ecstatic to have a chance to buy them at this price but highly doubtful the opportunity will stay put.

Regarding the minimum tungsten pricing from the US - I am sure I saw a message that this was a reporter's comment and the company who was supposed to have made this claim denied this.

Re Chinese Tungsten - I don't know nearly enough about the technicalities of grades, or what what mines the Chinese have in future plans, but I'm surprised that the Chinese market prices were rising in line with the Western world in the first place. To me this says that they had quite high demand, likely to build up stockpiles. If they produce 80% of the world's tungsten and suddenly they can't export it's only logical that their own prices will plummet. Should they open their exports, their price will again go up to meet the increased demand.

In either case, the valuations used by SML and Zeus were low for this exact reason - we have no idea what the political scene will be by the time we are producing any metal. Being above 1000 will be a great bonus. What matters to me is that we're sitting at below half of the fair price estimate from Zeus' 950 per tonne calculation while we're getting closer to the PFS day by day.

I'm against putting numbers out on a forum like this - no one has the ability to predict when the traders will decide to cash their profits. Wouldn't be too surprised if someone had an algorhithm watching these forums. Think there was one poster called viking rider or something else who magically appears out of the woodwork to slate the shares which has been the most reliable signal of finding the bottom to date.

I don't see myself selling anything below 10p for the time being anyway.

Averaged up a little again at 5.8. Feel its a great opportunity to buy when you get an objectively good RNS without the market reacting appropriately.

Feel like a broken record at this point, but would see the share price substantially higher once the planning permission is granted for two additional rigs within the next 2 months.

Don't get me wrong, I want the shares to go up as much as the next guy, but the incessant ramping makes this forum unreadable. People screaming 8p obviously smacking their lips thinking how they'll sell at 7 and have one over everyone else.

Big meeting in China this week, I'm imagining if anything resembling a critical minerals deal is reached between us and China, Trump will be shouting about it from the rooftops. I think more likely we will hear about "frank" and "honest" discussions about respecting both sides which will signal for me that we may hit the PFS at a tungsten price of 3k+. Fingers crossed.

Price drop seems to be more about what wasn't said rather than the update. While I would have hoped for more of an update regarding the additional drilling rigs or estimates for future updates, no negative information to warrant selling. I do feel for newer buyers who bought at 6p+, very hard seeing your portfolio in the red when you've invested in a speculative asset.

Very hard to catch the bottom, no doubt in my mind we'll see much higher highs before the year end. We're one month closer to the PFS being completed with no value being reflected in the share price. Excellent opportunity to make money if you ask me.

Happily added a moderate top up at 5.2. Steal at this price. Strong potential for additional funding looking at the Conrwall fund.

5 day drop of 10% in SML and 20% at TUN, sentiment will turn back positive soon enough.

Just need to be patient for the coming updates now.

Is anyone on this forum buying at these prices? If you're frustrated the share price is down despite there being no news, but don't see it as a opportunity to top up then it'd hardly surprising new investors aren't looking to get in.

As a holder of several years I share the frustrations but the underlying business is improving. The dual CEO setup with ingenuity leeching value from us is criminal but the sum of parts thesis kept me invested. Despite my complete dislike of MM and belief that a simple announcement of him stepping away would double the share price, it's not worth wasting your time cursing him every time the share drops in price without a clear reason.

There was a post a few days ago regarding a planning permission consultation from the council. Does anyone have any more information what this was about?