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Was a shame to not see an RNS this week, feels like a dry spell following all the news in March.

Lots of positives being hinted at on previous updates, selling at these levels when believing in long term value is very risky, wonder if the average trader will end up better off than LTH!

Far too much bickering over small price movements here. You can bet your holding that when a trader gives you a buy target they'll look to go in above it, same goes with selling with the ramp targets.

Enjoy your weekend, these price movements really don't matter until there is genuine news behind them.

The curse of ingenuity hangs around I think. I still see it as a conflict of interest. THG's issue is low margin and Ingenuity likely depends on high volumes to take money. Leaves us at Matt's whim with regards to how much to charge.

Should the ingenuity ball and chain drop, you now have a growth company imminently starting to make money. Sad state of affairs. Background politics don't help, the appetite for growth stocks isn't what it was back when THG IPO'd.

On the whole I think patience will be rewarded with strong returns. Announcement of VAT return will be much bigger than the trading update for the share price. Hoping the debt will be eliminated once the previously suggested business sale is completed and we can finally see some light at the end of the horizon.

Nobody can predict exactly when the next pullback will happen, whether it's tomorrow or after 9p or after 14.8p, it's all anyone's guess. The quicker the share price goes up, the more jittery traders get, leading to larger swings.

I personally think that despite the massive daily jumps we are realistically priced where we should have been if the MRE was received as it should have been without the trader selloff immediately following the news. My holding increased during the dip, so if the derampers helped cause that, in a funny way I should be grateful for them helping make it happen.

I am very optimistic about future value. I think a scenario where we reach PFS towards the end of the year with tungsten prices being above 2000 is very realistic. Once we reach this, we are ripe for takeover bids and I would see a £600m offer as a bare minimum to be considered. I don't know how successful traders are at predicting the tops and bottoms, but entering in November and steadily averaging up has worked out just fine for me so far.

Don't let others tell you when to buy and sell, nobody invests here with anything but their own money in mind. I also wouldn't put much trust in a lot of the posters claiming to move millions of shares in and out of their account on a weekly basis - there is nobody here to fact check anyone.

Set your target based on the information available. If you rocket past it then consider if you were wrong or it's time to sell. Changing your target based on other posters hype or deramping is a great way to lose money.

Realistically nobody can sit and not watch the share price movement when you're moving a month's salary up and down on the day but there's little point in getting excited or stressed without any new RNS.

The Zeus document confirmed what all the LTHs were suspecting but the very pleasant part for me was how favourable the numbers look at a tungsten price of 800. I feel this is below a price floor even if China drop their tungsten restrictions on the next meeting with USA. The hiring period advertised by SML for new exploration geologists is over, so it's reasonable to expect an update on new drill rigs over the next 4 weeks.

I'm still of the hope that new exploration targets will reveal reveal resources, which would leave even our 14.9p target in the dust.

With the tungsten restrictions lift already being accounted for by Zeus, the risk of any significantly negative news seems really low. Until the next piece of news drops I think our share price is at the whim of the pre MRE traders who may have missed the previous 6p selling point.

Tungtsenman and tungsteninvestor are very different. I recommend putting the latter in the filter, nothing of value to be gained from their posts.

Fantastic day to hold this share, whether we finish 15 or 5% above yesterday. No sinister conspiracy to keep the share price down as suggested by some posters.

Looking forward to more news dropping in the coming months. I ended up buying some more to bring the average up a fair bit higher but have a lot of confidence in the price trajectory and can't think of another share I'd rather have my money sitting in.

Madness how good a price we can buy in considering the potential.

New note just dropped, 14.9p fair value estimate :)

A bit silly suggesting the current redmoor project is not worth anything because the route to value extraction is not completely clear. If you had confirmation we will get to the extraction then we should be trading at the value of the minerals minus extraction costs (2 billion plus based on current mineral prices). If you had confirmation the mine won't be built then the project is essentially worthless. Nobody knows for certain which will happen.

I am in agreement with tungstenmans valuation of around 13p based on the current trajectory and very positive MRE and subsequent presentation but it's up for each individual investor to figure out their own risk tolerance and what value they wish to place on the asset. The real money is to be made in patience and buying when we get good news like the recent MRE and the share price not accounting for the now reduced overall risk of the project.

Very interesting silence from Zeus, who wrote about an imminent price update on the day of the MRE. One or two days could be excused, but at this stage hard to see the reason behind their silence other than them feeling they have a role in influencing the market.

I'm sure the management understand how valuable time is considering the current tungsten prices. I echo the sentiment of many others that in an ideal world we get bought out but I don't see that happening until the PFS is completed and at least some of the relevant planning permission is in place. My hope for the next few months is that we receive news suggesting an accelerated progress.

My biggest hope is that China is importing tungsten out of a perceived need for nuclear fusion, military etc. rather than market control. Breaking into production at anything resembling today's prices would lead to life changing jumps in share price, but a reversal of Chinese tungsten policy or falling behind other tungsten mines in the world could be sour.

Would love to see some more big money enter the equation here, both for acceleration of progress and changing the current sentiment. If only there was a way what's happening behind closed doors!

We have edged close to the price paid by an international investor ready to put millions into this share. This is after we received an MRE which confirmed the asset we are betting on has a ridiculous amount of value waiting to be extracted.

Further exploration underway. The decision to do this was made by a sensible board, who themselves have more shares in this company than anyone here on this forum.

The future value of the mine is discounted by the risk of things going wrong in the interim. There have been no news to suggest the risk has increased, the exact opposite has been the case with each update. The price swings we are seeing right now are a reflection of trading momentum and overall market sentiment. It would be nice to see the share value sit higher, as it would lead to less dilution if further fund raising through shares was required.

The people talking down your shares are either doing it out of greed, looking for a lower entry point, or out of envy, perhaps from losing money on this or some other similar investments.

For those who own shares, go into the weekend, I hope you share my confidence that the company is in a stronger position than a week ago.

Would be great to see less engagement with the trolls, it's turning very childish. Nothing constructive here, no reasons given for numbers sucked out of thin air. Psychiatrists get paid for dealing with this sort and some here are giving up their time for free. If they've not listened to your arguments and they haven't given any real reasoning themselves then what are we achieving here.

Tungsten price continues to to up in the meantime, China wouldn't be importing just for the sake of bringing the price up. Gives me confidence we haven't seen the peak of tungsten prices yet.

The webinar from the company stated additional exploration drilling. It hasn't been explicitly stated but I imagine that the money raised will be used to fund this.

The decision to invest wouldn't have been made overnight either, when the private investor started looking I wouldn't be surprised if the price was hovering around 3.0 so I wouldn't take the placing price itself as a negative.

Best to sit back and watch this play out. I would imagine most trigger-happy investors will have made their decisions by the end of today. Agree with the sentiment that hoping this will bounce back to 6 over a matter of days will end in a lot of disappointment.

@Bb, you've had some serious cash to throw at this the past 3 days, I'm jealous!

We are almost back to the price where the meteoric rise started happening after the private investor announcement, only with the added bonus of a confirmation of a very valuable MRE. Will be interesting to see what turns the tide here. I'd be hopeful even a slight increase in Zeus valuation (6 to 7p) would calm the nerves a little.

I understand that nobody wants to see their investment in the red, which I think is causing hysteria for everyone whose average is above 5p.

It's creating an even bigger than usual contrast between LTHs and recent traders.

I personally wouldn't have sold if we were the 20% up today, and certainly won't sell when we're in the red.

Lots more positive news in the pipeline, Zeus and SP angel forecasts will have to at least double their previous assessment. Suggestions already made on the webinar re further drilling discoveries on our land.

As other posters on here and TUN suggested, options to use existing local infrastructure are being considered as part of the PFS.

The management have got it right at every step so far, and they're in charge of this ship. If there's anything I've learned from past investments, its that having trust in the leadership is worth it's weight in tungsten :)

We are still looking at a speculative asset, with no hints of the mine being bought out by a private investor, and the cash flow being on a somewhat distant horizon. The way I see it, increase in the speculative price of the asset is wrestling with the recent momentum traders who jumped in seeing daily gains of 10% +. These traders are now happy with the money made and making their exit. If a party came along and said we're now looking to buying out the company then the share would jump. Without that we are all making bets on future value with every bit of news getting us closer to realising what that value may actually be.

Just finished listening to the webinar. Loved the last answer provided, where they mentioned being very exciting about some news imminently coming up regarding metal content in the area of current exploration, as well as areas outside.

Imagine following the MRE up with further news of unaccounted metal content.

Hard not to get excited about the future prospects. Looking forward to seeing the share price reaction once the weekly chart no longer shows a 50% increase and the dust begins to settle.

If Matt learned his lesson about overpromising from the past, the disposal this year should be all but confirmed. The company has been priced to completely fail over the past 3 months, meanwhile we're receiving a message of ?profit (foreign concept at THG) and we're looking to be debt free. Very strong arguments for the share price going up from here.

Silly comments from people who are likely just here for a bit of a laugh at the expense of unsure investors.

The company gave you an update saying the base case value of the mine is 10x the current share price.

Going red today would be a gift, you can buy cheaper after the risk of an update is already gone. Zeus and SP angel updates will help settle a lot of minds soon enough.

Continued behaviour from the management to under promise and over deliver. They know exactly what they're doing, and this is the reason there hasnt been a hint of negative momentum recently. Standout performance.

Interesting the TR1 hasn't been released today.

Good luck to all holders tomorrow. Will be tuning in to the webinar tomorrow to get more insight into the management team behind all these updates.