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Really disappointing to see a drastic rise right before the results before any notice. Definitely nothing unusual going on there, sure who could be blamed not expecting a buying spree after almost every consecutive red day since the last results.

Picked up a chunk at 4.9 after not managing to get any at 4.8 yesterday. We can try predict where the share price will and will not go all day. The most important question is whether the price we have right now is below fair value, and the fair value is up for everyone to determine for themselves.

The rapid rise in the share has attracted a lot of new investors recently, who are clearly just looking for a momentum play. Quite easy to post on a board following a 10% drop and claim you managed to sell at the absolute all time top, and claim you have predicted this with absolute clarity. Whether these are as successful as they claim to be is up for debate, but we certainly don't hear these posts on days when the stock pumped 15%. Do these same traders decide to buy 15% fewer shares when the same happens the day after? We also don't have the perspective required to judge any of these people. A trader claiming clairvoyance could be 300 pounds up and posting about their master plan to an investor who is sitting on 50k profit.

Whatever happens tomorrow, I'm sure there will be a good few recent traders wishing they sold in the 6+ range, and will likely try do so again when we get there post MRE. Best strategy is to ignore the noise, and reassess the long term value when news comes out. The most recent updates we received have all made very strong arguments for future value; silver recoverability, new tin deposit, increased tugnsten yield. Management knows how good the asset is, and notice how they started highlighting accelerating the PFS. I think the webinar post the MRE will be there to show the market we are progressing as a business far quicker than expected, which is the genuine play to increase value long term.

Trying to snap some up at 4.8 but it's not going through. Would be an absolute gift to buy at a price which Zeus were already willing to put a document out as being outdated.

I think realistically new buyers who haven't researched the company will wait till the MRE until deciding to invest given how fast the rise has been from sub 1p.

That leaves previous investors selling to secure gains Vs new ones loading up. I've already loaded up what I was happy to put in when the directors issued shares valued at 3.5p which I felt set the new floor for the share price. I'm sure a lot of others are in a similar position to me.

I expect the TR1 on Wednesday to raise a lot of hype about speculation for synergies, followed by the MRE sky rocketing our valuation. Looking at the moves from the board, I feel very confident they know what they're doing, and they have a lot of interest in seeing the share price go up. The latest director shares issued at 3.5p required 6 months and a year to start materializing. Not exactly a move from someone looking to pump and dump pre MRE imo.

Btw did anyone else get the feeling Dennis Rowland browses the forum here? I remember reading a few comments about SML needing more exposure and publicity over a certain weekend, followed by Dennis posting #SML over a couple of tungsten posts on x

Considering the rapid SP rise leading up to these results, I think it's completely expected the SP would drop and stabilize immediately before the MRE. Many including myself are sitting on 100% plus gains which weren't here 2 months ago.

The arguments for a much stronger SP are never-ending; I think any drop is a great opportunity to top up. Tungsten recoverability and increase in Tungsten price alone would change the Zeus valuation to 13p+.