Member Info for Malbright06

My earlier posting which suggested that there could well be a pull back this week was based on a number of things, most important of which was the significant failure to hold the 34p level on the day the intra-day price reached this. And one has to bear in mind that the placing was at 24p so there was an inbuilt price at which investors will have considered. So far my instincts are proving correct with today's pull back. With the feasibility study results now expected to conclude in first quarter 2022 that leaves a huge gap to fill with news about the rutile deposits etc. So I am expecting the price to drift back soon to or below the 28p buy level. I'm holding back my £50K at least for a few weeks to see how this goes. So far my confidence in this stock has been well rewarded and I continue to see massive upside.

What is a farm out ?? Im glad to say that my persistence with this stock has resulted in a significant profit already but I intend to try to get another £ 50K in next week. I think there will be a slight pull back Monday or Tuesday (note the Listing price 24P) so I will try to get in again below 30p. Im holding this for at least 2 years so can afford to wait on my already £ 49K holding.

Just bought another £10K at 21.69p taking my holding up to over £50K which is currently in massive loss having added during the 29p, 28p, 26p etc eras. Cant understand this constant selling bringing the price down to almost a 6 month low. I just hope and pray my confidence in this stock is not misplaced and I can see through the no news horizon to the sunny days when they announce the actual start of concentrate mining at Songwe.

I just don't get what's happening with this share. Total absence of news re potential starting date for the concentrator plant in Malawi, no news about whether funding may be required for the Poland metal processing plant. On the day I first bought at 26.5p (following a mention in a Sunday Times article about rare earth metals) there was no news yet the share price shot up to 34.5p on that same day. Ever since its been like a slow death by a thousand cuts, day after day of 0.25p to 1.75p falls, and every day the "sells" by far surpassing any "buys" (if you believe the LSE trades). I'm still a strong believer in this share, to the tune of over £ 41000 stake built up, but this continuous drip drip without any news is sooooooo frustrating. I can just hope that the third quarter brings something positive.

Having had time to digest what happened Friday, I must now reflect that the stop loss triggered at 738p (having paid 730p) is a positive thing as I can now buy back in at a much lower price around 650p. Im forgetting the days loss of around £14K in my ISA holdings because I didn't have any stop loss on these but am massively in profit anyway, and I still have all my shareholding to watch it rise back up.

That is now the 64K question - Whether to buy back in early Monday or wait another day to see how the US will react. Sure it pulled back from lows of just over US$ 16 to finish at US$ 17.90 but looks still volatile. BUT I'm still confident that the next T/U or 2nd quarter results will be excellent but is that already built into the price at current mid 600's level.

With the Nasdaq listing already showing a substantial fall to around US$ 17.60 and a falling market in America I am expecting further falls in UK price come Monday. So in some ways my stop loss has turned out great despite my ISA getting a tanking. I still hope for a better price with the next trading update.

Finally managed to get 4 x separate lots of 30,000 shares each, all under the 29.2 price but still Hargreaves can’t get a trade through for a further 30000 shares. Seems I have to call to get a quote nowadays. And I see my 30,000 lots show as a sell !
Funny thing I also had a stop loss triggered this morning with another of my long term holdings Tremor Intn,l. The price had been hovering around 780 to 810p for weeks and I had a stop loss of 740, to be sure that I wasn’t losing. The price has subsequently dropped to around 640p so this one worked out unlike the MKA one.
Good luck to all.

The ADS pricing at US$ 19.00 per ADS represents US$ 9.50 per share. At today's exchange rate this equates to about £ 6.80 per share. But the AIM price is still around £ 7.22 as I write so does this indicate further to fall today ? I was slightly miffed this morning when a stop loss I had set was triggered at £ 7.38 early on then I saw the price recover to around £ 7.80 since when its drifted down.Ive still got a bagful of Tremor in my ISA but the stop loss sold me out of everything in my fund account albeit with a small profit. But I'm now wondering with this new ADS price falling so short of my expectation, whether to just hold fire on getting back in.

Lucky you muchbox54. Having loaded up to around £39000 in this stock, I had a stop loss triggered yesterday at 28.0p so the whole lot was sold. Then when I tried to buy back in at a buy price of 29.0p all my attempts via Hargreaves and Lansdown were unsuccessful as the website claimed it couldn't get a live price. Various attempts at different quantities with limit buy price of 29.0 p also failed so I am well and truly ***ked. Who would have thought that this would drop to a 28p sell price just a week ago ?? Taught me a lesson on stop loss prices. I will bet the house that this goes up today by a similar amount it fell yesterday. Bugger !!!

Oh I see now that the “public offering” will be by means of a prospectus and that the offer price not yet fixed. I guess today’s price hike is a reflection of expectation for a strike price higher than the AIM market price and a good reception to that price. I see they also have an option to list a further 1 million + ADS’S if the initial offering gets taken up entirely. Happy days yet again ( but not for STTI)

Forgive my ignorance but is there an actual price for the ADS offering and if so where/when will I find it ??

Yes I’ve read a couple of articles questioning the cash burn rate and from where future funding will come. There is the Talaxis option to increase their shareholding to fund the concentrator plant operation and originally there was to be a refining plant on the Songwe site adjacent to the concentrator. I imagined this would have been included within the proposed Talaxis funding option. But as you say, strange that no mention made of possible fund raising for the Polish plant. Nevertheless and despite difficulties getting my trade through, I managed to get another £10K today in two trades of 10000 shares plus a third trade of 8500 shares, all just under the 31p mark. So I’m betting the house on this one.

I see the dual listing price in Canada is up 18% today to C$ 0.59 which equates to about 34.5p. Possible arbitrage trade ? Or will we see a further rise tomorrow to similar level?

Being a relative newcomer to this stock, I am now fully committed and see nothing but blue skies ahead. Bought another £10K this morning to add to my £20K from two previous purchases. As another contributor said this stock is still massively underpriced relative to its future importance in the electric vehicle field (for batteries). Still can’t figure what caused the spike a few weeks back from the 26 p level to 34.5p then it gradually sold off back below 30p. On the spike day there was no new RNS .

Only my second posting ref this stock. Bought another £10K this morning at 28.4p and prepared to wait it out. As any major developments won’t come until 4th quarter I don’t expect any further significant price movements. As the cash is depleting year on year due to exploration costs, I just wonder where the new cash injection will come from. Current cash only ok for one quarter. Is it Talaxis funding going forward ? Anybody care to advise here ?

Well in all my years investing I don’t think I’ve ever had a first trading day like today. My first investment in this stock this morning and a 37% rise in same day. Anybody would think I’m an insider trader????Not sure what tomorrow will bring as there was no official RNS about trading updates. But my hope of getting another £20K below 30p just been blown out of the water. Happy days all.

I am new to this board. Having read the Sunday Times article which mentioned this stock, I dutifully carried out my research, and absorbed all the latest news articles. I was so convinced by the upside of this share, I decided to bite the bullet at around 8.30 this morning and bought £9K of shares at 26.2 p. Now it’s 30p and I’m sure has a lot further to go. I hope to share with you guys any relevant news flow . I will probably stake another £20K if it drops below 30p again. I am not trying to ramp this stock, just a very interested investor. And it’s nice to see that the discussion board doesn’t have an eternal Jonah decrying every aspect of the company such as I’ve endured for the past 6 years on the Tremor board (where incidentally I’ve made a packet this past year despite his promulgation).

Trade desk pre market down by11% seemingly not due to results which were excellent but due to the 10 for 1 stock split proposed. Quick look at results seems to bode well for Tremor in the CTV area so remaining quietly confident that our own results should be better than TTD percentage wise.

Yes Roku up over 13% today with Tradedesk up over 8%. Managed to get some more Trmr today at a tad over 730p and will buy more when funds arrive. Am ever more confident we will quickly break through the £9 barrier and then wait and see .

Just managed to get another £20K at 760p so will now sit back on my ISA this year and have to add funds to a normal share account so as to realise the gains I expect. My ISA @and SIPP now packed with Tremor gains and really expecting big things once the US listing comes into effect.