Member Info for mattlilly

Thanks but I don't give short term recommendations...

They're always a strong buy for the medium/long term for me...until I sell...

It doesn't mean `i want to add any or buy any back...£200k is plenty in any stock and I've been spreading our risk...just wish I'd stuck to my strategy and sold half at 43p instead of 1/4...

Do you mean EUA? They're unchanged on the day...

And when you say I'm wise after the event, it was exactly because I don't expect news yet that I sold...

and I think silver stocks are massively undervalued...added FRES today on the massive drop, to my HOC...

I don't want to sell what I reinvested in yet, otherwise I would have put something back in today...

Average price under 19p so not worried...

TBH I'm watching every day because I don't expect significant news before 15/16 Feb so sadly the SP may continue to drift...

Higher dollar and lower copper prices are a factor together with negative sentiment for miners in general today...

Because we still have 675,000 after selling 318,000 last week...

A whole raft of shares are being shorted at the moment...look at FRES today...a solid production report but at one time was down 15%...why? Because it is highly liquid and easily borrowable...

So be grateful we are only;y down 4%...lots down more than that...

Rest assured...like my other investments...the ore is in the ground and in thew long term prices will rise...

But I can't see the bottom here yet and was lucky to sell when I did...

Wriggle wriggle...

It seems like a lot of FTSE shares are being shorted at the moment...look at the Pearson bounce back for example...

It looks like its 'shooting season'...or 'shorting season'...?

I can't help feeling this is being prepped for a bid by an outside party...

According to this website, the holders over 3% are:

Western Areas Limited 178,611,112 £17,861,111.47 18.4%
M&G Plc 132,136,364 £13,213,636.60 13.6%
Sand Grove Capital Management LLP 94,748,052 £9,474,805.34 9.8%
HSBC Holdings PLC 87,743,804 £8,774,380.53 9.0%
Affinity Capital Limited 85,187,497 £8,518,749.83 8.8%

Then you have the 'new' investor that Rod sold 20m shares to 2.1%

That lot adds up to 61.7%

Then you have shorters banging the price down both yesterday and today (could even be Sandgrove if they're involved in teeing up a bid, as they are a Hedge Fund and in they last Major Holdings RNS they held another 7.1% in 'other financial instruments", so that takes us to 68.8%.

They took part in the Feb 2018 placing at 22p and both they and HSBC bought further chunks at 23/24 in March 2018...

Hedge funds aren't charities and surely these holders could be tempted with a bid around the 30p mark...

As others have pointed out, good news seems to be followed by the price being marked down...

Yesterday was the highest volume traded since Rod sold his shares and the 5th highest since July last year in an otherwise quiet market for junior miners...

This is an outstanding set of mining prospects in a territory which has opened up massively since climate change and solidly supported by both the Greenland and Denmark Sovereign Funds...what is there not to like for a would be buyer...

And the off takes have been bought by the Chinese....

All thoughts and suggestions welcome...and no I'm not ramping...just looking for a reason for yesterdays smash down and today's lack of follow through...

Keep the faith addickt...

Quady...

"I have never said they will go to production..."

Really...

How many posts do you want me to quote...here's one from 8 December stating 'the fact' that we're going to production...

"NM has made no secret of we are going to production, yet people invested knowing this, and then are critical of NM's approach, and the fact we are going to production."

Losing your conviction, or losing your memory...??

Interesting policy announcement by BlackRock should favour SOLG....

https://www.theguardian.com/business/2021/jan/26/asset-manager-blackrock-threatens-to-sell-shares-in-worst-climate-polluters

So now we know...

Uncrossing trade at 10.45p...augurs well for tomorrow...

Certainly looks like it after hours...

Yep...already achieved that...5th highest volume since 3 July...9.5 million already...next target 11.5m...higher buys coming in...

We're headed for the highest volume in over a month and the 5th highest in over SIX months...

Look at that stream of Autobot buys at 10.00...never ending...

Makes sense...if you bought now at 10.10 and hey recovered to what 'the entity' paid you'd make 44% in no time...

FWIW they'll take 400,000 off me at 9.98 right now...lets see how this develops this week...