Member Info for meldrew44

The reality is that if the railway project was cancelled, not one penny of any money saved would come to SML.

Thanks for that. It's interesting and indicates that SML's prospects appear good, as expected.

As you said, it appears to be AI generated. I'm not a fan of AI

Addicknt. Thanks for the explanation.

I wouldn't support the sale of even 20% of CRL, because SML seems to be more or less in the orphan period and, uniquely, has the funding it needs to progress the project at the moment. I believe that the speed of the project is currently defined more by technical issues than finance.

Even if SML requires more funds to develop the mine, when they are ready to, there are cheaper ways of raising finance than selling off a huge chunk of CRL. Once the chunk has been sold, it has gone forever. It would be better if the cash were to be borrowed. A loan could be paid back more cheaply than it would cost to buy back 20% of CRL at future values.

I didn't intend to give the impression that I was having a go at everyone. I'm sorry if I did.

The company that owns the mine and doing the mining is Cornwall Resources Limited, a subsiduary of SML. I can't see the benefit in de merging it from SML. How would that improve SML's shareholders' situation?

It's a good job the the BoD don't listen to the crazy ideas some people on this Board have.

Tungstenman must be absolutely desperate for cash.

Yes. I bought 1600 shares to test the system. To see if small dealings might push the price up. I got my answer. It was no.

My holding is in 7 figures

Well, that bagger didn't last long. I'm back down to 94% profit on this one. But I'm not complaining..

Wow! I've bagged I'm over 100% up with this one.

Hi, Max19. How are you?

I still have painful memories of AVO. It almost wiped me out at the time.

But, I'm still in the game. I enjoy it too much to stop.

Cevodniya. I've sometimes observed miniscule trades seeming to impact a share price more than moderate sized trades. I was curious to see if the same thing might happen if I tried it here. It didn't. However, for the sake of a bit of loose change, I 've got a few more shares, even if my experiment didn't work.

Bluegrass. I know what you mean. I speak as someone who's made just about all the mistakes going, but now I'm sitting on a 75% plus profit with this one and over 42% profit with my whole portfolio. I believe that SML still has a long way to go so I wouldn't even think of selling.

How many people know that on most sites, like this one, trades are categorised as buys or sells purely on whether or not they are above or below the mid price, regardless of whether they are buys or sells. I apologise to seasoned traders for pointing out the obvious.

Yesterday was exceptional, so it shouldn't be surprising that today is quiet. Next week should see some more upward moves.

My buy of 1619 shares at 8:49am has been posted as a sell. I wonder how many other buys have also been posted as sells?

Unfortunately, not everyone is permitted to read the brokers note.

it doesn't matter to me. I know what I need to know without reading the note

There seem to be some short term holders who have set their eyes on 6p as their target to sell. We'll have to wait for them to move on before we see the sp move up above 6p

Thanks Brentw1. It's a good programme.

Don't help anyone

I just traded at just under 43p. Trying to nudge it up a bit.

I think that the tree shake is over. Onwards and upwards from here.