Member Info for Montmuzard

Next decent buy puts this over 2p. All the sells (not that there are many) are all reported late. Real buying price is full ask of 1.99 and there's very little left before we're well into 2s.

Bid now at 1.85. Could see some real action this afternoon after the lunchtime lull.

As far as I can see, there have only been two actual sells (400Kish) in the past couple of hours and everything else is a buy, including some massive late-reported ones.

Bid rising — MMs weren’t shaking any out with that spread.

When they do finally flip the book, it will happen really suddenly and the rerate here will be rapid.

From 23 March RNS:

“With momentum building at Sunbeam, alongside a number of near-term developments across the portfolio, we believe the Company is well positioned to capitalise on recent success and advance into what we see as a highly value-defining phase."

At some point, we’re going to absolutely rocket.

2.4 paid

It’s a bonanza!

I wouldn’t discount a big spike tomorrow personally. But I suspect that now the warrant overhang is cleared or nearly cleared we’ll run up towards 4p in light of the other assays, and set a new base around there, before anticipation builds into the asset sale which surely can’t be far off. If they can get a multi-million transaction over the line it will put massive amounts of cash on the balance sheet and eliminate dilution worries in one stroke, while funding all the near-term drilling. The rerate could then be pretty spectacular.

Looking at the price action in recent months, FCM always seems to make big moves the day or two after, so I'm hopeful that we get a nice little boost tomorrow. If the company drops asset sale news any time soon, then it could be some move.

I'm not sure the Directors would have been throwing in so much of their own cash if they were worried about poor results. There's literally no need for them to do so at this stage unless they were very, very confident in the seismics and so on.

Am I right in thinking these guys have just bought half a company with 32m in tax credits with £300K of their own money? Must be confident of an RTO!

🔥 SUNBEAM UPDATE | ROY DRILLING 🔥

Today’s results are about more than just a bonanza-grade intercept…

✔️ Gold-bearing structure confirmed over 300m of strike

✔️ Only ~1% of the target tested so far

✔️ Visible gold + multiple supporting datasets (VLF, geochem)

✔️ Clear evidence of scale and continuity

📍 Roy is one of 3–4 major lineaments on the property — each extending >10km — highlighting genuine district-scale potential.

➡️ This is early-stage validation of a much larger system, with significant upside.

🎥 Marc walks through the results and what comes next 👇

https://x.com/firstclassmetal/status/2047262205284946273?s=52

There's a video from Marc which will be on the socials later describing these results as "a company maker". We could be in at the ground floor of the next GGP here IMO.

The financial challenges mentioned in the report have been largely dealt with by the multiple-times oversubscribed WRAP offer which bound a lot of PIs into the company, and will be further enhanced, surely, once the asset sale completes (which could drop at any time).

There's been a block seller all morning selling 100K and 200K chunks, but the book may well have just flipped on a near-300K buy at 2.16. If the seller is out, it's game on.

Maybe the company don't want the SP running ahead of revenues anyway: the raise today could have been a deliberate dampener to stop the warrants being exercised while bringing in some cash. Let them expire, move forward properly beyond July.

Personally I think it's good news. The raise is not enormous in terms of dilution, gives the company even more cash in the bank, and the term sheet progress towards acceleration capital is massive news IMO.

Don’t feed the trolls. This is all good consolidation now for a company that has a number of revenue-generating assets coming on stream, plenty more in the pipeline and a strategy for getting them to market. The market clearly thinks so and is starting to price those assets in properly. My near-term target is 8-10p. News could drop imminently on any number of elements of that strategy and we’ll be properly off to the races.

Nice consolidation at 4p. Very good base for next move IMO.