Member Info for Mozax

As I suspected and mentioned yesterday, MM’s dropping heftily on low volume.

Just to keep everyone focussed.

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented:

"I am very pleased that the Company's exploration programme for Nickel-Copper-Platinum Group minerals over the three licences which we now hold in Northern Ireland is underway. Combined with the ongoing work in Finland, that is focussed on the discovery of a major diamond deposit, this new opportunity adds to the overall potential of the Company."

Blue day across the markets today.

Don’t think there are many traders here, big spread puts them off.

Handful of sells after many sessions of rises.

I’m up £25K and wouldn’t dream of selling at these levels.

Kevin Taylor also posts here now and again, so we have a few big holders with good input here.

Could well be.

If Northern Ireland asset turns out to have Nors’kl equivalents then £300M MCap seems rather reasonable.

I wonder how big Kuhmo may transpire to be. The professor said a major could be interested.

What will that add to the MCAP?

Then there’s Lahtojoki, quietly bubbling away.

£3.00 a share might be a tad light.

Lots of info there Hoops.

I think we can expect some volatility here, as we know, super low freefloat here, which means fast upward SP movement on small buying pressure, but the MM’s will also use this to drop quickly on low volume days. Widening the Spread to make it look worse.

As the Value picture continues to unfold here the stock will be in heavy demand, so it’s important for newcomers to understand that the key is just to ignore daily movements and look towards the bigger picture, the MM’s will be after stock, and will be using standard tactics to that end.

Siemens has revealed issues within its wind turbine unit will cost billions of dollars and likely last for years.

A host of issues from the quality of Siemens Gamesa’s wind turbines to potentially loss-making contracts is set to cost €2.2 billion (US$2.4 billion), the company said on Monday.

This will lift 2023’s net losses to around €4.5 billion, Siemens added, despite Monday’s third-quarter update boasting a record order backlog of €106 billion.

“The quality problems really result from the past, but I think we have too fast rolled out platforms into the market,” chief executive Christian Bruch explained.

“That is not a cost issue per se, that is really a quality issue in terms of going too fast with new products into the market.”

Siemens supplies and provides services for companies around the world, including in the UK.

However, issues within the company’s renewable wing, unveiled in June, have prompted questions over its future, with an update expected during November’s capital markets day.

Not really what I wanted to see at this point.

Steady rises and gentle consolidation, that’s what we like.

Volume increased again, so we’re starting to attract some attention.

No idea whether we’ll have news regarding the samples from Northern Ireland first, or an update from Finland, also having targets sampled!!

Whatever is coming, we won’t be waiting long.

And why would you be concerned about it plummeting with potential Billion pound reserves, any dip will be hoovered up.

I’ve got level 2 and it’s printed there, it will show here in 15 mins

Yes, it’s printed now, sell at 4.80.

Usual MM tricks.

How many shares?

They’ll delay showing the trade, trying to keep a lid on it!!

In the Professors recent interview it was suggested about 2 weeks.

However, the regulars know we should already be over 30p…….

So, if the results come back from Canada and it is found that we do have we have the potential for a Copper-Nickel-Platinum deposit similar to Russia’s Noril’sk deposit then the Big Mining Companies will be very interested.

Not quite sure on Valuations but our MCap will be unrecognisable from todays value.

Oh yes, there’s also a lot going on in Finland!!!

Crikey.

Following the article in the Fermanagh Herald I ‘Google Earthed’ the County.

Our licence covers over 50% of the County.

A lot of the land looks very scrubby and unattractive, which should be encouraging if planning is applied for to develop a mine.

Not jumping the gun, and Let’s see what the Canadians think of our samples.

Early action on the stock suggests word is very slowly starting to filter out…..wait until this news gets in the major press.

Let’s see how this news filters around over the weekend, and I’ll be interested to see whether Monday onwards sees a decent increase in Volume.

It may take a few days as the regulars know there isn’t any stock available….

…..so MM tactic will be massive spread and drop the ask on very little, hoping to scare a few into selling….then whoosh, then repeat.

I’m still hoping to add further very soon!!