Member Info for ontarget

You're mistaken, I suggest you read the 'Expanded Drilling Programme' section of the following RNS from 12/5: https://www.lse.co.uk/rns/SML/redmoor-drilling-update-vvxcpaaypbmicrx.html

The 9 holes was what they did last year. For the PFS they are going to infill-drill the entire resource to convert the inferred resource into indicated which is a PFS requirement.

It doesn't include the DFS. You can calculate from the number of metres they said they are going to drill for the PFS (22,500m I think it was) and the expected drilling rate (20m/day/rig given in the planning document), that this 10-12 months is for the 22,500m.

If you look at the documents in the planning application they expect at least 10-12 months of drilling from when permission is received, so it's not going to be this year. Realistically I think we're looking at Q3 next year taking into account time waiting for assay results and producing the PFS itself.

It does seem somewhat forced given the buy and sell volumes. Same with last week's drops.

Yes I noticed there are a lot of "financial advisors" on here all of a sudden. Wonder why?

Here are the figures using 22 days per month (I previously used 25) after 1 year:

5%: £395M

10%: £84B

Average of 5% and 10% returns: £42.2B

7.5% £196M

How you calculate the average makes a big difference.

Yes I messed up the calculations. Nevertheless (using the average of the 5% and 10% returns) after 6 months you would have £800K, but after a year you'd have over £1T and reach £153T 2 months after that. So it isn't going to happen either way.

If someone could make 5/10% every day they would be extremely rich. Using an average of the two rates, if they started with £1 then after 6 months they would have £14M. After a year they would have £398T, more money than exists in the entire world.

So I doubt they would be posting on here.

Clearly some distressed/panic sells today into relatively thin volume. Doubt it's the likes of Coffey, I reckon he's more likely to be the one mopping them up.

It's expected on or before 25/5.

No there was a 100:1 consolidation and the director holdings data on this site hasn't been adjusted.

Zeus value it at 0.2p/share in their 15/4 report, but its real value is that it more than covers corporate overheads 'head office' costs etc. meaning shareholders can be forget about that and confident that all funds that have been raised go fully towards developing the companies assets.

Quarterly updates are really not required. However if they have indeed made the decision to report only in the twice yearly financial reports now (which is fine), it would be courteous to simply communicate this, so we're not left speculating about where the Q1 report is.

I see the previous trenching results from January reiterated (including 6 m at 0.17% WO₃, including 1 m at 0.43% WO₃, and 16 m at 0.30% WO₃, including 2 m at 0.66% WO), but I don't understand why you are calling these 'low percentages'?

Look at GMET for example - its resource average grade is 0.2% and there are lots of mines and deposits being developed worldwide with grades less than that, some even below 0.1% (e.g. Northcliff's Sisson project). Those trenching grades are not low for tungsten at all.

In what way was today's RNS disappointing? Tin grades in historical samples increased (some significantly), CRD040 samples assayed support potential for extension to the 'North Tin zone'. Comment from Mark Burnett that "we will see a significant increase in activity at Redmoor in the near term".

What more did you want from this RNS?

What low percentages?

TUN doing well today, +5%. We should be following suit shortly then d4cl4n?

The Americans bought the dip. Up 9.9% closing at 243p equivalent. On 3x the volume of the UK as well.

Strange, you posted this on 2/12/25 when the shareprice was 1.05p

"If this has such a good storey.. why do the shares languish?.. I hate to say this but it's not going to be another HARL is it?? God forbid.!!!"

So assuming you held then, how can you not be in profit at the current price?

Funnily enough that day marked the low of that particular retracement and it went on to quadruple over the following 2 months. Hopefully we see history repeat?

Still well below 30-day average which is 44m.

I have a large holding here (10's of m) having bought mainly sub 1p, and also sometimes trade in/out a few million on the side, and pretty sure I'm not the only one. So I wouldn't assume "large trades" are by the same party. You might have seen a 2m sell at ~5.8p about a week ago and thought that was "the seller" but in fact it was just one of my trades on the side. I've bought back half of it around 5.5p and will buy back the rest if sellers would oblige.

Something to do to pass the time.