Member Info for ontarget

From the 28/1 note:

"We raise our fair value today to 4.8p (from 1.9p) which we view as only a stepping stone. We look to properly revalue Strategic Minerals on the release of a new Mineral Resource Estimate and updated scoping study."

No their 4.8p fair value is based on the current (2019) MRE. They've said they will update this when the new MRE is published.

Don't forget the copper!

If it's an OTC listing like quite a few AIM companies do then forget about it - it's a pointless barely traded market.

I paid for live prices + level 2 here for a while and found it a bit unreliable. Can't say I ever tried logging in on multiple devices at the same time but the website works well on mobile/tablet. It's cheap but there are even cheaper (in fact free) options available now e.g. anewfn. I went the other way and paid out for Sharescope, I think in general you do get what you pay for.

Well you could argue someone has been buying given the price has remained at the same level since early Jan despite continued PI dumps - all that stock has gone somewhere.

I read it as a partial hedge for the customer and was unclear what ATM get out of it. If they particularly needed the $3m due to other funds being compartmentalised then fair enough.

Not to mention GMET £340m.

I strongly suspect they are going to over-deliver with this MRE and surprise the market, which may well be the catalyst that brings us closer to those valuations.

"Concerns were noted regarding the company's high debt-to-equity ratio and liquidity" - typical AI-generated nonsense. This company has virtually 0 debt.

The 1.2m was deleted and replaced by the 1.7m, but agree next week should be interesting. Looking at the chart we have formed a textbook bullish pennant and next week is breakout time if it's going to complete. It's also the last week before the month Mr E is released.

Yes thanks, I figured that out eventually Trout.

% rights actually increased if you look

Ah unless you bought then sold of course.

The 2x500k lost £75 unless they're printed in the wrong order?

Talking your own book is a bit different to posting falsities.

"With a gap now between next drill results"

Not true - they have results for 10x holes drilled last year still to come out.

10p (£268m) would feel like giving it away on the cheap when e.g. GMET is valued by the market at £350m right now with its lower grade tungsten resource and without the 0.5% copper etc. 15-20p maybe.

FFS - "So do options"

So do warrants - where do you think the money goes if/when the directors pay the 3.5p/option to exercise?

I reckon these will all vest on a buy-out though so providing money will be irrelevant.

Depends how you define a game changer. If this increase in production and reduction of costs makes the difference between a mine breaking even or producing a small profit, and a large profit, large enough to self-fund the other projects along with the JV partners, then that to me is a game changer.