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I just don’t get why anyone wants to keep the share price down. Every time we get positive news and the price starts to rise we get a flurry of 50k/100k sells to bring it down again and this knocks a lot of people’s confidence and dissuades them to invest more. I’ve seen distressed selling before but this seems different to me as it has been going on for weeks at all different price levels. Does anyone have any ideas as to why someone wants to suppress the share price at this point in time?
Just came across this on YouTube, it’s from 3 years ago so some of you may have already seen it but it may be of interest for any newcomers.
https://youtu.be/TxOBGV6mlOQ?si=Uo9EtlFphi4UfqIT
I second your comments.
I have been on many share chat boards and this is by far the best one so far. A lot of people have been here for a long time and as far as I can gather from the posts the vast majority want to see the company prosper, if only to benefit of us weary shareholders.
I have much respect for people like Crumbs that appears to spend day and night gathering information to share with us all, yet someone was having a go at him a couple of weeks ago.
If everything does start to come to fruition I expect we will get many new names on here spouting positive and negative news trying to persuade us to “invest more” or “sell before the company goes bust” but until that time comes, even if you don’t agree with someone, please be civil towards them.
Hope Alex manages to arrange a photo shoot with her 😂
Don’t know about the Chinese, it’s all double Dutch to me :)
Would love to know why someone is selling big chunks at these low prices when there is so much positive news being released. As soon as the price starts to rise we are hit with 100k+ sells!!!!
I first bought in at 18p, then added more each time I thought we’d hit the bottom. Hindsight is a wonderful thing. My average is a little over 12p
With all the good news to come I can’t believe that you can still buy these for under 9p. I think many people will be kicking themselves for not buying at this price.
RNS just released regarding this
Thanks for sharing this Crumbs. I particularly like the paragraph “ The US is seeking private investment in 15 projects across five continents, ranging from extraction to processing, including one in the UK, he said.” Could he be referring to MKA I wonder?
Some serious buying into the close. Wonder if some positive news is going to be announced on Monday?
Thank you. Lost a lot on URU ( and others) in the past. Dealing with much smaller amounts now which usually means I lose less.
Details of the reduction of ownership of the Minto mine was only announced on 6th April so surely any sales prior to that date should be split using the original contract and thereby Pembridge should be entitled to 33% ?
Many thanks for posting the link, I don’t profess to understand all the detail and figures in the presentation pack but it looks to me to be an impressive piece of work. In particular I love the part which says “Moreover, by September 2021, The Minto mine should be debt free and capable of paying dividends”. Hopefully this will attract many new investors when the suspension is lifted.
If I’ve read the RNS from the 21st July 2017 correctly the warrants are exercisable at 3.2p ( now=32p). Hopefully that’s an indication of where the BOD expect the share price to be before the end of the year
I agree with blacksheep, keep your posts coming DJ, and keep buying those SML shares !!!
Personally I’m in no rush to see suspension lifted. There’s been a lot of negativity on this board for some time, whether justified or not and this combined with the length of time the share has been suspended would probably mean a lot of people will be “glad to be out” when it’s finally lifted but after a bit of time to let this sink in, and also to see how this develops may restore confidence in the BOD and also our future prospects.
Am fairly new to all this so can anyone tell me what %age of the votes are needed to pass each of the resolutions?
I received the Notice of General Meeting circular a couple of days ago through the post. As I will not be attending the meeting I wanted to register my votes by using the form of Proxy. On the first page it says “A form of Proxy accompanies this document “ but when you read the small print on page 12 (note 2) it says “The company are no longer sending paper forms of proxy” and that Shareholders can complete the online form by logging onto signalshares.com When I tried to do it was asking me for my “Inverstor Code” and I had no idea what that was so I rang them up for clarification. I was told that this service was for shareholders who had paper shares and not for those held electronically. In the end I logged onto my share account and was able to complete the form of Proxy on there. Thought I’d post this just in case anyone else was confused?