RE: Tweet from Oliver11 May 2026 09:35
Shares like GMET require a lot of RNSs to keep momentum and share price support - prior to the NYSE listing the GMET team were very good at this. I would often joke on a down day that we'd most likely see an RNS the following day.
Let's face it tweets don't cut it nor do documentaries. No serious investor buys on a tweet. Apparently, the drilling activity has been off the scale for quite a long time with multiple drill rigs across the property, BUT we've had no results announced - some could be interpreting this as a bad sign. (in fact I think the last time we've seen a drill result Tungsten-related-RNS was NOVEMEBER 2025 - please correct me if wrong) We've also seen a plethora of cheaper me-too-tungsten offerings on the market, an finally GMET is generally perceived as one of the more expensive plays now in this sector.
I think we're in transition between the 'pioneering' type retail that propelled the stock in the early days to more institutional/fund buyers that'll lend long term stability/support to the share price.
I thought that the 'advanced' PFS was due by the end of Q1 2026 but I failed to find any indicated deadline in the latest PFS update RNS (again please correct me if I'm wrong here), investors will feel there's time to play elsewhere and re-enter. I assume all the interim drilling that has taken place should be included in the modelling for the PFS, about which we literally have no idea how it went, back to my initial point, and the market may be pessimistic.
There has been a lot of media attention on Tungsten of late, this won't last forever, and the team run the risk of missing the wave of market interest unless they resume issuing some hard fact drill results soon. Case in point we've been hearing about the Garnet potential for what feels like years, told there was a lot of analysis going on here, for a very long time now, but we haven't heard any hard facts to aid a conclusion on how valuable this may be.
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