Member Info for PaulFG

No matter how much SW talks up that Acquisition I can't get excited about it , and honestly how much cash can something that cheap generate I really don't see it reducing the probability of returning to the markets for cash.

He's quite fidgety in interviews, isn't he.

On the share consolidation as I postulated earlier it sounds like Rick Rule brought pressure to bear. Ok its a criteria meeting thing for US OTC, not that I've ever seen the US otc bring a share to life. So ok, it's a meh from me.

I don't think these machinations will attract institutional investors they're attracted by opportunity and sometimes the mcap plays a role, depending on fund rule.

Sorry SOL I don't think many were confused by the RNS it's a straightforward consolidation RNS - what's causing people to sell (I think) is their experience/anticipation (rightly/wrongly) that upon consolidation the share price is likely to drift lower.

You can argue that is not the case, but that opinion seems to be driving the SP at this moment.

Only a bargain if they manage to get this project off the ground.... I have no idea what/if anything they're working on.

They had cash injections from HNWs last year - apart from paying their salaries and trips to SL what are they doing with the funds?

Any drilling going on to expand the resource? I dunno.

Sadly @Moz I don't think the level of activity this morning signposts any upcoming announcements - too small. It's probably @Andoman adding more, haha

Correct...although this announcement HAS negatively impacted the value of the company. It may of course be short-term.

@Moz, yes just noticed that - hoping it's not just one of 'us' using up an ISA allowance or something.

In the past, future news has been signposted by share activity - so fingers crossed. Although I've learned to be consistently disappointed of the years with CMET, sigh...

I can't help thinking this move may be as a result of pressure from US investor(s). They don't like sitting on 'penny' stocks, almost an EGO thing.

But this is AIM...

Right now could represent an excellent buying opp, but I'd rather wait now.

@hairy £1m worth of shares, jeepers! I'd say you've exposed yourself to enough risk already.

Am directly invested in GMET and was looking at POW as liquidity is better (if I was looking for more exposure to GMET). But now they've announced a share consolidation I reckon I'll hold off to see what impact on the SP post consolidation. Gut tells me, barring bullish news (which of course could come any day - but haven't we been saying that for years with POW) the SP may drift slightly lower.

Nice settle this afternoon.

Implies last nights settle was a higher low.

Which means we've been booking higher lows since Feb 10th (about 4) or so - nice emerging technicals.

Thank you - very valuable insight - but doesn't alter my opinion, which of course could be wrong, it's only an opinion...so chill...m8

I always thought the announcement would come first half of March.

Will be interesting to see how we settle tomorrow, Friday, ahead of the weekend and for me the period we are most likely to hear about the 2nd Bank (march 4th - 15th)

Agreed if it was 'leaky' we wouldn't be here, either higher or lower, depending on the leak outcome.

Another interview with OF: https://www.youtube.com/watch?v=fKpc_R43NgA

Interesting to hear what he says about Fusion, given the article below, and the correlated demand for Tungsten. Of course OF is also very clear this demand could be 5-10yrs off, in the meantime test builds might slowly push up global demand.

ALL that said you just never know the Chinese might look at these fusion developments and decide to just go for it - they are pouring billions into green energy, even more reason for them to potentially cut off the supply of their Tungsten sooner rather than later...

Lots of IFs as usual, but...

I mean it's just a class outfit, but I am looking at the mcap and thinking...hmm...but then we've so much cash

What happens? we'll get the week after or the week after that. THAT'S all.

GMET mentioned 29:14 in. Nothing new that we don't already know. Archer pushing the grant funding newsflow again, mentioning numbers like $10m, but I have no idea where he's plucking that number from.

https://ukinvestormagazine.co.uk/premier-african-minerals-avacta-tekcapital-and-a-small-cap-round-up-with-charles-archer/

@rob - couldn't agree more and between language in RNS's and all of HAAs interviews he's tried to get that across, which is why I believe that BANK2 announcement that Credit Committee has passed the proposal is the effective domino...then it's down to the logistics of coordinating signatures.

As I see second bank credit committee approval provides domino effect to all other finance counterparties that are lined up, with the possible exception of the Government that seems to be committed already.

Therefore, that RNS providing details on Bank2 is the go ahead (almost) imo. That RNS due, for me, anytime in the next 2 weeks will ignite the SP.

ALL THAT is ignoring the huge potential and progress currently being made in the KSA regardless of TK.