Member Info for Pondering

Maybe it will go a bit lower, but it's only low volume - so makes it look worse than it is. Any significant buying over selling and I expect the reversal will be sharp enough. How high and how consistent will depend on the significance of company progress. That I can't control, but am generally patient.

Well, I've tried to prop the sp up today, but not succeeded. Three of the trades were mine - last 21748 @ 17.20p is a buy. More than happy at the moment with increased holding and even lower average, but will see in due course whether or not it was wise.

In a slightly different position with an average here of 20p. Buying more at 17-18p won't make much difference to that, but would to profit at any northward handover. Certainly feels there is likely to be much more upside from here and now , though nothing can be certain, and there's always ris. I'm interested in the company, and feel good progress is being made now.

That's not to say that I'm not in a similar position to you in other shares e.g. my OMI holding looks dire, and I'm too p-eed off to add to it, even though I suspect it will probably take off again at some point. Psychology at work, plus not over-extending with any one investment.

GL

Looks like someone made a decisive exit on the last day of the tax year, presumably to offset their capital loss against something else. Biggish numbers of shares, so could well be Mr E. finishing up his selling. As I understand Rule 17, no TR1 to be expected from him, as he was below 3% on the last declaration.

I had reached what I had wanted here in terms of number of shares. However, if no-one else grabs these all of these in the 17p range tomorrow, I will have to have a rethink.

My guess is some people with non-ISA accounts selling to optimise their annual CGT limit one way or another. Then, especially if still at this level tomorrow morning, blue tomorrow. An opportunity for some today to buy cheaper today perhaps. All ISA holdings for me, so I will see what the morning brings.

It's a competitive market for these types of share. So many are very "low" priced, at least relative to a year or so ago. A sustained rise for any single company at the moment needs fundamentals, convincing management team and ideally some kind of potential big value-boosting "carrot" ahead, to keep investors loyal. And regular news flow.
I'm invested in several of these early miner types, including ORR, at varying degrees of current profit and loss. Pretty confident here for the future. See how it goes over the year. If there is wider change in sentiment for the sector, most/all will hopefully go up.

Something on rare earth oxides (Western Australia):
https://www.argusmedia.com/en/news/2318366-australias-iluka-approves-rare-earths-refinery?backToResults=true

Yes, nice presentation and the relevance re Russian oil right there in the first bullet point as well. No brainer, hopefully. 2022 to end 2023 timeline. Either way, should bring publicity as we asked. Reminiscent of an investment in EQT at 0.2p in 2020 that turned out to be a good one after a bit of patience. Praise for the boss man.

04-Apr-22 10:22:16 0.79 278,556 Buy* 0.65 0.80 2,201 O
was me averaging down a bit while able. I'm guessing today a few others as well maybe seeing some mist beginning to swirl around something in the crystal ball. Just a sense, no firm information.

Thanks Adusiek, I will sleep more soundly!

Still on the theory that AM's 35p buy was at least intended partly to support the sp above 30p, for placing 25-30p range. His plan messed a bit by PI selling after the SEDAR release. Maybe just the dregs going through under 25p? Anyway, last from me today.

Slightly regretting paying a compliment to adusiek, but looking forward to being crushed ;)

Thanks adusiek. None of us know for certain, but I suspect you have it on point at 14:11. Finish off whatever is going on, then the RNA will come.

In agreement with those who have posted about remaining polite and professional. Big loss for most to consider selling any here. Just waiting this out myself from this point. Irritating part of the journey on the COPL rollercoaster, that's about it.

Even from the impact of today's smallish trades, clear enough that the sp could move rapidly with the right news. I guess the question would be where will current "free" holders give them up.

I view this as high-risk, high-gain from this point, so not in here for 20-30% from my average. Basically, multiples before I would be interested in selling. If the new project looks really value additive and interesting, then I will keep them for the longer term outcome, unless I think it's gone ridiculous. But it's still high-risk currently.

I was curious on the comment about GWMO. I have held shares there a while also. Not sure how that would work...

Maybe he will do RNA for Canada market opening, to punish some here who sold? Not sure exactly what he would say though - until he has something firm to declare, probably will move it back to 29/30. Bigger news hopefully to come terms of weeks.

Largegin. I think this is where knowing the mind of AM would be very interesting. What is his personal measure of success here? At what point will he feel happy handing over reins partially or completely? I agree, it is almost certainly going to be better when personal hubris does not outweigh good business sense. Good day to all.

ii's will be critical. Once it is worked out how this is all actually going to be paid for, and looks safer regarding increased production & profit, that's when bigger ii buying will come in. At the moment, the company is still mainly relying on smaller investors taking 'the risk', leading to this volatility, and a ceiling on the sp. I am assuming there will be further placings - either already done (I understand may have been denied), or mixed with further financing rearrangements, but hopefully somewhat higher than here. 20% of my share portfolio says still maintaining positivity here, but not expecting to realise anything impressive until much later in the year, or next year. Thanks to the super-researched posters.

People will take their view according to personality, research and exposure. Also, we do not get full information. So, it's not surprising we have views represented from 'disaster' to 'nothing to worry about'. That's excluding any intentional duplicity. Usual stuff - invest in something you believe will grow, choose your level of risk, consider your target, don't invest more in once company than you can afford, or are comfortable, to lose.

As of yesterday, information about the risk here has gone up slightly, without any mitigation, and the sp has dropped accordingly. Whether attributed to 'panicking' or 'derisking' the outcome is the same. The company will have to come out with better information to get back into the 30s+ imo. I am expecting that info will come in due course, otherwise would not still be invested. I have reduced exposure here a bit since the recovery from the 20p placing fiasco - I found that an uncomfortable episode, so this one not so much. Monday? - with no RNS - 28p end of day guess, but could just as easily be 24p. I still think there may have already been a placing at 30p, in which case if RNS-ed, 32p close.

Yes, I like a company with evidence of exciting resource, enthusiastic leader, and a clear plan to prove up further. Reflected in more people holding onto these I suspect, than for some other similar shares. I've added a few as well today. Interested to see progress over the rest of the year.

Thinking further about the RNS-confirmed seller. If he's selling all remaining, then 'only' 375k shares to dispose as of 2 days ago. Assuming, some/all of the bigger sells e.g. @ 14:58:18 50K sold from that source, then should not be too long before they're all gone. I wondered whether RP might buy more at this level, though perhaps he has too much insider info.
Seen enough times when sp declines with a single big seller, followed by good recovery. Anyway, I bought some more today.