Member Info for Propinquity

Stocks, Good info - it would benefit us all if we could find as many similar companies to SML for comparing their grades, tonnages, and market-valuations; I’ll try this weekend, but would be delighted if someone else beat me to it.

GMET’s valued at about £205 million.

SML’s valued at about £20 million.

SML Redmoor has nearly double the tungsten grades of GMET’s Mt Pilot’s - based on SML’s 2020 MRE; by how much more will SML’s new drilling results increase the tonnage and grades? What a spectacular disparity in market-value between the two - either SML’s undervalued, or GMET’s overvalued - we’ll find out between now and the end of this year.

Before the end of October - but hopefully before the end of next week.

Couldn’t agree more, Blacksheep.

As for my holding, it’s back in profit - but your millions of shares leave mine a tad embarrassed.

Sheepster, Your bleats cheer me up.

I prefer jdubya’s price.

Highly improbable while SML continues drilling - may happen after publishing its MRE, in Q1 2026.

And it does not change the upward trajectory of this share: lots of new still to be released - clearly stated in the latest RNS.

Makes sense.

Lupi, Your big dump let off an awful stink even for our sewer rats on this board; a sneaky suspicion this share will become their rat-run over the next few months - anyone call digital pest-control?

Buy or sell?

Agreed, all - take the free ride.

As for me: I’ll wait for the bigger numbers - both in the resources and share price.

Possibly to partake in the options, as per the August 15th RNS.

I wonder why.

By my estimate, I reckon the LTHs collectively own about 100 million shares - at the very least - a significant chunk of the company; and predicated on their posts about their holdings, they will unlikely sell them cheaply to the market.

Fully expected consolidation around 1p - ready for the next leg up on the next RNS-drop sometime this week, or early next.

Only one hole’s results reported - yet without silver and tin results - from the first drilling platform, so another two holes to go, plus the other holes from the other two platforms - that, folks, is a helluva lotsa forthcoming news. Think about the major upward surges, leading to higher highs when the results are released, one by one.

Chesh, You’re still on the three-line posts - I like your consistency.

This share feels a long way from being a toil, Toileronthesea.

Preston, Ditto - LTHs own a large chunk of SML’s shares - and they ain’t gonna let ‘em go for peanuts.

Let’s be sensible in which company can take over SML: one, Tungsten West has no money and, moreover, might not even exist as an entity if it receives no finance by year-end; and, two, Cornish Metals has only enough money to fund its existing operations, including de-watering its existing mine.

The only possibilities would be one of the world’s big mining companies - or GMET, with a merger.