Member Info for Propinquity

Let’s hope the news is positive enough to underpin a significant leg-up - confidence is certainly permeating the market’s thoughts on this one.

Trading volumes have decreased somewhat over the past few days - but the price-trend remains steadily upwards.

Spread’s getting smaller.

Profitable Cobre operation, multi-million AUD for Leigh Creek, and an update in Q1 2026 of Redmoor’s mineral resource estimate - tied to tungsten’s upward-price trend; that’s why I believe in it’s possible - and, moreover, this is AIM, where over many years I have seen loss-making, continual capital-raising companies that have, and have had, unrealistic valuations that would exceed that of a ten-bagger here.

Only three tungsten-producing companies in the world that are not controlled by the Russians and Chinese - think about that!

That’s why I await at least a ten-bagger from this price.

Valuation, Valid point - https://www.techmet.com/about-us/

I feel he’s aiming for a lot more than 420% - especially with what potential we have along with our existing profitable operations.

Sad.

Was the 13.37k a buy or a sell?

Penultimate paragraph mentions flexibility to invest in wealthier countries - https://www.mining.com/web/us-in-talks-to-set-up-5-billion-fund-for-critical-mineral-deals/

Indeed, the market’s completely ignored Leigh Creek - for SML, it’s a win-win: we get cash upfront for the sale, then about 19% of the ASX listed vehicle that carries Leigh Creek (maximum value of A$3million), along with another pile of cash from the earn-out agreement - equivalent to A$4milliom. And the long-term trend of the copper price: upwards.

Correction on last point - I meant Q3 Cobre update - apologies for the confusion.

With that level of investment - and likely more, over time - they’re probably after at least a ten-bagger: they’ve seen Redmoor’s first-phase drill-cores, they know the status of the Leigh Creek sale, and they know what’s coming in the Q3 Leigh Creek update (around mid-October) - increased sales and profits.

Marvellous.

Two consecutive buys at £8025?

Blakchopper, Indeed, 2p would be a rational target - but this is AIM, and when good news pours forth, the share-price cup tends to overfloweth.

Trout, I bought some between 1p and 2p - a long time ago - and have been averaging down ever since. My exit price still remains well north of the 3p range because I expect the price of tungsten to settle around $700 mtu, based on both the continuing restricted supplies from China and the West’s critical need to secure its own secure supply-chain of it and other minerals; the full sale of Leigh Creek within the next three months; and the release of next month’s RNS on the Cobre’s Q3 results should reveal a strong cash flow for the overall business. In addition, today’s excellent RNS states that the second drill hole was extended from 550m to 600m because of additional observed mineralisation.

Trout, First one would be a good exit price.

His thoughts on PIs materialised only when he wanted to deceive them with his juggernaut story - to maintain his gravy train.