Member Info for Real_Adam-Smith

@shotgunmike - Good points well made. I considered taking some profits and letting the rest run, its sensible way to mitigate risks in this stock. However, my view remains bullish - Perhaps I am too bullish and imprudent - I simply cannot see the downside on any near term horizon. I may live to regret this position - time will tell - Thank you for your comments.

Lots of theories here - No I’m not a pumper although you might be forgiven for thinking I am. I prefer to look at the bigger picture and I am not attempting to time or trade this. For me this is an investment - My only issue with it is how to value it. For this challenge I am simply looking at the market cap here of circa £20M and thinking that on the basis of everything I know for sure - This must be cheap as hell. It could of course be cheap for a reason, but I’ve yet to learn of any reason, welcome anyone putting forward a counter argument. Not intersting for me the theories of pump and dump or market makers bla bla bla - They will do what they will. For the valuation - if they own the land and it turns out that there is no viable Tungsten, what is the land value alone? What if Blackrock buy it and get planning to build on the land (Due to Freeport and relaxed planning laws/Plymouth Mayor - Growth Growth Growth Government agenda) Welcome any thoughts on this angle?

Train is leaving the station again - All aboard

Seems like a no brainer to me - Tin or critical mineral Tungsten? No competition.

Simply look at two charts - Look at the TUN share price chart and look at the Tungsten material price chart. Then look at the Freeport issue, the EU designation of TUN. So many factors are aligning to drive this - To me at least this is an obvious attractive investment for the short, medium and long term. I have no interest in Tin although as a commodity it will provide some degree or inflation protection and I would prefer owning it to owning Government debt denominated in fiat currency that can easily be printed or today created with a mouse click. You cannot print Tin or Tungsten.

Https://www.argusmedia.com/metals-platform/price/assessment/tungsten-apt-fob-china--per-mtu-wo3--prices-PA00145020000

Bit more reading - Tax breaks for companies located in UK Freeport Zones last for 10 years.

Nothing beats a government subsidy handout incentive to encourage investors to find the $93M investment double quick.

EU refuse to buy US weapons for Ukraine - Instead propose Euro 2 trillion defence budget - Money to be spent in the EU with EU defence contractors. Now all they need is a reliable supply of Tungsten !

Against a backdrop of higher UK inflation this morning one might take a moment to ponder the merits of owning hard assets in a hopelessly over indebted fiat paper currency world and also appreciate the inflation protection that owning essential Commodities like Tungsten might have to offer from an investment portfolio perspective. Yep Tungsten price rising again, is it falling USD, is it China supply chain choke - does it matter?

https://www.argusmedia.com/metals-platform/price/assessment/tungsten-apt-fob-china--per-mtu-wo3--prices-PA00145020

Or you could own safe government debt - Do you feel lucky?

just found this on lse website

https://*********************/companies/uk/precious-metals/tungsten-west-plc/research/hannam-partners/tungsten-west-global-hunt-for-vital-defence-metal-puts-hemerdon-on-the-map-with-credible-restart-pl/95_7714a72c-6b14-478a-b7fa-8327ff56635e

Reading a bit about UK Freeport’s and various UK Government incentives on offer for outside investors to invest in the UK for “Job Creation” or asset stripping take your pick. Also hearing that Blackrock are very close to UK Government and busy snapping up UK assets located in UK Freeport’s - tax incentives, reduced regulation planning scrutiny - Turns out Hemerdon is located slap bang in the middle of a UK Freeport. I wonder who is quietly buying up chunks of TUN right now on the cheap? - Blackrock? Starmer? Johnson? Trump Family Office? I also notice some large purchases coming through in this sites share price info feed from previous days and at odd times, curious isn’t it.

More info on Freeport’s on tax incentives, reduced regulatory/planning oversight here -

https://pasdfreeport.com/

Oh and as a final conspiracy theory kicker - there is a proposal for a new all powerful mayor for Plymouth covering 1.8 million people. Local democracy in action or the illusion of it?

Seems to be starting to ramp up again, maybe news, maybe simply that profit takers are now re-entering in preparation for the next leg up.

China export restrictions on rare earths and critical mineral resources results in another deal this time with Apple securing access to rare earth magnets. I wonder who might have an interest in securing access to Tungsten via a small investment of $93M? Reminder - Tungsten is needed for ..Defense and Military, kinetic energy penetrators, radiation screening, armor. Tungsten is constantly on US and now EU list of critical mineral resources. Aerospace and aviation, jet engine turbine blades, counterweights in rudders, ailerons and rotating assemblies. Essential for companies like Lockheed Martin, Prat & Whitney, Boeing, Rolls Royce. Automotive sector, Mining,Oil and Gas drilling sector, Electronics and Electrical, heat sinks, contacts, Semiconductors, Industrial & Manufacturing, Alloying Agent, Furnace Components, Welding, speciality materials.

Summary - Tungsten is indispensable across a wide range of industries but most importantly it is critical for defence.

Surely the UK Government realise this fact?

A poor article written by Sky economics editor Ed Conway. What a moron, “If china floods the market then the mine is unviable” has Ed Conway been living in a hole in the ground? Wake up Ed, Trump has declared China as enemy number 1, placed huge tariff’s on China and China is now restricting exports and demanding stringent export licence requirements are met before exporting Tungsten. What an idiotic article, always hated the Daily Mail, hate it more today. Moronic!

Hard assets protect investors against inflation and currency debasement - US primary deficit means that the USD is falling vs Commodities, this will continue, meanwhile China export ban. Result - Tungsten prices are UP in USD terms.

https://www.argusmedia.com/metals-platform/price/assessment/tungsten-apt-fob-china--per-mtu-wo3--prices-PA00145020000

Load up on TUN while price remains silly.

I know that I keep banging on about it - But TUN is an absolute bargain at these prices - Mr Market has totally lost his mind. Simply load up and be patient.

Nothing goes up in a straight line - Nothing. This will continue to oscillate up and down over time - in part due to the small float and AIM dynamics and the early stated nature of this opportunity - The underlying asset value will always underpin the stock price and its intrinsic value has rocketed up on the China export ban/controls - I think this is the key point to remember. Onwards and upwards! Hold on for dear life as the expression goes - I’ve not sold a single share and I believe it or not - I really don’t regret it.

@Studbutter - See RNS News

@HopefullDevon - This has not impacted dilution - It will if they don’t repay this loan before Dec 31st.

Bullish, they drew down additional money from their existing facility, meaning that they are likely to be..

A) Accelerating their plans to bring the mine into production.

B) Confident of their ability to repay this debt before the December 31st CLN repayment deadline and thus avoid dilution.

This is very positive. Could be that they have an alternative investor lined up on better terms - so they take advantage of this existing arrangement to pull down some money early - knowing that they can repay this $4M using a new and less dilutive source of funding or even using government grant funding?

Absolutely nothing has changed. - Load up and enjoy the ride - it’s more volatile than I thought but intrinsic value remains the same and this is what underpins the price ultimately. Notice the USD is falling as predicted - Best to own hard assets that people will always need.