Member Info for ringworm

price dropped to sell some of the surplus shares, dutch auction style, no-one is selling here but they are being picked up, this should turn back again.

Someone picked up 3 lots of 3.7 million cheap just now ...

not much time left for the fire sale ..

Still good, and plenty of good prospects.

Bought more UFO this morning on the dip ...

a multi million pound plant producing "Biomass Fuel" at a rate of 5t/Hr only makes £250/Hr, which is £10K a week - before expenses, and I can grow trees which earn more.

And the timing was also good with current markets for Gold and Silver, high impact drill programs can only increase value.
It will soon be over 1p. - within three weeks I would expect. We have shown confidence in the new (Technical) CEO, and now he has the chance to do all the exploration stuff which was previously held back.

Its all good news really.

The end date is the end of the 30 day appeal window. 30 days from 28-7-2020

The reality is that some people do not like all that is established in streaming media, and 7DIG is becoming disruptive with its single product platform.
People want better than MP3 and M4A, and 7DIG delivers. With 5G it will dominate. Simple.
The down side is that it has already done a massive re-rate from 0.58, so any gains now will not be as fast.
It should however be good in the ISA or bottom drawer, and better than negative equity for cash in the bank.

should be considered as leaky buckets
You buy some, and some leaks out
You keep topping up, and more leaks out
As the price rises, your bucket gets bigger, but so do the holes
A big placement - overflows the buckets, so its spilled all over the floor.
Until all the spillage has been mopped up, there wont be any rise .. the trading floors are awash with spare shares just now, but they wont drop the price unless they have to, because dropping means losing money. There are still bids at the lower prices, and buyers with big empty buckets too ...

It will take a lot to move this now, there are so many waiting to be picked up on open market.

Best come back in a few weeks and check again ..

This placement means that there is probably not an imminent takeover or buyout offer for CS project.
The market reaction does of course mean that everyone can get in at this price now, and with only £10M MCAP it still has a long way to go, but I now only expect 0.6 as a short term target, and not 0.7.
But lets see how the other projects develop from here.
The big brokers suggest the massive russian owned corp as a good investment which I would be inclined to refute as with a MCAP of 2 Billion, its share price has nowhere to go.
With money coming in from CS to fund explorations, the potential here is still massive.

UFO is also down today, profits are very volatile, but prospects still good.

Bank pays me 0.01% against retail price inflation of 20%, money is still better here.

but some - or most - of those will be stop losses ..

Is like throwing your toys out the pram because your balloon deflated ..
..
a little ..

Clearly, as it does take time to do all the paperwork and negotiations,
Last Wednesday the mid price was 0.295, and discussions were probably well advanced then, so the discount was very small.
I was still happy with my potential profit then as well.

11.2% share issue increase for money to run for the year.
and so cheap they will be gone by lunchtime ..
at least its out of the way now.
Soon be back up there ..

Zero is blazing a trail in performance electric bikes, but at close to £20K their market is limited, piaggio have an electric scooter for £5K or less, but when Zero come out with something cheaper for commuters at a competitive price their sales will pick up.
I think £5K would be a good starting price target, with a range of 100 miles, and that would make a commuter bike viable.
Its nice, but not a moneyspinner - yet.

I doesn't need anything for an AIM stock to drift down, just the lack of near term price doubling.
Anything below 3p is still good for the bottom drawer, and dividends maybe in 5 years time.
Its just not attractive to day traders at the moment as it has done its re-rate and bull'd up.
Now the bears have, but I think if it drifts down to 2.5p it would be a bargain.

The mine plan is quite clear, and the low cost progress is straightforward, just one digger and one tipper are needed, to clear access roads and overburden - which is minimal, and ensure slope is kept safe, 100K Tons first year is very little, and at £100/Ton makes £10M revenues, more than enough to cover plant leasing, office overheads, and buyout of TYM so that the valued staff who have worked on this project can be retained.
Its all been in previous presentations.
There is of course the possibility of SR Mining being sold as a going concern, but I think that TYM will be merged into it first, (SR Mining) and assets transferred to SRES. At least that is how I would run it ...

Well if you posted a sell at 0.40 this morning, and waited for a buyer - you might just get it,
similarly if you posted a late bid of of 0.35 you might just get it filled before close - if you were lucky.
Its not MM's playing games, its the actual bids and offers on the marketplace.
Would you sell at 0.40 ? I certainly would not at this stage. I see nothing else to buy at the moment.

The plant was going to be leased, so its paid from revenues, but initially sales of raw minerals for other processors to do themselves.
But they might pay leasing with warrants.