Member Info for ringworm

Thanks Justone for bringing some real perspectives here.

This is AIM and AIM exists to raise funds for speculative projects such as we have here, and so far we have done very well as an explorer and developer - though the actual work is done by TRM , SRES own the assets, and its NOT a fire sale to sell each project to the first potential customer at whatever price they offer. Getting fair value can take some time.

It is standard practice in the USA to try to bankrupt another business which has assets that you want, in the hope that they can be got from the liquidators at 1c in the $, so holding our ground is most important. The assets will not go away unless sold and we still have 20 years on the mining permit for CS - so no rush as the value will continue to increase as the urgency to decarbonise industry progresses.

Add to this the portfolio of other projects, and the assets here are quite spectacular for the pitiful share price.

I will continue to spend my "whisky money" on topping up here to further lower my average (0.1p) because at the first hint of a good deal going through the SP will explode.

It was fair value at 0.3p a few years ago, and we will get back there.

So anyone else want to throw some more cheap shares out ?

It just makes the opportunity here look even better .

Happy to top up today :)

Haha so they fixed the spread back to 8% now :)

That our BOD can hold their ground so strongly for a better shareholder deal whilst under a constant barrage of abuse on internet forums.

4 years since licence approval - achieved in lockdown - and still adding claims and new finds on a shoestring budget.

I don't think there will be any other PLC in the universe can operate on £50K a year.

Celebrate the persistence and integrity of our MD who is personally heavily invested and only takes shares as payment.

Looking forward to 2025 which I believe will in fact be transformational.

Look at the spread thismorning - marked up 40% to buy - looks like its being held back ..

With the price now stable at 10% of the last rally its surely a good time to pick up the slack here.

Without reading back through all the RNS, is there not a time limit on the cheap options available to some investors, and are these options not soon to expire ? So no more cheapies for the corporates.

For myself, how could I resist a little top up recently, now reminded that we have 14.6 Million tons ready to dig, with the reclamation bond already paid, even at $1 a ton we are at 8x current share price on CS pozzolan alone.

Think I will just go for a smug dance round the garden today and maybe buy some more tomorrow ..

Wishing everyone here a bountiful and abundant winter solstice :)

"Hurry on Sunrise"

So you do understand how they are playing this, so stop complaining and realise that its a long game and keep your "poker face" till the last hand is drawn ..

Buy the dips .. and the trenches .. and the permits of course and of course know when to hold and know when to fold etc ..

CS has another 20+ years on its permit, so no rush, and Pioche will take their time so just keep tucking away a few more here and there and wait for the tide to turn ..

Just in case you missed the obvious .. TYM do the work for SRES which is the company holding the assets. TYM have a team who work on permitting and claims and are very good at getting Nevada BLM to give them permits. SRES own the assets and exploration claims and pay TYM staff with shares mostly.

I do hope PC is enjoying Burning Man 2024 :)

Haha just a jolly, but I remember when I was young I sold more product between my flat and the pub than a professional salesperson - and it was just a jolly.

PC can have a jolly good jolly round Nevada, a cup of coffee in Las Vegas, and you can bet your bottom dollar that whilst he is having a grand old "Jolly" round Nevada he will find some more interesting rocks to take home and what three words note exactly where he found them. So far as far as I know as an obsessive geologist he has never failed to find something which everyone else misses, and I am happy to have put another £50 in the hat to send him there.

Just like the rest of us he wants to retire sometime, but he will never give up his passion for geology and exploration.

so if you gambled your pension on AIM then more fool you, for me its always just smoking money :)

That sell was a buy at below market - sorry no more at that price - just a small monthly top up for me again ..

Honestly this an ISA pensioners dream - hoping for maturity in 5 years or less :)

Waiting is not a problem - yet - as mine permit is for 25 years, and without having big cash burn we can wait. What we are funding is more projects with potential, and building cash flow through royalties.

I trade the same way really, try to make a profit on day to day trades whilst spending surplus on diversification, new products which sometimes fail, and other activities. Life is for living and not for trying to keep hold of every coin we earn.

Sorry I have changed my mind, actually a £200K investment would be marvellous for any long term investor, trigger an RNS as 10% of market cap, and given that we have $1.7 Bn in assets at CS alone its just pocket money.

£600K would force a takeover bid ..

actually makes chips seem expensive .. which they are now ...

maybe I should start a crowdfunder to buy out PC :)

There is often an exception to "prove the rule" as was said in the old days in math classes ..

Now we calculate our errors better ..

=> I chose my moniker so as to avoid making friends here :)

So that could have meant that your £££ monthly profits could be reinvested here sensibly whilst preserving your £200K capital. Then you are just gambling your excess profits ..

I would *never* put £200K on an AIM stock - that would just be soo STUPID !!

but this one ?? - No I would put the £200K in the hands of a property letting and management firms property portfolio and get a 7% guaranteed return ..

But adding a few hundred pounds here every month of "Spare Cash" might be a good idea.

If you search for the recent investor who triggered the RNS you will find a Quantity surveyor, former director of other firms, and probably a chunk into the ISA.

If you quite simply look at the assets, then the share price, I would expect to see an appointment to the board in the near future as its the kind of expertise we need. And given his age, its likely that he would be a good asset.

Watch this space - or bail if you like ..

I am happy with the share price - for now - just load them in whilst its still so cheap.

The assets are all still there, and the mine is ready to roll.

Royalty projects are great pension material.

This is probably still the best buy on AIM just now.

Load up - fill your boots. -> well take a look at the assets first and make up your own mine(d).

I expect that some of these buys are the customers popping some into their own pensions..

Fill your boots whilst its still so cheap ..

Its a Friday, people need their beer money ..