Member Info for SeagullsFan

@amin

Sorry, I read that as you were surprised that it had shown as a sell. My misunderstanding.

@amin

Everything is just a trade. The only way the sites show it as a buy/sell is by comparing the price to the bid/ask. Whichever one it is closest to is used to 'indicate' what the trade is. They are just a guess mate.

@Hazdogg
I now hold 9.59m ADV (not as many as one poster on here but still a large holding I know). Only reason for stating that is to show my exposure/confidence in the project.

Yes, there is a concern that the market may drop - however, the fundamentals of the company don't change. They are drilling for a 95% COS, and at these prices, I feel they are cheap/good value. If there is some background noise on the SP for the next week or so, I don't really care. Of course, I'd rather look at my portfolio with higher valuations, but if you can invest based on what your head tells you about the company, and not some pathetic ramping/de-ramping, you'll do fine IMO.

(There's some real sh it being posted on the WSBN board at the moment and it's ruined it IMO). We're so lucky here with the quality of the contributors and the general vibe on here - well, apart from some tw_at who posted a rocket :).

Added 320k @ 4.02p (not quite sub 4p but near enough).

@Troajan

The funds raised at the IPO are funding these first 2 plants. Revenues from those will start coming in next year (£17m turnover was mentioned in the interview).

Also, there are warrants with the IPO investors (@ 3.375p/share) which can be triggered anytime within the next 2 years, so once the SP rises I would expect these to start being triggered and this will also be used to fund the new plants.

However, once they get the 2nd 'pair' of plants (i.e. 4 in total), these will make it easier to fund additional plants.

Then, if they start to expand in Europe and/or, set-up on-site reprocessing facilities for Tier 1 car manufacturers, just watch the SP take off.

Thanks Troajan.

Really good interview - he comes across very well. Exciting plans for Q1 2022 - and aim to be at 6 of each type of plant (12 in total) by 2027.

That doesn't include Europe expansion, nor any on-site reprocessing facilities they set-up with Tier 1 car manufacturers.

These are going to fly soon IMO.

@Hazdogg

Hmm, so we know who to blame eh! Stone him :)

I've some dry powder which I had earmarked for topping up WSBN with.

However, I'm going to hold fire. Could be some bargain ADV to be picked up today. Sub 4p and I'll be adding (never thought I'd be topping up as overweight already).

I can feel a rocket coming back here lol.

Thanks for the posts guys - although it doesn’t change what’s happening, it’s good to see that the rig looks likely to be on it’s way very shortly.

Maybe next week we’ll get out of the 4p range and into the 5p. That seems to have been the pattern for moths now. Up a penny and then sideways for several weeks.

Don’t think we’ll be only going a a penny when results come through though :)

@lyndond

My thoughts too. Feel sorry for any new investors who get caught up in the hype (spin/lies).

Yes, there is a lot of potential here, but it won’t be realised immediately and the SP is not going to rocket to stratospheric levels in a few months. Jeez, my average is about 15p and I’ve been holding there for ages.

Need to buy into this (accepting the risk with exploration) and either loom to trade (which appears to be what some on this board are into doing) or hold for long-term returns.

Yep, healthy small pull-back.
Maybe a few of the IPO investors are selling a portion, but that's to be expected. Most will be holding from the ones I know.

Can't expect up-days everyday (if only lol).

@Dai @Wyn

I concur in blaming Wyn. No appreciation of artistic license. All he wants is lines on charts (which can be interpreted by anyone in multiple ways). Up means down, down means up. :).

Hey Dai, did you ever have to mention S****horpe on this site?

@NT

They are planning expansion over time with more plants located around the UK. However, from a logistics perspective the Midlands is a decent start-up location for a business which will require ‘products’ from around the UK.

Regional coverage will improve over the next couple of years I would expect.

Not me guv' - honest ;).

It was a mighty fine rocket to start but then went downhill fast ;)

Let's hope that once the rig moves/arrives, we get more SP activity. Volumes are still low.

@Amin
Not sure if that's intended for me or not...

Thanks - I’ll check that out too.,

Nice stream of positive news since debut. So doing well too.

I noticed that earlier. I was going to ask if I’d upset anyone and they’d reported the post.

It was only a bit of fun but maybe someone took offence. Must admit I’m tempted to post again (minus the boats - honest guys, that’s what they were meant to be).

They are 2 different physical locations, both in the midlands. one is in Wolverhampton and I forget the other, but reasonable close I believe (in terms of not hours away).

One plant will process lead batteries, the other will be all types of lithium batteries.

It sounds like (based on the proactive interview yesterday) that both will be operational very early in Q1 next year. My original understanding was that end of Jan for plant 1 and towards end of Q1 for plant 2, but it appears to be ahead of that.

If you are peeking in here ITV, stay well pal.

@Alun21

I think those hoping for a pullback in SP (based on IPO investors flipping quick) will be disappointed. I think 3.7p is the current floor and it will soon be 4p+.

It only made its debut last week - very pleased so far. I can see this north of 5p (at least) at year-end.