Member Info for SeagullsFan

You'll have to prise them from my cold, dead fingers.

24.29 not 24.39 ;)

Added yet another 'last top-up' of 100k @24.39.

Forget the tweets - they were meant to be positive and some people are just bed-wetting IMO.

I sold out a couple of months ago, after drifting SP for ages. If this gets to low 50's I might come back in, but there seems to be nothing driving the returns for shareholders yet.

I can make more returns on other companies, so even if this doesn't drop but drifts, there is the 'loss' of missed returns.

It's concerning in this market that there is no shareholder gain, even though it is undervalued.

Well, all the cr_ap that the BMN board/group want to throw at FAR, yet they've published results today which are really poor.

BTW, I am in both.

They keep on about how good a company it is, how good Fortune is, how great the prospects are, how we are being fleeced in FAR, that Sir Mick is a busted flush (because X2 didn't make any deals and he closed it), yet they completely fail to see that BMN is not exactly setting the world alight (and that's being polite). It's my worst performing investment :(.

You would think that, as they have much more production from their mine than FAR (who buy in the ore to process as it generates some return for them), that their SP would be going higher due to the V price rises. But even with that, it keeps drifting lower. We know our resource is huge and the processing costs will be the lowest in the world (or near enough).

No doubt we'll get the usual @LoudSpeaker on here telling us about the processing costs or making some other garbage up again. Like he said we were processing Stone Coal hahaha.

I know that I won't sell my FAR holdings. BMN, hmm, get the opportunity to get out with a small profit I think I'll be tempted. They need some serious progress, as they are much more advanced stage than FAR, but still no shareholder value being created.

I looked at his posts ST. It would appear that his research is based on what someone has written on the BMN board, not on researching the companies.

As you know, I’m in both as I view FAR as the longer term prospect but I hope there’s an uplift in BMN over the next few months (but, if anything, their SP just keeps drifting toward 15p and can’t seem to get any higher, no matter how much the posters on their boards say it’s undervalued).
If BMN get to mid 20’s (my avg is 16.35), then I’ll be taking a profit and moving on as I don’t see as much upside there as with FAR (albeit it’s more likely going to take time IMO).

No doubt I’ll have the telegram group accusing me of not knowing anything about BMN - but all I see is a SP driving, even though V price is rising and they mine much more then FAR. However, FAR have the potential to mine much more than them at a cheaper price too - and, as we know it’s not Stone Coal they are mining as per China.

Hi Joshwaa.

Although I’m not a TA person, I do find your explanations must more credible than someone else from HE1. Your charts are clear and using other companies SP performance based on similar parameters does not seem an unreasonable strategy.

Appreciate both your charts and your research.

Yeah, nothing to worry about here. All the background work has been done before his visit anyway.

This is noise - no more IMO.

Just to add to DBD's post. These risked/unrisked are on 4% concentration (I believe). If the concentration is 8%, you can double the value. Also, it will be based on estimated reservoir sizes, to quite a bit of unknown in these 'unrisked' values.

It will become a little clearer this week/next week I hope.

I'd be glad to see a drop during the day and then I'll be tempted to add some more.

These SP movements whilst we are waiting for the RNS are irrelevant, but may provide some opportunities :)

@dai2belts
Hmm - I wonder who you mean there ;)

I think BugPlan is a better username haha

I'm a newbie here with an average of 15.9. As much as I'd love it to get to £4+, I'd be very happy with £1 and a 6 bagger.

What I will be doing is looking to trade and lower average when I feel there's the opportunity - but this will be a long-term hold for me.

Hi DBD.

I'm looking to add tomorrow as well. See how prices move in the morning as may be tempted for a top-up on HE1if that drifts a bit lower too before the RNS hits.

p.s. Got notification that my 2nd payment for SpexC has gone though for Round 1.

@Sp28

On the BMN telegram group Loudspeaker is still ****ging off FAR and all FAR holders are going to get fleeced.
Strange thing is BMN is still drifting in the low 15p range, yet this is because the market doesn't understand the company. Well, maybe the market does understand BMN and is not as keen as the PIs .

BTW, I'm invested in both and want them BOTH to do well, but I fund the small-mindedness of a number on there quite hilarious really.

I cam see real progress over the next 6-12 months now Sir Mick is on-board and the funds become available to carry out the study and plant upgrades. The potential here is HUGE - cheaper mining/processing costs than BMN by about 40% (from memory of the VSA prospectus)

Days? Minutes more likely.

First post on here and he’s de-ramping.

Who to believe? Lucan or the reams of research and analysis posted on here by other people who understand the geology/seismic data? Ooh, tough call (not) lol.

(Sorry, I mean ‘Trap&Seal’, not discovery yet).

Bit of fun guys and gals (sorry if that’s not a woke term).

1.Do you think there will be an RNS this week about discovery?
2. If so, what day?

My answers :
1 - Yes.
2 - Wed.

If they get the discovery and the SP goes north of £1 and the resources of the comps may are proven, then then I would hope that they would consider borrowing the money to fund the production and not an equity raise.

The production costs could be repaid within 12 months, and this would stop dilution. Makes sense for existing shareholders, and don’t forget the main management of HE1 will have large share options too.

Maybe a question if there’s a “Meet The Investors” forum soon???

@wyn

You say you’ve made 50% on HE1 in the last week. For that to be ‘true’ (i.e. you used TA to time you entry of the stock) you would need to have sold you entire holding of HE1 when it was dropping from 21.5p —> 18p (approx) and then bought it all back at 18p.

Otherwise, you are kidding yourself into thinking that the price rise which has happened is because of TA.

Also, on another TA post you made recently, you stated that the chartists who had bought at either 18p or 21p (I can’t remember the exact figures you used but that’s near enough) were proof that TA was working for them. That, with respect, is clearly wrong. How can buying at either of those prices prove that TA is working? What if someone bought at 19p? Is that wrong, even though they’ve made more profit than someone buying at 21p?

I can see some benefit to an established company where general sentiment may impact trading, but honestly, with an exploration company when the result is “sh it or bust”, then TA is, IMO, next to useless. One RNS can blow everything out of the water, so TA is of no benefit here.

Just my opinion and I mean no offence.