Member Info for SeagullsFan

I know some people want to go on about his failed X2 Resources venture, but that was a vehicle set-up to buy assets and it never completed any. Yes, it failed, but it's different to failing in a company which is actually planning to mine.

It look like some profit taking going on today which is to be expected, but this will be temporary I feel.

Just read those articles too. My initial thoughts were “give this a swerve”.

Need something more concrete to make we want to take a punt I feel.

Sorry ST. Missed this earlier.

Yes, the future for vanadium is interesting, as are the opportunities in rare earths.

Agree that expectations are very different with HE1 and FAR. Far will be the Sloan and steady (relative of course) and HE1 will be the disruptor. From nowhere to either oblivion (if not successful traps/seals) or dominant player, with all the excitement that brings.
For example, if they strike HE and the reserves are proven to be significant, will a big player come and and try to buy them up?

ST.
I think we’ve had enough messages over the last couple of months that I would hope we wouldn’t take offence from one post - especially aimed at someone else. :)
Also, with this investing malarkey, a lot of it is down to our own perception of the potential to a company so there’s little point getting too upset if someone disagrees with some of our choices.
For example, HE1 may fail in its drill, so does that make it a bad decision to invest in if now, based in what we know? Captain Hindsight is a wonderful teacher eh!,

In regards BMN. I feel as though there is a good company trying to build momentum in multiple markets which maybe makes the message difficult for investors. Are they a miner? Are they trying to become a VRFB provider? Luckily, I’ve not been in them too long (only a few months) so I’ve not been exposed to the on-going stagnation which I’m sure will be demoralising, especially for those invested at higher prices and maybe with a large % of their funds.
As you’re aware, they are approx 15% of my current investments (although I’ll have more funds shortly once the houses complete 2-3 weeks). I’m reasonably confident that the SP will rise quite a bit within a reasonable timeline (say up to 18 months), as they appear to be getting some degree of support from the SA government too.
Of course, it could all got t!ts up and just drift for that time too. If that happens, I’ll have no problem pulling the plug, taking a loss and looking elsewhere.
It’s stupid (IMO) to get emotionally attached to any one company. All they are is a way to make money - end of. Yes, you want them to be ethical (as per HE1 and the local community support), and not cause damage/rip people off, but once I feel there’s only limited gains in a share, I’ll have no qualms selling.

Hey JTurkas.

It’s truncated part of your message - character limit.

Thanks SP28.

Yes, I was aware - I should have phrased that better.

Also ST, my average on BMN is 16.35. I’ve bought in low (hopefully they won’t go lower) :-)

Haha ST. No offence taken mate.
I had a few comments on Telegram on that board warning about Sir Mick and his failed X2 Resources vehicle when I mentioned I was in both.

After doing more research on that, that failure was in doing deals, not the company failing per-se. He’s done a deal now with FAR and will bring his mining experience to bear hear. Also, it doesn’t take away the fundamentals of the resource for FAR and the potential. Sir Mick will, hopefully, be the catalyst to expedite this.

With all these things, there’s always a degree of risk. However (following on from your ‘concerned’ post last night in regards your perception of my potential exposure in HE1), I feel that quite a few investors seem to go all-in an one company. It almost becomes personal for them which is dangerous. You need a degree of detachment so you are willing to sell up, either through great returns or due to losses.

There’s a guy who did some work on our building project who was all-in with his pension a few years ago on one oil exploration company (drilling in West Sussex I believe - Barcombe) and they kept going up, until they crashed to virtually nothing.

Never, go all-in on AIM (or any company in reality). Some degree of diversification is essential IMO.

@dbd
If I had some spare funds available I'd be topping up to 1.5. I'm tempted to take some of the FAR profits and recycle into here as I feel optimistic. I think the price if FAR is more of a long-term gain, rather than an immediate spike.

Decisions, decisions .... (First world problems eh!).

Hi dbd.

Sounds like we're in about the same volume here then - I'm 1.35m shares. Next few weeks will be 'interesting' haha

Hi dbd.

Looks like you timed your entry on FAR well mate :).

Let's hope HE1 does some of the same soon eh!

Hi ST.
All going well on FAR again today. Just need HE1 to join the party and I'll be a very happy bunny :).
Don't know about you, but this just feels like it's about to make some strong gains.

@seisprocessor

Thank you for the explanation. I (amongst others) took exception not to questioning the chances of success, but the tone of the original message (copied below) which is designed to be provocative.

"none of those are 'fundamentals' though, they are the ramblings of a geologist, hell bent on proving himself to be right and going at it flat out. I don't see any income, profit, sales contracts, optimisation of plant, so for now there are no fundamentals, just a belief that the man has a plan that will materialise positively. its all just an educated guess. :) Fork 'andles anyone?"

Sorry, replied to wrong thread.

There's a thread I started about telegram group on page 2. Link is there

Check.
Next?

Thanks ST. You too.
Here’s to an exciting few weeks.

@Ezhik

You are trying to conflate the business attributes of a trading company with those of an exploration company which is stupid. If anyone here is trying to value HE1 based on assets, cash flows, sales, balance sheet, profit and loss, then they really should be hading their money over to either the casino or an IFA.

Trying to attribute those business reporting outputs to an exploration company if futile. And, before you try to patronise someone make sure you know more about the subject than they do. I am a director of 2 companies, and, for one of my businesses I do business consultancy for companies, advising them on business processes across the whole of the business, for which I need to have a detailed understanding of financial accounting, management accounting, sales and purchase ledgers, stock and WIP ledgers and project accounting.

You, however, don’t seem to appreciate that those reporting outputs are irrelevant at this point in time, and the current valuation of the company is based on risked values of potential discoveries. However, the seismic data which has been presented (and discussed in detail on here) gives a higher degree of confidence that there is a good chance of success.

Your post describing “the ramblings” of DM is clearly meant to antagonise or de-ramp the share to enable you to buy in at a lower price. If HE1 is so crap a company, do us all a favour and f&&k off.

Best regards.

@Ezhik

I assume that you must know more than Mitchell Drilling (highly respected company) who wanted paying in shares for the 3rd and optional 4th holes.

Yep, they obviously have no idea about seismic data/drilling and are happy to not get paid.

Jeez - are you naturally stupid, or just get up early every day and practice hard? Whatever your methods, they are clearly working.

Thank you Quasimodo ;)