Member Info for Sharpey

Big dilution of shares. We're going from 81m to 289m!!! And those new shares are at a 27% discount.

...can someone tell me what this means?

https://www.londonstockexchange.com/news-article/HAMA/placing-and-subscription-to-raise-ps2-467-000/17116796

I just cancelled my sell order at 3.2p. None of it went through because of greedy MMs - 3.1 bid vs 3.5 ask!!!

Happy for this to be quiet until Sam gives us news on Viuda Negra and Phase III is complete. That means the sp won't drift down. I'd be very happy with zero trades until good news and this 🚀

If I sell at 1.29p and buy back in at about a penny who cares about the spread??!! You do what you think best and I'll do the same.

I'm trying the same thing. Put a sale in at 1.29p. It hasn't gone through yet. It may have been partially executed though.

Don’t promise what you can't deliver!

FAU announcement - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02961018-3A670685&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

🤣🤣🤣🤣

…a r * e. There’s only two trading days of June left!

It's crazy volatility. Long periods of price stability then this. There hasn't been any fundamental change in the company's prospects. In fact they've got better over that time. Sometimes the market doesn't know what price an asset should be and that causes volatility. This is time to play that volatility to my advantage. I bought a bit too early today but I'll sell half my holding when it next hits 3.5p and then I'll buy back in about 2.5p.

It bobbed along at about 1.5p for about eight months. Then shot up to 5.25p over about six weeks. Then 4.25-3.22 for about six weeks. Then two weeks down to 2.5p. Then six days of nearly a 50% range. It tells me the market doesn't know what to value this as!

This has ranged from 2.42p to 3.5p in TWO DAYS of trading. That's 44%. CRAZY!!!

Assays haven't moved this. My prediction is this will only move after successful Phase III drilling results and we haven't even started those yet. Or if there's a JV announcement, but I don't expect that until after successful Phase III drilling results. This will bob between 3.5p and 2.5p until then.

@barnetpeter - I’m going to sell a chunk at 3.5p. We got to 3.6p yesterday. I expect this won’t get much higher until more results which I don’t expect anytime soon. It won't really get going until a JV or take over which is long way away. Probably after Phase III drilling results.

I meant below where we are now.

There’s lots of FAU news released in the last 4hrs. They’ve raised the money for the mining costs. This is not going down again. Fill your 🥾 👦!!!

https://www.marketindex.com.au/asx/fau/announcements/fau-provides-update-on-twotranche-private-placement-3A670636

…to sell all and then buy back in because his has felt like a 🎢. But I also think 1.3p is the resistance level, so if I do that and it breaks 1.3p I won’t be able to buy back in later at a lower price. Decisions, decisions…🤔

…a little nibble. 74k at 2.95p. Bargain!

Fair enough. Good luck to you mate. BTW, where abouts in Essex are you? I'm in Leytonstone.