Member Info for Shurething

The likelihood is that it will rise again in Aus tonight as it enters investors' radar

Hi ahk9. 1TCF of gas is worth a couple of billion dollars at today's spot price. There's a figure approaching that for Cambay in Contingent Resources (2016) but where do you get the higher figure from?

Looks like we have a last 40 minute slow tick-up!

It's about to climb again (12.21)!

Agreed at 0.5 p being cheap - even 1 p seems to be. Saw this tick up yesterday and piled in (for me) this morning!

Agreed. Nice rise so far today - under the radar for most here!

Hi J4TT. He probably has a few friends who can buy them on the cheap!

I never mentioned 14 months today Mugwump - that was another member (A). I am invested in this share so am not deramping - just stating that it will take a while to prove this up. Surface work and results on known mineralized ground are always a good idea and favourable results would not harm the share price. Good luck all!

I've advised dozens of companies through this sort of thing 'mate'. Do you even know what a DFS involves? There's a protocol involved here and detailed surface work comes first because it's relatively cheap, quick and must be done anyway in as much detail as possible to target the drilling. Their presentation map (2020) suggests there's more surface work to do on the secondary pegmatite swarm and to the north of the Main Zone. To prove up the resource beyond the already known 20-odd MT will involve a lengthy drilling programme with dozens of holes and will take many weeks unless they mobilize several rigs - so they need as much surface information as they can get. P.S. Don't call anyone an idiot on this board - save that comment for home or the car! P.S. why would I want to deramp?

Re. a suitable lab. - Bara will decide that. Most likely is ALS in Gauteng.

'Piece of String'. Anyway, it's the wrong strategy and just really committed to to appease egos and baying wolves. Would like to see a more orthodox approach to a 'brownfields' prospect. Could add a lot of value for much lower layout.

Looks to me as if it bottomed at 16/17. I've bought at 17.1.

Well said Welshy. I dislike 'laying into' people too. Prem would be more popular if they release more information on drilling methodology, target identification, historical data, etc, etc. They seem to me to be wanting to jump from A to E and miss out the bits in between which is why they should provide more clarity. There's as much on Mindat on the Zulu pegmatites as there is on their website. Costs just a few grand to knock that information into shape! Unlikely to happen though!

Exploration drilling companies usually stipulate a significant percentage (50%?) of the drilling costs up front as well as mob costs. Then they need to pay the geological team. So an additional six figure sum will be required and within the next 3 weeks.

They have enough money to pay for mobilization costs but what about the drilling programme and consultancy work? Suggests another RNS re. project funding is due soon.

BRH's price graph is like an extended version of RMS: two rapid and significant spikes from a lowly beginning. TB involved with both companies, innovative but as yet unprofitable 'inventions' by university quacks - one in Nottingham the second in Sheffield. On both occasions the second massive spike saw ordinary investors unable to sell for a protracted period until the price had fallen significantly. I got caught out by both - even though my sell orders with both companies came within an inch of the absolute peak. It does look more than coincidental that the pattern is so similar. Funny though that the 'big boys' can offload their shares. Today we saw a sudden drop followed by a rapid rise (just enough for someone to day trade with a 10% or so profit) followed by a 'straight-line' trend from 88p at 9.11 to COB (run the edge of a piece of paper diagonally to see the peaks and troughs either side of this trend. So the MM's wanted this down all day (apart from perhaps someone pocketing some cash early on in the day) - the question is why? These shares are a real battle for most but highly profitable for a few who are really 'in-sync' with the companies' hype as well as investors' herd behaviour!

Thanks sadoldgit. I thought the spread widened cause of increased volatility - i.e. uncertainty. Just wanted to check.

Yes you are right StarKnight. Most shares that are more thinly traded react to buying and selling trends in terms of rising or falling accordingly. The more active the share is (and prone to hype) the more likely it is to be 'manipulated' - as most people describe it. However, even thinly traded share prices are manipulated by the MM's - but infrequently. I'm no expert on the fine detail of trading - e.g. hedging and widening the spread. Must pass on that one.

I've had this discussion with others in recent weeks. There is a common misperception that buying causes prices to rise and selling causes them to fall. However, it is the MM's who set the price and they often have an overriding strategy. Hence buying has been outstripping selling all day but the MM's want to drive down the price (based on sentiment - which is usually theirs). This happened with FUM on the 23rd when buys outstripped sells 2:1 (5 million vs 3 million) and yet the price still fell by around 20% on the day.

Yes. I feel the principle objective to increase share value long term is to get the Zulu resource up to 100 Mt or thereabouts, so would like to see words to that effect in any partnership or offtake agreement RNS. There are few 100 Mt lithium resources in the world - it's therefore a magic number.