Member Info for Skippysb01

You need traders on a stock like this.

A wide spread is off putting as it suggests the MMs don't have confidence in the price. If it tightens up we will see more investment. It's not good for the SP to have a wide spread.

That spread isnt winning any friends.

UPSA does not have a realised asset..... yet. Potential is just that. The market does not value UPSA at £1bn because at this point UPSA is not selling its product. It's all based on future assumptions.

Don't get me wrong, I do think this could be great and look forward to the next steps of the RTO but it's just mad to just take £1bn and divide it by 3% for a current value. There is a long way to go. You probably get a good lift here just in the basis that the RTO looks like it has legs.... needs more concrete news. I wouldn't value a company on an asset that it does not currently own just because there might be an RTO.

GLA DYOR. Honestly it looks good but not that good 'today'.

But it isnt being manipulated so it would be quite a hard RNS to write....

i'm invested here and i think it's a very high risk punt at this stage. if they have very high gold grades in those breccia assays then i will be gad i took the risk..... just a small one, that i can afford to lose.

people would do well to review the rns's from the last time wsbn filled at red setter and get a sense of what the atmosphere was like on this board. they actually drilled a lot more then too. deeper and with a better target may well reap the rewards but wear you ****ting pants when that rns comes through.

So you think they have the results but they might be wrong and they have conspiracy reasons to not release them?

Facts: The lab will release the assay results and then WSBN will release them that same day or for the market open the next day. Why? Because this is a regulated process, the assay results are of material importance to the company value and there is an audit trail showing when the lab released the results.

The MM's reduced the SP because not enough people were buying them at the previous price. That's a pretty good reason when it perfectly describes the whole point of MM's existing in the first place - the market decides!

Assay results from the first breccia cores are now 'in the zone' considering last time it took 6 weeks and this time we have a different lab and 'perhaps' a faster turn around time. So 4-6 weeks I reckon and we are now over 4 weeks.

Any day now IMHO.

We might get more drilling news any day now too.

You can see multiple TR1's for UBS recently. I suggest a client of UBS is trading this stock and they got lucky on Friday. Not so lucky on all of the other occasions.

A recent example is NTVO where Peel Hunt appeared to be buying and then selling down with repeated TR1's. People on the NTVO board thought it was literally someone called 'Peel Hunt' rather than the investment bank.

It just means a client of UBS is trading this stock. UBS do not own any stock themselves. No difference to me trading through my HL account apart from the fact this trader is massively more wealthy than I am. You quite often get RNS's stating that platforms or investment banks hold large amounts of stock but it's always on behalf of the client.

Ironically I have nothing to do with Australia.. but I do know a feckless fool when I see one.

The mm's are just managing the market. It's about liquidity and overall it was a no brainers that there would be selling after such a big rise this morning. mm's are not laughing or crying or trying to make your life harder. So much growing up to do.

also... most of the 'mm's' are just algorithms on computers. It really is a waste of time thinking there are little green men bothered about what you put your money on. Might as well blame M&M's.

That would be very nice. However over many years, I cannot recall a single instance when the yanks getting out of bed made any difference whatsoever to a UK listed share price.

Plenty of mileage in this without the yanks.

Thanks for this. Great to hear local experts across the pond providing positive messaging on HEX. If the commodity is available it will find a market. Hex have the commodity and we could be just weeks away from selling helium.

I'm expecting an update on the plant build very soon and a reserves update could drop any day..... off takers too, So much great news to come. Always risk in this sector but they have the helium, they have the wells, jeu have the flow rates and they have the plant, albeit in kit form, ready to build in the ready built shelter.

Everything is good now bar the shouting.

We will never know for sure but I have been expecting Minchin to get rid of his shares soon after he left. Might be appropriate now, he will still be under insider trading rules so you sell when you can.

Put it like this. I took a small position yesterday and I'm now down somewhat. But I'm going to leave it here because value will be realised as more news arrives and that could take time. It's probably a multi bagger from here IMHO, my risk and all that. But today the market needs more news and for the deal to remain on and risks for that managed. I'm going to assume the deal happens and will have the patience to wait.

UPSA is currently privately owned so what you are really seeing is the flotation of UPSA but under an already listed company wrapper provided by AMG. The valuation post flotation of that assumed £1bn asset is for the market to decide. It does look good but when was the last time the market valued a company at the value of its unrealised assets? It's a start up with a massive potential asset that might generate x revenue.

A lot still to happen. Objectively if I assume the deal will go though it is worth quite a bit more than the current AMG SP. But some of the figures flying about are not realistic IMHO. Also think the deal will take longer that a lot of current holders will like...

Bo Sears in the interview this morning "the plant is coming along right on time"

Very chilled about the news and SP today. Buying opportunity. Production news is coming.

This time they are using ALS for assays not Intertek.

Must admit I had assumed about 6 weeks for assays. That's how long it took last time. Other posters on here say ALS is quicker but I haven't seen any direct evidence that that is the case.