Member Info for StarBright

Https://www.gazettelive.co.uk/news/teesside-news/200m-lithium-refinery-plans-dropped-33448179

The company had planning permission for the refinery in Wilton International. The article linked above says only that it intends to apply for planning permission at the new Billingham location.

Has the company somehow forgotten to inform shareholders of a big change of plan?

“The RNS directly after Rio & Glencore at 15:26pm mid afternoon struck me as one that had no need to be released at that specific time and could have been released on the Friday am at 7am ?

What was the rush ?”

From direct experience, the answer to this may be that somebody else was in possession of the relevant information - and in a position to buy or sell shares informed by this information. When such a situation arises, the NOMAD will always advise making an immediate release in order to avoid a situation where shareholders can claim to have been disadvantaged.

This forum’s ongoing fascination with conferences never ceases to amuse me…

Hands up those who remember Avacta’s most explosive ramper TomTheBomb spending weeks spam-ramping the company’s participation in the “Jawdrop Summit”? Just as anticipation here reached fever-point, with posters promising to attend and live-tweet Avacta’s great reveal, someone posted a link to the agenda for the conference. It was run by the local borough council to promote the “White City Innovation District” - a worthy re-development of some old office and light commercial buildings aimed at creating jobs and enterprise in a troubled urban location. Avacta (as new and exciting tenants) were simply doing their landlord a favour by fielding someone for a panel-discussion on Women as Innovators or similar.

In US corporate life, for US executives, the “conference” occupies a rather special ecological niche. Ostensibly, it is a vital gathering for strategy alignment, industry insight and cross-functional synergy. In reality it is a socially sanctioned three-day relocation of a senior-ish executive to a respectable hotel somewhere entirely at the firm’s expense and, crucially, without touching their tragically limited US holiday allowance. Panels are attended with diligence (particularly the 10am ones), networking is conducted with professional seriousness (especially near the bar), and important relationships are forged over steak dinners described as “client development.” To British eyes it can look suspiciously like a mini-break with lanyards. But in the American system, where annual leave is rationed like wartime butter, the conference performs an essential cultural function: it allows hard-working executives to see daylight, expense a decent bottle of Napa, and still tell themselves - entirely truthfully - that they are “at work.”

* £70m market cap, not £7m…

<£7m traded in a £7m mcap name (<10% turnover).

>4,000 trades, so <£1.6k average ticket.

All OB, zero AT prints = no on-book execution via the exchange matching engine. In a SETSqx stock that means no continuous order book interaction, no queue dynamics. No HFT, no VWAP algos “sweeping liquidity”.

This is just fragmented retail flow and MM risk transfer.

No whale. No instos with iceberg orders. Just a shoal of minnows, spooked by a bravura performance from a convincing operator today.

Be careful out there.

The OP’s breathless input reads like US-style order book language mis-applied to a UK venue that works quite differently...

HE1 trades on SETSqx (quote-driven with periodic auctions), not on a continuous central limit order book.

Without visible queue priority or depth ladder, what’s the specific mechanism by which an HFT/VWAP strategy would be interacting with the book here?

When referencing “…liquidity gaps above 1.00p” etc what data is being used, given SETSqx quotes are MM-driven rather than true central depth?

If meaningful institutional size were building, wouldn’t we expect that to show up in auction behaviour rather than intraday “sweeps”?

Just trying to reconcile the actual market structure with what has been posted...

Wyn + Hurst combo = Wurst

“ Across the quarter, each of SSIT's top four holdings recorded an increase in valuation resulting in a combined fair value uplift of £69m, equivalent to a 24% increase in the Company's previously published NAV of £284m as at 30 September 2025.”

Previous MCap/NAV was £336m / £284m, so an 18.3% premium. It’s safe to assume this premium reflected some anticipation of NAV uplift.

New NAV is £353m. Until recently SSIT has traded at a discount to NAV. Hard to say where it will end up now - I could create credible sounding arguments for both premium or discount. We’ll have to see where it settles.

Highly unlikely. Siemens is an engineering and technology business, not a developer or operator of energy facilities.

I’m sorry to see this outcome. There were a lot of signs though.

The interests of (rightly) enraged shareholders here will likely best be served by encouraging Tom Winnifrith to continue to engage. He’s very good at what he does. Related party transactions, conflicts of interest and governance arbitrage are all in his sweet-spot.

Amazing to see AVCT +15.2% already today, before anyone in NY even knows…

Interesting. There’s one major reason that companies appoint new brokers…

This is a further indication - if we needed it - that funding is sorted. The important questions now are on the terms. What equity % has been retained? What economic exposure to Lithium pricing has been retained?

I don’t think for that the supposed funding will be relevant here, but the alignment and political vision/objectives are. Note the inclusion of quotes from Miliband and Reeves:

“ Through its investments, the National Wealth Fund will pursue opportunities to address market weaknesses and crowd in private finance, supporting these key sectors and helping to accelerate high-impact projects which align with local, devolved and national government priorities.

Oliver Holbourn, National Wealth Fund CEO, said:

“This is an exciting new chapter for the National Wealth Fund as we look to unlock the UK’s future. We will be going further and faster to drive more than £100 billion into the economy, fully deploying our capital over the next five years to help drive economic growth, accelerate the transition to clean energy, transform communities with place-based investments and strengthen our self-sufficiency, security and resilience."

Energy Secretary Ed Miliband said:

"Clean energy is not just about energy sovereignty, it is about bringing back the good industrial jobs that have been denied to our country for too long. Thanks to the certainty of the government's clean energy superpower mission and public investment like this - the industry is responding with record investment- meaning better jobs for people across our country."

Chancellor of the Exchequer, Rachel Reeves, said:

“When I became Chancellor, I created the National Wealth Fund to drive growth, and since then it has invested billions of pounds in our industries and infrastructure, helping to create tens of thousands of jobs across Britain. This new plan will go even further with £100 billion for our communities—delivering much-needed investment as we push to deliver our modern Industrial Strategy and build a Britain that works for all.”

To date, the National Wealth Fund has committed a third of its capital, mobilised more than £17bn of private investment and created or supported more than 70,000 jobs. This strategy will ensure the Fund’s remaining capital is fully deployed over the next five years to support the Government’s growth and clean energy missions and deliver a return for the UK’s taxpayers. ”

Https://www.nationalwealthfund.org.uk/news-and-publications/news/national-wealth-fund-to-drive-more-than-100-billion-into-the-uk-economy/

The National Wealth Fund has today set out its ambition to drive more than £100 billion of investment into the companies, infrastructure and supply chains that will unlock growth, creating a more prosperous, cleaner, greener and resilient future for the UK.

In its new strategic plan, published today, the Fund sets out how its investments will create and support more than 200,000 jobs, accelerate the pathway to clean energy by saving 500 million tonnes of CO2e GHG emissions by 2050iii, and ultimately deliver a positive return for the taxpayer.

The National Wealth Fund will continue to support the government’s growth and clean energy missions, with its activity rooted in three new strategic ambitions:

1. Unlocking growth opportunities on the pathway to clean energy by accelerating investment into the most critical projects, technologies and industries that enable decarbonisation and have the potential to lower bills for households and businesses.

2. Accelerating place-based investment across all four nations of the UK by providing financing and expert advice to regionally significant projects through the Regional Project Accelerator and investing in the enabling infrastructure to support regional growth.

3. Strengthening sovereign and strategic capabilities by investing in growth opportunities underpinning the UK’s national security, enabling UK leadership in industries of the future, and backing domestic supply chains for growth and resilience. This includes critical minerals, defence, green steel and AI.

To achieve these ambitions, the National Wealth Fund will be adopting a more targeted approach, focusing on Industrial Strategy sectors and Infrastructure Strategy priorities, where it can make a real difference. The following 10 sectors have been identified where the Fund expects to have the most catalytic opportunities over the next five years:

Ports & supply chains*

Carbon capture, usage and storage*

Hydrogen*

Battery manufacturing & the electric vehicle supply chain*

Steel*

Power grid

Energy storage

Nuclear

Transport infrastructure

Place-based regeneration

*In these sectors, the National Wealth Fund will aim to commit £5.8 billion collectively over this strategy period, subject to investable propositions and progress on supporting policy.

Any chance you might stop the mindless spam ramping?

It’s not needed.

Nice move up! Prints so far are all small (largest is 5k shares / £13.5k) so don’t really explain the +15%. Hopefully there’s a whopping buy order being worked in the background - we should see later today or tomorrow if so. Watch this space…

“SABA just want the investment mandate and the opportunity to try and make a quick buck for themselves”

This first part of this statement is incorrect. This isn’t an investment mandate that SABA could run. Their interest is what they see as undervalued assets, and their objective will be to profit from unwinding that undervaluation. Their expertise is in driving the corporate/governance changes that have protected the incumbent manager from the consequences of mistakes they appear to have made; some of which you have outlined in your posts. They are very experienced and capable at forcing change (I’ve seen this from the inside) and I see no reason why they should not prevail here. Sadly, LTH’s who paid 80p+ are unlikely to escape unharmed. But those who’ve bought more recently may yet achieve a profitable exit. Their expertise chances of that have been materially increased by SABA’s involvement.

Some good analysis and discussion in this thread - thank you.

Let’s keep an eye on SABA, who are surely in a position to better understand the US market(s). And who have just increased their holding to 11.1%

I’ve been connecting dots from posts here, and it’s now obvious that Greatland Resources (GGP) isn’t just a mining company. It is ground zero for the next global financial collapse. GGP is the Achilles heel of the entire Western economic system.

Everything comes back to one thing: physical gold. China has been quietly draining the global bullion market for years. While the West plays with ETFs and paper contracts, China has been taking delivery — real bars, real vaults, real metal. They’ve been paying for it through intermediaries, shipping it through places like Venezuela, Africa and Central Asia, and settling outside the dollar system. This is why COMEX and LBMA inventories keep mysteriously shrinking.

Now here’s the part no one wants to hear talk about. GGP’s Havieron project is one of the largest undeveloped gold deposits outside China’s control. That makes it a strategic asset. Not a stock — a geopolitical problem.

China needs physical gold to backstop its currency as it moves away from the dollar. The last thing Beijing wants is a Western-listed company sitting on a monster deposit that will feed the London bullion system for the next 30 years. So what do they do?

Macquarie publishes a hit piece to create “research cover”. Jane Street shorts GGP to suppress the share price. JPM and UBS flood the market with paper silver and gold to keep prices down while China hoovers up the physical. It’s financial warfare dressed up as market activity.

And this is where it all goes nuclear. UBS has a silver short so big it could wipe out Switzerland. JPM is hiding billions in trading losses trying to keep the lid on precious metals. The Swiss National Bank is on edge. The US Treasury is on edge. And China is quietly waiting for the paper market to crack.

GGP is the pressure point because once Havieron moves fully into production, that gold flows through Western markets. That breaks China’s plan to corner physical supply. So GGP must be kept down. The Havieron project must be delayed. The company must be destabilised.

Meanwhile GDX, the big mining ETF, is trapped. It has to buy millions of GGP shares as Greatland grows. Every time they rebalance, they push the price up. That drives more shorting, creating more pressure in the derivatives market. Which feeds back into the same banks that are already drowning in silver exposure.

This is why the system is so fragile.

One spark — silver breaking, gold revaluing, GGP re-rating — and the whole thing cascades. Paper markets fail. Shorts implode. Banks blow up. Currencies wobble. And China steps in with a gold-backed alternative while the West is still arguing about whether COMEX bars are “eligible” or “registered”.

People think the next crisis will come from property or tech or crypto. It won’t. It will come (Night Parrots permitting) from a gold miner in Australia that has exposed how fake the entire bullion market really is.

Greatland Reso