Member Info for StrummerJones

Fair points @Rover @Free.

Nothing is certain of course in mining. Especially in the current climate.... But having those 2 players with a vested interest to get the price up from £1.40 is agree positive. I struggle to exactly recall, but believe that in my BCN example the BOD there (whilst certainly outflanked), didn't have a similar safety net to work with.

Anyhow. As said the other day. £1.96 is me first target to get over that 1Mill share offer from an MM some years back that I ignored.....

Will then look through my fingers when at that point and ruminate on the future further....

Cheers.

It's just an opinion.
But I wonder if the example of Bacanora Lithium may repeat here.
That share was one of the first metals on AIM I invested in around 30p. There were more savvy early adopters in on it's BB from 15p odd I recall.
Had a very nice tidy and in demand resource. But gradually the UK based BOD got emasculated by a large predator ( Chinese in that case). Despite all the LTH picks of a SP in the multiple pounds potentially.... The weakened directors ended up letting it go for about 74p I recall.

So those in earliest got X4. People at my buy in level x2.5 etc. All very nice. But a long long way from the resource potential and hopes of many.

Not saying this is the same by any means.... Though the way JM has had to dilute and give up control may ring bells perhaps....

In my opinion & similar to BCN then. Those in at (New money averages) of 50p to £1 will do nicely still. At the current point of £1.40 there is still good money to be made certainly. Else I would have completely sold up by now tbh.

But talk of this surviving to £5-6 ..... Emmm my example may say otherwise perhaps?

Interested to still hold a decent core here and see how it pans. We shall see, and hope my fears are unfounded and JM manages to hold his end up ......

Seems likely that way AJ.

The late great Mr Lou Reed wrote a song for old Toby....

"He's never early, he's always late.... First thing you learn in life, is that you always have to wait...... I'm Waiting For my Man"...... :-s

Lol. Yep Wasa.

I am keen to see 199.6p..... or in our mind 9.98p.

Simply, as, if I have done the maths right, in the old days thats the best price I was ever offered on a test sell in one go of 1 Million old shares (50,000 now).

Get past that personal mile(mill !)stone, as I never accepted that sale..... Then nevermind Orion.... I will feel a bit more karma after 3 years odd in the share.... ATB.

Thank you for all the diverse inputs to my query.

As expected. Real dichotomy of views. Thought that DJ had left, but thanks, though not popular, interesting to hear his input.

All investing is a calculated gamble of course. My personal view has changed on AIM this last few years tbh.

Even the posters you read, consider and respect. They can be proved just plain wrong... No blame, but it's not a logical market.

So, from what I have seen. If GRL sorts out it's Comms and process. Plus it's recovery (key).... An investment at 4.7p odd can make good money.

But to me it's still, despite all the good stuff on low debt,
controlled cash burn. A wait and see.

Not a trader by nature. So a fast crash n then burn to 8p (say), doesn't appeal. No ability to pick that high am afraid....

Will look again then on some actually tangible results. Hope that's fair. After all, I already took a long shot on a turnaround Cu mine. That proved technically the right call no doubt But financially a mess. Seems here, may just be the reverse.... Until proved otherwise of course?

Cheers.

As if by magic the shopkeeper appears..... QED.

That's enough. Will leave this BB to types like this that get the snide support.

No need to post here anymore.

Yep I know you like very low debt profiles Wasa....

As you probably recall. My erstwhile Cu play has had some fantastic grades, nice improving turnaround volumes.... All as I expected.

But some rubbish debt management and incompetent financial directors. That's scuppered it for now. The resource quality may come to it's rescue. But with better financial control it would have ended up a tap in....

So yeah. We always learn, and your mantra on low monies owed and controlling the cash flow is something I need to pay more attention too. Hands up there!

Hi Wasa.
Thanks for the summary.

It did seem to have fallen from favour purely on the SP. But also the delivery side as you have outlined.

I think Gold is still a pretty decent place to be mid term in the world today. So keeping tabs on a few.

Sounds like GRL need a bit of luck and some stronger outputs and it may be a temp low?

Looking at a few other miner/explorers in commodity metals. I may be totally wrong. But just get the impression that things may be starting to turn a bit. After a very poor year.

Regards.

Hi Rover.

Can I ask when results are due please, and any expectations?

I have been keeping an eye on a few gold areas in light of that current macro. This is still one.

I too had a small amount (about 250,000) shares here a few years back. Price moved up from my 6p odd but in, to about 11p then. But have to admit I moved on then to what I saw as a strong Cu play for the longer term (don't ask.... Work in progress :-s ).

I wasn't surprised later to see this go to 14 odd. But since then it's really badly pulled back clearly. So maybe an opportunity still... Maybe?

I assume this one is partly the market malaise in this sector. But from scan reading a few recent posts also looks like the management here ( who tbh I was always a bit weary off rightly or wrongly?) Seem to have become if anything a bit more opaque - if I read it right?

Anyhow. Just interested if this one has what it takes, or if it's troubles are more self inflicted and the view is that this will continue?

Cheers.

Thanks @pea.
Interesting info on the balance sheet. Indeed.
Makes you wonder if the new CFO is setting up conditions for the refinance?

Let's see if the wider picture gets briefed out in 2022, or we wait on till next year....

Thanks.

@Car.

Nice idea. A small tip. When your time machine reaches around Xmas Eve 2020, with your position built.

When an MM offers you a Bid of 37.6p for a Million of your shares ......

Don't do what I did, and pause on the 15 second click and reject it. Believing that there is plenty more to run in 2021....

;-)

Hi Free.

Just reading the last RNS said. Forward Sale. Was unsure if there were subtle differences to a Hedge?

Not an expert on the subtle ways that this may differ. If you can clarify that's great.

Cheers.

@broker1

Of course your right. He isn't worth the effort.

He has clearly been a swing trader here. Nothing wrong with that. Invest longer term, or trade the ups and downs if you have that skill. NP with the latter. Can't do it myself, as always time it wrong tbh. But each to their own.

No. My issue is with duplicitous people. Of which Moon is a classic example. In real life I don't like them. So why should people be accepted on these boards for it?

Ergo: He spent a year when I was first invested here ramping the daylights out of this stock. Clearly building a position and looking to sell it off. He then spent a year de-ramping. Clearly looking to talk it down as low as possible and get a rinse n repeat.

Unfortunately the technical progress - the bit Brad is good at! Threw a bit of a spanner in Moon's works.... as the SP stabilised around the low 20s. With good prospects on the back of the mining turnaround progress to go north.

Moon then got lucky! Lucky that the aspect TB has been proven hopeless at bit us... The Zippo financial control. The SP crashed after that infamous RNS, and Moon, now with funds from his two faced actions previous can now boldly tell us that 3p is a good price, and to hell with the past investors.... No s*it Sherlock....!

Having seen his Chicken video. It's probably a good thing for him that this is virtual. As a 6ft 4 inch, 15stone ex Rugby centre. I would have to display a strong degree of self control if we do ever meet I fear. :-)

Anyhow, as said yesterday. Let's hope the pseudo hedging being announced is followed by the overall financial plan from the new CFO. Resourse is still good here I believe. But without proper management it maybe someone else that benefits. I hope not.
Cheers.

Nowt to say then Moon... Makes a change!
That's a shock, as my hopes for clarity and an answer to specific question weren't high....

Thanks for confirming exactly what you are.

So when asked direct questions. Questions you will have to answer to later..... Why ignore, if you are "honest"?

So go on:

How many do you hold?
What average?
What price, and when will this reopen. If, as you say it's in such great shape?
Will they raise, if so how much?

Prove you actually know things, don't just talk your book, and speak in general riddles.....

I dare you...

Fantastic Loon that those that got in at 3p, or.... "a bit higher" will do well....

Nice if those that bought in over the last 3 years at 20p, 30p or 40p should be equally treated by a CEO that has as much responsibility to them ....

As a one time Uber Ramper here at those levels a couple of years ago .......

You seem to have now cut them adrift.....

You really are a disengenuous individual .....

Given that nothing much will be sent out in Xmas week.
The fact that; following the finance RNS on 9/9. We have seen only a couple of perfunctory RNS pertaining to the financial issue progress at the end of October and on Nov 1st. Neither giving much if any useful information.

I would hope that after coming up to a full Q on from the first briefing. Share holders are by now due a more detailed progress update.

If we see nothing in the next 2 weeks. They it's mid January at the earliest. Which would make it 4 months on from that Killer RNS.

TB seems very unlikely now to fall on his sword one assumes. So he therefore very much owes those owning shares in his company an explanation of the status of his and the new CFOs plans I would suggest.... & soon, to my mind at least.

Regards.

I am chilled here Amtech.

You are vexed.... Daily and repeatedly....

If you don't like it, and you see no future... The door is always available. Take it.

To continue to whine daily is not doing your mental health any favours. Use your analytical skills to build elsewhere would be my advice.

No more from me..... As sure you will want the last word.... :-s

I hope and think Rover, that a 3.3 AVG will stand you well in years to come.

;-)

Yep, frustrating Rover. Relative newcomer. Only a year invested.

But am prepared to give them time. Wasa says he has spoken to MB, and he is committed. That's a decent recommend in my book. Plus current situation world wise is exceptional no doubt n don't help.

I have had great luck on AIM. Total s*it, and most all inbetween. But this one feels like a sleeper..... Quite literally.... :-s

Let's see. If you can park cash here for a couple years. Then it may work out well.

If you want a fast 10% this probably isn't your baby....

Am prepared to wait it out for now.