Member Info for StrummerJones

Reasonable points Prof, and I suppose as Posset says idall beer overall agree.

However. This company has had a poor track record of well thought out Comms, and Comms at the right time, as we all know...

Personally I would say that this RNS is a bit insensitive, given the SP and the trials of the average investor here over the last 12 months.

Produce some strong May figures, sees nice SP bump and then announce this... No one would bat an eyelid am sure.

Just a small new example of not thinking through the Comms again perhaps.

Anyhow. We all know that what matters here is a few flippin decent months of decent grades & output levels.

He archives that, and we will all be a lot happier.

Cheers

Never a dull moment with Ni..... That's certainly true.

The SP here though is however obdurate in its desire to not move up. Even of positive news as this morning's.

Really has become a long game here it seems. The days of FOMO forcing buying seem well behind it for now.

Back to bottom of draw and sleep here till production, nevermind first ground break it seems .... Zzzzzzz

Can't quite understand this RNS.

The implication is that these shares being dished out are in lieu of "cash bonuses".....

That implies that bonuses targets were hit?

With the SP where it is, with the production targets not proven yet..... We all hope that going forwards, yes that will look better..... But right now??

To get bonuses most ordinary employees have to exceed targets. That often in my experience in a lot of businesses doesn't seem to apply to the top guys....Emmm.

Personally I think they should have all the appropriate bonuses..... But only when the outlined Cu production rates are hit and sustained..... The SP should also be linked in IMO. Neither are there yet quite clearly!

Anyhow. I am sure the pumpers here will gloss over that. But this RNS is premature to me at least....

Be very interested how this goes now....

It's a viable call... But so many issues to date .... Can it deliver....

Hi Wasa.

Yes regards GGP. It was tbf a once in a lifetime(ish) share. But as of now, still being pumped at 11p, down from 38s....

It has a great resource. But weighed down by past expections, and aggressive "cult" like LTH who failed to sell near peak, as they should.... so now speek to pump x20 at x20 posts a day.....

Here not the same, clearly. But need to take a breath, as strikes me to needs frim action plan. If get to that,0with it's strong assets. Thrnjts got legs. If not ...

Nice post @clueloss....

Let's hope that the tick ups realise the "jest" in such a post ... ;-)

Hi again Lethal :-)

I have been watching this for a while tbh.

I had a small 240k shares here at late 6s some time back. I have to admit I very rarely trade. But did sell at 11s, as had a feeling the Mgmt here were being a bit "opaque" back then....

Then watched it climb to 14s, and assumed it was about to take off, and that I was wrong. But see now it's at 8s ?

Hard to know what to make of it. Gold in the current env, if efficiently mined out should be in a strong position one has to say. The slightly dubious location notwithstanding. Yet this hasn't really sustained its previous momentum for whatever reason...

It's still of interest to me. After all having held 7.7 M GGP @3.58 I can see where gold fever can take a share, that overblown 38p etc ;-)...

But equally, & as with that share. It can fall a long long way on the unwary if over bought ( in that case), or not quite as it's projected (here perhaps?).

I am sure the wise on here can confirm if it's got legs again & despite the falls? But much more drop and I may invest again here in the current macro climate perhaps?

Cheers.

Thanks to people for the views.

I sum it up as:

Is mid 3s likely to be an excellent add price longish term... Yes agree - more or less why I had been buying in 4s then 3s, then 4s again, as per my overall average. Tick there.

Is ACP going to be immune to the usual AIM sell on news crowd...... Nope IMO. Desperate market times will make the 15%ers even more prevelant I have no doubt. So it's quite possible IMO that this will go up and down. Even with decent news, and there will be chance to add even if news starts to flow.

So the above is why I have a little pause for thought as I look also at the general market weakness, plus other equally tempting options.... I don't doubt or disagree with those that see this with excellent potential several years on. But as Lethal says, and its well bourne out all over. Day traders will have their pound of flesh. No share is immune.

Still thinking on it thus, as tbf every BB will tell you they are way undervalued, and the price manipulated, blah blah. It's not got to that quite yet here. But it will I don't doubt.

Cheers for the inputs. If anyone knew for sure they wouldn't be in penny shares, but rather on the beach I guess.... ;-)

Open question. How much is worth tieing up in a share like this, given its known Comms issues?

I know the likes of Wasa will buy very large and probably continue to do so. As I saw the pattern talking to him on HZM etc.

But with all due respect to his analysis. He is clearly an exception on AIM generally.

Personally I am at a little crossroads on this one. I have built, for me a mid sized holding of 4.283 M at, & when I started to buy, what I would have seen as a decent average of 4.15p.

But I am currently leaving it there for now to see how things pan out a while.... On the plus side, seems to me to be a great resourse, that will likely be in strong demand. The logistics of extraction technically don't seem too bad at all. The company has strong executive buy in etc, & that's encouraging of course.

But against that. It's not in the greatest locale, it churns real slow at very best therfore....this is the traders delight that is AIM, the flow of updates is pretty nonexistent, and we are entering a general Bear situation both stock and world wide that will have some impact you have to acknowledge...

It's a tough one. As alongside a very few others I still see this as a very likely runner. But that's the question I guess. When does prudence overturn optimism etc...

Just be interested in views. I am very tempted still, now this is again in mid 3s to further add & average down....

However, for now my market suspicions are winning out... I guess a few others in same boat.

Do I have this one right or wrong... ;-)

Cheers.

In any other walk of life, a top senior spending a paltry £11k on shares in a company they are heavily engaged with would be in receipt of a tongue in cheek comment along the lines of the fact he had a few quid left from a fine dinner he had the other night ;-)

I just assumed that the first posts on it were just that. Mild amusement.

But the way bb's are it seems incredulously £11k is a major signal...... Or made to be by some...and in fact it's not treated as the regulatory briefing he has to put out and nowt more....

There are some desperate types that post on these boards sadly. Which is why you should never take anyone at face value.

This will do well, but really, there are quite a few of us that own in excess of TB's whole holding. So what?

Everything Troaj says seems about right as usual, I would say ..

The only thing I don't do is pull money out as cash. Maybe I should....!?

What I have been considering though is selling off for now a few other shares, where I think the benefits should be longer term... E.g ones that even if all goes well won't deliver till (say) 2025+ odd.

& Then putting more then into potentially faster turnarounds, now at very low prices, like here, and a.n. others I hold, & that could bounce quicker I feel.

I am only musing on it, as the danger of that is of course chasing money around you are semi panicked into it, and will possibly make the wrong calls...

It's very tricky. As I think later buying back into my longer term shares will cost a lot more as well.

For now I hold a decent chunk here (925k) tbh. Would like a few more. But if not so be it.

At risk of boring even myself ..... I wanna see the Cu salable volumes for the next 5 months. I think there is a good chance they can deliver some strong numbers. If not .. then I will re-evaluate.

The s**t SP is what it is agreed. But to me it's largely that the world isnt doing well as we all know. If all my other shares were rosey and this pants .... Different story. But everything is down. So I give the SP more rope ....

Cheers.

Hi Apro.

For me, by my self imposed review point. So end of Q3.

I want to see the production of saleable copper month on month sustained for several months at the promised levels to hit the target endgame that they have committed to the market.

Making strong profit strides as a result alongside that & light of the current Cu price.

I think that they have the opportunity now, with the next 5 months - May to September, to report the above & that will give everyone confidence it can and is being done

To-date it's not happened (for some understandable reasons maybe). But it needs to start, and start directly.

Just my opinion.

Regards.

Hi Lethal.

For my sins, I still like the resource here. Still see the turnaround job as a work in progress, & that even if two forward & one back sonetimes ... That it's gradually getting there.

So still intend to hold here, all being equal for the management to prove itself further by my review deadline as stated.

The only thing that's changed for me is (and like all reasnoble people one would hope).... A fear that the macro economic issues that are way outside of this CEOs influence .... Will have more than a usual say?

But anyhow. That's always a risk, above and beyond the usual company ones. So I don't dwell on that side, as he or I can't influence it. But it is in the back of everyone's minds if they are honest...

Just my thoughts.

Good luck.

Sorry, typo... "What was going on on Tuesday on this BB"...

@Rhodi

This share really needs something concrete to move the price up sustainably we all agree. It would be great if one of these prospects finally does that. But the posting technigue yesterday from one individual was either very very wishful thinking...... Or cynical multiple attempts (19 posts in a day.....!) by a frankly known trader with history... to simply PnD the new or inexperienced here.

Everyone can decide which....But if you have been around this one a good length of time you have seen it before and frankly it rankles...

WSG has his own views. That's up to him. But that is separate from what what was going on for most of Monday on this BB tbh...

19 posts in a single day by a returned & and well known ramping trader.... Just check his history.... Anyone post that my h that's not a day trade..... Emmmm think not!

Most of the posts on here today are A1 exhibits of why you should never take on face value anyone's "opinions".

This latest metal find is highlighted, even by the always opaque DP, as highly speculative, and in no way yet worthy of a JORC....

But to those buying now at 0.47p matters not if even marginally viable, and even if years away to dig out ..... It's a simple PnD to a 30% smash, grab n run.... Been here a while.... We know the routine chum.

Do these people think that some of us have the recall of a goldfish, or just got off the boat?

It would be laughable if it wasn't so pathetic...

Some seem to think that this share is an Island ?

Have some people not seen the rest of the market today....

There is a real bear feel about for numerous reasons, we all should be aware of. None of them in RMM direct control.

Add that to the fact that today's RNS is still a stepping stone one, that with the crusher issues earlier and the power outage work was never going to be the full run at it...yet...

Then too, the maybe understandably perhaps nervy will cause the price to drop, here but elsewhere too...

As a few of us have said, a few times.... let's see several months of output at the processing levels they are aiming at, and see the how much Cu they can pull out before the deep despair is needed.

That's my approach anyhow. I am not panicked at the moment. Come another full Q down the line, and macro economy withstanding.... Then, if they are still not in the right ball park of production. I think people can rightly be concerned.

Till then it's sit on hands, or add if you believe in the resourse IMO.

If you want to sell out also, that's fine. But if you do you won't be alone. As many other shares are similarly being hit today from what I can see, this isn't just an RMM thing.

Anyhow. You pays your money and takes your choice.

I am holding. But maybe I am foolish. Time will tell...

As someone succinctly commented on the ADFN BB...

"Getting there".....

But as we all knew/know.... It's not there yet. Still happy that by end of Q3 it will be in a more representative place.

In the meantime. Likely further buying ops for those under weight one suspects.

Hi @GGG.

So out of interest. What's you exit point, time wise, and or price this time?

With 750k @28.5, and having honestly said you traded out previously. You are setup very well for a 230k plus profit if it hits .6p again. Or a significant amount more (with risk), on a longer hold of course.

Conversely, if it does hit it's past high, and the likes of you, and me.... 925k @35.9. both sell, and am sure many others similarly....

Likely it will tank the price - short term at least...

My strategy though has been.... Review end of Q3. Prefer to hold for £1 plus, if it looks on the cards. Big if, but quite possible now one feels...

But, as a self confessed trader (nothing wrong in that), and assuming the next 5 months proves out well.....

What's your aim, if you don't mind me asking on behalf of the bb?

Cheers.

...it seems, with my post the other day regarding "good accumulation opportunities at just above 4p....

Seems like sellers back in now, and now high 3s are available then to buy up if required again... ;-s

What ever the arguments on potential, resourse, or lack of debt here etc.

You can't say that the CEOs strategy isn't really giving us small fry ample opportunity to get a decent foothold here.....

Can imagine though, the slightly furrowed brows of a few of the really LTHs...

Good luck to them especially. Must be a bit frustrating to say the least...