Member Info for StrummerJones

Hi OM.

I wasn't going to post anymore, as had said what I felt etc.

But something you mentioned in your short response intrigued me.

You seem to be saying that in short order the next significant SP change will be a rerate, not the usual sold into spike and return. That the catalyst will be these cores below 500m seeking out the Ore body. If I read this correctly?

OK. So let's assume they have gone through the top cover to these depths and beyond and find it. Assume that, as I have said in the past they get multiple strong widths, grades and good intersects etc.

Now to be fair one thing I did hope for, even as a non mining engineer, was relatively shallow depths to allow for an Open Pit setup ultimately.

So correct me by all means. But if they chase this down to the significant Ore at 500+ depths. Are we not talking about a different scale of extraction needed? I know that GGP are very happy at these depths and more, as they have Newcrest on board with strong block caving expertise etc

But those methods of extraction are technically complex and expensive are they not?

Which alludes to my question....

Finding a good resourse is hard enough. But scoping and financing how to exploit it is where most juniors fall flat, even if they get a good one.

I mentioned all this in my post talking about, what then... So JV, sell the asset, fund raise, dilute or loans to mine it yourself etc.

To get a rerate that holds and isn't sold into, rinse and repeat I hope we agree buying pressure is needed to override the day traders (again something I mentioned before).

Surely to get that buying pressure and a re rate rather than a spike next up we need a saleable business plan. A proper commercial proposition. Something people, instos,funds whoever will buy into?

So I hadn't expected that to come for some time. Mainly as until that geology is scoped for an MRE etc. Until we know the depths etc. How can we know the method and cost or even viability of extraction.

Sounds to me that you understand this, as you are saying rerate next and quickly... So be interested if you can explain how buyers will be convinced, even with strong drill cores. When we haven't got to the stage of the extraction plan/method. How its done, who does it, how it costs in. If at all etc.

If all that's been published and planned in then I certainly missed it.

Just something that is a logical follow up after what you say will happen that maybe most on this bb understood. But it puzzled me?

Cheers.

Hi Oiltrap.

Thank you for that response. Very valid points. Though I feel the comms regarding the Stope issues and some of the financing have left a bit to be desired perhaps?

The reason I was thinking on Tobys situation was simply that having been invested in GGP. The model of an excellent investor communicating CEO (Heddle), who also was very much from a finance background to deal with Newcrest etc. Working alongside a strong Head Geologist (Baxter). Really seemed to work, and covered all bases well.
The SP there was of course underpined by the Haverion discovery blah blah. But until Heddle announced he was moving on they didn't ever seem to drop the ball in that format.

Was just a thought musing on some of the issues we have had here with Toby seemingly covering a lot of ground.

Maybe I am barking up the wrong tree.

Rgrds.

.....

Please don't misunderstand this post title.

As hopefully most aware I really like RMM. Have committed a decent amount of funds here, and aim to see where we are in a year. The resourses are excellent. The potential, assuming Cu continues to be in demand, strong.

I think on the technicals Toby has the game covered. But (and its a question). Should he delegate, or have specific people looking after the monies and market comms...

If this was slicker and better run. The Stope issue may have been better handled. Also the raises and finance ups and downs that are still ongoing & running to the wire may perhaps also have been done better and done n dusted by now ...?

I worked in corperations where a great techie was sometimes assumed to also be able to be a great manager. That wasn't very often true in my experience...

Just something that's an itch af the back of my mind, as we wait on the financial resolves to back up the very nice technical RNS the other day. Be interested in people's open views.

Cheers.

I agree Tayfour.

As I said in my post on this thread a few days ago. As an ex holder of BCN I fully expect a high number of current holders there to be spitting feathers at what Ganfeng are doing with that takeover. It's very poor value for Joe Public given the resourses they have. But as said as well. One reason I exited there was personly I didn't see the management putting up much of a fight... and looks like they didn't.

Very much hope JM has learnt and will make better provisions here when finance done & if suitors come knocking later?

Cheers.

HI OM.

Glad that there is lots of confident people here. As said I hold 2 million reasons to want it to amount to more than its been.

Also if you read my post. As outlined I hold a few, what I saw or see as decent metal shares that have done, or I think will do well - all with strong resourses proven (and growing). Sure some have issues. But that's expected - It's mining. But the goods are there was my point, and independently multi time proven.

I try and be realistic not pump or deramp. Call it as I see it needs calling amongst the froth... Good or bad. But be aware I have invested mainly on main markets since 1984. So I didn't just get off the boat my friend....

Be nice, absoluty, for this past traders delight to join the other 3 I also hold on AIM with good mid term expectations . But that needs time and properly drilled and intersected grades, depths and widths etc. Then a strategy to market and exploit... JV, sale, more dilutions...whatever. Its not all plain sailing as some here would have you believe.

I said I was cautiously optimistic on the Cu. But want to see proper drilling and sustainable lift if there proves now a marketable resourse. Not interested in hype.

This company has taken about 5.8 Million quid I believe in placings and so on under DP, for a still unstainable 1p or less spike n return SP. You surely see why people might be a little skeptical who hold for a while. Needs a bit more than bb pumping each day to be convinced if you know the track record of the share.

Let's all hush a bit then as I have said... and see how the lab results pan out. Then how the market reacts, that frankly to date here has been only of use to traders.

I choose here and elsewhere to invest for better or worse. My weakness I know. But some you win that way...

I also have work to do, so don't have time for all day debates like others. Have said my piece, and will check the SP here in a couple of months and will assess progress, as I do with the other shares waiting on news.

Cheers.

Yes. There is something to be learned perhaps from BCN.

Just before I got into HZM in mid to late 2019 I held 103,000 BCN. At an avg around 35p (from memory). That share had been up and down, but with decent Li reserves was my first non Goldie punt on future green metals. But the more I looked at that management..... The more I liked HZMs Ni alternative, and sold up and came here.

That's not to say that they didn't have good resource. They did. But as someone said, they seemed to be always behind the curve management wise somehow... I followed it a bit out of interest, and after a fall in SP it jumped to mid 50s I recall on takeover from Ganfeng incoming. This hacked off many as this was a steal literally... I see SP now is in the mid 60p's. A marginally improved offer I assume that will be pushed through (?)...But still pretty insulting to LTHs there I would suggest.

There is a warning here for us. Takeouts like that may be railroaded through, and give you nothing like fair value even short, nevermind mid or long term....

Didn't connect JM with that one. Though it's reported here.... in that case Poacher, Game Keeper.... he knows what to watch out for here hopefully.... hopefully!

Rgrds.

Hi MMA.

Both you and Metalhead speak a lot of sense.

A couple of things though:

It's not just 1p area. ROCK will be traded big time on any rise to 2p+. Its what happens here. See the history. What will override that is ENOUGH buying power alongside that & convinced this time the Cu will be a viable commercial resourse. That buying, or lack of it, has, along with the day traders and PnD types done for the SP to date...

That's why we need good and current cores, and this full picture may take some months... if you look at the oft quoted GGP. They had months of lab delays on Scally cores. Due to Lab overload. So may be best to expect some of that here also. Further to this, they need more than a few holes to scope this. Its going to take time.

As to me being negative and WI positive. I actually share a cautious optimism on the Cu. However my issue is that he speaks like all is proven. This is the new GGP... blah blah.

He also does it daily, repeating round ( or did before I got fed up and Green boxed him) and round the same old, same old.

As said previously. If all was proven. Why the tiny mcap, and why do we need to drill.... the answer is the market won't see it until that's done now... not from 1972 or a few magnetic surveys!

He says he's a very successful investor. He says he likes to share his info... but anyone here or on any AIM bb heard that before... As far as I know he's a lovely chap, and out of the kindness of his heart daily re hashes the "data" for us. That's as maybe.

But personally.... and I think Mr Market currently agrees. We need more than a 50 year old survey and some metal chips to convince us that it's suddenly the real deal.

If you check my posts I have 4 AIM shares, here, RMM (a real proven large Cu resourse, that needs straightening out for sure, but I am positive on on balance), HZM... with X2 proven tier 1 Ni mines! That need the last jigsaw of long awaited finance to exploit... So positive there again... as the resourses are huge. Plus GGP since 1.6p in mid 2019... So I know a little about positivity there. Certainly in the big run up to end of 2020 where I held 7.7 million shares at avg of 3.6p...

So being cast as negative is a bit unfair. A pragmatist perhaps.

What you will though see in all the other 3 shares, regardless of technical or finance issues is that strong proven resourse...

That is key in my eyes. And though not a great fan of DP in the past. If he's gonna prove that here properly for these 2 Cu setups.. Great!

Then that's bang on what's needed.

But I want to hear it from independent modern labs. Not pumped daily off a bb to be frank.

Cheers.

Metalhead.

IMO you are wise to query some of the daily "enthusiasts".

I see via the ongoing Green Coffins that the pump each day repeats still then.

We await (and as stated its going to take likely several months with lab delays for full n worthwhile results), the uptodate cores. These independent Cu %ages, depths and strike widths are all that matter and will set out the future here.

Quite inappropriate (at this stage) attempts to intertwine ROCK with GGP and Havieron you noted....

Fyi that's looking like a 12-15 Moz Au setup, with an established JV with a world major, 18 plus positive drill RNS's formally released, and already many many 1000s of meters of assessed drill results etc, etc....

So comparing right now to that lot to here...is showing up the pumping for what it is frankly.

I would also be wary of the 2p plus coming shortly brigades. One poster on here on 13 Aug said 2p plus in a fortnight, and continues to pump. We'll it's now 12 days on and SP slumbers at 1p... Enough said really...

If a few people here show patience the lab results by hopefully November will give a sensible picture open to proper technical and financial potential review. Till then just beware the 20%ers is the experience of the history here.

Back to sleep on this one for a while and watching no doubt the Green Coffins pile up early morn till something worth reviewing.

These are strong grade and intersect extensions most certainly, and very welcome. They show the technical go fowards we progressively look for from the management is ongoing IMO.

The introduction of more stopes over the next few months will give welcome resilience also hopefully, and they have already stated this is factored in to the plans.

That ore sorter would be great also. But think I recall that won't come till 2022?

Alongside that the proper loan financing sign off will be the biggest non technical boost near term of course.

The price will I am sure dodge about as it will before then. Day traders will take their monies as ever.. But once these latter technicals, and especially the finance agreement are in place, so as to compliment the clearly already strong resources. Then I think there is going to really be the platform to get this back on the road for a real uplift early next year.

Cheers.

Hi Lethal.

As said all along.

My investment here is for review mid 2022. By then we will see where the company is. Where Cu prices are at etc.

I have no interest in the likely vitriol of the Green Coffin brigade. I am sure that they will be revelling in it all... but I can't see them. As ever they have agendas, but I am not interested in indulging them.

My investments in AIM are split over 4 shares fundinmentally. As one goes up one may go down. In all cases I plan review points. None are up presently. Though HZM will be the first once the much awaited finance kinds there. But I anticipate that will be an excellent earner mid term, so it's going to be a likely continued hold. Similarly here when all the finances catch up with the assests I see the resourses as still very valuable personally.

Also as stated my next real funds arrive only mid Nov. If this is still low will likely add some here. For now have added a small amount available to make my holding up to a round figure. 530,000.

You either ride out these things, if you believe in the asset or you don't, is just my approach.

This is small beer compared to the amount I had in my 1.6p to 38p and down to 16p ride on GGP. So try and take it all in my stride.

Good luck to all investors.

Thanks for sharing that all (yet again!) WI.

A few of us will hold and wait for the uptodate lab results if it's all the same to you though...

Meantime you keep firing out the message. It's a free bb and I guess it will help bring some on board or encourage tick ups from those with short memory retentions.

But I am going to filter you. Not because I hope you are wrong. Far from it, I have 2 Million reasons to hope this finally goes somewhere.

But rather that I like to think that having read your rhetoric 1,2, 10 or now 30 times now.... I get the message, but it's repetition is getting boring chum!

Atb.

Sure WI.

Fully understand that there are 2 Cu plays here that need drilling if ROCK is serious now. After circa £5.8 million on placings raised since the CEO took over 3 years ago, and has all told produced such poor or sustained investor growth. They should now be very serious...

So yes if hes now looking to work off the potentqil green metals boom...that's great.

But how many times do we need to say.. stop regurgitating stuff and please wait for the cores. You constantly state you can wait 2 or 3 months. Then please do so!

Else you endanger yourself to be classed with all the past "talk it up, then sell on any spike" types we have seen so many of.

On a BB it is impossible to tell peoples motives, and you may well be very genuine. But you must understand that a few of us have seen this pattern before, and are wary here.

Atb

So chill n wait my friend. No need to keep doing the day pump...

Come on Wasa....

Your gonna buy 1/4 of 1.3 Mill acres when we hit £1 a share....

Wot the 'ell will you do wiv 300,000 acres when you are used to a semi 2 up 2 down, with an out door privy and then living in a motor home on a drive....!

Get real man... you Geordies!

CT - another green friend looking out for us all then...

Makes the proud point he is a PRO investor. Makes also the superior point he also only has a trifling 1% of his Port Folio in here....

Then spends all day, and several posts on previous days kindly educating us that this ain't any good boys.

As a pro, not sure that's a good usage of time on such a small volume & so trivial investment....

Time is money surely - as a PRO?

3 Stooges was my name for the collection of similarly agended types. Looks like Green x4 now.

Filtering, as I think I get your message CT.

My small PF is geared as said to mid 2022. Will see how the Cu is then cheers.

Hi GBPlums.

A few old timers still here then that know how this has always (been) worked ...

Have had a number of conversations with WiseInvestor etc recently, outlining the wearyness due to the history of P&D crews here. The repetition of data designed to pull people in, & the 20%ers claiming they are all here till 4p hell or High Water .. but all gone at 1.6p etc.

I personally hope we find even 1% Cu, at say multiple 100m interects, and critically not that deep (maybe <250m).

Such current (not 50 year old) data, hopefully may well then start some proper investors sitting up perhaps (JV or buy out of one or both assests etc).

But till then... the RNS just gone tells us we are drilling, not much more. So fine. Let's hold on & see those cores as said to WI..

Probably a couple of months realistically to get sensible and volume core drills out of independent labs (if anything like the delays elsewhere in Oz currently).

At which point the drill bit, & then the market will out the true value, one way or the other.

Some though it seems, & even if self proclaimed as not 20%ers will still rehash the old cut n pastes as you say every other day.

No skin off my nose. But I personally prefer to see what those labs come up with after so mny false dawns here.

Atb.

Fair points made on the relative popularity of Au v Ni.

In a small manner I guess that's indicated by the number of posts on this bb versus some of the AIM Goldies.

Perhaps as FS says, being under the radar is to our mid to longer term advantage.

Can't really remember how I stumbled on this one. Think it was mentioned on BCN bb as worth looking af investigation in early 2019. At the time I was looking at GGP as an interesting alternative to the main markets. Plus BCN, as then saw Li as a possible investment with the though of green Cars coming etc. I looked at HZM and liked the resourse size etc etc...

Oh well. I have been happy here, still hold a decent amount as said. If others choose to not look in this direction that's up to them I guess.

If the deal gets done, and an uplift starts (II or otherwise). One thing to NOT look foward to is the bb ending up being trolled by vested interests and nutters. As a couple of my other AIM shares certainly have been ! The isolated spats with the likes of ST will become far more prevalent I fear...

I find this place 98% of the time one for learning and reasoned discourse.... get popular and make no mistake that will change sadly....

Anyhow good luck all & still over to you JM. Do your best by end of next month mate..

Wasa.

Take your point RE, mid term the "Institutions", and for now their usual AIM constraints.

But still remain puzzled by the fact that, if all we believe on these future prospects is still true....

Why, right now, demonstrably there is so little private interest still, especially this close to a game changing finance lift off. Also & especially at this "bargain price"...

When GGP found strong Gold cores at Havierion... Public interest circa Xmas 2019 largely created that 2020 Tsunami... 1.6 to 37p etc.

But here. Despite a similarly, or even better scoped Tier 1 l setup.... we slumber even now...

Maybe JM has no interest, or indeed need in creating a PI ground swell as you seem to imply. Perhaps he has instos lined up at just this price, and that's his preferred way of moving it fowards.

But notwithstanding, it still seems odd to me that more normal investors dont see this as the opportunity we have invested in.

Strange one....

Cheers.

Your a "card" COASTLINER.... again a nice one my friend.... you add a we'll needed humour to the infested board....

SP seems to have somewhat stabilised. Famous last ... I know. But interested now to see the nest actual news (technical). Plus the hopefully finance loan sign off (Aug 31st ish).

Too many Green Coffins today... but as reasoned folks have said. Cu still here & lots of it.... proven. So come mid 2022. If this is still 24p... 3 Stooges can take a bow..... until then ignor(amouses)...

If you can wait a while.... they lets see 16/08/22 for progress review!

Cheers.

Yeah.... volumes really so back up the fact that FOMO .... is missing out....

Dull and puzzling to me if the asset is going to take off as we all think... it's all very well us fully loaded types banging on about the mid term worth. But Joe Public isn't buying it (literally) presently....??

As to that Lukey character.... well mate a conspiracy attempt is just that... an attempt to liven this snooze fest share.... We can't all post daily cut n pastes on EV and stainless steel needs. Some of us have to make stuff up to keep us awake ... :-)

Come on JM so good, bad or indifferently...let's be 'avin you son...!

The way the share is bumbling along.... is 6.5p or thereabouts the magic number....! ;-)