Member Info for StrummerJones

Cheers sas.

Of a similar mind. With price as is, not going to be the price that we may have hoped for agreed perhaps.

But getting bored of it now. Let's get it done. Build the mine, and look to the assets and not hand wring the price that unlocks them is also my view.

Rgrds.

Interesting Bwana.

So no issues picking up a single 190k chunk... not NT.

Assume that with our endless seller (really a PI....? As postulated before... if so a very large one).. is allowing the market to feed us plenty still then....

Rgrds.

Out of interest anyone know what largish buying liquidity on the open market is like?

E.G. what I am wondering is; as the price is falling one assumes (perhaps naively...), that the MMs are trying to stimulate a market and incentivise buyers. So they have stock available to us (Yes or No), or is it going to NT....

So can you buy decent chunks at this reduced price... is it real?

About 3 weeks ago I added 565,000 shares around 6.52 and 6 58p.

I did this in only two buys with no NT.. So then at least they had stock, and these prices were just about under the respective Asks at the time. So fair play.

But now, so are they letting Joe Public in to buy similarly under the 6 consistently now I did wonder?

Just interested to know if its all being played fair n above board at the higher buying volumes for us ordinary punters today?

Cheers.

..... ignore the trolls. The disingenuous and small minded.

Consider only now if you see a future for these proven large Cu reserves. The mid term recovery plan and the management end game.

Further to this, do the delays still fit your personal needs and exit plan.

If, and despite the current SP fall. You can see beyond the day to day price, and still have faith in the 4 areas above (and accept the way issues will inevitably arise in mining).

Then may I suggest you hold. Or use this opportunity to add if you have or will have funds.

If the areas above are not for you, the ups and downs of practical mining, and in this case investing mean you can't be happy with a recovery share like this. Then that's absolutely understood. Join a few others and sell up and move on. No Shame in reversing a past investment idea. 100%

Been investing for 37 years now, and that's just how I boil it down here, rightly or wrongly. But do make your own call.

IMO there are half a dozen knowledgeable posters on here that provide a balanced and mid to longer term view. They accept the ups and downs, but don't dwell on them, and try and look past this week and month.

You can listen to them, but ultimately, if the likes of Cornish etc project a view that you think is not going to come to pass. I am sure they will respect you doubts, and so just move on.

The trolls - and there are now 3 prominant ones to my mind monopolising this BB, clearly have an agenda. But that's up to them.

If you are a strong enough type, you can read them. Smile, and continue with your own path. If you fear you will be influenced unduly by their methods and a currently falling price, but still wish to stay invested....

Just use the filter option. They are here to frighten you.
They don't scare me. It's my investment and responsibility of success or fail is mine and mine alone.

But if they trouble you, zap them.

Good luck &
Cheers.

Logged in to see what occurred...It was clear in lead up that FOMO very much went missing this time it seemed....

The usual buy on rumour, sell on news not playing here yesterday. So todays action will be mildly interesting I suppose. But not expecting much.

As results were fine, but nothing really new (they are always fine at H). Then probably the market saw it right I expect, and the SP will continue on in this 18-21p channel until upgraded MREs and/or PFS as sensible people say.

It's the way it is now. Huge buying pressure that catapulted this to crazy levels in 2020 isn't there now.

Either bottom draw again, and review end of year / into 2022. Or add if you think this will get back to 38p or more mid to long term, and see no better other options.

Or look for a spike, and if you have any better options & need money for them slice some I guess.

Not much to see here day to day until major news.

Probably why many LTH only read here on news now. I know I take that approach. Hundreds of posts daily round in circles really only for those with plenty of time on hands, and those that enjoy arguments sadly.

Didn't they have a post Specials song "The Lunatics have taken over the Asylum"?

Very much how this bb read last night. Two confused, almost Yin Yang characters talking at, but not too each other.... seemingly taking differing views on this share....

But interestingly both posting in a similarly disjointed style.

It almost read like the SAME person talking to their inner demons...

Most odd.

Anyhow, as many have said, and DJ reiterated. Let this one play out, and see where we are in 2022 after time to produce a bit of progress after a few knock backs. They have funds arranged, & it's a middle distance race this one now. Not a 50m dash!

Or

If you can't take the volatility sell up. It's a pretty simple binary choice. Both last nights hand ringers perhaps should take the latter course for the sake of both their (and likely our) Sanity...

Cheers.

Cheers Wasa & Zebbo.

I think your about right. On AIM traders will have their pound of flesh once situation clarifies & into any lift. Pretty sure that will go on.

Mid term though if the institutions don't sell. Us PIs with multiple millions of shares hold on, and assuming we don't see a global financial meltdown :-(

Then I can only see price going up with these assets. I have more funds coming November time. Targeting some more to here and RMM, if one or both still slumbering... think RMM may still be, but here is harder to call....?

Mind you thats logic and this is crazy AIM of course .....

Anyhow guess that will all become clear, but first we need to see..... we all know what!

Cheers.

Hi Wasa.

I do agree. Think in all probability a deal is forthcoming.

But out of interest. Let's say price is, as now and range bound at, say. 6.6p....

7am RNS announcing the deal next day...

So what's the open price, and more pertinently the close price on that day.... Will we see a fast rise, sold into. A slow burn... or no real impact until bricks slide into place?

I fear a rise, but sell off, but not sure...Though bearing in mind we have been up to 10.1p just on expectation....?

What's your view on the open, close and end of post finance week one prices....

Cheers.
SJ.

https://www.youtube.com/watch?v=0akBdQa55b4

Above link, hope it works. Posted by a savy guy on another board. Made me laugh outloud :-)

Starts off all serious. Then the super hero tells it straight ...
Do watch to end, as it does reduce all pro & anti arguments to perhaps a fun n simple view...

Made me smile in the Sunshine with a beer this afternoon...

Cheers n may just be a simple
a mantra for GGP?

You have to think that with the declared activity on the ground, that some agreement on the finance package isn't a million miles away - assuming a takeout isn't being considered in tandem?

It's slow for the price at the moment. But I personally am not one who generally buys the hoary old argument put fowards on so many share bb's... E.G. that's its the evil MMs manipulating and holding down the price....

Generally think that's tosh, and it's buying pressure that will lift any malaise.

Much sure would be easy to put this 6.4 - 6.7 stagnation down to the dark forces. To me its more to do with just that - not enough buyers, as many still waiting to see the details of the package.

But that's just my take, and may well be wrong?

Assuming it's positive I am more interested in where the price goes next. I have always seen this as a hold for better days. But as outlined before still have a nagging thought that if finance does give an upward lift, its going to be bought into. Its the AIM way it seems to me...

As to if that matters, we'll depends if you intend to slice for other opps, hold whatever, or simply would prefer a sustained steady riser rather than a rollacoaster.

It's going to be interesting for sure....But first up we need the confirmation that the money ducks are actually lined up. So take your time, but do it right JM is all I ask.

Here's to hoping that we pan out as per that obscure, but rather good 1980s indy track from The Danse Society...

"The Waiting Is Hell....., But Heaven Is Waiting!"....

Cheers.

Fair enough Monkey.

It's mining & s*it happens. Also I never believe everything a BOD says in totality.... from any AIM setup!

But on balance many of us thought that; if it rides more or less in the right direction through 2021. By 2022 we will likely see some rewards.

Still think that's a decent bet personally. So am staying on board.

Gtmufo In his way is, I think also, saying that it's got legs. But we know it's going to definitely take more time now. So constantly harping on the 23p short term message just got my goat a bit...

Cheers.

Gtmufo.

A lot of us said at the start of the year that this one will need time for the BOD to turn round promising, but in greatbneed of some TLC resources.

The fast upward movement to 60p+ from 32p was a good filip, fir sure, and attracted interest and buying in etc. But when it retraced it was unpleasant, but really not completely unexpected.

As said before. To me this is a hold or add until mid 2022 to give time for the company to turn production round.

Buying on the way up and down was one strategy to average out. Just in case it never came back to here etc. But for those with funds now or coming. I only see the sub 30p price as a further good buying opportunity.

I have funds coming around November, and if this still languishes, but strategy seems sensible some more will come here.

Indeed, despite your negative short term prognosis, that you seem to regularly put forward. I assume that you agree largely. Since didn't you say a short while ago you topped up further.... Seem to recall when price was round or just under 30p ?

If so, and your charts have said 23p odd for a while. Why not wait till then I did wonder? I can only assume you are also applying some kind of "Cost Pound Averaging". As a few of us have done & outlined above, in case a string RNS baulks your downward trend theory shorter term...

I have no real issue with your pointing out the difficulties here, ramping is as tedious as de ramping in my mind. Or indeed in your view it's got more to fall before it goes up.

But as you have said your piece. Why not leave it now and come back once the company has had chance to either right this ship, or not, as the case maybe...

The constant harping on about the same points daily is not really needed. If people are researched they know its not a quick flip don't they.... As said my review points are end of this year... How's it going.... mid 2022... has it got there, or at least made good progress to it.... and then look to decide to hold further or not.

Maybe you should do similar for now, and apply your understanding to other areas for to avoid the constantly negative repetition?

Just a view my friend...

Cheers.

Good post Viking.

I get the impression that regardless of the reasons or conspiracy theorys for the 50% drop.

That many now see a decent future for either their recently aquired, though under water for now still holding. Or even also for those that held on with some on low avgs for some years.

Don't read this BB as much now as find the bunnfight a bit tedious. But just few days of scanning seem more objective, less army bargy? Positive bent, as you expect on a supporting forum. But a bit more realistic without the wind up merchants?

Hold 2.15 Mill still at 4.11 Avg. Did fine by slicing for kids, other ops etc, as I did. But Inclined to hold now till well into next year at v least. Feel a tide may be slowly changing.

Rgrds.

SGFan.

You are right to be rather circimspect on this share. If you have been invested here for some years, as a few here have.

You will be very aware of the "management lifestyle" nature of this shares history to date. E.G. The Swiss Cheese drilling, the P&D crews that then come on sort term to plug even the weakest grades, depths and intercepts, so as to suck in the novices... etc.

The 3 or so spikes in my time have had dubiously motivated supporters shouting from the rooftops each and every time... It's going to 3,4 or 5p guaranteed blah blah...
Whilst quietly selling away into the habitual spiking from about .7p up to just over 1.6p and just over 2p etc etc.

Rinse n repeat.

Fyi...We have had clear evidence of pumpers logged on shamelessly under multiple accounts, backing up the view from the one to the other. Anyone remember, think his name was SippTrader (?), and his signing into his "secretaries" account, but signing off as him on that other account... so as to pump n dump this... or BankruptSBuy pumping for 3p plus on a climb.... I am Rock till I die... type stuff... But "accidentally" selling into a rise at 1.5p and cheerio.... cos he'd left a sell limit on by mistake.. yeah right...

The examples of the false dawns and the unscrupulous on here are myriad TBA.

You also need to realise that the money and time needed to even exploit any decent assets mean that you must take the talk of big short term & critically any sustainable rises with due caution.

Most posting here will be gone. Just like the many others before them in the last few years, just as soon as a nice spike pops up and they can sell into it while telling you 4p is nailed on.. that's just the empirical evidence to date I am afraid.

All the above is what long suffering investors have had to put up with here.

You asked for an experienced view, sadly above is the truer picture so far.

However notwithstanding...if, if, the Cu aspects prove up.... and despite the pumping here.... that's what the drilling needs to prove now obviously.

Then maybe, just maybe there can be buying interest on the way up that actually holds the price against the P&D crews... Which as you and a few others correctly point out has never been the cases in the past spikes.

Maybe we can get JV interest for an open pit mine for one or more of the Cu potentials.

Maybe get a properly defined and very saleable asset that a bigger company mqy even buy up lock stock & exploit relativly fast, and without the inevitable placing dilutions we would need otherwise.... all assuming the Green Metals revolution goes on (which we trust is the case, and is why most of us remain invested in these areas).

So yeah. This is either still to be an ongoing traders delight. Or maybe, and a lot of maybes.... perhaps a shot at the longer term investment potential now...

But as ever, the grades, strike widths, frequencies and depths will make the call from the upcoming drilling

I see that the off loading of 100k here, 250k there.... continues unabated.

As discussed, seems conter intuitive if positive finance news is immanent as is very much touted.

However, be it dark pool sellers, buyers. Instos we can't see, a mega endowed PI... or whoever..

I am fairly sure that someone or something is picking these up for a good price the other side of these deals as well.

I continue to hold and recently added a few more.

Maybe I am reading this wrong. But now seems the time to stay firm if able and not to capitulate?

Cheers.

Hi AIM.

A few people say, that with some brokers you should set a very high sell limit order. To avoid your shares being "borrowed"....

But if you say HZM can't be shorted, and I know you understand lots about your namesake market. Not going to argue.

But for info then. Where do you stand on this often put foward theory of a large day to day PI seller dropping 100k here, 300k there... week on week?

I posted the other day that in effect, even Craig or Wasa at 25 Mill plus would be out by now - logically & given the drip drip month on month timescale. To me at least, seems even a HNW PI can't be behind the downward press?

So what's your take on this seller my friend?

Cheers.

Let's hope so PV.

But there is of course a big jump between saying we have some copper there. To minable, salable (JV interest needed almost certainly) assets. A big ask...

Need to see fairly shallow, 1% plus Cu over some sustained 150-300 intersects. That would be great in the current climate. I do agree Cu is going to be a big player. Fyi I hold a decent chunk of RMM. Who already have more than one proven mining grades. They though have other issues - mines left in poor state of repair that need upgrading via time and finance turnaround etc.

So know roughly what we are looking for here longer term.

RNS and reaction to it, as said, will provide the proof or otherwise and move this on from its past "lifestyle explorer" status. One does hope.

Let's see if this time there is some real substance behind any RNS.

Substance that means that unlike the last 2-3 spike ups since mid 2019 it can hold its price for more than a few hours and take the next leg up.

The pattern is repeating here again.... many ramping the rumours, whilst many sure many will then sell the news.... and be gone. New names.... but same modus operandi...

It's not the day or two of any news that matters. Inevitably there will be many selling out with their gains from the usual sub 1p recent lows, blah blah..

What matters is will there this time be any post RNS buying pressure to sustain a proper rise.

If you know anything about this share you will know that each time hope springs it's quashed by just the above failing scenario.

I want to see a sustainable rise on good news. Not a 4th false dawn to be honest.

Here's hoping... but we shall see.

Sorry for quick diversion. But JTB. We briefly discussed GGP and its bb on here a few days back.

If you began to give up on the posting there. I would recommend what I think is 3 long but excellent posts around midnight Sunday 5/7. A guy called Zoros on there has produced some very realistic (to my mind) analysis on why that share went 1.6p to 38p and down to 17p now. Plus what may just happen next.

A very interesting read and relevant perhaps to many PM miners with such "Great Expectations". I highlighted it on that bb earlier this morning. But am sure he will be shouted down... wrongly.

Stood out to me amongst all the ramping and de ramping and in fighting dross on that bb anyhow.

Cheers.

Thanks Bwana.

Had a chance to look at yesterday and day before now.

Still does seem to be someone off loading 100k here, 500k there into still fairly low volumes to date?

Seems to go back I recall to the 10.1p spike/peak. That was a fair time ago. So if this was or is still a PI then a little surprised they are not by now out of bullets..... as they have sold down an awful lot of stock if just one individual....?

Agree a shorter now is a brave man indeed. But takes all sorts I guess, and we have all seen stranger things?

Anyhow; no control over that. But see a few lowered prices as a further buying opp for now. Both here, and in a couple of other of my investments.

So just assessing the scene. Am in that pretty common ground on AIM where quite a few areas "taking a breather" & all as usual awaiting fairly substantial news to advance.
Judgement of course is which one with 20:20 Hindsight looking back from July 2022 was the area to now reinforce.... or does one simply sit on hands with funds and await events a bit longer....the usual problem ;-)

Good luck my friend. Hopefully not long now here at least...