Member Info for StrummerJones

Interesting to get inside the mind of those selling now.

No criticism, as everyone has their own needs.

But noticed it went up to 7.2 Ask. But directly got bought into n down toa low BID of 7.02 - just as recently??

Especially with low volumes (people sat on hands awaiting the usual). Who sells now?

Anyhow. Its sunny June. 29 days left as you say Wasa. So....

Either JM please do the deal, or as needed scope the delay. Really not good form to leave those that have supported you dangling until potentially just after...

"The longest day".....

Rgrds.

Hi Lethal.

Consolidation doesn't bother me personally. Can see the benefits longer term.

This share had strong sentiment on its rise to 61p. Its now had a few weeks of poor sentiment, as work needs doing. Fair enough. Finance needs clarity resolving. The RNS was honest, if not very subtle. But then again we all know a few shares that only push the positives and ignore stark reality (remember ROCK !)

If it hadn't considered it would have had this pull back in my view. Some of us said would be bumpy earlier in year, and we didn't know about the 100 to 1 change then....

If you rate the fundimenrals, and most importantly think a turnaround is coming on a very viable asset. Then that's what counts in my book to be honest.

Cheers.

I started a position here after a tip on HZM bb back in Feb time. I looked into it before then, but decided to buy in at that point.

My investigations then indicated a first buy in of 35p ( pre consolidation equiv), was a good price. But at the time I did post that likely up to Q4 2021 and beyond this will bump about, but that price will very likely be available again. I didn't see 60p so fast, but it has then come back to us pre year end, as figured was quite likely.

Resurrecting these mines is never going to be plain sailing. Despite the strong assets of course.

So my approach has been to pound cost average both up and down. Buying on way up - in case I was wrong & it did run away too fast. But also on way down to then avg down, as it did what I kinda expected it might, for now at least?

No one can predict it all. But now hold 318,000 at Avg 45.32. Would I like it to be a lower overall buy in..Sure, we all would.

Was I smart enough to be able to predict all the ups n downs... Nope.

But key is, am I overall happy with this mid to long term position... I am, and will add more on same principles as able.

Just my view.
Rgrds.

Thanks for the advice Mafs.

Sorry the history here isn't the happy clappy storey you want to hear. But it is the true picture to date I am afraid.

Bigbear has it right. The drill bit will decide. In my comments I also outlined for the Cu (which is agreed very much in demand). The kind of real world commercial grades, widths and depths we need. As you describe already good and exceptional Copper here. Be interested in your take on what we need to find - or do we already have it....??

Also be interested in how you plan this panning out. Do we build a mine. If so how long do you think costs & takes standalone? Do we JV. Who's in the frame? Do we sell these great prospects... etc

It's fine to be an optimistic type, as you clearly are.

But isn't it also important to have an aim. An endgame, and some idea how one gets there and how long it takes and costs?

I have been very skeptical (and frankly with some justification), about a few characters on this bb.

However thinking on it, in your case I feel you are a genuinely motivated person. Just not sure if you are a trader or investor. Detail of either aim is hard to pick up in amongst the general positive vibe you put out?

Anyhow let's see the drills. Let's here your aims and targets and what will be will be.

Good luck to you as well.

Heres hoping BigBear, here's hoping.

Be such a pleasant change here to see a rise that's not able (due to actual demand), to be so savagely sold into by the day traders.

To not be totally trashed by those who have formally so mercilessly pumped it up by basically hood winking with rubbish grades the gullible, whilst all along protesting they are in point of fact here "long term" ..... right!

Would be nice to avoid all that again.... I so agree.

We shall indeed see though. Just get us all multiple Cu Seams of 1% plus over 150m lengths, and not please at 1500 metre depths, & think it might be a good little runner!

Cheers.

TbyTT.

The consolidation was simple enough. But a few brokers have had a rough day implementing it it seems?

I agree with you, adding (or selling I guess) for some has been problematical. Hence maybe the volumes.

For example a few days ago l could add nearly 4 million at the old money .0038-.0040p No issues at all.

Today had a few spare quid and as a little test I couldn't buy even 350 shares at the now .385p without NT from my broker for ages mid morning.

But sure if will come good in a day or so as they sort out the dealing systems.

I continue to add, as its the Cu in the ground, the mines there that need brushing off and scalling up. Plus the aptitude of the new management that attracts me personally.

Rgrds.

Salabke Grades, Good lengths and viabke epth is all its about for these Copper prospects.

They need to prove up something minable to either sell on or JV on.

The grades in the last RNS on the Copper prospects had some promise its true. But as yet really nothing that will have the suitors come looking for serious investment.

Sure, If all you want is a quick 25%. A run from .75p to a penny odd. Rinse n repeat then pumping the numbers todate may make it with the newbies and not well informed.

But if this is to ever break free of the spike n burn of its last multiple years (if you are new just check the history of the last few years)...then DP has to be furnished with good grades at sensible depths to flog to the market from these upcoming drills.

I am afraid that's the crux here. Else we will see he usual unsustainable spikes getting ****htered by the usual day traders, and then more dilution n cash raises to support the same patterns.. ad nauseum.

Sorry if that's harsh. But it's so far been the evidence.
Rgrds.

I watched the presentation live by JM a few weeks back.

As mentioned at the time in my mind he came across very well, as did his planning.

The only thing he was to my mind a bit hesitant on were questions of takeover interest. But that's natural.

It has been a few weeks now though and the share price has not reflected the enthusiasm that was there then. We all know why of course, and people still await the details and delivery of the finance package.

Problem has been, that whilst we drip away (for now), due to big seller, manipulation, or just lack of interest... With no followup to date from that positive we drift down. Then of course, as is the way on AIM it seems, people get restless.

We have a month left now on the promise to resolve this first delayed major hurdle. At current rate SP will be under 7p. I know the BOD priorities are elsewhere. But this must have some impact on the deal if they are not careful.

I have been with this since mid 2019. Peaked at 11.7 Million shares owned. Hold now still bang on 10 Mill at 4.98p avg sliced a few to give a bit of profit to kids and startup ops elsewhere. But my 1.7 Mill sold over 20 months isn't the "big seller" that's constantly pointed at here now...

For now I am holding that round 10M until I see the whites of the eyes of this deal. I hope to be convinced and hold a lot longer in truth. But as a pragmatist need, after almost two years to be given the right vibes very soon.

DJ, love him or not, agree with his vaccilations or not ( he's very much now "Marmite on the RMM bb due to his actions there...). IMO is honest at least. So just thought I would say what my view now is, and where I stand for what it's worth.

Everyone must take their own approach. But as much as the long term potential is very much recognised by most of us I am sure. Time has come for a well regarded CEO to step up and demonstrate that the faith many here have put in him is warranted.

That's my take anyhow.
Rgrds.

AJ v TF off as Wilder has taken TF to court to force a 3rd bout, as in re re match contract from bout 2. He says wont take 20 mill to step aside at mo.... so scuppered currently
:-(

Read the BB late last night to see if any savy ideas on lack of any movement here despite the strong fundamentals & messages from our JV partner etc.

All seemed to be was a big fight between Messrs Tymers and Nap over bitcoins or some such (?).

Was into a bit of boxing and rugby when younger. Getting on a bit now (late 50s). But at 6 ft 4 and 15 stone. Unless they are really big boys might be able to Control n ref it ;-)

With AJ v Tyson looking off sadly now. There may be a slot in the calendar if they want to engage the Marquis Of Queensberry to sort it out man on man....

What a spectacle......

Hi Noob67.

Think it's just normal really here given circumstances?

E.G:

World in a bit of turmoil. Covid, possible financial meltdowns profosised etc.

Here; there is uncertainty in play that markets exploit - funds needed, how to get them up in air...Is turnaround on track and on time etc.

As all sensible types said. This is a longer game and would suffer retraces. But some expect unfaltering upwards progress (not realistic anywhere on a market). The 3s to 6s rise quickly supported that shallow view. Now some reality kicked in perhaps?

I looked at this for several months as an interesting option. Missed the recent bottom (high 2s -very low 3s odd ?). But bought small amounts at 3.5, 3.8, 5.5, 6, then again on way back at 4.4 and 3.8 again.

I guess am an example of "Pound / Cost Averaging" the very manual way :-)

Would like to add more here, especially if it temporarily drifts down to my initial 3.5 buy in price. But for that need other interests to buck up - chicken n egg etc.

But overall my analysis said this is a late 2021, but mostly 2022 onward recovery stock. So expected the ups n downs about now to a large degree - see comments in Feb time.

Happy to hold my current modest 27.8 Mill & see consolidation plus Director updates & add as can.

No fuss.

Cheers

This needs to get some minable grades out of the drilling.

The indicated in this general RNS wont create any waves frankly & despite the pumps earlier today.

Cu at 0.2% in small intersects didnt, and wont set suitors at the door. Certainly not at depth.

If regurgitated to the unwary enough then the 15-20% traders will make their money. As they have for 3 years or more on this share.

But. To the longer and wise.... To make progress that's remotely sustainable as an explorer. Grades and intersects (lengths) at this depth (600 to 1300 M). Need to be far better than this. Maybe string of 1%+ for 150m etc.

Takes 8 to 10 years, and lots of money to self build mines. JV way forward, or sale of resourse. If DP remotely serious.

For that he needs that saleable case. This RNS is nothing like. As the market has proved today..... No amount of Boom! And cut n paste of it gets round that fact.

But keep pumping boys. I need 2p plus with liquidity. Prefer a proper resourse here to get there. But if you can achieve that be impressed...

Impossible to tell Bwana.

Could be just the start or an end, who knows really.... or maybe a manipulation (to keep it down) & if one likes conspiracy theorys?

I think there is certainly a bit of manipulation in all markets. AIM being one of the less regulated. Maybe some more here too...BUT...

But .... overall I am not a great conspiracy believer. The Dark Pool I mentioned some time back certainly does exist. Though I think this junior share will only experience that when it proves up its finance and starts to attract a few heavier interested IIs.

Till then its probably a few more digruntalled holders, understandable bored with the delays, and seeing one of the clearly good options elsewhere. Really...Who knows.

It's funny that a few of us MTH types (2 years or so). Will ride this from 3s to 10s and down from there with little complaints.

But when we are within a few weeks of hopefully real progress..... get the itchy trigger finger and jettison...

We are a fickle lot. Me included I guess.

So only way to placate us is... & as Delia (well sort off) said...

"So let's be having you".... JM :-)

GBigPlums understands Mafs....

Ever heard of "Irony" my friend!

Still batting for the right team....

Wise up my friend.

Hope so PP.

I think all mid or LTH, and some not so, do accept that this has been a s*it time to try and sort a deal. Especially in a country ravaged by CO19, and with not the most stable Govt setup etc.

Fair play.....

But, within all that understanding. This has slipped several times, even in my ownership lifetime of just under 2 years. Nevermind others.

So about now, a very erudite & respected CO (as JM clearly is), needs to earn his corn, & deliver.

It's pretty blunt. But that's commerce mate.

If it lags more than the already accepted delays, without deal or takeout (strongly in favour of the former personally).

Then serious danger of loss of support on cards am afraid. AIM as proved is very fickle, and many other ops shine. Falsely or otherwise....

Cheers.

100% onboard with that Eyeguy!

Seriously undervalued.... am on sticky hands till 5p and our major takeover.

Dont listen to the nay sayers like GreatBigPlumbs.

He doesnt see what we do.... Huge market for our drills!

Wot a humpty!

Fantastic Eyeguy.....

So we are now expecting a major to buy in on our tiny mcap explorer ! Wow.

Great stuff. Why slice at 1.5p.... lets ride it all the way up....

Next GGP from all the positive buzz...

What I am talking about..... is a need to advance financing on sensible terms pronto.

Isnt that what we have been promised for many many months.

We are now getting close to the latest slippage of H2.

Be nice to think that this will deliver without going to the wire or beyond.

If been in for a good while.... it's what we all hope surely?

What you think is realistic here Eyeguy.... 20% on the new spike?

1.2p and gone, or do you see a more substantiated rise to what... 1.5p, then sell for a 50% earner... a nice trading earner for sure.

Just looking for guidance.

Depressing SP for now.

However, opportunity to add for new investors, or those lightly engaged so far to date perhaps.

Realistically this one needs news on finance though and soon. As despite a couple of strong assets. It's just drifting downwards now, & no flowery potential speak, JM needs to calm the ship.

I thought his performance on recent Webinar was very good. But very good hasn't advanced a dipping SP clearly.

Here is where a good executive earns his money....

JM.... time to gently step up my friend .....

Cheers.