Member Info for troutisout

Star rage,

Did you look at the one year candlestick chart?

Only it has moved 4 times from the 6p's level to 9p+ (over 10p in early December 2017) and has come back down to the 6p's level again.

So I think that statement can be verified and the trading range pretty much agreed......

Try going to the chart field above, change it to candlestick and then to one year and you will see the movements.

No.

" Of course, if the 'BB peeps' are buying the shares, it's because they've done their research, understand the tech and the market,"

Not sure I agree with that antelope, too many people joining dots and making fantastic outcomes seems closer to the mark. I am not sure many understand the technology, certainly don't understand the level at which Keyscaler is being used/offered by DA's partners. Why? Quite simply we haven't been told and we are unlikely to be told, so it is guesswork and unfortunately if you are long your answer will be too bullish and if you are short your answer will be too bearish.

Thanks aandi,
That makes a good read and does seem to offer even more upside than we have from the 2018 phase 1 drilling programme, 2018 phase 2 and beyond could keep increasing resource and grades.

For a while, i have felt that any buying is met by filling of a large sell order and this again smacks of that, MMs must be chuffed £3,750 turn on those trades....Would be good t see the back of this seller as the positives are being weighed down by an overhang of loose stock and any re-rate needs to see the stock firmly held and in demand...

Now there's a big sell showing but over 3 minutes apart so no rollover....

That's one hell of a buy.....

stockdale,
You are asking for a podcast from a few people having drinks in a pub, did you miss all the other podcasts we have had this month, including SPAngel's efforts and the BoD who seemed a permanent fixture on the pr0activeinvestors site.
Not sure they could tell us any more, we have had updates on Results, Cobre, Leigh Creek, Redmore and the overall situation last week in the JP and AB interview and then AB talking about strategic metals.
There comes a point where too much exposure becomes a negative. Time to digest what we have been told....
It might be worth looking back and listening to all those interviews/podcasts and then I am sure you will be re-assured about your holding here.

Majortennis,
Many people never attend an AGM, that is statutory, this was entirely voluntary and I think a very good thing the BoD did. They invited investors to the pub for a chat. JP as you noted did point out in the venue change message, that there was going to be no new announcements and this was a chance for an informal chat with shareholders.
I think that is a brilliant bit of IR and one rarely seen. I am worried that if we are all negative on the arrangements they won't bother again and that would be a shame.
It's done now and I assume they will all be going their separate ways to carry on the task of developing SML's assets into juggernauts, roadtrains and big rigs.....

major tennis,
Not sure I implied you are unintelligent, I asked for a little thought and then gave two good reasons why it probably wasn't on a Friday.
You were the only one that said you were going but then changed your mind because even though 'you work around the corner' you would only go on a Friday (I assume you don't drive to work on a Friday).
The fact you are making up excuses about having a drink, when most would have been going along to have a chat with the BoD, makes it seem like a lame excuse (which mine was) and they do serve soft drinks in pubs as well,

majortennis, not if they aren't in the country this Friday.

Also how rammed would the pubs be on a Friday night?

A little bit of thought, less moaning and actually some plaudits that they are arranging this at all.

I was going and am gutted to not be able to now, but that is because I injured myself and don't fancy the long journey with my leg in plaster. However I was going to enjoy a beer or two with our management and to get a feel about them in real life, as I have a very positive one from their interviews and think that would be confirmed when chatting over a drink in a pub. There are not many BoD that would arrange this, so I take it as a very big positive!!!!!

Does it really matter if they are selling some intermittently to cover bills, etc? After all it gives investors a chance to load up on those shares.

Interesting comments at 19 minutes in, about having the assets and bolting on a new technology to improve the recovery of those assets.

Going back to Friday's conversation and Alan Broome talking about Leigh Creek and looking at a Proprietary tech to enhance recovery of LC's assets

Well the 2 x 1m trades could well be a transfer or matched trade, so say they cancel each other out.
Then when the bid went up to 1.4p that meant the trade at 1.4425 went through under mid so gets registered on the system as a sell, although it looks like a buy.
Don't read too much into the trades info, unless you are constantly on top of the offered spread and online limits you cannot retrospectively go back and work out what was a buy and what a sell.

I am assuming the buyers are watching the interview.......

"thanks, makes perfect sense!"

Unlike the person who bought 477k of shares only to sell them at a loss 5.5 hours later.....

blacksheep,
The spread is close because the MM isn't risking losing out if the price moved. They have both sides of the deal.
On a rollover they take the sell and then the buy, all as one transaction and charge a small spread as a fee.
For a bed and ISA/SIPP, the sell side comes from your trading account and the buyer is your ISA or SIPP.
MMs are making risk free money and it is attractive for punters to use this method. Brokers tend to clean up a little as they charge you telephone dealing costs.
But essentially it is easier and less risky as you are selling Paul to pay Peter in the same transaction.
Rollovers where the price has dropped tend to be at the higher end of the quoted spread as that limits any losses and tax efficient transfers tend to be at the lower end, so you are selling at the lowest price (less profit or a loss to be used) and buying into your tax wrapper at a lower price (increase the effectiveness of the tax wrapper).

No-one has dumped 9m shares, looks like a rollover or ISA/SIPP transfer.

Smallish spread, sell print first and the buy print second, all within a few seconds of each other.

https://twitter.com/SML_Minerals/status/1053204850895474688

Note the message to conspiracy theorists....