Member Info for Tungstenman

Great day for metal stocks down in Cornwall. I think our rise would have been substantially higher today had our placing been completed and digested 3 months ago. Need to let the agent and some of the investors out. All part of the game on Aim but we have £4m in bank and that’s stunning.

Time and patience needed

Outperforming SML meantime due to lower shares in issue but theres a huge CLN sword of Damocles hanging over TUN. Once our placing has been digested this will motor. Hopefully the placing boys take their profit off the table here and let the price breathe.

Nothing to get too excited about. Re rate underway but a very long way to run to close the gap to true value. Just catching up a bit today is the old price

New sophisticated investors will have completed their DD of which must have been dialogue with SP Angel around their 13p valuation. £4m at 1.3p is a conviction buy for those investors.

My biggest fear is not seeing the true value and we are taken out by a big player in 2026.

There’s a comfortable 10x uplift from the data that has been released and formulated by SP Angel. This is why SP Angel have a 13p value just for our Cornwall asset. Cobre and Leigh Creek wasn’t included in their 13p valuation. However, we have only seen 50% of the drill results so this figure could easily double again. We are at a ridiculously low £30m market cap opposed to £300m which is the SP Angel valuation. You won’t get a better Aim investment for many decades -IMO. DYOR

As the price increases towards fair value (13p) the board will gradually become troll free. Salty and his crew.

That’s me for today. Good weekend to all genuine holders

Blood pressure is fine thanks. Trolls missed the boat. This train won’t be stopping now

Share price 1.7p - Cornwall worth a min of 13p. Share price has a huge gap to close and it’s starting

We are witnessing a genuine re rate in real time. Great to watch. Well done profit takers. Everyone to their own

Forward sellers sell before a placing not afterwards. We will see a genuine re rate now as the share price closes the gap to genuine value which is close to 13p

I think we will comfortably see this over 10p in 2026 which is in line with SP Angel valuation. 2026 Share of the year but DYOR

I’m hoping Zeus and/or SP Angel have a revised note soon. They may well wait to see more drill results first.

On Leigh Creek I was quite excited about the £1.7m cash that will be coming our way but I’m just as excited about the 20% carry we will have in the listed company. Not to forget the Cobre which appears to now have a consistently high run rate of $4m pa. Banking £4m on this placing is just sound management and those investors must be confident we are heading to 13p and some.a once in a generation investment is SML - DYOR and read the broker notes

Hopefully we see a fresh SP Angel broker note next week. This placing to accelerate the programme is the best thing that’s ever happened to SML. Sophisticated investors know this is worth a min of 13p hens the reason £4m was oversubscribed. Roll on 2026

Gone are the days of £500k spiv placings to pay the salaries. Have you ever seen a £4m placing get away like this did today. That’s because it’s not a spiv placing and it’s not for salaries.

This is a grown up placing for a company that’s about to explode. We are very lucky to have this new management team. Let’s fulfil this 13p valuation for Cornwall that SP Angel has on the asset. Don’t forget Leigh Creek- as well as the cash the copper co could add huge value to SML through our 20% carry. The fact the copper play is listing in AUS will allow us a direct look through on daily valuations. What a company

Absolutely outstanding placing and all for the correct reasons which is to accelerate the drill programme. A £4m raise is no mean feat and management must commended . Wasn’t that long ago our market cap was £4m !!! This placing seems to have gone to sophisticated investors and that’s truly outstanding. I’m absolutely over the moon - de risked , fully funded and set for explosive upside in value. Thank you Charles

It’s all about the far east assets.

Solana up strongly overnight. Bodes well for defi - £2 here we come

Gas and oil on a 4 day winning streak. Looking forward to the update on our Far East gas outputs. Should now be at full capacity.

Nice move in oil price today thanks to the orange man. hes going into Iran - good for ENQ