Member Info for Tungstenman

Mark Burnett is a Director of GMET which has enjoyed a 420% increase in the past 12 months. Something tells me Burnett has positioned SML to mirror that same kind of percentage rise. All 3 assets primed.

What a time to breakout - bring on some contract news next week to fuel the fire

Looks like theres some kind of short closing

This already tested £1 back in July. Next contract news will comfortably exceed £1

Fair value is 1.9p and the Cornwall mine is worth 6p according to Zeus. Surely the market has this price fundamentally wrong. Good to see some buying at 0.35 but nothing to get too excited about. I don’t think RAB purchased £130,000 of shares at 0.35p for a small % lift. Philip Richards will want to price closer to 1.9p (Zeus fair value). And then multiples of that price per the note.

I must admit LCCM wasn’t at the forefront of my mind , was thinking Cornwall drill results. You are spot on , LCCM non core disposal is another major catalyst. RAB must be very happy with the progress of all 3 assets to take a £130,000 clip.

It’s very comforting to have RAB here as a shareholder. They have been very quiet over the years but yesterday’s conviction buy of £130,000 speaks volumes. They must see big upside per the Zeus note (1.9p) but for me yesterdays buy puts a concrete floor in place. The risk reward profile has changed enormously for SML.

7am would have made more sense, however the actual news that RAB are buyers could have been released at any time for me. I don't think I have seen a director or an institution spend that kind of money on a micro cap like SML. Next RNS from RAB will be at 6%. I have digested this release a few times and just cant believe it TBH. Amazing news

I would not be surprised if RAB continued to build their stake. Possibly up towards 10% in due course.

I concur with that post dvharrison. I believe Mr Burnett represents RAB capital which makes this a very confident purchase indeed.

40m shares purchased based on his previous holding. This is very encouraging news indeed throwing his weight behind his Board appointment Mr Burnett.

Largest institutional/Director buy in SML history

That is the most encouraging news we have had in years.