Member Info for Xenor

Why would it go back to 18p? That price was based on people panicking that the finance wouldn't complete. That prospect now looks very unlikely given today's news. The drop from today's high is just traders taking profit.

"what are they doing with the copper revenue they generate?"

Development work? It's not cheap. Go read some of the previous RNSs.

There are only so many people willing to sell for a big loss. After that, sells dry up and the price has to rise. On top of people selling for a loss we have also had Rivertfort offloading their latest conversion for a small loss.

It wasn't that long ago that 130p was the perfect time to buy. I was buying these at 149p not that long ago.

Research.

I think a market cap around 250m in a couple of years isn't out of reach, which would give a share price of around 192p assuming no further dilution. So I'm looking around that level for a slice. I plan to hold a smaller number for longer to see Little Deer come into play.

If you think it's a value trap then sell your shares to an investor. I'm looking for way more than 25p and the short term price movements mean little. I've enjoyed building a good position during the lows, allowing me to average down from 47p to 31p. When we hit my price target I'll be in a lot more profit than I otherwise would have been if we didn't drop so much.

I can't think of a better investment on the market right now, but do your own research and draw your own conclusions.

The share price has fallen on financial uncertainty, worries about dilution to plug financial gaps and warrant sales.

Right now the share price is close to its all time low and finance news is imminent. The turn around plan is still on track to be completed by the end of the year and cash flow positive from Q1.

I'm happy topping up at these levels but I think there are a lot of more risk averse investors waiting for the finance deal with NewGen to be confirmed.

Only you can decide what level of risk you are comfortable with and when to invest.

I believe that functionality is broken in the same way you can't view RNS on here any more.

@antharry If NewGen finance falls through then yes it is a hit, but I'm not going to sell at the bottom. NewGen finance isn't the difference between the company succeeding and going bust so why wouldn't I continue holding? Even if such news forced them to do a massive placing to get through to January I'd still be fairly confident of making a profit on this in a year or two. If you're day trading then yeah you might sell the bottom and hope you can get your losses back elsewhere, but I'm not a day trader.

I can't wait for this finance to get approved so we can talk about something else. This finance has dominated the talk on this board for too long. Understandably with how important it is, I'm just bored of it.

When we're back at 60p I'll be extremely happy that I was able to buy so many cheap shares and bring my average right down. Certainly I'll be in a lot more profit next time at 60p than I was last time.

@antharry "little deer sounds like a little diversion/ pumpy pumpy"

And that there shows that you've done no research on this company.

You haven't listened to a single word, yet here you are moaning about it.

I thought it was extremely positive, and it's good that he is engaging with PI shareholders.

I can't wait until we have the finance confirmed so that the doubters have to find something new to moan about.

I'm very happy being balls deep in this despite being 38% down at the current share price. Would have liked a lower average but my average will look great a year from now. We can't all time the bottom. People discovering RMM for the first time now are lucky.

I am sure that they will need to spend further money on the mine. Good thing we'll be making a profit from Q1 and will have money to invest in the mine without having to borrow more.

I'm not a fan of shares being ramped higher than they should be, especially by people like DJG who were encouraging people on other boards like RMM to sell their shares and buy the share they're ramping. Happy he got what was coming to him but not happy about those that got sucked in by the ramping and lost money. It has probably happened to us all.

But this massive fall for HE1 is why I would rather invest in a producing mine with proven resources rather than an explorer, less risk involved.

"Think this will bring in a larger miner who could take us out for £1.00 easily enough."

I'd be disappointed if a larger miner bought us for £1 per share. My longterm target is higher than that.

I also think it's West Face. Have noticed a lot of 25,000 round number sales recently plus other big round numbers. Could be the warrants? If these sales outstrip PI buying pressure then the price will drift downwards. I'm not worried because once they are out then there will be upwards pressure.

Did the charts predict that?

When sentiment turns then 8m warrants wouldn't be hard to get through. I remember during the last rise to 0.6p (60p) we had a few days with nearly 1 billion volume. That would be 10 million now. For sentiment to change we probably need the loan completed and Q3 production numbers.