Member Info for zapsnap

i think there are a few more steps to get through but i think once we get through the first, it will just be a matter of time. risk reward currently to me looks good. will be happy to add more if it drops

This has been under the radar for some time. Still lots more to come in the next month - drilling still in progress, more results and a JORC. 50% of shares not publicly traded. It appears that the resource estimate is increasing. this is not a few drills and then some more a year later. All the drilling is happening now!

Outstanding!

I believe Bhargav is a good guy.
have been in since 4p and have a decent holding. My annoyance is not the wait, but the placing that took place which I dont think was required. Plus the lack of investment from the CEO - this does not indicate belief. I appreciate that he may not be wealthy but the average punter probably has more.
I am planning to reduce and play a dangerous game of buying back. Still believe in this long term. bring Agnacio back!!!!

personally, Beowulf should take this to court - there is no other option. Corruption to the core - its beggars belief that this can happen in a "civilised" part of the world

The fact that this has held up so well, the market sees this as positive. If Hummingbird not interested, I rather they leave now then sell much higher later. of course I rather they did not leave at all. its not the first and wont be the last time that a company leaves before the party starts. GLA

I think the conversion is £1 to $1.41; so cost = £3.54 million; so 800k less
if all the rest of your calculations and assumptions are correct then UKOG 3.8mill short?

the terms that are attached to convertible loans are annoying - this is not specific to PERE.
these people get a handsome x% interest guaranteed + also have the option of converting at a much higher rate (with no risk of getting lower than the guaranteed rate of interest). It should be a placing or interest.

Thank you for clearing that up.

sand mining in Sri Lanka seems problematic; eg:
https://www.dhakatribune.com/world/south-asia/2020/07/17/sri-lanka-court-blocks-president-s-sand-mining-concessions

this does not look so straight forward. If it was, then i guess it would be many multiples of what it is now.
any thoughts?

this could be the long awaited day

and dont forget, still small mcap.

Thanks for clarifying lupidog. Very helpful. I guess I read it wrong. I'm in now!

PS I have shares that I buy and sell after a 3-4 months. this is a share that i am hoping to hold on to long term

Hi DVharrison,
i have kept an eye on SML for a while; from memory it was hovering around 0.4p before it went up to several pennies. when you follow a share going up, it gets progressively harder to buy in. Looked great until the scam - quite unbelievable that it happened. Even if none of the £21 million is clawed back, I think the worst is in the past. the downside is small in my opinion. it is producing and only £10million mcap. the resources are v good. This is all my opinion but I feel v positive about it.

1 million shares. looking really good

I split my money CHF:CMRS 50:50 when they were both 12p.
Now sold out CMRS and doubled CHF holding.
CMRS still looks good though, just think CHF is better value. imho. GLA

this seems to have dropped back to 10p. next move up, down or sideways?
AIM is an interesting beast
GLA

I think the important point here is that this cash generating and already taking advantage of the increasing copper prices. £6-7 mill mcap is not a lot.

Will happen by the end of summer at the latest. The grades are amazing. Drilling ongoing, fully funded. Expecting mid teens again. GLA