Member Info for zeusfurla

Filthy - Thanks - 1st time I've been looking at screen when it happened.

Market open again - must have been a blip? New to spread betting so not sure why this happened.

Any ideas why?

I have to say I find schlemiel's posts on L2 helpful and provide a bit of context. I hope you continue to post.

Hi Alfa It was ARS. SP traded within a fairly tight range for several months and found it difficult to break out as it triggered what appeared to be repeat sells within a 9.8-10p range. All IMHO of course.

Tyfoon Thanks for the info - really helpful. I am looking forward to brownfield capacity news some time this year. Also thanks to squirtyflower - great insight on the rationale for FI sells. I got stung a bit by a persistent seller on another share who appeared to have knowledge of future event weeks ahead and used this to consistently sell so I am wary of repeat sellers.

Alfa/Endion Thanks for the historic info on Evraz and Vametco from a couple of years back. I am still building up a position slowly today and looking forward to hearing more. I like the professionalism of this company from what I've seen so far.

hTTp://www.miningweekly.com/article/how-strong-steel-might-kill-off-the-next-big-battery-metal-story-2018-10-23/rep_id:3650
Interesting post on the downside of higher vanadium prices.

Endion Thanks too. I'd keep a few if I were them!

Alfa Thanks for your quick and clear answer to my question and I don't blame the company for taking a profit. Bit of a share overhang for the rest of us but the value in BMN should overcome this given the likely flow of good news coming in the next few months.

Hi all. First to say that after spending much of the weekend researching BMN including the terrific Bushveld Perspective I bought a few shares today sub 29p - interesting to see MM moves to try to control the SP at least in the short-term. You can't hold back the tide forever. I had a question that may have been answered at some point on here and it is why are First Island selling so many shares? Do they know something that we don't know? Maybe we don't have the answer to this but worth asking the question. Seems like particularly poor timing on their part. Impressed by FM in recent interviews and some of the really high-quality insightful posts on the site. Will add my comments when I have something worthwhile to say. Best wishes to all.

GV Funny I had also noticed the same issue with timing around the 1st issue of options and wondered if dates had been manipulated. In any event I imagine it's likely there will be some downside at some point this week due to the 2nd batch of options which need to be exercised this week. I agree - RNS tomorrow likely or Wed at latest. Today's drop followed 5x 100k sales in quick succession - looked to me likely related to options. I was a little surprised that there wasn't much buying activity straight afterwards and price didn't really move much. Could mean a softish SP for a few days until really positive RNS on drilling update. May even happen this week to keep option sales volume down if SP is higher?? Not my area of expertise but of course v positive over next few months once this week is out of the way IMHO.

Just going back to earlier comments on BHP and looking at this from Newcrest perspective. They've had a seat on the Board for a while now and haven't increased their stake. There will be relationships built up. Nick will have an idea of where they are coming from. So another consequence of limiting BHP's potential stake without Board approval is to flush out Newcrest. They may not be able to afford to buy SOLG but what is their endgame? SOLG must be looking a lot bigger than it did when they bought in. I'd suspect they are looking at either some joint involvement in Alpala or maximising shareholder value and getting out. Looking more likely that this is for the big boys now.

Finally an RNS on the news story and much better to come now than not at all. Reassuring.

hTTps://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARS/13834258.html

Don't agree with gloomy views. Prospects remain very strong medium term despite amateurish comms. Will need short term cash but current SP is a good way in - I have topped up. Just wish the board would get some better comms in place.

Just listened to this and in addition to the helpful comments posted by others I also picked the following:

- $2.8bn initial estimated capex cost for Cascabel, around 1/2 the cost of big Chilean mines
- announced a 'Go for Gold' strategy targetting Blanca and Rio Armarillo (2 very high gold projects) which are expected to be quicker to develop and easier to finance. Awaiting final environmental permits then 'the day we get these we'll start drilling' says Anna
- looking to double MRE said in same sentence as 'have tripled amount of drilling' - draw your own conclusions
- have identified 10 more concessions and dropped a few of the 72 which may not be runners I think to show good faith with Ecuadorian Govt
- think there may be a 2nd porphyry in South Ecuador - Cisne Victoria/La Hueca/Timbara/Provenir which are now high priority drilling targets. Presumably these are the areas that may exceed Cascabel?
Looking positive and company doing everything it seems to manage in-country Govt risk which for me is the biggie. All IMHO.

Short-term profit-taking and maybe options being sold pushing price down but only temporary. Some employees will look to cash in quite rightly as many staff won't be interested in holding shares. Value will attract buyers back in numbers. This is all short-term stuff and may create another buying opportunity for LTH's. What a brilliantly crafted RNS - Nick again keeping his options open, attracting additional funds and leaving the door open for bids. Expecting a healthy boost to drilling in 2019. The BHP involvement de-risks this investment further. All IMHO.

SP still moving up at end of day. Very positive day (so far).

Good upward action today though still options may push price the other way over the next few days before things settle down later in the month. Happy to be proved wrong! All IMHO

Another option is to spec up Alpala as fully as possible to make it attractive to buyers then sell early 2019 (the company structure is well set up to do this), pay a special dividend to shareholders and use remaining funds to develop the other 73 or so assets. That would appeal to Nick the explorer - we could have years of discoveries/RNS's/MRE's then sell-offs, dividends and everyone is happy.