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Wow. It would seem that the quality of posts on this forum have followed the share price down. I'm desperate for the share price to start an upward trend........but I'm not sure if it's for financial gain, or just to stop childish bickering on here. :)
So now a sexist comment- who is showing their true colour today fira?
Wanna try racism too?
What are you agreeing about?
That I find calling someone who invested a tool wrong? then i am guilty- it wasn't a joke it was part of the talking down of this share that you share with fira.
I cant post after you or respond, where was that said?
The 2 of you seem to have the same agenda in my books and you can see why others talk about your " clan".
Even after I apologised you cant move on. Judge away of that's what makes you happy.
Fira, agree with you on slurm. We a had a heated debate a while ago, I said I wouldn't reply to his posts (I've kept my word) only to be told by him/her they wouldn't respond to my posts. Ever since this promise he/she made, I post quickly followed by a response from him/her. Not someone who sticks to their word. All recorded in posts.
Mk is right though too much bickering and I've been a part of it (maybe more than most) so going to stop posting for while. No point until the strategic review comes out.
ATB all
To me it just sums you up that anyone that doesn't agree with you is wrong, just a demonstration your thought process.
Calm my pants, what are you 5Yrs old?
Funny thing is I'm not buying anymore right now when I can as I have enough and dont wish to over expose, people have different risk appetites to you and me.
Saying something and then when called out about it saying it was a joke or to provoke a response is one of the reasons why this board has turned into a bickering playground.
More buys than sells today (including the 'tool' who spent £15k, funny Fira!) and still we are down 2.63%. Not saying the MMs don't play fair but....
Why does someone have to be a tool to invest now? it may be slightly more risky but then the price is a bargain.
To some £15k is play money, you have no idea about their situation, maybe in a few weeks/months they will be thinking you are the tool for not buying at such a good price.
Redmoor, it was a closed raising as it is cheaper and quicker, at the time it seemed the right thing to do.
Discount was needed to get people to invest quickly, not all board joined in. I dont think greed is a good way to describe it, I would say last minute.
It's all too easy to state they should have done something different. They tried to do a minimal raise with people that wernt going to sell for a quick buck.
Raises are rarely at full sp value.
Down the line a bit of good news prior to a possible raise may balance the SP to where it was.
It's all to easy to be negative and point out what should of happened after the event.
Everyone says DYOR before investing and anyone doing their own research may come here seeing so called lth's moaning about what was and should be and it may just put off new investors.
The only reason to decamp a share is if you want a lower price to buy in at, anything else is not logical.
Hi Fira, you can't talk to a fellow clan member like that :) That's the problem, we have no idea what the money raised was used for, we haven't been told anything, other posters say it was used at LCCM. From what I can gather current Cobre payments cover overheads with maybe a little extra to spare. I think Q3 Cobre income should improve but not by a lot. The crux of the problem was the share raise. Our bod/the manners family scrapped up all the money they could get, got shares for themselves at a discounted price through their own greed. The should have gone to the market at full asking price (1.8p) and issued 2-300m shares, not popular with anyone but who would be diluted most? Unless they pull another client or two out of the bag at Cobre or bring in a jv partner at LCCM, they will have no choice but to go to the market but with the SP now being halved what it was, they will need to issue double the amount of shares to get everything back on track.
Their share raise has come back and bitten the on the arse. IMO
I would think the 3 x $AUS300k is priority, even a placing for remainder is acceptable, but hopefully later when cobre is addressed and LC is selling copper, meaning the SP will be higher.....
Agreed with you Cornish but that won't be possible. We've committed to buying 50% of Redmoor from NAE which means from the 25th of July 2019, we have to raise A$100k each month for the next 9 months to honour our agreement. That's the easy bit, between 01/05/2020 to 25/06/2020 we have raise A$1.8m and the incurred interest. Then anything else can be put into LCCM but is there anything else... 1st payment of A$300k due 31st October 2019.
Agreed Cornish.
It might take a little longer than we planned, but as a long term hold i see SML as a great buy even at an average around 1.6p. Have a couple of stocks already planned for my next couple of pension contributions, but definitely thinking of adding more of these
I'm looking forward to the strategic review.im pretty relaxed as the company is still covering it's overheads, however there's not enough coming in for capital investment, which makes getting Leigh creek on stream critical. Unless some additional payment comes in from Cobre, everything needs to go into Leigh creek at the moment.
just nice to know you are still in this share as your knowledge in this sector is outstanding
I am, I'm in the midst of moving house and have just got back from holiday. I've not said anything here as there's nothing to say really at the moment.
Wonder if cornishknocker is still holding this share?