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Semantics aside of what constitutes an ‘asset’, it generates an income that covers our overheads - and, to my mind, defines a revenue-generating asset.
""values $2m below book have 3 assets , one producing and earning and no debt""
I think we actually only have two assets, neither of which is near producing anything.
Cobre is someone's asset but it certainly is not ours, we just get to use it until we are told otherwise.
In response to the rest; I totally disagree. How many Aim miners , values $2m below book have 3 assets , one producing and earning and no debt.
Current price is market price, its cheap if you take a view, depends to you its expensive .
I bet your wife has left you as you do rattle on , repeat, repeat ,repeat. ...... Or deffo separate rooms lol :)
Nickel,
I can photo shot the email, just don't know how to post it on here.
Seems crazy you are bothered while not invested have you got nothing else to do .
If its your pride, let it go ...
You made a valid point it was cleared up. Happy to forward the email onto you ?
Prop - Thanks, okay. What's JPs email address?
Just remember though that NO ONE had picked up on this. And given that it's such a big point regarding growth and future share dilution I'm very sceptical. As i said, even if somehow the $500k isn't payable what really can this bod do with such a minimal amount to play with? This is not cheap as it currently stands, it's more distressed. Why? it has some assets like most miners but doesn't have the cash to take them forward. It's priced here for a reason.
Nickel, Instead of continually - and boringly - questioning the board over the tax-provision, in SML's accounts, be as arrogantly bold as you are on this forum by asking JP himself. Or, better still, if you think the accounts are erroneous, and JP's lying in his response to bitcoin on no outstanding tax-liabilities remaining, complain to the relevant ombudsman.
I think my reply crossed yours.
So not invested and no intention too ?
As a matter of interest what do feel is a good aim investment. What are you invested in ?
I am a mere novice learning from the likes of DV Harrison for one and the other posters alike.
I think this is what this board community is for , so we all help each other move forward.
Nickel, The provision has been taken care of, confirmation from the horses mouth !
You have not replied to the question ? Are you invested ? Sweeping up amy of these cheap shaes ?
Now you have clarity how do you feel about SML
You obviously have a beady eye for the detail ?
Seriously interested ?
And as for buying, i can't because of that.
Lets say you didn't have the $500k tax to settle what are you going to do with $500k to really kick start the business?
Bitcoin - Well the balance sheet is wrong then!! It clearly states that they need to settle those income taxes within 12 months.
Yes Prop, although I do occasionally find myself seeing messages from filtered people when my phone doesn’t stay logged in! He’s been spreading misery on other boards I look at to!
Blacksheep, Have you filtered him?
Someone let me know when Nickel comes back and apologises!!
‘If’ not ‘of’
Of Nickel were so damned confident in what he thought he knew about the company and its liabilities, why didn’t he possess the cojones to raise it with JP himself, rather than relying on bitcoin? No doubt he’ll needlessly excoriate another supposedly negative aspect.
Bitcoin - thanks for sharing. I think that's what you call a mic drop moment haha
Hi Again Nickel,
Just opened an email reply from John Peters himself . 6.30 pm in AUZ
'I can confirm that all of the tax liabilities have been met and that the cash balance in the quarter update as usual
around Mid October
Yes we did have a backlog that we used to minimise the June raise and due to covid we were able to spread this over a
longer period
Doesn't want an RNS but feel free to quote that the company has confirmed all tax liabilities are paid'
What are your thoughts Nickel, are you going to sweep up some of those cheap shares available today ?
your point accepted Nickel, Sorry if you feel I was getting at you. Banter is my way of a gentle wind up .
JP stated on Proactive Cobre keeps the lights on and pays ongoing expenses which I assume is tax etc.
A raise will only be considered to move the projects forward which to me is the way forward.
We need increased income to move forward as we are a little stagnant to date as most of the world with the dreaded covid.
I have emailed again this morning to chase up the and gain clarity on the $.83 provision.
I agree that a discounted raise would be disaster to pay the tax only.
As previously stated to be sitting on 2 fully paid for resource licences is a good place to be as long as we are moving forward
with them as best the climate and covid allow.
We cannot help delays from the powers to be @ LC and this was always a starter B4 Redmoor.
We are expecting news , lets see what we get.
The share price reflects where we are and I think the big holders Manners family and the BOD and the guys in this for a while will agree the current price is a pretty dyer consequence of relying on a single income stream and 1 buyer to base forward projections and expansions on.
Most Aim Miner do only raise for drills etc as they have no income so not all bad.
Aim is a gamble , we have so much more upside than when we were 2p without LC and Redmoor.
Batteries are the way forward . UK needs to step up and move projects like redmoor forward .
Auz copper is destined for China and is increasing in price.
We don't have a crystal ball but all I know is investing big at this price has big upside if it starts an upward trajectory.
We have the project 100% paid for Fira. Presumably offer terms accordingly.
Bitcoin - its only not dribble though if it's not ramping right? :)
What I have said is a very valid point that no one else had picked up on until i mentioned it. Without surplus cash SML can achieve very little
Nickel I hold no malice, more sarcastic than personel
A bit like walking in the pub for an early doors pint and clocking the same guy whose been there since lunch every day of the week spouting the same old dribble. You walk on by Nickel sureley .....
Do you drink before you post ? lol :)
I did email SML for clarity of the $.83m provision , not had a reply as yet but with the timeline did not expect an immediate one.
We are all over 21 here and nothing ventured nothing gained.
My gut feeling is all long term holders will do well .
All the best to the long term holders !
Bitcoin - the other thing for consideration, the post of yours is very humorous (i actually recommended lol) but making things personal doesn't enhance the buy case or indeed clarify why SML is not the position I have stated. You were going to email SML and I'm assuming didn't get a response or like it.
remind me why you are here Nickel??? shareholder in SML or sad case with ave to grind???
Bitcoin - great post lol. The facts are the facts though. When i called them as facts they were stated as opinions by all on here. Now that the balance sheet has been magnified for what it is at least shareholders can make a more informed decision on buying and selling SML stock. I put it to you , wouldn't you rather own a stock that won't need to do a discounted placing again? And HAPPY Wednesday lol
A cracker of a post.