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I don't get why some people feel the need to be negative all the time?
We ALL know there are issues here, but that's why SML is at 0.6p and not 2p, the price is seriously underrated against assets, as confidence is key and seems missing, even the MM's got it wrong on the news of arbitration pay out.
I shudder to think what would have happened had SML not been awarded $21.9mil plus 15% per year for recovery.
Must be the lack of Covid-lockdown content - seems that Looney Tunes are on repeats.
DJ just sounds like a bitter ex girlfriend who uses every opportunity to tell everyone what was wrong with the bloke she used to tell everyone was so wonderful! He’ll be along soon telling everyone about his great new girlfriend who is so much better than the last one who he really never loved this much!!
DJ "I’m not negative on SML on this point in time and at this SP".
Eh ... can I suggest you read your own post DJ? You are spending quite a lot of time on here for someone who's no longer invested. You've no idea what will happen with the arbitration settlement or Leigh Creek, same as the rest of us.
DJ I'm surprised that you can find the time to post here if you feel like you do about SML, personally I'm trying to stay focused on the positives of this company. My average is up near 1.68p so what good would it do to bash the BOD, if anyone wants to ramp this share ....... Be my guest, I want to make money not loose it even if that's just to break even.
2 non holders telling long term holders that a placing is just around the corner at a low price, that the know more about the settlement than we or the BOD do and moaning that others aren’t being factual - priceless! Jog on guys and look after your own portfolios rather than try and get in cheaper here!
DJ, my toxic quote was aimed at his first post, he's done the same on another board this morning, just like he predicted the dollar would "collapse" if USA got corona.
My view is also sensible that he does it for effect, and that as such hes toxic, now run along little man.
You've really nothing to go on for that DJ other than your personal opinion. You also have no basis for stating they would have settled as you don't know the details. We spent ~$20k on arbitration and I fully expect some of our $22m award to be recoverable.
Also a fact that Leigh Creek is still financially attractive even at current copper prices.
hes a toxic trader, just ignore
I don't share your view.
- $22m + interest awarded - we'll see on recovery
- Cobre is cash accretive: covering our costs which have also been further reduced by 25%
- Final installment pending for Redmoor but New Age have been very flexible on payment terms may be a cash shares settlement
- No other pending cash requirements other than Redmoor
HAHAHAH...22 MIL ....do you actually think it will happen??? that company has no money and if they have some assets worth to be sold will take forever in this market. Also they can appeal the decision...bla bla bla...layers and courts....and we have no money until then...
as you can see the market does not believe it also and this company needs money asap!!!
yes, the cash call will come sooner than you think!
Perhaps you missed it because you're not invested naked 'truth' but $22m + interest just been awarded to SML in an arbitration settlement. :)
WHEN IS THE NEXT CASH CALL??
I am guessing there will be a raise at 0.40-0.45p! A small discount for the BOD "friends"
Financials and Operations
At 31 March 2020, the Group's non-restricted cash balance was US$0.35I