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JP's podcast is just brilliant.
https://audioboom.com/posts/8455468-q-a-with-john-peters-of-strategic-minerals
I'm glad I topped up with 1,500,000 yesterday ... this is now a dead cert for me.
Goid luck all
50% spread... How am I supposed to add with such a spread?
The chat has gone back to the old days where everyone keeps banging heads with each other, better than silence though.
Our Bod are still being vague. They're taking some pay according to the RNS. "the Company has entered into short-term financing facilities totalling AUD $100,000, with an individual investor", "No funds raised under these facilities will be applied to BALANCES OUTSTANDING to the Directors or CFO." " the Board's election to take substantially lower cash payments". So they have been taking some payments and plan to take more. Who ever gave them the loan obviously knows them as the terms of the loan are they can't take it as pay. The loaner has guts though and must have been given re-assurance that things would start to progress and how. I wouldn't loan our board a used tea bag. I'm in another share where they drill holes, log the findings, then drill more holes and do the same, which has been going on for many years, so, "relogging and sampling of existing core from previous drilling, and negotiations to expand CRL's mineral rights" doesn't impress me. They should have been on mine design and putting it in place years ago. Mine what you know you have and expand the resource when you have a good income stream to extend the life of the mine.
As I understand it, in a few years, we can't have an industry where we can't source materials from our own country, electric cars come to mind. We all know our resource can't just be found anywhere. I'm optimistic some form of government funding will arise. What's done with that funding by our Bod......
A link to to the UK shared prosperity fund for anyone interested
https://www.local.gov.uk/topics/economic-growth/uk-shared-prosperity-fund-ukspf
Bitcoin, i have no issues with you, sell and go as you see fit, but please dont trash this board. You went balls in deep into this share raving about it, then all of a sudden you find a better home for your money and start "venting" then you apologise and say it wont happen again and here we are....peace.
I'm not embarrassed one bit... been here for 7 yrs
You are the joke for getting sucked into to the hype..
If you want to invest in a company that pays 19% for pocket money to keep the lights on ...more fool you !
Come off it bitcoin! You’ve been the companies/assets biggest fan boy for the past 18 months!
The moment they announce some positive tangible news you’re completely negative hahahaha.
As Blacksheep said, in the space of 48 hours you’ve made yourself look like a joke. It’s embarrassing.
You’re as entitled to your opinion as anyone, shame it changes so often! You had a rant then said you leave it, now are ranting again!
Truth hurts does it BS ?
It’s a retort to the interview just the 1 post
This is the 2 nd as you don’t like to hear it Because you know I’m right
What happened to you stfu as promised yesterday?
‘Its done now , so will not be repeated tomorrow or in the near term’
You’re becoming a joke! Ramped the share for years and turn all high and mighty now!
just had a listen to john read from his prepared speech, so the accrued deferred directors feed that jp has not received a cent of for 14 months are what ? clarity here will be good.
for the record the sums need writing off as they have not been earnt. !!
how much does sml owe the bod and when will they be taking it. ?
my thoughts..being a shareholder since 2016.... how many times have i heard watch this space ?
its a worn record like me telling the wife i'm going to lay off the wine next week.
19% equates to £6k english pounds.. what would you do ?
well john if i were in your shoes i would put the money up myself to promote confidence and to do the right thing as your tenure of late has been shameful along with the other 2 board member who have brought nothing to table but
hot air and broken promises.
you judge on track records...not future hope... how do we know this 30k tonne order is not from the likes of a barbara
esq type of outfit... storing at the presidents ranch.... as i said track record....history speaks volumes...
ii think paying mates rates of 19% even if the interest is £6k is shameful.
another management team can bring value.... the bod need to step down
jam tomorrow every ******* time !
You two, I have taken 5m (2m + 3m delayed) for a bit of a laugh, so the MMs should be able to give 0.23p to whoever wants to offload 5m....Trout.
Sounds like we won’t have to wait long to see if the promises from JP are delivered .
Interview
https://audioboom.com/posts/8455468-q-a-with-john-peters-of-strategic-minerals
Https://audioboom.com/posts/8455468-q-a-with-john-peters-of-strategic-minerals
Not the warrants per se. It is the lack of regard for sentiment in a market that relies on investor sentiment as well as positive results. We have an annual income of 3.4 m usd. The mcap does not reflect this, purely because of past performance and the need for positive sentiment. We start to regain the positive sentiment and they pull the rug immediately. They are either working to a plan or have learnt nothing over the past 7 years IMO. Either way we pay and they play.
Exactly davidious and its half a percent against the backdrop of 2billion shares
I'm not worried about the warrants. they are worthless unless the SP gets above 0.5
I’d agree , can’t blame people wanting to bail on a price hike after so much disappointment over the years . However I think the future could be very different . The Cobre announcements guarantee a good profit going forward and as per the last RNS there is news on the other projects this Q . The BOD know they need to deliver and shame on us if we allow the past to repeat itself. I wouldn’t get hung up on the loan . Cashflow was a problem so 5hey neede this to pay some outstanding liabilities and had to report it . Without the new contract Cashflow would have been a major issue but now it’s gone away . I’m a major shareholder and am confidently holding for a much higher SP .
Look at the income stream and timeline. The warrants were not justified for the sake of a couple of weeks. 3 directors not willing to put up the money/buy shares and then expect us to believe that we will see massive growth in 2024. This stinks of lifestyle on the back of our investments.
Its not the loan thats the cause, its 2 big holders wanting out, their mind was already made before the announcement.
People do what they wish with their money, always more reasons to sell than buy, thats shares.
3.4m usd per annum is 140k usd per fortnight averaged over the year. Why could we not just wait. We have already received the first payment (although no mention of the amount). Why did they have to do this and totally destroy any new sentiment and drive away new investors? There has to be a reason.
I think the reason JP is saying we possibly can’t cope with another big customer, is purely because as it stands the gravy train can run for another 7 years, but if they were to sell a lot more, that would bring an end to their cushy lifestyle a lot sooner.
They have managed to take the company to such a low level, it appears we are now having to live by means of “pay day loans”
Wipe 500k from the sp for the price of 3 new kitchens.
I got on a red eye flight yesterday morning and was thinking that SML has legs and it will rise back to a 0.43 holding pattern before any more good news and that the only thing that would stop this would be another intervention by the BOD to raise funds, rather than just wait, as the income is now coming in every 2weeks. Got to my hotel late last night, logged in this morning and as if by magic they have managed to do it again. Lifestyle is more important than shareholders.
Sorry predictive text Paltry.. not poultry
I’ve had a vent today sorry if it offended a few
But had to get it off my chest as it’s been building up
Its done now , so will not be repeated tomorrow or in the near term
Atb and as always good luck with your investments