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That sounds nice, can you keep costs down to bare minimum and use the next year or so to start up LCCM slowly?
Have the UK govt and councils met Competence and Strategy?
Granted we don't produce any but if there were a BOD and competent deep state / government in the UK, perhaps we and the existing producers might.
Interesting discussion on Germanys tungsten / wolfram requirements during WW2 and Spains mines that were developed by Germany, presumably if deal done by Trump re Ukraine, there'll be massive tungsten demand by whole of Europe for rearmament?
https://forum.axishistory.com/viewtopic.php?t=163333
Leeching does require expertise and experience, i do agree continued careful finance should allow a slow but steady commencement with the Cobre funds, get that going then focus on redmoor
LCCM doesnt need experts. We already have enough paper experts. We were told the oxide was "shovel ready" we have had permission to process the oxide for over a year. We now have increased income to facilitate the purchase of a shovel. Unless we were misled, why are we not processing oxide?
With all the fighting going on, tungsten is very much setting the world on fire, only the limited amount of DU is better for ammo than tungsten.
Im not a fan of LC, but also not a fan of selling it off, get some experts there and get it going, cobre is not enough to fund Mgt and review Redmoor.
Yeah, shame redmoor is more tungsten than tin....
A dead glow-worm in a jar wold dazzle us more!
All we need now is news flow......
The last two trades were UT trades from the auctions so not the MMs spread. Basically if someone wants to sell at 0.27p and the offer at that price in the auction, someone is likely to take them up and it trades there.
The spread is wide, but the MMs aren't sure where it is going to go and with lack of volume are going to all sit together on the same wide spread.
Give it some newsflow and the spread will tighten.
I would love to know what the MM's are doing with spread? There have only been 3 trades all day and with a 40% spread, it looks like that's too much. 5 weeks to the end of Q1 JP! Time to dazzle us.
Well the Golden Cross has nearly formed now with the 50daySMA crossing above the 200day SMA, with both moving in an upwards trajectory. A good chart signal, so just need to see some news now to kick on from these levels.
No idea on the court case. They don't give any indication of when it will be finished. I read the whole thing and they're getting payments up to December and other actions are still ongoing, so I guess they won't consider who to pay and how much until after everything is settled. We might not get a lot but any amount will do to improve our outlook. I'm more concerned with what will happen with any generated income, given our Bod's previous history. Get going with things quickly, or step down. I've no patience left for people who talk but never do.
Dont forget SML made a fair bit from Brenda, the issue was trusting her and kind of relying on the extra income. The court case was about being seen as a victim - anything is a bonus IMO
Aye, the most. But we will actually get a lot less or nothing. Wonder if the court case (settled) had any bearing on this?
Good stuff Lupidog.
"However, the Receiver has since resolved the disputed creditor claim of
Southern Minerals Group. The Receiver has now confirmed the creditor claim of
Southern Minerals Group in the amount of $160,000.00, which negotiated amount
represents the claim amount that will be attributed to SMG for purposes of a future
distribution process when the Receiver proposes a plan of distribution to the Court.12
With the resolution of Southern Minerals Group’s claim—previously asserted
in the amount of $21,929,259.00"
So the most we will get is $160,000.00?
This is dragging on longer than my Superfast connection which gets put back a year every year.
It is about tie we had an update on the filed PEPR and if we club together we could go for a Coastco $8shovel for the "shovel ready" PEPR which is coutnig down the clock. What was the point if we don't use it?
We may eventually get a pfennig or even a groat.
Don't hold your breath as if you read the whole document the receiver mentions "Based on existing settlements with extended payout schedules, the Receiver anticipates bringing in an additional $1,850,000.00 in settlement funds through
December 2025"
https://broadreachreceiver.com/uploads/1/3/2/9/132950887/2024-01-29_no._289_fourteenth_quartery_status_report_275813565.1__275814851.1_.pdf
I could be wrong but heard somewhere. it's to do with spread betting but it's a subject I know very little about.
Would somebody mind explaning what all those trades at 11.09 mean? Brokers still charging for each trade aren't they?
The 10p talk belongs in the same fantastical land as that inhabited by the the great, free-roaming - yet ever-dwindling - beasts of Brexit roam, with the greater-spotted unicorn the pinnacle of the touristic vista. But caveat emptor: many of AIM’s companies trade more on sentiment than on intrinsic commercial value, meaning that the right news, at the right time, in the right market, with the right investor-base attuned could catapult it close to 10p.
Back to reality: with joint-venture discussions successfully concluded and publicised, on Redmoor and LC, then 3p-plus becomes eminently achievable.
You're a brave man! I think my biggest error was getting too attached to the story of a share and greed. I got sucked in to the multi-bagger talk that usually didn't come true. I guess if you bought in at these prices, you have a chance of getting back your loss and more, so overall, no harm done. 10p, not for me but on good news, 1p, 2p, even 3p is possible. It's about 6 weeks left in Q1, I can wait a little longer.
I had a full head of hair when I first bought SML. It's mostly gone now! My hair is just age and nature but happy to blame JP ;-)
Hi Fira.
It all comes back to the same problem.
Have you sold completely here?
Can you imagine running SMG, our saviour for all of these years. You go out, work hard and the profit goes to SML.... They sound like a good crew at SMG, they do a great job but only for a wage. How much money have they passed on to us? What did we do with it? If you ran Cobre, how would you feel about what happens to profit from your hard work? Would you have loyalty to SML.....? I'm thankful we have them pesonally.