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Nice to see POW move, had some joy in AET still bleak
Nice one bitcoin, always nice when a position in a stock bears fruit. Doesn't happen too often in the current market!
I have a few irons in the fire atm C .. but thanks for thinking of me atb
BB fancy a venture capital endeavour? Asking for a mate
Bitcoiner,
£50k up on pow, well done, do you not fancy taking over from JP as you work for your money whereas JP just collects his monthly lottery win?
Market makers Friday fun , means nothing , looking for weak holders ..
movements on small volume mean nothing
Good news .. £50 k up on PoW this week
Agree strange trading atm
.236 to sell NT to buy weird -10%
My screen is showing 10% down. This just gets worse!
Hmmm 2 green posts in a row I wonder who it is ??:):) Nevermind the futures still bright for sml imho
A data-room is a metaphor for a secure, online portal with the relevant documents for the interested parties to pore over.
The infamous data room of SML - just a small 4 x 4m magnolia coloured room with one filing cabinet in the corner, there is a small window but it's overcast outside.
Agreed prop - I think it's pretty balanced and reasonable today
Heartening to read a sensible discussion, today.
"Redmoor - I do think ... " Croutom...... you.... lose the plot
This is my point Fira - how long will the second submission take? - I think we're in an environment (quite possibly the last time for a while) where these metals are at such a low price point - bid offers need to be put in now (if at all) while we've got a limping dog and due diligence needs to be done quickly (wouldn't be surprised if it's already underway)
Redmoor - I do think it's a desirable bit of land, the value of it will be much higher nearer the end of this decade when it's actually feasible to mine, the only other potential buyer of Redmoor I can see is Cornish metals and they're currently struggling with free cash flow (At $5m as of April 2022). I don't think we'd be able to sell it right now.
I do think a company acquisition is still possible - right up until 2nd PEPR comes in as we've got such a low MCAP and will have until full LCCM is authorised. It's just a waiting game (a game we're all so used to playing!)
Croutom... how?
how AB sold Redmoor.... ? for 2.5m ? how?
OR a bid/purchase of the entire company by a bigger fish - ideal
I think that's it in summary Prop - there is value to be had (just a while from now) and selling now would cop too much of a loss (especially with this huge spread). We have to wait for the government to grant & fund the carp out of Redmoor (god knows when) & this next transitional PEPR to go through for the full project to be viable (again no mention that this has been done already).
Fortunately the underlying assets & metals should grow in value over time so the uplift once one of those come into fruition will be proportionate to thier value at the time. But it's just a case of waiting for the first of these snails to cross the finish line.
I'm hoping I'm proved wrong here and we get funding asap... The only reason I could see for funding now is if there's a queue of suitors and one wants to get their foot in the door and woo JP first with an offer in the JVs favour
Tap an,
Don’t feel so bad, we were all taken in by the spin from the less than truthful BOD.
They are doing fine thanks and will continue to do so As long as Cobre pay their extravagant salaries.
It's a shame that the bod do not put as much energy into running the company for the benefit of shareholders as all the posters on this BB: if they did we would be flying in to the blue yonder rather than crashing into the dust. But what do I know, I was mug enough to invest here in the first place.
Therein lies the BoD’s real strategy: for Redmoor, hang on to the coat-tails of other similar companies’ ventures in Cornwall, and the UK government’s support for strategic metals; for LC, rely on the expected increase in demand for copper, and on a Brenda-payout to fund its production. They possess very little control over the future direction of this company: external - and uncontrollable - factors determine its trajectory.
routom, had forgot we paid so much for AB's share of Redmoor v
?
Croutom, had forgot we paid so much for AB's share of Redmoor....
half of sml now.....how?
It is a shame - I think for the small MCAP we just have too many (by that I mean two) money intensive projects with money intensive directors running each show - if one was sold to concentrate on the other it will give us a bit of money to go digging and clear some overheads - I know LCCM leaves a bad taste in everyone's mouth but it's just way more feasible to mine and generate revenue in the short term - I know the BOD have been saying this for years but it is the operation closer to production.
I'm happy to go ahead and pass a vote but as Slurm said we need 10% - if not I think we're going to have to sit tight for that second PEPR before funding gets achieved - fortunately they can't dilute $10m out of the company!
i do wonder that if SML cant get LCCM off the ground whats the point in holding Redmoor, its like Tesco's land policy of the 90's which was buy up land so no one else can develop it with no intention of developing it yourself.