Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Whilst i am underwhelmed I DONT see a placing in the near term
Seen these type of RNS all the time. It pulls in punters all the time, them not realising who it is that fundraise these kind of things. Very easy to get geologists to play with stone and pay them. The poor Punter will never see a return but guaranteed hundreds and hundreds of placing and total wipe out.
AVOID
Where’s the grant? Wait for another year? Gosh, our councils are incompetence personified.
Or those that have rejoined Lupi!
We don't expect revenues from Redmoor assets any time soon, but positive upgrades can only help the partnering situation, which would immediately bring a Boom to the SP...
All we need now is a competent BoD to get the thing done. But don't hold your breath!
Looks like peeps agree....
Clutching at straws - no chance of any income coming out of these assets anytime soon.
Depends if there are any speculators left to speculate. This RNS takes me back to the boom days of Hanns Camp. Pictures of cores, and wording to match. It "boomed" back then so why not now. Let us hope that lessons have been learned. They certainly weren't by those of us still here.
Boom?
We have a years worth of Oxide out of the ground. We have a PEPR to process it. We are shovel ready. Sounds like a good investment. I wonder who would invest on positive news like that. When it doesnt happen.... well, just don't be a heretic about it.
Https://www.thestreet.com/technology/is-copper-the-new-gold
shame SML cant get it out of the ground......
I think the BoD knows exactly what it is doing, otherwise it would be incompetent. Therefore the only reasonable understandingmust be that most things are happening by design. How long can you drag out a meal ticket?
We'd need a BoD that knows what it is doing to get one of those updates!
...I might come in this forum and find and RNS with something interesting or informative!
I did read Ford lost $1300000 for every ev they sold
They're the future you know, like curved TV's
Https://www.mining.com/cornish-metals-uk-tin-project-worth-over-200-million/
And as for Alan Broome.....don't get me started!
'Releasing doesn't sound like selling. Even though we purchased.'
Lupidog, nothing surprises me with these clueless idiots (supposedly) leading the company. Utter morons....
Could SML release some info on how given all the minerals high levels there is still no indication of movement. And yes i would vote for Alan's removal from SML's payroll
And could we release the pointless presence of Alan Broome from SML?
To be able to focus on the future we need to be able to understand the past. Could we release LCCM back to somone as well?
Tx DVH I was missing the last piece. Releasing doesn't sound like selling. Even though we purchased.
Lupi, any reference to CARE in the company reports is listed below....
13 Sep 2018 RNS: "Additional funding arising from this sale is likely to be applied to further drilling around Hanns Camp, notably at Hanns Camp South, which remains highly prospective for nickel sulphide mineralisation."
4 Dec 2018 RNS: "Further work by our geologists and our Nickel expert, Dr. Martin Gole, has highlighted three additional high priority areas for potential nickel sulphide mineralisation within our Hanns Camp tenements. The commencement of the EM Survey over the targets is a key step in the identification of drilling targets."
30 Sep 2019 RNS: Additionally, funding which was originally allocated for exploration of the Hanns Camp site, that has not proved as prospective for nickel sulphide as expected, has now been redirected towards the development of Leigh Creek.
2 Mar 2020 RNS:
CARE
In light of cash requirements associated with both the Leigh Creek and Redmoor projects, the Company has curtailed expenditure on the projects of Central Australian Rare Earths Pty Ltd ("CARE") and this is expected to be the case throughout 2020.
Options to increase shareholder value are currently being assessed.
20 June 2021 RNS:
Central Australia Rare Earth Pty Ltd ("CARE") Tenements
During 2020, the Company began the process of releasing its CARE tenements back to the Western Australian State government. This is now complete.
15 Sep 2020 07:00 RNS Number : 8855Y
"As a result of the inability to locate an economically feasible deposit on existing tenements, the exploration assets were fully written off in the 2019 financial year and the Company has begun winding up the subsidiary."
- and then nothing. So did we sell it or are we still sitting on it?
Mt Weld and Hanns Camp. We certainly bought 50% of CARE in 2016 and the other 50% in 2017. We then sold the Gold tenements to fund Hanns Camp. It may well have been written off, but what happened to it. We owned it. Did we sell it? Nothing in the RNS's as I can see. Just that we sold the Gold prospective tenements. We carried on for a while afterwards surveying the Cobalt and Nickle tenements.
"After an assessment of the carrying value of the CARE, the book value of the CARE assets have been fully impaired ($1.122m) as at 31 December 2019. CARE remains part of the board's strategic plans, as noted in the infographic below, but in the near to medium term it sits behind our other three key projects."