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Agree Stockdale,
good company , no concerns from me , will come good ,needs time and patience
Troutisout
good reply thanks and can understand your perspective even if slightly differing viewpoint as to selling
In comparison my SML egg is small for amount have invested comparatively to you ,but is a decent sum in my mind.
I am no major player in any of my holdings elsewhere
Was raised on the old principle of not putting all my eggs in one basket approach.
Therefore have many smaller eggs diversely scattered
best wishes for all
onward and upward
Not sure where I got late July from. Full production after a test first ton Maybe?
Even earlier. I recall last year the start was for mid 2019. So week 2 of April is impressive. It still takes time to build up production with the chemical process.
Stockers rarely gets facts wrong.
LC started, as I recall, end of July? Started earlier than expected. The heaps require several months of acid flow to get results. So yes it has only just started.
Dgr, That’s too funny.
Thats like saying my commute home has been stationary "so far" when i don't leave for another hour
Fira, LC has only just started. So very harsh to say 'so far'.
with the confidence this bb currently exudes I think we might finish blue today...
Fira, Your description of LC as a ‘duster’ strongly implies that it’s been a complete failure; it would help immensely if you employed language that would be less negatively exaggerative on LC (which we know produces, but to not what extent - hardly a duster, then) than that used by the ERG group to describe Britain’s relationship with the EU.
JP said that cobre sales HAD increased last month. They needed to as Q2 profits didn't cover corporate overheads...
"I believe JP alluded to something higher"
That appears to be one of his biggest faults, he alludes to too many things.
Should be soon anyway. I would think the recent issues have caused some thought needed in ensuring the figures are correct. And maybe to get their excuses right?
It was just the latest date that any of the last 4 trading updates had been published. No guarantees that an RNS will drop tomorrow....
Q3 numbers were out on 9th October last year. Not sure where tomorrow's date comes from for this year. Mabe dv could explain?
Lol @ fira...
I'd agree with that Slurm.
The constant agitating for updates is going to have a negative appearance to people. I think it all comes down to the investment horizon that people have.
Trout I would agree with all but the poll bit, I started the poll just to "have a bit of fun" was tired with people arguing( if that's the right word) and the lack of discussion. All but 1 late entry were positive in my mind some overly, but I dont see any damage done.
In my limited opinion I see way more damage done by posts demanding updates and news, any possible investor coming here might get the impression the shareholders are kept in the dark.
GL all.
Just seen Slurm post similar to the last bit of my post and in a much less long winded way.
Dillon,
You don't seem to understand that I am saying the result of these type of polls is nearly always negative to the SP, so therefore would be a sell signal. Just because I have't sold doesn't mean it isn't a sell signal, if I saw it elsewhere and had a smaller holding I would sell.
Why? Because the collective guesses tend to bolster everyone into a wave of optimism and hope that everything will be great and the SP will rise. Unfortunately you tend to only see these polls on Companies that have already sunk SP wise and where holders use it as a way of trying to ramp up more enthusiasm. SML has suffered ever since I have held it with sell offs on good RNSs, it now has suffered from a run of negative RNSs, but more importantly these downward moves seem to be exaggerated by the perpetual beliefs that things are definitely going to happen by a date in the future and when that date passes, or the likelihood of it actually happening by the date is quashed the downtrend is heavier. It is understandable for holders to try and grasp at positives and hold them dear, but it isn't reality and is mainly down to the low share price we are at (these things wouldn't be so rigid and expected, if the SP was much higher and everyone was in profit, people allow so leeway).
This doesn't help the BoD or the SP so I don't know why people think it a good idea to do so.
Even this morning a poster is saying where are Q3 figures, what about an LC update and where is the strategic review, now why should we believe we should have any of these by today or even ever? The strategic review is likely to have focussed on costs and plans for the future, I would say the mothballing of CARE was a result of that review (most companies don't announce the results of their strategic review as most of that will be commercially sensitive. We will be told of things like the halt at CARE but no more. The Q3 results will come when they do, just because of certain dates over the last few releases were earlier in the month doesn't mean this one will be. Finally Leigh Creek updates will happen when they have something to update, to keep demanding one is likely to mean when it comes people are disappointed as they have revved themselves and each other up about what possible positives could be in the update.
Some people here quote 'patience' but don't seem to have that themselves....
Correct dillon. I know this is a good company based on the BoD and their projects. One bad client does not make SML a bad company. And the way the BoD are mitigating that actually makes them a good company.
When they said Q1 2020 for Leigh Creek and then only mentioned 2020 subsequently I don't see that as bad I see possible normal delays or maybe Q1 but just didn't mention it the second time. No need to panic or lose faith in the company. Look at the facts for SML. Their projects and what's there.
Troutisout,
i was responding to you apparent "sell " perspective based on (sorry everyone) the views and ramblings, including "the guesses " that these chat rooms provide .
You seem to indicate (based on your wording not mine) that you may actually believe everything everyone writes on here and negative views would entice you to sell?????
Glad to see , as indicated by your chat your sizeable holding This to me it indicates your vested interest in writing good things and venting your frustrations on the negative.
However ,
agree with this being longer term holding to make profitable returns in the future , My own decisions to stay in/ get out or even to buy more would never be influence on the chats posted here .
No offence implied
Hope none taken