Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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You are in full comedic mode.
Prop, if we have to wait until PEPR/Finance approval we'll be seeing JP interviewed in his Santa Clause outfit.....
DV, I was wondering that, too; however, we’ll probably see them in glorious technicolour after the PEPR and finance approval, and the release of the yearly results.
If JP really believed that this RNS was good news for shareholders he'd have been in front of the cameras shouting about what a great job the BoD was doing. The BoD has been in hiding for weeks, if not months....
This what you mean Freaky ??
https://youtu.be/nfWlot6h_JM
Shake it down…
…
As suspected more cash is needed. I suspect there will be yet another equity raise, alongside third party investment for equity.
As usual, the BoD needs a shakedown, cannot believe people still believe the stories being told. I doubt LCCM will be producing in 22 either.
glad to see any DE scions made after limited rns'. Now we know what is happening we should be due a wind fall of shares in the new company listing.
I am glad to have some movement on LCCM. assets are no good if you don't take advantage of them. any how money to be made.
The current BoD bought Redmoor and they were totally correct in at least one thing. The rising demand for the commodities they invested our money in. I stayed for Hanns Camp and look where that got me, so I left for a while. Now I see value in Redmoor and a bargain buy in price. None of us have to agree with each other and opinions are just that, a non factual personal idea. I hope you make your money on Redmoor, but the key to Redmoor is LCCM. If we don't have a key we can't open the box. We may as well just finalise a proven resource and sell it.
I haven't been around this share long and I have to trust the long term holders but I have read alot worse RNS's so I can't say I am overly disappointed. It's not hemogenyx style bad so I'll hold for now I think
Lupi, I'm staying because I see long term value in Redmoor if we can get rid of the current BOD - the facts speak for themselves, the BOD have lied to the shareholders time and time again and have consistently failed to meet any targets that they've set for themselves! The Redmoor project is a gem that can be monetised by a competent BOD.
Morning Lupi. My fear is the cost of the finance will be extortionate and any deal would not benefit shareholders. Remember the BOD as hopeless as they seem haven't managed to find people falling over themselves.
As you say the numbers can't lie, when and if they raise the money the truth will out as to the competancy of the BOD.
So we are back to why are you staying? If you see no chance of getting any improvement on the current sp?
Lupi, there is absolutely no possibility of a lender advancing a $10m loan to SML - absolutely none! We failed to entice a JV partner to the table and JV partners are less risk adverse than lenders! In addition, LCCM has absolutely no value without a PEPR and even then it only has value if we can extract the copper economically. Remember this asset was previously given away, for free! I don't expect the PEPR to be granted, there won't be any loan, there won't be any free shares with a listing on the ASX. The value here is in Redmoor IF we can get a decent BOD together to monetise it for us.
Correct there BS, my bad £5.5m, although the sentiment is the same.
P2CR. If we have an mcap of £10m and borrow £10m what do we have? An mcap of £0m because the asset is worthless? An mcap of £10m because we have a £10m loan against LCCM? An mcap of £20m because the lender sees viable collateral in LCCM? An mcap exceeding £25m because of the last, plus the asset of Redmoor and circa £3m pa income from Cobre?
If someone is going to loan £10m against an asset, the collateral must be there. If LCCM is only worth £10m (100% collateral), then lenders do not loan against 100% collateral. The ability to raise £10m against LCCM (if achieved) will be very telling.
Put emotions aside and do the Math. Numbers (if correct) have no ability to lie.
Now about these free shares...
Dotcom its 10M asd not usd
Another month , good post lupi
We are all battle weary
To a new fresh investor this has potential .
Let’s all pretend sml is a nee play for us :)
OK, lets sit tight and support the BoD (unless I can get 0.5p+ for my shares lol). JP bonus for progress to date...
Sorry phone has cracked screen , .. just dropped it at the gym
Will post from I pad later
it’s it the end of the world
Not sure who you guys are angry at. The Bod for the decline in SP or yourselves for staying so long when you have 0 faith? If a partner had cheated on you so many times, when would you leave them? Even if you were heavily emotionally invested. Are you staying even longer to keep being disappointed and venting it publicly or will you finally make a decision to stay and support your investment or leave and cut your losses and improve your mental health? Venting in public when most of you (there are exceptions) do not even bother to contact the BoD or associated entities, shows a lack of willingness yourselves to work with the company you part own.
We are trying to raise more than our current mcap. What does that tell you about LCCM? We are looking to list LCCM on the ASX (free shares). We are so close now, but you let emotions rule over business.
If you are even just staying to break even and jump ship, you are going about it in a strange and self-defeating way.
I get back in my box now and enjoy watching my investment while interacting with all parties involved.
Yellow. Are for the Bod
July . The start of a new season
Sit on your hands
Progress…. Baby steps
Will be buying any sun .40 p
Will take this. News like fall a d a few cracked ribs
Will feel better in 6 to8 weeks
The good news is we are moving forward
I see light at the end of the tunnel
All the best
I am sitting g on my hands
Now needing 10 million not 2,how could they be so far out,stop taking your unjustified salaries ,3 parasites need to go.
Morning Gorsuch.
He's been doing little other than taking his salary,taking his bonus and shafting shareholders. The guy is incompetent and out of his depth. Covid gave him the perfect excuse to avoid proper questioning at a face to face AGM .
The woman in the US saw him for what he was and done him up like a kipper. Next step in the debacle will no doubt be dilution as they can't get finance. How much longer can this fool survive?
Feeling really deflated. Bitcoin, please post some positive information for us.....
If you’re unhappy just sell. It should free up more time for you personally as you won’t need to spend your life writing so much ****e on these boards.