Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The Cobre sales is good news , the loan and warrants insignificant. The BOD need to give good news as promised in the next few weeks to show they are not going to milk this cash cow for another year . That is the only thing that can get the share price moving and give the shareholders confidence .
Another poor update. No responsibility or accountability for the cr*p position the company is in and Alan Broome still Chairman. Worse than the Post Office scandal....By the way what is happening at LCCM which the BoD told us was such a great asset? Going the same way as other 'great assets' like Mount Weld and Hanns Camp?!
RNS 13 June 2018 (LCCM)!!!
Commenting, John Peters, Managing Director of Strategic Minerals, said:
"The SML Board is thrilled with the highly skilled and experienced technical team that has been assembled to progress this exciting copper project. The team has over 100 years' combined experience, much of which is in South Australian copper geology and processing. The quality of the team provides a superb foundation from which to review potential development and processing options and settle on a work programme that will minimise risk and maximise shareholder returns.
"The SML Management and Board are closely following the progress at LCCM and have established reporting arrangements and management policies to closely monitor developments and to ensure delivery of sustainable operations mid-2019.
"The work programme and the development of LCCM are both expected to be fully funded from the Company's existing cash flows, and we look forward to updating the market on the progress of the work programme during the September quarter."
The original lending facility of $100,000 provides for a repayment of $50,000 in early May. This loan is evidently required to meet that repayment. Considering that we’ve been receiving payment every two weeks from the additional Cobre sales, one can only conclude that these payment receipts are being used to pay down the outstanding directors salaries!
Total failures
Don’t even have 50k to address historical creditors .
the 3 stooges running the show want there back pay while yet again forecasting jam tomorrow...
where is this watch this space news jp said was coming by the end of the month...
lets face it any increased revenue and profits will be used as a bod cash cow...
lets face it these interest rates are extortionate and with warrants attached ...
mates rates... i am sure money is being borrowed at market rates then lent to sml to pay pay day loan rates....
**** show ... bod talking up polished turd business
where is w
Aye, they announce increased income and throw in warrants. Show us a picture of a nice shiney Cat with the first warrant money, but show us no proof of life of the $700k equipment bought for which we were handsomely diluted. Are warrants not simply delayed dilution?
And the warrants… mmm
Thank for the info, Lupi.
It's a good sign for us that Tungsten West's (TUN) shares have performed so well recently.
A bit of positive news and I think we could see a similar run for SML
Who knows? The last alledged signal was expect increase in volume, but keep moving sideways and there was and they did. Todays 400 is an alledged move it sideways signal.
Plenty of anecdotal evidence out there. People graph and track to prove or disprove it.
This may help raise a light hearted moment and see if they come to fruition or fail to produce. No more unreliable than speculating on misinformation. https://www.reddit.com/r/Superstonk/comments/u7iox3/it_is_time_to_talk_about_market_maker_signals_i/
Do those codes’ meanings translate into how market-makers really communicate on whether to take the stock up, down, sideways; or need more shares or to unload them? I remain sceptical - mostly because of my lack of insider-knowledge on trading.
Still sideways
Read Mark Thompson’s take on tin over the next few years:
https://twitter.com/METhompson72?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Good news would be selling it.
I think we could be in for a decent recovery in the share price as other companies are starting to move higher from oversold levels. It would be a good time for SML to release some positive news, especially on Leigh Creek given the big rise in the copper price
Strangely I couldn't get a quote to buy any more than 250k for the last half hour.....Quite a small amount for SML...
SML is far more likely to receive larger funds from a grant at CRL for developing the Redmoor and further project areas.
We also have March Cobre figures to come, anyone thinking that Brendagate was going to be in any way beneficial to the Company is barmy, they have probably spent more on lawyers than they will receive, leave it on the history bonfire and look forwards
So $160k at most and probably not for a few years.
"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.1"
Https://broadreachreceiver.com/uploads/1/3/2/9/132950887/2024-01-29_no._289_fourteenth_quartery_status_report_275813565.1__275814851.1_.pdf
"With the resolution of Southern Minerals Group’s claim—previously asserted
in the amount of $21,929,259.00—the amount of total claims against the
Receivership Estate has been reduced to $134,526,420.40, and the total amount of
non-investor creditor claims has been reduced to $65,152,650.87."
Yeah,
I think one of the directors wives spent the "winnings" on a new orangery- once her kitchen was completed.....
Hi
Old news, but I remember reading about a lawsuit and a judge awarded sml a big payout.
What happened with that?
...for SML investors. Survival of a potential processor of Redmoor output, and survival of a potential predator. Watch that space. EA permit at Hemerdon dependency......................
Will JP delivery on his bullish comments on LC and Redmoor? The failure to fulfil positive statements over the previous years monopolises the market’s distrust in this company - over to you, BoD, to post the lottery-winning tickets on JP’s expected serious re-evaluation of the market-value as a result of publicising funded plans to monetise those two assets.