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Would pay for a mine manager for a couple of years, until we get mining.
See how much we see of it
The claim is confirmed at 160k. The receiver does not say at what cents to the dollar it will be paid at or even if it will be paid.
No1, its $160k, not to be sniffed at and no2, it clearly defined SMG as a victim, even though they did make a nice bit of profit out of the mess it became.
Chapter closed.
Now JP Get an F'ng deal done on LCCM, Copper is nice and high and believed to continue rising - ffs finance was supposedly your strength.
Since when have they been concerned about the company’s costs - JP’s big bonus, for instance, a few years ago, when spare cash was rapidly dwindling?
Barely covers the company's costs!
That’s JP’s bonus sorted for this year - for a successfully small claim against Brenda.
Https://broadreachreceiver.com/uploads/1/3/2/9/132950887/2024-04-30_no._310_15th_quarterly_status_report_277145695.1_.pdf
"The SMG claim has now been confirmed in the amount of $160,000.00"
Every communication made by the BOD further demonstrates how out of touch they are in terms of strategy, their marketplace and investors.
The performance of the share price is linked solely to their lack of judgement & progress with anything. How John Peters has the nerve to even comment shows how out of touch he is with his so called area of expertise!
"copper can't be mined fast enough"
Or at all...
I don’t believe we’ll receive it, at all: the length of time between resubmitting the request (sometime last year) and awarding the grant (still waiting (or was it awarded to another company?)) has been inexplicably long - exacerbated further by, of course, the BoD’s hifalutin language on big - and strongly implied company-changing - news in Q1; yet, here we are two-thirds into Q2, without being any wiser - back to bad (and true) form by the BoD, then.
Redmoor Grant before new Government in July??
What are peoples views??
Were we told about the large bond payment?
Appreciate the bod have said at 3.7mil,this is bigger than expected, so it could have been 2mil to 2.5mil, was this level ever explained To p. I'd??
Where was it ever coming from?
Dilution?
But they can't do that due to the demolished sp
Sam
The extract below is from RNS Number : 9529E, Strategic Minerals PLC, 12 July 2021 - Todays price is $4.76/lb with an exchange rate AUD/USD 0.67%. Copper has gone up and that has been balanced out by the exchange rate doing us no favours. The margins are there, but are they there if shared? The BoD say they (to a large extent) expected the associated conditions and that the bond was higher than expected, but managable. 3 years later and we have not really moved at all. We had 1.9bn shares in issue with an sp of 0.5. Our current mcap is less than half of what it was back then. Information is not forthcoming and lessons do not appear to have been learnt. If LCCM was commercially viable it would be producing IMO.
"As part of the approval, the DEM requires:
· An environmental security deposit of AUD $3.7M.
· Native Vegetation Fund contribution via a Significant Environmental Benefit payment of $81,398.52 to offset for native vegetation clearing.
To a large extent, the conditions associated with the approval were expected and reflected on LCCM's PEPR application. Whilst the bond requirement is larger than catered for in the Company's financial modelling of the project, the Company is comfortable with this level given the current overall amount of funding being sought.
The Company considers that the cost of funding the additional environmental security deposit will have a negligible effect on the profitability of its planned accessing and processing of material at both Paltridge North and Lynda/Lorna Doone (the "Project"). This impact will be more than offset as current market parameters indicate an increase of around 20% in the LCCM's Project profitability, reflecting the current copper prices and the AUD/USD exchange rate (US $4-28/lb and 0.7500 respectively) compared to the previous levels employed (US $4-00/lb and 0.7800) and the Project's 50% operating margin."
I read about great near term predictions for the copper price.
What do these guy's need to get their finger out???
Let's face it...the current BOD have presided over a shocking share price performance over many years which is directly related to their judgement & actions. Despite all of the RNS's & interviews nothing has actually materialised & the market has acted accordingly.
SML has just become a typical AIM business, producing very little progress & promising for better things tomorrow.
Share price is progressed through actions not words. Investors have been more than patient so please Broome, Peters & the rest please get off your back sides & either move on or deliver something. It isn't as if you've been short of time!!!
"hopeful"
Now there's a reason to invest.
There was a ramper spike here some years ago based on what? We may have rare earth's?
So apart from that, this is based on forward looking statements in rns over the years
That have not materialized, over how many years
Its difficult not to call this a lifestyler
I think "recapping" is helpful. These are company news releases. These are the statements by the Board of Directors about the company, its health and intentions. Recapping shows exactly what we were told versus reality, giving a historical context. It reminds us of why we invested and why we are where we are today. If we are not given the expected updates "Accordingly, the Company is hopeful it can deliver positive news on both projects during Q1 2024" (LCCM), we can see it is business as usual and have to "chat amongst ourselves".
Most of us know the back story to where we are now, im not sure recapping is helpful.
We have had many discussions about trying to get a group of share holders together to do something meaningful, yet last time, it was only me, prop and fira that actually stood up, we should either do something or let the BoD carry on, middle ground is only self inflicted pain.
That RNS reads like it was written by someone high on cocaine, that's trying to describe their biggest fantasy.
Amazing how far we have progressed in 4 and a half years. People reading that RNS (22 Nov 2019 07:00
RNS Number : 2908U) could be forgiven for investing. An interesting read or recap for those who invested on it. The question is should the BoD be angry at the shareholders or should the shareholders be angry with the BoD? I guess that is down to the individual.
Small cap resource companies buoyant atm, SPs on the increase across the sector! As for SML.....hmm nothing.....
While I am sure that all holders appreciate the continual analyses and reanalyses of drill-cores, soil samples - and how the air quality and the stars’ alignments affect selecting the next drilling spots - that increase knowledge on the quantity of metals and therefore uplift the resource, the fundamental share-price accelerator still eludes our BoD: funding to monetise Redmoor. Judging by the soporific reaction to this year’s positive news, Mr Market seems confident that the BoD will yet again fail to deliver on their early-year announcements on big news on Redmoor and LC.
Back slapping and 1p or closed doors and 0.1p??
Re: Cornwall Grant Submission.
Time is running out I fear…….. likely a change of Government in the UK in September / October and then all grants / funding initiatives will likely be suspended whilst the ‘new government takes stock of the situation’ IMO