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How does Cornish lithium fit in with everything going on. Any ideas how the Cornwall asset is moving forward with mining high on the list in Cornwall.
Just be nice for these shares to have some value in the next 10 years
Dyryan you misunderstand me. It’s more of frustration on my part when I refer to gold. I previously planned to invest in solo gold, but my monies from another investment were delayed and I missed the jump from about 5pm’s. Pretty sure it was 40p at some point.
Greatland I watched around 0.5 - 1.5, but never committed to buying any shares.
I am heavily invested in SML, an average of 1.00 with about 3.5 million shares. I purchased SML recently at 0.45, but prior to that have purchased at 0.25, 1.2 and 2.2.
I still have faith in SML, it’s not had a good run of luck - but it’s still turning a profit so fingers crossed.
I know SML could potentially go lower, but there seems to be plenty of scope now for better news to get us back over 1p.
Fingers crossed, be good to get some more positivity going back on the board too - although given recent events can understand the frustration of some.
It’s not taking much to move the share price North again. When the positive news starts flowing, we will be back over a 1.00 before long.
Then 1.5 - 2.00 as we move towards production at Leigh Creek next year and if we ever get to the big day........ boom...... 5.5 ?
Lots of eyes are on SML now, regardless of what’s happened it must be a tempting buying opportunity at these levels.
If I ever manage to make any money on the aim market I am going to start focusing on Gold..... could be waiting a long time...
SP holding well considering all the markets have been sliding south today. SML remains static passing between 0.4 and 0.45. We just await news and it’s doubtful that’s going to be this week or next week.
The share price of SML has always been well worked, especially with the big investors in the background playing on the dips and peeks of the share price.
Patience, patience, patience - it will come good eventually.
Is it an advantage that the share price is cheap for a JV partner ?. I just hope that is less riskier from the angle that the new ‘prospective’ JV partners are looking at this ..........
Surely this is now attractive at these levels, Cobra still has plenty of years remaining - so we just need Leigh Creak to come good.
Isn’t open mining what SML do well ?
Plus remember the legal problems SML had with cobra, they turned it all around pretty well. JP shares cost 50 ish pence, so we are under that level...
We have settlement from big client due (let’s hope for 2 million), Leigh Creek licence, JV partner Leigh Creek, possibly JV partner Redmoor....... come on SML please get us moving in the right direction again and restore some confidence with share holders
The BOD say this is doable in a year, but straight away the license could be delayed by Covid - so a little open ended.
It is in everyone’s interest to get this moving though to make the most out of copper when it is on the up.
We were waiting for confirmation of a JV partner towards the end of last year - but it never happened. So from the high’s of 1.5 - 2 we have fallen to 0.45.
Now we await confirmation Licence has been approved.
I assume no confirmation of JV partner until licence is approved.
If we do have a working mine in 12-18 months and it does produce 200-300 tons of copper a month - happy days.
I think we had a gross annual profit of between 1.5-1.8 million last year for the business. So an addition 1.2-1.8 gross Monthly income from Leigh Creek Will considerably change the mcap for SML.
In the sort term 1.2 million per month has been mentioned, based on 200tons of copper.
Still lots of ifs and buts ahead. If/when a JV partner is confirmed then I guess some confidence will be restored and we can return to 2p again - hopefully
5 plus pence when the mine is up and running.
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/922661
https://www.nsenergybusiness.com/projects/leigh-creek-copper-mine-south-australia/
When the JV partner is confirmed that will be the real green light for Leigh Creek. Surely a JV partner will provide some reassuring validation to the potential success of the project, that the BOD are currently unable too do.
Licence first though.. a few interesting weeks ahead ...
Didn’t JP suggest that there was the possibility of keeping the JV ‘within the family’ .
I guess with the company having 8% director share holding, it would make sense for the majority share holders to form a group and consider supplying the £5 million. The risk associated with this 5 million and getting mine into production must be considered pretty high, so whatever deal is done paybacks going to be a fair chunk and possibly include a percentage of copper in the first 1-2 years.
Any more thoughts on what this JV deal look like ?. I have no idea just picking up on what has been said and crossing everything that we will eventually get past 5.5p.
Corona Spiking in Australia at the moment is prob not a bad thing long term. Hopefully by the time the licence has been confirmed corona will have settled and we can crack on getting this mine ready.
Given Corona spreads more in colder climates SML at these levels is potentially becoming a more attractive investment .
aus winter is nearly over now.
So we just need the licence next, fingers crossed....Then JV partner.
September is spring down under, so completion by next June before the aus winter.
SML must be due some good fortune by now.
What would a conservative estimate of an additional 1.2million per month income do for the current share price ? Would assume it’s still going to take a couple of months to hit the goal of 200 plus tons.
Time for the BOD to deliver...
https://www.nsenergybusiness.com/projects/leigh-creek-copper-mine-south-australia/
Well I should of been out at 1.8 ish, but got greedy. Then got a little eager and started buying at these levels, so my break even is now 1.00.
My plan was always 3+ And with talk of
5.5 + it was all looking pretty promising.
All said and done I remember when we had no money coming in and Cobre was having problems.
Whatever happens it should be an interesting ride from here if nothing else.
If the license gets refused I promise to start being negative. It’s just there is so much competition, part of me gets the feeling someone wants a much lower share price here.