Circa £4 m market cap ..28 Apr 2023 14:07
Having just seen the interview . I think JP was poor , reading a script , no personality a flatline , do not think he taised his eyes to the camera
The content was same old , subject to , cannot be confirmed .
The directors haven’t taken full income , just postponed until finance is in place so directors remuneration is being accrued .
There have been hurdles but the performance has been ****e , it really has ..
That said , the comments on not having a raise was comforting .
We have heard everything else a million times
His comments on Cobre , are bull**** as any profits cover directors fees. Nothing else
So on the basis the Bod are staying , what can we expect ?
The truth is we have two 100 % owned assets plus Cobre , the directors cash cow .
No money to move either forward
Very little cash and accruing directors fees .
To be frank I’ve got more money in my current account than the SML group of companies .
That said I don’t own Redmoor or , LCCM . I think they are worth the current market cap and do have inherent upside. Sooner or later
So I’m going to put my strategic asset head on like worsen used to and say .. there is value to be had from here at some point in the future .
I think .15 p is bottom
As such I will be positioning further
Call me crackers .. I’ve been called worse
Atb , great bank holiday weekend to all