RE: SML barely have cash for it's income taxes!!1 Oct 2020 11:13
your point accepted Nickel, Sorry if you feel I was getting at you. Banter is my way of a gentle wind up .
JP stated on Proactive Cobre keeps the lights on and pays ongoing expenses which I assume is tax etc.
A raise will only be considered to move the projects forward which to me is the way forward.
We need increased income to move forward as we are a little stagnant to date as most of the world with the dreaded covid.
I have emailed again this morning to chase up the and gain clarity on the $.83 provision.
I agree that a discounted raise would be disaster to pay the tax only.
As previously stated to be sitting on 2 fully paid for resource licences is a good place to be as long as we are moving forward
with them as best the climate and covid allow.
We cannot help delays from the powers to be @ LC and this was always a starter B4 Redmoor.
We are expecting news , lets see what we get.
The share price reflects where we are and I think the big holders Manners family and the BOD and the guys in this for a while will agree the current price is a pretty dyer consequence of relying on a single income stream and 1 buyer to base forward projections and expansions on.
Most Aim Miner do only raise for drills etc as they have no income so not all bad.
Aim is a gamble , we have so much more upside than when we were 2p without LC and Redmoor.
Batteries are the way forward . UK needs to step up and move projects like redmoor forward .
Auz copper is destined for China and is increasing in price.
We don't have a crystal ball but all I know is investing big at this price has big upside if it starts an upward trajectory.