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Is it just me or are others thinking that it's a co-incidence the LSE board asking each other last week what happened to the results from some trenches dug with a spade back in Feb and now, suddenly the results have arrived?
Shame the same thing has not happened with the early Aug update! After all there is a track record of RNS's caused by this board before (Gorsuch and others).
Good luck to all who hold.
To add - worth checking their history and check what their share price was when uranium was last in short supply :)
Cheers Gorsuch - I owe you!
Thanks Fira very kind. I have a mate who has recommended PDN on the ASX to he - he runs a fund in Kazakhstan and knows a thing or too about commodities - said Nuclear is going to be very interesting as countries Try to hit their green targets, supply of uranium is down and will be for years (uranium mines are complex beasts) and 72 new reactors are being build globally at the moment - in his opinion it should be dollars plural - do your own research but that is where a chunk of mine has gone and has put a lot of his own personal in there. They have a large mine reopening this year - Not without risk of course - any accident and it’s gone!
Thanks BCB - will check them out.
Ho Fira,
No I would not. I sold my last 4 million ish on the Gorsuch (legend) forced RNS on Brenda and the 29 text messages - at an 80% loss. However I keep thinking of going back (like the ex you really should not) but fortunately can’t convince myself too.
I was bloody lucky - added to my GGP with rump from here and saw 400%.
No not sure what to do with it!
Yes Dotcom - experts - many of them - a whole line of them - most who worked for the company we bought LC from (who could not get it to work.....)
From April 2018 - tragi comedy to read now....
"The Company is fully committed to ...........LCCM and this proposed work programme sets out a clear path to achieve this. Furthermore, we are pleased to report that the Company still expects to be able to fund the works required from its own resources.”
"We are particularly pleased with the team of Jon Reynolds and Jonathon Trewartha who have devised the work programme and who will oversee its implementation."
Program of work set in April 2018 and commenced June 2018.
On the to do list as posted in the RNS - finalise permits and licences .......
Don’t worry DV Guess when this RNS was written .........‘Recent discussions with the London investment community have been positive, and many existing and potential new investors have indicated that they are encouraged by the successful restart of the LCCM.‘ ??Wait for it ....wait for it.....Yup February 2018 (wen he said restart he meant the purchase not the phantom copper production in April 2019)
Talking of PEPRs it’s worth reading the 21st May 2020 RNS - the RNS that announces the submittal of the PEPR......so much drivel ????? Unfortunately.
Past RNS’s - so want to believe in this company but just struggling. Couple of favourites are JP enthusing about the London investment community’s excitement and interest in LC (February 2018) - 3rd anniversary coming up! Also I did not realise we bought the last trench of CARE from Rarus (for a mere $500k+). Believe it or not SML’s Chairman the esteemed AB, also happened to be a non Exec of Raris - who would have believed it?
SML paid $3m for LC. Any idea how much more has been spent to date? Let alone the extra $2m and a bit needed as stated.
This may well pop on the PEPR but can’t trust enough to come back in.
Just bought in today - looks like a good RNS and I’m looking for exposure to Copper. Looking forward to steady growth over the next year or two. Fingers crossed!
Good luck to all.
Cheers
Bule
I’m not any more DV. Sold out the day I found out, thanks to Gorsuch’s quality research that Brenda had told JP on 28 occasions over 7 months the money was ‘in the post’. On the 29th time he asked her to confirm she replied ‘agreed’ in a text message and he released an RNS on the back of it - some say that was naive, I say desperate or duplicitous. Can’t have money with sitting with that level
of incompetence or untrustworthiness.
I remain an avid watcher though - think there is lots to be learned on Aim investing in these situations - for example if you read all the facts and RNS’s and information on what has been going on at SML in the last 2 years and the mistakes and incompetence shown no-one would invest - it just does not make sense particularly as the BoD is the same - therefore it can either be emotion ‘price is low’ therefore it mush go up etc type belief, a gamble or lack of research or a refusal to face facts or the admirable human trait of wanting to believe the best in others.
I find it all fascinating.
Good luck to all.
Afternoon all,
I see the nonsense and economy with the truth continues with this BOD. A placing to fund Cobre??? Lol where did that come from?
Other obvious ‘economies’
1) all PEPPRs were done years ago for LC and LD according to RNS’s Yet waiting for one for months now.
2)We have an unbelievable asset in Aus (which no one can get to work)
3) have potential investors lined up - more than 2 years now lol.
4) Cobre sales up In Q3 (no they were not) and I bet q4 will be poor - will probably be the equipments fault........when they eventually come out, then Q1 will have maintenance.
In summary the company has run out of money hence the placing and the next 6 months at least for Cobre look dreadful.
At least JP and Alan Lee the way by taking part in the placing...... oh wait, what, they didn’t? WTF?
And that’s all without mentioning Brenda or the Tsunami of cash.
I suppose the only chance is a JV but who the hell would get into bed with this BoD?
Good luck to all.
Mistake I think. Someone meant to buy 2.3m EUA at 29 but bought GGP instead then cancelled it (hence the 2 trades) and bought their EUA straight afterwards.
Shame but we have to wait a little bit longer for A sustainable 29!
Afternoon all,
Just been on the Rock People website (mining recruiters) - the last three jobs they have posted are all of Hav.
Go have a look and don’t doubt JJ!
Good luck all.
Hi all,
Dipped my toe in yesterday for a few. Total speculation but feel small explorers/miners could do quite well in the next few years (assuming they are not run by charlatans and shysters, naming no names hey DVHarrison!)
Looking forward to the drilling results. Zinc could be exciting.
Good luck to all.
Cheers
Bule
I sold the last of my 4m ish on the JP / Brenda / text confirmation / good enough for an RNS debacle.
You never know I could be tempted back in at some point. I will keep you posted ??
Morning all,
I can’t see anything in the updates that changes anything - only a JV or two will do that. Good to see Cobre sales up y-on-y over all but bad to see down in Q3 y-on-y especially as ‘major client’ had been taken out.
It would be a very different RNS if they had said Q3 sales down 16.5% on a Like for like quarter comparison - equally true (and how most companies report their numbers)
Interesting that it looks like everyone was right on the tax liability issue - it did exist in June but has been paid in q3 - good news but now current cash less than $300k.
As per my previous post I sadly can’t see how anything material has changed at LC in 18 months or Redmoor. The quest for partners is now 2.5 years old for LC and over a year for Redmoor - the key question are: Does JP hav any potential partners out there and what stage are they at in the negotiations? Of course an out of the blue RNS with a deal (or sale of an asset) would move the SP.
Good luck all.
Cheers,
Bule
IG good for ASX