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Here what you are saying J . Think this will be good until PFS and should get good sp advance. After that much depends on UK Gov assisting finance and managing any TO bids as to which way it goes. I still hope we go all the way to production as it will be better for shareholders in the long term, but not everyone will see it like that.

Unlikely we will ever get to know anyway.

Looks to me like the sell rate has been an average 6-8m per day at least so about 7-8 weeks at least, that would be more than they both have in total.

Could be Mike but must involve others too as those two didn't have enough shares to sell to last this many weeks at the sale rate.

Annoyingly thing is that the uncertainty will not help the sp. They need to say what is going on today! Good or bad.

Yes the good thing is that despite the selling their are seemingly plenty of keen buyers so once the big selling is over the sp will likely rise as there will be more willing buyers than there are available shares, plus we have a lot of positive news flow to co,e in the coming weeks.

Can't really be sure what is going on but the evidence tells us there has been a persistent seller(s) for over 8 weeks now. So someone or likely more than one is offloading shares to realise a gain. That implies that they bought at a price of less than 1p probably so old holder(s) . I wonder if family/friends of old directors or others bought in at fractions of a penny that are now offloading to realise their millions £? If that is so who could blame them? Buy at .03p and sell at 5p ish, is a multibagger if you bought a lot , and patently some did but without crossing the 3% threshold. I only say this as there was not much likelihood of many private investors buying in when the price was that low in sufficient numbers to be able to offload for weeks at a time with millions of shares and without a 3% threshold, although I suppose it is possible. E.g 50m shares bought at 0.003p was £150k now selling at £2.5m. Quite a good deal yes??

It is what is holding back progress of the sp and it will stop soon I think????

Anyway at some point soon the offload will finish and the sp will realise a fairer price. Still believe that by the second half of June first week July we will be in 8-10p range.

Cuprum state on their website that the Mountain of Light part of Leigh Creek is " production ready", implying they are proceeding at pace with reopening the mine. Therefore they have only a couple of working days left to pay the A$1.75m to SML or restructure the payment time frame??

Hope we get our cash next couple of days plus our 19.9% share of whatever Cuprum set up on the Australian stock market.

Whilst the funding is only £30m over 2026-8 to fund all applicants, it seems the main idea is to assist in the release/attraction of wider funding. As this is not the only source of Gov funding available atm, SML may be able to qualify for more than one source.

Main advantage to institutional investors is likely the fact that UK Gov depts feel confident in the project sufficiently , to offer funding offering a higher degree of certainty to institutions and thus make that funding more likely and easier.

Either way it will all help the capex funding possibilities ,when required, and continues to strengthen SML's board the possibility of proceeding all the way to production without successful buy out attempts.

Be interesting to see if SML seek the KIGF funding.

Well Muldoon,

For once in recent days sp only went down once today and we ended up on the day at 5p. So small progress but maybe this time we are turning back in an upward trend.

Would it necessarily require the land to be sold or rather just grant access for the mining purpose in exchange for some of the profit or similar? Long way off anyway.

For those that are interested here is a link to the recent actual meeting of the above which goes on a bit and covers many aspects. From SML perspective it is both encouraging and depressing. However, there does seem to be a growing realisation that the whole aspect of mining, recycling, processing, planning and permitting and energy costs to name just some are likely to be scrutinised more closely, and better solutions sought. Those present at the meeting in the mining business make a clear case for a massive increase in pace, involvement and expertise from the Environmental Agency and the like which offer their projects certainty and therefore encourages investment. There is also a strong case for tidying the role UK Gov plays in how and when it places its support for new and existing projects.

We can only hope that UK Gov gets to grips with it quickly and accurately, I know many will be sceptical of that possibility, but these are times of change and maybe it is time for UK Gov to change too.

Anyway watch it or not up to you.

https://parliamentlive.tv/event/index/8beb755f-23b5-4ac4-8216-7562dba05323

Mac let's hope the MM's are filling some nice big buy orders for later on !

I agree Lost but one can only keep trying can't one?

Give the buyers time to finish their tea and toast Swerve!!

Just sent this to the FT Mining desk. One can only try can't one!!

"Following the discussions in Uk Parliament yesterday about the critical needs for mining and processing of the abundant critical metals under the ground in SW Uk particularly Cornwall.

Is this an opportune time to highlight in your paper, that the UK Government needs to fast track the projects of Tunwest and Strategic Minerals together with Cornish and British Lithium, to mention just some, by supporting these projects financially and helping to fast track all that is necessary to get these projects into production asap.

Similarly it is identified that processing of produced ores in the UK needs to be carried out in the Uk and that the processing operations currently in place are inadequate to cope with this at present. These processing companies also need fast track assistance both financially, planning and permissions and permits etc in order to meet the coming demands that the UK mining sector will be generating hopefully.

Also the infrastructure to transport ores from mines to processing needs to be coordinated at the same time."

It would be good if this topic was out in mainstream media.

What a good time for Labour Party to score themselves and the country more importantly some big house pointsQQ

Hey UK Gov,

The mining projects need financial support and speedy completions of all necessary permits and permissions to fast track production.

The processing companies need the same and support to widen where necessary their processing capabilities.

The infrastructure needs to be in place to transfer ores to wherever the processing plants are going to be again with all necessary permits and permissions.

You know the objectives now get it done!!!

Now just a case of putting their money where their mouth is and quickly!!!

Well that won't do SML any harm at all will it!!!

Let's wait for the next episode from UK Gov and hope they move quicker than snails!!