Will have to free up cash from elsewhere for another bite of the Cherry.....When is the additional resource report due & any expectations on the RFP submission folks?
Oh they love a bit of fear don't they, about what exactly in the case of SML is any ones guess? must be the massive 3% of shares....quaking I am!
Well they ain't getting any of mine and happy to ride any manufactured storm in a teacup.
GL
What's worse is the posts are littered with insults about genuine investor, either directly aimed @ certain investors or calling all collectively mugs repeatedly.
Unacceptable @ LSE
Completely agree Tarry, an amazing deal purchasing JORC copper asset for $100 per tonne when market value is $7000 per tonne with copper prices forecast to increase by a further 20% this year, just in time for SML to begin test production?
The position of the processing plant in a main copper area also has the potential for SML to become the go to processor, robber barron indeed ;)
Smart this BOD.
lol caddy 7 negative years give over, not my experience with the Major peaks along the way, but I do agree a very volatile stock, NR describes it as lumpy, sums up his management decisions as well imo......
Not true Willow, I would be in a small profit, just thought my money was better placed with the 75% owner rather than someone economical with the truth, happy to take a profit along the way for my dedication to the assets though ;)
reaction, that is just a ridiculous statement especially when you consider the fact he gave his m8 Donald Strang a couple of % @ a 90% discount to risked NAV as well.
By the way I still hold here and am back in profit today.
Nothing masterful in diluting 14.6% of Ruvuma for �2million or more to the point valuing all of Ruvuma at less than �11 Million or 5 to 10% of it's true value.
Not for me it doesn't Lupi and from my few years of experience in the AIM game, the SML BOD so far have been as solid as you get imo. I have absolutely no concerns that the SP here will reflect the assets and earnings from not only Cobre but Leigh Creek as well.
Got to agree, 30M MCAP seems a bit of a crossroads point for many companies & those with foundations built in the sand tend to sink, those that have built on solid foundations like SML tend to grow.
A nice balance of solid foundation and Wild Card upside... ref HC
No worries CS, you were probably thinking only of the prim share award, sorry for being so sharp, my frustration @ NR and his great Ruvuma giveaway I suppose.
Well, the 10 million shares held now by Prim, may or may not trickle in post 45 days and are small compared to the 57,142,857 placed - who with I wonder? missing information from the RNS's?
Well the Jorc copper asset is 100% owned by SML now and the money already raised for development to production with an off take agreement in place before they even start.
Seems like a strong position to be in and certainly should not be below the placing price of 2.25p imo.