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Yesterdays sellers only managed to secure a price of 0.137 from the market. That’s on no volume.
The PEPRr was a simple cut and paste and no delays were envisaged. Interest rates up again making the project even more challenging for any funders. Feels like the company is in big trouble. Receivership must be on the cards or a 0.1p rescue fundraise.
Very slow car crash. 10 years in the making
Where is it? Has it been rejected again.
You won't find anything of value in the SML locker Lupidog. - Try not to worry as the receivership monies are coming. it's only 2 years overdue. Turn off the lights FFS. Nothing is believable from this BOD
You will see this de listing. Huge savings on listing fees will go straight into the Directors pockets. They do not need to be listed any longer.
The chances of SML selling copper this year are next to zero. Smell the coffee.
De list next move. Thanks for all the funds while we were public.
Grave diggers
NB - a very good article in the FT. Not relevant for this board though - SML has no copper to sell. Doesn't even have planning or funding.
No copper this year. However, the company will need a few coppers soon to keep the lights on. I wonder how current trading is going and how many more months of cash they have left.
Billy Smarts circus comes to Cornwall
July 2022. Further to previous updates, the CV Receiver established a Bar Date of 25 April 2022 by which claims against CV must be made. SMG formally lodged its US$21.9m arbitrated claim by this date. The Company is still waiting for the Receiver to make a recommendation for the distribution of the assets, and SMG continues to have dialogue with the Receiver. Currently the Receiver has indicated they are likely to prioritise, in this case, equity claims over creditors, which is permitted under US law. At this point, there remains no certainty of any payment to SMG, but the Management and Board expect there will be clarity later this year.
All over
29th Dec RNS "Accordingly, it is not expected that approval of this PEPR will be as protracted as was the case with the previous, now approved, PEPR."
Administration not far off. Watch out for a friendly PRE-Pack.
SHG about to come good after all those years.
The sale of Redmoor to SML has smashed this co cashflows for years. Its all about to end very soon. Who sold Redmoor to SML - Yes the Broome. How many shares has Broome purchased. You will be hard pushed to find a worse BOD on AIM. Shovel ready for what? Stop digging Peters, the hole is big enough.
If we secure 10m funding would you trust this board to manage those funds. Come into the real world , they have NO planning for LC, NO cash to develop, NO funds coming from receiver. Also look at your Calendar and ask yourself when first copper will be sold. It is almost April 2023 and we have been shovel ready for 4 years. A discounted placing is more likely.
Makes sense to de list as big savings on listing fees. It has been run like a private company for many years. The Board own most of the Co anyway.