Member Info for Croutom

We only got the PEPR on the 29th of June, in the middle of the largest drop in price since 2011 to a 20 month low

$10,000 didn't help as we didn't have the PEPR - now we have the PEPR and the prices are heading up past $7,500 again - sentiment will increase and discussions will be back on the table.

Seems to be recovering from it's last drop significantly faster than other base metals as predictions have expected. We're approaching $7,500 a tonne pretty quickly

Current price is US $3.36 per pound, PEPR feasibility was done on US$2.65 per pound

Sharp rise could panic JV partner into a decision, having initially held off (or lost sentiment) on dropping prices

https://tradingeconomics.com/commodity/copper

Copper spiking up today

any of the above Fira tbh

In all fairness we got the PEPR approved a month ago and copper prices have only levelled out over the past week or so, I expect offers to come in shortly now the copper price has started to climb again - would be strange to drop an offer in while prices were dropping like a rock

https://www.ft.com/content/8c95f946-58bc-4649-92b2-637d1e4037f9

Note that part of the scare is on current diesel prices, which are lower than average in Aus, means that it'll be more cost effective to transport within Aus compared to other countries

Fira, i'm sorry but i think even the hyped up value SML have given themselves of $13m is closer to the real value than your valuation of $0... again they'd have to prove this all though which will be a faff, hopefully it'll scrape around the $10m mark, enough to provide reassurance to the lender.

LCCM could generate 7 figures PA easily - i reckon any potential bidder would go same as mcap initailly - $10m, have that rejected then work their way up to $20m which is a reasonable offer would give us an exit of around 1p+.

Issue is that SML is a company with small projects all over the place, so it's a bit of a box of Christmas lights for anyone acquiring it they might make a singular project bid (LCCM) which i think shouldn't be sold for less than $20m. I reckon CLN is still probably the most likely option

LCCM will be a make or break asset for the company under a CLN of the full value ($10m), they'll really be rolling the dice on it, or they can hope for an acquisition bid (preferable for all of us)

I reckon the JV partner will opt for a CLN of $10m - if SML can prove that it's current assets, plant, property etc stand at $13m then if they go insolvent they can return the loan by selling all assets as these lenders will have priority over assets (under terms of a CLN - rather than equity) as well as the ability to convert to shares and cash in at a later date. Also means that the loan will have relatively low interest . Terms of the CLN will be interesting here, the longer into the future the conversion date is the better for the share price.

https://markets.ft.com/data/equities/tearsheet/financials?s=SML:LSE&subview=BalanceSheet

We're more likely to receive an offer on this company at a low SP point than when the share price is at it's highest.

When you buy a car, do you get sucked into the marketing/folly of the product and buy at the RRP? Nope, you find chinks in the armor, a reason to buy at a lower price than what it's actually worth. Same thing with all (good) VC firms, they'll see the assets, wait for the SP to fall and then purchase at an offer better suited for themselves.

With 2 other sharks in the pool and JP waving a big bag of chum to other firms it won't be long before a (cheeky/low) offer is made (i reckon we could hear as early as next week), but an offer made nonetheless, will go up past 0.4p and towards 1p. Copper is on the rise again today, a swing from the current climate change events + production chugging up in China...

Again - productive? Probably not... I read this post with raised eyebrows as I'm now only just aware of the failings of the BOD... such a shame, if only someone had posted 1000 posts before this one saying the same thing.

If you want to make a difference maybe start contacting JV firms - ask them if they would want to invest in a company valued at $5m that owns a mine 80km away from the biggest copper mine in South Australia (with the green light from the SA gov.) On top of all other assets - you can Google "mining venture capital firms" and then find their emails on their website?

Or email SML asking for justice and say what you would do differently and why or ask them why. It's falling on deaf ears here, I think the only reason why people post here is to have people agree with their depressive viewpoints and get a minor shot of serotonin.

You're all forgetting that you own part of this company, maybe try to make a difference in it instead of banging your head against the wall

Keep it up bubble - agreed with de-ramping, it's literally like buying a house, hating it, then wanting to sell it by shouting at passers by "this house is so bad, the foundations are crumbling and i have Japanese Knotweed and a badger den in the garden" then moaning continually to yourself that the price keeps falling. If the derampers were actively taking hold of the situation by appealing for a BOD mix up or doing something proactive i'd have way more sympathy

Imagine someone will post something about BOD earnings under this

lose* look at me being dumb..

Agreed, looks like copper is on a bit of a bounce back from it's lows - can see it starting to swing up. All the wildfires/record breaking temps in Europe will prompt higher pressure on associated Govs to speed this EV transition up before we all melt!

China's recently started putting pressure on banks to loan to property giants so they can fulfill property demand so another burst of stimulus from there - this will probably up both assets including copper, but mainly magnetite.

As BB says - transitory, if you're blaming SML specifically for low copper/magnetite demand in a cooling market you only need to look at the wider picture here. If i were a VC investor i would notice the copper swing starting and put in a cheeky low offer/acquisition bid while prices are low.

An offer can still come at any point and it would be so so dumb to sell at 0.2p - you only loose if you sell at a loss my friends.

I'm looking at the us copper index dvh

Highest base metal performer today - bit of a rebound

Fira if it was not attainable the DEM would of specified within feedback, (the second/third phases are specified within the current PEPR) - this would of been announced within an RNS

There's 5,100 tonnes of Cu (oxide only) in the approved PEPR location Lupi (phase 1)

Ok what if we assume because of the loan/JV to be repaid we loose 90% of the production value based on the current copper prices.

$2,181,000 @ 90% = $218,100 x 12 = $2,617,200 = increase of 475% = 1.33p. Either way i'm really struggling to see how this won't reach 1p+ after production is underway.

I get it we need the transitional PEPR; the DEM wouldn't go through all the effort of accepting the initial stages of mining (IE this oxide PEPR) if they knew that the further PEPR's were not attainable, it just wouldn't make sense for 9-12 months of mining operations. Transitional PEPR is attainable and will not take as long.

$2,181,000 @ 80% so $436,200 profit per month, revenue was $550,000 last year - so 951% increase in profits based on your conservative estimate, share price should reflect 2.66p on production on these conservative figures.