Member Info for Croutom

In one view the placement of wind turbines could interfere with the mineral lease (sampling and mining operation) so some level of remuneration may have to be given to SML in order to interfere/restrict the lease? But all pipe dream here, again it's almost like Brendagate, a 1% chance of some money and shouldn't be the main focus of income

Just wondering what he's up to - asking for a mate

I know that this will move above current valuation at some point but I'm really averse to chucking more money in

Still waiting for consultant work I believe RE acid run off;

I was initially was thinking that this was just typical BOD delays etc but as it's estimating run-off in lab conditions it might actually take a few months to process it to simulate the actual leaching process. This is all IMO/guesswork but it does fall in line with why it's taking so long to submit the last PEPR, also funding - as JV partner will wait for results

We do have oxide permission, copper sulfide is possible (as it's present at Olympic dam) but hasn't been confirmed

High spread does retain investors and protect SP at least - it is typical for the worst trading days in a stock to be followed by the best trading days.

Although what was originally planned for a 3-6 month investment for myself has stretched into years; this money is literally now to me like a piece of art on the wall of my ISA reminding me of how much of a faff AIM investing is

Surely this SP has got to spark some sort of activity, whether it's RAB pushing the BOD out of their seats or an acquisition at this MCAP.

Showing as 0.2p now... Looking grim!

Jeez dismal times, I'm hoping RAB are at the doors of JP and Co.

Unfortunately not Bubble, i don't have much free cash holdings atm to take punts on further high risk high gain multibaggers ATM. I put some into the gym group at 97p - hoping that good fundamentals and people looking to move from the david lloyds/virgin actives to something cheaper will bring up revenue; taking a bit of a less risky approach atm.

Absolute ripper though on HARL, up about 200% from lows, how much % are you up?

I do agree that it would be nice to reduce overheads though, or otherwise for BOD to recycle vast earnings into purchasing shares which will keep the SP afloat (and show that they have confidence)

TBF think there's a while to go before further dilution is required, it is my understanding that consultancy work is underway (& should of been underway for a while now!) which leads me to believe that it's already paid for.

Next RNS will be submission of the transitional PEPR or otherwise feedback from the consultancy work; At this point feedback will be read by JV/VC partners, if it's all positive they may look to chuck their hat in then. PEPR submission process is within the thousands (not tens thousands - expensive part of PEPR's are bonds etc which have to be paid before work commences not to get the PEPR) so there is no need to raise here. At this point we'll have a full green light project and we'll have a true understanding of it's worth.

Cobre is enough to pay for overheads for now; there's been no reports/inkling of loss of clients etc. Redmoor is a piece of land with uni students just paid for through cobre/grants etc. Can't see any requirement for raising capital with a circa $300k cash balance + income

Sammybow - apaz waiting on consultancy work for that last PEPR, acid run off etc

Copper is cooling a bit today but anticipated, at least it has shown its trajectory. Lower SP and higher copper prices just increases our chances of acquisition (at least for the project).

VC/JV firms may be awaiting for the interest rates rises to slow before lending (note may also be waiting next pepr submission/report back from consultancy work for transitional ore), from recent US inflation data looks like rate hikes ought to slow. Would be a mistake to sell at this SP, defs a hold atm

Will anyone want to chuck their hat in on Monday following this massive price hike of Cu? Maybe after the weekend thinking about it a VC will just do a hail Mary and put us out of our misery

I think there's only one way of thinking here which is hold on desperately to all assets and wait for something to come along - from looking at how much prep work CUSN are doing at their mine in south crofty the work that needs to be done at Redmoor is monumental, we need to be at a $100m+ mcap to even think about starting a feasible operation. I have no idea where to start with the land value I assume we'll get slightly more for it than we bought it for:

"SML will formally exercise its option to acquire a further 248,864 shares in CRL at £3.39 each on 31 January 2017, reaching a 50% interest."

So imagine a 100% ownership sell would be just shy of £2m, enough to go digging? Surely enough to get the first lot of oxide on the leach pads? Also factor in reduce overheads which means cobre should start pushing up the bank balances

This is what I'm waiting on Lupi - we've already paraded the company at various lenders, at $5m market cap they'd make more than thier money back on oxide, selling Redmoor and Cobre's income alone.

Still my bet is they're at least waiting on the consultant work for the final PEPR, which the partner will assess the feasibility of themselves before commiting, they might even offer when it's submitted to DEM, who knows.

If this isn't a perfect storm for acquisition I don't know what is... maybe news tomorrow

Soaring atm

That's some heavy posting Tro,

With this one i can see Copper is now back on the up ahead of US' climate talk tomorrow.

At a MCAP of <$5m this is a bargain for any of the VC/JV partners. Why lend them $5m when they can just go for an acquisition? I think there's around 5,100 tonnes of indicated Cu within the phase one (Oxide only). They'd make that back and some even with just the first phase; even if it's half of inferred with half lost from running costs.

It just doesn't add up. I've looked through the PEPR, reports and by all accounts this is an easy purchase recommendation for any company with $5m spare. Coiled spring this one.