Member Info for Croutom

I'm just glad there's no bad news from the morning sell off - must of been coincidental

How long do companies have to disclose information as an RNS from first hearing of something that could affect share price?

yeah time for the BOD to put their money where their mouth is at 4.5M market cap and copper on the up maybe one of our LCCM suitors will just go for an acquisition ha!

Strange movements, but either way should get the bod off of their reclined executive chairs. Imagine our RAB capital shareholder will be rapping at JPs door to get him on the move

Feasibility study back in 2019 was done on US$6,614/t and it's nearly $8k a tonne now so it's still well above that DVH! I think we'll probably be back up at a lofty figure by end of next week

Yep Bubble, I'm hoping that coppers upward trajectory continues this week. We may hit a sweet spot within a JV's partner's calculations to make the risk/reward feasible; although the main thing spooking them may be the fact that we still haven't had that second PEPR submitted.

The only way I see around this is if there are two or more JV partners in the 'data room' and one wants to get their foot in the door; favourable terms and contract signed before all signed off. Not impossible as they've hinted to multiple suitors. It's frustrating because the fact that this could be any day is keeping me from moving on here. With copper likely on the up this week and next (COP27 & G20) we *might* IMO hear news so soon as next week.

How much do you reckon we'd get for Redmoor? There are a lot of firms buying up feasible mining land in Cornwall now to be fair, surely £1-£2m would be enough to start digging at LCCM? Also factoring in reduced overheads

Surging today up past 3.7 $/lb

Up 4.6% today so far, I reckon further to climb in Nov due to COP27 with pledges to be made/progress to be shown. Hopefully copper hits a sweet spot that makes financing eligible for a JV/VC partner

Thanks for the heads up bubble, will give them a look!

Yeah I agree with this for Tin & most other industrials, there will be a drop in demand for them. Copper however I think has hit a new price point/plateau and is a safe asset to hold, all factors considered I really don't see a significant drop in demand any time soon. Even in recession there is a pressing argument to continue with large scale renewable projects on an economic level, they're cheaper to run and provide much greater energy security and less/no reliance on other countries. Higher energy production will increase supply and decrease inflation.

I predict a Cu price hike mid/late November from COP27 pledges.

We're likely waiting on consulting work for the outstanding PEPR - it's the only explanation. The DEM seem to be churning through PEPRs much faster now so hopefully a shorter turnaround than last time. Once full PEPR granted this will be worth something and we could get a funding offer at any point. However I am getting v frustrated with timescales! Will be averaging down until then, it's not like any of my other stocks are steaming ahead right now...

We'll get duck all basically! - thanks for sharing though Lupi

Copper trajectory looks like it's on the up at least; Literally a waiting game for LCCM holding our lure in the JV/VC pond while Cobre holds the bank balances & SP around the 0.25/0.30 mark & averaging our SP's down a bit.

I am happy for further small scale sampling at Redmoor for now but in current gov climate (now liz/kwasi are out) I am doubtful this will get a grant/production any time soon.

Firas gone now haha - to be fair I swung by the RAM share chat earlier this morn and it's a shetshow - while SML has been boring they haven't been burning cash during an unfavourable year 2022 (BOD salaries aside which are fortunately kept afloat by Cobre) which has meant that SP has been not ideal but at least somewhat stable YTD - meanwhile RAM down 85% YTD...

Unfortunately he's gone too far the other way and growth is taking a battering now - IMO there would be a lot of profit to be gained from increasing domestic mining supply and would be a good foundation for growth in the UK - as opposed to importing these minerals at great cost to us

"Anything that might in any way undermine environmental protections is out." - yeah doesn't look likely, although the argument for this is that some minerals can be used for expanding green projects, also by not importing from Africa etc reduces carbon footprint. But the word "anyway" makes it look doubtful

https://www.ft.com/content/d281665f-0444-4cd8-b616-5f5ddf2ab8a6

“To date, a shortfall of this magnitude has never been overcome,” the authors wrote, predicting that $23bn of annual investment in new projects was needed, two-thirds more than the average over the past 30 years

This current economic turmoil is only making the problem worse companies are reluctant to invest in today’s world.”

Visible copper stocks, which make up a small fraction of the inventory held but heavily influence purchasing managers’ decisions, are running at record lows, creating a risk of volatile price changes.

Ha! I was thinking about this dotcom - now we have that RAB capital guy on the BOD who's not on the SML payroll he'll put pressure on to increase the SP as soon as possible and crack the whip a bit

Also cheaper/more effective leaching methods (Bacterial) as well as different pre treatment methods such as increasing the amount of sodium nitrate to the pile; as copper has become more popular to mine over the past decade more studies will be done to improve leaching efficiency and reduce costs, this on top of the increased price of copper makes LCCM more feasible than it was 9 years ago.

We'll get funding for this, it's just a waiting game for that remaining PEPR which we're probably waiting on consultant work for; IMO we'll be stuck at the 0.25-0.30 mark until then during which time i'll be averaging my SP down to a 0.3p ish level

We're pproaching COP27 & G20 too (Nov) which normally results in more pledges and increased copper consumption - I reckon we'll be hitting highs end of November