Member Info for Davidious

Nice to see a bit of positivity returning to this board. It's encouraging to see some fair minded long term holders shift their stance a little.

The recent podcast would suggest 50% margins with existing buyers. The most SML ever sold in a quater was c.30000 tonnes back in 2018. Makes you wonder how much the prospective new client are looking to order

"Discussions also continue with another potential new client that is seeking large volume shipments. However, recent arrangements with the major client and the additional new client may impact our capacity to fulfil a large order."

Hi Zulu, I only managed to transfer my IG holdings to II and gave up on transfering my barcalys holding once I had spoken to Barclays and been assured that they can sell my holding on tsx when instructed to do so

I'm still holding there btw. back on topic I'm also hopeful that I can 10 bag here on SML, well at least the ones I topped up at 0.01. I think if the other large client signs a contract and we get to the order levels seen in 2018 then 1p+ is possible. Long (probably understates just how long we have waited) awaited positive developments from Leigh creek or Redmoor can take this way way above 1p.

Now this has finally turned. Lets hope those of us willing to wait a bit longer get well rewarded this time. For those looking to move on I also hope you get the exits you need and wish you speedy good fortune in the next investments

Interview

https://audioboom.com/posts/8455468-q-a-with-john-peters-of-strategic-minerals

I'm not worried about the warrants. they are worthless unless the SP gets above 0.5

I guess like many others here I've been around this stock along time. And though correlation isn't causation there has always been a rough correlation between the tonnage out of Cobre and the Share Price. To me it looks like we are moving from c.4000 tonnes per qtr to c.12000 per qtr. We have not seen this tonnage since Q2 2021, that's still some way off of the tonnage we saw peaking in Q4 2017 which was c.30000

Good Luck All

"Discussions also continue with another potential new client that is seeking large volume shipments. However, recent arrangements with the major client and the additional new client may impact our capacity to fulfil a large order."

It will be nice to see tonnage out of Cobre back at 2020/2021 levels and at the 20% price increase from those days. I wonder if we will be able to bag the other major client too.

Something not right across the whole Junior Resource Sector

Gets my vote!

Keep talking Twis

Sets my vote!

Keep talking Twis lol

Just my thoughts

There's alot of frustration here and as a longterm shareholder I share that frustration...

I don't want to shoot down the idea of an ESG, but any motion put forward would need alot of shareholder support to have any hope of being carried. Has anyone reached out to our larger shareholders such as RAB or the manners to understand their position. if the proposal is one for just the 5% most frustrated then would it be a realistic one?

Is there an alternative approach? I think what we all really want is some clear direct communication from our BOD. This could include a detailed account from the BOD of the journey over the last 5 years. The current state of play and day to day activities of Board members. I'd also hope that the BOD are well aware of shareholder sentiment and would outline their own proposals for how they can restore confidence - I don't think any of us want just more of the same old promises, I think many want to see some tangible changes that can be made immediately to set the company on a better footing. However we are all looking at something opaque from the outside at the moment

I'd also want to steer clear of anythink like the old friendly promoter style interview.

I'm in the middle of transfering to ii from both IG and Barclays. I think IG is almost there but Barclays are slow. Do you know yet how long it takes fot ii to transfer the LSE stock to TSX

Thanks.

Nice to see SML on todays Hot topics board. Even the trolls are going to help draw more attention to SML today now

https://www.argusmedia.com/en/news/2191965-low-supply-rising-demand-send-apt-higher-correction

The last time Iron Ore prices were this high SML were shoveling magnetite onto a train for shippimg.

I agree Lupi - Placees getting a great deal. Might be another chance for retail to load at 0.4 though as often happens with these placings

There is a positive to angle on the board paying themselves in shares rather than cash

Warrants provide an alternative possible path to LCCM funding. People might look at the potential prize and prefer this to sharing via JV.

if you are in the a believer camp.

Looking more positive here than it has for a while. Chart bottomish and assets undervalued on fundamentals.

Just noticed this is getting more attention based on the number of posts. Always a good sign.