Member Info for Davidious

Both took place in the placing at 1.4

These Directors have got sizeable skin in the game.

haha mirrors my view of these LSE echo chambers.

Are you on twitter Brigglet ?

Sorry Brigglet - Your name was auto-corrected

Thats exactly what's in the RNS's Bridget.

lolololol

OK so lets say...

Cobre alone is probably worth more than £10M imho. Cobre even now generates c.1m USD Free cash flow per year. This is based on current figures since the Loss of SMLs biggest Customer. You only need to scan the last 4 quarterly reports to deduce this much. And there is plenty more to shovel if SML can increase the customer base.

There may also be some legal redress in SMLs favour for breach of contract. Any predictions on this outcome would be highly speculative so it's best to just to layout the text from the RNS...

The claim consists of three elements, namely:
1) in excess of $2,300,000 in relation to payments outstanding to date;
2) in excess of $19,000,000 in relation to lost profits for the balance of the contract; and
3) punitive damages as permitted by law.

Leigh Creek update on 30th Sept RNS

"In 2020, the Company expects cash flow and profitability to improve dramatically, as full scale production commences at Leigh Creek Copper Mine."

This could generate c.$5 USD free cash flow per year if the figures in the presentations and Podcasts are any indication. That's a huge upside for such a small mcap. And if they reach the phase 1 target the operation will expand further.

Redmoor - Its all in the scoping study

The recently completed mining study, while still based on an Inferred Mineral Resource, provides SML confidence that a major portion of the recently announced resource of 11.7Mt at 1.17% SnEq can potentially be economically mined.

"Using the results of this study, SML believes it has confirmed its view that Redmoor has the potential to be a world class tin and tungsten mine which will deliver attractive returns on investment."

Probably about £2B in situ metal NPV c£100m - Valuation here will move with Market Sentiment and commodities but it has great potential.

$0.76m USD in the bank on 30th Sept
I'll assume this includes the R&D grants in totalling 0.8M AUD (0.55MUSD)

Early Redmoor Payment of 0.3M AUD (0.2USD) and will draw on Q4 cash position

Just trying to add a little balance.

I expect my thoughts will be urgently buried by irritable morning doom mongers.

Everyone is entitled to an opinion.

Cobre alone is probably worth more than £10M imho. Cobre even now generates c.1m USD Free cash flow per year. This is based on current figures since the Loss of SMLs biggest Customer. You only need to scan the last 4 quarterly reports to deduce this much. And there is plenty more to shovel if SML can increase the customer base

There may also be some legal redress in SMLs favour for breach of contract. Any predictions on this outcome would be highly speculative so it's best to just to layout the text from the RNS...

The claim consists of three elements, namely:
1) in excess of $2,300,000 in relation to payments outstanding to date;
2) in excess of $19,000,000 in relation to lost profits for the balance of the contract; and
3) punitive damages as permitted by law.

Leigh Creek update on 30th Sept RNS

"In 2020, the Company expects cash flow and profitability to improve dramatically, as full scale production commences at Leigh Creek Copper Mine."

This could generate c.$5 USD free cash flow per year if the figures in the presentations and Podcasts are any indication. That's a huge upside for such a small mcap. And if they reach the phase 1 target the operation will expand further.

Redmoor - Its all in the scoping study

The recently completed mining study, while still based on an Inferred Mineral Resource, provides SML confidence that a major portion of the recently announced resource of 11.7Mt at 1.17% SnEq can potentially be economically mined.

"Using the results of this study, SML believes it has confirmed its view that Redmoor has the potential to be a world class tin and tungsten mine which will deliver attractive returns on investment."

Probably about £2B in situ metal NPV c£100m - Valuation here will move with Market Sentiment and commodities but it has great potential.

No Debt and £0.7m in the bank

https://www.proactiveinvestors.co.uk/companies/news/904930/magnetite-sales-rally-at-strategic-minerals--cobre-stockpile-904930.html

Not much in there we didn't already know. Encouraging sale figures at 12704

Looks like the most optimistic forecast was closest.

Earning - 12,950
Lekka – 12,300
DGR - 11,500
Major - 10,500
Mont31 – 10,250
Thelearner - 10,101
Hawk - 10,050
Dotcom - 9999.9
AAndi – 9,500
DVH - 9,400
Van Van – 9350
Fira – 9,250
Toiler - 9,175
Prop – 9,150
ShangrLa - 9,000
Slurm - 8,900
Dillon - 6,850

2 reasons I can think of.

Early stage seed funding with low entry prices not available to PI's. Most of the money is already made once a new coin starts trading.

Its also good for investors who want exposure to Crypto but want someone else to carry out the due diligence. Lots of spoofy alt coins out there.

Nickel up 7%

Hans Camp back in play?

If you do your research here you might have missed the placing RNS in July?

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GWMO/13702689.html

lol

Looks like the main BOD has plenty of skin in the game.

I'm cautious on the stock but take comfort in these important details.

Not a top up. Just taken my first little bit.

No rush here. Scale in cautiously

A little over done.

May be back for more

Yesterdays Volume could indicate that we are ready to move up now.