Member Info for DoBreWotNot

Jester ... nice problem, if you call it that, to have though sat on a low average. Looking at a 95% loss having bought in at 2.1p is 'is really scary', before averaging down really hard at the 'lows' to achieve a decent holding & average. "Lots of pain ... now the gain" 🤞

Below link will take you to the Callington & Kelly Bray Neighbourhood Development Plan 2014 - 2030 ( revised December 2024). An interesting scan through 48 pages if you're interested in the local area you've invested into.

Two paragraphs stood out for me both in sudstance & tone

Mining - 'Work is underway to explore the potential for Tin & Tungsten Mine at Redmoor. The proposed mining operations can be beneficial to the local economy & the community & decision makers will need to position themselves to be able to take advantage of oppotunities'

Project 10 - Supporting proposed mining industry.

'Continuing to explore how the proposed mining operations can be beneficial to the local economy & how best to take advantage of opportunities'

Whilst there will still be planning processes to go through well done CRL to have got this in local plans already which can only be beneficial.

https://callington-tc.gov.uk/wp-content/uploads/2025/07/171111-L-Neighbourhood-Plan-Document-Digital.pdf

Https://www.reuters.com/markets/commodities/copper-study-group-highlights-impact-mine-supply-hits-2025-10-24/

Jester ... it's hard work to get money from G'vmt with hoops you have to jump through so anything is positive. We would have also put in a fully matched costed project plan which covers 12 months. I think the Prosperity Fund generally only runs until March 2026 so this might be it for now. However Cornwall District Council have issued 10 year development plan 2024 - 35 in which 'Critical Minerals' are a key strand in it's Strategy, so ....

Worth a re-read regarding current drilling campaign at Redmoor & associated funding, especially for anyone new here.

https://www.lse.co.uk/rns/SML/match-grant-funding-investment-for-redmoor-project-06a4g2yrtejbdix.html

Prop ... Agree but I reckon we could also get a general update on Cobre within that timescale. Not quantifiable in terms of output or date but in the Webcast Charles said that he & Mark are visiting Cobre shortly with a view to increase sales & cashflow. They must have an opportunity in mind to both personally visit with everything else going on ... just a thought.

Dobre

Slurm ... of course 1 advantage back then was that it was less 'noisy' ... I see the afternoon shift has arrived ... lol

Prop .... agree & share your frustration but happy to feel that here as opposed @ 0.38 where we were just a month ago & given SP rise is effectively based on the partial results from 1 drill hole ... loads more to come ... keep smiling.

Further positives for Redmoor & of course disposal of & future exposure to Leigh Creek.

https://www.mining.com/copper-price-rises-on-mine-struggles-goldman-bull-flag/

S02 ... been here since 2018 & sadly this happens when interest in a share increases ... the various 'tag teams' turn up to pursue their agendas. If someone irritates just 'filter' them. Alternatively a lot of the better discussion occurs outside trading hours ....

Bluegrass ... it does appear that there has been some steady sells & a theory of mine is that it maybe linked to the Placing back in May. Might sound weird given that's 5 months ago but we issued 333 million shares @ 0.3 to raise funds to match fund Gov't grant etc. SP at the time was 0.4 & immediately dropped to 0.3 & then into the 0.2's. If you're new to SML you maybe used to hundreds or even a 1000 trades a day but until recently we've been lucky to have 20 small trades a day, been tumbleweed rolling through. I noticed all summer that there wasn't the liquidity or SP rise for them to sell into until the beginning of October & of course last week where they would have made a tidy return. I might be wrong, we shall never know but if correct they should be done soon if not already ....

Jane ... LC buyer had 6 month call option granted in April but it was reassigned to Cuprum, as result I think it runs until December ... however it can be extended with the agreement of both parties so it's not 'an all or nothing' deadline. I thought MB's comments today re LC progress were reassuring

Gingy

Prop has put it more succinctly than me, thankfully. Of course the other question before investing is do you trust the management/board & are they aligned with shareholders interests ... personally I do. As per the last RNS there's an opportunity to judge that for yourself via Investor Webinar on 21st Oct ...

Good luck with whatever you decide

Dobre

Gingy ... depends what you're looking for & what you mean by slow burn. Given we only had the partial results from just 1 drill hole from Redmoor this week with lots more results/news to come to inform a MRE by end of Q1

2026. Feels 'exciting' to me. In addition to that ongoing

sales results from Cobre, Q3 due any day. News on

potential sale of Leigh Creek, cash to come & still end up

owning 19% of a copper mining company & exposure to

rising copper price. Who knows what will happen next y

ear when MRE published but I reckon there's a plan in hand for that ... as a LTH I'm more than happy with the 'slowburn' so far this year ...

Wouldn't be suprised if it was that as well ....

Bluegrass

It was explained to me that it could be brokers selling small amounts of clients shares to cover admin fees on their individual accounts. If you've cash in your account they use that if not they'll sell a few shares from your largest 'holding'. True or not, I don't know but seems to make sense .....

Just breached $4300 ....

Lots from yesterday, so imagine some of RAB selling ....

* low 0.3's

Prop

Just 'derisking' I reckon.

Initially bought in with 81 million shares in 2022 when the price was on it's knees & bought another 38 million a month ago again when SP in low 3's & taking holding to 119 m.So selling 31 m @ yesterdays prices suggests to me that his remaining 88.5m shares are on a free ride, Good skills .... Enjoy the ride

Dobre