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No closer to finance,Pepr and sp rock bottom but staggering to think for his incompetence and total failure to shareholders JP has pocketed over 2 million between salary and bonuses since purchase lccm.
Bitcoiner
Held up well today on 7 trades as opposed to the 5 yesterday when sp dropped same amount.
The sp should be should be gathering momentum by now going into next week with news on finance /pepr but markets and buyers do not believe a single word or more worrying RNS's put out by BOD.
JP I believe has his Christmas tree up and has decorated it with 100 dollar bills and would like to thank all us mugs for our ongoing contributions to his pension.
Justdandy
" The co has no debt and is cash positive from operations."
We were just diluted for 400k to keep the lights on and diluted to tune of 700k for new machinery at Cobre but no idea where the money was spent.
HiFira
After listening to JP 's spin etc etc. on the best company on aim at the time I really thought that SML was the place to invest.(an aim company actually making money). A BOD that do not dilute its shareholders and making profits. After researching what was not to like about sml.
Dearie me where did it all go wrong,please don't respond as we all know the answers to that.
I was in JLP years ago,the sp took off this year.They did their DD on lccm and walked away only a month or so before this BOD bought it.A better resourced company like JLP saw no value in lccm yet SML bought it only a matter of weeks later.It’s by sheer luck and high copper prices that lccm might be profitable rather than anything our BOD has done.
Hi DV,
Totally agree with your comments but how did a team of experts in their field that were hired to deal solely with Pepe get it so wrong.They would have had a set of Government Environmental guidelines to follow in each step of the application before submitting the final draft.A discussion with the Environment agency if they were not 100% on some of the points would be the normal instead of submitting a half ass@d application.
Fira
I bet the BOD were stunned that the bank went over the company details etc for days on end with a fine toothpick.AB was heard to chip in,I can do due diligence in 20 minutes,these young whipper snappers have been at it a week.
P2CR
Brilliant summary of where we are with assets and lccm near term asset(2018).
Another month passes us buy and value of our shares hit rock bottom but JP still picked up another 40k at end of month for his truely woeful stewardship.
Can the gravy train procure a wee bonus for our overworked BOD.Soon to be on their 6 months Christmas holidays.
Only 2 people called JP correctly,DJ Ryan and JP's brother,he looked at the shifty character in charge and bailed at 2 whole pennies.
5p by xmas.
The share that keeps on giving,google showing down 20% and .30 to sell,soon be back in the 0. 2's.
Pepr should not be taking this long,we have had so called experts on board for over a year.
Has the banks DD been leaked and no loan forthcoming?