You're right Fira, it is sometimes difficult to match placing money with its original intention. It is pretty clear though how much JP has trousered over the years. If only it was as easy to identify his achievements!
Its not just about the 'assets'. Our potential lenders will (imo) place heavy emphasis on the quality of our BoD in coming to a decision on whether to support our application for finance to get LCCM into production. This is where JP's 'City' experience really should give us an advantage over other AIM companies seeking finance to move projects forward....
Don't think the share price will get any cheaper especially if/when the Mankayan licence renewal is granted.
13 Sep RNS: IDM's initial objective is to assist and support Crescent Mining Development Corporation ("CMDC") in its application to renew the Mineral Production Sharing Agreement No. 057-96-CAR (the "MPSA") in respect of the Mankayan Project which is due for renewal on 11 November 2021. CMDC submitted its renewal application on 16 March 2021 to the Mines and Geosciences Bureau of the Department of Environment and Natural Resources of the Philippines government.
article about future shortages of copper that augurs well for small cap miners like SML. The articles conclusion suggests that finance won't be a problem IF these companies can demonstrate they have a reasonable supply of copper. If our BoD can't succeed in this environment they should move over and let others deliver shareholder value imo