Member Info for dvharrison

I think we'll get the PEPR next month. I'm less convinced on the financing and JP was a bit woolly on the process over the past 18 months and not particularly convincing about our future plans. Add in the failure of the previous LCCM owner to make the asset pay and its looks quite a risky investment imo, hence the current mcap and lack of buyers. If we hadn't got Cobre income I think we would be trading sub 0.4p...

That is a cheeky bid and I'll be in the queue to buy anything at 0.2p myself.....

Yes Freaky, I listened to the JP ramble and wondered why we are paying him the big bucks. I thought he was the big city dealer! Over 18 months trying to negotiate a deal for 'peanuts' and now we have to appoint another 'advisor' to help him out. Must do better.....

Morning bitcoin, hope you enjoyed your day out yesterday!
Happy with the progress report and whets the appetite for what is to come over the coming weeks & months. A steal at this level imo...

Impressive start to drilling campaign. 'Institutional & Sophisticated' investors were paying 2.3p (warrants at 4.4p...) less than 4 weeks ago....

'According to the field geologist's estimates, the intercepts ranged from 7-17.5m over the three drill-holes; the cumulative size of the intercepts ranged from 14-24.5m. In addition, preliminary downhole electromagnetic ("DHEM") survey results from BO_315RC-17RC and eight 2020 drill-holes suggest the density of copper mineralisation intersected is potentially higher than initial expectations.'

Lupidog, if we can get close to 1p+ by the time of the AGM and assuming we can attend in person we're going to have a party. We'll forget all about the past 2 years!

3 years 4 months of ownership of LCCM, JP (unsuccessfully) discussing/negotiating finance packages for at least 18 months, a positive macro economic environment for copper, various 'experts' brought on board to supplement the BoD's skills and this is as far as we've got in the process to monitise our asset?! Then there is Redmoor.....

I think short term if the Bailieston drilling update, the one that CB said was ready to go last week, is positive and reflects the confidence portrayed in the interview we might see some money, currently on the sidelines, take us above 2p

If the chunky sells relate to the sale of our Georgian asset then surely they must now have been sold?

RNS extract: 'Pursuant to the advisory agreement, a fee of US$150,000 settled via the issue of 3,995,238 new ordinary shares in the Company at a price of 2.65p have been allotted to the Company's Georgian advisor.'

Starting to look interesting...

Morning bitcoin, been on the fiz already...lol
Hope the weather improves, although you've got the retractable roof on Centre Court..

Yep, (expected) news this week will define where the company is heading imo. Exciting.....

Compare that interview to the ones he was doing a couple of years ago. Bit of a ramble. Lost his mojo sadly....

haha Andy Murray won't make the second week....
Sounds like a military operation next Monday. I'm so lazy so we have the hospitality laid on for us on Sunday fortnight
Bitcoin, I really want SML to be successful. Big bucks if we get to 1p+. Just frustrated by the lack of accountability (not unique on AIM!!). They are happy to take the accolades and big remuneration packages but nothing happens when things go wrong. I remember talking to JP at the AGM 2 years ago. 18.2M shares at 1.8p and looking forward to 3p+ (placing the following week at 1.4p!). Now look where we are and JP still thought his 'performance' warranted a bonus last year. It's just not credible (or decent). I'm not selling as I don't need the money and, as you say, the downside from here is limited should we have further delays. We're in lots of shares where news is due and there is certainly money to be made with small cap miners at today's prices imo...

Regular news is the lifeblood of any company, but especially on AIM, so regular (positive!) updates will see the share price fly imo..

Morning Fira, you would have thought JP would have been in front of the cameras putting a positive spin on the RNS. Rally the troops etc lol. As long as we don't have PW in front of the camera zzzzzzzzzzzzzzzzzzz

Bitcoin, enjoy Centre Court on Monday. Looks like you will be seeing the mens winner this year!
Regarding LCCM, we've owned this 'asset' for 3 years and 4 months and if yesterday's update on 'progress' is the best we can manage then surely it must be time for a change at the top?

Looking at the history of LCCM since its purchase (nice dd Mr Broome lol) isn't it any surprise that some LTHs are a little sceptical of the BoD's ability to get LCCM into profitable production given the litany of wasted resources and missed deadlines over the years (examples of updates below). But what we get is JP taking an obscene bonus last year whilst the rest of us have suffered dilution through multiple placings and a trashing of the share price. After today's RNS JP you should hang your head in shame (or resign!)...

6 March 2018 RNS: 'Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce that, further to its announcement on 27 February 2018, the acquisition of the Leigh Creek Copper Mine has now settled.'

26 April 2018 RNS: 'Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to inform the market that, after careful review, it has adopted an operational strategy to recommence operations at Leigh Creek Copper Mine ("LCCM"), in South Australia, with full production expected around mid-2019.'

12 October 2018 RNS: "The Company is fully committed to the recommissioning of LCCM and this proposed work programme sets out a clear path to achieve this. Furthermore, we are pleased to report that the Company still expects to be able to fund the works required from its own resources.''

11 April 2019 RNS: 'Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that its Leigh Creek Copper Mine ("LCCM") operations have recommenced copper production at the Mountain of Light processing facility...'

21 May 2020 RNS: 'Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that the Company's wholly owned subsidiary, Leigh Creek Copper Mine Pty Ltd ("LCCM" or "Leigh Creek") has today lodged a draft program for environment protection and rehabilitation ("PEPR") with the South Australian government.'

1 Sept 2020 RNS: 'Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, announces that the planned lodgement by Leigh Creek Copper Mine ("LCCM") of updated information to accompany the draft Program for Environment Protection and Rehabilitation ("PEPR") with the South Australian government has been delayed by a few weeks so as to upgrade the submission to a full PEPR application.'

bitcoin, if you sold your shareholding we'd be down a lot more than 2%! Pleased you're committed here for the long term rewards....

We could do with a late afternoon RNS (not unknown here!)...