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The only hope here imo is a T/O by a larger company with deep pockets and a comptent BoD. This lot currently in charge couldn't organise the proverbial p*ss up in a brewery.....
Above 0.57p, shown in red, are buys. 0.562p to sell....
The last £20k trade utilising this years ISA allowance to protect the 'expected' profits from CGT....
News is (over) due here from both Ethiopia AND Saudi....
Scrambling around for piddly amounts of cash to keep the operation going ($100k & now $50k). What has happened to all the cash raised over the past 2/3 years? No progress at Redmoor & LCCM seems like a complete waste of money, like the previous failed projects, and the BoD continues in post as if eveything is hunky dory. Complete sh*t show....(no trades today tells you a lot about the apathy here!)
Another poor update. No responsibility or accountability for the cr*p position the company is in and Alan Broome still Chairman. Worse than the Post Office scandal....By the way what is happening at LCCM which the BoD told us was such a great asset? Going the same way as other 'great assets' like Mount Weld and Hanns Camp?!
RNS 13 June 2018 (LCCM)!!!
Commenting, John Peters, Managing Director of Strategic Minerals, said:
"The SML Board is thrilled with the highly skilled and experienced technical team that has been assembled to progress this exciting copper project. The team has over 100 years' combined experience, much of which is in South Australian copper geology and processing. The quality of the team provides a superb foundation from which to review potential development and processing options and settle on a work programme that will minimise risk and maximise shareholder returns.
"The SML Management and Board are closely following the progress at LCCM and have established reporting arrangements and management policies to closely monitor developments and to ensure delivery of sustainable operations mid-2019.
"The work programme and the development of LCCM are both expected to be fully funded from the Company's existing cash flows, and we look forward to updating the market on the progress of the work programme during the September quarter."
Folks taking positions ahead of the imminent GOI approval...
Down on a piddly 4.5m sell at 0.0172p on AQSE. CB has really ruined this company but i suppose we shouldn't have been surprised given his past perfomance with other assets in his portfolio. Dreadful.....
Probably explains why the MMs reduced the bid yesterday to 0.534p. Bid and ask have moved higher this morning...
0.68p to buy anything and 0.562p to sell a big chunk. Looks like the MMs have shut up shop....
Mcap less than £6m too low given the impending (good?) newsflow imo
Sadly I can see further delays across our assets and a SP below 0.5p in a couple of weeks time in the absence of any news. Harry is playing a blinder lol
Looks like peeps are taking their positions in anticipation of the GOI approval RNS landing sometime soon....
Surprised at the lack of interest here...
Whale Head Minerals Pty Ltd ("WHM") Heavy Mineral Sands ("HMS") Project
· Ongoing discussions with potential transporters and off-takers to facilitate sale of HMS products once NRR permitting achieved
Deep Blue Minerals Pty Ltd ("DBM") Diamond Project
· Post-period end, flow sort diamond recovery machine purchased and en route to site:
o X-rays and sorts processed diamond gravel
o Will be sited in secure Alexkor compound
o Delivered on-site in March 2024 enabling diamond production shortly thereafter
· July 2023: Received further payment of c. US$650k from Hebei Xinjian in respect of the sale of Aftan; aggregate payments received from Hebei Xinjian to date total c.US$4.85 million of the total consideration due of the agreed US$13 million;
CEO: "Whilst there have been some frustrations and delays, things are now progressing on all fronts and the Board believes that 2024 is set to be the year in which Kazera starts to really hit its stride."
Another missed deadline (or did I miss it?)?
RNS 19 Feb 25: "Later this quarter we will be issuing an update on Hawiah and Al Godeyer following the positive work programmes that have taken place. The metal content already reported at Hawiah is the gold equivalent of the Company's other development assets (Tulu Kapi in Ethiopia and Jibal Qutman in Saudi Arabia) prior to any further additional expansion. We are therefore highly encouraged to have made the Abu Salal discovery, which once fully appraised will no doubt significantly increase our resources in the Hawiah district still further."
I prefer a 3rd choice of Trump spending the next 10 years in prison. Take your pick of the offences he is guilty of....
The SP has been holding up well considering the latest delays and uncertainties with the second bank approval.
Wouldn't take much buying pressure for this to really take off...
Just the statement of a pillock...
A few % points either way is only of interest to the (short term) traders. GOI farm out/JV approval could well propel the SP above 0.2p so worth a bit of patience imo...