Member Info for FreakyZebra

Quite amazing the decimation to the price of this company in 4 months. £10M SP on turnover of what 3million quid. profit of at best half a mil a year. I fear this has further to fall, 0.5p is looming, maybe we will bounce from there. LCCM is a not even talking point anymore, its an embarrassment. Maybe in H22020, hopefully we'll get some cash through arbitration to pay for it and hopefully they'll pay half to long suffering shareholders especially if they hit $20M . JP must think these are the steal of the century now...The only good news that could come and rise this up above 1p is a significant settlement amount. Unless it arrives I think we all know whats coming.

No cash to bring lccm online, once again the small print has changed. We aren't going anywhere till we get a sizeable cash injection.

Given we don't want to raise, best we can hope is a loan whilst we wait for legal action.

For your information, no I have not sold. If you hold you should be outraged by the performance of our BoD ,the major client you can argue is out of their hands. But LCCM, HC and Redmoor lies solely at the hands of our management team. I dont want a podcast from a bumbling JP letting slip truths that contradict official RNS's (is it 12 or 18months?). I want to see a detailed RNS explaing exactly what has been going on and what the plans are in black and white and visible to everyone. Restore some certainty to the chaos which has been largely inflicted by the board of directors ability to communicate the truth of the situation.

Of course he can give an update on LCCM. What the hell has been going on since the trial? What have they sunk millions in to. Especially for him to then write in the interims that yield is lower than expected. SOMETHING has been happening and its clear he doesn't want to say what. They've done work and their forecasts were wrong. They are keeping quiet what is going on and we should know what the expected yield is NOW especially when they are saying they know it is lower than what they thought, so what is it? Fed up of the vagueness. No one likes uncertainty and we have bags of it here with, no idea of where the cash is coming to pay for redmoor. No idea if LCCM will even be profitable and no idea if we will ever see the money from the "major client". They are looking more and more like a one trick pony where the best they can do is act as a middleman to sell some offtailings from someone elses operation.

Until we get clarity as whats going on at Leigh Creek, we are drifting lower. There is nothing to indicate that it is going to produce anything near what they have stated until they actually start producing in volume from it. The board have proven in 2019 they cant be trusted and are spineless. You can blame the major client, but it doesnt cover the deceit, staring shareholders in the face whilst hatching plans to dilute and line their own pockets. Im beginning to wonder if the problem with the major client is actually due to our BoD.

Should be ashamed of themselves. They have lied and kept back important information on the companies assets whilst lining their pockets. The utter gall of JP to go on TV and claim how transparent they are. Whilst organising placings, failures at Leigh creek right under shareholders noses. What a load of rubbish, no John you aren't fransparrnt and frankly I'd prefer to never see your face again!

Not much. Most of the options were at 0.1p so they are sitting on a VERY handsome profit.

Seems that's the only hope of ever seeing 2p again. You never know could have 20mil in the bank by 2021...

Highlights:-

· Sale of the copper commenced with an initial shipment of 5 tonnes of copper cement (approximately 70% Cu).

· Production from the re-activated heap leach pads is continuing in line with management's expectations.

· Total production from the existing heap leach pads is forecast to be in the range of 150 tonnes to 180 tonnes of copper in cement.

This was in May. Why are we hearing in an interim in September report that the heap leach is under performing expectations?

Next news, Q3 and cash balance. JP can you also explain what has gone wrong at LC and what if any is the remedy. Some timescales more aligned to a specific quarter would be helpful rather than a LC operational in 2020, it's only 3 months away.

Not holding my breath. Hiding issues at LC, Wale and Broome are silent for many many months. Until there is a comprehensive explanation as to what is going on at Leigh Creek, we will be valued on Cobre alone and the expected dilution from Redmoor.

The value here is astonishing at this price....We've got reset and have cash coming in from Cobre... After results I expect a tranche of buying support from directors. LC was curiously left it of the talk. I suspect there are negotiations going on on background and after promising much before wth Cobre client, JP does not want to get in that position again. He mentioned they were narrowing down the opportunities so sounds good to me. We'll know when the ink is dry, happy with that.

This is very good news finally. I expect this won't go to court and we'll settle for half. The client wants their name out of the limelight. Payment before the year is out could be possible.

The next RNS is interims, due end of Sept. That is the opportunity to give an update on where the company stands. I expect a placing is being prepared, hence the radio silence.

I would rather the BOD actually announce whatever it is they are doing rather than hiding behind emails to individual investors whilst the share price crashes in silence.

And I can't stand a blind faith investor. You seem to think the directors are coated in teflon and can do no wrong. I have every right to be here and be critical because I'm a shareholder. Whether you agree or not, I do not care. The bod read these forums and it will pay them to read their faults and correct them rather than having a band of cheerleaders egging them on whatever they do.

They may well be busting their guts. But no one knows about it. The last RNS yet again raises more questions than answers. I really hope the "strategic review" which also is conjecture because not officially announced, answers the many questions we have all had.

Thank you for sharing, but unless I see any of this formally addressed in an official statement, it is akin to a nudge and a wink from a salesman. No one saw the placing being prepared right under our noses as well as the cash balances being drastically reduced on lccm which we still have no explanation for. The board claim their transparency but the last week's have been anything but transparent. Rns's have been murky to say the least and misleading, the placing RNS was completely voided by JPs bumbling interview. Why he still does these solo when pw is far more well rehearsed and corrective is beyond me. l maintain the valuation here is about right with just Cobre, but we aren't here for Cobre. This review needs to be clear and concise with no room for extrapolation due to vague statements which do more harm than good.

One other thing is like to note is why are none of the board buying at these knock down prices. Are we not out of closed period? Much cheaper now to get your "skin in the game" bods, or do you want more options at vastly discounted strike prices..?

Some are un answered, some are not. What don't you get?? Cobre alone is worth the current price. My concern always has been the brass of the directors.

Was knocked before for my questions that everyone has asked subsequently. Some have been answered some still remain but at this price, sml is a screaming buy. Not a trader still hold, because it's evident that beside the unawsenered questions, there is still a viable set of prospects here. I do expect capital to be an issue going forward. There are still unanswered questions on LC . Redmoor is done, the plan is in place with or without the cash to support it as I pointed out. The large client is sunk with what appears a cast iron legal case if it comes to it, I expect settlement before the year is out. LC is critical and with the impending update I expect the pertinent questions to be answered. The real discussion is around the bod behaviours. They know they have screwed up. It all began at the agm when they bent us all over with the placing. Frankly the salaries are disgusting when they have ****ed up massively, a token salary going forward as far as I'm concerned. Forget their skin in the game, which was attained as options at a far lower price. Skin in the game is buying in the free market like the rest of us, and it's obvious they don't like doing that. Cut the extortionate salaries. Redo the otpions at sensible strike prices and then begin to rebuild shareholder confidence. I'd like to know where our illustrious Peter Wale is, seems like he's more interested in his other business interests these days.

You really are delusional! Tough questions that no one can answer and resort to personal attacks.

I know more about this company than most of you! It's clear no one actually has a clue!

Only one poster worth his salt, he knows who he is and is now strangely absent!