Member Info for FreakyZebra

Kindly answer the questions rather than personal attacks?

What was £1M spent on LCCM for exactly?
How much more £ is required to bring LCCM into self sustaining production?
Why did we agree to buy Redmoor NAE with no money to buy it (we were busying ploughing in the £1M to LCCM)? So we never had the cash in the first place?? Absolutely bizarre.
Why is the NAE rework taking so long? Is it because we are Issuing even more shares to buy the remaining 50% Redmoor (I suspect this is the case - expect more dilution NAE onwers to get a stake in SML as part of the deal)
How much is litigation going to cost against the mystery client?

Another raise coming. What a joke.

Fira you are right, JP said the same thing yesterday. Provided they get the 4m they won't need to raise again for some time is what he said. Well if they don't get the 4m they will need to raise again.

Tucked away at the bottom.

In March 2019, the Company, entered into arrangements to acquire the balance of the Redmoor Tin and Tungsten project in Cornwall, UK which has now expected in the first week in July 2019.

I take it to mean they don't expect to get the cobre clients money in time for november and will restructure the payment terms.

Its evident the SP will not push past 2p until Cobre issue is resolved. There is too much uncertainty regarding funding going forward. Anything can happen which will require more cash to get LC up and running, we currently have a tiny buffer from this fundraise for contigency and no way to fund the further payment in Novemeber. Cobre resolution is needed to restore confidence going forward - otherwise its clear they are not shy to raise to an elite few without informing shareholders until the last minute. We need the cashflow buffer end of.

Lurker and holder for a long time. We can debate the approach on raising cash till the cows come home. It's done and we have the cash to purchase another asset. I took the op yesterday to top up early doors. Fortunately able to get a edge in at the bottom. The fact that we are basically flat 1day after a placing announcement speaks volumes. There is obviously positive sentiment around. I don't think I can even remember an aim company going flat on news of a discounted placing! I've been around for a few years and it is quite clear the damage from Cobre lingers on. The ship wasn't as tight back then and news got out about the cobre client. A month or so later after sp drift we got the news, it was too late. The cobre issue is a hangover we have to get rid off. If it means legal action then so be it, we were successful before and I'm sure we will be successful again. A line needs to be drawn with Cobre so we can move on from a failure of our client that started 1.5 years ago. I'd be happier to see legal proceedings have begun rather than empty promises from a client that has already messed us about more than once. If we want to fund the 1m Aussie in 6m, we will either need another raise or Cobre settlement. With all that being said in 6m if LC comes online as expected, this is a minor blip. Value wise even without major client our assets are undervalued due to uncertainty of company funding.