Member Info for FreakyZebra

I vowed never to sell as a reminder of what bad management can do. Been around long enough to now see what good management can do. Not selling, I expect sml is going to be sold on before the mine gets built at multiples of the current price.at least a 5x( (50m). The previous drills already warrant this, the new drill season clis only going to reiterate what's there or expand it IMHO.

LME price looks like it wants to clear multi year highs, following rare minerals bull market.

It's 20m USD a year if they keep it up, it's significant, creates a floor in the price and means there is always a buyer in the market. CAML is pretty illiquid these days and if institutions want to come back then they will have to compete over CAML itself. Buybacks may just be what CAML needed and well done to the team for trying something different. A stellar dividend wasn't working.

The poor performance here is all about SASA. It's loss making, I really expect the management to focus on either improving it's economics or getting rid of it. There's no money in operating a mine that is a bottomless funding pit.

been a while since i have posted. the full board clear out is well over due and what every shareholder wanted. im glad to see it finally happened. the parasites have been cleansed. manners along with rab running the show is a breath of fresh air and going from his photo and experience he doesn't like to lose money frivolously. with some luck and it will take some luck along the way, this can turnaround. results are due in a few months and that will put bpat back in the box as he is wheeling off old data, sorry facts that were true a year ago, not so much facts now, more like horse**** from a donkey. maybe do a bit more reading, your numbers are out of date but i suspect you knew that already.

The management is the problem, brave man to top up. Every RNS they fail to deliver on. What makes this time different. It's a pure gamble but I will not put another penny into this company. As I've said before this is an expensive reminder to never trust a board that hasn't proven themselves to be capable and a reminder that AIM is filled with charlatan executives.

Either that or the business is being wound down.

I expect the quietness from the board means they are in the process of raising more money to pay themselves for another year.

You can count me in.

Make a trip to the site and take a leak on the leaching pads for good measure while you're there. Make pick up some of the copper that is apparently just sitting all over the place waiting for some competent people to extract it.

That is terrible and comisserations but write it off as negligible value claim and use it to offset any CGT over the next 5 years. You can make it back by paying no tax on your gains to the tune of 56k

LCCM has Alan Broome written all over it, the man is a complete failure here and everywhere else he's been. I wouldn't be surprised if this fraudster got a nice brown envelope after he mugged off JP and PW to purchase it.

The only hope for Cornwall is a sale to pay these clowns, it won't benefit shareholders at all. I'm willing to bet this is their end game, sale and put the dog down, she's suffered long enough.

There is no underlying business that is profitable, who in their right mind will subscribe, I can't see the Manners throwing more cash into the bottomless pit. Of course the bod could reach in their own pockets and then pay it back to themselves over a few years in the hope a miracle comes along to save the company. SML is really finished at this point. If they were football managers they would have been sacked years ago. Any number of players could acquire all the rights for a couple of million double the price and it only cost 5mil. Absolute shambles and a disgrace to the market, they should be utterly ashamed, they deserve no mercy from shareholders.

Probably not wrong. JP will sell it back to AB or one of his shells at 10% of the cost AB sold it for the first time round to sml. And he'll pay for it with the money he's leached from SML.

The negative sentiment here is surprising. Lowest cost producer, fantastic dividend, cash pile growing, growth through acquisitions. With war, debt and growth narratives being parroted in the mainstream the market is fearful of a black swan. Fantastic time to buy quality companies for a come back in 2024 as economies rebound.

When you turn off the global economy and inflate like there's no tomorrow for years, it takes more than a couple of years to get the motor restarted as you purge the system of excess liquidity.

Would not be surprised to see markets and caml specifically returning to ATH in 24.

You only need one big whale, the rest will follow. RAB or Manners get involved then the snowball starts. Writing will be on the wall and everyone will get behind a change. Directors if they had an ounce of common sense would voluntarily resign once its clear they will be ousted.

On the contrary these is every chance these clowns will go.

With RAB, manners and a consortium of retail there is every opportunity to force the removal. This has happened before multiple times with AB:

https://www.miningmonthly.com/markets/international-coal-news/1301449/broome-resigns-endocoal-board-egm
https://www.smh.com.au/business/fourth-sweep-at-broome-fails-20130410-2hlr5.html
https://www.houstonchronicle.com/business/energy/article/Proposed-new-Buccaneer-Energy-directors-speak-out-4629916.php

They need to go. There is no wiggle room. Track record of failure after failure, destroyed shareholder value and a track record of doing it multiple times in opther companies AND being forced out.

The only news that will move this is resignation of the board or a offer for the company.

No one will believe any words coming from the board, however they may phrase it, any material rise will be dumped on heavily - there is no faith in the board to deliver anything other than snake oil. They need to go.

He can start by sacking himself.