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Im on the cusp, frankly more chance of Bitcoin going to 100K than SML getting anything out of LC.
Many of us were in support indeed. Sadly our recent new born again investors aren't on board with it. Apparently their investment is going to make millions. The price only has to go up 10 times, on no substance.
Proactive is a crock of **** lets be honest. Staged and paid for by companies. No difficult questions and no real answers. No doubt the board will find a way to avoid an AGM again in 21.
Can PW just take control of this company and clear out the dinosaurs...
Clearly they need more shovels to feed the pigs.
Probably miffed he's bought in and effectively paid to keep Alan Broome and John Peters "in the game"
From our salesman in the latest cobre update.
Strategic Minerals, said:
"Sales at Cobre continue to show excellent annual growth providing the Company the opportunity to repay outstanding liabilities and benefit from surplus cash generated from operations."
Just another example of misleading information put out by the BoD. Where has the money gone, they over a quarter of a mil in sept. They sell around 600 to 700k a quarter at cobre. Where has the money gone.
Another placing, surprise surprise John Peters. Now about that bonus? Apparently cover keeps the lights on and everything ticking over? We obviously not then.
The supply is just not there and stocks are dwindling, metals are finally going to have their moment. World is coming back online, demand is rising and the world has stopped exploring for the most part of the year. 21 is going to be a boon for metals.
Feels like an ATH.
Wouldn't worry about the debt, the amount of money printing is exponential, the world monetary situation has too far gone to do anything else except print more or rebase the entire financial system. I think I'll go with exponential printing for the time being. All of this is going to flow into assets and commodities. Just my 2c.
Thankfully I'm glad I went overweight in CAML. May well just recoup the deficit I have with SML. More chance of that doubling in 2 years than here. Now theres a BoD to follow and lessons on how to communicate to shareholders, even when **** happens.
If only we had some cooper to sell.
BTC is the new gold. They are decoupling. Gold down BTC up and up.
Copper at highs and still no interest in LCCM. At what point does the copper price become a no brainer for LCCM. The copper is there, we just can't get it out. Maybe someone else can.
It's pretty clear it is nigh on impossible for sml to go this alone. Has anyone any views on potential buyers, of who that might be down the line.
I can give 3 reasons why the SP is so low, but in the spirit of over optimism, Ill bite my tongue.
Another cheery day for SML holders. Copper going guns, no one believes we have a copper asset worth reflecting upon, sad times. Responsibility lies at the BoD's feet.
Interesting how JP reiterated twice that PW and JP are in for the long haul. Omitting to mention AB was telling. Clear he isnt in for the long haul.