Member Info for FreakyZebra

I suspect we won't be hearing from JP o AB for anlj. While yet. They would not have the brass to do an interview and face questions on outlandish renumeration. I expect they will wheel out PW to temper shareholder opinion, because he is the only one who carries himself well in times of success or failure. Frankly I would like to hear his honest view of the situation. However as he is in bed with AB on another money making venture I think we can safely say he's bought a ticket on the Alan Broome gravy train.

Yes he is avoiding tax.

No one. They have decided the chairman the infamous Alan Broome of multiple loyalties will represent us.

"Shareholders are requested to appoint the Chairman of the meeting as his or her proxy as any other person so appointed will not be permitted to attend the meeting. Shareholders are encouraged to submit any questions that they may have to the Company by using the "Contact Us" tool on the Company's website ( https://www.strategicminerals.net/contact-us.html ) and the Company will seek to answer these, where possible, as part of the Chairman's comments at the AGM."

Tarry, quite right. The bonuses and renumeration cannot be ignored. It is outlandish and disgusting raiding of company money for their own personal gain. Usd191k is almost 300k aus dollars. Total salaries and bonus this year is 2 thirds of the final redmoor payment. They raised over £1m in June last year. Where has it gone if cover covers overheads? Another £1m raised this year. It appears to me they are raising to keep their salaries firmly in orbit.

I think you'd likely find this was a company AB was chairman of. He's a master at taking it from both ends.

"What the hell is step six going to be???"

Rinse and repeat. Dont buy into any of these snake oil salesman's ventures and spread the word.

This is disappointing. These guys setup companies like confetti.

http://mustangplc.com/index.php#directors

I wouldnt worry about unloading his shares, there will be another raise soon enough and it has been hinted at in the report.

50% of the vote is needed to force anything, I wonder what the Manners are thinking of all of this, with the right backing, we can hold the directors accountable.

Not only are they limiting access but the questions are screened by AB hiimself!

SML needs a total reorg and clear out at the top. PW is probably the only one that comes out of this not smelling like ****. He is best places to find new leadership in my opinion.

JP and AB need to go. They are dead weight leeching this company dry. Nominate PW for chairman to clean this out and get a new bod in plave. That can deliver something and take a reasonable salary and performance driven bonuses.

Indeed it's there in black and White when he is paying himself a bonus for probably the most failed performance of the year. 186k salary topped up with 191k bonus. Disgusting when you read how JP has conducted through the transcripts. It is not justifiable in any shape or form and frankly should be paid back into the company. It is 5% of the market cap of the company on one person.

JP walked away with almost half a million. Unbelievable.

Does anyone think it's a tad excessive. Almost 1 million dollars for failure after failure. How on earth did they have the cheek to pay themselves bonuses.

Have some people forgot over 200m shares are hitting the market? This is why there is movement.

Thank you for this video reminder. Just goes to show, dodgy as the mythical cobre customer. who managed to convince him that they were above board. Evidently time has proved AB's judgement is off and in the aftermath he is feathering his own nest rather than securing a fair deal for shareholders. He has done well securing himself multiple revenue streams, at the expense of SML shareholders. The reputation of SML is in tatters and it will take a nothing short of a miracle to bring this round. Maybe time for fresh blood at the top.

Alan Broome should go. Id nigh on bet that LC and Redmoor purchases were all his idea anyway. He was once always availble when hyping everything up, now we hear from him when he comes with his cap in hand begging for more money to pay his other company. Stinks.

If it was worth so much a) why is it not reflected in the SP b) why do we not have a queue of larger mining companies desperate to snap it up? Given SML's history of calculating value (LCCM), it is more than sensible to attribute 0 value to something that you have no way of selling.

Buying 100% of nothing is not increasing value. What have we bought? 100% of something that was already discovered. There is no value on it as it is stuck in the gournd and requires around a massive amount of funding to even consider getting it out. To SML it is worthless paper, much like the shares.