focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I would like to thank Cornishknocker and Southwesterner, for taking your time up on a weekend to try educate us all, it is much appreciated.
I think we now see that we should be focusing on the price of Tungsten not Tin; here are a couple of Southwestener’s observations that interested me.
““At best using a tin equivalent grade for this resource is irrelevant, at worst it’s misleading””
““It won't work, no mining professional is going to recommend this as a tin project currently, and I would advise that this "marketing" is doing more harm than good to the credibility of the project and especially its owners””
So who are the BOD trying to deceive!! obviously not the professionals because they know it’s not a true tin project, so that only leaves us, the shareholders, they seem to have a knack of trying to deceive us and fail. Troutisout realised what they were doing in the Cobre accounts, hence they had to send out another RNS for damage limitation, I forced them into issuing an RNS about our major client Brenda, because they didn’t want to tell us the truth. To be honest the one thing SML needs now more than anything else is TRUST, they have lost a lot of it over the past two years, but they don’t appear to be making any effort to try and regain it.
Bitcoinbuyer,
It doesn't state that it might be a 10 week wait to re-submit the PEPR, sometimes people read what they want to see.
It actually says:
"EXPECTS to submit" this to the South Australian government during the quarter ended 31 March.
Whenever they have used these type of phrases, it is usually followed by failure.
To be honest, as much as I don't like to think of any of our BoD making more money, I believe that MUST is probably our best bet at this moment in time.
Have the BoD told us how much of the raise they spent on Cobra, or more to the point have they actually spent any of the raise on it yet.
Lupidog,
I figured that PW would lose out based on the shares he bought on the open market, according to director dealings he has bought 13,342857 shares costing £111,360 not counting his B&B deals at Christmas, which averages out at 0.0083p, so if we got an offer for SML today, it would need an 80% mark up on todays share price just to break even.
But then Prop, we would have to consider what the BOD have done (or not done) over the past 18 months, by dragging out all their promises and missed time scales, it has lowered and kept low the share price, that would make it a real bargain for Mustang, admittedly PW would lose out on a low SML share price, but no doubt that would be eclipsed by what he would gain out of Mustang, just a wild theory.
When Richard Corsie sold out to below 3%, we were notified on the 3rd September 2015, an RNS on the 4th September 2015 states that Peter Wale bought shares to take him over the 3% threshold, on the 3rd of September.
Because Peter Wales purchase doesn't appear on director dealings, he built up his stake before been given a directorship.
I sold out completely when the "Brenda's giving us $4 mil" RNS turned up, it sounded like B***S*** and that's exactly what it turned out to be, I sold at 1.70 but like a fool bought back in at 0.60, I've now averaged down to 0.51 so when that turns up I'm gone, I will be happy to just breakeven.
Freaky don't forget Peter Wale and Alan Broome started a company together, when you read what that company (Mustang Energy) does it makes you wonder if SML isn't their target.
Mustang Energy PLC is a Special Purpose Acquisition Company (SPAC), whose shares are listed on the Standard List of the Main Market of the London Stock Exchange, which intends to utilise its strong management experience and relationships to acquire interests in low-cost and low-risk development projects that possess significant undeveloped upside with access to existing infrastructure.
Https://www.londonstockexchange.com/news-article/SML/equity-fundraising/14778574
Lupidog, when I researched MB I came across this company that he and Mr Wale set up, after reading this bit of blurb from their website, I thought the same as you do.
"" Mustang intends to utilise its strong management experience and relationships to acquire interests in low-cost and low-risk development projects that possess significant undeveloped upside with access to existing infrastructure.""
""Oh Nickel , have you ever been wrong .......
I am increasing my position from 30m plus shares . You have none.""
One thing I've learnt on forums is to never trust anyone who constantly tells you how many shares they have.
Also you should never discount other peoples opinions, Nickel has a certain track record, that alone should make sensible people think!!