Member Info for gorsuch

I agree ricohrover, in less than 100 days SML's budget for this year comes to an end, good news is even without the big client Cobre still makes us a profit, bad news is it's only enough profit for our day to day running costs, so at this moment in time where is all the money going to come from for the 2019 exploration budget?

Although the client is paying us up front for product they haven't had, in my view that situation can't and won't carry on, if the client had just dumped the contract, they would have had to payout a dam sight more for breach of contract than what they are currently paying, there may be method in their madness who knows.

Plus if there is such a thing as another big client out there, we should have been knocking on their door six months ago, there is enough stock piled material to service two big clients, so even if the original one came back it wouldn't be a problem, even more so if Cobre starts up again which is possible.

To be honest it's not worth the paper it's written on, basically we think we know where there might be some Nickel sulphide, so we will go over the area with a big metal detector and let you know if there is anything there, I can't actually see anything in it that warrants an RNS.

Kapan does seem to fit the vague description we have been given extremely well, my only doubt is that Polymetal also own Lichkvaz which is very close (70klm) to Kapan and seem to work together, I think these two sites are the only ones that Polymetal own in Armenia, hence would they really sell one without the other, plus around 75mi has been invested in Kapan over the past 5 years.

They have certainly upped the wage bill over the past six months, hope we get value for money.

" a rise off the back of (great) news."

Now that would be a novelty for SML :-)

Yes the article didn't explain where they got their information from, it could be that all they have done is taken the reserves and resources figures put out by the various mining companies, what I find strange is that it actually appeared in a Ukrainian metal publication.

Apparently this is what they think is under the ground in Kyrgyzstan.

https://metalukraine.com/2018/07/12/kyrgyzstan-development-of-deposits-to-yield-83-3-billion.html

I can’t see the Resilience Mining shares (c14m) suppressing the share price even if they sell them all in July, no one in their right mind would try dump them all at once and drive the price further down, so no doubt they would just trickle them into the market. Besides our average sells over the past few weeks have been in the region of 12m to18m per week, we are already at about 6.3m sells this week and we are only half way through it, so their c14m shares would just gradually blend in.

Sorry Pablo, should have read your post before posting mine.

Kicked the can down the road again, now it's September before the parliament revues the deal with Centerra.

https://www.reuters.com/article/centerra-gold-kyrgyzstan/kyrgyzstans-parliament-to-review-centerra-agreement-in-sept-idUSL8N1TV1M5

"Incredible how people are being suckered into selling when it seems fairly likely that someone is stake building and wants to do so at around 1.5p. Hence all the one million buys for weeks.

Seen this countless times over the years on AIM.

Also true price discovery is rare on AIM stocks. Always keep that in mind"

Derby, this is your first post which still appears on my computer, it also appears when I look at LSE on my phone, the strange thing is that I put a post on here this morning that I can still see, but it doesn't appear when I use my phone to access this forum.

Must be a glitch with LSE, technology is a wonderful thing when it actually works properly.

The original post you put on is still there?

We get a good RNS and the share price drops, get a not so good RNS (in my view) and the share price drops, getting a tad peed off with this share.

We have a lot of money to pay back in September which is only 10 weeks or so away, my guess is that the 130m shares is to pay back the money we borrowed and give us some working capital.

There again between 1st March and 30th April there was somewhere between 160 to 180 million shares sold, and no one has ever come up with a "who" and "why" bearing in mind that's almost 12% of the total share capital of this company, you would have thought something would have come to light.

I might be wrong! but in business terms Scott's answer that "he will make every effort" doesn't usually cut it, not really the "positive" response I would expect if I were the prime minister, which can only be good for CGH, in the end it's all about making the right noises to please people.

Apparently the prime minister of Kyrgyzstan met with Scott Perry CEO of Centerra on 16th May. Unfortunately I can't read the article because you need to subscribe first. https://akipress.com/news:606762

I guess it depends on what you base a blue day on, the share price has gone up ever so slightly and the ask price has also moved up slightly, but seen as our shares are only worth whatever the bid price is, on that basis we haven't really had a blue day.

What JP told me yesterday was that the suspension was only agreed on Wednesday this week, unfortunately the word "Yesterday" didn't appear in the RNS, had it done so then it wouldn't have looked like they had been holding onto the info for two months.

JP has just informed me that he has had to cancel today's broadcast, he is still traveling and can't get a decent signal. Instead he will be in the Proactive studio on Monday, also sends his apologies.