Member Info for gorsuch

The link works for me on a desk top computer; it takes me to a sign up page for “Wikipenny”

But I’m not sure why exactly are we thinking of using it, as opposed to just discussing things on here, it can’t be to keep information away from the BOD, because even if they are only half as smart as we think, they will also have signed up to use it.

JP states:
“ The Board continue regular engagements with SML’s largest shareholders and value their continued support for our strategy “

1) That’s his way of saying don’t mess with us because you can’t win.

2) It probably comes as a big surprise to most investors that they actually have a “Strategy”

3) Can you actually class “Self preservation” as a strategy

4) Institutions hold 44.2%, General public hold 45.6%, so in essence we are the biggest shareholders.

Because their search criteria was " Leigh Creek Copper Mine" so it has picked up everything regardless of time scale, the last PEPR was approved on the 3 April, the site was then updated on the 5 April to show those details.

You can have my shares, but I have been averaging down over the past year, hence I have sold almost all my holding at as near breakeven as was possible, I only have around 500k left at 0.042p purely to keep one foot in the game, I’ve been here so long I want to see how it all ends.

Just a thought, but to have any changes implemented we have to win the relevant votes, individual insiders (Directors etc) hold 179,996,941 ( 8.9% ) of all shares, but if they can rely on the Manners family or RAB or any of the institutional investors, then we would need at least 300 million shares to stand any chance at all.

As Croutom has already stated, the BOD have no real accountability and they know it, they will just say what they think we what to hear, only if we have a volume of shares that worries the BOD will it work, otherwise the EGM will not achieve our aims.

RNS Number : 4002O
Strategic Minerals PLC
10 June 2022
Results for the Year Ended 31 December 2021

Statement by Alan Broome, Chair of Audit Committee.

Going forward into 2022 and beyond, the Committee and I will remain focused on ensuring that reward at the Company continues to be closely aligned with the delivery of long-term shareholder value.

Doesn’t it make you want to throw up?

Also, for all those who think the directors should halve their salaries, it would only save us approximately 75k per annum.

JP is the only full time employed director of SML, AB, PW and JH are employed on a part time basis.

Salaries. (From the last year end statement June 2022)

JP: 13k p.a
AB: 13k p.a
JH: 13k p.a
PW: 110k p.a

PW doesn’t charge any consulting fees to SML, hence he gets a much higher salary to compensate, the other three all charge consulting fees which makes up the vast amount of their income. So if they halve their salary PW would lose 55k p.a, whereas JP, AB and JH would only lose 6.5k p.a.

PW is part of the Remuneration Committee, so he is never going to vote to give up 55k.

If you go onto SARIG, look at ML5000 / ML5001 which are top left of Leigh Creek, they are completed PEPR's and will explain what I mean about the assessment dates.

Croutom,

The system doesn't work like that, they don't do them in any specific order, the assessment starts when they receive the PEPR application, there are various teams dealing with PEPR's not just one.

The information on SARIG is purely a platform by which the public can see what they are doing, information from all S.A. government mining / petroleum and geoscientific departments is updated onto SARIG daily, nothing is opened or taken from the SARIG platform, it's purely a window for us to see into their operations.

On SARIG you will see the received date of 29/12/2022, then an automatic set target date of 14 days i.e. 12/01/2023, when the Date completed box is filled, that same date will also appear in all three assessment boxes, they don't put a specific assessment start date in for us to see. Not sure where it says the DEM must complete the assessment within three month ?

It may well be that they have asked for further information, but our BOD don't think it's worth telling us about it.

You leave our AB alone, he's the go to guy for all our due diligence.

God knows where our company would be today if not for all his help :-(

“” have been told off by the BOD (directly) as pestering them could result in negative sentiment towards SML & our applications””
What a load of cr*p the BOD spout, take absolutely no notice of them, they just don’t want investors to find out they bend the truth, take for example.

To keep the PEPR application alive, the BOD were told that they must submit all further requested information to the DEM by March 31st 2021, then we get the following RNS on the 31st March, which gives the impression they have submitted everything that was required, but as usual Mr Peters manages to bend the truth to hide his own failings.

RNS Number : 1458U
Strategic Minerals PLC
31 March 2021

Commenting, John Peters, Managing Director of Strategic Minerals, said:
"The submission of the further information sought reflects the on-going dialogue that LCCM has maintained with the DEM and reflects the prudent policies the South Australian government follows in ensuring mining projects are environmentally robust.

My communication with an officer of the Mineral Tenements group at the DEM, one week later on the 7th April 2021

“”I understand that a number of documents have been lodged with more to follow.
The PEPR previously lodged remains under assessment””

SML is the reason our PEPR's take so long, not the DEM's fault as our BOD would have you believe.

Croutom.
These contact details may help your research, I’ve dealt with all these people over the years, they are very helpful and responsive, although keep in mind everything they do and say could!! be price sensitive, so you just have to be a bit clever how you phrase what you ask them, if you want snippets of information.

peter.waring@sa.gov.au Senior GIS/Technical Officer, Customer Services.
This guy was always very helpful.

trish.mcguire@sa.gov.au Customer Services Officer, Mineral Tenements Program.
When people don’t respond to a request, she is the woman that seems to make them.

The department that deals with PEPR’s is called the “Mineral Tenements group”

This is their direct number: +61 8 8463 3103
DEM.Tenements@sa.gov.au

peter.lane@sa.gov.au Principal Compliance Officer – Mining.
Not the most responsive guy, but all requests about our last PEPR ended with him.
Direct number is: +61 (08) 8429 0273
Mobile number was: +61 477307661

Croutom, since we were granted our PEPR in June 2022, there has only been 1 PEPR granted for a copper project, but that was only for a drilling project not for mining, the vast majority of all other granted PEPR’s were for Quarrying projects, which are far less toxic and ultimately lethal than copper extraction.

If what you say about 99% of this PEPR is already approved, then why wasn’t the outstanding 1% added to the PEPR we got last June ?, you make it sound so simple but it is far from it.

Unfortunately Sammy, SML has become a lifestyle company, the BOD use it like a holiday home, they turn up periodically but don’t do anything meaningful to it, just enjoy the benefits it gives them and their families. Whilst Cobre pays for the upkeep and running of their lifestyle, this is how it will stay, until Cobre finally runs out then they will just try sell what’s left.

The PEPR "Target completion" date is automatically set at 14 days from the received date, it never alters regardless of how many months or years it takes.

This is the new PEPR reference number: MPEPR2022/174 although going back even before SML bought LCCM, it has never had a PEPR application that was straight forward.

"" If we are as close as JP suggests with funding talks""

None of our so called directors know what "close" actually means.

According to them, we have been "close" for over 4 years now.

Something I would be interested to know, just exactly what information did they put in the data room for potential partners, because I can’t think of anything solid the BOD have that could prove LCCM is a viable going concern.

Maybe RAB capital wants all the magnetite from Cobre? just a wild guess.

Here are some snippets from the internet referencing Black Iron Inc.

In March 2022 Philip Richards of RAB Capital increased his ownership of (Black Iron Inc) to almost 15%

Their present study continues to investigate the use of magnetite ores in iron ore pellet production.

The production of steel using Black Iron's anticipated high grade 68% iron magnetite pellet feed reduces green house gas (GHG) emissions by ~30%

I seem to remember that the bond for a full PEPR would cost a few million, whereas a PEPR Lite bond was only a fraction of the cost.

A full PEPR may!! only be a copy and paste operation, but first they need someone to lend them a lot of money to get it, but nobody will lend them anything unless they have the full PEPR, hence the catch 22 situation we find ourselves in.

The BOD have Cobre to keep their gravy train running for a few years more, I think they will feed of that until there is only a couple of years left on it, then they will sell all the assets and ride off into the sunset, hopefully before that can happen someone will buy SML and put us out of our misery.

Roughly how much does it cost to put out an RNS ?? or two for that matter.

Just so someone can spend £1.35p

I wonder if this bit was written before or after the government bankrupted the country.

"We are studiously preparing submissions for possible government funding of the Redmoor mine and believe that this project aligns well with the UK Government's plans for the Critical Minerals sector."

I think you mean it rises up from the ashes.

But first like the phoenix it has to have crashed and burnt.

So you are not far off being right.