Member Info for gorsuch

I think Tapman has a fair point.

Where else could you suddenly get hold of 81million shares in one hit.

I don't really believe in coincidences, i.e. the exact same number of shares held by JP, we may just have another RNS to come.

You are absolutely right Fira.

I was just having a dig at Clovis Hooper, because Brendagate put a big dent in SML's operations, I believe Clovis knew exactly what was happening with Brenda long before JP, but when or "if" did he actually tell JP ?

You are not far off Fira.

I wonder if Clovis or his dad can solve this mathematical query!

You hold 38,413 tons of product, but you only sell 36,645 tons of product.

Therefor there is 1,768 tons missing, which equates to well over $100k, and would take 55 truck loads to move.

Where is it??

Slurm, these court extracts seem to state they did start selling it 5 months before JP’s RNS

50. On or about January 31, 2019, the Hoopers agreed to sell the magnetite to an entity called CalPortland at a price of $40 per ton.

51. On or about February 1, 2019, CalPortland submitted a purchase order for 32,000 tons of magnetite, to be delivered to a cement plant in Arizona.

52. Beginning on or about February 15, 2019, Larry Hooper/Hooper Ranch began selling the magnetite, which they claim was to cover ranch expenses.

Preston55

56. Larry Hooper claims in his ledger that Hooper Ranch incurred costs of approximately $242,777.75 to purchase a loader to aid in the hauling of the magnetite.

57. Larry Hooper claims that Hooper Ranch incurred costs of approximately $80,000.00 to purchase a scale for the sale of the magnetite.

Preston55
Some date clarifications for you.

Brenda stopped paying for storage on the Hooper ranch December 2017, so in February 2019 ( 14 months later ) the Hooper family started selling the magnetite to recoup some money.

And yet nobody seemed to have told JP Brenda never pays, or did they? because 5 months after the Hooper’s started selling the magnetite in February 2019, in July 2019 JP put out this RNS.

RNS Number : 4524F
Strategic Minerals PLC
15 July 2019

“Major Cobre client continues to express intention to pay with legal proceedings expected to commence soon should payment not be forthcoming”

“While the Board is confident that a satisfactory resolution can be reached with the major client at Cobre”

Either these two statements are lies! Or Clovis Hooper didn’t tell JP he was double dealing, in which case CH should resign.

JP no doubt you will be reading this sometime, in which case can you answer the following questions.

(1) How did a modest rancher manage to find a company to buy nearly 40k tons of magnetite.
(2) Is or was, “CalPortland cement company” ever a customer of SMG.
(3) If “Yes” Did CalPortland buying tons of cheap magnetite from the Hooper family have any effect on Cobre sales.
(4) If "No" Why have we never had CalPortland cement company as a customer.
(4) Did you know the Hooper family was vastly undercutting SMG by selling magnetite at only $40 a ton.

If you don’t know the answers to all these questions, then you should resign.

Not sure the link copied properly on the previous post.
http://broadreachreceiver.com/uploads/1/3/2/9/132950887/2022-04-01_doc_1_complaint.pdf

It seems like a long time ago now since I found Brenda, but if my memory serves me correct, SML told us it took a few months to realise Brenda had stopped collecting the magnetite.

But I now find that very very hard to believe.

2 EXCERTS FROM COURT PAPERS.
(1) On April 1, 2022, the Receiver filed a Complaint against Larry Hooper and Hooper Ranch, seeking to recover damages relating to their sale of certain minerals owned by Receivership Parties being stored on their property, asserting claims for conversion, breach of contract and unjust enrichment.

(2) In or around April 7, 2017, Receivership Party CV Investments entered into a Magnetite Concentrates Purchase and Sale Agreement (“PSA”) with Southern Minerals Group, LLC (“SMG”) The PSA was signed by Clovis Hooper, on behalf of SMG, and Brenda Smith, on behalf of CV Investments.

It turns out Clovis Hooper who is the president of SMG, is also the son of Larry and Pennie Hooper, who own the ranch where all the magnetite was stored, so he knew exactly what was going on, also Brenda wasn't paying his parents either, so could he not hear the warning bells.

Not only that, but did Clovis help his mam and dad sell all the magnetite?

EXCERT FROM COURT PAPERS.
In total, Larry Hooper/Hooper Ranch sold 36,645.08 tons of magnetite to CalPortland for $1,465,803.20 from February 25, 2019 through May 11, 2020.

It starts getting interesting from page 5, it will ask if you trust this site, but it is OK.
hTTp://broadreachreceiver.com/uploads/1/3/2/9/132950887/2022-04-01_doc_1_complaint.pdf

(( Does JP really solidly work each of the forty hours a week for SML? ))

Prop, I don't think he has ever worked 40 hours in one week in his life.

The awful thing is, even if he managed to work 40 hours one week, we would be paying him almost 10k for his efforts.

No matter how you look at it, what's happening here is tantamount to getting money under false pretences.

JP’s statement that the full PEPR will just be a copy and paste operation, that statement is pure fantasy that is aimed at keeping private investors clinging to hope.

Here is a very apt quote:
“Just because something isn't a lie does not mean that it isn't deceptive. One who speaks mere portions of truth in order to deceive is a craftsman of destruction.”

The BOD has already proved they have neither the skills, nor the integrity to make a success of SML, they are going to bleed it dry until there is absolutely nothing left.

Ever wondered what the BOD working week looks like for SML, I imagine it covers a period of about 1 hour, just enough time to check emails and their bank statement.

Many a true word spoken in jest DVH.

They do say that the truth can be very hurtful, maybe JP is not as thick skinned as he thinks he is.

£5.08 makes me think it's probably Alan Broome jumping ship.

Croutom

Who have we got that is actually capable of brokering a JV deal ?

Also, what proof have we got that could convince a JV partner it is economically viable ?

Bubble are you delusional?

The "derampers" as you call them, they are just people telling you something you don't want to hear, even if it's the truth

Fira

You shouldn’t underestimate Bubble he’s a budding shrewd investor.

Although I don’t think he should be putting all his pocket money into his Junior ISA.

I cannot attend the AGM it's in the wrong country for me.
Could someone ask JP to describe what a typical working day entails for SML.

It's just a glitch Lupi, I've just checked it and there are no dates in the orange assessment box.

When I used to check it daily last year, sometimes it would bring up older information.

Are there any public facts that state there are huge delays at the DEM, or that there is a PEPR queue, or is it all just assumptions?

The BOD would struggle to apply sun tan lotion, never mind apply for a proper PEPR, that's my assumption.

Sorry about that Lupi.

In fact North Moolooloo tenement ( EL 6279 ) already had an exploration licence, but as they have done in the past, SML just let it lapse on the 6/6/2021 then re-applied for it on the 8/7/2021. It would have been a lot easier and cheaper if they had just renewed it before it lapsed, what a bunch of cowboys.

You may all want to calm down bit, 2021/00081 is actually only a "Mineral exploration licence application" for North Moolooloo, it's not a mining application, they only send out "An offer" for exploration projects.
https://map.sarig.sa.gov.au/GeneratedFiles/DAILY/M01.pdf

Nothing to do with ML 5467 which is the Mountain of light, our PEPR number is MPEPR 2022/135, it states "Received 5/1/2022, sent for assessment 17/1/2022, completion target 19/4/2022, so far not completed.

Someone has sent you all on a wild goose chase.