The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
"the fact that this document is being accessed means that the DEM are using it for reference"
Why does it??
All it say's is that it has been changed in some way, doesn't say it's been used as a reference.
We are trying to get a PEPR for the "Mountain of Light". Both the document links you have posted are old PEPR's for the "Lorna Doone" mine.
Terra Consulting worked for the previous owner of LCCM Phoenix copper, they may have also been used by SML instead of doing our own due diligence.
Thank you for the link Prop, this bit about Richard Galvin made me laugh.
Richard Galvin, on behalf of Galvin Investment Company, has
submitted a creditor claim seeking in excess of $50 million in
damages in connection with Smith’s/CV Investment’s purported
interference with an agreement with SMG for the purchase of
magnetite concentrates.
He's the guy that made the first big client deal with SMG, but he failed to pay the bond figure asked, hence SMG kicked him into touch, then Brenda mysteriously turned up with the same deal, but she quoted higher magnetite purchase figures and SMG bit her hand off. ( After due diligence of course )
But how Galvin has the nerve to claim $50 mil is beyond me, I checked him out when I first looked for the major client, even then he looked like a crook, but Brenda beats him hands down as far as being a crook, I hope he doesn't get a cent.
Quote by receiver:
Upon information and belief, CVI did not actually receive any magnetite for which it failed to pay; rather, it failed to purchase the full amount of magnetite required by the PSA. It is further believed that some of the magnetite paid for by CVI was retained by SMG.
The magnetite Brenda bought and collected has basically vanished, but the receiver's view of our claim is interesting, because we still have magnetite that belongs to Brenda as she had already paid for it, which in law could be assessed as part of her assets.
So has the receiver removed the “STAY” he put on SMG ? Does anyone actually know.
If not, then the arbitration award will not have been ratified by a judge, therefor can they actually lodge a claim using their arbitration award, because it would not yet have any legal standing under U.S. law.
I seem to remember "Southwesterner" saying the following in his last post.
( I don't think they actually own any land or have even decided where the surface facilities for any mining operation would be located.)
So do we own any land in Cornwall? or just the mining rights to someone else's land.
In the USA for an arbitration award to have any legal standing, it must be ratified by a district court.
As it stands, the receiver won’t allow us to take our arbitration award to the district court, so our $21.9mil claim is currently not legally binding, in other words at this moment in time we have diddly squat.
Justdandy, I think you should revisit your figures, one minute it's 10.8 mil over 12 weeks, then you say it's over 10 weeks, when in fact it's actually over 14 weeks.
Don't know where you plucked the figure of £50,000 from, he's only paid out 34,000 for his 10.8 mil.
We may be long term sad people, but at least we can add up.
SMG filed a Petition for an Order Confirming the Arbitration Award in the District Court, but the Receiver filed a Notice of Stay in that action.
Until the receiver removes the "Stay" our $21.9mil is null and void, because without a courts decision to confirm the arbitration award, it's worthless.
I haven't seen anything to say that the "Stay" has been removed by the Receiver, or did I miss that bit?