Member Info for gorsuch

Croutom I think if you were a genuine poster, you should have been very annoyed at what I wrote, but you were not, whereas I know I would have been.

I owe John Peters an apology, I should have known he wasn't stupid enough to try fool us all.

The one thing that Croutom does that gives him away is the use of ( & ) he never uses the word ( And )

But if you were to check, R??????????T??F?????™@RTF83 on twitter, or Cornwall Resources Limited
@CornwallRes on twitter, you will find that Peter Wale never uses the word ( And ) only ( & ) in fact even on his Linked-in profile, you can find examples.

So be a good chap Peter, go crawl back in your hole & leave us to dwell in the misery you have created for us.

Croutom.

In a previous life I used handwriting specialists, which brings me to your messages.

If I’m not mistaken and I might well be wrong? and it wouldn’t be the first time; I think your posts were written by someone!! At SML, hopefully to keep the natives happy, but without making it official.

In your reply to my post, regarding your JP email post you wrote.

“yours sincerely , John Peters” – I have had emails from John in the past, that is how he signs off emails, not just “John”

“just that sometimes LSE blocks something it thinks is a URL” – How did you know that? You have only been a member for 48 hours, there is nothing in the last 150 post on here that mentions that, you would need to have been reading this BB before.

In your last post.

The information about JP’s 65m shares has not been available on the LSE site all week, so you must have found that elsewhere I presume.

Your first post (Thurs 13.26) and also (Today 10.09) were written by the same person, the reply to my post (Thurs 22.41) was either written by someone else, or, made to look like it was written by someone else, if “Propinquity” was to read them both he will know what I mean, the use of (i) instead of I.

If you read them all but with the thought JP might!! have actually wrote them and not Croutom, then the 10.09 post today tells you a lot.

I’m old and sat in the sun, just thought I would entertain myself.

Croutom.

Was there anymore to the email you got? the reason I ask is you mentioned "soon" & "near future" but the word "soon" doesn't appear in the email.

Also call me cynical!! but you only joined this BB on the 7th, but by the 9th ( less than 48 hours ) you have a coherent email from JP, that's something many LTH's have failed to get, just saying.

Looking at todays trades so far, I wonder if Alan Broome is selling up and moving on :-))

The fact is BCB, if we had all bought premium bonds instead of SML shares.

1) None of us would be losing any money right now.
2) We probably would all have more money than we started with.
3) It's a shame you can't buy hindsight.

There is a saying in Spain.
"Tell them it will happen on Monday, but don't tell them which Monday"

SML tell us beginning of August, they didn't say which year.

The nearest railway line/station is about 4 miles away at Gunnislake, although it's only 25 miles by road to the port at Plymouth.

A negative person is just someone who tells you something you don’t want to hear.
And yet, Fira has been right more times than most people on this forum.
It was refreshing to read Lupidog’s post today, for once something based on known facts, not just hope and hype.

Basically the judgment “STAY” is still in place, so that means until it’s removed we still don’t have any claim to Brenda’s assets, so don’t get your hopes up just yet.

The method for seeking to "enforce" an arbitration award under the Federal Act, is to file a motion for confirmation in the appropriate court. That court must grant the motion and enter judgment on the confirmation order.
The “STAY” stops SMG’s court case for enforcement confirmation from proceeding, that is why SMG put in an appeal to have it overturned (which was denied), because without a confirmation order they have no real legal right to Brenda's assets.

The receiver did say:
He has taken note of SMG’s position and will take it under consideration in recommending a claims procedure to the Court at the appropriate time, when the Receivership has marshalled sufficient assets for a meaningful distribution.

Taken from the initial court papers last year:
Since the Fund's inception, Smith raised approximately $105 million from “at least” 40 investors, and investors are still owed “more than” $63 million in principal.
The amount so far retrieved is less than $10 mil.

As Lupi has already stated, 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 paid for it, which in law becomes part of her assets.

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.

Do you mean Wolf Blade the dark fantasy book series, if I wanted dark fantasy I could just read JP’s outstanding RNS’s.

Just a thought, are you allowed to use “AB” and the word “crook” in the same sentence :-))

Bitcoinbuyer.

“The 3.7 aus $ deposit...is returnable so an asset”

It might be an asset for the S.A Government, because it’s going to be sat in their bank account collecting interest, whereas we have to borrow the money and pay a lot of interest on it, so surely until the debt is paid back it's a liability. Also it’s an environmental bond, so I would have thought rightly or wrongly, not until the mine ceases to operate would you get the bond back, that could be a lot of years down the road.

“This is where you earn or lose money...its a bet... and I am happy to have a good sized betting slip”

In which case people would have been wiser going to the casino, a simple bet on red or black would have been better, at least that way nobody has to wait 4 years, just to see if they will double or lose their money.

I don’t think August will be the rebirth of our hopes, JP has not kept a single deadline/promise over the past two years, the only thing we have had back for our investments are words. So unless he has taken a business degree during his 18 month furlough, it’s not looking like he can pull anything together before at least 2022.

JP brings to mind the Bee Gees song “Words” (with one word modified)

You think that I don't ever mean
A single word I say
It's only words and words are all I have
To take your wealth away

The share price did reach 0.60 on one day in January and one day in February, what more do you want, you just can't please some people :-))

So just remind us then Troajan, who!! apart from maybe Fira, DJ and possibly Freaky Zebra have actually called it right over the past 18 months, certainly not you.

It states in the PEPR pages 32 & 34 that we have an exploration licence EL6278 Moolooloo, which is not quite true, well in fact it’s a lie. SML actually let that licence expire in July 2020 instead of just renewing it, then 12 weeks later in October started the process of applying for it all over again, smacks of incompetence.

The DEM has already sent an offer to SML, the new application 2020/171 will be granted for a six year term, but a payment of $218,224 is required first.
Needless to say SML have not accepted the offer as yet

Well put Lupi, I would very much like to be positive about SML, but unfortunately I am too much of a realist for that.

We could all suddenly become very positive, that would bring in new investors and then we could get out with nice profits, but that would make us dishonest, plus it would make it feel like a ponzi scheme.

(Ponzi scheme) A form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
"a classic Ponzi scheme built on treachery and lies"

Ring any bells??

For anybody who is interested in what we have to adhere to, the first six pages contain all the relevant conditions, the other 1182 pages are probably not worth reading.
https://energymining.sa.gov.au/minerals/mining/approved_peprs

""not many producing copper mines with this market cap""

Not really relevant since we don't have a producing copper mine.

Prop, I don’t think the deposit money will be the main problem; I think they are going to struggle fulfilling the other conditions, over the years, the mountain of light has had various water and waste problems, they are never easy to rectify in the middle of the outback.

If by some slim chance this useless BOD can achieve all this, then there must be a god, so I may have to give up being an atheist :-))

Lupidog,
" AUD $10m to fund production at Paltridge North, exploration work and pre-listing costs". No mention of "An environmental security deposit".

So as it stands, we can't really expect to get any funding until the PEPR is complete and finalised, but we can't get the PEPR until somebody lends us at least 4 mil AUD, I think the "exploration work and pre-listing costs" were just smoke and mirrors.