Member Info for Johnsun

It means they can't match the orders and the next deal was going to be >5% above the last automatic deal.

I was beginning to wonder about what was happening at RM until I watched the NAE interview. Wow. That's how to do publicity. I know I sound like a dripping old bucket about PR but perhaps our BOD should take note. The explanation of hole 19 at 5 mins plus the costings about processing and mining to come out in April are really exciting. Drilling again in June and looking to extend the Kelly Bray lode too. http://www.proactiveinvestors.com.au/companies/stocktube/8915/new-age-exploration-just-scratching-the-surface-of-redmoor-resource-8915.html

They need to decide on the route to production for LC. Mr mkt needs to know how much it will cost to bring back to production and what the recovery rate will be for the chosen method be it heap leach or vat or little green men with a magnet and tweezers

You would have to replace the RNS if there is an error but it's still all Captor Capital boys together. Maybe they can focus on mining now?

I was reading about Crofty a couple of weeks ago so if I have miss spoken from memory then I will come back to you all and call myself out. It's the right thing to do as this is a good board. I don't have any truck with the fantasists on LSE so that sword swings both ways. Don't have time to do it now though

Exactly. It's going to cost £150M to dewater Crofty alone. I think your estimate is low to build the mine. What about processing? More like £500M but that's for another day......today is all about the excellent RNS and then the plan to move to JORC resource

Where does the 150M come from?

Does anyone know why the initial deal with Jubilee Platinum fell through in MarCH 2017? It seemed a rather complicated walk up deal in 3 phases. Please sale and forget was a more attractive option. I can't seem to find who is involved in RMA

Don't forget the estimated 1.8Mt 0.68% Cu (non jorc) in the other licences. That could be Circa 12k tonnes of Cu once proved up. Look forward to clarification of which recovery process they are going to use. Maybe then things will move.

Interesting they have to pay £100K when 300 tonnes of copper is produced. That may coincide with the share tie in dates.

Dividends are unusual but don't forget who hold massive amounts of the shares. It's a good way to take money out of your company if the sp is stubborn and selling would give TOTALLY the wrong message. I think we need to stay realistic re dividends or people will start speculating. Just saying. GLA

Couldn't agree more. It's a proper grown up company that isn't running an overdraft to keep the lights on. It already feels like a £100 MCAP but the PR is a weak link. The BOD are very astute and I'm sure will realise this. Could do with it sooner than later though. GLA

I don't think so . It's more fundemental than that. The post by Richyptamworth on sunday 18:13 feels to be about right in my mind. SML doesn't fit the standard format of its peers. It's a 30M Co already acting as a £100 company but without the ii input. I repeat my comment from last week that now is the time to throw a few quid at proper marketing. The BOD are doing a fab job but to achieve those higher goals I don't think that the jovial uncle approach talking about cricket is necessarily going to get us there quickly. No offence John because im staying around me bonzer mucker. Quality will win in the end. Don't forget the BOD on record saying they don't want day trader volatility.

BBC news: How do you restart mining at South Crofty in Cornwall? You raise a "difficult" �17m before you then raise an "easy" �85m, it appears. It's 20 years to the day since the tin pit near Camborne closed - the last of many hundreds of mines which, between them, had been the bedrock of the local economy for centuries. But Canadian firm Strongbow Exploration will soon be ready to start pumping South Crofty out - "dewatering" - as part of work to revive it, to take advantage of high prices for tin and other minerals on site. After spending about �2m already, they have the cash - some �5m raised from international investors - to build the necessary minewater treatment plant and switch their new pumps on this autumn. Then they will go to the London Stock Exchange to raise another �10m - not least for their energy bill. Finally, the biggest fund-raise of all, to equip the rest of the mine: �85m or so. But by the time they come to raise that money, the hardest bit�s already been done, says Strongbow boss Richard Williams. He said: "Once you get to that point, you really reduce the risk of the project. And accessing something probably in the order of $110m, it�s a lot easier to access that kind of money than it is to access the current money that we need for the dewatering." (Its not ramping Strongbow - they're on TSX)

The existing diy comms strategy doesn't seem to be effective considering where we want to go now. Time to throw a few quid into that I feel.

Some very strange volatility here today. Look at the drop at 15:20 to fill the order at 15:30. Can the float be that sticky? Conspiracy theories are easy because there is no solid proof. Ask Team Sky and Russia (generally).

Don't know if it's tempting fate but Happy St Piran's day. The patron saint of Cornwall and tinners. RM may not be a tin mine but let's not split hairs. GLA

On fact if I had to point to 1 culprit holding us back it would be the mkt view of the cost of opening a hard rock underground mine in Cornwall. It's an elephant in the room. Hopefully the juggernaut will run it over though

Nice as "half of it sounds" I doubt it will be anything like that. Other projects will be in the pipeline and RM will be very expensive to bring to production. It's yhe old example of if you have cash then why pay credit card interest? I read JPs comment as introducing the concept of dividends. You don't need to pay loads to be able to say "look over here we're paying a divi". Expect most of the cash to br retained to induce financing Costa but "sum" to be released.

Hopefully we've reached that point then. We could do with a substantial piece of news to create some momentum that the MM cannot stifle. Thanks all