Member Info for Lupidog

"The Board looks forward to a more active period of news flow during the final quarter of 2023."

Shouldn't have just done that. I just checked my share dealing account shares profit/loss. SML showing a loss of £56,000. That's a painful one for me going into retirement. Come on BoD, the silence is a deafening as the incompetence is loud.

I am sure they are working very hard to get the shovel ready copper oxide into production with the PEPR we have had for over 18 months, using the income from Cobre. Looking forward to the increase in communication flow. Should be an interesting couple of months to see the year out.

Makes you wonder if LCCM was ever progressable, or just a can to kick down the road.

16 months not weeks.

Also 16 weeks since the revised Oxide PEPR was approved. What have we done with that? Where is the Oxide production? We were "shovel ready".

When JP became executive director back at 21 Jan 2015. There were 724m shares in issue, the share price was 0.41p, we had $900k in the bank. Thanks to his leadership we now have.... and in this time how much has he taken in salary and bonuses to reflect his success? JP should not take all the credit, as AB became Chairman in that very same year.

'Hello darkness my old friend'....

We sell someone else's product. https://www.strategicminerals.net/projects/cobre-magnetite-stockpile.html

I agree it should be a plus point. However IMO opinion there have been mismanagement with no penalties. No one is held to account for failed business decisions and no one admits culpability. No one even so much as apologises for losing in some individual share holders cases (including mine) tens of thousands of pounds based on questionable or inexperienced decisions. The Market saw straight through this and we were misled. All we get for being rightly angry is public abuse from a Director and the rest of the Board take no action.

We do not produce anything.

DVH At least we can't imagine a scenario where the accrued amount reaches the Market value of the Company and they then fold, taking their owed salary and leaving us with nothing. Certainly can't imagine that at all.

I wish you hadn't mentioned the website Prop. I just checked the SML website and BG is still Exploration Manager even though he left 17 months ago and JB is still Senior Geologist and he left 22 months ago. At least Cornwall Res has updated their site.

Half yearly result due and in the past 12 months we have had 18 RNS's. 6 Mandatory Results and Statements, 10 Price monitoring extentions, 1 Leigh Creek PEPR lodgement (9 months ago) and 1 (one) informational projects update. In 12 months one projects update. In this time we have devalued 33%.

No Confidence.

We've been told a lot of things Sammy. The SP is speaking the loudest.

Predictions:

Started to shift Oxide and prove production capability. Very confident of Cornwall grant due to agreement to up self funding amount. Magnetite sales up allowing funds to be channeled to LCCM for oxide production. AB buys 1 share at market price. PW tells Market that SML is undervalued and JP produces finance deal. Mustang relists and buys Redmoor once grant approved.

The council may or may not approve our grant. If they have suggested another application with with revised figures, it would point towards the need for a reduced figure from their budget and an increase one from ours. The question is how much do we need to find to cover the revised application if successful. The BoD already know, as it was part of the reapplication.

With a 12 month average of over $8500T for copper. It would suggest that LCCM is just not financially viable even with the uptick in the price of copper. We have a "financial expert" who cannot get finance even though copper is $1200T higher in value than when the "plan" was put together. The company does not appear to be doing anything other than waiting for other peoples money, having lost most of ours. What exactly have we done with the Oxide PEPR to prove production and self fund the further expansion and exploration of LCCM? No wonder SARIG is not in any hurry to issue yet another PEPR, when we don't use the one we lodged 3 years ago and have had approved for oxide for the last 14 months.

Communication costs nothing and yet it seems we cannot even afford that.

I guess as soon as the Chairman shows confidence and buys some shares, the Market will.

Which year?

What assets? To date LCCM has been a liability. Redmoor needs finance to get a grant (where is that coming from?) and Cobre keeps the lights on until 2025.

Apart from the yearly appearance, how would we know that we even had certain directors?