Member Info for Lupidog

They have painted themselves into a corner. We need money and the sp is so low that we are staring down the barrel of massive dilution to raise any useful amount. We need the truth about LCCM, not the spin. They appear to have bought a pup. The due diligence was obviously flawed. Sell it and Redmoor and restart with a project that could actually bring in money or go back to exploration and speculation at a new site. The simple outside observation is that LCCM will never return the money we have already invested and will have to invest to achieve commercial viability. We have either been lied to, misled or just suffered the fate of total management incompetence. Redmoor was always a deal that should have raised flags when a person can sell an asset to himself, between his own companies. On the one hand saying it is not worth keeping and on the other saying it is worth buying. I am amazed that this was not highlighted further.
If there is value in LCCM then sell it and if there is not, then mothball it. We cannot afford to do anything else with it IMO. A face to face AGM/EGM needs some robust questions. I may not have been scammed, but I certainly feel like I have.

The SP is the same as when he took over. He has achieved nothing and been paid handsomely for it with our money.

and yet we have income from Cobre and a PEPR to produce Oxide. Shovel ready I heard.

So now we are valued at just under the Cobre return contract value. No confidence.

Too much BS no information. SSDD. So only the "major shareholders" count. Those who possibly spent tens of thousand at 10x the sp getting vastly smaller holdings and those losing tens and hundreds of thousands of pounds due to collapse don't count because they are not "major share holders".
Enough. It is time for a company audit. We need to expose the reality to all shareholders and culpability must be taken.

We first have to establish if LCCM is actually commercially viable. History raies that question. We need the truth about LCCM, not the spin.

That looks like the Oxide PEPR to me. The one we are not using for some reason.

Hard to cause more damage when the only value in the mcap is Cobre. Incompetence or design? Either way it needs holding to account.

Just 4m left for me. Sorry about the delay in responding. Old age is playing up this week.

For optimisms sake, let us hypothesize that we get the PEPR approval some time this year. We all know that a PEPR is pointless without funding, as if it weren't we would already be producing Oxide with the PEPR that took 18 months to get. Do we then get the CLN option which will hit us for circa 50% dilution and the chance to drag ourselves back to our current SP on production? Can we then start production or will the next "can" require kicking down the road for 3 years. This has been allowed by us to go on for far too long.

TUN is shining example of why we do not want a CLN.

yey

Was it a pursuit of compensation or a push to stop receivers claiming against us? It should be enough that we can just walk away.

As Q1 closes, let us recap the communications that shareholders have received from the BoD this quarter. 1x Q4 compulsory update. Nothing else at all. They must be so busy that they don't have time to communicate with shareholders. Perhaps their other businesses are keeping them busy.

I couldn't find them, which is why my inquiry. I noticed the decline in SP and the thought "do we still actually have them"?

I noticed they have halved in value since we took them. But do we still actually have them?

Whatever happened to the shares (that have halved in value) we took for CARE?

Do you mean the "shovel ready" mine, with permission to produce from the oxide, which currently is not? The Mine that should already be running and producing as we waited 18 months for the permission we are now not utilising?

Your premise is made on this being a functioning company and not a standard Aim lifestyle company.

Did you really expect anything different, when we have the same BoD?