Member Info for Lupidog

How long before the placing?

Don't need "news coming". The PEPR made LCCM and asset. If not for us, then for someone with the money to produce. LCCM now has some monetary value which has not been passed onto the mcap. It may take a while but the mcap will catch up. Even if I cannot show any confidence in the BoD. I still change LCCM from a liability, to asset status. We have relatively easily accessible oxide and permissions to take it. DEM would not have approved the PEPR without highlighting any discrepancies in the application (One hell of a document and worth the read). Therefore we can have reasonable trust that the Oxide is there as described.

Well £6m mcap and AB is throwing billion mcap figures around. Sounds like yet another Tusnami moment. Copper at it's lowest for 15 months "but that is ok". Yada yada. More of the same and all "ifs and maybes". The marker and the real state of the company is the mcap. The responsibility for the state of the company lies with the BoD. They are still throwing dreams and rainbows while ignoring company performance and failing to acknowledge any culpability. Someone else please just buy us out as we are trying to fund more than our current value.

I would guess they are an attempt to encourage the Market by showing confidence. £6m mcap is no place to be when you are trying to raise £8m.

a lot higher than this (0.4 - 0.5) for a very long time waiting for this before the recent past six months decline. The decline over the past 6 months was understandable as the sentiment collapsed due to a failure to communicate correctly with the shareholders and the market as a whole. It is not unreasonable to expect a daily increase to bring us back to a more asset based value of around 0.7p. Prior to any finance agreement and production income. This requires more than just matching the mcap with the now added asset value of LCCM. It requires good and constant communication and leadership, not just management. The BoD dragged us down here, it is up to them to capitalise on the news flow and focus on not only getting us to production, but showing they are capable of communicating and leading. Sitting at this mcap with the PEPR will still make for a negative AGM and many uncomfortable questions. It is in the hands of the the BoD to return to positive sentiment and restore the mcap to match the new asset value and add the potential value that production will bring. We are around 50% away from where we should be due to the negative sentiment. We are sitting with a big target on our backs and for us that is a good thing. For the Directors who still refuse to show any confidence through share purchase, it is a bad thing.

funding options thrown into the mix as well. Should be an interesting few weeks ahead. Let's see the proactive....

I would only go 0.6 to 0.7 with the PEPR Slurm. Around £15m to £16m mcap. Cobre was holding the fort with £6m. LCCM may be worth £10m as a asset now, but funding is needed to realise the income. If we get funding then certainly 1.2p would be a tad on the low side, given the "easy access" oxide. It also depends if the BoD are up to speed and ready to react instantly to today indication on the SARIG website. They certainly have had the time to be so.

Yes mate. You can gain or lose thousands by having or not having it.

36% Bubble.

with funding, aye. But with funding is a big WITH. LCCM was up until now a liability. It has once again become an asset which has a stand alone financial value. Do we get to move it forward or does someone else take advantage of our current mcap?

if the BoD can redeem themselves before the AGM.

And you miss many boats by not having live trading Bubble. 27.27% for a while.

I still wont call any higher than £30m mcap with funding now the PEPR is sorted. But at least we should see over 1p again before to long and probably a small spike above before settling back to around 1.3p ish. The PEPR by itself is the technical, funding and the terms thereof are critical. But the funding should come now that we have permission to go. the PEPR by itself should make LCCM an asset again. That should add £10m to the £6m provided by Cobre. Interesting times.

It is one hell of a document and I agree it is MPEPR2022/135. Interesting read and may explain some of the time frame and work involved. There is nowhere on the document that states approved as far as I can see. However you cannot dismiss what is showing on the SARIG website and that certainly says approved. So thank you again for finding this:
Title: Mountain of Light - Leigh Creek Copper Mine - ML 5467 - Approved PEPR 2022 - MPEPR2022/135.
Tenement: ML05467
Operator: Leigh Creek Copper Mine Pty Ltd.
Category: Company mining program
Source: Government of South Australia. Department for Energy and Mining. Mining Proposal, 4735539
Reference: MP 4735539
Catalogue No: 2043205
Date Added: 2022-06-29
Last Changed: 2022-06-29

Thank you. I will keep trying but all i get so far is a long wait the "document failed to dl".

Did you download and read the document? I am trying but its taking forever.

Or even Premonition :P

https://www.dailymail.co.uk/news/article-10960961/Moment-screaming-protesters-barge-UK-Oil-Gas-AGM.html

Imagine having to raise at 0.2p. Better wait until after the AGM.

According to our mcap, we do not have any assets. The mcap is the Cobre extension alone. Do we get PW wheeled out just before the AGM to tell us (yet again) just how undervalued we are? Will AB do a proactive to apologise for shepherding us into the financial position we find ourselves in. Will JP our financial expert apologise for failing to raise finance? Will we have to wait very long for the next placing after the AGM? Stayed tuned for the same old, same old.