Member Info for Lupidog

That depends if The Dept for State Development and the Aboriginal Affairs and Reconciliation Division come under that statutory time frame. I would suspect that Aboriginal Affairs either comes under "external agencies" and / or is not bound by any statutory time frame. Either way it looks as it is was only started by DSD / Aboriginal Affairs on the 25th March.

https://www.youtube.com/watch?v=P-JVnlB7Onk

Not really. Probably just means that DEM have done their bit and it is now over to the cultural dept for their feedback.

SARIG
Application status
File reference :
2021/00081
Applicants :
Leigh Creek Copper Mine Pty Ltd
Assessment
Details - Assessment: DSD & External Agencies
Aboriginal Affairs and Reconciliation Division
Start: 25/03/2022
End:

We have just been notified of approx $12.5m USD revenue over 5 years (based on approx average of last 3 years), which equates to around £9.5m. Currently sitting with an mcap circa £7m including all assets. Come on Market, do try to keep up.

no rush to buy on this excellent news. How fickle a Market that ignores 5 years of £m income.

If you look back over the years of application. It always seems to be the cultural dept, that we wait on. That is certainly what you glean from SARIG.

The government may want mining and be actively encouraging it. But is it the government calling the shots or is it the indigenous local population with cultural concerns?

5 years Croutom.

That it has gone to the wire rather than the BoDs confidence it will be earlier, is worrying.

It was submitted on 5th January.

"The Company has worked closely with the DEM and feels confident that its review of the submitted PEPR revision will be assessed in less than the maximum statuary requirement of three months."

Let us hope it is assessed and approved, rather than assessed as needing further information.

I have to agree Bubble. Securing 5 years access and income, makes Cobre a much better asset and allows for companies who did want a longer guarantee of supply to be approached. I sincerely hope that the BoD can apply caution and not spend the projected income before we have even received it. We do not need any more schemes or projects. We do not need more exploration. All we need is to get one project running to produce working capital and the rest will fall into place. Cobre is income and the people at Cobre do an excellent job. But the income is being squandered on the BoD lifestyle and terrible business decisions, rather than leaving enough for substantial working capital for any other project.

I hope that this was a condition of or precursor to achieving finance that is not a CLN.

Finally some good news. Well done.

Try as I might, I could find no inference to SML or any of our experts.

(Monday) left in the statutory assessment time frame. Did yesterdays trading hint at a leak? Would we even get an RNS for an assessment? It is a decision we actually need, as an assessment could just roll the can further down the road. Are we due an RNS? 5 Months since last placement, so funds must be running low again. Production planned and funded for 2019. Lest we forget: RNS Number : 0937S Strategic Minerals PLC 07 March 2019

That would certainly be an easy way out for them. Better they stay until the next face to face AGM.

4. Equity Fundraising by way of placement:
Because we suck the company dry in over inflated wages.

But whatever is happening, it makes a pleasant change. GLA.

It will move, but which way. The PEPR will certainly give a rise in sp. As for finance; If it is not forthcoming, the the rise on PEPR will soon subside. A JV partner for LCCM would reduce the risk and reduce the income but increase the chance of production and profit, raising the mcap significantly. A $10m loan would show the lenders confidence and therefore give market confidence and increase the mcap, probably by not as much as a JV. A Convertible Loan Note would probably cause an initial small rise and then dilution as the CLN was converted would leave most here worse off.