Member Info for Lupidog

Only 6 working days to go and the BoD are confident it will come before the statutory deadline.

It only takes the PEPR and sentiment changes. It only takes a CLN to reverse the change. Outlook could be good and sentiment could be positive. It is up to our "experts" to change their spots.

Is that the delay for production from 3 years ago?

We will be on "the dog ate my homework" excuse soon.

or SML sentiment.
https://www.youtube.com/watch?v=Vqbk9cDX0l0

LCCM = Hanns Camp 2. Lots of spin and zero substance.

Unfortunately croutom the WSJ does not thoroughly investigate each company and give their assessment of the value of each asset. This is simply based on the macp and SML's own financial statements at the time and adds trends. At the time our mcap was circa £10m. So it does not mean we are £5m undervalued. We are valued exactly where the Market values us and there does not seem to be any great influx of new pi or constitutional investors to say any differently.

They are taking this "within" right to the wire of " maximum statutory". It also says "assessment" and not "decision". 14 working days for the statutory assessment. I have a lack of confidence in every RNS that announces the BoD's confidence. If you have "confidence" Mr Broome. Buy some "undervalued" (or are they) shares. You lack of share purchases shows everything but confidence.

5 January 2022
Strategic Minerals plc
Leigh Creek Copper Mine
Revised PEPR Submitted

"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."

One might ask what is incompetent about receiving an excellent wage plus bonuses for running a small company/companies off the back of shareholders investments? If you only do it to one company it can't be coincidence. When you do it to two or more is that incompetence? When does incompetence become coincidence? When does coincidence become design? If you are paid to ride horses, does it matter if one wins?

Crutom. The Market has access to the same information as us. It would appear that we are the stupid ones. Have you worked out just how much LCCM has cost us to date and then factored in the effect of dilution to get to this point? We would have been millions better off never having seen LCCM and yet no one is held accountable for anything. The BoD? The "experts"? Everyone seems to be able to take the money and no one seems to be able to do the job or be held accountable for the **** poor performance. The only thing that shines is the efforts of the guys at SMG who underwrite the failing of the BoD.

Prop. That depends on just how much the finance costs us, either in T&C's, or dilution. How much will a full PEPR (if one is even obtainable) cost us later on? They have already stated their intention to both chase a CLN for much more than we actually need to start production and also to list LCCM. All I see in the future is more mismanagement, more bonuses, more ridiculously high (for the size of the company) salaries. all the while pursuing the illusive production at the cost of diluting us to oblivion. If this every does anything of value, despite the best efforts of the BoD, our share holdings will be so diluted that we will gain little if anything.

that anyone investing on the back of the information published over the past 5 years, who invested at above 0.7p, in IMO not likely to see a return on their investment with a PEPR award and financing. 5 year of hype to turn a loss. Except of course for those rewarding themselves for abject failure.

colline As Cobre is a rolling contract it can only carry limited annual asset value. LCCM is a liability, not an asset and owes us to the tune of millions. Redmoor only has value inherent with what someone is willing to pay for it and the last person to sell it was Alan Broome (NAE) and he sold it to himself in SML, as chairman of both companies. That in itself should ring alarm bells. As chairman of SML he has purchased 147319 of the shares he holds on the open market. The other 4.5m (yes he only holds 4647319 shares, which is not a vote of confidence in his own company) were realised options. I do not know his shareholding for NAE, but he is not among the published top 20 shareholders.

All roads lead to bROoME.

Croutom, the SML website would have you believe that. It is so out of date that it is just another embarrassment. We own 100% of CRL. NAE (Chairman Alan Broome) sold (himself) the last 50% to SML (Chairman Alan Broome). You may want to ask who did the Due Diligence at LCCM before the purchase and who has done the previous exploration drilling.

Direct value added is what will sift this. More spin and glassy eyed dreams will not. If we get the PEPR this will tick up. If we get finance (depending on the type and conditions) this may tick this up. If we can actually produce oxide this time for more than 1 month before fines screw up the process again, then this will re-rate IMO to roughly 1p moving to 1.5p if (and only if) and when we get a full PEPR. Best we can hope for is someone who actually is an expert buys LCCM and Redmoor from us and we can all go home with our money back. The current BoD have as much credibility as Lavrov with me.

I don't think there will be an issue keeping this down.

last week about paying 62p a ltr for kerosene to fill my heating tank, having only paid 48p last November. I just look at the price today and it is £1.28p a ltr. Come on SML do something before I have to cash in just to heat my home.

Copper high, Magnetite back to $175 and SML at 5 year low.

Have a re-read of this: RNS Number : 2908U Strategic Minerals PLC 22 November 2019 back when copper was $5.8k usd.

Fast forward to now when copper sits around $10.5k usd and we still can't get financing or production.

Let us see those figures with production based on $10k+ usd and then tell us again why we need a $10m usd CLN. We don't. Production will fund anything else we need to do at these copper prices. You used the "excuse" that to get finance we needed to go for a higher loan. I suggest that what we need just enough to restart production (if that is even possible and we are not being spun out again). Sell LCCM now it it is worth so much. That should fund your lifestyle for a while, so we don't have to.