Member Info for Lupidog

We also had less then half the current share issue.

What delays? It was only submitted just over 4 weeks ago and they only have to give an assessment within 3 months. It can take a lot longer to give approvals, once all of the issues are raised and addressed. There is no delay and they still have over 7 weeks to give their initial assessment. A delay would be if no assessment were forthcoming by the middle of April.

It was only submitted on the 5th January and the BoD "feels confident". Now where have we seen that many time before?
Also note that it is only an assessment that is statutory within 3 months, not an approval.
"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."

RNS Number : 6965Z
Strategic Minerals PLC
26 January 2022
"Discussions with potential funders continue and site inspection(s) in February are currently expected, subject to travel being possible."

Oz News 07 Feb
Australia will open its borders to all vaccinated tourists and business travelers from Feb. 21 in a further relaxation of pandemic restrictions announced Monday.

He put a lot into Mustang.

I think you did quite well today by encouraging discourse when you said "All the bad news looks priced in now." this morning Justdandy.

Any sp rises from PEPR and production will be killed off by conversions. This is not the way forward and the BoD need to rethink this, quit or be forced out.

There is no need to kill the company by getting a CLN for $10m usd. We can put exploration and drilling on hold until the fabled production comes online and then fund exploration and drilling from that. There is no need to devalue the shareholders any more than necessary. But the BoD have never been about shareholder value, otherwise we would not be where we are not.

RNS Number : 6208W Strategic Minerals PLC 23 December 2021

"Accordingly, marketing has refocused on a proposed US$10m convertible note facility at the subsidiary level."

Have you priced in the unneeded CLN for 2bn shares diluting you by a further 50%?

It is not up to the receiver to determine if our claim is valid as that has already been validated by the court. The stay is simply there to "put it on hold" until all claimants and funds have been determined. There is a legal framework for the order in which claimants are placed and "who gets what" in the UK. I don't know what the federal/state laws have as a framework in the US. No one should be pinning their hopes on getting money from our claim. The BoD should be 100% focused on getting some production out of LCCM to fund everything else. Unfortunately due to fingers in many pies we do not get 100% focus from wither AB or PW.

I know that we are not an Investor claimant, but a Trade claimant. But if you read the Investor claim "It is the Receiver’s position that Net-Winner Investors do not possess claims against the Receivership, and may themselves be subject to claims by the "Receivership.
Are we a net loser or a net winner as a trade claimant and will our claim be treated as such or will it be treated within the ruling of our court award?

Tx Prop. I suppose it would be good to know:

If we have responded " To date, the Receiver has received four (4) completed Claim Forms.3 A number of other Trade creditors who are known to the Receiver at this time have, to date, failed to submit their claim forms."

Noting that the claims Bar date is due for court consideration early Feb. There is the 60 days to get the claims in (if not already done so) and a 30 day assessment period after for the receiver. As long as we have responded or will respond within the next 60 day (from set date) we will hear in Q2 if we get anything or owe anything back.

As welcome as it was. The market once again ignores this and shows it has zero confidence in SML after years of false promises. The only thing that will move this up is a t/o offer (which if 0.5 eqv or above I will vote for), a positive PEPR outcome and Finance (other than the death spiral CLN), a JV at either LCCM or Redmoor or a large injection of cash/el from an as yet unknown source. We do not need new drill results, updated estimates. We already have good enough results to be performing way better than this. Stop wasting more money and use what we have to balance and grow the books, then expand. As such we do not need $10mus to explore. Just get the bare minimum to get production started and grow within budget until you regain market trust. Your spin has failed.

Every RNS is just "words". The reality is our Chairman says good things and fails to back up his words with investment in his own company. He also starts another company for investing and fails to invest with that company. His actions are at complete opposites to his words. He talks faith and shows none. Why should we invest in him if he will not invest in us? Why should we give him 100% backing if he has his fingers in so many other pies that he physically cannot give us the 100% that we obviously require. If I can get out at 0.45 now I will. That last RNS has shown that nothing has changed, no lessons have been learned and that there is no penalty (only reward) for failing the shareholders so abysmally.

Unfortunately Prop a multi bag here is likely to only benefit those buying in at 0.2 or less. Those holding out for so long around 0.45 could feel that 1.0 was in reach if we could get finance and permissions. I was touting 1.5p before the last dilution. The last RNS has once again moved us from production in Q1 to "Leigh Creek is expected to shift into production, and generate revenue, this year". "This year" can (as we have all seen for so long) turn into next year. "This year" can (as we have all seen for so long) require more funding through dilution just to keep the gravy train rolling. "This year" will see the same people being rewarded at the cost of our investment.

We have liabilities until they become assets. We also have what we have been told we have and invested on that basis. The actual truth or what we have has been changing with the wind for a few years now.

Yes it is bad enough dealing with the share price without having to listen to antagonists. A very peaceful board.

here this morning is that Hursty and Bitcoin are now filtered. They bring nothing to the table. You can only listen to so much Abbott and Costello.

As long as they are adequate enough to start production in Q1. Unless of course that was yet another porky.