Member Info for Lupidog

We should be able to self fund, to get to an indicated resource. If it matches the inferred resource or better, then we should just sell or be brought out. I am guessing Mr Manners wants his money back +some. Neither of us look like we have the many years left that it would take to bring this to a functioning commercial mine. I certainly don’t.

We don't need to succeed as a miner. We just need to put 100% effort into gaining an Indicated Mineral Resource or better still a Measured Mineral Resource. Then we accept the £50m or £100m (type of resource classification dependant) TO and all go home with 2.5p or 5p a share within 12 to 18 months. Let the big boys come in and mine the critical minerals.

China is going to slap an export control on Tungsten. China supplies around 75% of the worlds tungsten. Could make Redmoor quite attractive to the right miner.

Unless he is here to navigate LCCM onto ASX, I am not sure what he is bringing to the party. RGO does not instill confidence.

We need to fund Redmoor with the Cobre profit. Buyback and dividends can wait. Firm up Redmoor to an Indicated Rescource, rather than an Inferred Rescource. That opens a broader path for investment, JV or Buyout with a much more favorable outcome for us. There is no way currently we could go Redmoor alone. I would be happy to see an Inferred Rescource and watch the .00's turn to 00's. It would be interesting to know if the new Directors are looking to grow above and beyond, or simply trying to reach a level to recoup past losses.

If JP sells his shares, surely this would indicate to the Market that we lack potential. A better outcome for shareholders would be that he holds his shares. This would benefit both himself and us in the long term.

Very good and welcome news. No mention of LCCM, although the website still shows we have employess and therefore costs.

2012/2013. The "todays" date at the top is just that but this is from 2012.

Is that dated? There is an old FT from a few years ago doing the rounds. This sounds like that one.

I bought another million before Xmas. Didn't like to say anything. That way I can't hate myself.

The extension itself without the additional revenue should solidly underpin the mcap. The extra revenue could take us to over $5m pa. There appears to be no value attributed to Redmoor (We know LCCM is not on the books) which obvious requires a positive market adjustment.

An aim company with no debts and $5m+ pa income and project/s. About time PW wheeled out how undervalued we are and it actually be true this time.

Excellent news and up we go.

If we can get the mcap closer to my current valuation circa £20m, we should see Market sentiment take over. There is certainly room for a significant upgrade to the current valuation. What we want to see is LCCM taken to ASX and let that market decide. JV or sale would both be ok. What would not be ok is for the increasing SP to be used for a raise to fund the project. I hope that our new Chairman will continue down the route of creating value for shareholders and letting the Market see his desire to restore and grow his own significant investment. He has my vote.

For next year. A pleasant change. Debt free and income. GLA

Probably written by Twis, Sweaty...

"The current share price all but rules out funding these projects through the issue of new equity"

So a higher SP would rule in funding through the issue of new equity? Also there is an "all but" in there. So it is also not off the table at this SP.

Nice that he cleared up the deal and is only taking 50% of salary. It is also good that this appears to be a realistic overview of the state of the company. Nearly $1m 6 month profit and we sit at £4m mcap, without noticing the other asset and LCCM.

Half year results should be soon. They may have content based on reality.

No prediction. We have good income from Cobre if it is used wisely and not squandered on rock star wages and negative performance bonuses. Tungsten should increase in price and make redmoor a lot more attractive if Russia and China carry on placing mineral export restrictions. That would have to be attractive to sell or JV as we do not have the funding to go it alone. LCCM is a bastard ginger haired child. The bond for the PEPR is unaffordable to us and we have yet to prove commercially economical viability. I would sit on the fence, but I have never liked the project or the financial drain it placed on us. I would rather mothball or sell. We have the income to abandom LCCM and look at alternative investments. It is the gift that keeps on taking for the past 6 years. I am waiting for the new Chairman to give us a realistic update on the state of the company.

It is not producing. We do not know the current plan and I am hoping that our new Chairman can update us on LCCM once he has been unable to use his position to find out the truth of the matter. That way many can reset their relationship with the company and make investment decisions based on reality.