Member Info for Lupidog

10 months to receive that. 10 months to not be able to sort out and cover the conditions. Perhaps there is too much focus elsewhere? I would rather have Directors whose soul focus is SML. I just voted.

Interesting that there was not the usual AIM flurry of activity prior to the RNS release. I am trying to figure out if I am disappointed or encouraged by the RNS. Are we there yet?

https://www.avbuyer.com/aircraft/private-jets/bombardier-learjet/31a/360665

I was trying find the finance company, when all I had to do was reread the RNS. I also re watched Alan's fine proactive video. I haven't seen that much positivity since 2018. Let's hope it is well founded this time. Anyhoo, PEPR this week and Lear jets all round by Friday.

My Bad it is this one https://www.aetas-global.com/

https://seekingalpha.com/instablog/1047207-d-daxton-white/5578499-aegis-capital-corp-review-lawsuits-regulatory-issues-and-broker-misconduct

Someone break the rules? Everyone knows we don't buy or sell on a "wouldn't want to be out of this over the weekend" Friday.

DVH. I understand that delays happen and timings slip. However as soon as I heard "two weeks", the cynic in me thought of the AGM and resolution number 2. I will vote accordingly based on the "two weeks". The optimist in me still hopes for the PEPR and finance sooner rather than later.

Watch the Video released one week ago today.
https://www.proactiveinvestors.co.uk/companies/news/953844/strategic-minerals-focused-on-restarting-production-at-leigh-creek-after-year-of-consolidation-953844.html

Then read the resolutions for the AGM. We have time to wait and then vote accordingly.

"reliably advised by the department that we'll have that cleared in the next two weeks".

Which leaves plenty of time to wait and see and still be able to return a postal votes in time for the AGM.

Last week Alan Broome said in reference to the PEPR "reliably advised by the department that we'll have that cleared in the next two weeks".

You have to bear in mind with reference to Leigh Creek he also historically said: ''The work that we've done ... it's given us a great deal of confidence that what we've got there is a very, very exciting copper project'' and ''I think 2019 is going to be certainly the most exciting period in this company's history''.

No point in dwelling on the past. Keep the past as a reference and focus on the present and future. As a speculation, if the PEPR is cleared in the next two weeks, we should (my opinion) see a significant re-rate as we are continually assured that we are undervalued by the Market. If it is not, we just keep plodding on until it is resolved. There hasn't been any significant shift in the SP either way for 18 months so I doubt there will suddenly be a dramatic fall, based on that evidence. If the loan comes through then that should (my opinion again) also light the rocket. As a loan against LCCM actually valuates the asset.

Interesting times.

I have it around:

100t produced copper pcm = $940000
200t produced copper PCM = $1800000
300t produced copper pcm = $2820000

def: to be told something by someone who is likely to be telling the truth

"reliably informed" is a grade higher than confident.

Hi sdoglyons

Cobre on its Q1 sales will do 3,084 over the year - assume same overhead as last year that’s operating profit of 583USD *7 for a value of the enterprise is 4m USD - £3m.
A. SMG has the right to sell the processed Magnetite on a 12 month rolling lease from Cobre Mine, owned by Freeport-McMoRan.

They have a claim of 21m USD of which there are 8m liquid assets from the other party - none of its booked in the accounts but lets assume 20% recovery that's 1m USD in cash £700K
A. They won the arbitration re: RNS Number : 4505O Strategic Minerals PLC 01 June 2020. It is unlikely that we will see any of the award. We may at some time in the future, but no value can be attributed to this.

They are listing a business for 10m AUD (looks like they wanted to do it with debt initially which means they assumed the cashflow could support the debt) 10m AUD is about £5.5m.
A. There is no listing as of yet. LCCM is trying to raise $10mAUD to fund production at Paltridge North and for deep exploration for Copper Sulphide. This figure does not have any bearing on any future listing valuation. Exploration may increase the value dramatically or it may not.

Cornwall resources they own 50% - that limited companies value is £3m on its net assets so 50% of that
A. CRL and Redmoor mine is 100% fully owned by SML. RNS Number : 1610P Strategic Minerals PLC 08 October 2019. “In March 2019, the Company entered into arrangements to acquire the balance of the Redmoor Tin-Tungsten project in Cornwall. This was completed on 24 July 2019”.

Adding it all up is £3m cobre + £700K claim+ £5.5m Leigh creek +1m cornwall resources = £10m
The above back of the fag packet maths basically treats future cashflows from leigh creek and cornwall at zero.

So question is why the discount ?
A. A very good question indeed. This may be about to change very shortly. Todays Video by the Chairman was really rather interesting and gave a very short timeframe for a game changing PEPR decision. This should lead to production of Copper cement in H2.
RNS Number : 2908U Strategic Minerals PLC 22 November 2019 “Full scale production to commence with lower risk Paltridge North deposit”, “Identification of the need to increase capacity at Mountain of Light plant to 300 tonnes per month”.

"reliable advised by the department that we'll have that cleared in the next two weeks"

Thank you for posting the video Trojan. Interesting and welcome, finally.

Listen very carefully at 03:05, rewind and listen again. 2 weeks.

He also mentioned the $0.45m profit as per the RNS. It's interesting that you can raise $2.256m by dilution and then show a profit of $0.45m. If we raise $5m next year, we could well show a profit of $1m.

Must be up for re-election.