Member Info for Lupidog

As we move into the second half of Q2, I hope that those who stuck with this get the rewards they deserve. The future is bright the future is coppery.

We are still waiting to see the program of events/presentations/tours that our BoD have lined up to take advantage of this once in a business life opportunity.

It's weird as he must have taken over the same account as I still have the new guy banned.

This is actually the latest published report, but the recommendation is that same.

http://broadreachreceiver.com/uploads/1/3/2/9/132950887/2021-04-30_filed_third_quarterly_status_report.pdf

There you go DVH.

IX. RECEIVER’S RECOMMENDATIONS FOR CONTINUATION OR DISCONTINUATION OF THE RECEIVERSHIP The Receiver recommends the continuation of the Receivership at this time. The Receiver anticipates bringing in significant additional funds in the near-term, through the sale of additional stock holdings and other Receivership Assets. Once the Receiver has secured these additional funds, and has had an opportunity to complete his review of the extensive data and documents available—primarily from the server equipment, the Receiver will be in a better position to evaluate and make recommendations regarding the pursuit of additional funds through litigation and/or the winding up of the Receivership. At this time, given the ongoing nature of the Receiver’s investigation, the Receiver does not have a projected date by which he expects the Receivership to close.

http://broadreachreceiver.com/uploads/1/3/2/9/132950887/2021-01-29_doc_48_status_report_of_receiver_for_second_quartery_kdk.pdf

I don't think a date was set at the last report. The conclusion was that they wanted to continue searching.

"It is the Board's view that this is likely to be the final submission required for approval and that this is likely to occur in the second quarter of 2021."

"Subject to receipt of the PEPR approval and funding, the Company expects to commence mobilisation and mining in the third quarter of 2021 with revenue commencing in the last quarter of 2021."

They certainly want shares today.

not quite as I had drawn it .... sigh!

I don't really understand charts, but I drew this:

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SML

I am slicing at 1.5p as this is the low end of my expected mcap on PEPR and funding. The rest can stay for the Redmoor journey.

Also DVH. Try and sell 5m or more if you wish they will snap your hand off. I just tried a dummy sell on my ISA holding and they will take the lot. Always a good sign on a Friday.

I played the safe game at BZT. Too many outstanding warrants and my tendency to be skeptical when hype increases the SP and warrants are exercised into the rise. There may be something there in the future, but I am happier out of it and all in here.

I hope not. I see 200% here on the approval of the PEPR and funding. We have a lot of catching up to do.

Aye DVH, it's been a long time coming. This isn't a punt, it is a time team excavation with plenty of evidence uncovered. It is all there in the public domain if people wish to find it and piece it together. Never seen such a strong indicator that has failed to garner a market reaction.

Speculators may well start taking positions as we reach mid Q2.

There is a significant upside many multiples of the current SP on paper if:

"It is the Board's view that this is likely to be the final submission required for approval and that this is likely to occur in the second quarter of 2021."

"Subject to receipt of the PEPR approval and funding, the Company expects to commence mobilisation and mining in the third quarter of 2021 with revenue commencing in the last quarter of 2021."

Hi zapsnap. Just to clear something up, we are not producing, even thought the SML website would have you believing differently. We are selling Magnetite from the Cobre stockpile in New Mexico which we have access to via a rolling annual lease. We are waiting on a PEPR (program for environment protection and rehabilitation) to our Leigh Creek licence in South Australia so that we can start producing. All documentation is with SA Mining and Energy, so that is a waiting game. Also we have a small slice of Cornwall with the Redmoor Project under Cornwall Rescources, which you can read about here https://www.cornwallresources.com/the-redmoor-project. A very significant upside on the approval of the PEPR IMO.

I think we all know what I am expecting by now.

I suppose it comes down to sentiment and proof. It is up to the BoD to both prove rather than just state that we are significantly undervalued and it is also up to the BoD to create the right conditions for positive sentiment. The Market has set the value and there appears to be little positive sentiment to reflect what we see and hear.
I would buy more if I had funds available, but am happy that my current holding will give a big return sooner rather than later.

What would the market value of a company be that had a cash income of $160m over 9 years from one project with an NPV of $70m and an annual cash income of $3m from another project? Excluding all other assets and holdings?

Does anyone have any calculations or even company comparisons?