Member Info for Lupidog

Agree. It would take a lot of effort for it to get any worse

Again. They were simply my thoughts and not aimed at anyone.

My post wasnt aimed at you Redmoor. You seem to have taken it personally. My thoughts were simply that, my thoughts. We have a new chairman and I am willing to let them get their feet under the table. They did not put us where we are and were not responsible for for the past performance. If anything, they should represent us, albeit with more skin in the game.

To stop knocking the company. We should be at rock bottom, if not even slightly undervalued based on Cobre income alone. AB has gone. We should be waiting for an update on the real state of the company from the new Chairman. Then based on that perhaps we can make decisions based on reality for a change.

Hopefully we will get a realistic update of what we actually do have. The £4m mcap is at odds with the information fed to us over the past few years.

"What do Manners and Phillips bring to the company"? Clearly needed oversight.

Happy to wait a while. Let them get their feet under the table and have a good look at the company from the inside. Hopefully we will get some honest feedback and a plan for the way forward.

More to positive about here, than for a very long time IMO. I was on the cusp of selling, but will now give the people with "skin in the game" a chance to get us back on the right course.

Best news for years.

Do we have any Stibnite. This was found in cornish mines and is about to become very sought after.

Paying back the "alledgedly disputed" deferred salaries. We really need some clarification on this issue. If it is in writiing, can we please see it. This is a financial issue and therefore IMO should be visible to shareholders.

Maybe the new Chair could show the Market that he has some confidence in SML. His old buddy didn’t.

The grades have to be commercially econimically viable as well as environmentally tolerable for the region/country. Cost of extraction and public tolerance vary widely depending on open cast or underground. As explained very basically in the link below, I do not think that the current drill results change anything and the Market appears to agree.

https://www.mining.com/web/making-the-grade-understanding-exploration-results/#:~:text=COPPER%3A%20Anything%20over%20100%20metres,from%20180%20to%20300%20metres.

The below from Shangrlar's AGM update needs sorting out and shareholders need to be notified as it is a matter which will have a financial impact IMO.

Shareholders should know the evidence of "black and white" and be able to understand the position which should be taken by the BoD. We need to know the implications, as they could be financially significance. Will there be pending legal action? Is trust being broken? Have there been misleading or non-factual statements or has a written bond/contract been broken? These things all have an impact. We are just getting to a financially positive position, due to the Cobre uptake. The last thing we need is for that to be focused elsewhere other than Redmoor and LCCM.

"Discussion on accrued moneys from 2023 . One shareholder had an agreement in black and white with the BOD that if certain criteria were not met by the end of 2023 that the 50% of salaries not taken would be forfeit . Recent RNS stated it would be taken “even though none of the criteria were met “ . BOD believe there are mitigating circumstances around how they made sacrifices to manage cash flow that make the agreement unfair. This was not resolved at the meeting."

Strange that a financial expert didn't understand the needs of a small project. Especially one that is paid so well.

The share performance of Boadicea Resources Ltd and NAE speak for themselves during his tenure. That JP forgot to mention the connection between Mr Reynolds and NAE, I am sure is merely an oversight.

Business Development Manager

New Age ExplorationNew Age Exploration

Jun 2012 - Mar 2015

Positive news should create positive sentiment. Let’s move forwards please. The market should recognise that we have renewed potential with the income from Cobre. Time for the speculators to return.

They now have income to further LCCM, resulting from Q2 sales income at Cobre. Instead of using this to pay at least 1/4 of the bond requirement and move towards extra income from production. Instead of using this to make LCCM more attractive to sell or JV. Instead of funding work at Redmoor. All from one quarters increased income, they choose to think about reimbursing themselves the defferred outrageous salaries. They just cannot get their snouts out of the trough.

As per RNS Number : 6761Q Strategic Minerals PLC 29 June 2022

"As part of the negotiations with DEM in relation to the original conditional PEPR issued in July 2021, LCCM were able to reduce the rehabilitation bond by approximately AUD 800,000 from AUD 3,700,000 to AUD 2,890,000 reflecting reasoned proposals from the Company's mine manager John Speck. As LCCM currently has a AUD 200,000 deposit with DEM, this represents a net funding requirement of AUD 2,690,000."

Ping

You can always go here https://www.strategicminerals.net/investors/reports-and-circulars.html

and download the Proxy Voting Form. There is still time to post it.