Member Info for Lupidog

Continuing...
As communication has not been a strong point. Look over at MUST, PW and AB. These are also our Directors and there has been nothing except holdings RNS's, Price monitoring RNS's and Warrant exercise RNS's since the 5th Oct half year report. and yet in May 2020 they stated in an RNS:

"The Directors note that as disclosed in the prospectus dated 17 July 2019, if an acquisition has not been announced by the end of January 2021, the Board will recommend to Shareholders either that the Company continue to pursue an acquisition for a further 12 months or that the Company be wound up (in order to return capital to Shareholders, to the extent assets are available)."

Prop they don't need to publish an RNS. It would do SML the world of confidence if they just told us they had via any form of announcement.

Only 3 1/2 weeks to go until 31 March. I am sure we will hear very soon that we have responded:

"the Company is currently preparing a response, and expects to submit this to the South Australian government during the quarter ended 31 March."

Those that have an agenda are best served with Instagram or Twitter for a Market response. Those that are just negative continually, I filter as I don't wish my day to be dragged down with them. They bring nothing to the party except their own misery. Rampers, I try to respond with corrections based on available information. There's nothing wrong with trying to make money as long as you don't hurt others in the process. Spikes can make or break people. Gave blood today so feeling sorry for myself, need a very sweet cup of tea.

I try to remain objective Sammy, although I suffer the same emotional roller-coaster as most humans. It is difficult to be overly positive when you see the BoD refusing to publicly admit any error or mistake and then awarding themselves massive major company bonuses for said errors and mistakes. That and the pitiful delays on our overpriced Copper Project. How long ago did our industry experts say we would begin producing after doing their thorough Due Diligence and paying for a claim that was given away with a cash incentive to the previous owner? A financial expert getting us involved with a serial fraudster? A mining expert overseeing DD and failing to get to commercial production? A director selling himself his own mine project? And then to see this rewarded with massive bonuses? A financial expert not quite getting the financial RNS's correct at times? Yes, sometimes it is hard to keep the faith.
If what we are being told about our projects is the actuality, then there appears to be good potential for a substantial re rate from both the second production at LCCM and then at some point with a future updated and proven resource. I have money on this happening.
However, the mistakes, errors and delays have cost shareholder value and market sentiment dearly. The only way to reverse this is to start performing to timetables, shutting down the spin which has been shown so many times to not be the reality, stop rewarding basic business errors and start performing. The market will accept nothing less. Unless this is just a lifestyle and we are simply the Milchkühe, which is the outward appearance based on overall performance.
So, please try to forgive those who at times show their displeasure at being confused by the difference in company statements and performance reality.

My first car was Dolomite 1800 with overdrive. That's what got me started on Triumphs. The only two drawbacks were triumphs insistence on welding the panel seams and using cheap low carbon east European steel. When you had to inevitably change a sill or inner wing you had to cut it apart to find that someone else had already built it out of filler.

MrT. Did you know that the TR7 was originally the TR8 with a Rover V8 from the SD1. The shipped 2500 of them to the states and then stopped producing them due to the petrol shortage. The SD1 V8 drops straight into the TR7 and the only thing needed are 2 engine mounts and a new gearbox housing. The brakes and suspension are already rated. I converted one and what a nice rocket it was. I also put Dolomite Sprint engines into 2 others, as that was a simple straight swap. I loved Triumph, 3x Sprints, 3x TR7's, 1x 2.5pi's. When you used to be able to just take a spanner and fix things.

I heard that:
"Given the level of detail reviewed in the draft submission and the encouragement received to date by the South Australian government, the Company feels confident that an approval will be forthcoming before the year end, paving the way for full scale operations to commence in 2021, subject to finance."

But subsequently I also heard that:
" In late December 2020, the Company received official feedback from the South Australian government in relation to the PEPR application for the deposit and the Company is currently preparing a response, and expects to submit this to the South Australian government during the quarter ended 31 March. At present, and subject to the receipt of funding, the Company does not believe that any issues identified will prevent planned mining and processing occurring at Leigh Creek in 2021."

And then I heard that:
"The commencement of the project remains subject to the receipt from the South Australian Department of Energy and Mining of a Programme for Environmental Protection and Rehabilitation ("PEPR") approval for the Paltridge North deposit and funding of the AUD $3.1m project and start up working capital required."
Which in no way indicates if we have responded or will respond by the 31st March.

Still hopeful of a cira £30m mcap with 2x sources of income. But not sure if that second source will ever come to fruition.

What an unexpected and interesting holdings RNS.

https://www.youtube.com/watch?v=-rGDzbV75EI

Gigafactory. Is Quagmire from Cornwall?

Lulu's good https://www.youtube.com/watch?v=sB_gALjOLqI

Apparently JP knows what will be best for us to ensure shareholder value:

"John Peters FCPA, FFINSIA, is a CEO with over 30 years corporate finance experience at senior levels, whose expertise crosses a number of industries including natural resources." ""From his experience managing over £7bn for the Commonwealth Bank of Australia, he understands capital raisings, mergers and acquisitions and how they are perceived by professional investors."

FC6, doh! F6C.

I have a self customised FC6. I did the NC500 two years ago and the most spectacular way is definitely anti clockwise. Took 3 days to do it staying in Wick, Ullapool and Kyleakin (a short detour to take in Skye). That allows enough time for riding and also not to be in such a hurry as to miss anything and take plenty of stops to enjoy the stunning scenery.
I was lucky enough to live in Germany (Lower Saxony) and I must encourage anyone to also consider touring the Harz mountains. Also Gelmerbahn in Switzerland. Scotland is beautiful but these places are in another league.

Our regular seller is still bailing. Is that Spreadex disposing?

Trout are you getting your currencies mixed? $3.1m/aud = $2.4m/usd (it was $2.2m/usd but the exchange rate hasn't been favorable. That is now about £1.7m where is was around £1.6m before.

If we have circa $2500T added to the bottom line at LCCM. Could we not just place 300000000 shares raise the $2.2m require and go it alone? Place at .425 which is the reduction and just get on with LCCM? Would we get enough interest? Is the dilution through placement on par with the loss to a JV? Would we gain more in a JV or lose more? Are we capable of going it alone after what the past couple of years have shown? I could take the hit to .425 if it means a bigger win in the shorter term due to production. One final dilution to finally get a second income stream and create the mythical shareholder value?

I wont ask you where thelearner. But I am also up on the NE coast, beautiful but exposed. The weather has been nice the past few days and I think that 28th of Feb was the earliest I have ever cut the grass. Poor old trees have no idea whats happening and if we get a hard frost it is going to hurt them. 2 years ago today, it was a blizzard that piled snow for 2 weeks. 2 year on and I am out gardening in a tee shirt.

"But we’ve had the news now to prove all the doubters wrong" ?

We have not had the one piece of news we need to move forward, the PEPR. Instead of "the Company feels confident that an approval will be forthcoming before the year end (2020)". We now have another possible/maybe "“I do believe we will probably get our PEPR out before the first half of this year”.

The Cobre rollover for another year is always good news and will hopefully bring another$3m+ into the company (Which is enough to go it alone at LCCM btw).

The Market needs to see the PEPR and actual production. The PEPR and JV partner should still bring IMO an mcap of around £30m and production may well bring more.

I would say the news does not prove anything except we are now getting communication which is good. The Market needs to see action not words and does not agree with your assessment as shown by the decline yet again in SP on an RNS.