Member Info for Lupidog

The same captains are sailing the mistake fleet. Not even one single acknowledgement that any one of them may have made the slightest error of judgment. If they cannot put their hands up, then I don't think they ever will. After all they are the best in the business as long as the business is a lifestyle AIM company.

Just reading through some old 2016 RNS's for HC. You could almost release them now with the name changed to LCCM. I wonder what the name will be changed to in 2024? The rhetoric doesn't change.

"The Company is currently organising an independent third party, familiar with this operation, to provide the update on the likely capital cost of developing Lynda/Lorna Doone."

That is going to cost and I thought we already had the best in the business?

“Additionally, the Company has taken the opportunity to, in light of its operating experience, fine tune some of the key assumption variables of the feasibility study, which are focused on further enhanced expected profitability.”

Why wasn’t this done well before purchase?

“ LCCM is also assessing the use of a mini Solvent Extraction Electronic Winning (SX-EW) plant process at site which has the potential to produce LME grade copper cathode for direct to market sale.”

Buy more equipment because the other equipment doesn’t do what we said it would.

“The Company continues to move the Leigh Creek Copper Mine forward with an expectation of operations commencing early 2021, subject to finance.”

SUBJECT TO FINANCE. We were told by the best in the business that we would be producing copper cement. Now you want more money from us with another line.

“This is likely to lead to significant cash flows during 2021.”

Really? More significant then what we have already spent on the whole project?

We have been here before. This year, last year, the year before and the year before. More wait, more rise finance, more bonuses and more lifestyle.

"Looking good for a 16 bagger here now. I’m happy to wait 10 months for the next options drawdown / target price of 7.5p by 30 June 2021."
We are not even on the same planet as to when those options were set up. Options are meant to be the rewards for accomplishment. Instead our BoD reward themselves with bonuses which are in no way linked to performance as the option route has failed due to their own performance.

Thank you Gorsuch, I knew the UK drilling as it was published. My interest is in the Australian sites drilling as AB is Chairman of DDH1 drilling. I was working out directors remuneration against share purchases to see how much of our money they are awarding themselves versus their share purchases. If DDH1 were to have been involved the this may raise a few more questions.

Which is why I wanted to find out who did all of our drilling at HC and LC. If any of it was DDH1 drilling then I need to revise a Directors remuneration for my calculations.

There should be a disclaimer when anyone says "the BoD are heavily invested". Please see the total remuneration packages for each Director over the past (lets say) 3 years and calculate that against the total cost to them of their share holdings. You may be surprised.

is any of the (informal and not aimed at anyone) petty bickering of any use to this forum? We should be investigating the prospects and informing each other of the things many are unaware of. Pointing out the good and bad, promoting the facts and decrying the falsehoods. Information is key, disinformation is personal agenda.

Keep talking SW, you come across eloquently and informatively. We could use a lot more helpful posts and fewer divisive ones.

While we wait for something to happen. Does anyone know who did the drilling at both HC and LC? I had a scan through a few RNS's but didn't any companies named. It will take a while to go through them all.

Very deep pockets giving the cost of any Feasibility Study if the PFS shows we should move forward. I am still of a mind that we may end up selling rather than pushing to production. Would a global miner want SML tagging along?

NP. I'll have a dig around over the next few days to try and find other projects/companies they were or are involved with. We could certainly do with a good team on our side.

Found out? Why are you trolling me? I asked LSE to investigate and they did, removing all posts with false allegations. Please stop trolling me.

moderators for investigating the accusations of multiple accounts and removing the posts with false allegations.

It appears the rampers do not like it when you post facts, question reasoning and make genuine attempts to research. They just post to mislead.

Thank you. I'll leave you and your board to enjoy the day.

Morning guys. Any long term holders going back to Sept 18th 2017 when MTR appinted NRG to provide strategic and financial advice in connection with the Company’s strategic options relating to its 30% holding in the Botswanan joint venture (the “Joint Venture”) with MOD Resources. SM L have just appointed the very same NRG but I am struggling to find much information on any of the projects or their performance? Does anyone who was here during that period have any comments positive or negative regarding NRG? Your help is much appreciated.

Someone with a better head for math that me should take a look. I calculated how much financial reward the directors have received from SML since 2016 and how much they have "spent" on SML shares. Some don't come out smelling of roses, while we "the shareholders" look like mushrooms.

Weird how things come around. Back in 2016 we started to buy shares in Redmoor from NAE. The Chairman for NAE is AB. We eventually bought 50% of Redmoor from NAE (AB). This looked like some sort of JV. Finally we buy the last 50% of Redmoor from NAE (AB) so now SML owns 100% of Redmoor and AB is one of our Directors. Nice work if you can get it. I think I will sell myself my own house (if the other shareholder agree).

It's nice to see some focus where the money is.