Member Info for Lupidog

March VWAP1.7464 would be 45.39m shares at todays exchange rate.

Fag packet calculation but based on visibility. Please discuss and reason to see if for AIM we are over/under/fair market value. Add any glaring omissions, raise any questions. This is our company and we need to understand why we are where we are to be able to see where we may be going. Breakdown �3707660 in Assets �8000000 projected revenue Current valuations: Assets CARE �1045000 (based on buying out Rarus 50% for �522500) Redmoor �1050350 (50% holding, value paid to CRL) LCCM �1612310 (decided value paid in cash and shares) Revenue COBRE circa �8000000 (guestimate based on current supply for 2018)

That's how socialism works. Only writing what you want people to hear and dismissing everything else including the facts. Only wanting to see or hear positive posts factual or otherwise does no one any favours. What is negative about discussing the factual history of LC? It was given away for free 17 months ago to RMA and PNX couldn't make it commercially viable at today's copper price 7 years ago. Redmoor may be a world class find but that doesn't make it a world class mine without a lot more money than we can throw at it and the next government may be against mining, if the Marxists win out then they will be against everything us poor old capitalists want to do and Redmoor could well become state property. HC was the be all and end all and is now on a back burner with regards to our other projects. Cobre is only confirmed for the following 12 months. Factual information (regardless of sentiment) is the key to success and misinformation causes not only FUD but also false hope. So when you see posts that you disagree with, don't dismiss them, disprove them. When you see the SP going where you think it shouldn't, question it and try to understand why the SP is where it is regardless of where you think it should be. The SP is where it is. That is neither negative or positive it is simply just our current market valuation, whether we agree with it or not.

As long as your not saying that in a few weeks time :)

on AIM. If you are a LTH then it doesn't matter what today's SP is (other than the extra unwanted dilution). If you are not a LTH then the BoD don't want you here anyway (No Hawkers, Sales People, Religious Groups or Day Traders), no matter that you funded the company to this point. So LTH sit back take a couple of years off and see if the 120,000,000 options are vested at �0.55. Nothing personal, it's just business.

Hopefully, the meeting earlier today will have discussed that and come up with a response.

The market isn't interested, 3m volume on such good news. If the Market shows no interest then all of our views are irrelevant (yes including mine). Once the Market loses interest the PI's start to lose interest and tend to drift back to what they were meant to be doing in AIM in the first place. That is when the SP drifts and the "whales" make a killing. Then only beneficiaries I see here are RMA, those collecting for the long haul and a few to stubborn to sell like myself.

Buy price at 15:30 was 1.94 2.5 mil at 15:29 was 1.90 probably a sell. Second (16:00) was definitely a sell.

Unless someone can put their hand up for it. I would say given the SP drop and the price difference that they are both sells. I would hammer my broker if he did a pension rollover (to high for an ISA) that cost me �730.

Buy or sell. Check the time/date stamp against buy/sell price. I would go for sell.

You mean how can the MM's play with the price so much on virtually no volume to an extent greater than the percentage of shares required to buy a Copper Mine? I have no idea, but they do. FYI the SML website has been down a while. Hopefully that means it is being updated to include LC.

Frustration is an emotion. I have moved on from emotion and on to trying to understanding why we are worth �26.08m. Were we so overvalued that the reinforcement of our decline in mcap over the past 10 months still continues? A loss of �1.2m (mean) a month in capitalisation warrants understanding and re-evaluation. The addition of the extra shares due for LC will only compound that loss. How long will it take LC to return in profit �12m (I know the decline is attributed to SML as a whole and not just LC, just as the rise was not including LC )?

As shareholders we cannot be privy to information not in the public domain. Therefore, I use the information I find in the public domain. When I find alignments, I use this to confirm. When I find discrepancies, I raise questions. I believe I am doing this in a non-biased manner. Being a shareholder, my intention is to have all available information at hand to make investment decisions. My research into LCCM has raised questions, some of which I have managed to answer through the power of highlighting them on this forum. I do on occasion contact the BoD and have good responses each time. The main line of my inquiries recently is driven the current mcap and the reason for the market assessment of our worth. Understanding is the key to success and I am failing to understand our current Market value.

Yes my bad (probably to early for my hangover). It is understandable why they would use themselves as the creators of the feasibility study (costs, etc). I was focusing on the Lessons Learns slide which is always helpful, but confused on the next slide about previous users recovery, when PNX clearly stated their reasons for mothballing as lower than expected recovery. " The study and related test-work have revealed that conventional heap-leaching results in a recovery of total copper to final product in the region of 50%. As such, although technically successful, the project is only marginal economic and too high risk at current copper prices. Actual copper recoveries are much lower than the estimated recoveries of upwards of 67% in the studies undertaken by previous owners."

The disclaimer is for the Presentation. No one buys anything off of a presentation, which is just the best soundbites of anything being presented. I was more interested in the content itself. It gives us further information on LCCM which is both of interest and helpful.

This may fill in some of the gaps: http://www.saexplorers.com.au/archive/2016/16trewartha.pdf Please note that Mr Reynolds and Mr Trewartha (Hills Equity/Reslience Mining) appear to have used themselves (Terra Consulting) done their own feasability study. Does anyone know who did our DD? Was it in house or did we outsource it?

Not sure RM did anything other than new wrapping paper. It looks like they just sold on what the were given.

All of this conversation would probably not have taken place if we were sitting circa 4p and could understand the SP. But we are not. We are very much questioning why the SP is languishing around 2p and will keep doing so until either the SP matches the positive sentiment from the BoD, the news releases and the shareholder expectations or we find a definitive answer/set of answers to explain exactly why we are adding no value with the results/news as presented.

From PNX feasbility study when copper was circa $3.5usd/pound. The final "to high risk" and "actual recovery" statements at the end do not make comfortable reading. "The impairment charge in relation to the MoL assets follows the completion of an initial pre-feasibility study conducted by PNX regarding the future mining and production activities of its MoL operation. The study and related test-work have revealed that conventional heap-leaching results in a recovery of total copper to final product in the region of 50%. As such, although technically successful, the project is only marginal economic and too high risk at current copper prices. Actual copper recoveries are much lower than the estimated recoveries of upwards of 67% in the studies undertaken by previous owners."

Phase. All of this is going towards explaining why the SP reacted the way it did. We have acquired an asset that a mining company couldn't make commercially viable when the price of copper was around the price it is today. We have paid $3m/aud for LCCm which had a commercial value of $0 when it was transacted (given away) 17 months ago when the price of copper was $2.1 Those following the party line and only looking at the limited positive information form our BoD are backing the purchase. If I had done my own DD thoroughly I would have raised one glaring question. What are we going to do differently which will enable us to make a profit, when PNX failed?