Member Info for MisterPositive

Not the best week here but getting closer to ARYA drill date and more assays from BIG ONE.

Hoping for a better performance next week.

Happens sometimes. People just need to collect their thoughts over the weekend.

Agree. Should be a good ride from here.

Tin US$ 35,332.50 / Tonne
Copper US$4.40 / lb

Chesh
Yes remember whitematter very well. He used to be on AST board before switching to SML back then.

Dear o dear...he was something!!!

I remember just few years back when this motored ahead from 1.5 upwards. Reached 3.4p if i remember correctly in 2017.

Ok might have been few less shares back in 2017.
Today projects are more advanced stage with cashflow and profitable operations in place.

Sammy,
£50m MCap would be at the low end but still welcome here. SML been unloved far too long.

Sum of parts valuation for Redmoor, LCCP, Cobre would be lot higher in my view.

RNS Monday ?

Added few more around 0.45

Still very cheap.

Smithy
HE1 with £80m Mcap might be the turd not TRP with only £7m MCap ???

TRP is one of the cheapest around with multi-billion barrel potential.

0.4435 paid.

Bit of buying pressure and MMs would have to increase the spread a notch or two.

52 week high here 0.70 (even that is cheap).

KOD was stuck below 0.10 for a while and then motored ahead to over 0.50 in just few weeks hitting around £60m MCap.

SML at only £8m MCap is cheap...no brainer

Some great assets SML sitting on.

Was 0.60 back in Feb this year. Would expect that to be re-tested near term.

Prices of all commodities gone up considerably, Copper, Tungsten, Tin, etc. But not reflected in SML share price currently. 5-8 bags mid term in my view and much higher long term. Cracking price this one.

Samso is a clever cookie...seen his other interviews. With his many years of experience he knows his stuff.

Wider market will soon catch on with Castillo both in Oz and London. Got to stay the course.

All eyes on ARYA & more results due from Big One.

TRP could be one of those 50 baggers that you come across AIM once in a while given the upside from Namibia, Cameroon and South Africa.

Smithy,
You cheapskate....LoL

0.50 - 0.60 is way too low of an estimate.

Welcome back anyways.

Gordon.
Did not get a chance to follow up.

Companies will not buy just any company just coz they got trading losses built up on their books over the years. It has to be a strategic fit or at least in the same sector. I used Cairn Energy as an appropriate example coz of past relationship and history in India. Cambay has always been and would be a very attractive asset for any Acquirer. Timing has to be right. Fast forward to 2021 (despite past years delays, litigation, etc.) OILEX has finally got itself in a very good position with 100% of Cambay on its book. We all need bit of luck sometimes for things to play out in our favour once in a while.

I am not 100% up to speed with breakdown of the $182.5m accumulated losses i.e. if its all trading losses or a combination of trading losses & asset impairment related write downs when you take a hit to the P&L account. If my accounting is right, then any revaluation upwards of same assets would mean reversing the P&L hit (loss) that would have been taken at the time of asset valuation write downs. Hence increasing Asset market value on the books and crediting P&L.

Any accountants on this board might be able confirm my view above. Just trying to look at different valuation methods.

ARYA could surprise many in a big way in my view.

Waiting for further results from BIG ONE hopefully pretty soon.

Thanks guys. Was in SML many years ago when some projects were early stage.

Have read the recent RNS's.

Company should be able to secure Project finance for LCCM in my view as project economics and profitability projections look good. Copper is hot right now and coming years, so SML should be able to get it sorted soon in my view.

Bought some today.

Profitable mining company...rare on AIM.

20% Increase in LCCM project profitability is excellent and should secure debt funding.

US$21.9m arbitration claim is Bonus on top.

Well woth it at just £7.5m MCap in my view.

Yes, Buys showing as Sells.

Added few this morning.

Way too cheap at £7m MCap given

* the Cameroon Farm out deal agreed.
* South Africa massive prospects
* Namibia license (all eyes on Venus drill)