Member Info for mkwarriors

sent an email to JP regarding the lack of information in the RNS's and as such we are always left guessing and is not good for the SP ..... this is the reply I received



Thank you for your feedback, as a sign of how serious I take such emails, it is currently Sunday morning in Sydney and I am taking the time to reply to you after my recent visit to Adelaide to follow up on LCCM progress.



The company is currently in a “flux” cash flow position with cash flow not coming as expected. As we now control all our projects, we are currently conducting a full review of our strategy for each project and how we will progress them, including whether this involves other party involvement at project level. I would not expect this to be completed and available for market disclosure until mid-August.



As a major shareholder, my paper loss is greater than most, however, I, personally, still remain confident that we will double (and more) by 30 June 2020. In the interim, we continue to manage a fluid situation to the best of our ability and believe the underlying project values will eventually be reflected in our share price.



I look forward to updating the market as soon as concrete information is available.

Problem we have is we have a contract in place to supply product to the customer who has asked us to be put on hold. We cant get new customers till this mess is sorted

If people want to ramp other shares can they do it on the relevant boards, this is for sml

What do people want, cant say I'm particularly happy with the s/p but seriously look at what we have and we are at 1.35p

Working on the current revenue figure of us$841k that is still an annual revenue of us$3.364m without the major customer

Cobre tonnage 3mths to To
june 2017 - 10446
June 2018 - 11694
June 2019 - 8139
Looks like other customers are out of maintenance shut down

0.9mil invested into lccm in the quarter, redmore completion expected second half of July

Just re read my original post, sorry I failed to say could be worse places than in sml to have my money

What's your point stockdale, just pointing out as a long term holder of sml that there are worse shares to to be in

Upon reflection of the day Thomas cook has had I have come to the conclusion there could be worse places than here to have my money. They have a mcap of £80m 5.3p sp and a 60% drop today. They are having to find £750m

Unless by some miracle the major customer starts to resume collection or pays the 4mil in the very near future I think we can forget any rerate to where the sp should be, it's going to be top drawer for this share for 9mths until we start getting decent regular income from lccm. Cant say I'm happy being so far in the red (2p ave) but dont want to sell at a loss.

This really is poor at the moment, I wish nae had not decided to sell us their 50% holding. All this uncertainty, missed deadlines for cobre customer and buying redmore. It's as if Jp wants the sp to drop.

That's funny, I was just saying that last night......

The bod really to need to sort out the uncertainty that the rns's seem to leave these days. We were supposed to own 100% of redmore by now either by the $4mil that may / may not arrive or by the placing of last week. If the placing and current cash was enough to pay for it then why no rns, and if is wasn't enough then why only raise 890k. To much uncertainty at this moment it time...... why would new money come in until we see where the current direction is taking us

Certainly hope you are right, as an aim share we all know how easy it is to loose your shirt. Always said I was here long term as I felt Jp is a shrewd negotiator or until I felt let down and at the moment I'm in 2 minds. I mean why would you rns an imminent deposit of $4m when it hasn't arrived as it just causes problems later especially if it is required to pay for redmore. Maybe I'm just bored with the stagnant sp ...... let's see what this month brings

Exactly Martin, last week was the first time I thought seriously about selling at a loss . I emailed Jp stating my concers over cobre as this is our income backbone, didn't really get any decent replys to my questions.
If we rewind a couple of months when nae's share came up for grabs, why instead of mentioning something that wasn't in the bank ($4mil) did he not just go down the placing route then if the cash materialised it was even better. The current way seems to have caused much more grief for us with delays and then what seems like a rushed placing. Really hope I gain my confidence back with this share.

Mid just moved up, so looking like a flat close of 1.575p

Just listened to the interview again and get the impression it is the initial £1.06mil payment that is being negotiated maybe to spread it out and still expects to be 100% owners of redmore as from thurs, so let's see if we get an rns on Friday to clarify this

Exactly slum, not sure why we required this rns today when it is supposed to be a simple ..... we have paid the 1st installment.
Sml are imo looking a little lax with the handling of redmore purchase. The $4 mil should never have been mentioned till it was on the bank and today's rns ... well.... why today .
I have never had any doubts with regards my investment here.... until this week that is. It's like JP is on holiday and it's been left to the office skivi to sort out

Will this share ever get moving. We pay the company overheads with cobre (although we have the major customer issue), own a copper producing mine and will 100% own the largest undeveloped tin tungsten mine in the world from tomorrow, yet the share price still sits way below the high of 3.6p when we owned nowhere near the assets we do now. What will it take to get the rerate we deserve?