Member Info for mkwarriors

Wish I hadn't bothered, looks like I may be using the filter button as times too short and I've just spent too long reading certain posts of drivel

I hope he has a dam good plan up his sleeve as the cash drain due to purchasing the other 50% of redmore is certainly causing us problems. Dont really think they had a choice in buying it but it couldn't have come at a worse time. Dont think it is going to be all smiles at this years agm

Must say I'm getting sick of this share, nothing from the bod ... just letting it drift. If this is what they meant by changing their communications then they've done a cracking job

Nice to see a rise today

3 3% down on total trades of about £865.
Absolutely disgusting

Fira, but haven't proved the plant works by producing a high grade product although only 5 tons to date? The issue we have is there isn't as much in the existing heaps as we thought to start the cash coming in. The fact is though we have a jorc resource that cant be denied...... we just have to start from Rosman east instead rather than move the plant. Hence the extra initial cost and permit.

My point is that we only have one customer for lccm product and they want all we can produce, so if we are in talks to get a prepayment on our copper cement ..... it must be with our off take customer Adchem

Due to the fact we have an off take Agreement to take up 300tons of copper cement/mth which is the max that could be produced at the moment. I firmly believe we are in discussions with adchem (our lccm customer) to work out a deal to pre pay for some of the product upfront

Nice to see the sp let go, some great buying this week from new blood so let's hope they hold for a little while to allow the sp to re rate a bit. Dont really want an rns next week as we always seem to see peeps selling when one drops, just give us a week or two JP.

"constantly engages with current and potential suppliers on the development of raw material sources".

A major advantage Adchem has over a variety of global competition is the ability of our processing plant to consume many different types of raw materials – these can be categorized as Primary Copper Sources (eg; ore body derived such as copper cements or precipitates) or Secondary (eg; scrap metal, industrial residues and by-products).

Adchem’s relationships with raw material suppliers are a key part of the Company’s long term success and to this end constantly engages with current and potential suppliers on the development of raw material sources.

Our of take customer adchem currently receive their copper cement from South Korea (think I have this correct), our of take contract has been activated when we sold them the first 5 ton. Jp said talks over funding were at an advanced stage to receive a pre payment as one option for funding.
As the owner of adchem, wouldn't you do everything in your power to purchase your copper cement from a stable source?

Fira, why are you so stressed? Apparently you invested for redmore which yes was said to be 2021 but had a lot lower resource when you did and was as is still the situation ..... before any pfs had been done.

I dont pretend to know the exact heap leach process, but what I do know is the plant works and produces a very high grade product. There is also a high jorc resource there so forgive me but I'll trust my judgement and wait for further info.

Fira, how can you say lccm has had no success? They know the plant can produce really high grade copper cement although only 5 ton has been produced to date that we know of.

Not a bad thing that dj is fully out, we are up at .65p so when he starts buying again the sp will get pushed higher

Nice to see how quick it can rise on £25k buys, shame it was from DV as we really do need some new investors here

I know it hasn't been the year we all expected but there isn't alot we can do if the major customer doesn't pay. This company has alot going for it, we own alot of great assets that just require capital to get going. If all goes well mid 2020 should be bringing in some substantial revenue from Leigh Creek along with the current cobre cash that pays our overheads. All we can do is trust in our bod to steer hms sml to calmer waters. Not asking anyone to ramp, just post sensible posts as why would any prospective new investors that come across this board put their hard earned in here.
Personally I bought higher before we had 100% of the significantly higher resource at redmore and leigh creek with massive revenue potential.

As peter wale said in his latest podcast "we are currently at a sp similar to 2016 when there was no lccm, only thinking of redmore rather than the 100% we now own ( pending a few payments) and didn't have any of the payments from the major customer. Medium term the sp has got to be alot higher than now. Once this is let go watch it go. It may happen when we receive an rns outlining received funding for lccm (could be due anytime)

1.68p
Dont think a big placing is due any time soon, certainly not at these prices , more chance of a deal being done with our off take customer adchem to pay up front for copper cement. Jp hinted at a pre payment so that can only be either adchem or our cobre customers that are currently receiving product and I personally dont think it's the latter.