Member Info for MutleyInferno

Paying a dividend is about a lot more than just the cash. It's also a signal to the market that the company has excess distributable cash surplus to current budgets and requirements and is therefore massively less risky. It shows the company is unlikely to dilute shareholders with cash calls like most other aim stocks. It also attracts a whole new set of investors that are looking for income as well as capital growth. A small dividend at the right time could therefore be quite dramatic.

Yes and it will be great when they start shouting Dividend a bit louder.

Dividends from an AIM company has to make us fairly unique.

My frustration is not to do with progress it is to do with lack of information.

The EM survey was started in December. We don't know if it was finished. What happened to the results? Are they being analysed or just waiting for the time and budget? We're supposed to have a Nickel expert consulting for us. Is he still there? If so surely he would have some news to share over the last 6 months! Has everything stopped?

I don't mind what the answer is to any of those questions as I trust this BoD to prioritise the projects as they see fit. As I've said before though it would be nice to know whats happening.

When I joined, HC was higher up the priority list but rightly so it's now at the bottom which is fine by me considering the other projects we are progressing.

I think the other 3 projects alone will get us to the 10p Director options and beyond!

I think everyone that's been here for a while understand the hierarchy of the projects but in December we were told the EM survey had started and we haven't heard anything since.

It would be nice to know at least if it was either abandoned, suspended or finished.

Presumably if it started then the money was already allocated.

If it was finished but we decided not to spend the money on getting the results analysed then fair enough but it would still be nice to know.

HC was my reason for investing here so it is rather frustrating waiting for news but they did say they are very busy.

Surely a little acknowledgement that the project is still alive, the survey is finished etc etc would be better than the current silence.

I'm more than happy with everything else that's going though!

I'd be very very happy.

Great Interview JP. Keep em coming.

I am looking forward to the Redmoor update very soon.

I originally invested here a few years ago on the promise of Hans Camp and although it appears to be taking a bit of a back seat at the moment I'm perfectly happy with the progress being made on the other projects.

I've given up trying to predict when things would happen because I'm useless at it and it took to much effort.

Now I just decide based on what I think is going to deliver the long term return I'm looking for and I set my target accordingly. I then just leave the cash there until it reaches my target or becomes a basket case.

I've had a few basket cases :-)

My target here is JP's £100M Mcap. I don't know when it will happen but I'm confident it will at some point. Fingers crossed!

Good luck with whichever one or other that you choose. We're all here for the same reason.

I've managed to reduce my portfolio down to 3 serious contenders for my cash but SML is my current preference.

No doubt that will change at some point.

Indeed it is which is why I've already added quite a few this month and I will keep buying until I think it's reached a fair value.

I think the BoD will be happier when the share price starts to reflect all of their hard work and the progress that the company has made over the last 12 months. Unfortunately that doesn't seem to be happening here but I'm sure it will happen eventually!

The BoD think we're undervalued. Most PI's seem to think we're undervalued. I definitely think we're undervalued but I'm not sure what anyone can do about it at the moment other than wait for our day in the limelight.

Nice interview PW.

LC to provide $5M "profit" per year. That's definitely what I call a "Tsunami of Cash"
Cobre - If PW is confident all will be fine then so am I.
Hanns Camp - Patience required. They're very busy but news due at some point soon.

on JP's interview.

1) Cobre will come good given a little time and consideration to the customer.
2) He has a plan for financing the Redmoor payment and it's a no brainer.
3) This time next year he's going to need a vault at Gringotts to hold all of the LC cash.

So in essence if you're a long term holder there's a) no need for short term panic/worries as he has it all under control and b) you'll be handsomely rewarded as he has it all under control.

Tsunami of cash - I love it!

I can't really understand why we're down today after the great LC RNS but I've used it as an opportunity to buy a few more. I'm coming for you DV and Trout :-)

Surely we won't be trading in this range for much longer!

Hopefully JP will do an interview later and give a few more details on Cobre but from my reading of the RNS the Major Client is still there but they're a little late on their payment.

The contract hasn't been canceled or terminated they have just returned back to their original contract terms as the deferred period has now ended.

Yes 1.62p was a buy reported as a sell :-)

That may be slightly ambitious but I like your thinking and who knows what will happen when the LCCM profits start kicking in!

5 years DJ? I'm hoping we'll all be very rich before that.

We all know the BOD are very cautious and we know they've set their 2022 share option vesting price at 10p so given their cautious nature I'd expect us to be at 10p quite a while before that.

10p in less than 3 years will make me very happy.

Great interview. Very nice to get a few more details about what the Cobre client is doing.

Just a shame I watched it a bit late in the day so I couldn't buy a few more. Very encouraging.

Well done JP and AB

Muppet! I was just checking you were all awake. :-) Ill go back in to my slumber for another 3 months and refrain from posting and scanning RNS statements as i'm running out the door.