Member Info for PaulFG

yes there are too many unanswered questions.
> would the detail on development costs in the DFS help to crystallise that last finance clause in offtake and therefore trigger an actual offtake agreement or even a ruddy MOU? SVML produced a non binding MOU offtake for 25k t and the market loved it and those guys aren't even schedule to start production before 2026!!!

> Would the DFS finally trigger the IML - is it all the GSMB is waiting for?

Problem is no one that interviews Frayne knows enough to ask him the questions any of us would be capable of, so he get's off anything awkward in these PR type podcasts.

All that was promised in Feb and here we are in mid-May! 3 months ....

The situation in SL is not great but lets face it it's nothing like what it was. We've seen rioting in lots of countries including Europe before and I've lived through Military coups in Asia. One thing I know, unless this descends into a civil war (which I cannot see happening, the people won't want to have that situation again), business will continue to be conducted. If it's up to the GSMB to grant the IML and not wait on a minister's signature this should not be further delayed and I think Frayne has said that it is the GSMB that grants the IML.

It would be good to hear from our CEO though if he can be bothered!

I think they need a unitary government, but it was never going to happen under that PM.

well let's see, but even soothsayer DRJJ isn't predicting anything for next week.

@LW like many I'm just fed up with Frayne and the way he communicates. I cannot believe the last lot that were 'convinced' to take up the recent placing last Feb are feeling any better about his style.

@myopinion .... ah I see.

I hadn't realised Frayne was Chairman of Cooper Metals. Clearly this Australian based company has been diverting him from driving cmet forward.

whatever is going on in the background had better migrate to the foreground PDQ!

I am not as sure as you DRJJ that there is a lot going on in the background as you might hope. If there is there's Bl""dy little to show for it over the last year! Each time Frayne is on a podcast he mentions driving on the Perth coast and I think there's a lot more surfing going on than anything else...

Not sure how many PIs are left in here but I suspect there have been exits.

Mid-May guys and where the hell are we?

I'm annoyed. lol

Has anyone EVER had a reply from Frayne?

Not Me.

I can't honestly think of another CEO in the sector that has such poor communication with his shareholders.

Not sure how many everyones are left here, lol

To put in context aexg drilled last Oct 2021. Pretty sure they used labs in Ireland, and they only announced drill results in April. Doubtless there were backlogs at the labs, but realistically I wouldn't expect results here until aug/Sept earliest.

Ok.
I understand the posts a lot more now. Lol

Lol
You guys are crazy
You think they're going to drill 3000 metres, organise and catalogue the cores, submit them to the labs and to have the drill results back by mid June??? All that in 6 weeks???
You're living in cloud cuckoo land.

Parkez, you do realise how long it is going to be before there's a mine anywhere....could be anywhere between 10-15 years. That's what investors understand.

It seems nothing is inevitable in this sector and everything takes a lot longer than investors or management ever think. But successful drilling and resource expansion can definitely help, lol

Have they never been to a core storage site before? It's standard.
But they're right this will take time. Even with good drill results when they come, the market seems to want more these days. Not sure what.
Hopefully, worth the wait for another few years.

That's incredible!
But bear in mind production not due to start before 2026 That's a very long time in todays world.

Well he's given time frames in the Sunday roast
- feasibility stages until end 2023
- building stage until end 2025

As with every single other aim company in this sector I would expect those timeliness to extend slightly.

Crikey they went through a lot of cash last year, $34m Canadian!!!

So the reopening of Nalunaq maybe further off than I had thought given: "The Company is in the process of updating its Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA), which it expects to complete over the course of the next year." And then the process of review by authorities thereafter.

So how much do you guys SVML are looking to raise? I assume we're talking placing.

They're on record saying they'd require $330m to bring to production (2026), but you can add to that given inflation (you can add it to every project everywhere) but how much I don't know.
I mean the market told us this was coming with the recent fall off in price but I'm wondering how big a capital raise this is going to be.