Member Info for Preston55

Can we all club togetger and buy Cornish a new "h" key?

1-for-5 Consolidation, QBS FLYWHEEL LTD

Did anyone see the bowls champ Richard Corsie has a finger in MMM?

Special advisor, leach pad, several careful owners, conversion to bowling green!

When CGNR & KDR sprang to mind earlier I hadn't checked in to see what had happened to them, I sold out £2k CGNR in mid 2015 at about 0.38p on the back of the constant raises, continued drilling and nothing ever moving....they're now up at about 33p with a proposed JV with AAZ.........so despite the woes, SML are sitting on at least one asset that according to recent discussion could significantly increase the resource through further exploration.........'i'm not writing this off.

off topic but may take your mind off the RNS

Considering BJs SPAD, Dom was talking about biolab security (or lack of) back in 2019, you'd have thought the gov would have been more prepared;
https://dominiccummings.com/2019/03/04/the-most-secure-bio-labs-routinely-make-errors-that-could-cause-a-global-pandemic-are-about-to-re-start-experiments-on-pathogens-engineered-to-make-them-mammalian-airborne-transmissible/

CGNR & KDR spring to mind

Just to clarify, I think the licence to operate risk is more about retaining it once you have it, although not aquiring it in the first place is a risk as well.

Licence to operate No. 1 on the top 10 risks;
https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/mining-metals/mining-metals-pdfs/ey-top-10-business-risks-facing-mining-and-metals-in-2019-20_v2.pdf
I'd like to see what Plan B is or C for that matter with LCCM.

https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/mining-metals/mining-metals-pdfs/ey-top-10-business-risks-facing-mining-and-metals-in-2019-20_v2.pdf

"She flew all the way from Paris", so she must have been telling the truth!

This hasn't aged well at all;

https://www.youtube.com/watch?v=gc6jOdZQ-G4

At the AGM we should ask for a list of all proposed "proprietary" technology and equipment and a declaration of interest.

I'm still a bit perplexed with regard to who CVI were acting on behalf? Is it normal in this case to sell to an intermediary, especially to one who's main business is investing? I seem to remember JP saying it was a pay and collect scenario, but the case notes talk about delivery addresses, storage address etc.
Who will crack this? I'd be interested to know who the buyer was and what Brendas relationship was with them.

I feel i'v probably done enough BOD bashing for someone that wants this to work, with a holding of 7m with an average of 1.5 (i started with 20k invested at .39p in 2016, sat on 70k proffit at one point). I think it was eitherin the report today or the sound cloud interview that it was stated that the LCC leach pads wern't up to much. Rather than going for a full JV, why not open up a limited pit, replenish the pads and generate some cash (maybe use the bonuses to show how you really care about the shareholders to fund or part fund this), all subject the operational consents etc.
Start slowly and work up to something bigger?

I think the bonus should have been put into a contingency "pot" against a number of risks they've highlighted and have since materialised. Instead the shareholders are the contingency, to be raided with a raise when required. I'm holding 7,000,000 shares in this company and I don't see appropriate risk management being implemented, i'd personally develope a robust risk register with adequate funds allocated against each risk and maintain the contingency going forward.

With google at the BODs fingertips, there's no excuse for ignorance, that's a free due diligence tool.
There's an element of catching more flies with honey than vinegar, but who spends 6 months chasing payment?

https://www.inquirer.com/business/brenda-smith-broad-reach-capital-fraud-hedge-fund-wall-street-conshohocken-20190901.html

A while since I've posted here, but just doing a search on the Brenda A. Smith (friend or Corbyn?) on google and it looks like she's behind bars for a massive ponzi scheme. Makes me wonder if she was shorting SML......off take agreement, major coustomer.....get the goods delivered to a yard (not a process plant), and then default, share price drops. I know it's not that simple but reading between the lines that's exactly what I see. Almost like doing a deal with one of those West African emailers saying they have a rake of money to part with.
Fume.....!

http://www.ppmglobal.net/heap-leach-support/