Member Info for Propinquity

Tarry, JD implies a conflation of 'cashed up' with 'no debt', which is a contextually sensible inference: a small AIM exploration/mining company without debt remains quite a feat.

Nice entry point, indeed - it's a bang-on asymmetric bet upwards.

And, folks, for clarity, despite my grievances at the BoD's past few years' monumental misdirections, this share will multi-bag - whether you would think otherwise and would like to wallow in negativity: a not-too-dissimilar uphill run to the one a few years ago jogs - from a distance - into my view.

Newbies should understand that the BoD's ill-timed - or perhaps, complicit, as in the purchase of Redmoor, from Alan Broome's other company, NAE - misjudgements, over the past few years, have pushed a precipitous decline in the share-price and in the company's cash position; read the history - especially the embarrassingly scandalous, unprofessional, school-child-level text-messages between John Peters, SML's director, and the obvious Ponzi schemer Brenda Smith; then ponder whether you believe the current BoD would possess the collective calibre and wherewithal to catapult this company to where it should have been by now.

Sammy, I called you a realist on the other board, whereas you’re more a fantasist on this one - LOL - ;-)

Sammy, That decision is yours - and yours alone; my exit-price still remains significantly higher than 1p - I’ve expunged my emotions from my continual purchases in this recently smitten share: I now view it as company with significant near-term revenue-generating potential - and one in a financially superior position to its previous incarnation of three years ago.

Aye, our Sammy is a realist.

Despite the BOD’s abysmal failings over the past few years, I’ll say it again: this will multi-bag from here - it’s about as a paradigmatically asymmetric bet on AIM as one could find.

An old-wound opener

https://www.kitco.com/news/2020-08-18/Turkish-citizens-rush-to-buy-gold-as-local-currency-keeps-losing-value.html

Lives a luxurious lifestyle.

Whilst browsing through SML-related tweets, I happened on a particularly dim-witted response to one on SML’s current undervaluation, along the lines of he could not understand why LTHs are disgruntled with the company - that man researches well his investments, then.

He’s up against ditherers and incompetents - and false promises.

Bet the website proves as elusive as the licence.

Sammy, I wouldn’t follow my track-record in AIM investments - ;-)

Some super-knowledgable posters - Bobby, Shed, Bricks, et al. Welcome aboard.

Bobby’s right about dilution: it always exists unless it’s explicitly ruled out - which it has not been - and this is AIM, where the Wild West frontier exemplifies Buzz Light year’s most-famous phrase; so, even though I’m positive overall about this company’s potentially massive rerating, the prospect of dilution stalks my confidence in this share.

To me, it seems as if the supposedly democratic regime are competently - deliberate use of that word - uninterested in diversifying its mining industry, let alone to gain from it additional income to boost its GDP; and, in particular, to capitalise on a burgeoning industry in EV and green-tech-related metals.

Well, I’ve been thinking the same, too - weird!

Brigglet, You're still here, too; what's your opinion on the recent BoD-inspired debacle?

Jim, A frankly fair assessment - no other way of dressing it up.

FWIW, you can pay for additional information on the receivership of the serial texter's assets - https://www.pacermonitor.com/public/case/35136496/SECURITIES_AND_EXCHANGE_COMMISSION_v_SMITH_et_al