Member Info for Propinquity

Chesh, Well spotted.

MK, Just for good measure, from the Friday, Nov 22nd, 2019 RNS:

‘Additionally, LCCM successfully commenced trial operations at the Mountain of Light processing facility, including sale of material under its offtake arrangement.’

SBK, Appreciate your research.

As for Russell, he conveys himself less as a marketer, and more a measured straight-talker.

SBK, Thanks for finding that.

Marshal, It’s been proven to work - but they need the finance to maximise revenue in as short a payback time as practicably possible; moreover, the finance itself, for the proposed near-term production, can be sourced from non-mining entities.

And broadly speaking, predicated on where this company had been a few years ago, before JP and PW became heavily involved, it would be churlish for anyone to describe them as snake-oil salesmen and a lifestyle BoD: their overall actions seek to increase the value of the company, especially by attempting to diversify the resources’ portfolio and subsequently the revenue; unfortunately, as with most junior explorers and miners, negative market sentiment, investment timing, and multiple geopolitical variables and other factors can precipitate a vicious downward spiral - it’s the nature of this market and this industry; but while I question the timeline for LC and our other projects, I believe that they will eventually come to fruition.

SBK, Could you find a comparable manganese-mining peer?

Before the nasty coronavirus became internationally menacing:

https://www.metalbulletin.com/Article/3909301/2020-PREVIEW-Copper-price-gains-underpinned-by-favorable-long-term-prospects.html

Hey Futures,

Good to see you’re still here - and proving your investment horizon matches your name.

Markyess, Perhaps even sooner: the increase in production will be ramped up over the course of this year, meaning - in a perfectly functioning market, of course - that the share-price should respond accordingly.

BigAsk, This one calls for Big Patience ; besides, best to ignore the short-term - and overdone - copper-price decline: from what I've researched, one of the rationales of the bigger mining companies that buy or invest in smaller mining companies is the mid- to long-term demand for the commodity in which they invest - and copper remains as one with a strong long-term demand, buttressed by a declining output.

With ongoing negotiations for various options, I would imagine the BoD would be disallowed from buying any shares - privy to inside info.

All filtered - LOL

Seriously, who would spend £1.50 on 200 shares?

With the inordinate amount of time it's taken to reach even this point, you would have thought they might still be 'miming' to one another on how to proceed.

On LC, mine (no pun intended) is that we may hear more only after the PEPR's approved, which might be between March and April.

Hey Trout, What's your gut-feeling on the LC funding?

And it costs money to release RNSes, which is a bit too tight to mention ;-)

I’m not so concerned about the payments: we know their due-by dates - and, had any delay occurred, they would have had to inform the market. Furthermore, PW and JP may have decided that they will release only materially significant news - in other words, that which has not already been delineated in previous comms.

KOD Casino TV advert - Bernie has the potential to look and sound as good as Bet 365's Ray Winstone,

We can presume that it has already been paid - and that it need not warrant an RNS: the schedule of payments can be found in the relevant RNS, released in 2019.