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PW mentioned in the most-recent podcast that that would not be rushing LC into production: they are not taking any shortcuts.

Really? Good news - and a hefty decline, as happens with another SMaLl holding of mine; the perversities of AIM unceasingly confound.

Fira, The tone of your post would indicate that you should administer yourself your own advice - by indulging yourself in whatever pant-calming technique you had in mind when recommending it to Wakey, DVH, and me.

In our confab, we must have missed it: https://audioboom.com/posts/6875157-versarien-vrs-strategic-minerals-sml-united-oil-gas-uog-oilex-oex

BigAsk, Taking your big-ass divination of a price-drop vaguely askance, I should really hope not. Besides,other than your hell-in-handcart insinuations, have you anything remotely useful to add to today's cordial discourse?

When I started trading on AIM, many years ago, my default reaction to a precipitous decline in a share-price would be to sell at a loss - following the almost impossibly irresistibly negative sentiment - without attempting to even step out of a temporary quagmire, to dispassionately reappraise why I invested in the first place; as time went by, I kept a distant eye on them and, needless to say, had I maintained an unfazed mind, ducking out of the line of lemmings, I would have profited bountifully. Therefore, this time, I shall apply my lessons learnt from that early investment-assessment naivete - especially by continually referring to Earny's earlier, compendious post on SML's potential: ''1. Redmoor -so far so good with results and grades. Partner has little cash so as can be seen to move along they either raise the cash or we take more equity in the CRL 2.HC & MW - prospective by nature , leading expert on site, air core results although limited in nature will either identify greater or lesser potential 3. Cobre - thats business you win customers and you lose customers , though we seem to be half glass empty attitude at the moment 4. LCCM - acorns and oak trees scenario Taking all the above no matter what we say we have more potential in the next 6-12 months than we did a year ago and are in a better position now than we were a year ago , so the SP drop cannot be directly attributable to potential or cash generation, can it ?''

Your words are too kind.

Indeed, Fira; yet, as we all know, AIM's penchant for the short term trumps all other factors - no matter how black-and-white the information that denotes a coherent strategy that continues to be executed reasonably successfully within the publicised timeline; and that reveals a significant BoD holding. Moreover, we have all encountered countless quixotically overvalued AIM companies without tangible assets and income. Everyone invests according to a personal investment strategy, incorporating various risk-scenarios - I'm content to remain invested, not least because one of the most important criterion for assessing an investable company is the depth of the BoD's holdings.

DV, You may well be right - and you are right about the short term: this share-price decline will be but a blip on the mid- to long-term chart - if the BoD's strategy successfully concludes.

All interesting, valid points on SML - but, it's always been more about the mid- to long-term fulfilment of the BoD's overall strategy, which was enacted in 2016; and, thus far, it seems to be broadly on track. Yes, it's unfortunate that we may well lose our biggest Cobre client, but that is always a risk in business, for which the BoD has attempted to temper by buying Leigh Creek, to bestow us a second income-stream, which is fully in our control.

Are their results to be released before the end of May, or the end of June?

Hey Earny, Hope you're enjoying the Floridian sunshine - don't get burnt! A sensible sentiment on SML's current situation and the near-term news from HC and Mt Weld; I would suspect many investors would be disbelievingly disappointed if the latter two's results produced commercially infeasible quantities that would stop any further explorations - after all, JP has particularly mentioned, on quite a few occasions, the possible share-price-multiplying effect of HC, which in itself would imply that the probability of success should be high.

Don’t AIM to toil to let it be number one.

Hey Earny, Your profession is apt. ;-)

BigJ, At least this share’s becoming less and less a busted flush, partly by keeping us afloat in its pipe-dream.

That sounds right to me.

BigJ, You augured it well for us from your comms with Russell Lamming.

SBK, Let's hope so - with confident, strongly positive messages in both the interims and now on its Twitter feed, the licence has to be imminent; or, why bother with the bullishness, particularly when Togo has been almost unreferred to over the previous months?

SBK, Let's hope so - with confident, strongly positive messages in both the interims and now on its Twitter feed, the licence has to be imminent; or, why bother with the bullishness, particularly when Togo has been almost unreferred to over the previous months?

Perhaps the different sellers did not individually possess the required minimum to legally trigger a hokdings RNS.