Member Info for Propinquity

With copper’s choppy yarn steadying towards 10,000 dollar a ton, Leigh Creek could become quickly fashionable, adding another layer of value to the overall price of our mixed-fabric belongings.

Forrest, With your five- to ten-bagger conviction, you can clearly see the wood for the trees - whereas we clearly don’t see the wood for the trees.

I’d go. I h higher than 1p if the drilling results reveal top grades. - you just have to look at some other junior explorers and developers whose valuations go into the ridiculous realm of tens and tens of millions - even more, in some instances - on nothing but bits of land and dust; whereas SML makes a profit, has good grades already, and just needs a proper investment case - which is what the drills will provide,

Agreed - it’s outdated, incoherent, and shoddy; time to reflect the both the new optimism and the modus operandi.

Ignore the word ‘dollar’ - no idea how that crept in.

Value, Do we still count as a US dollar domestic supplier under Trump’s regime? Under Biden, yes; under Trump, not so sure,

Https://www.whitehouse.gov/presidential-actions/2025/04/ensuring-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products/

Forest, Seriously a five- to ten-bagger on what premise?

A 23.36k one, at 14.37.

Apart from the placing now matching the grant to cover the following twelve months’ drilling programme, the other benefit - the complete removal of uncertainty on how to fund the next stage of adding value to Redmoor; in other words, SML now has the fully committed finance to unlock the potential that has been lying dormant for the past seven or so years, during which the previous BoD failed to progress it, and mainly misled the market that they were close to a deal, with any failure of its manifestation attributed to the poor commodities market, geopolitical uncertainty, or another similar excuse.

At last, the next twelve months at Redmoor should reveal exciting updates - and, in the meantime, our US operation continues to generate a healthy cashflow.

Meanwhile, HMG twiddles its thumbs while other countries motor on to secure its critical minerals’ supplies - https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineral-production/

And HMG quite happily funds offshore mines while neglecting our own ones - their illogicality knows no bounds,

PC, your comment of ‘say no more’ certainly applies to Russell Lamming and co.

The drilling plan and schedule should be released within the next few weeks: it has to be completed within the year - along with publishing all the massive value-adding findings.

Thanks for the responses.

How does a £10,000 buy move down the share-price?

The big buys point to a growing confidence in this company’s investability.

Were those big transactions purchases?

A 12- month plan incorporating a six-month drilling campaign, updated economics, and a pre-feasibility study - all without dilution - and SML still turns a profit; and yet the market remains muted - with Redmoor’s value increasing month on month, SML’s share-price should follow suit.

PC, You’re right - excerpt from the May 2023 RNS:

‘ o Keras will be paid an advisory fee of 1.5% (one and a half percent) of gross revenue generated from the Nayéga mine for the provision of advisory services for 3 (three) years ; and

o Keras will be paid 6.0% (six percent) of gross revenue generated from the Nayéga mine for the provision of brokerage services for the lesser of 3.5 (three and a half) years or 900,000 (nine hundred thousand) tonnes of beneficiated manganese ore produced and sold from Nayéga.