Member Info for Propinquity

Good point, Lupi.

Gorsuch, I would imagine one of the lectures might be on how not to not attract finance.

Yawn…holes, re-logging, more holes, reanalyses, results, more re-logging - how all rather lovely so that SML can further spin the Redmoor talking-points; for goodness’ sake, get on with securing funding for yet, wait for it, more drilling. Finance, finance, finance: I thought JP was our in-house financing expert.

Slurm, We have indeed been patient beyond even its saintly manifestation. I’m miffed because JP specifically stated in the Jan 18th RNS that news would be divulged in Q1 on both Redmoor and LC - the news on expansion of the tenements with the Duchy could be categorised as big, but, in reality, not a market-mover: it’s all about funding - until it materialises, the company’s valuation will remain firmly in the doldrums.

Valuation, Agreed on the mining consolidation in the the SW of England.

What’s your opinion on the supposedly forthcoming grant from Cornwall council - do you think we have already lost it, or are subject to further hoops, hurdles, and double-checking by the council’s policy-wonks?

Valuation, No problem. Now, are our BoD taking a well-deserved break before rolling themselves out for the AGM - where they’ll disgorge some confected nonsense on how the market’s negatively affecting finalising the deals?

Https://www.voxmarkets.co.uk/articles/q-a-with-mark-thompson-the-king-of-tin-bb16dc6/

How would they be able to justify their jobs with LC out the way? Oh, wait, AB will flog SML something else which he has been unable to work.

Https://www.cornwall.gov.uk/council-news/council-budgets-and-economy/good-growth-programme-benefits-communities-across-cornwall-and-scilly/

From Jam 18th RNS:

"While, on both Redmoor and Leigh Creek Copper Mine, work has continued and progress has been made, the Company was not in a position at the end of 2023, as we had initially hoped, to update the market on progress. The Company is continuing to actively engage with the Cornwall and Isles of Scilly Good Growth Team in relation to progressing its application for grant funding from the Shared Prosperity Fund. This remains a live process, which is expected to conclude soon.

"Accordingly, the Company is hopeful it can deliver positive news on both projects during Q1 2024"

Slurm, I’ll interpret your comment of ‘ JP's lack of forward planning to ensure continuity if things change’ as pure comedy gold: it’s been his - and the others’ - MO since he took the reins.

Since when have they been concerned about the company’s costs - JP’s big bonus, for instance, a few years ago, when spare cash was rapidly dwindling?

That’s JP’s bonus sorted for this year - for a successfully small claim against Brenda.

Que?

Or Zakatak.

I implore you to stop quoting Zak Mir on share-prices: his predictions remain as rooted in fact as those of Mystic Meg’s daily horoscopes.

Nayega should be fully operational by the end of the year - if I have read the latest Nayega RNS correctly, that is.

I don’t believe we’ll receive it, at all: the length of time between resubmitting the request (sometime last year) and awarding the grant (still waiting (or was it awarded to another company?)) has been inexplicably long - exacerbated further by, of course, the BoD’s hifalutin language on big - and strongly implied company-changing - news in Q1; yet, here we are two-thirds into Q2, without being any wiser - back to bad (and true) form by the BoD, then.

Yawn - https://x.com/CornwallRes/status/1792896288343675024

While I am sure that all holders appreciate the continual analyses and reanalyses of drill-cores, soil samples - and how the air quality and the stars’ alignments affect selecting the next drilling spots - that increase knowledge on the quantity of metals and therefore uplift the resource, the fundamental share-price accelerator still eludes our BoD: funding to monetise Redmoor. Judging by the soporific reaction to this year’s positive news, Mr Market seems confident that the BoD will yet again fail to deliver on their early-year announcements on big news on Redmoor and LC.