Member Info for Propinquity

Redkite, A valid point.

Interesting listen: quite unusual for John Meyer to publicly label lenders as ‘scumbags causing trouble’.

Lupi, I’ve been keeping an eye out for that report - it’s well overdue; perhaps the reason for the delay is that the next update will comprehensively cover the winners from the payouts, thereby nearly concluding the matter.

Bots’ trades.

Croutom, You should have responded to the BoD that pocketing bonuses and high wages while knocking down the share-price from about 3p to 0.25p provokes an almost-irreparably negative sentiment from shareholders.

Are the annual results due in the next few weeks?

Possibly the signatory - for example, even though a planning officer reviewed and recommended my planning request, his manager signed the go-ahead.

https://www.togofirst.com/en/mining/0802-11366-togo-2-others-suspended-temporarily-from-extractive-industries-transparency-initiative

I wonder whether they work on them in parallel, or strictly in order of receipt.

So, based on about a ten-week turnaround from PEPR lodgement, perhaps we can expect ours around mid-March.

AJones, Exactly - how much would it now cost to explore for commodities, then build a mine to the level of Rambler’s?

It looks like the missing part of a bouncy object for a children’s party.

Sammy, Indeed - but, all other things being equal, at least we’re not a company mired in debt, raising capital to just keep ourselves clean: plenty on AIM - with lesser morals than our BoD - who schmooze the public from their hard-earned money. And despite our BoD’s innumerable failed predictions in so far as monetising the company’s assets, I still strongly believe that - at some point - positive news will be released to financially benefit all involved.

https://www.grantthornton.ca/service/advisory/creditor-updates/#Rambler-Metals-and-Mining-Canada-Limited--1948565-Ontario-Inc-collectively-the-%E2%80%9CCompanies%E2%80%9D

Yes, Xenor, I would have thought so - particularly as a mine already producing gold and copper, with the latter’s continually increasing importance in electrifying the world, and its ensuing shortage (the broad consensus); with an increasing copper price allied to a steady-state production (not to mention the scope to expand output), operational costs should decrease over time, potentially burnishing to would-be suitors its future potential to generate healthy returns. Surely, therefore, this operation has to be significantly worth more than the current market-cap - how much would it cost to obtain permits, explore, construct, and operate a similarly sized mine in its area?

The obvious question is, what are those assets worth?

Quite conceivable that SML will have to submit multiple amendments - end of year, if we’re lucky.

Tro, Fira-dos (get it) - you win that one.

https://www.dundaslife.com/blog/what-is-ccaa

The CCAA does not cover the following:
companies that have already been declared bankrupt or insolvent
companies that have been adjudged insolvent under the Winding-up and Restructuring Act or that have already started the bankruptcy process.

And it can be extended a number of times if the company demonstrates a credible plan to pay back the creditors.

Tro, That’s a cracker! Although, we could be in luck over there in the next few weeks.