Member Info for Propinquity

Quite simply: they only consider lining their pockets.

Managed decline, springs to mind - https://www.mining.com/eu-inks-deal-with-chile-for-easier-access-to-battery-metals/

Quite plausible that RAB Capital bought a huge chunk of shares on the premise that Redmoor would obtain a grant from the government - a non-starter under the no-growth-plan duo of Sunak and Hunt.

Despite the BoD’s ever-increasingly desperate attempts to glorify Redmoor as one of the biggest deposits of tungsten/tin in the world, it is, quite frankly, a dud for us - no money to explore it further, no money for feasibility studies, no money for building a mine, and no money from the government - and about at least a decade away from monetisation; why else would they be negotiating to spin it out as a separate entity? Get rid of it.

https://www.reuters.com/markets/commodities/canadas-critical-mineral-strategy-aims-accelerate-permitting-2022-12-09/?utm_medium=Social&utm_source=twitter

Mate’s rates.

Lupi, I bestow them only one benefit of the doubt.

Even half the amount of money the BoD’s siphoned from the company over the past five years would have been enough to restart LC, and we would all have handsomely financially benefitted.

Have invested enough already.

Looks as though SML pays PW and AB to focus a large portion of their day-job to benefit MUST’s commercial dealings.

Thank you in advance

Dear RAB Capital,

In summary, we shareholders would be grateful if you would remind our BoD that they should be devoting most of their time - if not all - to enable this company to realise its potential; time and again, they have misleadingly informed us that deals will soon materialise - yet, years since purchasing Leigh Creek, the share-price has been decimated. Their negative influence, putative inaction, and lack of accountability over the previous five years continues, and warrants scrutiny on their competency and suitability in leading this company to a profitable future in a broadly commercially supportive market for tin and copper.

The valid fear remains that we will be no further progressed this time next year, possibly leading to further dilutions to partially fund their disproportionately large remuneration packages, leaving little for the business to invest and expand.

Thanks in advance,

SML shareholders

Lupi, Indeed - it’s not that good: otherwise, meaningful commercial progress would now be in full swing - and, yet, it’s still at least seven years from earning its first pound from production.

The following line is the most interesting part of the job description:

Assist with coordinating debt financing and debt service payments with external vendors;

Nope - probably nowhere near close to any type of deal on Redmoor and LC as they convey to the market: three-plus years in the making to annihilate the share-price while discussing deals on them - why would anyone believe that they would release news in what’s left of 2022?

Hunt killed them off in his budget - no grants for Redmoor, then.

PW may think that a step too far - which may mean close because his definition of the latter is the former.

Tro, Thanks - an interesting interview; fundamentally, the copper market’s broken - at some point, its price will reach new highs to reflect the shortage.

Tro, Looks like a strong upwards trend.

https://markets.businessinsider.com/news/commodities/copper-and-nickel--pillars-of%C2%A0the-future-11915390

https://markets.businessinsider.com/news/commodities/copper-and-nickel--pillars-of%C2%A0the-future-11915390

We could have by now restarted Leigh Creek had the BoD reduced their salaries for the past three years - with a huge upside that would have far outweighed the temporary reductions; but, their short-sightedness - ironically - knows no bounds.