Member Info for Propinquity

Maintaining our only source of revenue; now for that elusive PEPR - and finance - to fire up a second source of income.

Rolls on for another year.

https://www.mining.com/copper-nickel-prices-spike-as-europe-scrambles-for-metal/

https://www.mining.com/copper-nickel-prices-spike-as-europe-scrambles-for-metal/

Indeed, a bit like the copper-producing RMM, due to report its gold assays soon.

Under the Commodities Sought column, you will see not only copper, but also gold - a new one on me.

Lekka, Indeed, I was responding in support of Dalesman.

Ideally, between 2 and 3p; but with our BoD’s publicly laid-bare inconsistencies in timings and management, anything over 1.2p would be inviting - y tu?

Croutom, Experienced AIMers know that AIM habitually over- and undershoots, settling somewhere in between - the trick, as ever, lies in timing the inscrutable exit-and-entry points.

Dalesman, Agreed - why respond?

Blackhopper, Try greenboxing: rationality - both negative and positive - remain in your view; besides, the fewer responses they get, the less they feed on - RMM has a few too.

https://markets.businessinsider.com/news/commodities/charts--copper-project-pantry-bare-from-2025-11064949

https://markets.businessinsider.com/news/commodities/charts--copper-project-pantry-bare-from-2025-11064949

https://icsg.org/download/2022-02-21-monthly-press-release/?wpdmdl=6611&refresh=62162a1eb8c191645619742

https://icsg.org/download/2022-02-21-monthly-press-release/?wpdmdl=6611&refresh=62162a1eb8c191645619742

https://twitter.com/AndreaHotter/status/1496251048113192961?cxt=HHwWgoC-mdOZ4MMpAAAA

Are we any closer to finance than we were a year ago - or is Lupi right in that JP will dole out another ticket-for-tomorrow from his bucket of false hopes?

Commenting, John Peters, Managing Director of Strategic Minerals, said:

"The Company continues to differentiate itself from other junior AIM listed mining stocks through its access to a regular cash flow that covers overheads and contributes to funding project developments.

"Recent significant rises in the copper price to over US $4.00/lb. from a low of near US $2.00/lb in March 2020, have greatly increased the potential valuation of LCCM. This has occurred at a time when the Company is closing in on the regulatory approval for accessing the Paltridge North deposit.

"The increasing interest in copper and projects which offer a quick route to production, due to the continued rise in copper prices, has proven timely as the Company progresses discussions with potential LCCM joint venture partners. Given the material changes in the project economics, this update was deemed appropriate to highlight to the market the impact of the copper price rise ahead of completing any joint venture on LCCM."

Plenty more for me to pick up first thing tomorrow morning.

Yep, we’re now selling copper at market-price - about $2500t extra into our coffers.

Let’s hope not - by sticking to their own statements, especially the following one from the latest RNS:

‘ The SML Board has reaffirmed its commitment to ensuring that overheads will be kept below after-tax income derived from operations in 2022 and beyond.’