Member Info for Propinquity

That explains why I see green-outlined boxes.

Grappa, That’s my take on it - hence, the focus on another project to fill in the time between now and however many years it will take for Toral to come to fruition, either via a JV or a sale.

What had been the focus before the refocus - scheming the latest dilution?

‘We are also undertaking a full review of the Group's cost base, including board level remuneration packages, and establishing a clear strategic pathway through the remainder of 2021/2022 to REFOCUS our efforts on delivering value for shareholders’

Forget Redmoor - it’s as close to commercialisation as Boris is to writing a truthful memoir.

Leigh Creek is the only short- to mid-term value-added proposition that will materialise into big gains following the PEPR approval and finance.

Teaye, That’s all we have to offer: opinions, based on the public available information at our disposal; we can only hope for the best result from whatever endgame LR plays with the team and financially-bounded tactics available to him.

Are we a junior or a grown-up? I’m confused: on the one hand, we convey the corporate-handling of a wee one, but are told by the most senior boy in reception that we have suddenly morphed into an adult-form - of something.

So, you reckon they could bring it into production by the end of 2023? I would say a pipe-dream - full of sativa. ;-)

And EUZ will unlikely leave us with any of those - only backfilled drill-holes.

What is CL?

Value, Could be shortened by 4.5 years from my estimate of H2 2026 - to bring it into production next year?

No more than its demise was in a day.

So, here’s a potential timeline of events:

Another year for drilling, in 2022
Six months for a PFS, in 2023
Six months for a BFS, probably by the end of 2023
Obtain finance for the build, most of 2024
Put mine-build out to tender, over the first half of 2025
Start and finish mine-build, probably by the first half of 2026
Commence mining, probably by the second half of 2026

Of course, lots of variables will affect the milestones between now and the end of 2026, but it presents what I believe to be a realistic timeline for SML to experience any value from Redmoor.

Apologies, a few deceiving Twitterers believe the BoD - but only because they have publicly recommended SML, at a higher price.

A basic question to the the BoD: from where will you obtain the millions - which you simply do not have - to progress and to extract value from Redmoor and LC? No one believes what you say - time and again what you have said has proved to be hugely disconnected from the reality itself. STOP LYING!

Simple: their collective credibility with the market waned, a while ago, after all the false promises and miscalculated purchases, dilutions, and finances required to monetise LC and Redmoor, which, no matter today’s good news, remains years away from financially benefitting this company: it still requires a huge amount of capital a) to continue drilling to further prove up resources and its economics - ne’er mind that we’ve been sitting on it for five years, with very little progress - and b) to build the mine itself.

Bubble, I get a few green boxes appear now and then - quite a pleasant view!

Time to stop the facile positivity on LR - nice guy, energised, focus, and so on - because the unvarnished truth nakedly reveals one of an abject failure to add any value to this company since he’s been in situ.

Ramble y

Mate y

Voted no against all resolutions - confirmed in a secure HL message.