Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
G7 Summit St Ives, Cornwall. Boris Johnson quote from Sky News:
Mr Johnson said Cornwall "is the perfect location for such a crucial summit".
"Two hundred years ago Cornwall's tin and copper mines were at the heart of the UK's industrial revolution and this summer Cornwall will again be the nucleus of great global change and advancement," he said.
The website has the latest update as at 30/12/20 and it would appear as though C&M Manners have increased their shareholding since the summer and it is now just under 5% and is 91m shares. Surely this offers some encouragement?
Fira - cheers, no apologies needed.
If we can get back to 1.2p I’ll be ok???
I’ve learned my lesson hard here and unfortunately it’s not the first dud; I was also in Angus Energy and that ended badly. Luckily I wasn’t in SXX - maybe SML should propose building a tunnel from Redmoor to Plymouth - lol.
AIM is a jungle and the 200 baggers like GGP are extremely rare. Think we should have sold out at 2p like John’s brother did! GLA
I said this morning that it’s about 3 years since we had a decent RNS. I’ve just remembered what the RNS was and it was along the lines off ‘ we have a brand new significant customer at Cobre, but unfortunately we can’t reveal their name’
The market traders will soon be out. What a ‘bubble bath’; Get your SML Shares here. I’ll do you a ‘Crowded Space’ full for a quid. Come and get your shares before the ‘rats and mice’ is rolled one last time. I’ll sell you 250 for a ‘merry go round’
Bitcoin - Agreed, we don’t know what the SA Government requires, but why not give just a little more detail in the RNS. An extra sentence would suffice. For example if it is a consultation issue why not say something like ‘The SA Government requires some additional consultation to be undertaken with relevant parties which will take approximately 28 days to complete’
We’re now in Q1 and SML may have already responded to the Government, but nothing is ever very clear / concise and then we all start guessing / moaning. It’s about time we had a decent RNS. The last good one was about 3 years ago!
We’re 4 months on from when the PEPR was submitted in early September 2020. Even now there appears to be no rush to move the process along. The comment on the RNS was we’ll make our responses to the SA Government by 31 March 2021. Why not say we will submit our responses either as soon as possible or by 31 January 2021 at the latest. There appears to be no urgency whatsoever to move the LCCM project forward and the RNS demonstrates little excitement at the prospect of a significant 2nd income stream.
Perhaps securing finance is proving to be more difficult than we thought?? DYOR
Fira - you’ve happily conceded that you’re not the most positive poster on here. However, you appear to be hinting at the potential of Redmoor?
Here’s your chance to explain yourself and outline your position / views on the Juggernaut. Please humour us and show us the ‘positive Fira’.
Buildanestegg
My finger in the air Mcap estimate is as follows:
15% of the £96m NPV for Parys Mountain = £14m
Labrador Mine @ circa £7m
Sweden a nominal value of £2m
Which gives a total of circa £23m. So, I accept that there’s some scope to increase from the current Mcap of £16m. I also agree that LIM could come up with something big if it recommences iron ore operations etc.
Please don’t see me as a de-ramper as I genuinely want AYM to succeed. I was merely making the point that I don’t see it as a multi bagger anymore. The SP might go up to 15p or beyond, but equally I wouldn’t be surprised if it retraced to 5p.
If you put the last two months to one side, the SP has been below 5p for about the last 8 years. I admit though that the Labrador project does provide some optimism.
AIMO. DYOR
Mutely - Agreed, if those 7.5p options are realised before 30/6/21 we’ll all be very happy indeed.
I suppose a realistic but decent SP target might be where we were at in May 2017. The SP then peaked at 3.6p but we now have circa double the amount of shares in issue, so a reasonable target SP for this year could be 1.8p which is a 4 bagger from here. Great news if you’re just joining the party and perfectly acceptable to anyone (like me) stranded at above 1p.
Let’s hope that 2021 is the ‘transformational’ year for SML that we’ve been promised! GLA
DVH - don’t run for the exit too quickly!
The problem with AYM is that some posters on here (me included) live not that far away and Parys Mountain is tangible and we can get emotionally attached. We wear our Rose tinted spectacles and think that Parys Mountain is the ‘bees Knees’ and must happen, not least for the jobs and the significant boost it would give to the local economy etc.
The problem is that only x number of mining projects start each year and it’s a global business / market place. SW may give us his opinion on how Parys Mountain stacks up compared to other pending projects in the global market. However, I would assume that there are more economically lucrative projects out there than Parys Mountain and unfortunately those projects will get the funding.
I would suggest that the £100m start up costs are the least of our problems. But, there are likely to be other projects in ‘far flung’ destinations around the world, which may have lower labour costs, lower mining costs, better metal grades, a more positive IRR and NPV and a longer lifespan?? It all comes down to costs vs profit!
All in my own opinion. Good luck all. DYOR
Brent you imply that we are now at bargain prices at an SP of 7p (Mcap circa £15m). I agree it was a bargain price at 1p in April and was also still a bargain at below 2p for the rest of the summer, but I don’t think it’s a bargain now. For me, the revised PEA was not fundamentally different from the 2017 study and for a project with a lifespan of 10 to 12 years, the payback period should be quicker than the 5 years stated in the report.
I think fair value is probably within a Mcap range of circa £12m to £25m and at £15m currently we’re right in the middle of that range. As we know, AIM is driven more on sentiment than fundamentals.
I don’t see this share as a short term multi bagger anymore. It might re-trace to double digits, but it would be a brave investor to average up.
We might get lucky with LIM or Sweden, which might help to fund the Feasibility Study, but nothing happens very quickly here.
Brent - you were ‘locked in’ here for 9 years. What would your message be to people who bought in at 10p or above yesterday morning? Would it be:
- Get out now and cut your losses;
- Hope for 10p again in the coming weeks and exit asap;
- Sit tight, 10p is just the start!
All in my own opinion. DYOR
In respect of payback periods, SW told us all straight on the 20th December:
“There's no hard and fast rule that it has to be x years, but if AYM comes back with 4 years again, its pretty safe to say, Parys Mtn will remain dormant.”