Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Another week passes by, another month passes by, another year passes by. I remember the dialogue at the last face to face AGM 3 years ago, “the deposit from the major client (CV investments) could land anytime”; - What a surprise that Brenda wanted to keep their identity a secret - lol. Will it be much the same at the AGM this year the Board might bring the date of the AGM forward - “The PEPR could land any day now”......
I think that there’s now maybe a realisation that we might not get the PEPR re-submission signed off.
In November 2019 we were told that the PEPR was a ‘straightforward paper exercise which takes a couple of months to complete’ but it wasn’t submitted at that stage because apparently ‘nothing much happens between November and Australia day’ at the end January! What a load of waffle / rubbish and half truths we have been told over the last few years.
The thing is, the demise in the SP & Mcap has largely unaffected the BOD financially as they’ve continued to draw down their salaries and bonuses for the past 3 years; whereas long term PI’s have seen their investment tumble in value and if like me anyone has an average above 1p then you’re up Leigh Creek without a paddle!
2017 saw a 3.5p share price which is 12 times higher than today’s SP. 2019 was our last face to face AGM with ‘back slapping’ and talk of dividends.
We’re now almost 3 years on from when we produced just 5 tonnes of Copper cement at LCCM and have been in care & maintenance ever since. Just a quick paper exercise to fill out the PEPR we were told. Very little communication from our BOD in the last 2 years. What will the next face to face AGM bring in 2/3 months time? Just remembered the Board have options at 1p which expire at the end of 2022, so we’re all ok aren’t we??? It’s a 4 bagger from here then?
I totally agree with Lupi we just need working capital to cover the first 3 to 6 months until the income comes in, which I would suggest is in the range of $1.5m to $3m so why go looking for $10m.
Prospecting can come later with the profits from production!
A recent RNS said the earliest Mining could start was March.
Now the latest RNS says mining this year subject to Finance and strangely no mention on the PEPR? Multiple deadlines have been missed and SP 40% down from 6 months ago so it’s not just long term holders who’ve been stung.
Never Ever risk anything on AIM that you can’t afford to lose. I heard all of the positive spin from our BOD and sunk all my life time savings in at between 1p and 2p. Much of my optimism was pinned on the SP projections (and BOD options) at 2.5p, 5.5p, 7.5p and 10p. Why wouldn’t you invest at 1.5p we these projections? Anyway nearly 3 years on I’m now 80% down with our current 0.30p SP. Have found myself in a very dark place these last few months. Anyone reading this now or in the future please only invest small and only invest what you can afford to lose! AIM is a jungle and only the very lucky or very skilled navigate a safe journey through it!
Top post from Southwesterner.
Outlining that very little has happened in the last 2 to 3 years.
Cobre does not pay generate enough profits for the whole company to remain profitable and annual capital raises are the norm. JP’s dates / predictions have been wrong time after time. Two years ago we were told that there’s no point in submitting the PEPR prior to Australia Day as nothing much happens in December or January. This time round we’re being told that the PEPR will be submitted in January and we’ll get a decision. GLA