George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It can be done - Panthera Resources has today raised about £13m against a current Mcap of about £12m. The problem with SML is that there is always an if or a but or another river to cross! Even if we get a positive RNS stating funding details, there will be ifs/buts and strings attached - nothing is straight forward with SML.
IMO good luck all.
Almost one year on from the PEPR submission, How about a musical montage for a Monday morning:
We’ve had our ‘Hard days nights’ and ‘Sledgehammer’ blows over the last 2 years, but Once The ‘Blockbuster’ (Sweet) RNS is delivered we will all say it ‘Feels like Heaven’ - (Fiction Factory)! - Sweet dreams are made of this.
Note to our illustrious BOD - We know that ‘#You’re still standing’, but we want to see the ‘Sunshine after the rain’.
Does anyone have any communication with the BOD. Can they ask is anything happening anytime soon??????
The silence is deafening and the missed deadlines and the over promise / under deliver is dreadful !
More tea vicar????
Did I miss the early August update we were promised?
Also, we were told production in Qtr3 at LCCM - how likely is that now?
Don’t listen to Fira at your peril - most of what he has said has been right!
Multiple missed deadlines and promises from our illustrious BOD??????
The buy signal appears to be in!
We don’t know if an RNS has been logged.
Once LCCM is funded it will be classed as an asset with a net NPV of at least £30m even taking off the loan debt to be paid and will be written into the accounts as appropriate. Then add in the current Mcap for Cobre alone of £7m + then Redmoor especially if sentiment returns and also drill targets in the massive exploration licence we have got in SA then £50m+ Mcap is possible in the short term with a fair wind! IMO
GLA
It was early in September 2020 that we were told about the imminent PEPR submission which was communicated to us as a straightforward exercise which would be completed in a matter of weeks. Now, 10 months on, we will receive another update on the PEPR and funding sometime next month!
Oh yes, almost forgot that the PEPR was first talked about in November 2019, but was put on hold because of Australia Day at the end of January 2020?
Amateur, unprofessional, half baked truths, poor communication, over promising and under delivering; all of these have been demonstrated. Now as for adding shareholder value - don’t think so, with the SP currently 75% down on the 1.8p from two years ago. If like me, you have an average above 1p you’ll also probably be very angry. IMO
Exploration hype might be the only way to get the SP moving. We’ve seen the GGP 200 bagger from 0.17 to a high of 34p.
However, SML have previously said that Gold is not their thing and several tenements were sold at a loss. Why we ever said that is beyond me? as the whole world wants gold exploration targets. Anyway, we’ve changed our minds so many times already and the goalposts have moved multiple times, so nothing would surprise me if for example exploring for Gold was back on the agenda! Good luck all. IMO
Lots of back slapping and talk of dividends at the AGM 2 years ago. What has happened since?
The SP has nosedived and is now approximately 75% lower.
We’ve spent an unreported amount on LCCM but likely to be in excess of £1m and yet we now need a further £5m to restart. Very little progress on Redmoor in the last two years.
Also, the BOD have communicated very infrequently with half truths and have continued to over promise and under deliver. Even the latest RNS more of less says we are still in target for production in Q3. Fira has ploughed a lone (negative) furrow on this Board but he has been right every time.
Dear BOD we need action and we need it now! You need to quickly deliver value for your very disgruntled shareholders. You presented SP projections of 5.5p, 7.5p and 10p. We are currently at 0.40p - why has that happened?
Bubble - You say funding might come along sooner than we think - well I do hope you’re right, because we ain’t seen much happening for the last two years. One of the other posters also says £6m can be raised in 20 minutes - lol. I do hope you’re both right and my scepticism is wrong!
Lucky you that you have £50k to invest in the 0.3p’s. Unfortunately many of the LTH’s here have averages of over 1p and some of us want out.
JP told us his brother sold out at 2p a couple of years ago; wish I had done that!!!
Not seen any Director buys here for months