Member Info for Slurm

NO FUNDING NEEDED, just time to work the results from the drilling program results, exciting times.

First prove up what you have, then shout about it, otherwise if falls on deaf ears.

give the relatively new board time and im sure we will look back at these days with the usual regret - "why didnt i buy more........."

I get what you are saying but, then every payment to the company is RNS'able? at what value do you consider it RNS'able? SMG likely receive bigger payments for Magnetite than that? they dont RNS them?

I am in agreement that failure to pay requires an RNS way more than a payment, a small payment for an extension in my mind does not require an RNS.

YEP. 82g per tonne i think was the highlight. over 50 is great, but yes the price,,.,,,i have quite a bit of physical silver that i bought over the last 1.5yrs, am very happy, more rise to come according to china and the shanghai exchange, may well open above £60per oz

Agreed a nice core bunch here, happy Xmas all.

Maybe even a sipp, as i cant seem to work out value, but its under £60k for tax reasons if it is a sipp transfer

They were from yesterday and i would lean towards the fact they were buys

Someone got in earlier than the norm.

Nah JP embellished whereas Charlie (to his friends) is very straight talking and factual

What a great opening statement....

"If this comes off, we'll be the largest tungsten miner outside China," said chairman Charles Manners

nothing more needed Charles...

Yeah, not much risk to this share now, (im still not convinced this was a risk, but its now gone).

Blue skies ahead, i reckon by may next year a lot more people will be wishing they had jumped in at this price when the full extent of the drilling is shared and this new money is being used to add further value to SMLs shareholders.

On another note. Silver up to £51.50 per oz.....

Great, the whole LCCM issue is closed, deferring the payment is perfectly acceptable as right now SML doesnt need the money, how can anyone even be slightly negative about this news?

Well done management team.

Totally agree bluegrass that presentation was very informative, i dont usually do thing live like that but was glad i did and they even picked my question.

I look at LCCM as a bonus, an accelerator if/when it happens, yes with that money the scope of works they can undertake is huge, my question was about the duchy's land and whats the plan, the LCCM money could make a huge difference there.

So much is lining up here at the right time its almost unbelievable.

Although i was told that the JP/PW & Warrants being sold as not an issue for investing, i will say brokers selling large amounts of shares tend to sell into good news to not effect their next sale by selling when there is an appetite for shares, so all the RNS that have happened recently have provided an opportunity to do so and as such have had an impact, but granted way less of an impact than on a non news day.

Its does look like a broker was doing this on behalf as the notification was on the same day for both yet the 3%'s were passed over 2 week apart.

Understanding this provides context about what happened and the future, it helped me not to worry about my holding.

I love it when people come in and have no clue about cobre and state how the finances wont last... geez, DYOR

SML have a revenue stream for around 2mil a year

Even if we ignore the price of tungsten, in itself it demonstrates the growing need for this metal. NOTHING in todays industry can be done without it, its strength, density and heat resistance is best in class.

I dont see anyone basing their investments on PW/JP sales, it was a discussion, who is basing their investment on this?

You talk about needing better investors, whats your definition? you yourself say you will be running if it drops to 0.7-0.8p, does that mean you only want other to take the risk? really confusing. i have been firm in this share from 0.15p to 3.5p down to 0.15p and to where we are today holding over 20mil.

I have never based my investments on others or worried about what other do, but surely it can be spoken about.

I have held this share of 10 years and not sold ANY.

To be fair if you are not a LTH then the selling of 7% of the company is very relevant as this will clearly effect the SP.

I would rather see scrutiny on what others are doing with the share portfolio than constant ramping/deramping cluttering the board

Its a educated guess based on the fact that PW crossed the 3% line back at 25/11 and JP 11/12 and the fact that you would disclose after you sales are done to maximise your price, this could be all or just a portion granted but it wouldnt make sense to disclose as you are selling.

You could also guess that a broker did this on their behalf as the the lodging of RNS's came together which is significant in itself, so they either have fully sold out or have "derisked" and are not selling anymore for the time being.

Smmy, no idea what you are talking about or the relevance of a LTH's sells? people sell people buy, some make profit some dont, some hold for a long while others dont.

Its very usual for large holder to sell reduce their holdings as the market cap of the company grows, i have not but then i only have slightly off 1%, im still nicely up, i have a figure where im likely to reconsider my holding, but i have also sat hugely down so im quite risk tolerant.

Most will say they didnt sell at (3.5p 2017) 1.8p as although this has slipped back the fundamentals of redmoor potentially offer so much more, i did state as the rise occurred about the 3 risks (warrants, directors and LTHs) i have mentioned again today, but honestly didnt expect them all to be actioned so quick together.

Of course hindsight is a wonderful thing and if this was all to happen again in exactly the same way, sure I would sell and then buy back.

Im not patting anyone on the back, if my views align with others then thats great. makes me feel more confident in my beliefs, and has to be said, trout has proved himself right quite a few times on this board.