Member Info for Slurm

Totally agree, SML needs to get to indicated to be marketable, having cash sitting in a bank account is little benefit compared to investing available cash in the business

I spose it depends on if the spends were one offs or not, $500k cash is ok for a company SML's size is my belief

I guess some people would have preferred the cash balance grow rather then spending it towards Redmoor,

Caused the sudden uptick in interest last thu/fri? no news that i can see yet the volume was around 10x more than usual, 4 days before was the PW news, but i dont think that caused the volume rise 4 days later, anyone?

I agree fundamentals look positive and still undervalued given the upsides, but what caused the sudden interest?

Between the NI employer hike and the CGT change they have lost loads, companies and their rich leaders leaving UK compounding it further this govt is really in a fiscal daydream thats turning into a nightmare, old Rachel from accounts just does not have a clue.

@prop - no, but im sure the vultures will start circling as the impact of China's move to block dual use tungsten exports kicks in, i actually hope they reverse their block on tungsten recycling to really put the boot in.

Yep and with all the stockpiling of weaponry currently being budgeted for the future for tungsten that is outside Russia/China/NK is quite strong.

Ok, just short of $67 per tonne

Which is clearly, wrong, lol

So my maths says SML are selling at around $15k per tonne

Not sure, but smls sales are under contract, so its not clear, you could work out and approximate from the sales to revenue

I assumed it was trouts buy, as its the only trade delayed by 2hrs.

Yes but there is enough inferred to start looking for move to indicated, the re-assaying will add interest i guess is the hope

Totally agree, but i can see a world where big manufacturers fight over supply for Tungsten and will start investing huge sums in the lower parts of their supply chains just to ensure continuity of supply and these sorts of business machines usually get what they want past weak govts

Why you think that?

Prop really good summary of tungsten and the market forces you posted the other day, i knew most of the fact, but its framed quite well. recommend all listen to it

Dont get me started, net zero really gets my goat, we need oil/gas, yet we shouldnt take it out of the ground as thats bad for the environment, but for some reason its ok to buy off Norway, that is possibly taking it from the same underground reserves we could.

This country needs strong leadership and a purpose

70k tonnes of magnetite sales over last year and possibly a bit more this current 12 months, hiring new vacancies i think you have misunderstood the figures, whilst the cash balance only went up $500k in the last 6months figures, show me another small cap miner with an operation covering costs and leaving a profit.

BPat, how many small market cap miners do you know that even make a profit????

for once im ok to say that profit appears fine, liabilities paid off and the future looks rosy with a revenue source and 2 assets fully owned.

It does depend on sales which are hugely up in the last figures RNS, if that keeps going ten good profit, but no where near enough for Redmoor to be developed, it was always the plan to dilute the holding of Redmoor for investment which is why they bought it outright.

Hella lot of activity, 2+2 = leaky ship RNS tomorrow maybe...???