Member Info for Slurm

I see cornish metals put out an RNS about having lots of Tin, bodes well for redmoor, even its just the increased focus.

Lol, thanks for your less than insightful post.

I think the MM's are pay attention and slowly lifting the ask.

I think it's a case of when the money is in the box....

Ref Oxford dictionary - bi-weekly (adjective)

done, produced, or occurring every two weeks or twice a week:

LOL twice a week now.... nice

Colline, i picked up something different from the interview, the missing customer has signed a contract for 30k tonnes across the year and the new customer has already started to take magnetite but is not yet under any contract, pay as you go if you will.

So i would expect your upper estimation to be the closest.

Also I would add that the BoD's have taken bonus's and money when times were better, the last bonus was agreed but not paid prior to brendagate, yes they could have refused it but unlikely.

They did also set options that in my mind were lofty & greedy but had they been hit i dont think anyone would have complained, clearly they never got these which demonstrates they didnt see the bad clouds closing in.

I hope this is a turnaround for both the company and BoD's....

I always feel them small either low or high trades are the MM's sending messages to each other, might be a conspiracy theory, but if you were to send a message you would want it to stick out....

in any case that trade is nothing to be concerned about

Lol @Prop, no. 6, heck i would buy some more if no.6 comes home.....

SML has an operation, Cobre that should turn over a minimum of $4mil per year, with a strong profit margin, SML also own the rights (100%) to Redmoor one of the leading undeveloped tungsten/tin mines and then LCCM which has lots of copper easy to get to just no funding to get this going, again 100% rights.

Its held back by confidence in management currently as otherwise this should be at least 3 x the Market cap. If they can deliver then this will fly, but and its a big but, a customer coming back and a new customer taking magnetite is not a management success just a happening and i think the market sees this, hence the undervalue.

Still I do think there is brighter future for SML and yes before anyone asks i did make a little top up today.

Watch the interview, and dont forget they have 5% shares each themselves

Yeah, not sure on where this is going in the very short term but it does look a lot better.

No placing at mo....which works for me....

Thanks,

So contract for old client and prospective client is already taking magnetite, but has no contract in place, so a big uplift in figures is expected, nice.

I would estimate $3-3.5 million with just the return of the absent customer, so if Cobre do get an additional customer they could be at $4-4.5mil.

This is only undervalued as investors want to see facts.i.e. increase in turnover

At the end of the day money was still made from Brenda, just that the management relied on revenue generated and when that evaporated they were over committed.

I doubt anything around the red sea would effect Cobre sales, magnetite is a very bulky product that results in local shipment only to do so otherwise is just not commercially viable

........just saying. overdue, let hope momentum can continue.

IKR, £150k...lol..

...hopefully something is a foot, its certainly about time.

Its diabolical really, from the start i wasnt a fan of SML buying LCCM, but and i say but, if JP had drastically cut costs at time of purchase i do feel like SML would have a copper producing mine parallel to the magnetite operation bringing in a nice revenue. This would have financed a lot of work on Redmoor and provided further options.

Complete mismanagement, relied on a Brenda without clearly doing much due diligence or KYC, its the relying bit that bothers me more than anything else.

Now we are in need of a finance agreement that a so called finance expert cant seem to land.

JP I wish you a happy xmas, but for christ sake pull your finger out or get out.

Ok I have more than 10, but think it should be less, anyway last time we used discord, but open to other ways.

I'm likely in but I want to understand what we are trying to achieve.