Member Info for Slurm

Nah its fine, more a FYI, not exactly big news IMO and likely they just want to show things are still moving, albeit slowly......

indeed, couldn't resist.....but, glad this is done, possibly a clause on a parties agreement to JV/loan......

Would be nice to see the MC reach the level it was in 2017, couple of pieces of good news and this could run...

@justdandy I would say SMG as an entirty is hard to value due to no control over licence, that said SMG have signed an extension yet this still has a clause to remove SMG at a months notice, yet SMG seem to have a very good relationship with the mine owners, turnover last year was $2.6mil
LC is another difficult asset due to its unproven history, if it start producing copper reliably then it could be a very strong asset, but until then its only worth what someone would pay for it(and it dont seem to have much interest)
Redmoor , again another difficult to value asset due to it requiring significant investment to start producing, yet this ground historically and the work undertaken is considered rich in resources.

Dont mean to sound negative, that was fira's job, but this has to go down in history as the slowest [cntrl+c} and then [cntl+v] in history...........

Doubt it given that was a whole 15 days of govt.

I dont believe SML do, just mining rights, and not even for all metals if my memory is correct

I thought i read somewhere that JP said it wont be before xmas.....anyone else?

I dont think ilovesushi has done his homework, he took a quick look at the fundamentals and made a guess.

A few lay offs and this company could turn itself around.

ive been calling out a drastic cut in costs for ages, it is unbelievable that they have carried on as normal.

Not sure deceiving is the right word, but they do seem to be coming over a disingenuous towards their investors as time passes.

Lets be clear, they should not get anything and should be keeping all costs for SML to a MINIMUM.

Once they deliver then they can get some form of reward.

Theres not enough with the current overheads, more possible if SML had cut costs ages ago...

And i think that price will be smashed next year

In my mind, the BoDs' should be cutting costs to absolute minimum and biding time for a strong copper rise to make it all more attractive.

They are good at biding their time, but have seen nothing about cost cutting

This is an unmitigated disaster, any other business you would be dismissed/paid off, or if a civil servant promoted.

We were patient 2yr ago, this is now beyond a joke, message to the Board "either make progress or leave to let someone else do better"

TBF they also likely couldnt tell you they were about to dilute as that would break market conditions

This is a story to check out, refers to mt Weld, one of the many tenements SML bought out then wrote off for some tax breaks...
https://www.msn.com/en-gb/news/world/china-s-rare-earth-metals-monopoly-could-be-coming-to-an-end/ar-AA13EiVV?ocid=entnewsntp&pc=U531&cvid=7abd6ce136d647f09ca0777f510e11e8

might get a little tickle, but not much, and certainly not enough to commence LCCM

I was referring to getting low offers.

i dont think the price of copper was the main issue, its more about the economic outlook, a lot of investment has been shelved just to keep cash flow positive, as copper rises and sentiment changes there is a good chance this will get investment.

With that said i cant help thinking the BoDs are playing hard ball at the moment until "Brenda's money" is resolved in the hope they get enough to undertake a slow start themselves.

its doesnt cost per RNS from what i know, its all part of the AIM listing, anyone know better?