Member Info for Slurm

currently it does feel like there's a bit of misrepresentation there dotcom

some chunky buys, maybe a waft of good news has been smelt?

no, SML are owed a few mil for fulfilment of the contract

It does appear, and JP feel free to correct me, but their planning to is to twiddle their thumbs and hope brenda gives them something to work with, awful planning.

Appears they are doing the same sort of thing at redmoor, just hoping someone will throw them a bone.

JP as someone that has always supported SML and the BoD can you please give us an update on what is going on - or what you plan to do, if you cant improve things then you MUST reduce costs.

as JP is a contractor maybe he should reduce his hours claimed.

There doesnt appear that much going on the justify JP, PW and AB claiming such high remuneration in these hard times.

i do wonder that if SML cant get LCCM off the ground whats the point in holding Redmoor, its like Tesco's land policy of the 90's which was buy up land so no one else can develop it with no intention of developing it yourself.

It is getting a bit rediculous right now, why are they not cutting costs if they cant make more profit, its a simple equation either make more money or reduce costs, I dont understand why nothing has happened here.

Either there is a big piece of news coming, or the board need a huge kick up backside.

I have previously not been a fan of the share holders getting together, but we "only" need to get around 10% of holders to be taken seriously.

in all my trading history I have never seen such quietness from the board during such a low SP from a company that had such high regard and good profit.

@shangra, exactly what i was thinking, they always go for the low hanging fruit

Well its working then, so why would he need to check with his dealer?

Dont mention AA here they have a history of buy outs and take overs./....

I think DRASTIC measures to reduce costs MUST be implemented ASAP.

Way to high a wage bill for such a small turnover and MC.

JP make the hard decisions now please

Fira, A JV will likely include a % of the asset or Profit, as SML dot give it away, yes the JV will be the cash cow. That is how it works in the main

fira, just give it a rest, im not sure what you are trying to achieve but it is very repetitive.

Talking about dilution is the complete opposite to ramping.
As i said a bit down, nothing new here.

Im sure JP is well aware that he either needs to reduce costs or make some progress on LCCM.

The only thing which I find a bit odd but that i already knew about was the 20% rise in the sale of the magnetite price, I am surprised this has been done at a fixed price in the past.

Was any of the info in the RNS new to people? no, we knew sales would be slight down, we know costs for everything are up, anything new is in flux and will be RNS'd if worthy.

MM's playing the profit game here IMO

So an honest RNS and people still complain, glad im not running SML.

i dont think the current copper price will have any bearing on SML selling copper, as we know SML are 6mnths away from having and thats once they start, i do think Copper will be higher by then.

Lithium does have quite a few years left if there is no disruption, but if lithium supply is disrupted, then alternatives will be driven through, whether thats metal fuel cells or alternative material batteries we will find out.

It's looking more and more like lithium will be replaced, niobium and tungsten batteries are being made already and improvements will make them even better. It's exactly what the EV market needs

Nyobolt has created a new battery that requires Tungsten, whilst it aims to start to produce over 1 million batteries over the next year, it will later move into car batteries, and is going to set up a materials manufacturing plant in the UK.

Nyobolt just raised £50mil investment.

An exciting further use for Tungsten and their batteries can charge to 90% in 5mins and have a longer life so if this takes off, tungsten will be very sort after.