Member Info for Slurm

I would run a weeks detention if that didnt mean I would have to do something, Yes im lazy

Fira, please dont stir things up...ffs this isnt a school playground

Oh dear.....Hurtsy thats not good for you or anyone else.

I wish you would get it right.

Care got mothballed as there was no significant finds in the unsold tenements with the limited exploration/drilling undertaken and was written off to help with the tax bill at that time.
LCCM was bought 4 yrs ago (WTF) and had previously been "mothballed" a while prior to that due to the previous company/ies not making it work yet assay results are significant and since then copper price has flown up and should continue.
New mexico (Cobre) is profitable but due to the extensive wage bill for the execs supposedly running other projects it seem to not meet the total costs.
Redmoor could be huge but its gonna take money, work and time.
Brendagate wouldnt have been so bad if her chqs hadnt been counted on and seen as a bonus, it my reap something but who knows.
The bottom line is SML need to cut costs one way or another and the BoDs need to concentrate on SML or not get paid whilst they undertake other activities.

Ok hurtsy, I will spell out my last comment so you can understand it.

SML had a tax bill, SML had limited available cash, SML could offset the recent costs of exploration at CARE if they wrote off the venture. SML wrote off CARE and reduced their tax bill by claiming the costs against any revenue.

So yes i do know, the difference is I actually understand the practice.

Granted I am not sure how CARE could in theory be picked up again, i would assume 2 things,
A certain amount of time would need to pass
Possibly the offset tax would need to be repaid

In my mind its very likely some of those tenements would be mineral rich, some were sold off as they contained a reasonable amount of gold.

its pretty much agreed that CARE was sacrificed for a tax reasons, maybe that will get picked up again in better days....

Agreed, SML need to trim some costs and he should be at the top of the list. SML should be reducing costs and building up a fund.

As I own a good amount of shares I think its only right we should be given sight of their Job descriptions and what each of the execs/board are currently undertaking and what they have delivered over the last 2 years.

I think the assessment has likely been done and a yes granted, which maybe why its now with aboriginal affairs for the final consideration.

Or you can be out and angry...if u didnt get burnt please explain why you are so angry?

in my mind im, saying nothing from it, but if you read the other claimants no one is hugely more deserving of a payout than anyone. mostly all loss of earnings/damages

my thoughts too Prop.

You're like an angry ex girlfriend, your only reason for being here is anger....not healthy dude.

I dont read every post but like i said this shows movement and its positive....why feel the need to continue the negative diatribe....
on the few days the sun comes out, enjoy it, dont continue to moan about how the weather is always bad

Prop, agreed, why are the usual negative posters spoiling the good news, not only does this provide an SP rising asset now but also shows the the BoD's have been and are still working on things.

FFS its like a primary school here at times.

funny you mention RMM i bought as load last week after selling out at 33p a while back...time will tell if it was a good move...

This is part of the JV/Loan for LCCM, on its own its good news but not market changing, ducks are lining up (slowly)

possibly your worst call yet Hurtsy, currently i would think environmental considerations are low down on the list for most govts given the state of the world right now

I still think SML do have some good tenements in CARE but the financial pressures made sml write them off for tax rebates, it's very unlikely there's nothing mineable there IMO.

I bet JP was trying to get the Russians to buy in....lol

Hey Lupi, last time i bought 500l of kerosene it was £254, now its £809 - ouch.....the cheapest I bought it was at £122......and they moan about gas prices....