Member Info for Slurm

I have created a fair few evidence packs for criminal courts in the UK, so I have a bit of experience, but US law is complex when it comes to litigation and financial claims.

Hopefully no delay and we will all soon find out more.

Fira,

I kind of agree, a lot of this will come down to the detail of the contract, the nuances of a contract can be huge.

That said the letter of intent wont help the client argument, I do however also think if they had to agree on arbitration why they did, looking at the options for the client it was a delayed court case(when sml could afford) or nothing as the alternatives. I think for them its a delay tactic and gives them a chance to see what an independent ruling would decide.

One minute they need loads of Magnetite, the next none, then possibly more than or equal to the original contract and then none again, WTF?? how can anyone run a business like that?

Im really confused by their actions

I don't think someone that could afford payments upfront and needing as much magnetite as they did, then intending on paying 4 mil upfront and coming back, if challenged couldn't pay a ruling figure, they might not wish to and continue to fight.

I think the ruling if it SML's favour will yield something at some point, but how much % against the ruling and when will be down to JP and his team.

I like a lot about this RNS, draft PEPR is done, it will be done as a JV, short development timescales.

All provides confidence and clarity imo

significant and the bigger it is the stronger a negotiating hand SML will have.

If its a large figure then negotiation can start on payment, a win sets a likely outcome from any potential court outcome, of course unless something new comes to light that may change the outcome.

Damages in line with impact to company and share price could be significant.

Fair post Tarry, I will add there is a possibility that the arbitration could be delayed, we just dont know if there was anyone caught out of comms or taken ill, it's less than likely but I would still call it out.

I would say a couple of mil in lost earnings and then damages for impact to company/SP and away we go.

They dont seem a small operation with the figures stated on the letter of intent.

Let's hope some good news soon.

JP did state there was strong demand for copper cement in the area.

why would the last operator of LC restock to heaps and not use them?

it did work at some point, just that the heaps are exhausted and the local copper has been mined to some extent. Theres copper and the pads did work, its just bringing the 2 together.

don't forget that there maybe a potential LC partner in the wind, that's the only other short term up imo

I don't know who they have in Aus onsite, but lets hope they have some good experience in copper heap recovery

I don't agree about dropping LC, coppers on the rise and we KNOW there is a lot there, just struggling to line perms and resource up.

I cant get on.

I had to check the charts....3years ago...wow seemed not that long ago...time flies huh?

you read my mind DVH

for trades and chat...LOL

fair point, it doesn't read the way I want it to, sorry, it was late.

But as you have stated the day after was 5m sells to 1m buys, that's over 2 days 5m more sells to buys. This was why I made the comment, normally 5mil one way moves the SP

Trout,
Ok I think I may have hurt your feelings with my effort to explain what DILUTION means, sorry if you have taken offence and feel the need to try and prove you are better than me, but and its a big but (bigger than Kims butt), you cant believe the colours of the sells, so to show you how wide of the mark you are I have taken a big days trade 4/5/20 from your selection,
you state, 3.9m buys to 860k sells,
its actually more like 1.41m buys to 3.37m sells.

I would honestly like to think your figures are right as it serves me well on my pretty large holding, but they are not, look at the spread and not the colours or the sells/buys "tag".

Sure, just like fira was....

Cumon JP get us some good news....possibly out of your hands a bit but pls?

Last few days there have been more sales than buys yet the SP is going up, more of a curiosity than either negative or positive statement

Trout, please reread your statement about share of value and see the mistake. Your share remains the same, there are not more shares, just the value is reduced.

I will give up now, it's not my job to correct you.

On another note I cant see what's holding the SP up with all the recent sales? It's nice but unless there are more buys soon this has to go down.

Gl all,