Member Info for Slurm

Yeah that why I did an odd £3.5k I had in an account doing nothing, it hasn't made much of a change to my holding, but least I can kind of say I took advantage of the low price...

I bought a few more this morning also, and like you Prop I thought that was reason enough to make SML go down.

After the market closes I seem to lean to buy some more. I learned a long while ago not to worry about where the share price is on an entry. The question is, is there money to be made on the current buy price.

To that question I have to say yes. If I didn't think that I should be selling our and moving on.

Hehe I answer to most things so alien is a step up

If only I knew, I keep telling myself this is the low point and it can only go back up, but when it comes to AIM nothing is a sure thing.

it seems to be finding support at this depressing level I do have to say, but it only takes one big share holder to sell out and bring this down further no matter what the fundamentals are.

unsupported sells of around 5mil could bring this share down by 0.1.....

I'm fighting it....I keep telling myself I have more than enough already and I answer back that they are a bargain right now....

im not sure what you are getting at, its a heavy big product for its cost, meaning you need to have either good infrastructure/logistics or be close enough.

CAant really see what the board did wrong with the client other than mentioning the $4mil payment before recieved, the rest is just business, which can go wrong.

How should it have been done? even with hindsight cant see without being unreasonable what could of been changed.

Yes whilst there are numerous uses for magnetite , a its common and b its high mass for relatively low cost.

You know what, i always loved the story of the wind and then sun and who could get the mans coat off.

Maybe rather than a threat we could offer say 50% of what they forfeited back along as they bring their money upfront like the last offer.

More than one way to get what we need.

I would think an intent has no time linked expiry as such. It highlights SMLs direct financial loss and would be the basis for a claim.

I dont think threatening the client will have any gain, if JP thought this I'm sure he would have done so.

As for taking on the legal process it's about the money, SML have limited funds for their projects and dont need a further expense at this time.

If there a fair bit of demand on the copper cement you never know someone may pay for some upfront once they can prove production.

I also think a JV would be slightly negative, but it would safeguard the placing, and LC is big enough now to support a partial JV.

I just hope the leach pads are already or close to being full and ready to capture that coppery goodness.

Thx Fira, I do agree everything should be directed towards LC delivering soon, maybe JP should don a set of overalls and safety boots and muck in.

I would always prefer a steady climb to a Tsunami and yes some of the SP drop has been self inflicted, which is even more annoying, but i think in a few months time it will be a different picture.

I just dont get the letter of intent from the client and then nothing, its a very weird thing to do and the only outcome is SML's hand has been strengthened should this go down the legal route as this would set a base claim and then costs and losses due to the fulfilment of the payment....I am intrigued by this side of the client.

To me the fundamentals are still good, ok I give in to the fact that at the moment the SP is depressing.

Those terms were used by JP when he believed all the ducks were lining up to deliver good cash flow, LC was going to plan and the customer was a short term issue. Granted now those terms could be considered disingenuous, but I don't believe there was any intent just an excited MD.

The believed news is later than stated on the email, but that was and is the plan, just because it's not here yet (late) doesn't mean anything other than at present it's not been shared to the shareholders.

I'm not sure why you are flabbergasted, I get why the terms were used and I really don't care when I hear about the review because I know unless it includes a JV/nice surprise nothings going to really change. I have been in this share for 3-4 years what's a few weeks/months more. I know people don't like it but patience really is key.

I am sure a review is underway/completed but what level of detail is shared I don't know. It may include redundancies for some at cobra or care, if there are savings to be made.

Let's look at it like this:-

Cobre still contributing, maybe a little more than we think due to commodity prices.
LC will start to turnover in 6-12 months, granted it could be a little longer until we see it adding to cashflow.
Cobre customer may be back, have settled or are still under threat of litigation, if not sorted potentially they could also be liable for the reduced market cap as well as the contract fulfilment, to me this means any settlement would have to be good.
The downsides are a possible further placing if still no resolution, my hope is the SP is way higher due LC.
That's still way better than other aim miners.

So there's my warts and all perspective.

GL

Thats right mk.

Toze, the terms juggernaut and tsunami were from JP in his videos, an MD is allowed to use descriptive words/phrases whether applicable at this moment in time or not. Others are allowed to repeat/quote.

It's funny how the people negative about sml at the moment are the ones being personally rude to board members.

I notice Firas post about time of the month has been removed, guess there is a board policeman.

Anyway GL all

So now a sexist comment- who is showing their true colour today fira?

Wanna try racism too?

What are you agreeing about?

That I find calling someone who invested a tool wrong? then i am guilty- it wasn't a joke it was part of the talking down of this share that you share with fira.

I cant post after you or respond, where was that said?

The 2 of you seem to have the same agenda in my books and you can see why others talk about your " clan".

Even after I apologised you cant move on. Judge away of that's what makes you happy.

To me it just sums you up that anyone that doesn't agree with you is wrong, just a demonstration your thought process.
Calm my pants, what are you 5Yrs old?
Funny thing is I'm not buying anymore right now when I can as I have enough and dont wish to over expose, people have different risk appetites to you and me.

Saying something and then when called out about it saying it was a joke or to provoke a response is one of the reasons why this board has turned into a bickering playground.

Why does someone have to be a tool to invest now? it may be slightly more risky but then the price is a bargain.

To some £15k is play money, you have no idea about their situation, maybe in a few weeks/months they will be thinking you are the tool for not buying at such a good price.

Redmoor, it was a closed raising as it is cheaper and quicker, at the time it seemed the right thing to do.

Discount was needed to get people to invest quickly, not all board joined in. I dont think greed is a good way to describe it, I would say last minute.
It's all too easy to state they should have done something different. They tried to do a minimal raise with people that wernt going to sell for a quick buck.

Raises are rarely at full sp value.

Down the line a bit of good news prior to a possible raise may balance the SP to where it was.

It's all to easy to be negative and point out what should of happened after the event.

Everyone says DYOR before investing and anyone doing their own research may come here seeing so called lth's moaning about what was and should be and it may just put off new investors.

The only reason to decamp a share is if you want a lower price to buy in at, anything else is not logical.

I would think the 3 x $AUS300k is priority, even a placing for remainder is acceptable, but hopefully later when cobre is addressed and LC is selling copper, meaning the SP will be higher.....