Member Info for stockdale

So, still no news. The SP hovering at 0.6p and could go either way. I know some would say that we can't be given any news if there's none to give but an update now could stop the downward trend. JP should have visited Leigh Creek and seen for himself with a one on one briefing from the management there. He could then update shareholders by RNS and / or podcast to stop the current decline. Now that it has reached 0.6p it would need to be a triple bagger to reach the 1.80p it had been just a few months ago before the Cobre client default and the Leigh Creek concerns.

Sammy, I believe Toze's point is a valid reason why people aren't piling in to SML. The SP is an absolute bargain but the possible issues (unconfirmed) at Leigh Creek and the previous main Cobre client default are weighing on investor opinion. We need an explanation from JP as soon as possible to restore confidence.

Someone top his glass up, please.

Glass half empty for you Mr. Triumph? Strange name by the way for a pessimist.

Indeed Fira. There are some nay sayers though. When the SP is down they tend to be believed as the evidence is in the SP as potential investors see it. It's all sentiment and psychology. The realities and facts are ignored for a while.

Thanks Surprised. Someone (Earl) there stating 'funding unclear'. It is clear: Cobre producing income. Leigh Creek starting up production. Redmoor funding RNSed with quarterly payments. First payment was paid early.

Leigh Creek needs some comms from the BoD but it has already produced some copper cement and just needs to be ramped up.

'Just making sure you are all careful'. How kind. That wasn't implied by calling the CEO 'an utter liar'.

Look at the facts:
1. Cobre producing income. Main client gone and being litigated against for $21million or so.
2. Leigh Creek starting up production and we're awaiting news, now late.
3. Redmoor now wholly owned but the payment screwed by the Cobre main client defaulting.
4. Hans Camp shelved, for now.

That's what we know. No major changes in the short to medium term of any of the projects. Hans Camp was always long term.

You reveal yourself aimofthegame. Referring to the CEO on a forum as 'an utter liar' tells us you're not looking to be reasonable in any conversation with us or with the CEO. I can therefore imagine how the conversation went.

Can't understand why the SP has dropped to this level frankly. Maybe some are bothered about Hans Camp being removed. It was a long time in the future in any case. Some appear to be bothered about Leigh Creek (dj) when there's no actual evidence of any problems, only supposition based on a lack of comms. Redmoor is wholly owned and the funding for that only went pear shaped when the Cobre main client defaulted. Cobre is still producing income, albeit a bit less. And all of that has lost over 1p on the SP? Really? That's a reduction in MCap of £16million or more.

Some fairly substantial sells at 0.6p. Some people must be desperate for some cash.

Bright PIs? Not on here. Their email address is on their website. You're welcome to write. I probably will as well at some point. Can't be bothered right now.

So little happening with SML we have to read about KRS here? The chart indicates SML should rise. The buyers out there don't seem to get the message though.

I don't think it was just down to Jure Leben TPT. If it was just him it would have been sorted when he left. There's a deeper problem in Slovenia. They find it easier to go along with the environmentalists and import Russian gas. It's too difficult for them to go with the local Petisovci gas. It's much more environmentally friendly being local gas, not needing long pipelines from Russia, and the most environmental of the fossil fuels and we still need them for instant energy use when the wind and solar aren't as available. But politically it's difficult for them with Russian influence to take the Russian gas.

It was and is the fault of the government. I don't 'stick up for' Colin and never have. He never knew how to deal with the government. We have to see if JB and LC do.

It's pointless pointing the finger at another person on this board. It's pathetic as another person here would not be a 'wing man' of Colin or any Director of this company. You just make yourself look stupid.

JB81, Quote me where I have 'defended Colin'. You can't can you?

Hysterical gets you no where JB81. By the way Colin has gone. Didn't you know?

Looking back at the SP SML hasn't been this low since February 2017 and earlier. A truly shocking state of affairs considering the projects the company has and how further forward it is now. Cobre is still making money. Leigh Creek is starting production. Redmoor is now wholly owned. Hans Camp is now out but wasn't happening for some time anyway. It's all gone very quiet on the comms front while the SP slowly sinks.

hulie, I deal with the facts. Opinion is interesting but it's not facts. They have the income to just keep going. They don't have the income to do anything. First they need other factors to fall in to place before deciding on what can be done. When they know something can be done then they can raise money to do it. You're too impatient. Understandable considering what has gone before but we can't 'just do stuff' now without a plan. You think I 'sit on the fence' just because I don't jump and down shouting to do something as you do.

An EGM would be premature. JB and LC are just getting going. An aggressive EGM to do over the BoD would not be helpful. I and many others have been in this for years. It's easy to lose patience. The SP is rock bottom and can only go up, unless the company de-lists and that won't happen as long as they're making money.

The conference call was cold and not very informative. You need to read the implications of what was said. Some just don't believe in the BoD as they are angry and just abuse them on here. They did say they were going forward with some progress looking at shallower levels, possible future interest in Croatia and pushing for the stimulation permits. It's all down to whether you believe them or not. Until there is evidence and facts we have to believe. Their jobs and reputation are on the line as well.