Member Info for stockdale

It is a repeat of the RNS. However RNS's have become less and less believable in recent years. It would seem we need journalist reports in local news to make it more believable. We still need to see the legal action happen and the end result after some months.

The local press have a history of releasing stuff that should be the prerogative of the company to release. It's all part of the legal problems that are prevalent in Slovenia. A country being part of the EU doesn't seem to mean it's bound by EU rules and legality.

Thanks TPT. As expected and as previously stated by Colin, but we need to see the action in court. Subsequently, if AST win we need to see the money. Even if we think we have a cast iron case the court result in 2016 shows it can be twisted even by the court to favour the Slovene government.

If the main Cobre client had paid their dues on time, or even a little late, the company would be in an excellent financial position. Could the company have seen that coming? I'm not sure they could and normally due payments are paid when due. If I hadn't paid my electric bill for three months the likely outcome would be I'd get cut off. It would seem some companies think it's alright not to pay their dues for three months or longer. What to do about it? JP generally seems pretty good at dealing with these situations. Let's see ...

The lack of confidence is entirely understandable. The market is waiting to see where JB is taking this. He's an oil and gas man, unlike Colin, and has a better grasp on what can be done without further permits and is getting to know what can be done about them as well. That takes time in getting to know the politics.

I would agree with jester in that the ball belongs to Slovenia and AST need to have an amicable relationship to progress.

The lack of an RNS is a concern as the main Cobre client should be paying the $4 million at some point, even after a delay. However I would put SML at the bottom of the helter- skelter as the SP has sunk to a very low level considering the income from other Cobre clients and the ramping up of Leigh Creek.

If the main client doesn't pay up very shortly then SML should be able to sell the magnetite on. Any contract should allow for that after a period of time and, since the money was due at the end of May, three months on is a reasonable period of time.

In any case the time that has passed must surely ensure a resolution to the issue one way or other within a short time scale from now. I don't believe JP will allow much longer.

JB is an oil and gas man. CH was an accountant.

So we're all supposed to be interested in your investment? Hmmm ....

Interesting post thelearner. You provide some speculation without evidence on something you don't post. You then say you're cancelling a fill order. If I were suspicious it looks like a psychological method to persuade others to sell. Now why would that be? Cobre is just a quarter of what this company is about. It's also a minor quarter as it is just the selling of magnetite tailings. However it is the current income source for SML. Leigh Creek is now up and running but needs to build to maximum income in early 2020.

Now is the time to buy at the current SP. There's no reason to cancel a fill order if you have the funds to fill it. You are unlikely to get a better price with Leigh Creek on the rise and Redmoor entirely owned by SML. It's cheap right now.

Give it a rest Brombard. You're sounding pompous.

Thanks Bothwell. I am careful not to be offensive in my posts and am interested in all viewpoints. Sometimes some people's posts get a bit unnecessarily strong as if they're looking for an argument. I'm happy to present an argument but not to have one.

Too many people giving personal investment advice with no knowledge of a poster (Sat 23:23, Sat 10:11, Fri 22:28). Having been away from the forum for nearly three weeks I received these rather blunt posts advising me how to invest and to avoid posting on here. Thank you for that. I shall decide how I shall invest and when to post. I come on here to see if there's any info from posters to check up on. Clearly the previous three weeks had produced nothing as the SP was stuck at the same value. However some here take offence at reality and prefer the rose tinted view. I believe others view the forum as well and not just the very few who appear to take offence at posts stating the reality.

Now there's a lovely bromance.

I believe the current SP is down to the usual AIM over reaction. It's clear to us here in the know that Cobre is still producing income, Leigh Creek is coming online and just needs to pick up speed with the chemical process taking time to reach peak rate early next year. Redmoor is clearly a very good resource just needing time to get going. I can only think the SP is due to short term selling while all gets going. Maybe there's better shares elsewhere. But I don't think there're many companies making money and those that are are already up in value.

SML has other income from Cobre. It has income starting already from Leigh Creek and building to early 2020. It has proven mining reserves at Redmoor and now owns it in it's entirety. I can't really see the need for the sudden collapse of the SP to below 1p. The market is often very cautious and right now it's too cautious. We're at a very good buy in price for a company with a clear and excellent future.

It could have been Icewine 2. There have been too many disappointments. I know I had my finger poised to sell at 2.95 when the SP had achieved 3p+ at some point. The subsequent fall with the failure, as seen by the market, to <1p made me annoyed for not selling, believing the hype that the SP would rise further.

Of course I understand it's difficult and all that. It's just very frustrating. Not just for me as it's clear the market is also frustrated. However the optimists try to make it the market is the actuality, and it's at <1p.

I can't understand those who just have a dig at others with no facts about them PerthOG.

There are some who believe Winx and Icewine 2 were not failures based on their research data capabilities. The market says they were failures. 3p just before Winx was stopped down to <1p after. In market terms that's a fail. We invest at a price in the market.

If the research argument were correct then the FO would be a roaring success. The current SP shows the market says otherwise. Dave needs to get the company's act together.

I've been away for nearly three weeks with little internet and come back to the same SP as when I went away. It's clearly not been interesting in the slightest, otherwise the SP would have risen with the expectation on the FO. The RNS hasn't altered the SP one bit, except for it to fall a little more. Dave needs to get his act together as the shareholders are clearly not impressed.

I've been away for nearly three weeks with little internet. Now we have the news expected at or before the end of August the market has shown no positive reaction at all. Very disappointing, to say the least. I presume this is because the news has yet to play out over a matter of months in to 2020?

Abusing JB like you do will get all of us no where.