Member Info for TarryBreeks

You are quite right Brigglet, wrong link. Peter Whale does still have 24 active directorships but Peter Wale has 3. My mistake - terribly sorry - wonder if my post influenced any of the 5 trades today - well there was a 3.5 million buy just after my post so doesn't look like it.

You are of course correct, I wouldn't want to mislead potential investors. I wouldn't want to do a placing specifically to raise funds for Redmoor purchase and then spend the funds on Leigh Creek and have to raise for Redmoor purchase again - that would knock confidence I'm sure. I'd also not want to mislead investors that there was a tsunami of cash coming from Leigh Creek when it's not producing yet and doesn't look likely this year - even then will require significant additional investment. I'd also not want state, in an interview and RNS that there was a "letter of intent" for Cobre's 'major client' and that $4.065m would be deposited in 2 weeks (https://www.lse.co.uk/rns/SML/cobre-client-update-09umgfwrcso6kim.html) (when it seems to have just been a few text messages from a convicted fraudster). I wouldn't want to do that. I'd also not want to mislead investors that we'd done our due diligence on Leigh Creek when actually we'd just used the sellers notes.

So - hopefully that clears it up.

Hello Slurm, I didn't mention dilution nor draw any comparison between PEPRs. My post was about the attentiveness (or otherwise given their other commitments) of our board of directors.

Perhaps you were intending to direct your questions towards @troutisout?

However since you asked I think it's perfectly legitimate to vent on here given we were denied access to the BOD at an AGM, have witnessed shares in issue significantly inflated (dilution), share price fall from 2p to 0.4 and the money which had been raised to pay for Redmoor sunk into non-producing Leigh Creek. Of course with that series of events you would expect the BOD to tighten their belts and instead they awarded themselves bonuses. So it may be boring to you but I feel it's perfectly legitimate to discuss on an SML discussion board.

Of course if the BOD feel uncomfortable about the whole situation they could return their bonuses until Leigh Creek is producing as they promised it would be in 2019.

What you have to remember is that this is just a part time gig for these guys. Peter Whale is has 24 ACTIVE directorships: https://beta.companieshouse.gov.uk/officers/XzWmAMumqP0gd_wUkWPPHay0byo/appointments.

Alan Broome has 10 chairmanships/directorships listed on linkedIn (https://www.linkedin.com/in/alan-broome-am-i-eng-f-ausimm-faicd-ficme-fimmm-cfinstd-6248637a/) and 15 here: https://www.marketscreener.com/business-leaders/Alan-John-Broome-077Y74-E/biography/ yet even if you just take the 10 from LinkedIn that's surely spreading yourself a bit thin.

In summary I think it's fair to say it is impossible for these two to have SML as their top priority when their attention is split between so many other organisations.

John Peters doesn't seem to have any other listed interests so his attention should be 100% SML however I'd really like to see that focus delivering more than just words because there has been a lot of over promising (juggernaut, tsunami of cash etc) and under delivering of late.

We are fortunate Cobre is cash accretive but Leigh Creek has failed, thus far, to deliver and it's now imperative the PEPR is approved and we can seek a joint venture partner ASAP. I haven't been filled with confidence with the Brenda transcripts or bonusgate so lets hope that John and Alan can live up to their self professed skillsets and deliver some much needed positive newsflow.

I think that transaction must be Alan Broome's dotcom, with the 200 share / 77p trade he's doubling his shareholding.

Difficult to take any more shares obone, difficult to take any more of holding shares in SML altogether or both obone?

Amazing how trades amounting to 3 million or so in a company with 1.7 billion shares in issue (equivalent of 0.17% of shares in issue) can move the share price 6%.

I dunno dotcom, folks are starting to pile in here - that last trade of 105.75 is off the chart. Can't wait to see how this opens up in the morning: word of our BOD dream team must be getting out.

It's now 4 trades dotcom, I'm sat here on the edge of my seat I've never been so excited. It's like I can feel a tsunami of cash on the way. Bring on the Boom! Show us the money. Unleash the juggernaut!!!!!!!

P.s. can someone text Brenda as I'm sure she wouldn't want to miss out.

JD - there's not a lot of love for the BOD right now and they certainly don't deserve any. Sneering justification of their self awarded bonus saw to that. They didn't even manage to submit a complete PEPR application for the only asset (Leigh Creek) that has any near term potential to get the share price back up to LTH averages.

What, exactly, is John Peters doing (apart from texting Brenda) all day every day to justify $500k? Not as much of a problem if we were doing well but there are now double the shares in issue from when I first invested and the share price is less than 1/4 of the price it was 18 months ago.

It's the BODs duty to protect the share price and shareholder value. If they're concerned they could return their bonus and/or buy some shares but will they?? Doesn't look likely does it.

We spent hundreds of thousands of dollars on Arbitration which was supposedly the cheap option and genuinely looks like we'll be lucky to get our legal fees back. All to save face or perhaps generate a headline?

Potential is all well and good but it doesn't (or shouldn't) pay bonuses.

Enjoy the sunshine :)

I'd give the bod a cereal rating of Waitrose cornflakes out of ten. Same as Aldi cornflakes but you pay more and get less.

Anyway as you say Prop focus on the positives: we have a first, nay WORLD class BOD (particularly Alan Broome - he's amazing), deftly navigating the BOD to riches abound. This time next year Rodney.

Fira, I think you're forgetting one key element. We have assembled the finest group of financial, mining and market minds in modern history. I would urge you to watch the Q&A again and drink in the opening curriculum vitae of Alan Broome. It's hard not to be impressed. Awestruck even. In fact I find myself just watching it on repeat it's just so impressive. Is there a Nobel prize for mining because Alan definitely deserves it.

I've been too busy Prop, I've peeled a tattie for every text message John sent Brenda and now I've got a tsunami of mash.

Do you know, I'm actually not sure who is more super intelligent and overall amazingly stupendous. Alan Broome or DJRyan. Fortunately we have both of them to throw us imbeciles nuggets of their awe inspiring wisdom. DJ has more positions in SML than the Hokey Kokey.

Lol dotcom. V good point DV, I don't think Alan has got his toy drone out yet to survey Leigh Creek. We ask get John to text him.

Wonder if Alan Broome will arrange the JV for Redmoor or Leigh Creek. He is an expert at everything so probably will be. He negotiated an excellent deal for New Age, a brilliant deal for Brenda and some outstanding DD for Leigh Creek so here's hoping. I think that's what the bonus must have been for; other than just being all round adroit at everything.

Hah, not just the legal bill Futures but we've not seen JPs phone bill yet for all those texts to Brenda!

Perhaps Alan Broome could buy some shares and demonstrate some commitment, he hardly owns any shares right now.

Tomorrow is the start of another week with over half the year gone it appears we're unlikely to get anything from the major client and have spent hundreds of thousands of dollars just to find that out. What a debacle.

Leigh Creek requires further details before a license can be granted, which is very frustrating considering how much time and money has been spent there already. You would think they could at least get the information together given how critical LC is to any form of near term recovery here. What are these guys doing to justify such remuneration? Routine or not given its importance surely it's not too much to ask to get a PEPR application complete, they've certainly had enough time FFS.

No contrition about bonuses which have directly led to dilution as the coffers were drained for arbitration, bonuses, Redmoor purchase and Leigh Creek leeching experiments is disappointing.

So how are the bod going to turn this around and restore some trust and shareholder value? Leigh Creek may be the best thing since sliced bread a tsunami of cash in the making but frankly right now it's just another on-hold project that's cost us all significant shareholder value.

Over to you John, no more mistakes please.

Hi nairbs,

Similar story here, I bought in at various prices that I won't bore everyone by mentioning.

What attracted me and re-enforced the SML story was the 10p options the bod set themselves (ambitious from 3p but seemed achievable), Redmoor AKA the juggernaut, then along came Leigh Creek AKA the 'tsunami of cash' and let's not forget the jewel in the crown: Brenda the major Cobre client.

Really though the main draw was that SML was headed up by internationally renowned mining guru Alan Broome and financially endowed business wizard John Peters. I mean that was the main reason I invested. What I really wanted was to find a way of just giving AB & JP my hard earned money. I had thought about keeping it but much better for these boys to carry it off in the bags you mentioned.

I wonder how that conversation would go Slurm?

Alan Broome: "Should we limit our bonuses like Slurm suggested guys?"
John Peters: lol
Alan Broome: lol
Peter Whale: lol

If they want some respect they must return the bonuses until they've actually earned them.