focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Nickel....to date the board have only raised to add shareholder value...I trust that if they were to raise again it would be with the same motive....the BOD own 7% of the stock after all.....parting shot from PW...'watch this space'.....
It all depends on your investment strategy I guess. I would rather wait for this BOD to deliver as they strategically build a business that operates in safe environments with the backing of local governments and communities producing metals that are only going to be in greater demand and price. Whilst the inability of the AIM to have the patience is annoying when looking at the current undervalued sp it does give investors with the required fortitude the opportunity to invest further at the current bargain price. Once the ducks have all lined up on the runway the sp will fly and there will be no holding it back.....all IMO DYOR. In the meantime I sleep easy knowing we are on the right path with a BOD aligned, invested with and working for the benefit of all shareholders.
Next news is Cobre....this could land at anytime...this will result in a change to the sp....JP is clearly having talks with them and we wait to hear the outcome. LC will be producing income in 3-4 months....they have taken more time to de-risk LC, learn from the previous mistakes made and ensure....sorry I'll use AB's word "guarantee" ....the most profitable outcome for shareholders when they finally reach 'full' production in Q1 of 2020. Revenues will grow during 2019 in the run up. The LC asset will continue to be expanded also. Then there is Redmoor..... a World Class Tin/Tungsten project. It appears we have everything building perfectly here...as shareholders all WE need is patience....
I was just about to say that Sammy:)
Morning blacksheep...yes JP had said in his previous interview that April marks the start of LC and that it will generate income which will increase when full production commences.....I think AB's comments were another reflection of the BOD's habit of undersell and over deliver......normal AIM practice is over sell and don't deliver at all!!
yes blacksheep ...interpretation...I like the word 'guarantee' though...you can only interpret that one way....!
In AB's interview he confirms the heap leaching will start next month and full production in 12 months.....the work they do next month will 'guarantee' the outcome in 12 months time....they have filled in the gaps from the previous attempts to make this project a commercial success and have spent significant time formulating the right plan....strong words from AB..who is a Metallurgist....
Off take in place just a stones throw away, where there also happens to be a port to ship the product globally.
The current price has been predicted to rise by about 30% in the next 3 years....where does that go....straight to your bottom line....like a model eating a Big Mac!! All IMO, DYOR, good luck everyone
On Leigh Creek Alan Broome says: ''The work that we've done ... it's given us a great deal of confidence that what we've got there is a very, very exciting copper project''.
''I think 2019 is going to be certainly the most exciting period in this company's history'', he adds.
8.10 on the timeline...1.7m sell just before the two 1m sells.....lots of buying though since
or should I say weak..... big sells again this morning.....Cobre...I think the markets wanting an update....extension of current deal, resumption of main client deliveries or they walk and we talk to new customers....the most imminent news that will affect the sp IMO. LC is all set out in front of us now so we just have to wait for that to develop.
Morning dvh..this is AIM we need some bad news to get the sp up....:)
Thanks Cornish...you continue to be a 'mine of information'....sorry someone had to say it :)
Have a great weekend SML'ers
Yes Cornish and there original calculations were based on a price of $6.1k.....once the production has started and the money starts rolling in then the sp can only go one way.
Regarding Redmoor am I right in thinking the PFS will be completed by/in Q3?
Spot on dvh....great RNS followed up by a great interview....good communication builds confidence, confidence builds trust and this BOD are building a substantial company for the benefit of all shareholders. Cobre.....discussions ongoing...whatever happens on that front the very worst case scenario is we can sell the magnetite that they have already paid for to someone else and with LC coming on stream as the second cash producing asset it removes our reliance on Cobre which is possibly why the sp seems to be under constant scrutiny, even though unlike most AIM miners we make money!!
Party....I can provide the live music...play in 3 bands....just tell me the venue!!
the thing with having money is it gives you choices...the more money you have the more choices you have....they will want to use it in the most advantageous way possible for shareholders and you have to think that an increased stake in Redmoor would be an aspiration. Dividends will come at some point I'm sure but maybe once Redmoor is in production...
Couldn't agree more dvh....clear, concise communication from the BOD....those numbers are mouth watering...LC set to considerably increase the profits....and based on a copper price of 6.1k which is already on the up.....maybe this is just all too good to be true for your average investor.....be interested to hear more on the technical side from AB when he's better...
I wonder if we'll see JP popping up on a video interview later today/tomorrow....another cracking RNS
Such a negative term......burn....like you're wasting money......we have a very shrewd BOD who have continually sought value for money...ours and theirs....I suggest you do some proper research Nickel on this share....it might surprise you to find out that SML isn't like your average AIM miner....are you invested? If not then you have a great opportunity here....DYOR all IMO
sooooo long to wait......AIM...I want to be rich next week...!! Patience is a word a lot of AIM 'investors' don't have in their vocabulary....or they have a different strategy than I do....rainbow chasers is a term that covers many on them....keep the faith....
market react........?
Trust.....a word that is essential in any relationship....personal or business...the thing is most of the BOD's on AIM you wouldn't trust as far as you could throw them....
Our BOD have shown continually that they are working for all shareholders....with 7% of the stock it's hardly a surprise...the only time they have gone to the market to raise has been to add shareholder value and LC is another example of this....with bells on!!
Communication is key for building and maintaining confidence with shareholders and I challenge anyone to find a better company than SML for this.
Next news is Cobre....this needs to fill the gap until the profits roll in from LC at the very least....for all the doom mongers that is.....whatever happens with the main client we are on track for 2 cash producing assets which is 2 more than most AIM miners.....then there's the juggernaut which is slowing gathering speed and adding more trailers every time they drill...it's officially a Road Train now.....all IMO DYOR....