Member Info for troutisout

Be interesting to see how they word them, after the charade in the last lot. I will be watching out to see if they do keep the deferred payments in or not. If they take them out it will show a big drop, if they keep them in they will fudge the current situation.
Look out for the quarterly figures and go back through previous releases to see if they have changed anything. Last quarter's figures were the worst in 5 periods, so they need to do better. The money raised for the renewal of equipment at Cobre may mean they have had problems with the old equipment.
Don't expect to see the figures until end of next week as they tend to come just before middle of the month after the period in question.

Think about why that might be, no good tipping to your clients to see the price rising away from you, got to let them in.....

LOL, the last we heard of the PEPR was when JP said in an interview that the SA Authorities would soon be supplying feedback to the Company to respond to, from there on we don't know where they are, but history suggests it may be down to the Company rather that the SA Authorities. I am sure the SA Govt are busy with PEPR applications but this delayed process has been very much down to the Company as it has gone on....

Much like holding SML shares over the last year or so, far worse performance but PIs still support JP et al?
Amazing how one can hold a political view and be so right, but when holding a stock that judgement wanes...
No PEPR before the New Year as predicted by some, I wonder if Australia Day will effect timings this year? Seemed to make such a difference last year they delayed the submission until after, what a load of claptrap that was and yet we all bought it...It eventually got submitted in May....

Strange two trades for exact amount as yesterday's ones printed today at bottom of the spread this time, no deletion trades have appeared so both sets seem to stand???

Lupi seems to have gone Loopy since buying back in....

Lupi, that is not a rollover. A rollover is when someone sells a position not yet settled and opens a new position with new settlement date.
The broker will sell the position and buy it back with a longer settlement date.

Lupi, what are you on about? The rollover was at 12.35hrs, absolutely nothing to do with the price monitoring after the 2pm auction.
Brokers don't need stock to do a rollover as they sell and buy the same shares, it's easy money for them, no risk.
Reason rollovers are done at the top of the spread is to maximise the sell price (if they are rolling over a T position they might have bought higher and don't want to pay too much difference), a rollover at the lower end of the spread would have got nearly £5k less.
Bed and ISAs/SIPPs tend to be the opposite at the lower end of the spread to get the sell at the lowest price and return the least money (taxable) and the lower buy price into the ISA or SIPP (tax wrapper).

Still not received yet.

Sammy, I have a distrust of figures from the Company as they have previously been dodgy.
What I will say though is caveat emptor, the report was done by the company that mined LCCM in 2012 and again in 2019, not sure they can be totally independent. They also say that they are changing to a sub contractor mining system and this will increase working capital costs but reduce capex. However the figure you quote of $1.5/lb in that report is exactly the same as the previous one in 2019. So they have managed to bring down the capex figure by this new subcontractor mining idea but they haven't increased the production costs (they claim there are savings from what they have learnt from previous production??).
So I wouldn't take those figures to be realistic, not least because when in a mining boom, subcontractors become more scarce as work becomes bountiful and so costs will rise.
We also need to remember that the profits from Paltridge North are going to go to fund the development of Lorna Doone and Lynda areas, so it will be quite a few years before decent profits are hived off the projects, as I see many changes along the way that could reduce income or increase costs... I do suspect we see a complete change of mining process when the heap leach doesn't work as well as thought (hints in that last report), this will kick the can down the road again.
Sorry to be so down on this, but that is only through experience here and the red flags that have become apparent along the way....

Lupi, I have put on record here that I don't think we will see the PEPR before 2021 and I am afraid to say to expect production in Q1 2021 is wildly optimistic (just look at JP's last interview and the terminology in RNSs regarding LCCM production start)

Sammybow,
Didn't JP tell us that they were expecting the SA authorities to ask for feedback about now which the Company would have to organise and reply to, before they could continue with the process?
The link you talk about is not really relevant to this situation, SML has had previous PEPRs approved within 3/4months before, but this one seems different, they have changed the way they submitted it three times now, why is this one so difficult???

But they aren't going to pay that are they?

Lupi,
I think LSE has got MUST value wrong, I believe it is one tenth of that, they seem to have a larger figure of shares in issue, there are only 8.4m shares, not 84m.
As a clean shell lots of traders in hoping for a quick turn by year end.
It would be a travesty for SML to have hamstrung itself buying out AB's Company's share of Redmoor to then sell it to another of his Companies...
Unfortunately I could see some shenanigans go on with MUST, a huge red flag!

Lupi, I thought it was ex div today? Trevor Brown sold some yesterday cum dividend and a bundle today ex dividend.

Too many people chasing rainbows here with their exit strategy thoughts, he could remain CEO for a few years and build the Company up into a much larger entity with regular dividends. He will make sure he gets maximum value from the asset.
I get what people are saying about the SGS facility but why would that bemuse us? He knows we all believe that to be the obvious target. I just wonder whether there is another option (Government based?). I think everyone would assume the SGS facility, so the bemused comment is odd....

Whichever way they price it, whether it's a cash or share offer, 75% of the shareholders have to accept it, for it to go ahead. If the deal doesn't seem good to holders it won't get voted through....

It's been happening for many weeks now though.

Not sure you have got much right there, certainly these weren't elderly patients they were NHS staff, question is who is making people with severe allergies take the vaccine, it has been discussed, but a lot was shut down as being anti vax speech. Strange Pfizer didn't have the same reactions with their much larger cohort in phase 3 trial....
"It came after two NHS workers had allergic reactions on Tuesday.
The two people had a reaction shortly after having the new jab, had treatment and are both fine now.
Both NHS workers have a history of serious allergies and carry adrenaline pens around with them."

The large trades at 0.65p are the buys from Chesterfield by the buyers in the Peterhouse introduced 'Placing'. Remember these buyers are buying from Chesterfield, unlike in a normal placing, where they have bought shares that have been newly issued by the Company.
They haven't received the monies from Wavertree nd West Derby yet hence the need for a raise.
I assume they have gone through this route for two reasons, they may have reached the limit of how many shares they can issue this year (with the placing and then the warrants being exercised), so this way Chesterfield have given them an interest free loan now, sold shares to investors to cover this loan and will convert the loan back into shares after the next AGM.