Member Info for troutisout

So we have a Company that brings in revenues from a project that keeps the wheels turning, that has two decent prospective mining areas in Australia and UK. These projects are prospective for metals that will be in great demand in the future decades. Drilling has confirmed some good grades of metal and decent resource bases with plenty of other potential areas to increase the resource.
We have a Coronavirus that is spreading across the World, it is a new virus so no-one will have built up immunity to it, that is the main difference to the seasonal flu viruses that come round each year (the mortality rate appears similar). This is not a great prospect for the World and it's economies are likely to falter. But and it is a big but, which companies will be affected the most - tourism, aviation, shipping, manufacturing, producing miners, retail and hospitality/entertainment industries will be worst hit. Some companies will benefit. Many though should not be overly affected.
I believe SML is one of those. A global downturn will affect producing miners far more than it will those that are just sitting on resources. In fact it could lead to some mines being mothballed, closed early, in which case that will reduce production when this is over.
What is for sure, is this Coronavirus will pass, whether it is contained or is more widespread it will do it's thing and then we will move on. Global warming, renewable energy, electric vehicles, new battery technologies will all still move forward. Demand will still be there for Copper, Tin, Tungsten, etc.
We bemoan not having LCCM up and running, perhaps it will turn out a blessing in disguise.....

It took a while but the threesome all made it onto the board today, what a surprise.....

dvharrison,
You mention the price drop over 6 weeks, but how about 8 weeks ago when you were trying to load up at below 0.6p and 3 months ago when the price hit 0.5p.
The price has dropped since the New Year as it spiked up towards the quarterly Cobre Sales RNS , dropped as soon as that was released (no change there with the traders we have here). It moved back up to fill the gap and then started back down to where it started the rise from (around 0.6p), it was steady there until the panic in the markets this week with Coronavirus and the MMs have dutifully moved it down with the rest of the market.
Not sure the last 6 weeks fall can be any different from the previous few weeks rise, which was also on no news.

Not sure we need an update on any of the above, cash position gets reported alongside Cobre sales every quarter (far better than most companies update cash position to PIs), arbitration will happen when it happens they can't report on anything if there is nothing new, PEPR submission, we were told would go in after Australia day and as we have had no RNS to say different then it did, the Company expect it to tale about 3 months, I think it could be less than that, but until it it is finalised by the regulatory body the Company cannot preempt anything. What is going to happen to Redmoor final payment, we have been told that NAE would be flexible and I could see a deal thrashed out that extends the timeline for extra interest on the debt. Last time they gave a plan it went wrong and they got pilloried so I don't expect them to give anything but a basic plan with very little detail, which of course will allow some to keep nipping away at it and encourage negativity...

Prop, why feed him the oxygen???

I believe if you starve a fire of oxygen is goes out, so why do we feed our fira the oxygen he so desperately desires to stir up this BB?

If you think the freaky, fira and djryan posts and the subsequent responses are a good thing, then you are missing the Modus Operandi of them and what they are doing at the moment.
Freaky and Fira have decided to ramp up the deramping and managed to get loads of sellers and a price drop, djryan has just jumped on the bandwagon as the bid is finally below his selling price so he can claim he got it right.
I would rather there was no posts here and people stopped letting others play them on the BBs, concentrate on the Company.

Slurm,
Not sure what you mean by 'copper too far from plant'?
My understanding was they always intended to move the processing plant to Lyndhurst/Lorna Doone after the heap leach. The heap leach process hasn't worked well due to the make up of the heaps. They have identified the problem and know what to do to mitigate this.
However since the earlier plans results of Rosmann East show copper under the surface of this pit and in mineable quantities, so they are keeping the plant where it is, not far from RE and Paltridge North. Rosmann East was original planned to be a dump for spoil from Paltridge North and heap leach and now it has shown mre copper below previously mined levels it can produce in it's own right.
The PEPR will be the 7th (I think) version and previous ones have touched on the area but not Rosmann East as a mining plot, the previous PEPRs were for the move to Lyndhurst and Lorna Doone, which will now happen later.
I think this approach is sensible as the plant does not need moving (and the original plan would have had it moved twice) but they need to square off the paperwork first. The costs for start up were always going to be there, plant and machinery is needed and some of that is now beefed up to provide a greater throughput of material.
There are a few characters on here that come along and post their 'worries' and manage to scare some out, others are well over their comfort zone and so also go from bullish to woeful quicker than a dj called Ryan.
Patience is a really long word (even if it is only 8 letters long), we can all be rewarded for our patience but at the same time do our own research to make sure we are happy with our investment, when doing so, I suggest people deal with facts and not opinions of others (as seems prevalent on this BB).

We got charged £500 to issue an RNS for another AIM company, but there will be other costs as the RNS gets drafted and checked by Nomad and legals.
My view is that DVH buys more shares and enjoyed the small rise (indeed it put him over his breakeven point), but since then has been more and more calling for newsflow. However the Company has changed and will not release news for the sake of some of their shareholders' needs, it didn't work and we had 18 months of every RNS seeing a sell off.
Have some patience, they will be working on all fronts and will announce anything when it has been confirmed.

"Why average down on profit?"
Well maybe because you didn't sell the last 10%, only your fault, but one we all seem to have to bear.....

Fira,
I know it is blue Monday and you are the master of melancholy, but if what you post about your investment here is true, you could sell your current holding for zero and still be in profit. So why the act or are you not being truthful about your previous trading?

"I got in april17 at 1.73 on the spike, got 90% out at 2.60,"

Can you leave it with the clamour for an update, let them update when they have something that has happened to update on.
Updates for updates sake just result in negatives......

This is the 7th revision and the latest up to the one they are looking to submit shortly, I have read the two previous ones as well, all available to read.

https://sarigbasis.pir.sa.gov.au/WebtopEw/ws/samref/sarig1/image/DDD/PEPR4046727.pdf

Has anyone looked at the last PEPR issued for Leigh Creek, it is available on the web. That didn't take 3 months and covered the areas around the heaps, etc. This isn't a completely new one as much of the information has been collated, presented and accepted before.....
Problem is if JP gives himself a little leeway you all want it quicker, he can't win! Say what you want to hear and risk upsetting everyone if delayed, add a little buffer in the timeline and you all want it earlier...

Well the MMs need to get shot of 11m shares from the Duncans, they will quite happily sell them on to the dead cat bounce merchants or whoever they try and leave the shares with, no one will want them come delist, so play a game of chicken if you want.......

https://business.financialpost.com/business-trends/can-copper-be-the-metal-of-the-future-with-large-deficits

'effect'

DVH,
Rollovers have to be timed within 3 minutes of each other, the other thing is the price, you wouldn't get a rollover with the convoluted extra decimal (the ten thousandth of a penny).
The sells prior to the first trade were above that level and the second one had buys going through at higher for much lower volume. Which makes me think they were both sells. As for affect on the price, they did see the trading spread drop, but after yesterday's trades the MMs were short of stock, so they will be happy to take some back.
The recent 1m trades although within 3 minutes of each other, look like a separate sell and buy, again due to the prices being too convoluted.

Looking at the other traded prices around those two trades, I suspect they are actually both sells.
Trout.

Fira,
No I don't remember those days, I wasn't in this then.
Still hasn't stopped you deramping ever since, not sure why you need to post so much on here if you are so pessimistic, take your loss (offset by your previous gain) and invest somewhere you think will appreciate in value.