Member Info for troutisout

I would assume that JP has been conducting the negotiations with potential partners and at the time he held inside information but PW didn't. It could easily have been PW didn't want to be inside as he wanted to buy after the Interims and so was kept out of the loop.

Anyone else think that the same people that were clamouring for an RNS are the same ones slating it, it's almost like they needed something to use against the Company.
I would rather the Company took their time and got things right, than went full on into a nightmare where problems start to appear as production ramps up.

My two takes outs from the RNS is they have identified the fines problem and have a method to rectify it (that will have taken the time and cost that has people moaning).
The PEPR is ready to submit and there is usually a 3 month timeframe from lodgement to approval.
They state that soon after the approvals come in restart would have a very short lead in time.
So my read is they have identified the problems and risks and have come to a plan to restart the MoL plant, it includes working the closer deposits at Paltridge North and Rosmann East but comes with an additional set up cost to mitigate the fines and higher strip waste ratio.
They seem to have been diligent in their work and have hopefully identified and mitigated the risks, putting the project on a far better footing than before.
Happy with that and don't see funding as a problem and am pleased to see that restart hasn't been pushed back as far as I had thought.

Buying any share with Zorbas and Hogan involved is even higher risk........

Stockdale, with the comments about JP and the BoD, why do you think a podcast will be beneficial, you are assuming the people saying they don't trust the BoD and pointing out past ill judged comments will suddenly believe them now???
It seems you just need to reassure yourself the market can get things wrong at the top and the bottom, the MMs will be able to adjust pre opening on any good news so they are happy to pick up shares down here and play with the price. It also gives some a chance to buy at these prices, I can't at the moment, but that doesn't mean I don't want others having the chance to. The SP will react when it is ready, these times are where long term holders' nerves are tested. You either hold or sell up and for those that can buy some more.....
This Company has some very promising assets and they aren't going away and the prices for copper are starting to show a turnaround from previous drops.

and sorry I wouldn't want to leave out Gorsuch, as his was the original post that started the amusement....

Toze, Thanks for making me laugh on a wet, miserable day....

Fira,
Another broad comment from yourself that tinges on the negative, but we all invested before the feasibility study and a lot of us at much higher prices so, not sure that it will affect new investors. Afterall we have the whole of Leigh Creek (the feasibility study is for just a part of the Project), Cobre bringing in revenue and Redmoor with it's good grades of Sn equivalent, the SP is also on it's Rs. I am sure that there would be new investors willing to invest on that before any FS, however we are in a period of flux, with Brexit, US-China trade war and possible recession in Europe all affecting many share prices and therefore there isn't the fresh money churning round the market.-
The state of play here means that a positive 7am RNS will see the SP leap and no chance for those that have sold out or those waiting on the sidelines to jump aboard at these low prices. The MMs will have made all the money, that is what happens in periods like this, they drag down the price and those that sell drag down the morale......
If there were more negative reasons for the drop, I think more would have sold, but I think most are waiting it out, knowing the projects are still there.....

Stockdale,
You seem to say that JP hasn't visited LC or been in contact with the Management there, which seems ludicrous as he is currently working on finance arrangements for LC, but also because he is CEO and this project is his 'dance card'. Earlier this year there was a sea change with investor relations, this I believe was down to comments made about private email exchanges and also some holders having totally unrealistic opinions on newsflow that was released (djryan was an arch ramper on newsflow). We had also been through a period of lots of drilling and testing at two projects so newsflow was frequent. Since then the Company has remained far more tip lipped and just convey information through RNSs when they have to. I blame holders and posters for that as much as the Management (holders got great newsflow, podcast, interviews meets at the pub which is far more than other companies do, yes some of the enthusiastic commentary has proven to be misguided from JP, but the optimistic interpretations by posters and their demands for more and more positive commentary have also affected the situation).
We will get an RNS on Leigh Creek when the feasibility study is complete, when permits are granted or there is something on a financing agreement (whether an off take agreement or JV). Some of the above may rely on others happening first, but anything else is unlikely to happen regards LC. So be patient or sell out and move on, the copper isn't going anywhere it is still in the ground....

Toze, and that is example of someone looking to read into things to suit their own book.....

I said since I became a holder here. There were many clear and positive RNSs that saw a sell off afterwards. There is definitely a larger element of trading going on here than people believe. It is quite clear the ambiguity read into RNSs at the same time as others sold out and they are now the ones reading different things into company statements. It is also quite clear that most of the ambiguity comes from posters views and not the RNS themselves, as we see daily now, it is very easy to argue black is white, white is black, we have politicians, media doing so, and the distrust goes down to all levels of the public. So claims from djryan, yourself and others are easy to make, not substantiated and done so to further their financial or reputational gains from positions taken......

I really don't think they need to update us, until they have something to material to update us on.
I honestly feel that those that keep asking for them are playing a game. Since becoming a holder here SML RNSs have been met with selling and a negative SP, when the majority of them were positive steps forward.
I cannot see how any RNS will impact the SP positively unless it contains major positive news and if that isn't there yet then they should not release anything. Mainly because holders, non holders and posters seem to read so many different things into updates to suit their book.
Sit back and wait for the news once it has happened and stop trying to get it prematurely....

If your faith is that blown then you may as well sell now and save the wait....It is quite clear JP is negotiating with third parties at the moment and therefore probably can't buy shares as he is 'inside', but if some shallow investors need hm to buy shares to keep hold of there's, then so be it.

Ah the BlackHopper, only thing more attractive at the moment is the SML bargain price........

So can you now see what I was saying? When everyone is all cosy with their platitudes and optimistic guesses, the derampers set up for their next assault. The Cobre Q3 result was actually at the top end of the poll, but look what has happened since, a full on barrage for the usual suspects.
AIM is a wonderful place, very different companies, but the same antics from the market players.

aandi,
I thought Paltridge North was close to the processing plant and the plan was to mine there and deposit the waste into the Rosmann East pit, but after testing that they found copper near the surface and therefore will now mine Rosmann East first as the copper ore was easier to get to. Then Paltridge North would be mined and the plant (that was going to be moved after PN worked, will stay where it is for a longer period because of the extra deposits at RE). This was going to reduce the costs and allow mining from both deposits with the processing plant nearby (Rosmann East was initially going to be used to dump the waste and then they found more copper beneath the original workings, that was why they were able to increase the asset value on a bargain basis in the accounts).

You assume he is not inside on any info and unable to buy at this time.

Thanks dvh, but why are you deducting the $375k? It has now been recognised and is part of the sales figure for that quarter.

dvh,
Interested to see where you got that Cobre was making £120k profit from? Weren't corporate overheads $297k last RNS? Sales this quarter were $1,130k.
From my previous figures from RNSs and the cash figure given in the RNS today, they look to have spent nearly $1.5m this quarter, so it looks like LC investment is still going strong.

Slurm, I hope your post wasn't aimed at me as the negative brigade are on another thread. Cobre tonnage was was good this month and if this is the start of an upward trend then that will be great. there is no reason that this isn't the start of an upward trend as they look to find more clients to take magnetite from them.

Slurm the forfeited amounts are included $375k for this quarter sales figure and $750 in the 12 month sales figure. There will be no more of these recognitions, as the 3rd one was never paid.