The latest Investing Matters Podcast episode with multi-award-winning fund manager and international bestselling author Lee Freeman-Shor has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If we have circa $2500T added to the bottom line at LCCM. Could we not just place 300000000 shares raise the $2.2m require and go it alone? Place at .425 which is the reduction and just get on with LCCM? Would we get enough interest? Is the dilution through placement on par with the loss to a JV? Would we gain more in a JV or lose more? Are we capable of going it alone after what the past couple of years have shown? I could take the hit to .425 if it means a bigger win in the shorter term due to production. One final dilution to finally get a second income stream and create the mythical shareholder value?
Lupi, I'd rather have a JV with a partner that knows what it is doing and can help us monitise LCCM. I just don't think our BoD has the skills to go it alone otherwise we'd be producing by now...
DVH, makes a good point, however JP said in a previous interview the JV could be for more than the start up costs with SML taking out some of their investment . I think (and this is from memory) he mentioned 50/50 JV would mean $7m to SML from JV partner.
If that happens that would be absurd, when the start up costs are $3.1m, we don't need to give away so much of LCCM if it really is such a good asset. There is still no proof it will produce at the levels stated in their studies.
DVH, makes a good point, however JP said in a previous interview the JV could be for more than the start up costs with SML taking out some of their investment . I think (and this is from memory) he mentioned 50/50 JV would mean $7m to SML from JV partner.
If that happens that would be absurd, when the start up costs are $3.1m, we don't need to give away so much of LCCM if it really is such a good asset. There is still no proof it will produce at the levels stated in their studies.
DVH, makes a good point, however JP said in a previous interview the JV could be for more than the start up costs with SML taking out some of their investment . I think (and this is from memory) he mentioned 50/50 JV would mean $7m to SML from JV partner.
If that happens that would be absurd, when the start up costs are $3.1m, we don't need to give away so much of LCCM if it really is such a good asset. There is still no proof it will produce at the levels stated in their studies.
Trout are you getting your currencies mixed? $3.1m/aud = $2.4m/usd (it was $2.2m/usd but the exchange rate hasn't been favorable. That is now about £1.7m where is was around £1.6m before.
morning Trout. morning Trout. morning trout. Just in case you wanted everything to be said in triplicate . what ever form the JV is. It is good to think we will eventually get to one after all this time. Still this is not unusual for long delays to happen in this primary sector. SML. still need to land this project in order to strengthen the companies potion & perhaps we'll get big potatoes as opposed to tiddlers.
patrick, I hope we don't have to rely on 'potions' and wizardry to move the company forward lol
Lupidog Today 08:14
Why not have a 1 for 4 rights issue at a 20% discount to the current share price? That would raise £2m ($2.8m) before costs.
That way LTH's etc would not be diluted by a placing to flippers. It would probably add huge value, as at present the market appears to be assuming the value of the resources will not be realised. Raising the money would not only remove the discount for that assumption, but it would enable the upside from the resource to come to shareholders too. Win win.
DVHarrison Today 08:19
A board like that at Cornish Metals Inc? Logic in trying to work together - savings in a number of different cost areas, perhaps processing, marketing, appeals to Cornwall Council/Government.
More relevant to Redmoor, but CUSN directors have huge experience as their CVs demonstrate.
https://cornishmetals.com/corporate/team/directors/
Fira, CUSN did fly for the recent placees of their AIM IPO at 7p / sh. they have been taking profits ever since! I think the TSXV holders are a bit miffed though.
Fira, CUSN is a case of waiting for them to spend the £8m on the drilling and hopefully come up with some good results. Any interest in the area could well rub off on SML and Redmoor in terms of somebody making an approach to JV Redmoor - I live in hope.