Looks like we can expect the payment for Redmoor to be deferred again.... The joys of 2 cash-flow restricted coys working together.
"Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, wishes to inform the market that the payments of just over US$4 million, to be made by the major client at Cobre by 7th June 2019, referred to in the Company's announcement of 24th May 2019, have not, as yet, been received. The client has been keeping the Company informed of procedural delays to its funding lines and continues to indicate that payment is imminent. However, despite the client's assurances, the Company considers that it is in the best interests of shareholders to prepare a claim for service on the client, which is likely to seek damages in excess of the amounts due."
https://irs.nbtrader.co.uk/ir/StrategicMinerals/newsArticle.php?id=2807387&ST=SML
The easy sale option might become not-so-easy after all.
Ann: Redmoor Transaction Update/Change of Address, page-18
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