I think it’s pretty clear Failace has been planning to take the...

I think it’s pretty clear Failace has been planning to take the board since at least last October and Mclarty was set up re Drake insistence it be allowed to maintain its’ position in any capital raise.

Now what?

AEM ‘seems secure with good forward prospects at present…

SMN paid C$10m for it ,​

then C$4m for Eagle,​

then as at June quarterly; “Payments for Product Manufacturing and Operating Costs of $3.55m represent wholly owned subsidiary AEM’s expenditure allocated to manufacturing and operating” (C3.18m).​

So on that -most simplistic - formula based on its’ cost, not any potential, means it should be worth a minimum of C$18-20m or A22m of SMN’ current ~$50m market cap?

Maybe a fair bit more depending on how astute Brian Wall is
(But NB here that now deleted Drake pawn’s comment that Wall “will just blow with the wind”.

And the CVM tech?
It *has* to be worth something still, despite that it is no longer novel ?
And if the patents retain any useful UNIQUE aspects at all, the tech is surely worth money to expand the capabilities of a company already working strongly in the field with good operatives and solid finances?

But how much?

Just some thoughts,

cheers