What next???, page-17

Whether or not these character assassinations are true or not, whilst entertaining, is a complete indictment on the board for not putting out an update in over 2 months. Looks like some are having to entertain themselves in the absence of new information.. As @Nodferatu as rightly pointed out. The timing for bulk commodities has actually been quite favourable, so this makes any lack of information Re Lochinvar even more frustrating.

However, @moneybaggs, I say if you really have that sort of experience or clout, then you need to speak with the Non-Executive directors not the MD. Possibly Allan Broome or even the Strategic MD. Tell John Peters, the MD to buy us out lol.. Contact details below

(http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SML/13166808.html)

As the announcement rightly pointed out though we should be very close to Redmoor drilling results... Cash should be ~ 1.5m, (1.6m Mar Q- 432k Cash Burn June Q + 300K placement). So It's still on an EV of a nudge over 3m and even lower if we consider the Redmoor Cash (about 1-1.5m depending on drilling costs). So Let's call this still very undervalued on 3m EV. So with Redmoor and the valuation discount alone is the main reason I am here.. I still think we are worth at least 2c

PS this might have been posted before but I was obviously trying to search for updates, but this was all I found.. Apols if so
http://www.plymouthherald.co.uk/tes...ungsten-mine/story-30253359-detail/story.html
https://au.linkedin.com/company/cornwall-resources-limited