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SUP, SUPERIOR LAKE RESOURCES LIMITED
blacksheep
post Posted: Aug 9 2019, 02:28 PM
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In Reply To: blacksheep's post @ Jul 9 2019, 02:53 PM

SP up 13.33% @ 1.7c - volume 1.3mil.

Last cash flow indicates they held- $1.6m in kitty with $1.8m estimated outflows, with some proceeds from recent CR received in current quarter which gave a cash balance as at 3 july of $4.1m of which they'll probably have half in kitty at the end of this quarter.

They took a bunch of stakeholders/investors on a site trip last month, so stands to reason further funds required in the not too distant future. Will need the SP to go a little higher first, no doubt

Forgot to mention - BWEquities bought out a "research note" with a target of 6.5c - a sure sign another CR on the horizon and also who is undertaking

https://gallery.mailchimp.com/b7e7c318ec8f2...ties_290719.pdf
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 9 2019, 02:53 PM
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In Reply To: nipper's post @ Jul 9 2019, 01:36 PM

QUOTE
but what do they mine? - ah, nothing yet; perhaps, one day


Haha - the problem might be that these tenements were already mined some time ago - see previous page where I posted some research on the previous owners/miners. According to that data Winston Lake was shut back in 1998 due to it being uneconomic/largely mined out and the other project, Pick Lake, due to geotechnical issues.

Question is - can the new owners magically overcome these issues. I'm guessing the market currently is not convinced they can. Will be interesting to watch



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jul 9 2019, 01:36 PM
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In Reply To: blacksheep's post @ Jul 9 2019, 11:44 AM

but what do they mine?
QUOTE
Superior Lake Resources Limited (SUP, Ishine International Resources Limited) is an Australian exploration company. The principal continuing activity of the Company during the financial year was the exploration of mineral prospects

ah, nothing yet; perhaps, one day, " the Company’s Superior Lake Zinc Project in Ontario, Canada."



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jul 9 2019, 11:44 AM
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ISH is SUP - share code hasn't been updated.

Ilwella Pty Ltd has become a substantial holder of SP with 5.32%.- https://www.asx.com.au/asxpdf/20190709/pdf/...h9y4qq78x4w.pdf Holds 57.5mil share - cash consideration only $389k - petty cash for him no doubt

Ilwella is majority owned by mining (particularly coal - White Energy and Felix Resources. and buyer along with fellow coal baron Trevor St Baker of the Vales Pt coal fired power plant from the NSW govt for $1m which is said to be now worth$730m) and property investor Brian Flannery.

SP currently 1.9c - no trades today, little interest on the buy side - zinc prices still an issue?
7 buyers for 802k shares
24 sellers for 4.5mil shares

Last week's ann
QUOTE
Bankable Feasibility Study, Financing and Concentrate Offtake Update
Highlights
• The Bankable Feasibility Study is drawing to a conclusion with no red flags identified to date
• An Information Memorandum will be sent next week to financial institutions which have signed
Confidentially Agreements regarding project financing
o Financial institutions that have signed CAs include a strong mix of banks and resource funds
based both locally and abroad
• The Company continues to advance concentrate offtake discussions with indicative proposals
received from global metal traders
o The strong interest in the offtake highlights the quality of the concentrate with favourable
grades and minimal deleterious elements1




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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 10 2018, 10:28 PM
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In Reply To: JSB's post @ Oct 10 2018, 09:23 PM

Not a good look.

The repeated comments about getting taxloss "the little man" "liitle girl" into a house - demeaning - it had nothing to do with the debate that started out with "pros buying". Speaking of houses, we all know, through their instagram posts, K&K have bought a polo farm - Mingela. I wonder, however, if K&K know that another K - Kalamazoo Resources Limited KZR - have applied for the mining rights under their farm biggrin.gif KKK Karma

http://earthresources.vic.gov.au/earth-res....30576716576422
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
JSB
post Posted: Oct 10 2018, 09:23 PM
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In Reply To: blacksheep's post @ Oct 10 2018, 08:25 PM

Hah, i’m probably influenced by Musk’s Teflon like abilities to avoid the full repercussions of a wayward tweet in thinking that the same will apply for Kay.

https://twitter.com/taxlosstrades/status/10...5277048832?s=21

Probably sums it up best, although for Kay/Kumova to so publicly engage an anonymous account (regardless of pedigree, of which taxloss is undeniably a cut above), it’s probably not the best idea they’ve ever had.


Said 'Thanks' for this post: blacksheep  
 


blacksheep
post Posted: Oct 10 2018, 08:25 PM
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In Reply To: JSB's post @ Oct 10 2018, 08:04 PM

May not get entirely lost in twitter space, IMHO - taxloss has a bit of a following, including some of the AFR jurno's - also John Hempton (Bronte Capital) has been known to respond to some of his tweets. Word gets around. Like Elon's tweets, they have cost dearly. Only takes a hedge fund shorter to do a little sniffing and who knows what they come up with.

Gee, AFR could even do another article along the lines of previous ones ....

"How Twitter, social media boost small cap stocks"

"The lords of lithium, Twitter and social media's heart of darknesss"

Karma



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
JSB
post Posted: Oct 10 2018, 08:04 PM
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In Reply To: blacksheep's post @ Oct 10 2018, 06:35 PM

Pretty poor show of professionalism. It’ll probably get lost in the wash that is Twitter, but it doesn’t really scream ‘tier one’ when comments from an executive director are almost indistinguishable from the retail punters they pump specs to


Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Oct 10 2018, 06:35 PM
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In Reply To: blacksheep's post @ Jul 5 2018, 12:26 PM

QUOTE
Evan Cranston@EvanCranston - Love it when the trolls play the man and not the ball. ..........


I wonder how Evan Cranston feels about this post made by Benjamin Kay, Executive Director, Head of Sales, BW Equities - Lead Manager for SUP's recent CR, and other companies Cranston is involved with - http://bwequities.com.au/transactions

QUOTE
Benjamin Kay@bkay01
Replying to @taxlosstrades @KumovaTolga @bossivic
You should open an account !! We could make you enough money so you can stop renting that house and buy that car you’re leasing and leave your miserable life / wife behind... actually we can only open accounts for sophisticated investors .. I suppose that counts you out !! Best

11:18 PM - 9 Oct 2018


https://twitter.com/bkay01/status/1049906902698733568





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
blacksheep
post Posted: Jul 31 2018, 12:33 PM
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Posts: 6,130
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ISH is SUP - share code hasn't been updated.

Just had a look at their Qrtly Cash Flow - $1.3m in kitty at end June, with estimated outflows this quarter expected to be $875k.

They recently announced - "Fast tracking the Superior Lake Project Re-start Plan"

Expect another CR is on the cards in the not too distant future
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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