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SML Strategic Minerals Plc

0.225
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Strategic Minerals Investors - SML

Strategic Minerals Investors - SML

Share Name Share Symbol Market Stock Type
Strategic Minerals Plc SML London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.225 08:00:14
Open Price Low Price High Price Close Price Previous Close
0.225 0.209 0.225 0.225 0.225
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 08/2/2024 13:37 by slingerman
A lot of investors sell on news buy on rumour I dont know why.Wish I had funds to buy on the traders tree shake the drop in price was a bargain.. watch the sharks buying...
Posted at 19/7/2022 09:04 by livewireplus
Well it was about £8,750 worth that the MD has stuck his hand in his own pocket for ( todays Director Dealing RNS )
Posted at 01/7/2022 15:44 by iceagefarmer
good interview,shame investors here lose their bottle
Posted at 21/4/2022 08:04 by troutisout
What that they have renewed a lease for exploration and believe the current metal price rises means it is more valuable, even though they twice caveat about rising mining costs.
The reality is they had to renew the contract soon, for any sort of development to continue and there is still a long, long way to go before they actually start to mine anything and a huge amount to raise to do so. Hopefully this means they now have enough forward confidence to push on with more proving up which may attract a better partner/investor to develop the project.
Posted at 28/1/2022 11:52 by troutisout
tomboyb,
Unfortunately the BoD have not managed to drive their projects forward, they have failed dismally in their dealings with Brenda and were defrauded. They haven't been truthful with investors and have taken large remuneration for treading water.
So there is a massive trust issue with them.
Then there is the fact that Redmoor requires lots of finance to get it anywhere near up and running and a quick look back to see what SML paid for 50% of the project not that long ago, will tell you that valuations can be rather different in what investors think and what is reality.
The BoD were hoping for revenues from Leigh Creek to push Redmoor forward, this hasn't been the case as delays have been continuously pushing back any PEPR and re-start of the mine down there (they still haven't actually proved the process down there will work and extract Cu, their previous attempt failed and produced just 5 tonnes of Copper Cement).
So it is a huge risk, but one which could have a good reward, however the dilution over the past couple of years has washed many investors out (at one point I held over 2% of the SML shares, which at the time with their 50% ownership of Redmoor, I had over 1% of the project and felt like Poldark). I cannot see them being able to stop the dilution happening again, their attempts at getting finace for Leigh Creek have gone from pillar to post and they still haven't got anything, Redmoor requires far larger sums and the current BoD have not proved themselves of being capable of delivering anything there, in fact they have lost staff from the project as it sits there doing little or nothing.
Best case scenario (after getting a new BoD) is a sale of Redmoor for a few million and let someone else drive it forward and concentrate on Leigh Creek, however that still needs to be given approval and prove they can mine commercial amounts of Copper Cement.
Good Luck....
Posted at 28/1/2022 11:25 by tomboyb
I remember our BOD saying about 2 years ago that our Redmoor project was further advanced and potentially as good a resource as the (Strongbow) South Crofty project. So, what I genuinely can’t way up now is why is CUSN (formerly Strongbow) market cap at £75m and yet the SML Mcap remains at a lowly £7m?
Any suggestions or ideas?
Are we massively undervalued and overdue a re-rate?
Would be nice to see some of the CUSN investors buying a few SML shares!

I've got a few SML and hold CUSN -

My stake in CUSN was bigger, but at around 30p had to take a slice off -
Posted at 06/12/2021 20:20 by iceagefarmer
I remember our BOD saying about 2 years ago that our Redmoor project was further advanced and potentially as good a resource as the (Strongbow) South Crofty project. So, what I genuinely can’t way up now is why is CUSN (formerly Strongbow) market cap at £75m and yet the SML Mcap remains at a lowly £7m?
Any suggestions or ideas?
Are we massively undervalued and overdue a re-rate?
Would be nice to see some of the CUSN investors buying a few SML shares!
Posted at 04/8/2021 07:45 by hyper al
If lucky, I think SMG currently may get just over a third third of the $22m back, as i assume the payout will be proportioned. Is that how the money is divided in these circumstances? I don't have a clue, but would be interested to know.

" It is estimated that investors are still owed approximately $60 million in principal. "
Posted at 13/7/2020 11:36 by sleveen
Copper price rise making LLCM funding more likely.

Investors looking to the future?
Posted at 05/5/2019 18:38 by meanreverter
Proactive Investors interview:

[aitch]ttps://www.proactiveinvestors.co.uk/companies/stocktube/13222/strategic-minerals-kicks-off-first-sales-from-leigh-creek-in-australia-13222.html

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