Strategic Minerals Share Discussion Threads

[yasx] 15/2/2016 19:31

SML appears to have an inkling about what is going on behind the scenes - given the current valuation, I wonder if there might be a bounce at a fraction of the current price when anyone short from much higher might wish to close before it hits a brick wall, or retail punters want to load up for a bit of excitement before the plug is pulled - or a combination of both.

The only value here is the listing, which is not worth much. I sense a placing soon.

[yasx] 15/2/2016 19:28

Irrespective of whether or not he is bitter, he has proven himself t be more or less right. Unlike the plums who were espousing the virtues of an investment here - the writing was on the wall when some months ago the Company released a second RNS in the afternoon to explain why the first had received an indifferent reception. I did warn readers back then but they just tried to bulldoze me out of the way.

[turbotrader2] 15/2/2016 17:21

Why are you so bitter?

[smlwebsite] 15/2/2016 15:49

At first I thought you were being a bit hard on John Peters but on reflection think you are correct. It takes real effort to fail on every project you try for but he has a 100% record so far.

[smlwebsite] 15/2/2016 14:21

I am fairly positive that SML had a max of $50,000 free cash at the end of 2015.

I am fairly positive that SML will not have sold more from Cobre than they did last year despite the strong hints of extra contracts just before the last placing.

I am not at all positive about why SML may be struck off the companies register in a couple of months. The letter from Companies House is dated tomorrow so perhaps will not be sent until then.

[turbotrader2] 15/2/2016 10:49

Does anyone have anything positive to say about this

[turbotrader2] 09/2/2016 14:48

This will turn

[smlwebsite] 09/2/2016 14:26

Trouble with SML is that they don’t have to issue any numbers until the end of June. Expect a cunningly worded update in the next couple of months.

On the plus side SML has now diversified away from its ‘commodity portfolio from the bulk materials sectors of coal and iron ore’, ie. producing 15,000 tonnes of magnetite a year from Cobre.

[smlwebsite] 09/2/2016 12:53

What assets?

My sympathies to long term holders. At some point someone else will buy into the company and use it as a shell so hopefully there may be some value created at some point.

[turbotrader2] 09/2/2016 12:29

This is less than asset value nowCrazy

[the stigologist] 09/2/2016 08:47

where did that muppet marab disappear to ?

[smlwebsite] 08/2/2016 20:40

The effect of quality management –

Since James Chisholm removed the last Board of Directors progress has been consistent.
In the first year the MC dropped 62% and the share price dropped 72%
In the second year the MC dropped 62% and the share price dropped 69%

Since James Chisholm put in his own management team the share price has dropped 91%, the number of shares in issue has gone up by 60%, and the MC has dropped from £8.6m to £1.25m despite having raised £2m over the period.

£1,000,000 worth of SML shares when James Chisholm got rid of the old BoD would now be worth £44,000 or £27,500 after share dilution





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[bean02] 05/2/2016 18:14

I bought ;-)

[turbotrader2] 05/2/2016 16:50

FenHow many?

[fenseal3] 05/2/2016 16:21

Held off as much as poss but cheaper shares else where, sold today GLA!!!!

[smlwebsite] 04/2/2016 20:10

So nearly two years after writing a report on the project, only SML wanted to get involved.
The report states that AUD$360,000 would be needed for the drilling and SML will be paying AUD$380,000 for 50% of CARE which in turn has a licence which allows them 90% ownership of nickel and other commodities found, but not any gold, silver or copper. hxxp://www.strategicminerals.net/strategic-minerals/images/stories/RAR-LAV-HC-Drilling-Proposal.pdf


If it took 9 months and $1m to get a sample of coal from Tatu – how long will it take to drill the new project. Even if the project looks viable where are SML going to get the cash to do anything with it? How much would it have cost to get further samples from Tatu to satisfy potential customers. A few inexpensive drill holes would have given all the information needed not to mention the fact that Tatu was a working mine for decades and detailed historical surveys have been done on the coal qualities over various seams in the area.

Does anyone really believe that the expense of a few drill holes stopped SML from clinching the Tatu deal? If you believe that you will believe that Michael Wong ceased being a director of SML for the sole reason that he was to busy elsewhere.

On the plus side SML has now diversified away from its ‘commodity portfolio from the bulk materials sectors of coal and iron ore’, ie. producing 15,000 tonnes of magnetite a year from Cobre.

15,000 tonnes of magnetite a year from Cobre at 50% gross profit margin makes about $480,000 a year. Less overheads of $1.5m, costs of sourcing potential new projects, $360,000 of payments to cover part of one creditors bills, drilling at CARE, etc. etc.

[dropside] 04/2/2016 19:18

Some information about the Australian project now posted to the website:

[dropside] 03/2/2016 20:44

For some reason this reminds me of the Beatles song, Baby You can Drive my Car. "I've got no car and its breaking my heart, but I've found a driver and that's a start"

From Q4 last year:

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce the appointment of Mr Lincoln Smith of Terra Firma Mining Services as acting mine manager and site senior executive for the Tatu Coal project located on the North Island of New Zealand.

[smlwebsite] 01/2/2016 16:59

Does anyone actually believe any of this? John Peters on Proactive 1st Feb 2016

[smlwebsite] 01/2/2016 15:07

The funniest part from todays two announcements
Strategic Mineral's Managing Director, John Peters, said: "The Company has been looking for an opportunity to diversify its commodity portfolio from the bulk materials sectors of coal and iron ore.

SML has a commodity portfolio in coal? Does that refer to the Canadian coal project that did not happen, the Chinese coal project that did not happen, or the New Zealand coal project that did not happen.

[smlwebsite] 01/2/2016 15:03

Two RNS announcements and none of them state the amount of cash held by the company or any Cobre production figures for Q4.

[smlwebsite] 01/2/2016 15:01

Total acquisition cost of NZ $255,000 (approximately £128,000)
Cost of 51% NZ$122,500
SML has the option, to acquire the remaining 49% of KCM for NZ$122,500
Bulk sample to cost approximately NZD $280,000
Total US$300,000
It is unknown whether or not the sampling charges include the upgrading of the access road
So SML spent US$750,000 in Q3 on what?

New Zealand coal price in October when new mine manager was announced NZ$84.08
New Zealand coal price in December after SML had paid $200,000 for the bulk sample NZ$83.19

So Tatu no longer viable as the price of coal has dropped by 44p per tonne or about 1%