Strategic Minerals Share Discussion Threads

[turbotrader2] 04/3/2016 11:43

Add now if you canNuff said

[bean02] 04/3/2016 11:32

Full ask paid. Rockets on stand by.

[turbotrader2] 04/3/2016 07:50

Short squeeze coming

[bean02] 03/3/2016 22:13

Brilliant interview and for those who have sold this down to put in a lowly offer - he is on to you! Best buy Back those shares. Up! Up! Up!

[smlwebsite] 03/3/2016 20:16

Want to share your top three truthful bits?

[turbotrader2] 03/3/2016 18:28

I've never listened to such a frank truthful interview ever and this I a screaming buy at these levels

[proactivest] 03/3/2016 15:51

Video interview with Strategic Minerals MD John Peters



John Peters, managing director of Strategic Minerals (LON:SML, OTC:SMCDY), says a key component of the company’s strategy is limiting overheads. The aim is to reduce expenditure to below the operating profit that may be achieved from the Cobre tailings project in New Mexico.

Peters has tightened management fees, taken a pay cut himself and is being prudent with the company’s almost US$1mln cash by stopping activity at the Tatu coal project in New Zealand and putting on hold discussions relating to the Wanbao coal mine in China.

“If we need money at any point in time it’s project specific. I’m not going to go out and raise funds to cover overheads. That’s not what we’re about.”

[smlwebsite] 03/3/2016 14:56

And another one

[smlwebsite] 03/3/2016 14:12

Peters latest interview

[smlwebsite] 03/3/2016 13:31

Those who bought in at the most recent placing were expecting Tatu, Wanbao and a Canadian coal project and ended up with none. Also expected two contracts for Cobre and got none. Also told that overheads would be down below $1m and to do that Peters is deducting things like project investigation costs etc etc. Overheads are going up Cobre output has dropped. The revenue does not cover the overheads so no chance that the profit will. And the average price per tonne has dropped since the previous year.

If you take the cash figure at end of 2014 and compare it to todays figure it means the company has spent £1.5m this year plus the profit from Cobre. And what does SML have to show for it?

Peters said in an interview something along the lines of SMl had $900,000 at the end of 2014 and at the end of 2015 he expected that figure to be down by a couple of hundred thousand. He is only out by about $1.3m (or more than the entire yearly revenue from Cobre)

[dropside] 03/3/2016 12:35

Thanks smlwebsite, I've put my question in.

Shame about Wanboa, I guess the only good news is that Cobre is set to cover all current overheads. That is a not insignificant base.

[turbotrader2] 03/3/2016 12:03

Why are you so bitter?

[smlwebsite] 03/3/2016 10:07

No its trading at cash at bank. You then have to take off all the creditors, loans etc to get the actual cash.

You can try putting a question in here

Have JP of Strategic Minerals #SML on the podcast today. If you have any questions please submit them here>

And listen to todays podcast with Peters here
sharepickers.com

[turbotrader2] 03/3/2016 08:16

This is trading at cash

[smlwebsite] 03/3/2016 08:04

Anyone who thinks todays RNS is good news really wants to have a closer look.

Note the bit about problems with the railway spur that SML paid for. If there were problems why were they not reported to the market as required by AIM Regs? Remember back in 2013 when the yearly projected tonnages were not met?

And why the update at the beginning of March? First update was in May last year.

[fenseal3] 01/3/2016 11:18

Spoke to soon.....never mind, always tomorrow, off out now, need to get shopping in!!!

[fenseal3] 01/3/2016 11:14

Can only get 300k shares @ 0.1395p.....i need something good to happen here, i have sat back and bought from 0.6p to 0.2p, and seen carnage, this is not a bad company, should not have been treated this way!!

[turbotrader2] 01/3/2016 10:44

Could be OK Wanboa?

[fenseal3] 01/3/2016 10:42

Sadly my average is 0.3p so not going to make any returns soon, but this is a welcome!!!!

[fenseal3] 01/3/2016 10:39

Well, we are now in that position with most AIM stocks...peeps that got wind of the news probs took short positions out which crashed the share, now they will be buying back, if so hold on to your hats because another 200% share rise on AIM is on the cards 8-)

[fenseal3] 01/3/2016 10:24

Got enough thanks...how about you, why don't you buy 8-)

[turbotrader2] 01/3/2016 10:19

Bet if you bought them it would move

[fenseal3] 01/3/2016 10:16

Best i can get is £240 worth of shares with TD Direct @ 0.12p

[fenseal3] 01/3/2016 10:13

Paying full ask now and hard to buy!!!!