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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Strategic Minerals Plc | LSE:SML | London | Ordinary Share | GB00B4W8PD74 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.225 | 0.20 | 0.25 | 0.235 | 0.225 | 0.23 | 303,177 | 08:00:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 2.46M | 84k | 0.0000 | N/A | 4.44M |
Date | Subject | Author | Discuss |
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31/5/2016 15:06 | Tengri Resources Completion of Disposal 31/05/2016 1:30pm UK Regulatory (RNS & others) Tengri (LSE:TEN) Intraday Stock Chart Today : Tuesday 31 May 2016 Click Here for more Tengri Charts. TIDMTEN RNS Number : 7674Z Tengri Resources 31 May 2016 Tengri Resources ("Tengri" or "the Company") Completion of Disposal Tengri Resources (AIM: TEN), announces that further to its announcement of 11 May 2016 confirming that completion of the disposal of Kami Associates Limited and Tatiana Limited was unconditional subject only to the receipt of US$5.0m being the amount due from Socagest pursuant to the sale agreement (the "Completion Amount") and that payment of the Completion Amount was to be made under a deferred payment schedule, full payment of the Completion Amount has now been received and the disposal has now completed. Kami Associates Limited and Tatiana Limited along with their subsidiaries held the Company's mineral exploration and development operations in Talas, Kyrgyz Republic ("Talas Mining Interests"), that had been acquired by Robust Resources Limited ("Robust") from Gold Fields Orogen Holdings BVI Limited ("Gold Fields") subject to a Sales and Purchase Agreement dated 20 February 2014 ("Sales Agreement 2014") which was subsequently assigned to Tengri on 17 June 2014 under a Deed of Assignment ("Deed"). Under the Deed Tengri agreed to take on certain of Robust's obligations owed to Gold Fields under the Sales Agreement 2014 including the requirement for Gold Fields to be paid a deferred consideration of US$20.0m if a decision is taken to mine the Talas Mining Interests and to pay a royalty under the Talas Royalty Deed, dated 19 March 2014 ("Royalty Deed"), between Gold Fields and Robust of 2% net smelter returns. Robust Resources still retained obligations under certain guarantees and indemnities provided to Gold Fields under the Sales and Purchase Agreement (the "Robust Guarantee"). Tengri and Robust have reached an Agreement with Gold Fields whereby Tengri and Robust will be released from all obligations owed to Gold Fields under the Sales Agreement 2014, the Royalty Deed and the Robust Guarantee for a consideration of US$1.0m. This amount will now be paid to Gold Fields and both Tengri and Robust are now released from any future obligations relating to the Talas Mining Interests. Following completion of the disposal and the payment to Gold Fields, Tengri will have approximately US$3.9m of cash and a net debt position of approximately US$0.8m. The completion of the disposal represents a fundamental change of business under AIM Rule 15 and as such, the Company is now an "AIM Rule 15 cash shell" for the purpose of the AIM Rules and has until 01 December 2016 to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or otherwise seek readmission as an "investing company" with the attendant requirement to raise at least GBP6.0m on or immediately before such readmission. ENDS | boom boom bang bang | |
31/5/2016 15:05 | BOOOM UP 30% MCAp 2m payment 6m boom boom bang bang 31 May'16 - 15:04 - 8 of 8 0 0 edit Tengri Resources Disposal Update 11/05/2016 6:00am UK Regulatory (RNS & others) Tengri (LSE:TEN) Historical Stock Chart 1 Month : From May 2016 to May 2016 Click Here for more Tengri Charts. TIDMTEN RNS Number : 8527X Tengri Resources 11 May 2016 Tengri Resources ("Tengri" or the "Company") Disposal Update Tengri Resources (AIM: TEN), provides the following update regarding the disposal (the "Disposal") of Kami Associates Limited and Tatiana Limited to Socagest SA ("Socagest") which is currently unconditional subject only to the receipt of $5m being the amount due from Socagest pursuant to the sale agreement (the "Completion Amount"). Socagest have informed Tengri that they wish to pay the Completion Amount pursuant to the following deferred schedule: Amount Date ----------- ----------- $1,500,000 11/05/2016 ----------- ----------- $500,000 12/05/2016 ----------- ----------- $500,000 13/05/2016 ----------- ----------- $500,000 17/05/2016 ----------- ----------- $500,000 23/05/2016 ----------- ----------- $500,000 26/05/2016 ----------- ----------- $1,000,000 31/05/2016 ----------- ----------- Go to previousSubmit Post an article on this thread: | boom boom bang bang | |
31/5/2016 12:23 | Encouraging news today about the first drilling finding low levels of nickel.Heads up....GWMO will commence drilling for Gold/copper/silver in Nevada within the next few days, so has high potential for a rerate as their current market cap is on par with cash in bank. Get ahead of the crowds get in GWMO.. | apfindley | |
27/5/2016 15:05 | Drops Idea :-), It wasn't that the work was poor, although you have to keep in mind that no one would lay tracks in the UK the way they are allowed to do there. It was the fact that we were restoring a track spur we didn't own, which seemed a bad investment to me, plus the obvious bottle neck track we connected to at the bottom of the hill where coal trains had priority over other traffic. The details we have from the recent RNS that first mentioned the law suit also refers to derailments, plural, at no time was the market informed of these happening nor what must have been the considerable cost of cleaning up the mess. The Magnetite was shipped wet to reduce dust, but when dried out by sun and wind would blow everywhere. TH2 | bob_th | |
27/5/2016 13:00 | Bob, Interesting that you thought the $2m had been wasted, was the work on the railway really that obviously poor? If so that is good news for their efforts to recover some money. Regards, Drops idea. | dropside | |
26/5/2016 21:04 | Sorry, predictive text strikes again. That should have read dropside. | bob_th | |
26/5/2016 21:02 | Drops idea, Thank you for reminding us of the law suit. The old management inherited the railway deal from the first lot. When I was at the mine I was not free to write that I thought they had wasted $2m, so I was very pleased to read that efforts are underway to recover a good portion. If they are successful it would certainly reduce the need for dilution to fund Cornwall. Let us hope the railway company settles without dragging the case on for years. TH2 | bob_th | |
26/5/2016 20:24 | Another interview: Can't post the link, its on pr0active website | dropside | |
26/5/2016 20:13 | John Peters discusses the new investment: [...] | dropside | |
26/5/2016 16:20 | Thanks Bob. It looks a good project, the downside being the need to raise £1m. This will be easier if the Hanns Camp exploration turns up some good results, or Cobre ramps up sales or if there is a settlement on the railroad works claim. More difficult if they have to raise funds with no more drilling in Cornwall in the meantime. Edit - from the interviews sounds like more drilling work and 'establishing value' before fund-raising. | dropside | |
26/5/2016 13:26 | Annual report and AGM Notice Strategic Minerals 26 May 2016 07:00:06 Strategic Minerals RNS Number : 3215Z Strategic Minerals PLC 26 May 2016 26 May 2016 Strategic Minerals plc ("Strategic Minerals" or "SML" or the "Company") Posting of 2015 Annual Report and Accounts and Notice of AGM Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, announces that printed copies of its Annual Report for the year ended 31 December 2015 were distributed today to shareholders together with the Notice of Annual General Meeting. An electronic copy of the Annual Report for the year ended 31 December 2015 and the Notice of Annual General Meeting are available from the Company's website at hxxp://www.strategic The Company's Annual General Meeting will be held at 11:30 am on 21 June 2016 at the offices of BDO UK at 55 Baker Street, London, W1U 7EU. Strategic Minerals plc John Peters Managing Director +61 (0) 414 727 965 Allenby Capital Limited Nominated Adviser and Joint Broker Jeremy Porter James Reeve +44 (0) 20 3328 5656 Cornhill Capital Limited Joint Broker James Sheehan Colin Rowbury +44 (0) 20 3700 2516 Yellow Jersey PR Limited Financial PR Dominic Barretto Alistair de Kare-Silver +44 (0) 7825 916 715 Notes to Editors Strategic Minerals plc is a minerals production and development company registered in the UK and listed on the AIM market (AIM: SML) of the London Stock Exchange. The Company has projects in the United States of America and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities. In September 2011, Strategic Minerals purchased its first cash generating asset, the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and continues to provide a revenue stream for the Company. The Company acquired, in January 2016, a right to take up to a 50% interest in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for nickel sulphides and rare earths. | bob_th | |
19/5/2016 21:30 | The story is that Cobre is in line to cover the overheads. 3,427 tonnes at a gross profit margin of $33 = $113,091 Knock of the payments to creditors of $96,500 Total gross profit for Q1 is $16,591 to cover 3 months overheads. Overheads for H1 2015 was $689,000. Deficit of $300,000+ | smlwebsite | |
19/5/2016 21:14 | Credit where its due. Peters said he would make cuts and he has. He has cut cash by 40% and sales 50% from Q1 2014. He also cut his salary by 15% but has never mentioned his 50% increase in salary rate after the last placing. | smlwebsite | |
19/5/2016 08:03 | They are running low | turbotrader2 | |
18/5/2016 18:04 | Glad to see someone's awake at silly o'clock. Good time to buy and wait. Not long, maybe four weeks and hopefully you're short wait will be rewarded handsomely. | avizandum | |
18/5/2016 08:55 | Watching it also. Time to buy before the herd arrives. | irishlass2 | |
18/5/2016 07:29 | Ah, someone is home! | avizandum | |
18/5/2016 07:25 | RnsDrilling commenced | franky15 | |
17/5/2016 22:21 | Wakey wakey......anyone at home? Read recent RNS Results due and drilling results due. DYOR | avizandum | |
17/5/2016 22:19 | Wakey.......wakey! Read recent RNS....anyone at home? Results due and drilling results due. Base appears 0.40p DYOR | avizandum | |
17/5/2016 22:09 | Upside here is being overlooked! It's massive. This share should be 20% more at least before results. The wager here is potentially 100/1 if not more | avizandum | |
13/5/2016 11:09 | if Nigeria is amongst the most corrupt countries in the world, the square mile of the city of London must be one of the most corrupt, nepotistic and cronyist square mile on the planet | mhin2 | |
13/5/2016 11:07 | The thieving dogs of the city with their manipulation, insider information and forward selling at it again....surely not? | mhin2 |
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