Share Name Share Symbol Market Type Share ISIN Share Description
Strategic Minerals 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
  -0.05p -9.52% 0.475p 0.45p 0.50p 0.525p 0.475p 0.525p 35,166,590 15:24:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.8 -0.6 -0.1 - 5.08

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27/10/201611:25SML 2016 THE STORY CONTINUES145
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Strategic Minerals Daily Update: Strategic Minerals is listed in the Mining sector of the London Stock Exchange with ticker SML. The last closing price for Strategic Minerals was 0.53p.
Strategic Minerals has a 4 week average price of 0.56p and a 12 week average price of 0.38p.
The 1 year high share price is 1.19p while the 1 year low share price is currently 0.08p.
There are currently 1,068,492,227 shares in issue and the average daily traded volume is 57,910,026 shares. The market capitalisation of Strategic Minerals is £5,075,338.08.
mhin2: Is this the Fraser Range Nickel Discovery we have been waiting for? A $12 million capped nickel explorer operating in the Fraser Range could be on the cusp of a major nickel breakthrough. This ASX company is exploring for massive sulphide nickel deposits and recently confirmed the presence of a discrete off-hole electromagnetic conductor, just 10m from where it had previously diamond drilled. The company has about 1000 km2 of tenements and is exploring in the same region where Sirius Resources made its $1.8 billion nickel find. Sirius' anomaly was 40m x 40m and put the company in the history books. Early indications are that this company's anomaly is at least 15m x 15m, and even if it's a fraction the size of Sirius' find, a successful discovery by this company would see its share price at multiples of where it is today. If the company can drill a hole right through that electromagnetic anomaly, and potentially confirm a new Fraser Range nickel discovery, it could well be on its way to making its own history... WOULD YOU LIKE TO KNOW MORE? Having just raised $790,000, the company is well funded to explore and the next couple of weeks could be telling. While previous drilling turned up mixed results, the company's recent find is far more encouraging with results indicating the presence of disseminated magmatic nickel and copper sulphides at depth. The information in this email should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions. While several small companies have pitched their tent in the Fraser Range looking to emulate Sirius, coming exploration for this company could give us a big clue as to whether it is on its way. With several catalysts expected over the coming weeks, it won't be long before we find out whether this company can capitalise. READ OUR FULL ARTICLE Regular readers of The Next Oil Rush, The Next Mining Boom, The Next Small Cap and The Next Tech Stock will know that we have a stellar track record of identifying high potential companies. PSC as high as 1,360%, VRC has been up as high as 1,150%, 88E has been up over 680%, EMH as high as 800% since we first published articles on these stocks. BLK has been as high as 490%, MSM as high as 340%, ADV as high as 410%, LIT as high as 340%, and FBR as high as 280%, since we published articles on these stocks. The past performance of The Next Oil Rush, The Next Mining Boom, The Next Small Cap and The Next Tech Stock is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. These products, like all other financial products, are subject to market forces and unpredictable events that may adversely affect future performance. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Longhou Capital Markets Pty Ltd (AFSL No. 292464). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice. Conflict of Interest Notice S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article. CUSTOMER NOTICE | PRIVACY POLICY | FINANCIAL SERVICES GUIDE | DISCLOSURE POLICY Lvl 1, 530 Little Collins St, Melbourne, Victoria, 3000, AUSTRALIA
colin12345678: Imagine a company that does an evaluation of an area with a strong indicator of discovery AND then goes on to actually discover within their allowed area and sees its share price rocket 100 times its value. This is Sirius. Imagine another company who has EXCLUSIVE rights to drill next to that area of discovery and has no debt and 2 fully funded drills and one more yet to be confirmed with an share price of 100 times less than the company above. This is Strategic. Will SML discover? Won’t it? – Nobody knows but the reason that people are investing is down to 3 words – Risk and Reward. So let’s just talk the talk with an investment of £1000. If they do not discover, your 1 thousand pound investment may dwindle and go. If they do discover, your 1 thousand pound investment can reach as much as £100,000. That is why people are taking position. SML is drilling in an area next to a 100 bag discovered area. Furthermore, they are drilling where nobody has drilled since the 1970s. Furthermore, they are drilling in a much bigger area than Sirius had to play with. Even if you took a punt, the 3 words are massively valid. Risk and Reward.
proactivest: Video interview with John Peters Strategic Minerals PLC (LON:SML) has completed the planning for the maiden drilling programme at its Hanns Kamp nickel/copper project in Australia and will begin drilling this month according to managing director, John Peters. He tells Proactive Investors that everything is running schedule, and that “drilling will commence mid to late May”, as had been previously advised. Peters also expressed his thoughts on the current share price, explaining that he feels that “there is a lot of upside that could occur in this stock”.
casino444: Amazing what a new company website can do for the share price , they should change it every week !!
smlwebsite: * Cobre operation moves into profitability of US$162,000 for the period (H1 2014: loss US$2,441,000) (An accurate comparison? Gross profit down over 40% from H1 2014) New sales arrangements instituted at Cobre which has already increased sales substantially in September 2015 with it now likely to exceed 2,000 SWT in the month. (But what were the sales for July and August?) * Raised GBP1,000,000 (before expenses) in June 2015 at 0.6 pence per share with the issue of 166,666,667 shares in two tranches (SML probably has less than $750,000 free cash in total) * Board and management incentivised with the issue of 62,000,000 options with vesting conditions of 1.5p and 3.0p (Previous board had options at 5P, 7.5P, 10P, current share price under 0.3P) * Tatu project The Tatu Project is a permitted mine situated in the North Island of New Zealand, which is a net importer of thermal coal. On 31 March 2015 the Company secured a contract to purchase 100% of the Tatu Project in New Zealand (see announcement of 31 March 2015). The Company settled the first 51% of the acquisition in the period, ----with the acquisition of the remaining 49% being subject to Strategic Minerals securing or demonstrating before the end of January 2016 that it has the funding to develop the project.---- (The seller has the right to buy back SML 51% stake for $1)
marab: bean02 - Obviously not pleasant watching the share price fall but we have been here before. 166m shares in the placing and a percentage of those will have been bought for a quick turn. With the share price falling, some of those shares will be sold by people who can’t afford to hold them. We are back to where we were in March but now with £1m in the bank, Tatu progressing as planned and Wanbao ticking away in the background.. Last time the share price was low due to a big overhang, we had RC picking up all the slack to the tune of 50+m shares. This time we need more good news to encourage new investors to buy and hold. Hopefully that news will roll through over the next few months. From the Corporate Update 01 May 2015 ‘Over the next six months, the Directors and management of Strategic Minerals plan to: · Complete the acquisition of Tatu Coal project · Complete JORC resource of the Tatu Coal project · Undertake a feasibility study for the Tatu coal project · Arrange funding for the construction and operations of the Tatu Coal Mine · Secure a second expansion project · Increase profitability of Cobre through continued cost reductions and increased domestic sales’
yasx: Dear Readers, I urge readers to treat with a degree of reserve the unjustified hype espoused on the other thread, not least by Touchtype. Here is some narrative from him only weeks ago, and since then the price has fallen sharply. I strongly suspect some of these contributors are stuck in a rut holding leveraged long positions from much higher up, and are trying to stimulate interest amongst novice investors to enable them to flip the shares - but, fear not, this gracious chap is aorund to inject a sense of reality. Bravo! Here is some guff from Touch several weeks ago... ----------------------------------------------------------------------------- touchtype - 25 May 2014 - 11:17:29 - 8 of 3978 COMMUNICATIONS WITH SML New projects are something that all shareholders want to hear about and JC said that he is constantly being brought potential new projects and will be more than happy to pass on suitable ones to SML. He made the point that many are brought to his attention by shareholders in various companies he is involved with. He is interested in simple bulk projects with good cash flow prospects. Targets are smaller projects that the medium and large players are not interested in. He also pointed out that these smaller projects have normally been explored and often drilled by larger companies then discarded.. JC also made the point that many Australian investors bought shares in SML at 14p and he was quite keen to see the share price get back to that level at least, as soon as possible. He would also like to see a move from AIM to the main LSE market in the future. ------------------------------------------------------------
marab: It’s possible Bob and SML have issued shares at a premium before. ‘at a price of 10p per Subscription Share to certain investors (the "Subscription"), the subscription price being at a 14.3% premium to the closing share price of 8.75p on 11 January 2012.’ hTTp:// 'It's happened in the past where insiders know the true prospects & come on board quite willingly', and presumably held onto their shares at least until the placing was done unlike most AIM placings. It's a good point though, not only would the level of a placing be important but also who bought the shares. We still don't know who bought the last placing shares. Having seen Allenby’s performance with AFPO where the share price fell from around 1p to a 0.3p placing I wouldn’t want them to be involved in a placing for any company I was invested in. There are a few other brokers out there that could raise cash at decent rates though. I would like to think that the BoD have enough of an idea how AIM works that they would avoid the normal placing route of announcing a potential fund raising, watching the share price drop 50% then have a discounted placing with another 50% knocked off. The information from the last AGM was great from shareholders who had attended and gave a far better picture of what was happening. I am hoping that we will get the same this year from those that attend.
marab: Oilbuy I like the black arrows which shows that the share price is indeed currently moving up. Could one argue that we are starting to form a bowl pattern on the chart or is that overly optimistic? Ferrisc I had a phone conversation with JC at the end of February 2014 and included in my notes was this bit. ‘JC also made the point that many Australian investors bought shares in SML at 14p and he was quite keen to see the share price get back to that level at least, as soon as possible. He would also like to see a move from AIM to the main LSE market in the future’.
touchtype: COMMUNICATIONS WITH SML Contents Q and A with John Peters 06 April 2015 regarding Tatu in New Zealand and Wanbao in China. Copy of a post by marab on his telephone conversation with James Chisholm a significant shareholder in SML posted 03 March 2014 Copy of a post by thehog2 on his meeting with Julien McInally SML Director and temporary non-executive Chairman posted 23 May 2014 Email to Cyprus Steve from Julien McInally 09 December 2014 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Q and A with John Peters 06 April 2015 Q ‘The exercise of this Option is subject to regulatory approvals by the New Zealand authorities for change of control of the mining permits held by KCM and SML providing to the vendors of KCM proof of financial capacity to commence the mine.’ How will this proof of financial capacity be achieved? A The proof of financial capacity is only to the vendors who, as they are relying largely on production, wish to see that we have the capacity to commence mining rather than just sit on the asset. Q ‘Production cash flows expected to commence within one year of full acquisition’ Will there be any income from Tatu before all the work is completed? A Early indications are that, during the first year, we will upgrade access roads and construct a new mine shaft. During the construction of the mine shaft, we anticipate recovering around 100,000 tonnes of coal. Q Is the current rail network able to cope with the tonnage ? A There is a rail network which is in disrepair and early figures relate only to road transport. Q ‘Initially, production volumes are expected to be around 200,000 tonnes per annum, upon completion of the mine shaft.’ Is there an upper limit on planned production? A The current constraint will revolve around the road transport access. If larger production is warranted, then negotiations with the re-institution of the rail will be entered into. Q Is the 200,000 tonnes based on current off take agreement possibilities? A This is consistent with the likely demand expected. However, should greater demand be forthcoming, we are likely to increase production. Q ‘Recent feedback from sales enquiries supports the Company's aim of securing a US$10 per tonne after tax profit margin, which would indicatively result in an after tax return in excess of 25% p.a. on current estimates.’ Does this mean US$10 after all production costs, royalties and local taxes? A Yes Q Does it include CAPEX and OPEX? A Yes Q Is the 25% return on combined CAPEX and OPEX? A Calculated on a DCF basis using forecasted CAPEX, Revenues and expected OPEX, royalties and NZ taxes. Q There is a fear of SML buying something in China. Presumably this is not the case and hopefully there will be some equity for services rendered rather than big cash investments. Is there an intention to have an advisory arm to SML to take on other projects like Wanbao? A No there is no intention for an advisory arm. Wanabo has the potential to be a big project for SML or could wind up being nothing. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 03 March 2014 Copy of a post by marab on his telephone conversation with James Chisholm a significant shareholder in SML JC has corrected my notes of my phone conversation with him and they are as follows. I am posting this on ADVFN, II and LSE so as many shareholders as possible can see it. JC made it clear that the new board including Julien McInally and Lyle Hobbs should run the company although he will be happy to pass on any projects he thinks might suit the company. JC has full confidence in the new directors to get SML back on track once they get through the initial review of past decisions and sort out legacy issues. The point was made that not only does Lyle Hobbs have a great deal of mining experience (something greatly lacking in SML over the past couple of years) but he also lives just a couple of hours from the Cobre site. Julien McInally is not an engineer but has been involved in evaluating many mining projects and is well aware of the value of communications with shareholders and the markets in general. It might be worth having another look at the SML RNS for a fuller description of their skills and experience. There will be a bit of a delay until the nomad clears the new directors through the AIM paperwork, but we can expect changes to be made as soon as that is completed and we can expect news over the coming weeks and months. We can probably expect overheads to be much reduced. JC pointed out that another of his interests in mining has 5 times as many people as SML for much the same overheads, albeit some of these are part-time employees. I got the clear impression that JC is not the kind of man that will waste company money. He pointed out that the total bill for drilling Cobre 1 was $57,000, less than a month’s salary for PH and JF. New projects are something that all shareholders want to hear about and JC said that he is constantly being brought potential new projects and will be more than happy to pass on suitable ones to SML. He made the point that many are brought to his attention by shareholders in various companies he is involved with. He is interested in simple bulk projects with good cash flow prospects. Targets are smaller projects that the medium and large players are not interested in. He also pointed out that these smaller projects have normally been explored and often drilled by larger companies then discarded due to their small size. That obviously offers large savings as much of the exploration information has already been gathered. He is of the opinion that these relatively smaller projects are in abundance and that the new directors of SML have already begun reviewing some prospective projects. JC is in favour of working smaller projects and using the profits (profits meaning cash into the company as opposed to cash paid in director salaries) to take on bigger projects. He would not be interested in complicated mega projects. Personally I agree with that way of working as initial capital costs are kept to a minimum and there is less chance of being affected by future adverse trends in the commodity market or changes in local legislation. At the end of the day it is profits per tonne that makes a company profitable not the amount of revenue generated. The website has been a cause of complaint for many people for years. Both of the new directors intend to update the website as soon as possible as they appreciate the value of a website to shareholders and other stakeholders. We can expect not only an updated website but one which will continue to be updated. I got the impression from JC that shareholders are not a crowd of moaning swine to be ignored but rather a resource to the company. Shareholders will be actively encouraged to contact SML with anything that will improve the way SML operates from pointing out errors on the website to suggesting projects to look at. JC also made the point that many Australian investors bought shares in SML at 14p and he was quite keen to see the share price get back to that level at least, as soon as possible. He would also like to see a move from AIM to the main LSE market in the future. xxxxxxxxxxxxxxxxxxxxxxxx 22 May 2014 Copy of a post by thehog2 on his meeting with Julien McInally SML Director and temporary non-executive Chairman Times they are a changing..... Good morning, Yesterday morning (22 May 2014) I met our new Executive Chairman Julien Mcinally for a coffee, not far from the SML offices in Mayfair. He has obviously got a ton of work on his plate, getting up to speed on the company's details, and with the need to get the accounts out pretty soon, but he was kind enough to make time for me. He is meeting at least some investors and at least one broker, although it will be for them to identify themselves. Just watch the BBs in the next week or so, I'm certain there will be leaks. In setting up this meeting, one thing stood out, and that was the speed of communications, he replies to emails! Decisions made immediately! This being something which was sorely missing under the previous regime. Having met the guy, I found him straight talking with no nonsense or BS, good to talk to and clearly an achiever. (Why else would JC have him on the payroll?) I'm pretty certain this will be mirrored in the way he runs SML. Given that Julien was schooled in the Australian ethos of proper communication with stockholders via relevant RNS's and reporting I think we will see that the good start made with the recent RNSs will continue. Everyone reading these BB knows that I, along with many other loyal shareholders, am sitting on horrendous losses, I therefore have an obviously interest in seeing the company turned around as quickly as it can be practically achieved. I'm not looking for a pumping operation but a solid focus on realising the value of Cobre by pursuing higher value markets, like coal washing. Those of you who attended the last two AGM's heard me ask for just that, and I was refused on both occasions. This, while the rest of the team look at other projects that are near term cash generative. Thinking about that pumping, why would there be any need for pumping? All the new boys have to do is actually achieve something, and the share price should bounce all on it's own IMO. I know it will be frustrating to read, but nothing that wasn't already in the public domain could be discussed, sorry but those are the rules. If I was on the inside and had huge amounts of secret detail, I would not be able to report anything anyway. I think as a single shareholder, neither a broker nor an II, I'm pretty lucky to have been squeezed in for a coffee. As the focus is now entirely on domestic sales, and those sales need to cover current overheads, a US website in addition to a UK one is now being prioritised. I told Julien this should carry the slogan 'American Magnetite-American Jobs-Australian Know-how', he laughed so I suspect he will not be sending me a regular Royalty cheque, but I can live with that if they design the website to reach out to companies in the market for dense media, for whatever purpose. SML have an obvious price advantage over the largely imported magnetite currently in use, as New Mexico is a lot closer to the end users than say, Chile or China, so they need to set up their stall and get selling. Those new projects? Crucially from my point of view, Julien said they will look at tailings pits containing different commodities, not just iron ore, as that will protect the company from exposure to a single commodity and it's price, as we have now. That was after all the plan mentioned at the last AGM, the big difference between what we were told last year, and now, is I believe they will actually get on and do it not simply talk about it. One only has to think of all the tailings pits containing gold, copper silver etc that are scattered around the world, lots of them are in the USA. They wont all have legs, and for one reason or another will prove non-viable, but if these chaps can't find them how did they manage Atrum and Fertoz? Times they are a changing, lets hope it's soon. TH2 xxxxxxxxxxxxxxxxxxxxx Email to Cyprus Steve from Julien McInally 09 December 2014 "Steve, Thanks for your interest and it is good to have continued support of shareholders. Just to give you a summary of things. We have been focused on improving domestic sales at Cobre and trying to put a business case together to get into the Heavy Dense Media Market. We provided an update on our testwork late in October 2014 and we are continuing to progress this down a number of fronts. We have been reviewing projects since our appointment in May which is when the share price was 0.6 pence. We were left with a legacy and are trying to turn things around and I can tell you we have been very active in project identification, review and negotiation. As you can understand, it is not sensible that we to come out and announce deals that we are looking at before we consummate one. But we are active on this front and we have told the market that. We have greatly reduced overheads and have cut directors salaries from US$1.3M to now on an annualised basis being below US$0.35M. Having taken on the role of essential three directors has required that I take on a large portion of the administrative load in addition to project review etc which is why I continue to find myself short of time. Trying to rebuild from where we were will have its challenges but one that both your directors are showing commitment to by investing in SML recently. I hope that we can provide an update to the market at the appropriate time. Kind regards Julien McInally"
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