Share Name Share Symbol Market Type Share ISIN Share Description
Strategic Nat. LSE:SNRP London Ordinary Share GB00B1VQ5F36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.875p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.0 -1.9 - 5.82

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DateSubject
21/8/2014
20:07
gc321: As an approximate 600k (shares) shareholder, this is a very interesting turn of events, especially considering everyone had written this off! I had spoken to Gavin last week, who didnt give anything away at the time but did indicate there would be news in due course. We still have an asset and for some here who are actually invested we still own a percentage of that asset. Gavin has a 2 million (shares) shareholding at an average of 20 odd pence a share, so has a vested interest in getting this back on its feet. He sounded very determined to do that and by the sounds of it had he not intervened when he did, we would be looking at a company that was being wound up. He also felt that we should try and diversify to make us a more attractive investment. The millenium deal was an attempt at just that. I think we can be encouraged by this today and hopefully before any re-listing takes place we will see sufficient news to shore up the share price and hopefully encourage new investment into this share. I would like to thank Gavin for his efforts to date and look forward to further news on an actual investor(s), plans to reopen the mine, an actual grant, creditor situation resolved etc etc GLA and all IMHO
24/7/2014
16:01
gc321: Has it not occured to anyone that this latest news is to protect the share price? Relisting without appropriate positive news could have been catostrophic to the share price. For all we know there could be a deal being struck behind the scenes, once its ready its announced along with a new nomad and re-listing. Could also explain the reason for the reversal of the 'investment' that was announced. Just a thought....
22/6/2014
08:46
1private: THIS MAY HELP Please note that the percentage change in a company's share price on the first day of trading immediately following a corporate action is calculated against the official closing price of the London Stock Exchange (i.e. not compared against a rebased price) Bid Situation This security is currently engaged in a bid situation, whether hostile or otherwise. Capitalisation Issue The issue by a company of new shares which do not require any payment to be made by the shareholder. This has the effect of making the company's shares more marketable because of the increased number available and the lower market price. A Capitalisation Issue is the same as a Bonus Issue and Scrip Issue. Consolidations When a company reduces the number of shares it has in circulation by consolidating its share capital e.g. shareholders would receive 1, 50p share for every 2, 25p shares held. Entitlement Issue (Open Offer) Shareholders are given the right to subscribe for the new fully paid share. The new shares are not issued in nil paid form, therefore they do not exist in that form, and cannot trade in nil paid form. Ex When a stock or dividend is issued by a company it is based upon an "on register" or "record date". However, to create a level playing field when shares are traded on the London Stock Exchange during this benefit period an "ex" date is set. Before this "ex" date if shares are sold the selling party will need to pass on the benefit or dividend to the buying party. XC - Ex Capitalisation Trading has previously commenced "ex" capitalisation on this stock. Ex Capitalisation Today Trading has commenced "ex" capitalisation on this stock today. XD - Ex Dividend Trading has previously commenced "ex" dividend on this stock. Ex Dividend Today Trading has commenced "ex" dividend on this stock today. XR - Ex Rights Trading has previously commenced "ex" rights on this stock. Ex Rights Today Trading has commenced "ex" rights on this stock today. XL - Ex Liquid Trading has previously commenced "ex" liquidation payment on this stock. Ex Liquid Today Trading has commenced "ex" liquidation payment on this stock today. ES - Ex Stock Trading has previously commenced "ex" stock distribution on this stock. Ex Stock Today Trading has commenced "ex" stock distribution on this stock today. XP - Ex Repayment Trading has previously commenced "ex" repayment on this stock. Ex Repayment Today Trading has commenced "ex" Repayment on this stock today. EO - Ex Other Trading has previously commenced "ex" a benefit on this stock. Ex Other Today Trading has commenced "ex" a benefit on this stock today. Ex Stabilisation Stabilisation is operating on the market in this security. Ex Stabilisation Today Stabilisation is operating on the market in this security today. Rights Issue An invitation to existing shareholders to purchase additional shares in the company. Scheme Of Arrangement A non-optional event proposed by a company on its share capital. Security Suspended This security has been suspended from trading by the Exchange. Stabilisation A stabilisation may occur after a new issue in accordance with FSA rules. It will entail the stabilising manager buying shares in the market to counter selling pressure in the initial market. This stabilisation period must be fully disclosed by way of a daily notice and last for a maximum of 30 days
11/6/2014
13:57
growbag: This is from the circular posted 09/06/14 ahead of the general meeting. Interesting reading. Despite the dilution, the BoD appear to be making strong progress putting the company on a firmer financial footing -- and under pretty challenging conditions all considered (winding up petitions, low coal price, SA government indecision). Nice to read about the investment strategy and plans to get the mine up and running for sales to local industry and a coal-fired PP. Less impressed by the Directors shareholdings - as pointed out by a poster on iii But I agree with GC321 - the share price was at these levels not long ago and under a MUCH worse situation requiring a last minute loan for Andy Ruhan. We are in a considerably better position now -- and there are many folks with access to capital whose have investments stake here. Crazy - maybe. But I remain confident of a turnaround here. We'll see. (ps - And I have been buying at these levels on that basis). Sorry about the loss of formatting. 9 June 2014 Dear Shareholder Notice of General Meeting of Strategic Natural Resources Plc (the "Company" or "SNR") Introduction We are writing to set out the proposed strategy of your Board of Directors (the "Directors" or the "Board") for the Company, to ask the Company's shareholders (the "Shareholders") to approve resolutions (the "Resolutions") to grant the Directors authority to allot shares to enable them to execute this strategy and to explain why the Directors consider that passing the Resolutions would be in the best interest of Shareholders. Proposed Strategy SNR's immediate priority is to satisfy all its creditors and thereby provide long term stability to both the Company's financial position and its share price. Whilst the first round of funding by Target Alliance and Beaufort Securities has gone a long way in alleviating the situation, it is clear that additional funding is required. TheBoard is currently in negotiations with several parties to meet this end. Whilst these discussions are on-going, the Board is reasonably confident that sufficient funding to meet the outstanding creditors and provide sufficient working capital for SNR and Elitheni Coal will be attained. At the same time, your Board is considering several options in relation to bringing the Elitheni Coal project into sustainable long term production. These discussions involve joint venture partnerships to supply coal to local industrial entities as well as export markets and the possibility of building a nearby coal fired power station for the region. Background On 13 May 2014, we announced £1,500,000 of investment into SNR by way of equity subscriptions at 4 pence per ordinary share of 1 penny each ("SNR Shares") and various agreements with creditors pursuant to which SNR agreed to allot SNR Shares to creditors. In total, SNR has agreed to allot 51,000,000 SNR Shares to investors and creditors. In addition, as part of the extension to the repayment date of the £6,000,000 loan the Company owes to Land Consultants Limited ("LCL"), the Company and LCL agreed that LCL could capitalise up to £2,000,000 of the interest it is owed by the Company into SNR Shares at a price of 4 pence per SNR Share (the "Conversion Right"). The Conversion Right was granted conditionally upon approval of Shareholders, on the proviso that if it was not approved by Shareholders prior to 13 August 2014, the Company would be in default under the terms of its facility agreement with LCL. On 17 December 2013, Shareholders authorised the Directors to allot 90,000,000 SNR shares at the Company's Annual General Meeting. To date 51,000,000 of this authority has been utilised or is needed to satisfy the arrangements with investors and creditors set out above, leaving 39,000,000 SNR Shares available to Directors to allot. There is therefore insufficient authority to grant the Conversion Right to LCL and to allow the Directors to execute their proposed strategy. It is therefore proposed to seek authority from Shareholders to authorise the Directors to: (a) grant theConversion Right exercisable over 50,000,000 SNRShares; and (b) allot a further 61,000,000 SNR Shares for cash on a non pre-emptive basis. This is in addition to the remaining existing authority to allot 39,000,000 SNR Shares. If the Resolutions were passed the Directors would have the authority to allot a further 100,000,000 SNR Shares representing 36.8 per cent. of the issued share capital, assuming the Conversion Right has been exercised in full and the 51,000,000 SNR Shares the Company has committed to allot to investors and creditors have been allotted in full.
28/1/2014
17:54
investingisatrickygame: "Paul....46-53p CPR, your glass has been full for years, over ten... where has it got you?" Over ten? No idea where you've got that from. Aside of that, it is a CPR valuation based on a physical asset that exists. I stated it is based on the current shares in issue which we know is likely to change or SNR's share of Elitheni is likely to reduce as RNS'd. That would reduce the Share Price value range in the absence of further value being added which is obvious, but I am willing to wager the subsequent CPR Share Price value is many multiples of todays share price. Based on today's RNS, it is unlikely to be long until we all find out exactly where the Company is financially. Then we will all be better placed to understand the Company's future.
17/12/2013
18:04
investingisatrickygame: I will add some comments too In their operational review they had the Mineral Corporation (hxxp://www.mineralcorp.co.za/)involved who did some desktop analysis as well as visiting the mine and a full mine review including service contracts. Elitheni, amongst other things, implemented improved underground mining capability as a result of this. The issue around the Continuous Miner was that it was meant to be received fully refurbished which turned out not to be the case. Aside of this, they believe they can drill and blast the mine at similar cost which is their declared and preferred option going forward. They mentioned that when earlier in the year in regard to the strategic investment partner, they had contact with circa 10 parties including those located in London, South Africa, Singapore and one other which I can't recall. Apparently, the government's view is that the mine is very important to employment in the area and it is also important to have a power plant at the mine. Nothing new perhaps, but this relationship with the government resulted in the approach to the IDC and the grant application. Given the comments, one would hope the application will be well received and advanced. naturally, the IDC does their own due diligence as any investor will do. One of the things that was stressed was the strength of their relationships in South Africa and taking those comments on board both in the formal Q and A and then individual discussions afterwards, it is clear that both Gabriel and Niall Mellon have done an immense amount of work to sort this out for all shareholders and that the image of Niall Mellon is probably unjust given his contribution to making Elitheni work. Niall Mellon was not in attendance, but the BoD generally spoke extremely highly of him. I think all shareholders in attendance heard this and would conclude that the image of the Company and some of its management by some parties is very unjust. It is obviously an area that needs further time and effort to allow other shareholders and potential investors to judge for themselves. Political issues have in the past been seen as a negative in SA, but with the elections coming up in 2014, with the ANC in the Eastern cape, with Elitheni as one of the top three strategic projects in the Eastern Cape, it is easy to understand (in my opinion) how these strong relationships may see Elitheni and its needs escalated in a short time period with the political gains also to be had before the election occurs (Googling say's April - July 2014). This could be reflected in any grant award and associated terms as well as possible agreement on a power plant at the mine. Re the liquidation hearing, the Minister for the Department of Mineral Resources was helpful in the outcome, I believe asking the courts for evidence relating to the claims (someone else may have better notes on this than me). It was also mentioned by Gabriel that he had met with the Chairman of Eskom recently and discussed a potential 300 mega watt power plant at the mine. Eskom's response was that they wanted a bigger PP located!!!! That seems very positive to me. I believe regarding the wash plant they simply need a crusher now to optimise input. Evidently there was an issue prior, but this was said to be straightforward. They need a pipe from the lake to the wash plant, again, a small issue they said for when the mine is back in operation. All of the Thelo containers have been delivered. They can sub lease them and cover their own leasing costs incurred. Delivering them to a third party and getting them back as required is no big issue. It was deemed prudent, obviously, to action this and cover their costs. In regards to share price and value, the minxcon report delivered circa £107-£122 million which would have some adjustment now to the downside for lack of cashflow and less so on coal price. If any of us take this value and divide it by the shares in issue we get an SNR price range of 46p-53p. This offers up huge upside and takes no account of a PP at the mine nor phase 5. On that subject and upon receipt of investment funds they will likely drill phase 5, get an updated CPR and hopefully add additional value to their asset. If they issued another hundred million shares in SNR and retained 74%, by my calculation, the existing CPR would equate to a share price asset value range of 29-33p, so at least 4x today's price. Obviously the risk is all around obtaining an investment. Immediately they can seem to achieve the required funds through the IDC grant, a new investor in Elitheni and by issuing some SNR shares. Without the funds there is nowhere to go. That said, I don't think there was a shareholder in the room who doubted 1) That the Bod was being honest with everyone 2) That the BoD have and continue to work very hard to get to grips with what they have had to sort out 3) That the BoD will obtain the required funds 4) if they do get the required funds, today's share price in retrospect, will look to have been extremely attractive If I have recalled any events incorrectly, I am sure others will put that right in subsequent postings
06/9/2013
07:28
thompson63: O/T anyone seen the SOLG rns? SOLG Directors must know whats coming there next week to award themselves options at 50p when the share price reaches 80p! Current share price 14p!! King Cuthbert XXVII 6 Sep'13 - 07:59 - 3213 of 3213 0 0 Today's RNS: These price targets at which options can be exercised surely puts a marker on where the directors think the share price can explode up to. Have they seen the first shows to inspire them to award themselves options. Martin - 8million exercisable at 50p when the share price reaches and stays for a while at 80p!
16/5/2012
08:58
rodneyjerkins: This is worrying. Snrp share price falling faster than it rose :( .
06/2/2012
11:54
investingisatrickygame: protections Easily over a £1 - Why? That report made no account of the recent internal offtake for 20 years Future export offtakes and increases in internal supply Upgrade in reserves - due Q1 Phase 5 drilling He stated in that report " Moreover, any confirmation of the extent of the coal known to exist in the significantly larger Block 5 area would also be significantly value accretive." Bottom of page 4 We are now starting phase 5 drilling I can't see mention of the finance sum required, but I am sure it was £40 million and we have now been told £30 million Will the IDC funding rank as debt or development finance, thus reducing again the required finance sum? Elitheni is a monster and with 74% ownership, little awareness and free float, as long as they keep a tight ship in this respect then the SNRP share price should be turbo charged. My opinion anyway The Broker report can be downloaded here http://www.eyespydigital.com/investments/snr/ His valuation statement - Page 5 NOTE: This report is dated 21st March 2010, so almost a year ago Valuation We have looked at the valuation of SNRP as a coal development company given that it has already outlined over 150Mt of coal and that it is progressing off-take negotiations with potential buyers. We believe that the completion of these negotiations would lead to a significant rerating of the company up towards our medium term target of around 50p/share. Looking beyond this, and after allowing for a significant capital raise to place the first mine in production we see scope for a further rerating of the share price up to around 100p.
25/10/2011
13:26
nils214: imperial...can you quantify your statement...??? ------------------------------ imperial3 - 24 Oct'11 - 11:35 - 3849 of 3854 As far as this year is concerned, the share price performance has been dismal, in spite of all the optimistic noises,and best endeavours.Hope 2012 will prove to be the turning point. ----------------------------------- compare snrp in the below list...looks like snrp share price has actually performed quite well in a falling market... 4711phil - 25 Oct'11 - 08:52 - 122303 of 122380 Below is a list of the top 10 picks from Chipperfrd 2011 stock comp.It shows what £10,000 invested in each share at Jan 1st would be worth today,GKP holding-up quite well considering.Also shows how good the majority of investors on this board are at stock picking,(me included 97th out of 545 down 17.7%) ARIAN SVR CO 4,162.50 BAHAMAS PETROLEUM COMPANY PL 4,849.00 GULF KEYSTONE PETROLEUM LD 8,100.00 KEFI MINERALS PLC 4,572.50 RED ROCK RESOURCES PLC 3,242.80 REGENCY MINES PLC 2,716.00 STRATEGIC NATURAL RESOURCES PLC 8,480.00 SUNKAR 3,021.50 VATUKOULA GOLD 3,189.00 WEATHERLY INTERNATIONAL 4,230.00
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