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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Strategic Minerals Plc | SML | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.25 | 08:00:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.25 | 0.25 | 0.25 | 0.25 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 29/11/2024 06:59 by imjustdandy Plenty of positive news still to come.Cobre is booming that is a fact. New CEO announcement due. LCCM disposal or listing on Australian Stock Exchange. Potential to list Cornwall here in London. yesterday's large order setts us up for 2025 as well as de risking us further. Won't be sub 1p for very much longer. Much to look forward to here at SML. |
Posted at 17/11/2024 18:52 by swiss paul Yeah - they been saying that since the jam factory was created. Be realistic - its a lifestyle company. No future - even the chief trough eater realise it can't be milked anymore:Strategic Minerals plc (AIM: SML; USOTC: SMCDY), announces the retirement of Managing Director, John Peters, with effect from today's date, when he will also leave the Company's Board. Mr Peters will remain as a consultant to the Company for a period of six months to ensure an orderly transition. You keep on adding sunshine |
Posted at 06/11/2024 07:09 by imjustdandy Hopefully break 0.4 today as the market re rates SML due to anticipated profits of c£2m. Market cap £4m , no Debt and 3 further assets to realise. Slowly back to 1p |
Posted at 02/11/2024 17:07 by imjustdandy Half Year Results / Run Rate / Full Year out turnI really don't think the market has realised whats unfolding here. Strategic Minerals had sales of $2.13m and delivered a Gross Profit of $1.74m - A GP of 81%. for the first 6 months. Overheads were $784k which enabled the business to deliver a profit of $959k. Now lets project forward using these metrics. We have already had confirmation that Q3 numbers are in the bag with another $1.23m of sales and the company expects to exceed $4.5m of sales for the year to 31/12 (8 weeks to go). If we use the same GP% and attribute the same overhead run rate I believe the following numbers are about to be delivered to the market. Sales - $4.5m Gross Profit - $3.64m (81%) Overheads - $1.56m Estimated profit - $2.08m As a stand alone business this would be worth $20m or £16m. That equates to a fair value share price of 0.8p giving holders a 400% upside if these numbers play out in less than 8 weeks time. Furthermore the company has NO debt and two additional assets. Cornwall is the prized asset now and having spent in excess of £5m acquiring the asset they are now looking to realise its huge potential and value. The board of SML will be presenting our Cornwall Asset at Mines and Money in London between the 3rd and 5th December but we are led to believe interested parties are already looking at this asset now. Our Copper asset (Leigh Creek) could either be sold outright or potentially merged with another asset before being listed on the Australian Stock Exchange according to management. Again there are parties engaged in this process and I would hope shareholders dont have to wait too much longer to hear some positive news. We now have a new Chairman and a mining specialist on the Board and I am hopeful their influence will accelerate all of the above to realise maximum value for all holders. |
Posted at 15/10/2024 07:19 by ajmace Great outlook for SMLThere won't be many sellers around |
Posted at 15/10/2024 06:43 by sleveen 18.1.24"Additionally, over the past four months, discussions have been held with a potential new client that is looking for large volume shipments." 7.3..24: "Discussions continue with another potentially large client at Cobre but, due to recent increases in activity, such discussions are now focussed on future years supply." Today: "The Company continues to benefit from the return of Cobre's major client and the addition of a substantial new client." Is this the client referred to in 18.1.24 and 7.3.24 RNSs? I've just asked SML the question, I'll share the response, if any. |
Posted at 07/10/2024 06:46 by sleveen What a coup, great news.IJD I don't believe that SML produces quarterlies, SML have said previously that they will only provide H1 and FY figures. Expect a pro active vid soon. |
Posted at 07/10/2024 06:22 by imjustdandy The engines have now started on this giant Cornwall asset which is very very encouraging. SML now has all 3 assets in play at long last. I can see this heading back towards 2 pence without much too much difficulty. Cornwall is now in play and that's what the market has been waiting for. Q3 results from Cobre next week are expected to be strong too. You won't get to buy much stock below 0.4 today. Onwards to 2p |
Posted at 28/9/2024 10:38 by imjustdandy Looks like our new Chairman who is also our largest shareholder is stopping the nonsense whereby this CEO has been over promoted and over paid. This is super encouraging and will allow SML to start building cash for shareholders again. Worth reading this section v carefully. Well done our new Chairman. This is very very encouraging and will definitely feed through into a stronger share price.The rebound in the Company's profitability in the first half of 2024 has been welcomed and largely reflects the return of Cobre's major client after a 14-month hiatus. To survive the rigors of 2023, the Company extended terms on its suppliers and paid only a small portion of the remuneration due to the Board and Management in 2023 and the beginning of 2024. Accordingly, after working capital stabilised, the Company prioritised repayment of external creditors which are now in line with market norms. Early in 2023, as the largest shareholder in Strategic Minerals, I pressed the Board on the lack of progress at its projects and the effect this was having on the Company's share price. The then Board acknowledged the difficulties it was encountering in securing investors/buyers at the asset level for the Leigh Creek Copper Mine ("LCCM") and the Redmoor Tungsten and Tin mine ("Redmoor"). The Board then volunteered that, should certain milestones around funding and share price not be met in 2023, the Board would forgo 50% of its remuneration. As one of the key potential funding sources dragged onto Q1 2024, some leeway was provided and the 2023 financial accounts reflected the full amount of Directors remuneration, accruing unpaid amounts to which an 8% per annum interest rate was applied. This rate was agreed by the then Board. As the proposed funding was not forthcoming, the Board, after the AGM in July, agreed to a temporary adjustment being made in the 2024 remuneration to Executive Directors that ensures 50% of the total Board's base remuneration in 2023 is recouped by the Company. These adjustments, as they relate to the first six months of 2024, are reflected in these interim results. Repayment of short-term funding facilities, raised for working capital purposes during the first quarter of 2024, along with amounts and interest accrued to Directors, are expected to be cleared in the second half of 2024. With sales at Cobre exceeding our previous expectations, we are confident on continued positive momentum for the second half of 2024, and the Company is actively working on securing similar arrangements for 2025. |
Posted at 10/7/2024 16:15 by iceagefarmer heres an example of a city shill on lse..he/she has been a member for 11 years on there and has only ever posted about SML..ask yourself why he post this now?Gorsuch has left the building.Today 16:45 Well finally as this gravy train started to climb the hill, I managed to jump off with only a 40% loss. I just don’t have the time or patience to hang around waiting for SML, this was my final investment that I had left to cash in, so now it’s time to enjoy my life in the sun. It has been a love hate relationship with SML, I’ve loved the challenge of researching what SML were actually up to, but hated all the lies and deceit that I found, although in a funny way it has been fun and I will miss it, especially some of the characters on here. Over the years I hope to some degree I have been useful to the forum, but for those of you still on the gravy train, whether through hope, or despair, I wish you all the very best of luck. Gorsuch |
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