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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% | 0.225 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 20/1/2025 07:09 by iceagefarmer BOOM!20 January 2025 Strategic Minerals plc ("Strategic Minerals" or the "Company") December Quarter 2024 and Full Year 2024 Sales and Cash Balances Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company, is pleased to provide the following update on the Company's ore sales at the Cobre magnetite operation in New Mexico, USA ("Cobre") for the quarter ended 31 December 2024 and the full year 2024. Highlights · December quarter sales volumes of 19,952 tonnes (December quarter 2023: 4,478 tonnes). · Full year sales volumes of 70,658 tonnes (Full year 2023: 17,965) exceeding prior management guidance. · December quarter revenue of US$1.33m (December 2023: US$0.39m). · Full year revenue US$4.7m (Full year 2023: US$1.5m) and exceeding guidance. · Group cash balance of US$0.62m as at 31 December 2024 (US$0.10m as at 31 December 2023). · In November the Company announced an extension of its access to the Cobre Magnetite stockpile from 31 March 2027 to 31 March 2029 and a new significant purchase order for 2025, underpinning the revenue profile of the Company going forward. · In December, the Company's 100% subsidiary Cornwall Resources Limited ("CRL"), announced relogging and sample of its existing diamond drill core at the Redmoor, leveraging a positive environment for critical minerals as designated by the EU Critical Raw Materials Act and the UK 2024 Criticality Assessment. Sales update: Cobre magnetite tailings operations The Company posted record sales volumes in the December quarter 2024 at 19,952 tonnes, and the largest annual sales volumes for the full year since 2017 at 70,658 tonnes, equating to US$4.7m of sales revenues, exceeding management guidance and representing a significant increase relative to 2023 annual sales revenue. The Company continues to benefit from the return of Cobre's major client in the 2024 operational year and the in-country team have consistently delivered when scaling operations to meet demand. On 28 November, the Company announced an extension of its access to the Cobre Magnetite stockpile from 31 March 2027 to 31 March 2029 and a new significant purchase order of up to 30,000 tonnes from a major client for 2025, underpinning the revenue profile of the Company going forward. Sales comparisons on quarterly and annual periods to 31 December 2021, along with associated volume details, are shown in the table below: Tonnage Sales (US$'000) Year 3 months to Dec 12 months to Dec 3 months to Dec 12 months to Dec 2024 19,952 70,658 1,335 4,741 2023 4,478 17,965 391 1,576 2022 5,638 36,281 464 2,446 2021 7,245 42,637 493 2,611 Cash Balances As at 31 December 2024, the Company's cash balance was US$0.62m (31 December 2023: US$0.1m). This was due to stellar operational performance for the full year, as well as early realisation of certain debtors. In H2 2024, the Company also cleared US$0.49m of liabilities, attributable to working capital loans & interest (US$0.10m), former Director & Management fees (US$0.10m) and Director & Management fees (US$0.24m). This is a significant achievement and leaves the with a clear path to continue to rationalise the portfolio and increase the focus on CRL and critical minerals exploration and development. Cornwall Resources Limited In December, the Company's 100% subsidiary CRL, announced it was continuing to develop the Redmoor Tungsten-Tin-Copper Project through a process of relogging and sampling of its existing diamond drill core, and other exploration and project activities in order to further define drill holes targets and expected to lead to both an updated geological model and ultimately a revised new mineral resource. Exploration and development work continues within an increasingly favourable environment for critical minerals, with tungsten and copper being designated "Strategic Raw Materials" under the EU Critical Raw Materials Act and tungsten and tin designated under the UK 2024 Criticality Assessment. CRL will now pursue a number of strategic project applications now open to the Redmoor Project. Commenting, Mark Burnett, Executive Director of Strategic Minerals, said: "The Company posted some significant operational and financial results in 2024 which will support the business in 2025 as we continue to rationalise the portfolio, maintain focus on critical minerals exploration and development at the Redmoor Tungsten-Tin-Copper Project, and strive to deliver returns to shareholders. I would like to thank the whole team for their dedication and determination in 2024." |
Posted at 15/1/2025 05:25 by imjustdandy Looks a sound buy. Cash coffers should be rebuilt at SML. Good management now running the company. 4m valuation looks light |
Posted at 04/12/2024 06:38 by imjustdandy I think you'll see Cornwall listed as a separate company far in excess of 30m. Hopefully SML will retain 60% of the new listed co. Cornwall is the big prize |
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 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 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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