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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 0.0% 0.40 0.35 0.45 0.40 0.375 0.40 13,318,627 12:34:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.6 1.5 0.1 4.8 7

Strategic Minerals Share Discussion Threads

Showing 8376 to 8399 of 8400 messages
Chat Pages: 336  335  334  333  332  331  330  329  328  327  326  325  Older
DateSubjectAuthorDiscuss
16/10/2020
11:09
Adding the quarterly sales figures the sales revenue is $2.990m to Sept 2020 an uplift of $583k from $2.407m to Sept 2019; a 24% increase. No need to "enhance" the figures with the extra $750k.
sleveen
15/10/2020
15:41
Trout Seen your comments on LSE Well spotted. SML normally exclude the forfeit figure for comparative operational purposes. They should have excluded and deducted the $0.75m, that would be in the same format as previous quarterly updates. As a result of poor cut and pasting something odd appears to be happening, which is not the case IMHO.
sleveen
13/10/2020
13:41
Spin it, is exactly what they did, the 3rd qtr was down, against June qtr and Sep last year and yet they lead with, "Sales volumes at Cobre continued to grow strongly in the September 2020 quarter, up 55% year on year" However we can see that Sales volumes at Cobre did not grow strongly in the September 2020 quarter, they were down, so it was all spin using the yr on yr comparison. As for the tax, they couldn't pay it when it was due as they didn't have the cash, luckily a deferral was available due to Covid and they took it, arranged a placing which allowed them to raise some cash for paying off NAE and also covering their tax bill for the previous period.
troutisout
13/10/2020
13:29
I'm not too concerned by the quarter on quarter fluctuations but will pay closer attention to the YoY. By the same token, September Qtr was down 14% as you say, but June was up 81%, an increase of 23% across the 2 quarters YoY, so there's a few ways you can spin it and the figures don't seem too reliable in terms of a Qtr on Qtr trend.
aim0raider
13/10/2020
09:28
aimoraider, The tax was mainly paid from the cash balance, $533k down to $264m during the period. The tax was deferred at the Company's choice and this was because they didn't have enough cash to pay it in the period owed, they paint it as good financial management, but ultimately part of the placing paid the tax bill.... Also Sept 2020 quarterly figures are down on the same period one year ago and also the Jun and Mar periods this year....
troutisout
12/10/2020
20:34
Copper is 3.06 and the npv includes the capex to arrive at it. It's is not deducted from it.
aim0raider
12/10/2020
14:21
That was a reply of mine from a few days ago to someone else. Obviously the current metals prices are slightly different today, but the point is remains valid
the deacon
12/10/2020
14:14
They use $3.18 copper (currently $2.96), $20k tin ($17500) and $300 Tungsten ($230). NPV for the project is $90m at the prices they used above, and at the capex to build is $85m. At today's (bracketed above) prices it's fair to say the capex required is greater than the NPV. Just think it's not quite robust enough to attract a serious partner - yet.
the deacon
12/10/2020
13:28
The Deacon, the Capex is behind the NPV, so why say it's uneconomic? Apf, they've paid $0.4m in taxes during the quarter, so the $0.26m cash balance is after that. If they hadn't tackled that, it would have shown considerable improvement since June.
aim0raider
12/10/2020
08:02
I think another placing is inevitable
the deacon
12/10/2020
07:54
The unrestricted cash balance remains low at $0.26m.I thought that would've improved since the last update. It doesn't allow much room.
apfindley
12/10/2020
07:46
Yes NPV. Apologies
the deacon
11/10/2020
19:24
You mean NPV not NAV?
aim0raider
11/10/2020
17:12
After Wolf minerals went bust, and WRES currently struggling to make their tungsten mine viable, I'm not feeling all that confident about this asset....
rookie666
06/10/2020
09:13
Still a very marginal asset. The prices used were still quite some way above today's copper/tin/Tungsten price, yet NAV at those prices sits at $90m, with a capex figure of $85m. Safe to say at today's prices the project is uneconomic.
the deacon
06/10/2020
08:45
I must have read a different RNS, looked good to me, obviously partners needed, but what was there that wouldn't find a partner?
jusjusjus
16/9/2020
10:07
Really wow
roger148
15/9/2020
16:27
If we can get through 0.75p then this could really motor!
jpuff
15/9/2020
16:09
Finally some blue! *silent sobs :-/
bean02
15/9/2020
12:04
John Peters on Proactive https://youtu.be/oFswRxaht1o
richsmithsmith
15/9/2020
09:47
I've upped my stake here at these bargain levels
jpuff
15/9/2020
08:26
Pretty fair results, $500k cash with LCCM developments not too far off...hopefully.
sleveen
14/9/2020
11:24
Https://www.voxmarkets.co.uk/articles/88-energy-strategic-minerals-paul-hill-russ-mould-94f68db/
sleveen
14/9/2020
11:24
I'd be more worried if the increase in POC reduced the likelihood of re-commencement of operations!
sleveen
Chat Pages: 336  335  334  333  332  331  330  329  328  327  326  325  Older
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