Strategic Minerals Share Discussion Threads

[the stigologist] 23/9/2015 12:48

mug pumpers gone very quiet

[the stigologist] 23/9/2015 12:48

mug pumpers gone very quiet

[the stigologist] 23/9/2015 12:47

mug pumpers gone very quiet

[kate dumpston] 19/9/2015 20:02

I see Holden is back posting here again. That usually means a bounce is due.

[turbotrader2] 19/9/2015 18:48

This is a disgrace

[the stigologist] 18/9/2015 11:54

This demonstrates the integrity of the lying conman fenseal3

fenseal3 11 Aug'15 - 15:29 - 32 of 87 1 1

Why would you not want to be in this share, this company has stated that the profit for the year will be between 2m and 2.5m, they expect to pay a dividend, i for one am happy for my dosh to be in here rather than a shell company that can go bust or delist at any time....i for one will not kick a gift horse in the mouth, Gunn and Lenigas paid 2p for their shares you can buy @ 1.32p...i will keep buying at this level so happy for it to stay here, it looks like a distressed seller, more fool them, once gone this will be back to 2p in the blink of an eye!!!!

fenseal3 13 Aug'15 - 16:24 - 38 of 87 0 0

My stop loss got tiggered today, i'm out of here for now...to be honest when a share starts to act they way this has been then i would sell anyway, just was going to hang on....not going to give this up but will not buy untill under 1p, the seller is going to finish this off soon and under 1p seems to be where he or she or group wants this to be, is the seller just angry....if so they may have done me a favor with the stop loss, will look back in under 1p.

I don't normally do a stop loss, but the actions of the mm's and the seller says one thing, shorts at work, and before others say can't be, i know a group that stick together and buy shares in placings with the intention to sell so they can close shorts....wasn't sure here but there is worse to come and the stop loss will become a great decision in the long run.....this is a great company but i'm glad i'm out now, let the destroyers destroy, i will pick the pieces up

[d4vis] 16/9/2015 09:27

Steve - Agreed he can only sell once - Lets hope the shares go to someone who wants to hold them for a while

[cyprussteve] 15/9/2015 21:22

Good point, dropside.
I just wish this coninued seller would stop - however, he can only sell once !!

[dropside] 15/9/2015 18:31

While we wait for the Interims, which came on the 30 September last year, I guess there is not a lot more to say.

So here is a trip down memory lane for some. You won't find this 2012 annual report on the website now, but it is a good back-grounder on Cobre, lot of photos and maps. Cobre was a real earner for SML, nearly £1m a year profit. An excellent project before prices crashed, and could be again when/if prices recover and if we decide to keep it in the meantime.

The interesting point for me is what it shows about the ability of John Peters to negotiate very good projects, this is a project he brought into Ebony Iron Pty Ltd when he was CEO. This company was then bought by Strategic Minerals in September 2011 for £9.4m.

[fenseal3] 14/9/2015 14:03

Blue soon!!!!!!!!!!!!!!!!!!!!!

[fenseal3] 14/9/2015 14:03

Blue soon!!!!!!!!!!!!!!!!!!!!!

[fenseal3] 14/9/2015 14:01

Blue soon!!!!!!!!!!!!!!!!!!

[fenseal3] 14/9/2015 13:45

PMSL!!!!!!!!!!!!!!!!!!!!!!!!!!!

[fenseal3] 14/9/2015 13:44

PMSL!!!!!!!!!!!!!!!!!!!!!!!!!

[fenseal3] 14/9/2015 13:44

PMSL!!!!!!!!!!!!!!!

[the stigologist] 14/9/2015 11:58

back down to new lows soon

placing must be imminenter

[the stigologist] 14/9/2015 11:57

back down to new lows soon

placing must be imminenter

[the stigologist] 14/9/2015 11:57

back down to new lows soon

placing must be imminenter

[ggekkko] 11/9/2015 22:25

Thanks Marab.

[marab] 11/9/2015 21:46

Ggekkko thehog is your man for discussing coal. Tatu produced coal for 30 years to 1971 so the coal seams are well known and there have been a few scientific studies done on the quality of the coal over the years. The most recent testing that I know of was by 3D Resources who had results of -
Ash 5%
Volatiles 40.5%
Fixed Carbon 42.8%
Total Moisture 14.5%
Total Sulphur 1.2%
The figures can be found on page 4 at the link below. Worth a read as it gives some more information on Tatu and the surrounding area.


That compares favourably with the current Indonesian imports.

From an SML RNS-
‘The heat value of the Tatu coal is expected to be ADB (air-dried basis) 24.43 MJ/kg (5,835 kcal/kg) and preliminary analysis shows the coal has similar or better coal characteristics to energy coal currently being imported to the North Island of New Zealand. SML looks forward to converting the historical resource estimate to a JORC resource as soon as practicable.’


xxxxxxxxxxxxxx

‘Managing Director John Peters: “The commencement of the production of the bulk sample is an important step in the delivery of an economically commercial coal mine at Tatu and we look forward to delivering samples to potential customers and finalising feasibility studies as soon as possible. I believe we are well positioned to progress the Tatu project and are in discussions with potential contractors, looking to undertake the construction and operation of the mine, to potentially finance the development of the project. The signing of the non-binding MOU with CCTEG reflects this progress”

[ggekkko] 11/9/2015 20:48

Any thoughts on the quality of the Tatu coal samples?

[marab] 11/9/2015 15:17

In a week’s time (27 September) Solid Energy’s creditors will decide whether to have an orderly disposal of all assets over 2.5 years or sell everything off as quickly as possible.

It’s difficult to work out exactly what this might mean for Tatu, but one would guess that customers are more likely to be concerned with continuity of supply which might well offer extra opportunities for SML. Presumably some potential customers will be waiting for the decision on the 27 September before deciding their best way forward. I would have thought that Alan Broome would be invaluable in that respect as director of the New Zealand Coal Association.
‘The Coal Association of New Zealand represents the interests of over 95% of New Zealand's coal producers and industry users.’


With the bankruptcy of the largest coal competitor in New Zealand, Tatu’s prospects would appear to be far more promising.


With the New Zealand coal market about to undergo a massive change, I can’t see us getting the interims before the very end of this month as SML tries to work out exactly how they can cash in on such an unprecedented situation.

[marab] 10/9/2015 09:30

As foretold by dropside, NZ has cut its interest rate again, this time from 3% to 2.75%. The NZ$ has dropped by around 15% since SML announced the Tatu deal. That obviously means that SML cash will buy more NZ$ reducing spend in NZ, and should make coal imports more expensive giving Tatu a financial advantage.

[marab] 09/9/2015 19:44

TMS ill fated meeting indeed. I remember a couple of points from that meeting-

-‘Focus on PR and selling the story. Company will be active on twitter, website will be updated etc.'
Last thing on the Twitter account was in September 2013, web site still not updated

-‘AGM statement will be bullish’, and we know how that turned out.

None of which will matter in the least if management manage to pull of a decent project.

I wonder if JP is aiming to finance Tatu from actual coal production. That might leave a fair pile of cash to get into another project.
‘The capital investment required is put anywhere from US$3mln – US$6mln, depending on whether Strategic buys new equipment such as continuous miners and shovel cars. There is the option to acquire second-hand kit, or the firm may even opt to bring in a contractor.’


The Board is seeking to secure the funding for construction of the mine through its industry contacts and consultants, which may include joint ventures or debt and has now signed a non-binding Memorandum of Understanding with China Coal Technology Engineering Group (CCTEG) to provide pricing and funding options associated with both the mine equipment and operations.