Strategic Minerals Share Discussion Threads

[marcus2013] 11/10/2015 19:53

If the last accounts are correct SML made $54 a tonne GP on domestic sales.
Only $71000 every 6 months for director salaries.
Bought own screening unit to reduce costs.
Significant reduction (over 60%) in annualised overheads
Substantially reduced operating costs at Cobre
September sales likely to exceed 2,000 SWT in the month.
Cash on hand as at 31 August 2015 was US$1,552,000
MC $3,000,000
Contract to acquire 100% of Tatu Project in New Zealand secured
Maiden JORC resource of 6.72 Mt of measured and indicated thermal coal estimated at the Tatu Project
Currently extracting a bulk sample from the Tatu mine site
Site visit to the Wanbao Project in the period and is continuing discussions with the vendor and potential financiers of the project.
All the Australian projects have been or are in the process of being binned.
Company raised £1,000,000.
Share options to certain directors, executives and employees of the Company of either 1.5 pence or 3 pence.

Rumours
Wanbao could have a billion tonnes of coal.
Three large steelworks within transport range.
Deal done for equipment.
Output over 1m tonnes per year, could be double.
RTO through SML.
Campaign to reduce SML MC before RTO.
Some parties mopping up shares now.

[marcus2013] 11/10/2015 18:00

If the last accounts are correct SML made $54 a tonne GP on domestic sales.
Only $71000 every 6 months for director salaries.
Bought own screening unit to reduce costs.
Significant reduction (over 60%) in annualised overheads
Substantially reduced operating costs at Cobre
September sales likely to exceed 2,000 SWT in the month.
Cash on hand as at 31 August 2015 was US$1,552,000
MC $3,000,000
Contract to acquire 100% of Tatu Project in New Zealand secured
Maiden JORC resource of 6.72 Mt of measured and indicated thermal coal estimated at the Tatu Project
Currently extracting a bulk sample from the Tatu mine site
Site visit to the Wanbao Project in the period and is continuing discussions with the vendor and potential financiers of the project.
All the Australian projects have been or are in the process of being binned.
Company raised £1,000,000.
Share options to certain directors, executives and employees of the Company of either 1.5 pence or 3 pence.

Rumours
Wanbao could have a billion tonnes of coal.
Three large steelworks within transport range.
Deal done for equipment.
Output over 1m tonnes per year, could be double.
RTO through SML.
Campaign to reduce SML MC before RTO.
Some parties mopping up shares now.

[the stigologist] 07/10/2015 12:17

wah wah waaaaaah

is a 0.1p placing coming ?

[dropside] 05/10/2015 19:15

Interesting to listen carefully to the interview with John Peters, how many times he mentions Cobre in his answer without being asked. They have obviously spent some man hours getting Cobre sorted out and it is now looking much healthier.

The Chinese project is still continuing although I think they have gone beyond the 6 month evaluation period. They must be seeing enough there to stay working on it.

Tatu making progress too, the interview suggests they are talking to the technical guys first then they will talk to the buyers.

For a small management team they are certainly working hard and I believe the comment about missing sleep with the different east to west time zones involved. A small market cap still for all this, I am happy to be patient.

[yasx] 02/10/2015 09:41

Peters can shout all he likes, but, the reality is that the previous announcement in which he made clear profitability was years away and that progress would be leisurely at best can now not be eviscerated with a more optimistic tone. His attempt that day to follow up with a second announcement indicating the market had misinterpreted the first was just laughable.

If this ever gets back to the placing price, sellers will be out in their droves.

[thehog2] 01/10/2015 08:33

Good morning,

Good RNS, it's good to see the BOD have been busy despite the quiet news period.

When I was at the mine I raised the matter of buying a screener of Southern Minerals own as there were then Chinese ones available at good prices. I was told that the sub contractors were the cheapest option at that time which made sense when one considered the tonnage being moved.

Clearly with the reduced tonnage, at much higher margins, we are now dealing with the commercial calculation has shifted as the company have been calling in sub contractors as and when required.

I can't help wondering if the new screener has come from a firm being talked to about Tatu......

TH2

[ggekkko] 30/9/2015 20:55

This was a superb RNS given what many were thinking.

[proactivest] 30/9/2015 12:18

Video interview with MD Peters



John Peters, managing director of Strategic Minerals (LON:SML), says the company could have its hands on another project within the next six months.

The business is looking at the Wanbao project in Jilin province, China as a potential addition to its portfolio.

It already runs an iron ore project – Cobre - in New Mexico, which moved into profitability in the first half of this year.

It also has a 51% stake in the Tatu coal project in New Zealand.

Speaking to Proactive, Peters describes April’s £1mln fund raise as “crucial” and the first half as “transformational.”

[fenseal3] 30/9/2015 08:44

My stop loss was triggered here, but back in today......what a great company this is!!!!!8-)

[d4vis] 30/9/2015 07:53

Setting expectations for further improvement in profitability...

New sales arrangements instituted at Cobre which has already increased sales substantially in September 2015 with it now likely to exceed 2,000 SWT in the month

[d4vis] 30/9/2015 07:49

RNS - looks encouraging

[d4vis] 26/9/2015 12:28

Drop - Great post. I think the mining sector is closer to the bottom than it was this time last year :-)

[shorttozero] 25/9/2015 17:27

She's an idiot. Been calling the bottom for three years i think.

[shorttozero] 25/9/2015 00:10

Is marab bankrupt or dead ? Not posted for two weeks.

[shorttozero] 25/9/2015 00:10

Is marab bankrupt or dead ? Not posted for two weeks.

[shorttozero] 25/9/2015 00:10

Is marab bankrupt or dead ? Not posted for two weeks.

[shorttozero] 25/9/2015 00:10

Is marab bankrupt or dead ? Not posted for two weeks.

[d4vis] 25/9/2015 00:02

Hi Steve/Drop - just checking I'm not the only one just watching and waiting. Not seen Marab here for a while so I'd like to wish him well and hope to read him on here soon.

[dropside] 24/9/2015 19:09

Maybe not a big effect but another step in the right direction as far as NZ domestic coal competitiveness is concerned.

[ggekkko] 24/9/2015 18:15

Another large one dumped. 5m.

[d4vis] 24/9/2015 16:21

Was it something I said - No recent posts here?

[the stigologist] 23/9/2015 15:12

going sub 0.20p by looks of things