Strategic Minerals Share Discussion Threads

[pauliewonder] 10/8/2017 17:00

It's frustrating that the market isn't getting this. Im around my limit now so don't want to commit much more but it seems great value given that sales are now dropping onto the bottom line.

[bountyhunter] 10/8/2017 16:10

agreed, that and a weak afternoon for the markets generally I think

[trapissed monk] 10/8/2017 10:05

Bit miffed with rns share price reaction.under radar perhaps? Still,it is a bagger for me. Easy hold.

[pellers] 10/8/2017 08:11

I liked the statement of market cap around 100m compared to currently 28m!

[pauliewonder] 10/8/2017 07:37

Wow, what an rns. A couple of highlights:

-- Transport issues in June see Cobre quarter sales dip before posting record sales in July
Sales are up 4-fold since 2015 and doubled since last year!


-- New customer contract commenced June 2017 bolstering cash balances
Now cashflow positive, demonstrated by adding nearly $1m to bottom line between March 2017 and June 2017 (Cash of US$1.359m as at 30 June 2017 (US$0.695m at 31 March 2017)



-- Profit margin at Cobre for half year to June quarter maintained around 50%
Very impressive given the ramp up in production and will ensure the company is very profitable moving forward, potentially this margin could even get bigger with EOS



-- Board targets a market capitalisation of GBP100m over the next five years
Great to see a focus on not just company performance but also shareholder value. Note the comment about internal and external options being considered. Given how profitable the company is, it wouldnt surprise me to see a special dividend to shareholders.


And finally a comment which is very exciting:
"Over the period, the parent entity continued to maintain a tight control on overheads which remain, on an annualised basis, under US$1 million (excluding variable project review costs, foreign currency movements and non-cash adjustments).

With sizeable cash flows and receipt of the final rail settlement payment, the Company has a healthy cash balance, which at 30 June 2017 was USD 1.359m (31 March 2017: USD 0.695m). Given the level of profitability being currently generated from the Cobre project, these balances are expected to build throughout the year despite committing funds to development projects.

During the June quarter, the remainder of Directors and Management options became vested as the share price had a sustained period above the final vesting requirement of 3p per share".

At under 3p this is an absolute bargain.....very happy with the rns, as you might tell.

[pauliewonder] 07/8/2017 10:49

Great special action here today pending update.

[wisteria2] 31/7/2017 13:53

News that they have renewed the contract on cobre mine will see the share price double!! but expect the Cornish drill results before that!

[johnpolonius] 31/7/2017 10:25

Positive response to the extra 2 drill holes. Surely to goodness this has BUY written all over it? GLA :)

[pauliewonder] 27/7/2017 21:20

Just looking back at the rns list. I would urge any prospective investors to check the previous rns list before discounting/ investing. My view is that this is a bargain given that we are now at cash flow funding operations. Time to make hay before the real rises.

[pauliewonder] 27/7/2017 19:21

Surprising fall yesterday following the recent positive news. I'm well stacked up here but may top up if we drop again. At some point people will finally realise that this is cheap at anywhere under 5p. We are now building a business from cash generated within the business. A great position to be in

[guyswonga74] 27/7/2017 11:34

Maybe a leak. Lots of buys today

[pauliewonder] 25/7/2017 07:45

Good news. Like this bit, it's a good position to be in and shows the company is doing well:"The sustained strong sales performance of Cobre, continues to provide the Company the opportunity to internally fund this programme, along with its planned stage two programme, without diluting existing shareholders."

[plasybryn] 22/7/2017 13:11

News: Seems to have gone very quiet for a Co. that prides itself on shareholder information. Could we get something next week?

[johnpolonius] 18/7/2017 21:24

That is hilarious but I agree with sentiment 👍

[wisteria2] 18/7/2017 20:18

Shout to wake me up when the results from Cornwall come in!! yyyyyaaaaaaaaaaaaaawwnnnnn.

[pyglet] 13/7/2017 19:18

when is the next bit of news due?

[easwarareddy] 05/7/2017 22:46

Nice finish. 8 percent up. Looks well for tomorrow

[pauliewonder] 03/7/2017 11:27

Cant believe we are down again at these ridiculous levels. Surely wont last long. So much potential, and we saw how quickly this shot to 2.8 on a bit of buying.

[miahkaysor] 30/6/2017 13:17

could see a BLUE afternoon!!!

[master rsi] 30/6/2017 12:59

Not many takers yet at the new offer 2.40p, but a good 484K buy @ 2.39p, well over the Market size 300K and is lunch time, but the shares seems like bouncing back from the sharp marked down earlier

[miahkaysor] 30/6/2017 12:48

Cheapest AIM!!Debt free!!!

[master rsi] 30/6/2017 12:44

Overhang reaching the end after the marked down or end of the week profirt taking

The earlier 1M sell at 1.3271p delayed must be getting to the end by now, as they are asking full offer 2.35p by SING

10:40:48
2.327
1,000,000
says buy but is delayed sell

[pauliewonder] 30/6/2017 08:11

Good start again this morning on the run up to 3p and beyond

[pauliewonder] 29/6/2017 14:06

Yes good to see it blue again. Think we could be in a period similar to that of a few weeks back that got us to around 3.5p which would still be cheap as chips in my view.