Strategic Minerals Share Discussion Threads

[the brex pistols] 29/9/2017 11:09

Rock solid balance sheet..

'Cash and cash equivalents at 30 June 2017 of $1,259,000 (31 Dec 2016:
$1,105,000). These cash balances have been maintained despite having no
substantial public raising during the period and further funds are expected
from the strong cashflows being generated by increased Cobre sales.'


Commenting, John Peters, Managing Director of Strategic Minerals, said:

"The first half of the year has seen the Company on the move, consolidating
corporate project acquisitions and adding strategically important clients and
I couldn't be more pleased with the Company's performance. As Cobre sales
have increased, the resultant underlying profitability has transformed the
Company and provided it the luxury of being able to self-fund value adding
exploration programmes, without diluting shareholders."

[the brex pistols] 29/9/2017 11:07

'1013% increase in operating profit to $690,000 (H1 2016: $62,000) from
the Company's Cobre operation, prior to intercompany management charges,
continues to underpin corporate cash flow and is expected to accelerate in the
second half of 2017 in line with the commencement of the new and substantial
contract in June 2017.'

[the brex pistols] 29/9/2017 10:52

We are Buying in here now.

[edgein] 29/9/2017 08:08

"The Board and Management considers prospects from its Cornwall Resources and CARE investments to be very encouraging. We continue to look to further expand our three core projects through exploration, development and corporate activities as part of our primary focus on providing shareholder returns with the ambition of increasing market capitalisation to GBP100m in the near-term."

8p per share would do very nicely,

Regards,
Ed.

[plasybryn] 20/9/2017 12:47

Who rattled our cage?

[pyglet] 12/9/2017 14:19

added today.

[pellers] 08/9/2017 14:15

This is just an excellent well managed with excellent communications by bod. The price announcement also great because it shows growth but in a manageable way over 5 years. True investors share rather than 10%ers

[pyglet] 08/9/2017 13:36

higher lows - improving chart - nice

[simonparker5] 07/9/2017 07:59

wisteria2 my understanding is that anything over 1% is very good.

[wisteria2] 07/9/2017 07:58

Looking like there is more to the prospect than originally thought, with more holes to be drilled. Anybody know what good grades for Sn are. gla holders

[easwarareddy] 07/9/2017 07:18

Sorry redmoor

[easwarareddy] 07/9/2017 07:17

Redwood results out.... wow

[pauliewonder] 05/9/2017 07:26

Another fantastic RNS. Scaling up sales hugely. Bodes very well going forward. July and august months both more than 2015 sales alone.....excellent.

[mostro] 01/9/2017 10:15

Nice Blue Move!!

[bountyhunter] 25/8/2017 13:20

Strategic Minerals Looks To Raise Market Cap Fivefold Over Five Years

[easwarareddy] 13/8/2017 13:21

https://audioboom.com/posts/6195236-845-motif-bio-mtfb-strategic-minerals-sml-horizonte-minerals-hzm-connor-campbell-alan-greenWhat was interesting by our ceo around why people should invest was 1. They are adding value, 2 they have set a target of 9p within 5 years but confirmed that in the past they have beat their targets early so they are cautious with their targets and length of time. This is really good as again means we will likely be at 9p well within 5 years and at 5 years likely be higher. 3rd thing which was interesting for those on the fence or newbies... he said better to buy during a consolidation period ready for the next leg up. He confirmed we are in a consolidation period. Therefore time for newbies and top ups during this period. He can't be any clearer than that. On average based on 9p within 5 years we will likely rise a bit under 2p a year. Given we will likely hit the target well within this timeframe and we have plenty value adding news these next few months... we may get a lot of this value this year.... hmm gets even more interesting. All good news.

[pellers] 11/8/2017 09:53

Ridiculous sell off this morning but opportunity to hoover up more for us lth

[pellers] 11/8/2017 08:14

I think what put some people off is that the bod quoted 100m marcap in 5 years. A lot of people want quick returns

[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.