Strategic Minerals Share Discussion Threads

[vatnabrekk] 16/10/2017 11:04

Bearish? Yes, I could bear that!

[ajmace] 16/10/2017 10:45

Cup and handle would be bearish at about 3.6p, wouldn't it?

[trapissed monk] 16/10/2017 09:14

What I like about this share is it seems to remain "underground" (sad pun)
BB is lively when something happening and not guys buying Mercs and yachts!
One concern; I'm also in ggp and am worried aussie is gonna sink with all the holes in it!

[the brex pistols] 16/10/2017 09:07

..and there is no reason known to man, why it won't reach that level, and then continue to climb.

[vatnabrekk] 16/10/2017 08:51

Needs to get up to 3.5 to form a proper "cup".

[the brex pistols] 16/10/2017 08:26

Looking at the long term chart, the pattern forming is the classic 'cup and handle' formation.

..as SML becomes the "must have" stock again.

[edgein] 16/10/2017 08:21

Looks like a very solid project in a safe area and more importantly at low cost and early start up when they move the current plant. Handy time to have millions of free cash flow from existing sales. Wouldn't be surprised if there are others as good as this on the management's shopping list.

Regards,
Ed.

[wisteria2] 16/10/2017 08:17

looks ok the new investment ...... time will out ! gla holders

[wisteria2] 14/10/2017 17:20

Looking good bounce back above 3p. gla holders

[the brex pistols] 13/10/2017 13:08

The management at Cobre has not only been able to increase sales but also
increase profit margins at Cobre to in excess of 60% for the September 2017
quarter. The Board and Management considers that, on the basis of current
sales, this profit margin can be maintained throughout 2018 and that annual
sales are likely to exceed US $5m.

[the brex pistols] 13/10/2017 13:04

So under valued it makes us wince!

[nateroyd] 13/10/2017 12:12

Yes movement

[greatfull dead] 13/10/2017 12:04

Got in earlier.

GLA,
GD

[10p here we come] 10/10/2017 09:08

sp wise, there is absolutely nothing in the way of 3.5p short term.

Further on - 8p is a sensible target, with a 10p intraday overshoot most likely!

[edgein] 10/10/2017 08:04

Wow, best Q to date and its likely to get better still as they're reaching a full Q of sales like September. Great to know they can internally fund expo to expand the company further all without debt. No wonder management are setting a 5.75-8p target on these in the near term.

Regards,
Ed.

[10p here we come] 04/10/2017 10:12

I'm Buying this absolute bargain right now alright!

[the brex pistols] 03/10/2017 09:55

We did Add. Did you?

[the brex pistols] 02/10/2017 23:48

Been a good day for topping up. Hope you joined us?

If not - first thing..

[the brex pistols] 02/10/2017 10:40

Soon be motoring North. You'll see.

[trapissed monk] 02/10/2017 10:24

really hard to leave this share price area.as said b4,healthy % paper profit but it's playing hard ball,but i'm staying put! grrrr

[the brex pistols] 02/10/2017 09:37

Adding now. Has to be done!

[pauliewonder] 29/9/2017 13:16

I bought in firstly at 3.4p after watching it go from 1.8p upwards. Topped up in ISA at 2.2 and still find it crazy that we are at these levels. Cash generative, rapidly growing and able to fund other asset purchases without dilution. Add to that increasing prices, a history of achieving targets and a complementary operating environment and this should be steamrolling to new highs. Once the rest of the world sees the growth prospects here I dont think 8p is unreasonable at all. In fact I could see 8p based on current expectations given some of the crazy valuations that are out there.

[edgein] 29/9/2017 11:28

TBP,

The best has yet to come. I bought in after the August sales RNS. July-September sales are not in these fab results, they'll be in the finals, but great to see them record a profit to June. Hadn't expected that I thought profitability was coming in H2 rather than H1. That is gonna jump somewhat on subsequent sales. No wonder management suggest a 8p target near term. Profit will allow internal funding of expo.

Regards,
Ed.