Strategic Minerals Share Discussion Threads

[laptop15] 30/5/2018 13:34

Why the sharp drop in share price Here guys??

[kael] 30/5/2018 13:08

It's evident the co tract is not sorted. Why leave it to the last minute to let the market known Im sure it's been known for some weeks now. We've lost another 30% in 4 days. The bod is showing weakness when things aren't looking rosy, by hiding away. The damage is done, this will take months to resolve.

[pauliewonder] 30/5/2018 12:59

Agree. WTF is hapening?? So much for the sleep at night factor. This is my worst performing holding this year.

[kael] 30/5/2018 12:50

What the actual is going on here? JP pull your finger out and keep the market updated.

[sleveen] 25/5/2018 07:46

Certainly taking no prisoners with the prices of Sn, W and Cu assumptions used in the PEA. ie using currently high commodity prices rather than trimming the prices by say 10%.


If Redmoor is only economic after using high commodity prices AND needs additional resources I would avoid for the time being and watch progress.

NAI IMHO.

[bobby1904] 23/5/2018 14:35

Have you been in hibernation for last 12months - sounds like the copper price rise is news to you?

[wisteria2] 23/5/2018 10:57

The price of copper is set to rise! according to this article...

[wisteria2] 23/5/2018 08:59

looking great....

Strategic Minerals plc (AIM: SML: USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is delighted to announce an audited 2017 annual profit after tax of $1.586m ($2.234m pre-tax profit).

Financial Highlights
-- After tax profit from operations of $1.586m (2016: profit of $0.351m)
-- Vesting of all existing options and exercise of a majority of the options

-- Successful, oversubscribed, capital raise which was also used to remove potential overhang associated with options vesting
-- Unrestricted Group cash position, as at 31 December 2017, of $3.706m (2016: $1.105m)

Operational Highlights

-- Threefold increase in domestic sales at Cobre magnetite stockpile in New Mexico, USA ("Cobre") to $5.637m (2016: $1.552m)

-- Acquisition of the remaining 50% of Central Australian Rare Earths Pty Ltd ("CARE") prospective for cobalt, gold, nickel and rare earths

-- Drilling programme conducted at CARE's tenements at Hanns Camp, Western Australia resulting in findings of both cobalt and nickel sulphide

-- Completion of acquisition of 50% of Cornwall Resources Limited ("CRL"), a brownfields tin/tungsten project in the historic tin mining region of Cornwall, United Kingdom. In accordance with shareholders' agreement the proceeds were applied to a drilling programme completed during 2017

-- Entered into a binding term sheet for the acquisition of the Leigh Creek Copper Mine ("LCCM") in South Australia

-- The Company is focusing its strategy on metals and minerals that the Board believes are likely to benefit from a perceived boom in the battery market

[troutisout] 16/5/2018 22:51

53 minutes in....

[bigglesbingham] 16/5/2018 07:56

Another question people have is why prior to opening do the prices show large increases decreases then at 8 they revert to previous figures. This is simply different market makers turning their systems on with various bid offers. Until all systems on at 8 the true max bid offer not reflected. Cheers

[bigglesbingham] 16/5/2018 07:51

The way the system works on ADVFN is quite simplistic but once you know it makes sense. They look at max bid offer spread so let's say 1.45 to 1.60. The actual best bid offer may be buy 1.51 sell 1.49. So if someone buys at 1.51 this is less than the mid price of the max bid offer (1.525 in above example) so its marked as a sale.

[mkwarriors] 15/5/2018 19:47

That's just it ... we can't, but the share price is being kept low for a reason, mm's will take as many shares as you can throw at them ..... I wonder why that would be. Could it be they know how good this company is and are loading up for a run north when they are ready?

[2grich] 15/5/2018 17:43

It marked my buy as a sell how can we trust it?

[plasybryn] 15/5/2018 07:54

Anyone going to tonight's presentation?

[wisteria2] 26/4/2018 08:19

Well I was expecting an update on the newly acquired copper mine in OZ! not good news but sounds like a formality.

[nateroyd] 26/4/2018 07:44

Read posts on LSE.

[nateroyd] 26/4/2018 07:22

New Rns out

[bigglesbingham] 25/4/2018 16:59

Just dipped my toe in

[wisteria2] 22/4/2018 14:40

Private equity targeting copper mining after majors wilt on Capex - Metal Bulletin



'Private equity funds are looking to capitalize on gaps in the copper supply pipeline by investing in small-scale mining projects, Pala investments managing partner Stephen Gill told Metal Bulletin.

In an interview during the Cesco Copper Week in Santiago, Chile, Gill said that copper miners face a series of obstacles in bringing large-scale mine supply into production and that a lack of capital expenditure since 2012 has brought about a deficit situation that should come into play next year.

This situation provides a prime point of entry for private equity funds, such as Pala, to gain from the potential upside for copper prices by bringing smaller mines into production. “Structurally, today is a most interesting time to be an investor,” said Gill, whose Pala Investments fund is a cornerstone investor in US miner Nevada Copper.

A constrained supply pipeline - The opportunity for investment funds comes in the shape of a lack of new projects in the copper mining pipeline, since prices peaked at more than $10,000 per tonne in February 2011....'

[bibs] 12/4/2018 17:56

Vox intriguing......

[nateroyd] 12/4/2018 15:23

On Vox markets today

[bobby1904] 12/4/2018 10:44

Believe it or not (& its hard sometimes) but there are some traders who just slavishly adhere to a 'sell on news' approach! I find it virtually impossible to follow the logic but it does happen. Real investors who buy into a longer term story just need to grit teeth & ignore these fluctuations & keep eyes on longer term prize imo.

[vatnabrekk] 12/4/2018 09:34

Crazy market. Don't know what they want from this.