Strategic Minerals Share Discussion Threads

[divmad] 19/3/2019 18:52

Who is the big constant seller?

[plasybryn] 18/3/2019 16:32

Down on solid news. Ha ha

[edgein] 18/3/2019 08:05

Taking 100% of Redmoor is a very good future strategic move, especially after LCM development.

Regards,
Ed.

[greatfull dead] 18/3/2019 08:01

Sorry, I am busy, I can't help there. I really don't have the time.

I need to get myself another house. Pulled the plug on the house I was going to buy. Surveyors report!!!

I am sure you understand. Others may help you.

ATB,
GD

[divmad] 18/3/2019 07:36

Morning GD. Now I am interested! But what is the expected capex requirement for getting Redmoor into production? How can sml fund it by going alone?

[greatfull dead] 18/3/2019 07:33

Another good RNS.

The share price should start to move to new a high soon. The SML BoD are doing everything right and IMHO will continue to do so.

GLA
GD

[fillipe] 12/3/2019 13:47

Good for you, wifey....

[fillipe] 12/3/2019 13:44

re; above...

f

[pyglet] 12/3/2019 13:31

Whoa Nice buy there from non execs wifey

[greatfull dead] 12/3/2019 09:50

It does.

GLA,
GD

[fillipe] 12/3/2019 09:42

Looks as though the seller has gone.

Share price on the rise again.

f

[fillipe] 11/3/2019 15:54

Anyone know why so many folks are cashing in their chips here?

Thank you for any mentions.

f

[plasybryn] 11/3/2019 09:44

Hi S.I. troutisout - wasn't that for just the first 3 months or so. But I agree, probably best to focus on 2020 for $6m plus originating from L.C.

[troutisout] 11/3/2019 07:02

Plasybryn,
It won't be producing 200 tonnes per month for a while after production starts, he mentions working at about 100 tonnes per month to start with.

[plasybryn] 09/3/2019 22:41

Great to hear JP discuss the LC numbers on the recent interview.J.P. says that on 200 tonnes per month we are looking at $6m after tax.($0.5m per month).Plus Cobre with revenue of $2.75m per annum and costs of $1.2m.So circa $7.55m pa after tax or £5.8m pa . On LC he said the costs were fixed at circa 50% based on Copper at $6100 per tonne. So is that $7.3m pa?If copper increases in price the leverage aspect comes into play. He quoted a figure based on a $500 Copper price uplift of $60000 per month I believe. But I can't understand that number.Anyway I reckon we are looking at somewhere between 4.5p and 5p based on EPS by early next year, discounting any value for Redmoor. Anyone care to comment please?And the Feasibility Study on LC by late Q2 early Q3.If L.C. is going to be this profitable and so quickly (by early next year) the share price is going to adjust considerably. Let's hope they don't encounter any problems getting LC up to full production.

[greatfull dead] 07/3/2019 16:40

Great finish. More to come over the next couple of months I believe.

ATB,
GD

[kingkongtimmo] 07/3/2019 12:42

£500m Cornwall council led investment programme, to invest anywhere across Cornwall with the key aim of securing a return. REDMOOR must tickle their fancy.

[kingkongtimmo] 07/3/2019 12:40

https://democracy.cornwall.gov.uk/documents/s500001748/An%20Investment%20Programme%20for%20Cornwall%20Delivering%20Homes%20Report.pdf

[plasybryn] 07/3/2019 12:35

Brilliant stuff

[troutisout] 07/3/2019 12:14

tinyurl.com/y27xeku8

[troutisout] 07/3/2019 12:09

New interview video out.....

[troutisout] 07/3/2019 08:35

Kael,

I have a large holding here and the Cobre issue will be sorted. The thing is there are three options, the main client recommences deliveries, the main client extends the minimum payment deal (this had a backstop of March as at the time the contract with the supplier ran until then, it has since been renewed for another year) and the main client walks away and forfeits their monies paid.

All three of them are positive for SML although the latter may have some short term effect, but with today's RNS that is short term and we have more magnetite to sell a second time over.

So all are positive and only one may have a short term effect on cash flow.

I am chilled by the outcomes and believe we will see an extension at worst and deliveries re-commence at best.

[kael] 07/3/2019 08:20

No they have mentioned nothing about their large buyer who was delivering cash up til 1st march.

[plasybryn] 07/3/2019 07:33

There was an RNS on the renewed contract on Cobre in January. Perhaps you missed it because it was so ahead of time.

[greatfull dead] 07/3/2019 07:28

Another excellent RNS.

The excellent strategy and professional management by the BOD is about to pay dividends from for sure...

First copper JULY/AUGUST from Leigh Creek Copper Mine - Mountain Light.

GLA,
GD