Strategic Minerals Share Discussion Threads

[plasybryn] 16/5/2019 17:13

What are you on about JakNife? Have you watched the I/v with Alan Broome.

[plasybryn] 16/5/2019 16:52

smlToday 15:20https://www.proactiveinvestors.co.uk/companies/stocktube/13385/mining-sector-urged-to-become-less-risk-averse-13385.html

[kael] 16/5/2019 12:53

No why are you here? Your points are either opinions or contextually inaccurate. Typical deramper trying to serve their own agenda.

[sleveen] 16/5/2019 12:11

Doesn't matter if they're running out of Aussie or US dollars and need to raise funds.

If a placing is needed it'll be in GB pence and below the current share price

[kael] 16/5/2019 11:55

I doubt that very much. Fostering his own agenda is more like it. Along with yourself.

Given you both cant tell the difference between an Aussie dollar and US...

[sleveen] 16/5/2019 11:43

He's doing you a favour by posting a "real world" interpretation of the SML performance.

[kael] 16/5/2019 09:59

Why are you here then. Move along.

[vatnabrekk] 16/5/2019 09:44

I see a number of posters on this and other BBs making the mistake thinking that this shows an overall profit of $5M, difference between NPV of $94M and Capex of $89M. Not so. The NPV of $94M indicates that the project would produce additional wealth of $94M for the company, in present value terms. In other words would recover the $89M capex, plus an additional $94M.

[paleje] 16/5/2019 09:29

It isn't $4m net value, which would be the difference between capex and NPV. The NPV calc already includes the capex requirement but not the cost of getting it. In any case yes, it's an opening shot which they intend to, and will, improve on imo.

[pauliewonder] 16/5/2019 09:15

Think this is massively oversold. The $4m net value is it's current position and the board are clearly optimistic that there is asmddivmtional upside. They wouldn't be investing an additional £5m for a long term $4m profit. Happy to pick up at these low prices.

[sleveen] 16/5/2019 07:59

No wonder private investors lose money, most can't interpret accounts.

What JakNife says it true FFS.

[sleveen] 16/5/2019 07:58

----->Underground mine, 600ktpa, capex $89m, IRR 19%,why even bother it's 3-5 years away at least?

vs WRES open pit 2mtpa, capex $35m, IRR 100% or thereabouts. 2 MONTHS AWAY from ramping up to full scale production.

[troutisout] 15/5/2019 15:07

You are so 2013......

[troutisout] 15/5/2019 12:49

Well as a substantial shareholder here, I am quite happy for the Directors to receive that remuneration, you see what they have conceived and brought to fruition is well worth paying them that. If you don't understand why shareholders would feel that way, then you haven't looked at the growth of the assets they have bought and proved up.
Very happy with their work so far, Leigh Creek, Redmoor, Cobre and CARE. What's not to like!

[briggs1209] 15/5/2019 12:29

Well I sold today. Even though the fund raising has been flagged in advance I think small cap companies often get fleeced when raising cash. I will look again once the cash is available.

[troutisout] 15/5/2019 10:41

Not sure why you think the Directors have their snouts in the trough, looks like you are using the 'one liners for deramping book'.

However the uplift in value for Leigh Creek could also come from tangible figures,

"Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that its Leigh Creek Copper Mine ("LCCM") operations have recommenced copper production at the Mountain of Light processing facility and has, as a result of drilling, upgraded the estimated JORC copper resource at Paltridge North by 46% to 10,800 copper metal tonnes"

[plasybryn] 15/5/2019 09:43

Agreed. Is was cheap because all those who looked at it thought it would never produce viable copper. SML have proved them wrong. They have invested significantly since both time & money and the updated valuation has obviously been approved by the auditor. Seems sensible & appropriate to me.

[kael] 15/5/2019 08:12

Bargain purchase is standard accounting practice if you think they haven't acquired a bargain that's your opinion. Time will tell but the facts are they have acquired a significant resource at a discounted price."Since acquisition, the Company has assembled a highly experienced team to execute the restart of operations and has invested significantly in drilling and understanding the metallurgy of the site to ensure previous mistakes in the heap leach treatment of the ore are not repeated. The Board continues to be excited with the LCCM acquisition, having obtained 24,900 tonnes of JORC compliant copper metal at less than USD 100 per tonne. The value of the bargain purchase of LCCM has been reflected in our accounts as a gain on acquisition of $2,162,000."No jiggery pokery, it's written in black and white.