Strategic Minerals Share Discussion Threads

[jotoha2] 17/1/2023 15:50

Looks like the deal is being completed , lets hope so , its been in limbo far to long , on projected figures a medium term share price target has to be 5/6p just amazing that it has been neglected by the market .

[imjustdandy] 17/1/2023 14:50

Weak holders being cleaned out ahead of the rise to 2p

[aimbagger] 17/1/2023 13:45

Pre news run commenced?

[imjustdandy] 17/1/2023 12:44

Negotiations on planned funding of the restart of production are at an advanced stage with a party who has extensively accessed the Company's data room and visited the LCCM site. However, it is stressed that, at this time, no binding arrangements have been entered into and there can be no certainty that such arrangements will be entered into.

[aimbagger] 17/1/2023 12:38

Just bought another 634k, bid is stacked, can sell 10M in one lump. News feels close ??

[imjustdandy] 17/1/2023 12:38

SML on track for £35m EBIT should the funds for LC be signed off. Last update in Dec advised the market Neg were now at an advanced stage. Market cap £6m and potential EBIT £35M. See interview confirming these figures from the CEO

[aimbagger] 16/1/2023 12:31

Great post on LSE:SML is currently trading at a P/E ratio of 70.253 year average for the metals industry is 31.2 so 31.2/70.25 = 0.44 x 0.28 (current SP) = 0.12p is what the share price should be on average based on current income (cobre) only - does not take account for redmoor or LCCM assets.Revenue estimation is 300 tonnes per month x $9,000 USD = $2,700,000 per month x 12 = $32,400,000 per year. Lets say we actually make 10% of that as profit after funding/labour/BOD costs, missed targets etc = $3,240,000 per annum.$63,500 is last year's Cobre profit so $63.5K + $3,240,000 = $3,303,500 annualThis is 3,303,500/63,500 = 52.02 x higher than current profits.52.02 x 0.12p = 6.24p est share price once LCCM is rolling & producing. This is quite a conservative estimation too (based on 10% of expected revenue being profit).I am hoping that SML have learned from the mistakes of previous tenants of LCCM and hope the facility is up to scratch after phoenix's $20m investment into the facility before they left it (+SML's adjustments). Hopefully if they adhere to the DEM's recommendations and have the support of a major copper supplier they can make it profitable. I have a good feeling about the next month or so - GLA

[jotoha2] 16/1/2023 09:46

About time the deal was done.

[aimbagger] 13/1/2023 08:40

Agreed that's optimistic, but not out of reach if everything falls into place. LC will be a cash cow on its own, add together sales from Cobre of £2.5M+ pa, then if Redmoor gets government funding and possible interest from a partner...Co is debt free and profitable, LC revenue after costs should go straight to the bottom line. At current copper price, 300t pm equates to $2.7M pm! (100% owned)

[sleveen] 13/1/2023 07:49

That's on the optimistic side but you never know, one day.

[aimbagger] 13/1/2023 07:45

Can we repeat the same move as the co. saw in 2016?hTTps://twitter.com/aim_bagger/status/1613803684982398977?s=46&t=zCcj8DqEK6QP-XdrsDgoiQ

[aimbagger] 12/1/2023 12:52

hTTps://twitter.com/aim_bagger/status/1613518678020030464?s=46&t=bvynXFxILwmvulXfhwDFkA

[aimbagger] 12/1/2023 08:37

Not long to wait for bags! ? ? "Lodgement of the PEPR for treatment of transitional ores at Paltridge North represents the next step in the expected re-opening of operations at Mountain of Light in 2023, subject to funding. It is expected that this PEPR's approval will be achieved in a time frame that is within the planned mining critical path."While no binding arrangements have been entered into yet, our dealings with a party during the December quarter are very encouraging and the Company hopes to be able to convert this into a binding arrangement early in 2023."Although the time taken to get to this point has been frustrating, the Board now considers it highly likely, subject to finance, that operations will recommence in 2023 and we are encouraged by the rebound in the copper price to around US$4lb."

[imjustdandy] 11/1/2023 09:11

Hopefully many more mentions this month. So much news to be released here

[aimbagger] 11/1/2023 08:35

Co got a mention in thisismoney.

[imjustdandy] 10/1/2023 20:35

Looks exactly right Aimbagger. 2 trades of 40m only 10 seconds apart. Someone getting their ducks in a row ahead of the big move / re rate North.

[slingerman] 10/1/2023 19:27

Could well be right ... but both marked as sells ... .. .

[aimbagger] 10/1/2023 18:23

Looks like a transfer or MM to MM. That would have moved the price one way or another, limits didn't change.

[slingerman] 10/1/2023 17:02

40mill sell but no big buy..91.5 mill traded high volume and price ticks up ...?a buyer TR1 perhaps...? After hours trade buy of 40 mill ....?

[jone06] 10/1/2023 16:58

88million sell order and the price goes up a bit! I don't get this share sometimes

[aimbagger] 10/1/2023 15:44

Added to my holding ahead of funding news.

[aimbagger] 05/1/2023 14:46

Just 500k left on the ask then premiums. Could see a move this afternoon ahead of funding news.

[imjustdandy] 05/1/2023 13:12

Not much downside from here regardless

[sleveen] 05/1/2023 11:49

yes, if/when financing happens.

[aimbagger] 05/1/2023 11:34

Fingers crossed. Could see 1p on news IMO. Very cheap currently.