Strategic Minerals Share Discussion Threads

[imjustdandy] 16/10/2024 13:14

Frustrated holders exiting. Still my pick of the year . Yesterday's results were exceptional.

[parob] 16/10/2024 09:45

Each to their own but I like the risk/reward here and actually the directors did whatever they could to avoid dilution at the lows when cash was tight. Those loans now paid off. Just don't come moaning should these multibag once the market catches on and/or we get surprise news out of one of their assets.

[jotoha2] 16/10/2024 09:37

We all know what will happen here , the profits this year will end up in the BOD back pocket , it's a lifestyle company , shareholders have been stuffed many times , and will be shafted again. share price is now back where it was before the last RNS

[imjustdandy] 15/10/2024 20:51

Can you name a junior miner making 1.4m profit that has no debt and has a market cap below 5m?

[imjustdandy] 15/10/2024 15:19

Disagree - I'm ingathering more stock here sub 0.25

[jotoha2] 15/10/2024 14:19

With their track record they are fully valued , unable to see the share price climbing unless they actually perform and grow the company with serious profits going forward , the BOD have crashed the company many times and will line their pockets before shareholders get any value here, even today the share price is falling back, classic lifestyle for the few.

[imjustdandy] 15/10/2024 12:33

£1.5m of bottom line profit compared to a Mkt cap of £4m is not "valued fairly". Cobre asset as a stand alone is worth 0.6p or £12m. Cornwall worth £5m and who knows what LC is worth. Furthermore the company has no debt. What's your value Jotoha2?

[jotoha2] 15/10/2024 09:03

It's valued fairly , the company needs ground breaking news , problem is this bunch are not up to it !

[parob] 15/10/2024 08:33

A case of being patient, once the volume arrives, more will follow and that's when we will see a rapid re-rate imo.

[richsmithsmith] 15/10/2024 08:12

3M buy just printed at way over bid price

[imjustdandy] 15/10/2024 08:06

We need a big volume week here. Bit of churn then huge re rate

[parob] 15/10/2024 07:57

Perhaps if the mm's closed the spread buyers would be more encouraged to buy in. I'm sure that's what's putting some off. Hopefully the spread will narrow as the price increases.

[imjustdandy] 15/10/2024 07:46

The numbers don't lie

[parob] 15/10/2024 07:28

Starting to get noticed by some of the bigger accounts on X. Tick tock to a big rerating here once the market notices it imo:hTTps://x.com/mbdaytrading/status/1846086583570649406?s=46&t=_ybVnpe01AP_F1Pw0JqKTg

[ajmace] 15/10/2024 07:19

Great outlook for SMLThere won't be many sellers around

[imjustdandy] 15/10/2024 07:17

200m share volume day needed here

[parob] 15/10/2024 06:55

At some point the market will sit up and take notice of this profitable nanocap miner. The question is when. Might happen when we least expect it.

[imjustdandy] 15/10/2024 06:47

And remember the Cobre agreement was extended to a long term deal not so long ago. Heaps of cash to come out of Cobre over the next 5 years. Mining boom on the way too

[sleveen] 15/10/2024 06:43

18.1.24
"Additionally, over the past four months, discussions have been held with a potential new client that is looking for large volume shipments."

7.3..24:
"Discussions continue with another potentially large client at Cobre but, due to recent increases in activity, such discussions are now focussed on future years supply."

Today:
"The Company continues to benefit from the return of Cobre's major client and the addition of a substantial new client."

Is this the client referred to in 18.1.24 and 7.3.24 RNSs?


I've just asked SML the question, I'll share the response, if any.

[richsmithsmith] 15/10/2024 06:38

Great news. Debt free and making money. Highest sales for 7 years.

[sleveen] 15/10/2024 06:16

The best end September quarter sales in 7 years.

Very good.

[imjustdandy] 15/10/2024 06:13

Current market cap is absolute nonsense here. Business is now on track to make 1.4m profit. Trading on a PE of 3 and 1 x sales. No debt and 2 assets worth in excess of 5n in for free. Wakey Wakey Firs 5 bagger of the year

[imjustdandy] 15/10/2024 06:09

Wooooooosh . Might test 0.5 today .

[imjustdandy] 15/10/2024 06:02

Wow - way beyond expectations. The market has this baby priced wrong. 5 bagger fair value from here.

[imjustdandy] 15/10/2024 04:48

Q3 numbers should be this week. Looking for confirmation that Cobre is still booming along.