Strategic Minerals Share Discussion Threads

[iceagefarmer] 11/11/2024 13:35

topped up!

[iceagefarmer] 11/11/2024 13:35

seems like a manipulated fall before news drops soon

[imjustdandy] 08/11/2024 09:48

Yes - these snippets are from the half year report released a few weeks ago. Staggering the turnaround here.

[gb904150] 08/11/2024 09:02

ijd - have you just copy/pasted from a recent RNS?

The investment case here is much improved.

Back to the original investment case which was one of a producing, profitable mine at Cobre at least covering admin expenses. Meanwhile the other projects offer blue sky potential.

That said, the current position is even stronger. Cobre should now be able to slowly add to cash balances. Cobre magnetite moving to 5-year renewal rather than 1-year means they can actually invest in it and there is far less risk.

That last update was great:
• September quarter revs US$1.273m
• Very strong sales levels being maintained.
• Full year sales in 2024 now expected to exceed US$4.5m

But it now needs some news on all the other fronts.

[imjustdandy] 08/11/2024 05:27

Whilst the current improvement in the Company's profitability is a welcome development, cash flow from this profitability is not substantial enough to fund significant progress at LCCM or Redmoor. With the recent additions to the Board, the Company is hopeful that their extended investment networks will result in greater potential for partnerships or access to funding pools. The current share price all but rules out funding these projects through the issue of new equity and the Board is focussed on how best to re-establish momentum in the share price. We believe the strategic nature of tungsten, as a critical mineral, in the current political climate will make Redmoor the key focus of the Company moving forward.

[imjustdandy] 08/11/2024 05:25

As the new Chairman, and largest shareholder, I believe the Company is well placed to realise the underlying value built up in its projects, in particular its Redmoor Tungsten and Tin mine which has the potential to be of strategic importance in global affairs.

[imjustdandy] 08/11/2024 05:24

Need some more positive news here to confirm all on track and to keep the upward share price momentum intact.

[imjustdandy] 06/11/2024 17:22

Need a bit more volume - MM just play it when zilch volume. Hopefully some transformational news very soon.

[ajmace] 06/11/2024 15:51

I think that mms are finding it difficult to to. Get hold of any shares.Surely no-one would sell for less than 0.35 would they?

[imjustdandy] 06/11/2024 11:14

Does anyone know if LCCM has started the listing process in Australia?

[imjustdandy] 06/11/2024 07:09

Hopefully break 0.4 today as the market re rates SML due to anticipated profits of c£2m. Market cap £4m , no Debt and 3 further assets to realise. Slowly back to 1p

[imjustdandy] 05/11/2024 16:41

Slowly breaking out which is great

[richsmithsmith] 05/11/2024 16:15

Looking good here now.

[imjustdandy] 05/11/2024 15:01

Can't see past this now. £2m profits on the way .

[sleveen] 05/11/2024 14:46

Right minerals, right asset, right time.

[richsmithsmith] 05/11/2024 11:05

Nice tick up

[imjustdandy] 05/11/2024 10:22

Market stopping to consider re pricing this me thinks. £2m profit about to be confirmed against a mkt cap of £4m. No debt and 2 other assets worth a min of £5m. Cornwall likely to be worth in excess of 60m with correct partner

[imjustdandy] 05/11/2024 10:20

Cant buy a bean online - Zilch available to buy

[imjustdandy] 04/11/2024 19:58

Beginning to look like a real investment opportunity now opposed to speculative.

[parob] 04/11/2024 16:19

Great to also host Rachael Parrish, from the US Department of State at the US Embassy in London, at @CornwallRes last week.Cornwall has potential to supply tungsten & tin through development of its mining projects, both critical & strategic metals recognised in the U.K. & USA.The push to secure the security of supply of critical and strategic metals is becoming more evident. Cornwall can play its part in securing tungsten, tin, and lithium, as well as other secondary metals. As a region we can play a key role in aiding U.K. industrial strategy.

[parob] 04/11/2024 16:18

hTTps://x.com/geo_critical/status/1853468380457472003?s=46&t=_ybVnpe01AP_F1Pw0JqKTg

[parob] 04/11/2024 14:32

Nice spot.At some point this will get noticed and will break out of the range it's been stuck in imo. And hopefully will multibag from this lowly MCap. Seeing that happen over at FRG.

[richsmithsmith] 04/11/2024 14:22

Also worth nothing that the US State Department are visiting tin and tungsten mines in Cornwall. https://x.com/CornishMetals/status/1853056544302157853?t=MFzqu8oBsyC3H9rZF2m7GQ&s=19

[richsmithsmith] 04/11/2024 14:20

Ticked up and full ask being paid.

[imjustdandy] 02/11/2024 17:07

Half Year Results / Run Rate / Full Year out turn

I really don't think the market has realised whats unfolding here. Strategic Minerals had sales of $2.13m and delivered a Gross Profit of $1.74m - A GP of 81%. for the first 6 months. Overheads were $784k which enabled the business to deliver a profit of $959k.

Now lets project forward using these metrics. We have already had confirmation that Q3 numbers are in the bag with another $1.23m of sales and the company expects to exceed $4.5m of sales for the year to 31/12 (8 weeks to go). If we use the same GP% and attribute the same overhead run rate I believe the following numbers are about to be delivered to the market.

Sales - $4.5m
Gross Profit - $3.64m (81%)
Overheads - $1.56m

Estimated profit - $2.08m

As a stand alone business this would be worth $20m or £16m. That equates to a fair value share price of 0.8p giving holders a 400% upside if these numbers play out in less than 8 weeks time.

Furthermore the company has NO debt and two additional assets. Cornwall is the prized asset now and having spent in excess of £5m acquiring the asset they are now looking to realise its huge potential and value. The board of SML will be presenting our Cornwall Asset at Mines and Money in London between the 3rd and 5th December but we are led to believe interested parties are already looking at this asset now.

Our Copper asset (Leigh Creek) could either be sold outright or potentially merged with another asset before being listed on the Australian Stock Exchange according to management. Again there are parties engaged in this process and I would hope shareholders dont have to wait too much longer to hear some positive news.

We now have a new Chairman and a mining specialist on the Board and I am hopeful their influence will accelerate all of the above to realise maximum value for all holders.