Share Name Share Symbol Market Type Share ISIN Share Description
Strategic Minerals Plc LSE:SML London Ordinary Share GB00B4W8PD74 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.425 11,723,685 11:47:16
Bid Price Offer Price High Price Low Price Open Price
0.40 0.45 0.425 0.375 0.425
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.63 1.52 0.09 4.9 7
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:04 O 116,561 0.42 GBX

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Date Time Title Posts
16/9/202010:07SML Leigh Creek production in 2020105
25/7/201914:26Strategic Minerals - developing mining projects to feed the digital future293
10/11/201607:05SML 2016 THE STORY CONTINUES147
01/3/201611:18Strategic Minerals2,380

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Strategic Minerals Daily Update: Strategic Minerals Plc is listed in the Mining sector of the London Stock Exchange with ticker SML. The last closing price for Strategic Minerals was 0.43p.
Strategic Minerals Plc has a 4 week average price of 0.38p and a 12 week average price of 0.38p.
The 1 year high share price is 0.90p while the 1 year low share price is currently 0.33p.
There are currently 1,712,075,726 shares in issue and the average daily traded volume is 6,654,119 shares. The market capitalisation of Strategic Minerals Plc is £7,276,321.84.
johncasey: from LSE Garibaldi Posts: 1 Price: 0.425 No Opinion Thoughts13 Jul 2020 19:41 Hi Guys, Just joined this site, and trying to get a feel for what might be good to invest in. I've looked on Strategic Minerals website, and taking their numbers at face value, which they admit are inferred, especially Redmoor, but the scale of their resources looks pretty compelling. Very crude calculation of listed resources, - Redmoor (Tungsten: 16,650t x £33,000, Tin: 11,250t x £22,000, Copper: 25,260 t x £7000) = £976.5m - CARE (Nickel : 106,000t x £13,700) = £1,450m - Leigh Creek (Copper: 47,900 x £7,000) = £335m Total = £2,761.5m I read somewhere about a fair value for a junior miner being 10% of resource value, which would be £276m, or, 39x current market cap of £7m. This doesn't include the Cobre resource. I haven't found the scale of that or how much revenue it is currently generating, but it sounds like it covers their expenses without needing to dilute the shares, which sounds very positive. From a technical point of view it looks to have bottomed, or bottoming. So just to get some thoughts : How likely do you think any of these mines will likely get into production, and any idea on when? Is anything in the pipeline to bring in significant buyers. Do you know what caused the price spike in 2016? The share price Shot up from 0.1, to a spike high of 3.6, in a year, according to my charts on IG Index. That's a 3600% gain in 12 months. None too shabby - do you know why? I appreciate my calculations are very crude, but it certainly makes this £7m market cap company look quite interesting.
jaknife: discount to what? The share price today or the share price six months ago?
sharenotes: Good call, sleveen. But from your apparent stance, were you also expecting a greater share price fall? If(and I know it is an ‘if’) the monies expected hit the company account, what is your prognosis?
fillipe: It goes almost without saying, that the really big share price leap up will commence immediately there is confirmation the £££;£ is actually "in our bank", although for non-holders that will also mark the point when it will be too late to buy in at even around where the share price now lingers, imo. f
fillipe: Looks as though the seller has gone. Share price on the rise again. f
wisteria2: Absolutely the share price is in oversold territory, but is on the rise again now! looking forward we are due some news re drill results .... Metallurgical Sample Drilling An 18 hole (for approximately 785m) diamond drilling programme commenced during the first week of August. This drill programme is designed to collect large sized (PQ) diamond core samples from the copper oxide ore of the Paltridge North and Lynda deposits. These holes will be sampling mineralisation from the surface to a depth of approximately 50m. The drilling is planned to complete in the first week of September. Geological assay results will be released to the market when they become available.
plasybryn: Picked this up from Vox Markets: John Peters posted a squawk about SML 08:06 08 Mar Just about to head back to Australia after a very successful visit to the UK. Thanks for the continued support from our shareholders. I’m only sorry that as seems to have happened previously my visit didn’t coincide with a decent move in our share price! I do believe that the recent newsflow including finally bedding down the Leigh Creek acquisition should be concomitant with an increased awareness & perceived valuation for SML Simon & Justin, thanks for posting the blog about our Leigh Creek deal after the recent podcast. We are beyond excited about the upside this gives SML. We’ve bought in a an extremely cheap level & the upside is truly significant both in the short & long term for the company. As Peter & I said last week, newsflow in general for the company will continue to be active with updates very soon on CARE/Hanns Camp/Mount Weld, as well as Redmoor/CRL. We’ve had some great meetings & solid interest in this deal – most investors are beginning to realize its significance for us
wisteria2: Leigh Creek Copper Mine Conditions Precedent Met Acquisition Moves to Settlement Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce that, further to its announcement on 25 January 2018, all conditions precedent, including the Foreign Investment Review Board approval, have now been met and the acquisition of the Leigh Creek Copper Mine ("LCCM") is to be settled within 5 business days. The acquisition involves the payment of AUD 1,500,000 (approx. GBP 850,000) and the subsequent issue of SML shares valued at AUD 1,450,000 based on the volume weighted average share price throughout the month of March. These shares are subject to dealing restrictions, with one third being locked-up for three months after issue, and another third being locked-up for six months after issue. Highlights -- All conditions precedent associated with the contract for the purchase of the Leigh Creek Copper Mine have been met -- Final settlement required within the next five business days -- 24,900 tonnes of JORC compliant resource copper metal acquired at less than USD 100 per tonne of contained copper -- Offtake Agreement in place for 100 per cent of copper production -- Production rate of over 200 tonnes of copper per month expected to be reached in approximately one year -- Strategic review of development options commenced, opportunities identified to increase metal recoveries and optimise cash flows A copy of the Company's presentation on the Leigh Creek Copper Mine has been added to the Strategic Minerals website and may be viewed at: Managing Director of Strategic Minerals, Mr John Peters, commented: "The achievement of all conditions precedent, as expected, advances the acquisition of Leigh Creek Copper Mine to the final stage and the Board eagerly awaits the settlement of this acquisition next week. "Recent discussions with the London investment community have been positive, and many existing and potential new investors have indicated that they are encouraged by the successful restart of the LCCM. We believe that we will resume copper production in approximately one year. "Once production commences and SML has a second line of cash flow, we will be in a significantly stronger position to consider cash management alternatives, which includes dividend payment as well as continuing our strategy of acquiring value accretive projects. "The LCCM is an attractive low-cost project containing significant quantities of copper. The site has excellent infrastructure in place and we look forward to resuming production and generating further shareholder value."
wisteria2: Not that long to go and we should get an rns! hopefully with an update on trading etc @ Cobre. Reminder--- Terms renegotiated to acquire Leigh Creek Copper Mine outright for AUD $3m Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a diversified mineral production and development company, announces that after the successful completion of technical and financial due diligence on Leigh Creek Copper Mine Pty Ltd ("LCCM"), the owner of the exploration and mining rights and associated copper processing assets at Leigh Creek Copper Mine in South Australia (the "Project"), it has agreed to continue with the acquisition on renegotiated terms. In its RNS dated 16 October 2017, Strategic Minerals outlined that it intended to pay a total consideration of AUD 5,000,000 (approximately GBP 2,850,000) predominantly by way of royalties in combination with cash, shares and assumption of debt. Upon completion of due diligence, SML has renegotiated terms for the acquisition of LCCM through an equal mixture of cash and equity totalling AUD 3,000,000 (approximately GBP1,710,000), subject to documentation. Transaction Details Subject to finalising legal documentation and receiving legal due diligence sign off (expected to be received by the end of 2017), SML has agreed to purchase LCCM from Resilience Mining Australia Pty Ltd ("RMA") on 16 January 2018 for a total consideration of AUD $3,000,000 (approximately GBP 1,710,000) to be paid by way of AUD $1,500,000 (approximately GBP 855,000) in cash, payable at settlement, and AUD $1,500,000 (approximately GBP 855,000) paid by way of the issue of new ordinary shares of SML ("Shares") in the first week of April 2018, based on the volume weighted average share price ("VWAP") for the month of March 2018. Shares issued will be subject to a voluntary escrow, with one third being escrowed for three months after issue, and another third being escrowed for six months after issue. Should SML fail to deliver RMA the Shares by the end of April 2018, RMA will have the right to reacquire LCCM for AUD $1. Mr John Peters, Managing Director of Strategic Minerals, commented: "The outright acquisition of Leigh Creek Copper Mine for an up-front payment of AUD $3m is a significant step forward for the Company. The renegotiated sale terms reflect the confidence we derived from our due diligence and the vendor's acceptance of payment certainty. We are delighted to add copper exposure to our portfolio of strategic projects. We believe that demand and supply factors for copper over the next five years will lead to price increases going forward, which in turn will add substantial shareholder value to SML. The outright acquisition, as opposed to the previous arrangement involving a substantial portion of the consideration being paid by way of royalties, provides the Company with flexibility to maximise the potential from the tenements, as well as the freedom to progress the Project at its own pace. The new capital expenditure structure will allow us to minimise risks, notably extraction risk." For further information, please contact:
touchtype: COMMUNICATIONS WITH SML Contents Q and A with John Peters 06 April 2015 regarding Tatu in New Zealand and Wanbao in China. Copy of a post by marab on his telephone conversation with James Chisholm a significant shareholder in SML posted 03 March 2014 Copy of a post by thehog2 on his meeting with Julien McInally SML Director and temporary non-executive Chairman posted 23 May 2014 Email to Cyprus Steve from Julien McInally 09 December 2014 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Q and A with John Peters 06 April 2015 Q ‘The exercise of this Option is subject to regulatory approvals by the New Zealand authorities for change of control of the mining permits held by KCM and SML providing to the vendors of KCM proof of financial capacity to commence the mine.’ How will this proof of financial capacity be achieved? A The proof of financial capacity is only to the vendors who, as they are relying largely on production, wish to see that we have the capacity to commence mining rather than just sit on the asset. Q ‘Production cash flows expected to commence within one year of full acquisition’ Will there be any income from Tatu before all the work is completed? A Early indications are that, during the first year, we will upgrade access roads and construct a new mine shaft. During the construction of the mine shaft, we anticipate recovering around 100,000 tonnes of coal. Q Is the current rail network able to cope with the tonnage ? A There is a rail network which is in disrepair and early figures relate only to road transport. Q ‘Initially, production volumes are expected to be around 200,000 tonnes per annum, upon completion of the mine shaft.’ Is there an upper limit on planned production? A The current constraint will revolve around the road transport access. If larger production is warranted, then negotiations with the re-institution of the rail will be entered into. Q Is the 200,000 tonnes based on current off take agreement possibilities? A This is consistent with the likely demand expected. However, should greater demand be forthcoming, we are likely to increase production. Q ‘Recent feedback from sales enquiries supports the Company's aim of securing a US$10 per tonne after tax profit margin, which would indicatively result in an after tax return in excess of 25% p.a. on current estimates.’ Does this mean US$10 after all production costs, royalties and local taxes? A Yes Q Does it include CAPEX and OPEX? A Yes Q Is the 25% return on combined CAPEX and OPEX? A Calculated on a DCF basis using forecasted CAPEX, Revenues and expected OPEX, royalties and NZ taxes. Q There is a fear of SML buying something in China. Presumably this is not the case and hopefully there will be some equity for services rendered rather than big cash investments. Is there an intention to have an advisory arm to SML to take on other projects like Wanbao? A No there is no intention for an advisory arm. Wanabo has the potential to be a big project for SML or could wind up being nothing. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 03 March 2014 Copy of a post by marab on his telephone conversation with James Chisholm a significant shareholder in SML JC has corrected my notes of my phone conversation with him and they are as follows. I am posting this on ADVFN, II and LSE so as many shareholders as possible can see it. JC made it clear that the new board including Julien McInally and Lyle Hobbs should run the company although he will be happy to pass on any projects he thinks might suit the company. JC has full confidence in the new directors to get SML back on track once they get through the initial review of past decisions and sort out legacy issues. The point was made that not only does Lyle Hobbs have a great deal of mining experience (something greatly lacking in SML over the past couple of years) but he also lives just a couple of hours from the Cobre site. Julien McInally is not an engineer but has been involved in evaluating many mining projects and is well aware of the value of communications with shareholders and the markets in general. It might be worth having another look at the SML RNS for a fuller description of their skills and experience. There will be a bit of a delay until the nomad clears the new directors through the AIM paperwork, but we can expect changes to be made as soon as that is completed and we can expect news over the coming weeks and months. We can probably expect overheads to be much reduced. JC pointed out that another of his interests in mining has 5 times as many people as SML for much the same overheads, albeit some of these are part-time employees. I got the clear impression that JC is not the kind of man that will waste company money. He pointed out that the total bill for drilling Cobre 1 was $57,000, less than a month’s salary for PH and JF. New projects are something that all shareholders want to hear about and JC said that he is constantly being brought potential new projects and will be more than happy to pass on suitable ones to SML. He made the point that many are brought to his attention by shareholders in various companies he is involved with. He is interested in simple bulk projects with good cash flow prospects. Targets are smaller projects that the medium and large players are not interested in. He also pointed out that these smaller projects have normally been explored and often drilled by larger companies then discarded due to their small size. That obviously offers large savings as much of the exploration information has already been gathered. He is of the opinion that these relatively smaller projects are in abundance and that the new directors of SML have already begun reviewing some prospective projects. JC is in favour of working smaller projects and using the profits (profits meaning cash into the company as opposed to cash paid in director salaries) to take on bigger projects. He would not be interested in complicated mega projects. Personally I agree with that way of working as initial capital costs are kept to a minimum and there is less chance of being affected by future adverse trends in the commodity market or changes in local legislation. At the end of the day it is profits per tonne that makes a company profitable not the amount of revenue generated. The website has been a cause of complaint for many people for years. Both of the new directors intend to update the website as soon as possible as they appreciate the value of a website to shareholders and other stakeholders. We can expect not only an updated website but one which will continue to be updated. I got the impression from JC that shareholders are not a crowd of moaning swine to be ignored but rather a resource to the company. Shareholders will be actively encouraged to contact SML with anything that will improve the way SML operates from pointing out errors on the website to suggesting projects to look at. JC also made the point that many Australian investors bought shares in SML at 14p and he was quite keen to see the share price get back to that level at least, as soon as possible. He would also like to see a move from AIM to the main LSE market in the future. xxxxxxxxxxxxxxxxxxxxxxxx 22 May 2014 Copy of a post by thehog2 on his meeting with Julien McInally SML Director and temporary non-executive Chairman Times they are a changing..... Good morning, Yesterday morning (22 May 2014) I met our new Executive Chairman Julien Mcinally for a coffee, not far from the SML offices in Mayfair. He has obviously got a ton of work on his plate, getting up to speed on the company's details, and with the need to get the accounts out pretty soon, but he was kind enough to make time for me. He is meeting at least some investors and at least one broker, although it will be for them to identify themselves. Just watch the BBs in the next week or so, I'm certain there will be leaks. In setting up this meeting, one thing stood out, and that was the speed of communications, he replies to emails! Decisions made immediately! This being something which was sorely missing under the previous regime. Having met the guy, I found him straight talking with no nonsense or BS, good to talk to and clearly an achiever. (Why else would JC have him on the payroll?) I'm pretty certain this will be mirrored in the way he runs SML. Given that Julien was schooled in the Australian ethos of proper communication with stockholders via relevant RNS's and reporting I think we will see that the good start made with the recent RNSs will continue. Everyone reading these BB knows that I, along with many other loyal shareholders, am sitting on horrendous losses, I therefore have an obviously interest in seeing the company turned around as quickly as it can be practically achieved. I'm not looking for a pumping operation but a solid focus on realising the value of Cobre by pursuing higher value markets, like coal washing. Those of you who attended the last two AGM's heard me ask for just that, and I was refused on both occasions. This, while the rest of the team look at other projects that are near term cash generative. Thinking about that pumping, why would there be any need for pumping? All the new boys have to do is actually achieve something, and the share price should bounce all on it's own IMO. I know it will be frustrating to read, but nothing that wasn't already in the public domain could be discussed, sorry but those are the rules. If I was on the inside and had huge amounts of secret detail, I would not be able to report anything anyway. I think as a single shareholder, neither a broker nor an II, I'm pretty lucky to have been squeezed in for a coffee. As the focus is now entirely on domestic sales, and those sales need to cover current overheads, a US website in addition to a UK one is now being prioritised. I told Julien this should carry the slogan 'American Magnetite-American Jobs-Australian Know-how', he laughed so I suspect he will not be sending me a regular Royalty cheque, but I can live with that if they design the website to reach out to companies in the market for dense media, for whatever purpose. SML have an obvious price advantage over the largely imported magnetite currently in use, as New Mexico is a lot closer to the end users than say, Chile or China, so they need to set up their stall and get selling. Those new projects? Crucially from my point of view, Julien said they will look at tailings pits containing different commodities, not just iron ore, as that will protect the company from exposure to a single commodity and it's price, as we have now. That was after all the plan mentioned at the last AGM, the big difference between what we were told last year, and now, is I believe they will actually get on and do it not simply talk about it. One only has to think of all the tailings pits containing gold, copper silver etc that are scattered around the world, lots of them are in the USA. They wont all have legs, and for one reason or another will prove non-viable, but if these chaps can't find them how did they manage Atrum and Fertoz? Times they are a changing, lets hope it's soon. TH2 xxxxxxxxxxxxxxxxxxxxx Email to Cyprus Steve from Julien McInally 09 December 2014 "Steve, Thanks for your interest and it is good to have continued support of shareholders. Just to give you a summary of things. We have been focused on improving domestic sales at Cobre and trying to put a business case together to get into the Heavy Dense Media Market. We provided an update on our testwork late in October 2014 and we are continuing to progress this down a number of fronts. We have been reviewing projects since our appointment in May which is when the share price was 0.6 pence. We were left with a legacy and are trying to turn things around and I can tell you we have been very active in project identification, review and negotiation. As you can understand, it is not sensible that we to come out and announce deals that we are looking at before we consummate one. But we are active on this front and we have told the market that. We have greatly reduced overheads and have cut directors salaries from US$1.3M to now on an annualised basis being below US$0.35M. Having taken on the role of essential three directors has required that I take on a large portion of the administrative load in addition to project review etc which is why I continue to find myself short of time. Trying to rebuild from where we were will have its challenges but one that both your directors are showing commitment to by investing in SML recently. I hope that we can provide an update to the market at the appropriate time. Kind regards Julien McInally"
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