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SML Strategic Minerals Plc

0.21
-0.04 (-16.00%)
08 Oct 2024 - Closed
Delayed by 15 minutes
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
  -0.04 -16.00% 0.21 5,254,964 16:40:20
Bid Price Offer Price High Price Low Price Open Price
0.15 0.25 0.25 0.20 0.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores USD 1.58M USD -9.19M USD -0.0046 -0.43 5.04M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:20 UT 57,079 0.21 GBX

Strategic Minerals (SML) Latest News

Strategic Minerals (SML) Discussions and Chat

Strategic Minerals (SML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:40:200.2157,079119.87UT
12:23:410.224541.00O
11:14:300.22454,7721,000.50O
11:03:060.16250,000387.50O
10:41:020.201,000,0002,000.00O

Strategic Minerals (SML) Top Chat Posts

Top Posts
Posted at 08/10/2024 09:20 by Strategic Minerals Daily Update
Strategic Minerals Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker SML. The last closing price for Strategic Minerals was 0.25p.
Strategic Minerals currently has 2,015,964,616 shares in issue. The market capitalisation of Strategic Minerals is £4,031,929.
Strategic Minerals has a price to earnings ratio (PE ratio) of -0.43.
This morning SML shares opened at 0.25p
Posted at 07/10/2024 07:46 by sleveen
What a coup, great news.

IJD I don't believe that SML produces quarterlies, SML have said previously that they will only provide H1 and FY figures.


Expect a pro active vid soon.
Posted at 07/10/2024 07:42 by parob
Should see increased newsflow over the coming years too for their Cornwall asset which should benefit the share price.Possible multi bagger imo for those that are patient. "We look forward to updating the market on the program's progress across this exciting 4-year project, working alongside the University and other southwest-based businesses and stakeholders, to advance the new Green Economies Centre."
Posted at 07/10/2024 07:22 by imjustdandy
The engines have now started on this giant Cornwall asset which is very very encouraging. SML now has all 3 assets in play at long last. I can see this heading back towards 2 pence without much too much difficulty. Cornwall is now in play and that's what the market has been waiting for. Q3 results from Cobre next week are expected to be strong too. You won't get to buy much stock below 0.4 today. Onwards to 2p
Posted at 29/9/2024 07:53 by imjustdandy
New Beginning at Last


This has flat lined for over 3 years as the direction of the business has been geared towards Directors. With Charles Manners now in the Chair (who is also the largest shareholder) expect a real focus on the share price and substantial shareholder value. A lot of shareholders lost their patience these past 3 years listening to the Broome and Co which is understandable. Broome is gone and others are only 2 chairs behind him. I’m optimistic this Chairman is about to make it all happen. A NEW BEGINNING. Dont be surprised if Mark Burnett moves into the CEO role which would be excellent.
Posted at 28/9/2024 11:38 by imjustdandy
Looks like our new Chairman who is also our largest shareholder is stopping the nonsense whereby this CEO has been over promoted and over paid. This is super encouraging and will allow SML to start building cash for shareholders again. Worth reading this section v carefully. Well done our new Chairman. This is very very encouraging and will definitely feed through into a stronger share price.

The rebound in the Company's profitability in the first half of 2024 has been welcomed and largely reflects the return of Cobre's major client after a 14-month hiatus. To survive the rigors of 2023, the Company extended terms on its suppliers and paid only a small portion of the remuneration due to the Board and Management in 2023 and the beginning of 2024. Accordingly, after working capital stabilised, the Company prioritised repayment of external creditors which are now in line with market norms.

Early in 2023, as the largest shareholder in Strategic Minerals, I pressed the Board on the lack of progress at its projects and the effect this was having on the Company's share price. The then Board acknowledged the difficulties it was encountering in securing investors/buyers at the asset level for the Leigh Creek Copper Mine ("LCCM") and the Redmoor Tungsten and Tin mine ("Redmoor"). The Board then volunteered that, should certain milestones around funding and share price not be met in 2023, the Board would forgo 50% of its remuneration. As one of the key potential funding sources dragged onto Q1 2024, some leeway was provided and the 2023 financial accounts reflected the full amount of Directors remuneration, accruing unpaid amounts to which an 8% per annum interest rate was applied. This rate was agreed by the then Board.

As the proposed funding was not forthcoming, the Board, after the AGM in July, agreed to a temporary adjustment being made in the 2024 remuneration to Executive Directors that ensures 50% of the total Board's base remuneration in 2023 is recouped by the Company. These adjustments, as they relate to the first six months of 2024, are reflected in these interim results.

Repayment of short-term funding facilities, raised for working capital purposes during the first quarter of 2024, along with amounts and interest accrued to Directors, are expected to be cleared in the second half of 2024.

With sales at Cobre exceeding our previous expectations, we are confident on continued positive momentum for the second half of 2024, and the Company is actively working on securing similar arrangements for 2025.
Posted at 27/9/2024 13:51 by imjustdandy
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.
Posted at 27/9/2024 10:05 by sleveen
SML will be preping for the new major client due to start receiving product in 2025.
Posted at 26/9/2024 08:18 by imjustdandy
Focus is going to be on Cornwall and moving the share price much higher according to this. Cobre will just sit in the background generating cash. 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.
Posted at 26/9/2024 08:06 by parob
Hopefully a turning point for the share price. It certainly deserves it.Market cap is ridiculously low. Cobre now profitable and surprise news could come out of redmoor or Leigh creek at any time. Under-the-radar for now but for how long.Added a few more :)
Posted at 10/7/2024 17:15 by iceagefarmer
heres an example of a city shill on lse..he/she has been a member for 11 years on there and has only ever posted about SML..ask yourself why he post this now?

Gorsuch has left the building.Today 16:45
Well finally as this gravy train started to climb the hill, I managed to jump off with only a 40% loss.

I just don’t have the time or patience to hang around waiting for SML, this was my final investment that I had left to cash in, so now it’s time to enjoy my life in the sun.

It has been a love hate relationship with SML, I’ve loved the challenge of researching what SML were actually up to, but hated all the lies and deceit that I found, although in a funny way it has been fun and I will miss it, especially some of the characters on here.

Over the years I hope to some degree I have been useful to the forum, but for those of you still on the gravy train, whether through hope, or despair, I wish you all the very best of luck.

Gorsuch
Strategic Minerals share price data is direct from the London Stock Exchange

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