Strategic Min. Live Discussion

marab 20 Jul 2015

Re: JP buys 3m at 0.6 RNS JP now has 8.7m shares or 0.98% of the company, and 7.7m were bought after he was awarded 24m options. How many AIM directors buy shares in the market when they have a pile of free options? I would say that is a reasonable vote of confidence for SML. I keep saying expect the unexpected with SML but who saw that coming?

DanDaDan 20 Jul 2015

Re: JP buys 3m at 0.6 RNS It is obvious that JP knows that the new company strategy is about to pay some nice eventual dividends. With AB also involved this is about to motor into profit.It looks like the Mcap is grossly undervalued and the people at the 'helm' know it.Watching for more good news to follow.Well done JP, it is time for this sp to move on UP.GLA.

thehog2 20 Jul 2015

JP buys 3m at 0.6 RNS Well done JP! It's good to see Directors with skin in the game.STRATEGIC MIN.20 Jul 2015 10:102Strategic MineralsRNS Number : 4894TStrategic Minerals PLC20 July 2015 20 July 2015Strategic Minerals plc("Strategic Minerals" or the "Company" Director dealing Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, was informed on 18 July that John Peters, CEO of the Company, acquired 3,000,000 ordinary shares in the Company at a price of 0.6p per share on 17 July 2015. Following this purchase, Mr Peters has a beneficial interest in 8,700,000 ordinary shares in the Company, representing 0.98% of the Company's issued share capital. Mr John Peters said, "I wanted to take part in the recent share placement but was unable to as we were in a close period. My purchase, at significantly above market, reflects my continued confidence in the Company, its ability to complete the Tatu project and the price at which the placing was carried out." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director +61 414 727 965Allenby Capital LimitedNominated Adviser and Joint BrokerJeremy PorterJames Reeve +44 (0)20 3328 5656Cornhill Capital LimitedJoint BrokerJames SheehanColin Rowbury +44 (0)20 3700 2516Yellow Jersey PRFinancial PRDominic BarrettoKelsey Traynor +44 (0)779 900 3220

thehog2 20 Jul 2015

Re: New Interview with our Chairman Marab,It seems that in the UK people are generally looking at AB as some old bloke no one has ever heard off."Perhaps if a few more shareholders could have made the time to attend the AGM they would have a better measure of the man. There may be snow on the top but there is certainly fire & experience down below.The dried milk producer contacts alone prove just how well connected he is.TH2

marab 19 Jul 2015

Re: New Interview with our Chairman Thehog – it seems that everyone down under is wondering why such an important and experienced person as AB wants to be chairman of a second rate little AIM company.Our management think he has already proved his worth.‘Mr John Peters, Managing Director, said: "The appointment of a Chairman as experienced as Mr Alan Broome is a real coup for Strategic Minerals. Not only does Alan bring with him broad mining industry experience and corporate governance skills but he has demonstrated an in depth understanding of the New Zealand coal market and his network of contacts has already assisted the Company in relation to planned operations, regulators and opened dialogue with likely customers at a senior level.’[link] has to be one of the top coal men down under, with a huge breadth of experience and contacts. As ex director of Solid Energy he must know the NZ coal industry as well as anyone, including all the customers that are not happy with Solid Energy.It seems that in the UK people are generally looking at AB as some old bloke no one has ever heard off.

thehog2 18 Jul 2015

New Interview with our Chairman With thanks to Marab on ADVFN for his research.This fits with what was said at the AGM and is a recommended read.[link] to reboot Strategic MineralsWhen an industry veteran like Alan Broome swoops in to chair what looks like a bombed out AIM-listed magnetite tailings operation, people are bound to sit up and take notice.Strategic Minerals, in case you hadn’t noticed, is morphing into a different sort of company than it was 18 months ago. Enter Broome.The firm, where Glencore holds 5%, has just acquired the relatively small Tatu coal project in New Zealand, a former state-owned mine that produced one million tonnes of thermal between 1940 and 1971. Broome’s 40-year track record includes several high profile positions within the NZ coal sector.Strategic is also mulling a plan to buy the Wanbao coking coal mine in Jilin province, China. That’s handy, because Broome has experience of dealing with the Chinese during his time with Australian miners and mining technology companies.Wanbao is located near two of the country’s largest steel mills, and Strategic has been granted six months to undertake due diligence.Let’s be frank, neither Tatu nor Wanbao are big deals. Tatu, for instance, would produce little more than 300,000 tonnes annually.“But that’s the beauty of it," Broome told Mining Journal during an interview at its London offices.“The strategy is to be a small, niche player, serving local markets; we want nothing to do with exports or building infrastructure, or worrying about how to get product to market.”Broome completes the team that began to emerge a year ago when Julian McIinally became chief financial officer following pressure from shareholders for the company to steer a new course. At the beginning of 2015, John Peters, another Australian with a long track record in the industry, became managing director.Why the need for change? The answer was that Strategic’s main asset, the Cobre magnetite tailings dam project in New Mexico, USA, suddenly found itself between a rock and a hard place. The dramatic fall in the price of magnetite in 2014 made international sales uneconomic, and Cobre confined itself to producing purely for the US domestic market. As a result sales slumped to a measly US$1.2 million against $35 million a year earlier.Still, the operation generates cash, so Broome wants to keep it going to help cover overheads and mitigate the need to tap shareholders for funds. Conversely, iron ore exploration tenements that Strategic owns in Queensland are in the process of being “relinquished”. That will allow the company “to diversify into other commodities such as tin, copper, silver, gold and industrial minerals”.Broome said: “Strategic has more prospects than meet the eye.“The plan [at Tatu] is to sell low-cost product to a known customer-base in a domestic market.”First coal sales could come as early as the first half of 2016. A maiden JORC resource identified 6.72Mt of measured and indicated. There is a horizontal seam at surface which should be able to produce coal immediately.Importantly, that offers the prospect of near-term cash generation. One of the main objectives at Tatu was to displace some of the one million tonne-plus “low grade coal from Indonesia used for NZ consumption”, said Broome.The capital cost of developing Tatu (acquired for NZ$255,000) would be reduced through the sale of coal extracted during the construction of the mine. And there was potential for a contractor to assist with funding development (currently in negotiations).Peters told Mining Journal: “We’re in good form, the share price rose 50% when Tatu was secured, and our operations are underpinned by Cobre cash flows.”Broome has more than a few feathers in his cap. They include directorships at Australian mining technology firms Micromine, Hedweld, and CB3, and

thehog2 16 Jul 2015

Re: Tatu Marab,Thanks for your excellent summary. There is much to be pleased with in today's RNS.TH2

marab 16 Jul 2015

Re: Tatu JP delivers on another promise on time. He said that the NZ approval would be by mid July and you can’t get any closer to the middle of July than the 16th.‘We are currently well developed in our mine plan and are in discussions with suppliers which we believe, in conjunction with our recent capital raising, will provide the vendor of KCM sufficient comfort on Strategic Minerals' financial capacity to complete the project.’As I believe the seller is in his sixties and has not sold a single tonne of coal from Tatu (as far as I am aware), and is guaranteed £100,000 a year in royalties once the mine is in full production, I doubt very much that he will be inclined to pass on SML’s deal. The seller also has ‘a right of first refusal in relation to the transport, loading and haul road maintenance contract(s) for Tatu’, so a few quid to be made there as well.[link] in mind the seller said in April 2013, ’is confident he will be able to reopen the Tatu State Coal Mine in Ohura before the end of the year and be in full production within 18 months’, I would assume that there is local pressure to get the mine up and running. It was expected that the mine would create ‘up to 60 jobs’ in an area of high unemployment so you would expect SML to be welcomed with open arms.[link] would argue that the fact that the NZ government has transferred the mining permit heavily indicates that SML has support from the higher levels of government, which was probably made easier by Alan Broome’s involvement. It would also seem to mean that the current owner of the Tatu mine no longer has a mining permit so highly unlikely that he would not be going ahead with the deal now.

thehog2 16 Jul 2015

Re: Change of Control of Tatu Mining Licence As posted by Dandadan below:"Uplifting, unlike that previous management."I could not agree more!The true value of the work by our new team will come through as has been demonstrated this morning.TH2

thehog2 16 Jul 2015

Change of Control of Tatu Mining Licence STRATEGIC MIN.16 Jul 2015 09:37:40Strategic MineralsRNS Number : 2307TStrategic Minerals PLC16 July 2015 16 July 2015Strategic Minerals plc("Strategic Minerals" or the "Company" Approval for Change of Control of Tatu Mining Licence Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, announces that it has received confirmation that the New Zealand Government has agreed to the change of control of the existing mining licence for the Tatu Coal Project, on the North Island of New Zealand, as a result of the acquisition of King Country Mining Limited ("KCM", the holder of the mining licence, by Strategic Minerals. Strategic Minerals announced on 31 March 2015 that it had reached agreement to acquire 51 per cent of KCM, with the balance to be acquired subject to regulatory approvals and funding. With the regulatory approvals now received and Strategic Minerals owning 51 per cent of KCM, under its contractual terms with the vendor of KCM, Strategic Minerals now has until the end of January 2016 to demonstrate financial capacity to complete the mine, before it can exercise its option to acquire the remaining 49 per cent of KCM. Should Strategic Minerals not proceed with exercising its option, the vendor of KCM has the right to acquire the 51 per cent interest in KCM held by Strategic Minerals for NZ$1. John Peters, the Managing Director of Strategic Minerals said, "The New Zealand Government's approval to the change in ownership of KCM is an important and crucial stepping stone in our plans to develop the Tatu mine. We are currently well developed in our mine plan and are in discussions with suppliers which we believe, in conjunction with our recent capital raising, will provide the vendor of KCM sufficient comfort on Strategic Minerals' financial capacity to complete the project. In the interim, the recent fund raising has provided us the ability to continue preliminary works, including a bulk sample to assist in coal analysis and customer evaluation. Strategic Minerals is targeting commencement of the mine construction by the year end and targeting completion of the mine in mid-2016. We are aiming to achieve some sales during the construction period with greater sales volumes expected after completion of the mine." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director +61 414 727 965Allenby Capital LimitedNominated Adviser and Joint BrokerJeremy PorterJames Reeve +44 (0)20 3328 5656Cornhill Capital LimitedJoint BrokerJames SheehanColin Rowbury +44 (0)20 3700 2516Yellow Jersey PRFinancial PRDominic BarrettoKelsey Traynor +44 (0)779 900 3220 Notes to Editors Strategic Minerals plc is an AIM-quoted, diversified mineral development and production company, with projects in the United States of America and New Zealand. The Company is focused on acquiring and developing cash-generative, high-quality projects that meet local market demand for commodities. In September 2011, Strategic Minerals purchased its first cash generating assets, the Cobre magnetite tailings dam project in New Mexico, USA, which it brought into production in 2014 and which continues to provide a revenue stream for the Company. The portfolio was expanded in March 2015 with the acquisition of the Tatu Coal Mine located in North Island, New Zealand. Strategic Minerals is now developing this project with the expectation that it will make its first thermal coal sales by H1 2016. In addition, the Company also has an exploration iron ore project in Queensland, Australia. This information is provided by RNSThe company news service from the London Stock Exchange END

DanDaDan 16 Jul 2015

Tatu Looks like they have delivered on the permit transfer.So the Tatu deal should go ahead and it provides those jobs that are needed in the area.Those that bought the 0.6p placing must now be 'rubbing their hands with glee'.Well done JP you have kept your word and produced the goods.Uplifting, unlike that previous management.GLA.

marab 07 Jul 2015

Re: Director Holdings RNS Thehog – JP said before the AGM that he was going to buy shares in the market. People have to decide whether the first AGM statement was an attempt to get the SP down so he could buy cheaper or whether JP is to PR what King Herod was to babysitters.Personally I think it was just a screwup as JC has nearly 49m shares and the value of his holding would obviously drop with the SP. Momentum lost but £1m in the bank at 0.6p. Buying 4.7m shares when you already have 1m and millions of free options would have seemed a vote of confidence in SML but for that crappy RNS.

thehog2 06 Jul 2015

Re: Director Holdings RNS That is 5.7m more than our old Directors put together TH2

thehog2 06 Jul 2015

Director Holdings RNS STRATEGIC MIN.06 Jul 2015 08:473Strategic MineralsRNS Number : 2390SStrategic Minerals PLC06 July 2015 6th July 2015Strategic Minerals plc("Strategic Minerals" or the "Company"Director shareholding Strategic Minerals plc (AIM: SML; USOTC: SMCDY) was yesterday informed that John Peters, Director and CEO of the Company, acquired on Friday 3rd July 2015 on market, 4,700,000 ordinary shares in the Company at a price of 0.50 pence per share. Following this purchase, Mr Peters has a beneficial interest in 5,700,000 ordinary shares in the Company, representing 0.64% of the Company's issued share capital.

marab 03 Jul 2015

Re: Further AGM answers. CWO – that is a good question and I would love to know the answer. There were not many bought below 0.4p so very likely that someone is losing money. With a lot of 1m sells going through in the last couple of days it looks like one seller might be responsible for them. There are so many reasons for selling shares that have nothing to do with the stocks themselves, so maybe the seller has to sell for private reasons or just to cover margin calls elsewhere. Tough selling near the bottom though, but there seems enough willing buyers to pick them up. SML is normally such a quiet stock that getting rid of any quantity at a decent price is likely to be hard work at the best of times, but that RNS on Thursday morning made it doubly difficult. Since the reporting of 3%+ holdings seems a rarity on AIM there isn’t even any way of working out how many shares are likely to be sold. Normally we only know when the SP starts going back up and even then it might be the MMS playing with the prices to encourage a bit of action.