marab
30 Jun 2015
Re: AGM on Thursday thehog - hopefully you will not be the lone shareholder. Your feedback from the last AGM was much appreciated as was that from the others who attended.
thehog2
30 Jun 2015
Re: New Chairman RNS All seems good, lots of experience ad contacts and presumably at low cost as he is a Non Exec."Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce the appointment of Mr Alan Broome as Chairman and Non-Executive Director of Strategic Minerals. Mr Broome's appointment has been made to provide the depth of management skills required to support the execution of the growth strategy Strategic Minerals has undertaken with the acquisition of the Tatu Coal Mine in the north island of New Zealand and the other projects currently under review, including the Wanbao project, China."Music to my ears:"Mr Alan Broome commented: "I look forward to bringing my experience, network and understanding of the mining industry to help the existing management execute its expansion plans. In particular, I consider my deep understanding of the New Zealand coal market and the likely domestic customers will help to ensure the Tatu project is a success."TH2
thehog2
30 Jun 2015
New Chairman RNS [link] Number : 5801RStrategic Minerals PLC30 June 2015 30 June 2015Strategic Minerals plc("Strategic Minerals" or the "Company"
Directorate changes Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce the appointment of Mr Alan Broome as Chairman and Non-Executive Director of Strategic Minerals. Mr Broome's appointment has been made to provide the depth of management skills required to support the execution of the growth strategy Strategic Minerals has undertaken with the acquisition of the Tatu Coal Mine in the north island of New Zealand and the other projects currently under review, including the Wanbao project, China. Mr Michael Wong has decided not to stand for re-election as a Non-Executive Director at the Company's Annual General Meeting ("AGM" on 2 July due to the increased workload from his investment banking business in Australia and Asia, and therefore will cease to be a director of the Company on conclusion of the AGM. The Board would like to thank Mr Wong for his contributions to the Company and wish him the best in his future ambitions. Mr Alan Broome, AM, I.Eng.; F.AusIMM; FAICD; FICME; FIMMM; CFnstD (NZ), is a professional Director and business advisor with over 40 years' experience in the metals, mining and energy industries. He is a metallurgist by training who developed an extensive background in metal casting and steel production before joining the mining industry as Managing Director of a major Australian coal industry owned group. Alan has extensive knowledge of the mining industry accumulated through involvement with mining technology companies, government agencies and major international mining companies in promoting Australian mining and developing global trade. He is a director and Chairman of a number of Australian mining technology companies including Micromine Pty Ltd., Hedweld Group Pty Ltd., CB3 Mining Ltd, Emeritus Chair of the Australian mining technology export group, Austmine (having been previous Chairman for 22 years), previous Chair of the Australian Government Action Agenda promoting Mining Technology, and previously the Deputy Chair of one of the world's largest Internet based mining procurement companies, Quadrem. In mining, he is Chairman of ASX listed company New Age Exploration Ltd.; while in New Zealand, he is Chairman of CRL Energy Ltd and Nuenz Ltd. and a previous director of the New Zealand State owned coal mining company Solid Energy Ltd. Alan also sits on the Mineral Resources Sector Advisory Council of the CSIRO and is a Director of the New Zealand Coal Association. In 1999, Alan was awarded the Westpac/Institute of Export award for Mining and in 2000, the Order of Australia (AM) for services to mining. In 2005 he was awarded the AusIMM President's Award for contributions to the development of the Australian mining supply sector and in 2013 awarded the inaugural Life Member Award from Austmine. Mr Alan Broome commented: "I look forward to bringing my experience, network and understanding of the mining industry to help the existing management execute its expansion plans. In particular, I consider my deep understanding of the New Zealand coal market and the likely domestic customers will help to ensure the Tatu project is a success." 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
thehog2
29 Jun 2015
AGM on Thursday Let us hope that a decent number of holders turn up for the AGM as there is no better way of meeting some of the new team.A list of questions has been submitted and I will be posting the replies received after the meeting.TH2
DanDaDan
23 Jun 2015
MMs Spread. This looks like the MMs are playing around with the spread on low volume.They are probably getting bored...I reckon it is time to buy a few more. (I like buying when it dips).Next news should be interesting and that AGM is a good place to update us.GLA..
DanDaDan
19 Jun 2015
Re: Radar Signal. UP UP... Thanks Marab,Great info.JC has the motivation financially and he will gain a few more Aussie friends as this turns around.The new SML team are sorting things out.JakNife it looks like you got burnt by SML in the past.All I can say is this has the current signs of a multi bagger IMO.Watch it go UP and I hope you recover your loses.We all have winners and losers. So make the winners bigger.GLA.
JakNife
19 Jun 2015
Re: Radar Signal. UP UP... "My research noted that some are suggesting an mcap of around $30m to $40m sooner than later."LOL, presumably that's after a $50m placing!!!!
marab
19 Jun 2015
Re: Radar Signal. UP UP... Dan there is no doubt that JC has been busy on SML’s behalf. I doubt that it is a coincidence that Tatu and Wanbao are both coal projects which is JC’s specific area of expertise. Well worth a look at the web site of his coal company Atrum Coal.[link] looking at the funding deal he got for his own coal project.[link] Wanbao, the Chinese project, comes to fruition it would underline JC’s commitment to SML as he could just as easily have kept the project for Atrum or even set up a new company for it. He owns around 45m shares in the company, 15m of which he picked up in the 4.5p placing in 2013. He paid £675,000 for those shares which are currently worth £90,000. The £3m worth of shares he got when SML bought Ebony Iron are currently worth £180,000 so he has plenty of financial motivation to move the company forward. In addition to that there were Australian investors who bought into SML at around 14p so he no doubt wants them to get some return on their investment as well.JC has a large contact list and is well regarded in the coal community and that is why I look at SML as a long term hold. I doubt if he would be putting in so much time and effort unless he intended SML to grow substantially.
DanDaDan
19 Jun 2015
Re: Radar Signal. UP UP... The deal is done.It is time to sit back now and wait for the good news.My research noted that some are suggesting an mcap of around $30m to $40m sooner than later.That makes the current mcap and sp look far too low.The radar UP system looks like it is worth maintaining.It is early days, lets wait and watch the activity.GLA.
DanDaDan
19 Jun 2015
Re: Radar Signal. UP UP... Thanks M.It looks like it also has backing from JC, which is another plus factor on that China venture.More good news is that the spread has narrowed.It is time to buy a few and see if that radar signal was correct.GLA
marab
18 Jun 2015
Re: Our new PR boys have been busy thehog - a reasonable write up here as well[link]
marab
18 Jun 2015
Re: Radar Signal. UP UP... Dan I would also add the potential of a third project hinted at in the Annual results. I reckon SML have around $2m rather than £2m with about $1.5m from the placing and $500,000 net cash at the end of 2014. Cash burn for Q1 this year was about $90,000 so no shortage of cash.
thehog2
18 Jun 2015
Our new PR boys have been busy [link]
DanDaDan
18 Jun 2015
Radar Signal. UP UP... This looks like a recovery play and is coming up on my UP on my System Radar saying that the Mcap is TOO LOW.My research shows:******The company early this year as been shifting its operations in an attempt to offset the drop in iron ore prices and drive more meaningful cash flow. It has relinquished the Jotanooka tenements in Australia it owned and is currently reviewing the Iron Glen tenements. It bought the Tatu coal project in New Zealandfor NZD255,000 in cash and a royalty of up to USD2 per tonne of product sold and is also assessing the underlying resource at the Wanbao Metallurgical Coal Mine in China with the aim of buying up to 49% of the mine.This is giving Chairman John Peters more confidence."The company is confident it now has low overheads, an existing cash flow stream form Cobre and the potential near term cash flow opportunity from Tatu. Further it anticipates possible growth opportunities through the Wanbao Project in China and potential expansion of the Tatu Project to surrounding areas," he said.SML has a Mcap of £4.63m with an estimated £2m? in the bank.The new management team are about to pull off a major transformation winner at Wanbao China and funding is also on the cards.The Tatu mining permit should be transferred and that should fill a gap left by Solid Energy NZ.Mine development including its funding is also arranged.So it looks like risk free guaranteed income flows. Tatu alone should bring in $2m a year.There is also talk of yet another project which will UP revenue streams.Have I got some facts wrong?My System Radar says $$$$$$$$$s are about to be generated.I have looked at the sp and now my gut says it is worth a risk at these silly prices before it takes off.GLA.
marab
18 Jun 2015
Re: Another great RNS! Another step closer to completion and proof that the BoD can deliver. Nice easy to read RNS as well
