wanting_to_know
23 Jun 2017
top 5 potential shares " this is in the top 5 potential shares"soolaimon,Which do you see as the other four?Thanks,w2k
penhome
06 Jun 2017
Chart - retrace complete? Maybe completed its retrace? Actually up about 5% today.[link]
Soolaimon
02 Jun 2017
Re: RNS Should read"Wife of Director - Chief Finance OfficerSool
Soolaimon
02 Jun 2017
RNS [link] cracking potential here, usual market manipulation going on, large spike, overbought, correction now getting into oversold territory. Should be plenty of updates to come and we know what they will be, all positive imo.Ignore the director sell taking some cash out from the 0.0037p days is no big deal, obviously missed out on the 3.50p!!!For me this is a 2/3 year hold and buy on dips, also take profits on the way up, but I will keep my core holding all the way.Not many better bets on aim at the minute, this is in the top 5 potential shares. Look out for the update end of June and the next quarterly trading update, that should tell us all.Sool
redcatsam
02 Jun 2017
Still here Hi JK,all very good valid points, sort off. However I am confused, if it's that bad why are you still here? surely greener grass etc?
JakNife
02 Jun 2017
Director Dumps [link]
roco200
27 May 2017
Re: Results Thanks Jak but I don't think there is anything new in your post.Yes we know about the $675000 one off rail payment although there is one more smaller payment due in June.The core difference is that thus financial year COBRE sales will increase significantly from Junemeaning the. co can self fund CARE exploration without recall to equity.In essence the Co has turned a corner & has confirmed it is opposed to diluting shareholders.I think your worries are based on looking backwards rather than forward. ASA Resources on your value basis looks very cheap.
JakNife
27 May 2017
Re: Results roco200,---------- ---------- -"SML is probably being valued on future earnings now it is profitable."---------- ---------- -Is it profitable?Certainly the headline numbers show a headline profit but is it now a profitable business that will produce a regular recurring profit? You can read the results here and I suggest that people look at them closely:[link] In particular I draw your attention to the "Other income" line of £691k and note 5, which explains that this is a non-recurring exceptional item. Strip that out and SML would have made a loss.SML has made a regular recurring loss every year for a number of years now, little has changed with the business and this year's one-off exceptional item is not going to be repeated. Hence SML will return to losses next year and continue that run.The various assets that it has acquired are exploration assets and are going to require additional cash investment to develop, they are not going to provide profit in the near term, if ever at all. The March end update tells us that SML had "Cash of US$0.695m as at 31 March 2017", which is a negligible amount. It is insufficient to develop its assets and cover this year's cash burn. They will have to raise more cash. Of late, a particular pattern has developed on AIM where:1. Various people ramp the share price 2. An institution sells short into the ramp3. The company has a massive placing to the institutionSML looks to be in exactly the same predictable pattern as so many other companies on AIM of late, I expect a placing soon at a discount to the current share price. Once the placing takes place there will be no need for the ramp to continue. regards,JakNife
roco200
26 May 2017
Re: Results Out of Interest JakNife a stock the other way round is ASA Resources.Assets £235mM.Cap £28mSML is probably being valued on future earnings now it is profitable.SP Angel have valued it.
sun_gam
26 May 2017
Re: Results I guess you're down
dkok
26 May 2017
Re: Results Sell and bu@@er off elsewhere then clown
JakNife
26 May 2017
Results Results:[link] * Burning cash - £0.5m burnt just from normal operations * Assets of a mere £2.8m * At 3.13p, current market cap of £39m is 13 times net assets * share price needs to fall by circa 93% to get to a sensible share price Miles away from being a sensible investment.Strong Sell.JakNife
Soolaimon
24 May 2017
Re: Stake Building? Jak,All very negative I see, good luck with that short!!Did you go on to read this:With sizeable cash flows and receipt of the rail settlement progress payment, the Company is in one of the most comfortable positions it has been for a considerable time. At 31 March 2017, cash at bank stood at USD 695,014. Given the level of profitability being currently generated from the Cobre project, these balances are expected to build throughout the year despite committing funds to development projects.I might add your view is based on history!!! ie not forward thinking.As I say good luck, I do note however you appear to be a serial SELL rec poster I assume therefore a shorter.In my opinion you are wrong on this occasion but as they say time will tell. Good luckSool
JakNife
24 May 2017
Re: Stake Building? Soolaimon,---------- ---------- -"Points taken, I assume you have read the recent RNS's in particular the one of 21April this year!"---------- ---------- -Yes. And? The point that I particularly noted was:* Cash of US$0.695m as at 31 March 2017.see: [link] Hence my suggestion that they are low on cash and will need to place yet again. ---------- ---------- -"I would conclude this is a rare aim company with cash flow"---------- ---------- -Many before you have incorrectly made the same initial conclusion. Management talk about "profits" at Cobra but those profits are never material and are never enough to cover head office costs. Hence SML overall burns cash. It is *NOT* a company with positive cash flow. ---------- ---------- -"Each to there own but don't post strong sell signals without information to back them up."---------- ---------- -I don't see why you think that you are immune from this request? I've posted the information that explains clearly why:A. The assets of the business are circa one-tenth of its market capB. As a group, it is burning cash and loss-making. C. This is a stonking short as it needs to fall by 90% to be fair value. I fully expect a discounted placing any day now to accompany more poor annual results.regards, JakNife
Soolaimon
24 May 2017
Re: Stake Building? JakePoints taken, I assume you have read the recent RNS's in particular the one of 21April this year!I would conclude this is a rare aim company with cash flow which they indicate will increase in the second half of 2017 together with excellent projects all on going which could result in further uplifts in the sp through to the end of 2017.I will continue to hold from .0037 levels, may take my original stake out at some stage but I see this as one of the current best aim investments along with TLOU energy.The company also has an excellent CEO in JP, there is a shareholder presentation later this month.Each to there own but don't post strong sell signals without information to back them up. Good luckSool
