JakNife
23 May 2017
Re: Stake Building? Soolaimon,I'm not sure what you reasonably expect the forward statement to be able to say to make a business with £4m of assets worth 10 times that amount?The company makes a negligible cash flow on its cobra operations. It's acquired some tiny exploration assets that need capex. And they've managed to get people spinning positively about the company. But that aside. they're going to have to raise more cash. I fully expect a discounted placing within a few weeks, taking advantage of the recent promote.it's yet another over-promoted AIM explorer small-cap pump.JakNife
Soolaimon
23 May 2017
Re: Stake Building? JakThe final results are due to be published any day now and they should show a company with assets in the ball park of £4m, ie one-tenth the current market cap. Maybe so, but the results published will be irrelevant as they are historical?The company has moved on significantly since the year end results due to be published, it will be the forward statement attached with these results that will determine where the sp goes from here.Keep watching things are about to get interesting.Sool
JakNife
23 May 2017
Re: Stake Building? At 3.32p it's beginning to look an attractive short. 3.32p equates to a market cap of £43m.The final results are due to be published any day now and they should show a company with assets in the ball park of £4m, ie one-tenth the current market cap. Other than cash raised from regular placings they will have burnt cash.Overall, the share price needs to fall about 90% for it to be anywhere close to a sensible fair value.
dkok
23 May 2017
Stake Building? Given the pretty relentless growth in the shareprice over the past month or so, and regular large chunks of buys it appears to me that there is at least one and possibly more than one large scale investor building a stake/stakes in the background in this share in advance of news, which is due on a number of potential fronts.Time will tell, but I would not be surprised if we are not through the 5p mark and upwards in the next few weeks.GLTAdkok
ozzyg
19 May 2017
Director deals I should have spotted some big director deals in Jan 2017. Would have been wise move to follow them @ under 1p. I'm still very happy with where we are now, after being invested for several years.
roco200
19 May 2017
Pub meeting Hope we get feedback from the shareholder meeting next week.
xagent
19 May 2017
Very quiet Considering how the share price is moving, it's very quiet here
roco200
05 May 2017
Going from strength to strength Great RNS this morning.Note the 2.75p.We now own 100% of CARE
GButts
22 Apr 2017
Re: Recent share option grants. Thanks Cap'n you are bang on about the VWAP ( volume weighted average price ) over a 5 day period. The answer to my question was in the 6 the January announcement which I should have re read before taking the lazy option and asking for help.Rollo on 3p which should be achievable before the next scheduled announcement in May.
laallee
22 Apr 2017
Hello Hog Just spent the last couple of hours reading through your posts having taken a stake yesterday.Thank you for the research.
thehog2
21 Apr 2017
Re: Recent share option grants. "Can anyone enlighten me please?Is it the bid price or offer price that is used as the determining price level for the exercise of options"I think it is normally the mid price and usually there are caveats like 'over 5 days' or something similar.TH2
thehog2
21 Apr 2017
Update for the quarter to 31 March 2017 Strategic Minerals21 Apr 2017 07
08Strategic MineralsRNS Number : 9279CStrategic Minerals PLC21 April 2017 Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. 21 April 2017 Strategic Minerals plc("Strategic Minerals" or the "Company"
Update for the quarter to 31 March 2017 Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to provide the following update on the Company's operations for the three months to March 2017. Highlights:· Record domestic sales of 14,264 tons for March quarter at Cobre magnetite tailings operation ('Cobre'), New Mexico, USA;· Profit margin for March quarter at Cobre exceeded 50% of sales;· Significant new client secured - looking to at least double future Cobre sales;· Major component of rail settlement payment (US $400,000) received;· Option exercised (£843,649) and interest in Cornwall Resources Limited, Redmoor tin-tungsten project, UK ('Redmoor') taken up to 50%;· 13 hole Phase 1 drilling programme commenced at Redmoor to confirm and extend the high grade tin-tungsten resource at Redmoor;· Significant Cobalt findings in re-examined Hanns Camp core drilling samples at CARE Nickel Sulphide project in Australia;· First research note on Company by broker SP Angel issued;· Share options issued to Directors and Management vesting at 1.5p and 3.0p in line with existing Board and Management options;· Corporate overheads continue to be tightly controlled; and· Cash of US$0.695m as at 31 March 2017. Commenting, Alan Broome, Non-Executive-Chairman of Strategic Minerals, said: "The Company has made great strides in the second half of 2016 in obtaining a rail settlement and the acquisition of a substantial client for the Cobre operations. It has now settled the consideration due for its share of the Redmoor joint venture and is in a cash generative phase, utilising its cash reserves for self-funded exploration at both Redmoor and Hanns Camp, as well as actively considering new projects. "In the March quarter, the addition and subsequent replacement of a new client for our Cobre operations points towards a profitable 2017. The Board and Management consider the Company is in a strong position and are constantly reviewing both internal and external opportunities to ensure that cash resources are utilised most effectively in order to deliver value to our shareholders. With these positive developments in mind, we look forward to continuing to update the market on our progress, in a year we believe Strategic Minerals is set to perform strongly." Cobre magnetite tailings operations The addition of a significant new client in the second half of 2016 set the scene for the March 2017 quarter to record the highest level of domestic sales (14,264 tons) since the Company took over operations. Despite a bulk discount being provided to the new client, profit margins have improved and the pre-tax profit margin for the March quarter 2017 exceeded 50%. At the same time, annual sales revenues have almost doubled compared with the corresponding period in the previous year. Sales and volumes details are as follows: Tonnage Sales (US $'000) Year 3 months to March 12 months to March 3 months to March 12 months to March2017 14,264 36,221 $834 $2,1582016 3,427 17,175
GButts
12 Apr 2017
Recent share option grants. Pleased to see share price around the first of the triggers for vesting by the recipients at 1.5p.Looking​ forward to seeing the second at 3p reached. Can anyone enlighten me please?Is it the bid price or offer price that is used as the determining price level for the exercise of options?. Regards GB
thehog2
11 Apr 2017
RNS New customer at Cobre Strategic Minerals10 Apr 2017 0707Strategic MineralsRNS Number : 9930BStrategic Minerals PLC10 April 2017 Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. 10 April 2017 Strategic Minerals plc("Strategic Minerals" or the "Company" or "SML" New Substantial Cobre Magnetite Contract to Commence 1 June 2017 Strategic Minerals PLC (AIM: SML; USOTC; SMCDY), the diversified mineral production and development company, is pleased to announce that its subsidiary Southern Minerals Group ("SMG", the operator of the Cobre magnetite stockpile, entered into a new contract on Friday 7 April with a private company for the supply of up to 400,000 tons of magnetite at a market based price over several years, subject to availability ("Contract". This Contract was entered into after the agreement referred to in the 13 March 2017 RNS ("Agreement" was terminated for not having met prerequisites in nominated timeframes. A US $10,000 deposit on the Contract has been transferred to SMG's bank account and a substantial security deposit of US $250,000 is to be lodged into solicitor's trust accounts by US close of business 14 April 2017. The contract calls for a minimum purchase of 4,000 tons per month, which is to commence from 1 June 2017. As previously noted, logistics at the mine site would result in a maximum supply, above existing client demand, of 6,000 tons per month. This Contract is likely to more than double annual sales from Cobre, which is likely to be achieved without affecting SMG's effective net profit margin of between 40% to 45% of sales revenue. The Contract will terminate if, at any time, SMG loses access to the magnetite stockpile. Commenting, John Peters, Managing Director of Strategic Minerals, said: "Management have a high confidence that this Contract will progress and note that it is, compared to the Agreement we have just terminated, for a greater total quantity and has doubled minimum monthly purchases. We will inform the market when we receive the solicitor's confirmation that the $250,000 security deposit has been lodged into their trust account and that they hold an irrevocable order to release the funds upon a claim by Southern Minerals Group. The impact of the Contract on the Company is not to be underestimated as it is likely to materially boost the expected profitability of the Cobre operation in 2017." For further information, please contact: Strategic Minerals plcJohn PetersManaging Directorwww.strategicminerals.netFollow Strategic Minerals on:Twitter: @SML_Minerals LinkedIn: www.linkedin.com/company/strategic-minerals-plc +61 (0) 414 727 965SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerEwan LeggatLaura Harrison +44 (0)20 3470 0470Optiva Securities LimitedJoint BrokerGraeme Dickson +44 (0)20 3411 1880Yellow Jersey PRFinancial PRFelicity WinklesAlistair de Kare-SilverJoe Burgess +44 (0)7825 916 715
thehog2
22 Mar 2017
Drilling Commenced At Redmoor, Strategic Minerals22 Mar 2017 0705Strategic MineralsRNS Number : 1147AStrategic Minerals PLC22 March 2017 22 March 2017 Strategic Minerals plc("Strategic Minerals" or the "Company" Drilling Commenced At Redmoor, Cornwall Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, confirms that Energold Drilling Corp. ("Energold", the drilling company appointed by Cornwall Resources Limited ("CRL", has informed CRL that it has commenced drilling at the Redmoor project in Cornwall, England. Energold has been contracted to undertake a 23 hole drill programme to be completed in two phases. The aim of the drill programme is to confirm and extend the high grade tin-tungsten resource at Redmoor. Commenting, Strategic Minerals' Managing Director, John Peters, said: "The commencement of drilling of the 13 hole, phase 1 drilling programme, so quickly after funding, is a testament to the skills of our development team and to the support we have received from the residents of Kelly Bray and Callington, as well as that of the wider Cornwall community." "Phase 1 drilling is expected to be completed in the third quarter of 2017 and it is anticipated that interim lab results from the first few holes will be released in Q3 with a full report expected to be released in Q4 upon completion of lab analysis of all 13 holes." "Phase 2 of the drilling programme is expected to comprise a further 10 holes and is also planned to be completed this year." Please refer to the announcement made by the Company on 26 May 2016 for more information about the Redmoor tin/tungsten project. Information on the project is also available on our website and pictures of the drilling activities will be added as available. For further information, please contact: Strategic Minerals plcJohn PetersManaging Director www.strategicminerals.net Follow Strategic Minerals on:Twitter: @SML_MineralsLinkedIn: strategic-minerals-plc +61 (0) 414 727 965SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerEwan LeggatLaura Harrison +44 (0)20 3470 0470Optiva Securities LimitedJoint BrokerGraeme Dickson +44 (0)20 3411 1880Yellow Jersey PRFinancial PRFelicity WinklesAlistair de Kare-SilverJoe Burgess+44 (0)7825 916 715
