The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I got on a red eye flight yesterday morning and was thinking that SML has legs and it will rise back to a 0.43 holding pattern before any more good news and that the only thing that would stop this would be another intervention by the BOD to raise funds, rather than just wait, as the income is now coming in every 2weeks. Got to my hotel late last night, logged in this morning and as if by magic they have managed to do it again. Lifestyle is more important than shareholders.
Sorry predictive text Paltry.. not poultry
I’ve had a vent today sorry if it offended a few
But had to get it off my chest as it’s been building up
Its done now , so will not be repeated tomorrow or in the near term
Atb and as always good luck with your investments
Must have missed the bit about chickens in the RNS.... :)
"we all know the capex required to get mining needs major investment not a poultry grant to further explore."
No offers DVH and ran out of time before last orders to put sell order in..
The market is not on fire but there are a few undervalued gems out there...
ATB
Bitcoin, did you get any offers for your shareholding? Investing elsewhere? I've really scaled back my AIM 'gambling', too much of a jungle and everyone's a 'trader' nowadays, many happy to take enough to fund a fish and chip supper lol
I guess like many others here I've been around this stock along time. And though correlation isn't causation there has always been a rough correlation between the tonnage out of Cobre and the Share Price. To me it looks like we are moving from c.4000 tonnes per qtr to c.12000 per qtr. We have not seen this tonnage since Q2 2021, that's still some way off of the tonnage we saw peaking in Q4 2017 which was c.30000
Good Luck All
Https://youtu.be/9gO8LSv145k?si=oucd5xvRDiccfSxd 6.48 minutes in
WTF which is funnier... This or Little Britin :)
Its called Reality ...
The way this company has been run into the ground by an inept BOD is a calamity...
They have absolutely no idea how to run a business.
Naive is an under statement .. more like Gross misconduct...in office.
Bitcoiner - many of us long term holders, who are seriously under water, woke up and smelled the coffee, long ago! I’ve seen u-turns in my life but yours, as far as prospects for SML is concerned, certainly is the most significant!
Https://ciosgoodgrowth.com/funding-opportunity/community-levelling-up-programme-1-885m/
Grant funding .. Min £5k .. Max £200k for Redmoor...
I suppose if successful it will help with Directors fees...
Leigh .. Creek...A company with the funding to move forward has all the leverage Taking the cream first....
I can only imagine the kind of deal JP will sign to give some good news..........
We have done a deal with .... ? given 50% of the project away.. once our partner has their investment back with the first
3 yrs profits we will get....
Watch this space...
My opinions only based on the last 7 yrs investment with this BOD
ATB
i expect the money is to pay their fees.
too let the working capital run so low is incompetence.
to pay 19% interest even on such a poultry sum is incompetence
why don't they bung the money in if they are so confident...
they should not be taking any fees . what exactly have they been doing to earn any?
we have had jam tomorrow for too long.
what is the extent of the possible grant at redmoor, what will it be used for.
we all know the capex required to get mining needs major investment not a poultry grant to further explore.
leigh creek... so we are splitting the profits from a mine that does not stack up for investment.
half of **** all is **** all.
then cobre... have the come clean about the incestuous relationship with clovis and his family .. did they know about it.. of course they did. its just a cash cow for their fees which i am sure will increase when the income increases.
then you go back a little further and alan broome brokering a deal for a nickel tenement for £600k ..
the exploration was inept...drilling holes willy nilly with no idea...
the truth is leigh creek due diligence prior to purchase was none existent...
look back at the previous videos.. john peters asking phoenix to confirm recovery rates were mega on video..
ffs .. 5 tonnes of solution sold which cost more than it was sold for.
sometimes you have to draw a line... and take a pill.
this bod is not up for it and this climate / business environment has confirmed ...
look at the figures , what are the assets worth £1m in a fire sale...
wake up and smell the coffee.
this bod are not up to the task.. look at pw and ab at mustang...
what a track record... i could go on and post videos which you can now look back on as comedy...
i will be drip feeding the sales to get out completely unless they resign forthwith.
Sammy, Salient questions, indeed - take good news here with a pinch of salt: as noted on many previous occasions before: this BoD has history on its side when it comes to kiboshing an increasing share-price.
Nonetheless, let’s all hope - for our collective sanity and patience - that the BoD’s current ebullience materialises as advertised, to solidly underpin the recent increase - and some.
A few thoughts………..
Why would our Board need to borrow a mere £50k for working capital? The bottom line must have been very very tight?
Why would the board say that they potentially may not be able to take on this additional new client at Cobre when they have at least 7 years supply of magnetite?
Why is the grant application still progressing at Redmoor, I thought it was submitted months ago?
Why has the second ‘Copy and Paste’ PEPR not been approved when it was submitted well over a year ago?
Why have we not seen or heard from AB for months?
Just a few thoughts.
And we now also know that there’s at least 20m shares available for sale at 0.30 as some LTH’s run for the exit!
19% interest is pretty high , but its only for AUD 100,000 and is for a weighted average of 5.5 months , so actual cost of interest is limited to AUD 8,700 which equates to lss than one quarter of one percent of the annual magnetite sales that they have predicted. Proceeds specifically not being used to pay the directors , so presumably just tidying up a few outstanding bills. Not sure we need to get too worked up about this...
Hows it going Bitcoin ? managed to sell a few more yet?
'The Company anticipates that the 2024 Cobre sales volumes will be over 50,000 tons (17,965 tons in 2023) with revenues expected to exceed US $3.5m (US $1.6m in 2023).'
That's excellent news for Cobre. If they can follow this up with some positive news on the other projects we should see a big recovery in the share price
"Discussions also continue with another potential new client that is seeking large volume shipments. However, recent arrangements with the major client and the additional new client may impact our capacity to fulfil a large order."
It will be nice to see tonnage out of Cobre back at 2020/2021 levels and at the 20% price increase from those days. I wonder if we will be able to bag the other major client too.
Brilliant news .....
Cobre Sales Update and Cash Management
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company, is pleased to provide the following update on Cobre clients and corporate cash management.
Highlights
· Additional new client added with expected volume of circa 5,000-7,000 tons pa.
· Existing major client's payments commenced in line with tonnage collected.
· Expected 2024 revenues, incorporating the new and major client, to exceed US $3.5m.
· Short-term working capital funding facility undertaken.
Ffs Jp .. 19 per cent credit card rates
Who is this investor ?
Doubling up on a bank loan ?
My son who’s still at school has more in his piggy bank than sml
It’s because the bod have sucked itje pot dry dry on 3 hrs a week
I've offloaded a few but now left with 17M. I was hoping for 0.3p to walk away with a small profit overall after 7 long years here. Looks like I've got some competition with bitcoin lol
You have made my mind up , I’m going to off load my other holdings in SML .. 23. 6 m I suppose in smaller trades unless
Anyone wants to bid for my holding and put a buy order into
Sweep em up ? .25 p and they are yours
Its allowed but there is way more to be positive about now than a short while ago.....we have all been so patient, a little more should pay off IMO, ATB
22/11. Bitcoin buyer: “hang in there , 2024 is the year of SML”
Not being funny bitcoin , but don’t you think you looks bit ridiculous… still , the silver lining will be if we can get someone like you off the shareholder register and you can go and have your fun with another company !