Member Info for canillasboy

Next big news is likely the final summary of drilling program together with PFS. Likely end 26 early 27. In the meantime the drilling results as they are released, and other company news will still act as momentum for sp and mcap. So hope to see slow but steady progress there.

Add. A merger with TUN would likely still be subject to the conditions but might be seen in a more favourable light.

Although TUN is ahead of Redmoor in terms of getting to production it still has finance issues hanging round its head atm. It will likely overcome those once it gets to production but may not be well placed right now for a potential merger , who knows really, but more likely there are sensible savings to both parties in processing product but these are not necessarily all straightforward. For now perhaps both projects will be focusing on their own work as both have much still to do and any distraction with merger talk may delay delivery of either/both. Both projects need to get to production asap as product in the ground makes no profit!!

Money men will likely be examining possibilities already but the practicalities may delay or preclude such a venture.

But follow the money: if there is serious money to be made in doing it then it could be a sensible outcome.

AI view of T/o bid for SML.

"A takeover of Strategic Minerals plc under the UK's National Security and Investment Act (NSIA) 2021 would likely not be considered easy due to the mandatory notification requirements associated with its business activities.

Because Strategic Minerals plc operates within the mining and mineral exploration sector, it is highly likely to be considered a "qualifying entity" in a sensitive area (such as Advanced Materials or Critical Minerals), requiring government approval before a takeover can be completed. "

Maybe a degree of comfort regarding this issue. By no means completely safe of course but much more difficult now.

Plus means higher likelihood of Redmoor getting to production and producing the product and the profits.

Change in March 26 to NSIA minerals list and Critical Minerals now separate category.

Will make T/o suitors more mindful before making an approach.

Massive fines if they do not follow procedure too so they need to be careful.

https://gowlingwlg.com/en/insights-resources/articles/2026/uk-national-security-and-investment-act-reforms

Love to see it MT but as we go up quick we will get some pull backs too as some wallet their profit. But it will just keep going up I think and will keep adding momentum as more positive newsflow emerges.

Chacun peut vivre dans l'espoir du succes!!!

Makes me impatient to get to end of summer!!!!

Each to their own Messi

Well they are already in play with South Crofty and Cornish Lithium. Allegedly have £27.8 billion available with risk limit of £7b.

We will probably want c£180m maybe so good a chance as we have a compelling case with, on the face of it ability to repay, maybe in year 1!

Just read the Baron post which also mentions that idea of possible funding.

I suspect there will be a lot of doubt and even derision at the thought , but the UK Gov National Wealth Fund may be well placed to supply some funding and better still possibly act as a guarantor of funding/lending to the SML project, being a Critical Minerals Miner. They have supported South Crofty with c£28m to assist in its rebirth and Cornish Lithium c30m too. It has £billions at its disposal supposedly to assist in many types of UK industrial projects, particularly Critical Minerals.

If this were possible either in whole, part or with a combination of further dilution it would at least minimise the further dilution as we would hope to raise the funding with higher mcap and sp thus negating any need to de merger or the like.

https://www.gov.uk/government/publications/uk-critical-minerals-strategy/vision-2035-critical-minerals-strategy

Propinquity and all , my apologies have done so much reading research got terminology wrong in my post. SML is not an NSIP but it would be covered by the National Security Investment Act (NSIA) because it is involved in a Critical Mineral Mining Project and in the event of a takeover or bid the snippet I posted would be applied in that event.

Time for a break I think.

SML has been classed as a Nationally Significant Infrastructure Project (NSIP). As such this puts it in a category of special consideration and ( dare I say some protection) from takeover approaches hostile or otherwise, by UK Gov. Certainly approaches from countries viewed as "hostile" to UK interests are non starters.

This snippet details how takeover approaches will be considered for NSIP companies:-

When the government can call in and assess acquisitions:-

The government can call in and investigate an acquisition – whether it is in contemplation, in progress or completed – of a qualifying entity or asset if the control being acquired meets any of the following thresholds:

the acquisition of shares or voting rights in a qualifying entity passes any of the following thresholds:

from 25% or less to more than 25%

from 50% or less to more than 50%

from less than 75% to 75% or more

the acquisition of voting rights in a qualifying entity that allow the acquirer to block or secure any class of resolution governing how the entity operates

the acquisition of a right or interest in the entity that allows the acquirer to materially influence the policy of the entity, for example acquiring the right to appoint members of the board of the entity that enables the acquirer to influence the strategic direction of the entity

the acquisition of a right or interest in a qualifying asset to use it, or use it to a greater extent than prior to the acquisition

the acquisition of a right or interest in a qualifying asset to direct or control how the asset is used, or direct or control how it is used to a greater extent than prior to the acquisition.

This at least gives some degree of comfort that it will not be straightforward for any suitors to make any kind of bid.

and succeed.

Also of note is that Tun West were most disappointed not to have been able to obtain any government funding support for their project, not yet clear why , and have had to rely on private capital raising.

SML on the other hand have already received some modest support for Redmoor.

So hopefully some degree of comfort that UK Gov may be able to offer some protection and support whilst Redmoor project gains financial stability and longevity.

Yes it also sticks in my craw that they will now be benefiting from all those free shares they voted themselves whilst that sat around not pushing the project forwards in any meaningful way.

Sorry Valii should have been to ontarget. I think.

Yes Valii have a look at Rib and Roof mining technique. Redmoor will likely be along those lines.

Unfortunately bg 10p won't be anywhere near enough to remove the target from our back.

Good for you kd. Man after my own heart, I have similar history with SML.

With share trade volumes like last couple of days averaging c60m. If 30m are sells and 30m buys then that equates to c1% of total shares being bought. So as acquirers will be fighting amonst eachother to get their habds on them nobody atm is really making significant headway in raising their % stake in the company. Good for avoidance of t/o which is why atm I think if an offer comes it will be direct to shareholders at a good premium to current sp.

So we need sp to get a move on to deter them and raise mcap significantly.

I am sounding like a an out and out ramper with this but I can assure you all that I am a 7 figure lth of these shares and want to get to the production point of this project and beyond.

You see though kd that 20p is also derisory really when you consider the long term prospects with this project. So if an offer came direct to shareholders at say 40p how would that rest with you?