Member Info for canillasboy

Well as traders and share holders sell the shares, they can be hoovered up over time by institutions building a stake. On current share volumes that does not yet appear to be happening a lot but if volumes start to increase materially then more likely and more possible. Once you get a few shareholders owning say 30% of issued shares they can act as a team and have sufficient clout to steer things to suit themselves. eg push for a takeover from a preferred suitor that suits them but may not be the best for small investors. There are many permutations but that's kind of where it could go but I hope it doesn't.

Yes it is encouraging the last two days. And the chartists would indicate that a breakout is imminent to maybe 7-8p ish but of course dyor. I am in it for the long haul, want to see it get to production and reap a share of those millions of £ pa that are indicated by the BoD and team.

Not really london when we have 2.81billion shares issued.

Worth noting that today's volume is c82m ( final tally not complete) which is still only 3% of issued shares so still quite modest trading really, but equally good to see rising interest in the project.

If Mr Coffey has added then TR1 will follow in a few days. In itself that is encouraging if he feels confident enough to add to his stake.

Also want other institutional investors to get on board but not to a level where they can steer the direction of travel to suit themselves as they have in GMET where they have c 50%+ of the shares. Its ok if they want to get the mine to production and as long as they don't squeeze the rest of us out.

As sp creeps up a bit at a time we are heading towards market cap £200m.

If Mr Coffey is adding to his stake then it will require new TR1. Could of course be adding in a different name/entity.

I think it likely that some institutions will be building stakes here now that they can see more clearly the direction of travel.

So possibility of more TR1 notifications in coming days/weeks perhaps but bearing in mind they can acquire c84m before triggering TR1 atm.

Sp will continue to move up but as always we will see a few steps forward then a few back and then repeat with a few jumps on important news ( hopefully mostly up). We are now trading in the all time high zone with our best finish yesterday. So we can ignore the other noise, the fundamentals of the project are sound and moving forward at pace.

As with all things and human nature we all want to see great jumps forward asap but actually slow and sure is better and demonstrates good consolidation and acceptance of project story being true and accurate.

Tunman

GMET may be overvalued but as it is in the hands og Institutional investors now (probably with some decisive connection to US Gov too) the value is almost immaterial imho. The project will just get what it needs to go into production and USA will consume every oz of tungsten produced.

Also worthy of note:

"As part of the PFS economic update, Strategic will look very carefully at the previously established production throughput – we concur. A throughput rate of 600kt per year and a mine life of 29 years is not the right approach for this new larger defined deposit, and we look forward to hearing Strategic’s thoughts on increasing its throughput and perhaps even doubling it from the 600kt/year used in the Scoping Study. The PFS will also look at further refinements including in metallurgy, mine and processing design, options for processing, all aimed at providing further potential uplifts and project optimisations. The PFS as we see it is fully funded from the £8.7m raised in January and March this year and we expect further government or council grants may be available to help. "

Particularly, strong possibility of grant finance???

Furthermore;"

"Cornwall Council view mining as a growth industry, providing strong support for exploration and the UK Government have designated Cornwall a High Priority Opportunity area for Critical Minerals and Mining. We understand the local council, Callington, has a “mine” in its long-term growth plan already.

Always things to keep in mind when considering the rate of progress and possible timeframes to production. This BoD are getting things done ( with help when needed)>

Zeus summarise the Redmoor project very well.

"The Zeus view is that the Redmoor project is a company maker for Strategic Minerals. It is hitting all the points we expect in a high priority project – it is high-grade; it is open along strike and at depth; it lies in an area known for historical mining and which needs further inward investment; it has tacit local and government support, and; it is progressing in a very robust tungsten price environment – and an environment in which we see demand only set to increase against a poor supply outlook. We update our fair value to 14.9p/per share which we see as a new conservative valuation."

As SML appears larger and more feasible on the institutions radar it is more likely now they will consider building stakes in the project. This together with increased PI's adding to their stakes should help drive the sp and market cap forwards steadily.

hope to see progress in days and weeks to come now.

Just shows the true potential of what is in the ground at Redmoor.

GMET now owned by institutional investors the main one being Ucam Ltd who are an "unknown" investment company.

I would think US Gov somewhere have a stake in this as its on their turf and they want the tungsten really badly. So this project is never going to fail the US won't let it, hence why their sp and market cap are so healthy. They only have 194m issued shares and c56 % are owned by institutions and a few individuals. Also note HL and IG have a stake. Follow the money. This one is not going to fail it will get whatever it needs to be a working tungstem mine asap.

If SML get a good shot to production they too will do well but they will have a target on their backs now so anything is possible from this point on imho.

Share volumes yesterday quieter than of late at 26m, today so far just under 16m so again fairly quiet really.

Please try and keep yourself up to date. The MRE was published on 26th March. Look at the RNS pages to see it.

Thinking about it there maybe some ex directors with that kind of number of shares who may want to sell them?

So yes it may be possible more easily than I thought.

You do realise he would have to get hands on nearly 423m shares to get to 15%. Not sure there will be that many available unless they release more by way of placing/offering.

Daltry, agree there is often a lot of bias in what they say as they want to steer the share in one direction or another. Also as Sp Angel is the appointed broker for SML ( that makes them a customer of sorts) so they will want to support the dialogue from the host company.

As for whether many take a lot of notice it is plain to see that many do , certainly private investors, as there is not always much other institutional dialogue to examine easily. The brokers comment/advice usually gets followed generally, unless other events compromise theirs so the sp will generally follow their direction of travel but obviously supported by the company dialogue and activity.

So I think when the reports come from Sp Angel and Zeus I would expect them to be very favourable in content to SML and as a consequence will support the direction of travel upwards for the SML sp.

Expect Sp Angel and Zeus will shortly be publishing their opinion on where SML is and where it is going and at what speed . Am expecting those comments to affect the attractiveness of SML as an investment vehicle for more people/institutions and be reflected in stronger demand for shares reflecting a higher share price. Maybe next week??

Appreciate your view Messi. However, this BoD has driven the Redmoor project further and faster than any of us could have hoped for so far. They continue to drive the project forward with speed and acumen, it would seem, and many of the timelines you refer to are anticipated to be shorter than the years you predict. Drilling continuing now, and PFS only a few months away. Planning for permits and environmental impacts etc already under way with positive feedback from the relevant authorities. UK Gov has already played a part in financing drilling and is in consultation and available to assist with finance as the fundamental tungsten product is identified as an important UK material asset. So although the share price has risen in the 100's% recently it is more a reflection of fundamental progress and likely outcome sooner rather than later. Of course there is never a guarantee of these things but it is hard to think what else could be being done with the Redmoor project that isn't being done in order to progress it to production with all speed.