Member Info for DanBrown83

Is that the first indication that the large seller has concluded

Thats the problem with the loan - he has nothing to lose and is making money in fees at same time from us shareholders If we have no movement on RHA / ZULU in 2 months 5 days (10th August) - i honestly think PREM will be wound up I still think ZULU is a major potential Asset. i just don't think GR is the guy to get the best out of it

Surely that was a sell and part of the reason for drop

Too be fair it’s probably not worth me selling and seeing how next 2 months go, waited half a year since the disaster st RHA and need to wait longer, I keep looking at Zulu and think what potential

This is me out, see how far it drops today When a Director is providing a secured loan then we should be worried, at least he hasn’t secured it against Zulu $300k for 2 months cash flow, hopefully that does mean a conclusion to Zulu and RHA shortly

We will find out with YA in 2 weeks i suppose In terms of Oil - results are good so far and we are progressing well on this front in terms of Gas - we really need an update now - clean out phase shouldn't last a month, nothing on presentation ets. I'm still bullish overall but i want to know the GAS, wheres the flare etc

The BOD said they were looking to do a similar project to East Denver with the cash funds at the Shareholders meeting They have secured a very interesting site indeed. With our cash funds, we are under no financial pressure and is we can utilise the same evaluation methods / 2 production wells we retain for first 6 months of production and then sell the 48 well site for say $10m + retain a 25% interest in site, then we can truly see how this can work for some serious cashflow

TBH it’s just what we already know so you can ramp or deramp all you want but there’s no new news, operational update saying on course for early July and this will motor, until then this 11p to 13p seems the range

Price has dropped on expectation of loss of contract, it’s safe and going to be amended and it’s not going be much worse than prior contract, given we now have LCCM there is the real possibility of 2p in the near term, monthly income brings profit and safety during this phase of multiple asset enhancement

we have decent reserves but we are in a very heavy expense period developing / exploring 3 different Assets and our only income producing Asset having lost its main contract - SMG would be back to maybe if things were good $1m turnover, no where near enough to facilitiate our growth and with a few million in Bank - it would go quickly it was mentioned by someone on here that there was potential for placing if COBRE Contract wasn't sorted We now know its been sorted and we know its changed (for the worse - but its not hugely negative) so we will see what is in it but having a safe secure income is what first attracted me to SML at 1.5p over a year ago, i now have an average of 2.2p as i really like LCCM as another cash cow once developed and truly believe that if LCCM and Cobre are income generating as i hope come late 2019 - we will be multiples of my average (HC and Redmoor are Long Term and i have priced them in at virtually zero (i'm actually not impressed by HC yet)

FIRA - i have seen TBH - SP has been at the mercy due to COBRE CONTRACT the Cobre contract gave a guaranteed income - it really made SML a safe Long Term Share knowing that we had a profitable operation - when that (obviously people knew prior to announcement) - the SP drifted and is where it is as people feared a potential placing as our reserves would be fully utilised in Working Capital / Exploration and setting up LCCM The fact is - we know that most of our income is secure (we don't know full terms) but my point is come DEC 2019 when COBRE contract is producing X, and LCCM is producing Y, what will the SP truly be, a good estimate we will be turning over $20m+ at a very good margin profit margin

SMG's client continues to progress its applications for environmental planning but has not, as yet, received approval. SML has been working with the client to ensure that, irrespective of the progress of the applications, SMG will be in a similar position to that which it would have, had its underlying contract with the client been applied. FIRA - clear as day that the current environmental permit applications will not greatly effect the overall underlying contract from last year in terms of revenue to SMG To me you have now sold (as stated) and are trying to be negative to get a 10% return - see you at 2p in few weeks once new contract details released - i'm sure it won't be as good as last year but we have retained our major customer and this today is excellent news as with the recent drop - i was expecting the worse

MrT / DVH My take is slightly different I believe that the Permit for our customer is still required, if they don't get the permit they will continue with the contract for the minimum amount (this will probably be amended in new Agreement) but it will be that the same tonnage will be delivered over the period. I believe that once the permits are in place (if approved), the required Magnetite will increase significantly from the minimum and in theory could easily surpass the Contract and surpass the monthly sales Personally, in a few weeks when the new amended contract is in place and sales are progressing once again, we will pass 2p which realistically was where the support was pre Cobre news Opinion of December 2019 will be a very lucrative Cobre contract and a very lucrative operation in LCCM and 2 very big Resource plays been progressed - what will our value be here - i can see a �50m+ MCAP been realistic This also opens up the real probability of the BOD looking at new low cost projects now our cashflow will be a lot more settled and profit making once again

Sounds Positive - i said the other day that i think we will have a bit more time with no sales but main thing is not to lose contract - this seems to have what has happened Also seems that the agreement is not going to be dependent on Permits so if that arrives its an added bonus and increased sales

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, wishes to inform the market that its wholly owned subsidiary, Southern Minerals Group ("SMG"), operator of SML's Cobre magnetite stockpile in New Mexico, USA ("Cobre"), has agreed in principle a future plan for magnetite supply arrangements with its largest customer. SMG's client continues to progress its applications for environmental planning but has not, as yet, received approval. SML has been working with the client to ensure that, irrespective of the progress of the applications, SMG will be in a similar position to that which it would have, had its underlying contract with the client been applied. An agreement in-principle has been reached with the client; documentation is currently being finalised and is expected to be signed in the coming weeks. A further update with full details will be disclosed once this agreement has been signed.

End of May - no RNS on funding despite last Update saying news in May (always expected to be late given history of placing news) Think you will have next RNS by 15th June else the working capital situation will be really dire

I borrowed 2 years ago, its was a calculated bet in a share called Asian Growth, probably my best performing share, they had announced a Divided following a sale but it took time - market cooled off for people waiting so i bought few weeks before anticpating sale to conclude and Dividend to pay out - it all went through and i made �5,000 profit in a month and cleared the loan and interesest of circa �10,700 and had �4,300 profit I wish i hadn't sold them as they are now delisted paying another �1.20 in Dividends (i bought them at under 40p) - took an 18p Dividend and sold at 46p post dividend - but borrowing money on a gamble is never good

John is correct, we are overprice per barrel of oil in production, but we are exploring, do you think when Columbus was exploring and discovered the Americas someone back in Spain said you have brought minimal spice and gold back with you it was a disaster or is it regarded as one of the most important voyages in the last 500years, Frontera is the Columbus of Block 12, a reserve of oil and gas that will last many many years, not just what we are producing in old soviet exploration wells

Nope, they are not convertible notes, so it’s a 3rd party investor on one well so no need to disclose, if they want to be anonymous that is there right, also they only get money from oil sales so I think they will go straight for all zones, I’m sure the investor will want a return of money ASAP and best way is to get all the mechanics correct from first 3 wells and then hit Niko hard, if all goes well, could this investor do the same on a full field development

It’s the best form of funding, it’s no dilution and only reduces the income stream of one well, if we get an investor like this in the interim for a few more wells next year there is the reality we can grow on our own in terms of oil