Member Info for Happyzone

Well done board, reject an offer at nearly 150p to accept one at 50p. What a bunch of numpties.

Baron Investments

@baroninvestment

·

1h

A few more paragraphs on this...

STRATEGIC MINERALS #SML at current valuation levels are a sitting duck as one of the highest graded Tungsten plays globally with the deposit remaining open along strike and depth! A multi decade mine life, an orebody that very likely expands and £Billions in cumulative free cash expected at a fraction of todays metal price.

One has to also note that holding TUNGSTEN WEST #TUN (which soon goes into production) is set to make much of its market cap in free cash each year! Analysts are already talking about how it's going to distribute as the optionality will be immense (production capacity, dividends, buyback but also M&A). Zeus in their recent report highlighted that at just $680/mtu the company will make free cash of $100m per annum but pricing right now is c.$3,000/mtu!

High profile investor and Australian billionaire Greg Coffey (“the wizard of Oz”) owns 3.34% of Strategic and 15.57% of Tungsten West. And fwiw, Coffey recently provided funding for the first phase restart of fines gravity processing at Hemerdon.

Very very happy to be in both and I'm sure it's not just me?

Thanks BOD. What a hopeless shamble of directors you are.

How much business nonce does it take to turn down an offer of 156p to accept 50p???!!!!

No doubt you'll mess up this offer and the next will be for 15p.

Rant over.

It'll be interesting to see what happens in the last hour of trading today...

Mainly concerns TUN, but a smallmention for SML. Sorry, can't copy and paste.

https://digitaleditions.telegraph.co.uk/data/2396/reader/reader.html?#!preferred/0/package/2396/pub/2396/page/89/article/NaN

Nice info. Slightly surprised at the small volume the board have. Would've expected more director purchases in recent months.

And on a share like this, I wouldn't set a stop loss. Very easy for the price to drop and stop loses kick in, shares get hoovered up, a bit like today. I think we all know which direction this is going in, so just ride the waves and tolerate the troughs. No share goes up in a straight line.

I know the feeling... bought 72,000 RR about three and a half years ago at 72p... sold at about £1.10... idiot! Didn't want to be greedy!! Still, a profit is a profit.

Glad to say my percentages are better here... and continuing to rise.

You can see any official objections (none at present, ust support) from local residents on the Cornwall planning website. Sorry, I don't have the links to hand at the mo, but I did post them on here about 3 weeks ago after visiting the site myself.

Not selling yet.... All the ducks are aligning nicely. As far as I'm concerned, there is plenty more to come here. Indeed, I reluctantly bought some more this morning. Hurts a little when I started buying at 0.3p, but hey, if it continues in this vein (sorry),then it's still a good investment. It would be nice to see a home-grown success story. Lord knows we need it. Can't even build trainlines anymore...

Good luck all.

Nice find and good publicity. The momentum is building.

TB1

I'm pretty sure it's one drill at the moment, with more to follow shortly.

Thought I'd take another trip to Redmoor to see if i could locate the drill and bingo.

It's not on Redmoor, but on the other side of the main road (A388 Launceston Road) to Redmoor, on Florence Road.

Single drill, operating today, Saturday.

If you want to do some digging(!), here's the link to Cornwall County Council's planning;

http://planning.cornwall.gov.uk/online-applications

SML planning Ref is;

PA23/01113

This was approved in 2023..

You can find here all the documents relating to the current drilling, including public comments, site maps, etc... the maps also show the locations of old shafts.

Let's hope Florence and the (drilling) Machine can unlock some further value in SML.

Bluegrass

Agreed. I'm saying the MRE was already priced in, so this will make no difference to the immediate share price. This will go up, though I doubt that will be today.

Trust me, I am a substantial share holder, been here for well over a decade and with results like this, will remain here.

I just get a bit tired of the rampers with their unrealistic expectations. Yes, I expect the share price will go a lot higher eventually, with the right management, which we appear to have. But don't be surprised if you see red today, in more ways than one...

Prude in doesn't mean 6 months down the line, it means on the release of the news.

Agree, this will go up, but not today. It WAS already priced in for today's news.

Bluegrass, be realistic, this has been hyped for weeks, drill results have been there for all to see, so why is it such a surprise that this is already priced in? It will rise, eventually, but for more we just have to sit tight.

I notice there's no mention of the rampers on here who before today we're saying it'll be 7p, 10p or even 20p on today's release....

I've been trading for decades and the small rise so far is no surprise. With the hype beforehand, the market has most likely already priced this in as Jane indicated. We may even end up with a small drop today. Just be thankful the MRE was as good as expected...

However, on the plus point, the fundamentals are excellent, so I see a steady rise over the next few months.

88m volume today. I believe that's the highest to date. Good to see the increased interest in SML.

What's not to like?

Roll on Thursday.

As promised, below is an update on the drill rig situation at Redmoor. This is from Dennis this morning, interesting last paragraph;

Thank you for your email. It looks like you probably drove past our previous drill pads on Redmoor Road? As you may have seen, the first pad has been fully rehabilitated, and Pads 2 and 3 are currently undergoing rehab now that the worst of the very poor winter weather we had has passed.

Drill Rig 1 of our new infill drill programme will first utilise Pad 4, which CRL had previously permitted but was not used in 2025, this is not on Redmoor Road.

As referenced in the RNS: “Drill Rig 1 arriving on site at Redmoor ahead of commencement of the infill drilling programme. Drill pad setup now underway, with the drilling compound to be setup following arrival of further equipment and materials.”

Pad setup is now well advanced, and a further announcement to shareholders will follow with more details. I hope that helps.

I would also caution please do not enter the fields with the drilling rigs in, these sites use heavy equipment, and are private property.

Subject to availability, and interest, we may run a drop-in session soon on site for those interested to register, to give an overview of drilling activities.

Have emailed SML regarding on-site drill. Will post response when I get it. I'm in the area for a week, so may take another trip up to Redmoor after I've heard from SML.

Think that may be the next step...