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https://irs.nbtrader.co.uk/ir/StrategicMinerals/newsArticle.php?id=2704771&ST=SML
Third tranche of debt linked to key construction milestones, i.e stage payments to reduce risk - I hope a certain person is sipping his coffee as he reads this :D
Stage two financing is making progress.............
Just caught up with the news & today's post, the RNS was great and puts to bed all the worries that would have been starting very soon as to whether or not we would get permission for running our operation at Cobre for another year. Hopefully news on our major client will surface soon with info on how they are progressing with their Environmental Approvals and when they are anticipating resuming their take-up of Magnetite again. Entering a good news rich period for sure, this will fly very soon hopefully :D
After the question I asked earlier I would, if anyone has the impression that I'm a village idiot, like to state emphatically that I don't live in a village lol :D
SL they say there is no stupid questions, but perhaps I found one :D
I've donned my tin hat ready for the incoming :D but is stage 2 is proving too difficult because of all the complexities, cost exposure and risks involved, why not consider to break down stage 2 in to sub-stages i.e. 2a, 2b & 2c to cover for specified milestones and anticipated time-frames, (e.g. progress x in timescale y). Just a thought, I'm hunkered down behind a big rock now :-)
Fair play to you Alan for being in since the 5p days. I first bought in at 19.2p on 25/5/15 with my lowest buys at 11.98 on 9/2/16. Been purchasing every now & then ever since. I did make a howler on 23/8/16 with purchasing at 43.37, getting carried away pre-stage 1 :-( My average is 25.21 so like lots of others I'm still showing a paper loss but am still hopeful!
SP for end of 2019 for SXX has to be 69 :D
Merry Christmas everyone.
A short interlude whilst the markets are closed will be a welcome break and time to reflect over the progress made throughout 2018. Shame the SP is where it is but 2019 will hopefully see it rise on successful news of stage 2 financing being sorted, (I can dream can't I :-) ) . Anyway I hope you all have a wonderful Christmas with your friends & families and here's to a prosperous New Year!
With all the positive news flows on multiple fronts over the last few weeks the SP should be higher than it's present level but, no matter what good news we receive, any resulting increase in the share price is very short lived. I didn't expect the SP to fall lower than 2p but hay-ho we are where we are! Hopefully next year will bring a sustained increase in the SP that we all long for. I'm looking for the SP to reach 1.36p for me to break even :-(
As someone who has worked in the Rail Industry since 1972 I would welcome re-nationalisation of the Railway. Even Thatcher stated it was 'a privatisation too far'.
Old interview from September 2012 ..............
https://www.youtube.com/watch?v=o3iiuo1NxvY&t=12s
Three & a half years here for me to, riding all the ups & downs along the way :-)