The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Now is the time to buy not to sell!!https://www.lse.co.uk/ShareChat.html?ShareTicker=SML&share=Strategic-Minerals&thread=2E635519-3D10-4E6D-B8E6-30DE31B88A2E&reply=true#posting-rules
So..... I guess we are all stuck in the limbo until the war is over. What options does EVRAZ have, Polymetal managed to get around sanctions ( I knw EVRAZ is in a different position) Is our capital locked or are there options.
Looks like the plug will be pulled any minute. I tried to sell some today and was unable to quote, meaning nobody wants SML shares. Basically they are worth nothing.
There were some discussions about taking control away from the BOD, what happened to that?
When are we going to receive some dividends?
Been waiting long enough!
Is that MM's just dumping everything they have?
Ask yourself what did we pay for those assets and what have we done to increase their value we paid for them.
Unril you start generating is all pie in the sky scenario. At least if we had the constents for copper we could say we have added value.
I don't think they are worth much more now than what we paid for them a few years ag, perhaps marginally.
We are a mining company if we are not mining then we are not doing what we are supposed to do.
I can't see anything happening with this company, there is no prospect of production in any of their assets apart from Cobre which basically covers the the salaries and expenses of the directors. Partly this is because of the limited capacity that our boardroom has to take this company forwards. Not sure if they have a genuine interest or not in seeing the company move forwards but I don't think they have the capacity. To be honest I think they are complacent slowly sucking the life out of the company.
I have now accepted that all the money invested in this company is practically gone but I would take some satisfaction from bringing this show to an end. I remember a few years back someone started a motion against a board of directors to overthrow them. funnily enough Peter Wale was involved in the process.
https://www.thisismoney.co.uk/money/markets/article-4645318/MARKET-REPORT-Boardroom-cull-gas-firm-sees-shares-soar.html
Does anyone have any experience knowledge about this process?