Member Info for Propinquity

Denby, A myopic analysis on only cash-burn. Now, mix in the huge facts of both the recent Calidus demerger and the manganese-mining-licence grant, and you could quickly conclude that the investment story becomes compelling.

Denby, When all the finer details between KRS and its Togolese subsidiary and the eventual manganese off-taker have been agreed and signed - before the end of this year - then production should begin in Q1 2020, with the immediate benefit of generating revenue.

DV, Thanks for confirming the figures.

PC, A forecasted $250m AUD valuation - a sum that's been bandied about on this board for some months.

The following expresses my understanding of those obligations to fully own Redmoor, by the middle of next year (excluding the royalties):

Total Cash Payment to NAE - $3m AUD

Currently Paid - $600,000, leaving a balance of $2,400,000

Two Upcoming Quarterly Payments - $600,000, leaving a final balance of $1,800,000

Now, the HMRC tax-rebate covers the next quarter's payment, as well as half of the following one - meaning that we will have to find $1,950,000 from elsewhere.

But, say, Cobre knocks out $300,000 profit every quarter between September 2019 and June 2020, allowing us to pay $900,000 towards Redmoor, then that would leave $1,050,000 to pay - perhaps coming from the arbitration with the rogue Cobre client.

Please, correct me if my calcs are wayward.

Fira, I have equitably posted for a long time; it remains therefore for you to seek said book - and while you're at it, one on your overt mercuriality.

The following may apply - https://messageboardfools.com/bashers.htm

18 March 2019

Strategic Minerals plc

("Strategic Minerals", "SML" or the "Company")

Strategic Minerals to Acquire Balance of Redmoor



Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that it has entered into arrangements with New Age Exploration Limited ("NAE") to acquire its entire 50% shareholding in Cornwall Resources Limited ("CRL"), the joint venture vehicle developing the Redmoor Tin/Tungsten project in Cornwall ("Redmoor"), for a total capped purchase price of £2.66 million (approximately A$5.00 million) (the "Acquisition"). The Acquisition is subject to approval by NAE shareholders at a general meeting and upon completion of the Acquisition, CRL will be 100% owned by SML. The purchase price has been structured to reflect expected future SML cash flows and a significant component of the purchase price will be determined by future production revenues.



Highlights

· SML acquires full control of Redmoor, subject to ratification of NAE shareholders at a general meeting.

· Purchase price for 50% of CRL set at a maximum of £2.66m (A$5.00m) payable in three stages as follows:

i. £1.06m (A$2.00m) in cash within 30 days of approval by NAE shareholders

ii. £0.54m (A$1.00m) SML promissory note payable 180 days after settlement

iii. A royalty stream of 1.5% of Net Smelter Revenue from Redmoor production capped at £1.06m (A$2.00m)

Evening blacksheep, Even Freakyzebra wants to move on - that’s as black and white as you could hope to ask for.

Blacksheep, To which entities could you possibly be referring?

Reddit, We still require a lot of cash for both Redmoor and LC - major Cobre client had better pay its dues through arbitration.

Ah, right, just caught sight of your corrective post - still, the majority here would be ecstatic with a yearly gross profit of $7.5m.

Pablo, I sympathise with you, Chirps, Billy, and whomever else has had the misfortune to experience that same post-KRS-CAI demerger fiasco; I sincerely hope that it will be resolved soon.

Sammybow, So, with a gross monthly profit of around $2.5m per 100 tonnes per month, when we hit our eventual production target of 300 tonnes a month, we'll be raking in around a gross profit of $7.5m - a month. Or, am I way off target?

Sensible and calm posts today.

Well, we emanate a collective confidence that by the end of Q1 2020, we will be looking back with longing for these ludicrously low-altitude KRS and CAI share-prices: they will both be flying upwards, and hovering at, higher strata that might induce price acrophobia.

A reassuring excerpt from Adchem's website:

'A major advantage Adchem has over a variety of global competition is the ability of our processing plant to consume many different types of raw materials – these can be categorized as Primary Copper Sources (eg; ore body derived such as copper cements or precipitates) or Secondary (eg; scrap metal, industrial residues and by-products).

Adchem’s relationships with raw material suppliers are a key part of the Company’s long term success and to this end constantly engages with current and potential suppliers on the development of raw material sources.'

Folks, It would be egregious for bargain-bottom share to fall and to bob along at 15p for a significant length of time: over the next year, with its various milestones to be successfully reached, it should start to consistently and stably rise, potentially reaching a £1 - and beyond - for a multi-bagging payday; some of us have been invested here for years waiting for some form of financial justice.

So, could it relate to my post, of a few weeks ago, when I found in the following article a reference to the setting-up of a spin-out company:

An excerpt from https://www.itv.com/news/2019-10-21/irish-scientists-announce-breakthrough-on-genetic-skin-disease/:

“We would not need to even take the patient cells for skin grafting. The gel would be applied, absorbed and go to work.

“We have seen some promising results in the lab. With further research, we could expand this to other EB types and even other genetic conditions.

“We are in the process of forming our own spin-out company to continue to develop this technology and take it to the next step, a clinical trial.”

Markyess, As I've previously said: I am happy to consider selling you my KRS shares for a minimum 2p offer by you and your specialist-mining-takeover syndicate.