Member Info for TarryBreeks

Come on SML it's about time we had a blue day!!! I am, of course, referring to an increase in sp and not disappointment ;) World class tin tungsten resource at Redmoor Cash accretive magnetite sales at Cobre Nickel, Cobalt & rare earth at HC / CARE Copper at our new Leigh Creek mine Heavily invested BOD 5 year target of 10p and £100M m/c Stuff those ISAs & SIPPs to the brim with SML :D

Also potential gold mine (metaphorical and literal) :)

They can't sell them until they've been issued ... in theory and there is also no way to tell if they actually plan on selling any of them just now - they might hold on to them all until we reach the first options vesting point of 5.5p.

To ease your concern further the RMA shares haven't been issued yet P.O. and even if they had they can't sell them for the first 3 months.

SP Angel have said 3-3.5p for LCCM and I expect that is when it is producing LD, we're not producing yet so their valuation is based on a point where LCCM is in production - a mere 12 months away - not the current state of play where the ink is barely dry on the contracts. You've said you fail to understand; however I think you understand perfectly.

It's about time we had a blue day, we are now grossly undervalued IMO, we should be at 2p on Cobre alone and even at that 2p attributes zero value to Redmoor, CARE/HC and LCCM. SP Angel said LCCM is worth 3p to 3.5p on its own! Anyone buying now is getting an absolute bargain!! Fill your boots! ;)

Lol oh yea, sorry for bringing it back up again PhaseOne I couldn't remember which board I'd posted it on. I promise not to mention it again!

Cigars all round tomorrow! Blue day please mr market!

Just on the subject of definitions and in particular fud. Now I didn't mean to deliberately lower the tone, after all it's not my definition .... however FUD Glasgow is a bit rude ... cracks me up each time it's used https://www.urbandictionary.com/define.php?term=Fud

Well, your 8:30 post was all about FUD Lupi and while a balanced board is important you must recognise that you are contributing to the very FUD your post highlights. Anyway I'm with you barahi: blue finish!

Pity it wasn't over your keyboard Lupidog; save us all from the negativity :)

Agreed Davidious & welshy, seeing as we're all coming out with WB quotes this morning here is my favourite: "The stock market is a device for transferring money from the impatient to the patient." :)

The BOD would not have set the first tranche of options at 5.5p if they didn't believe that it was possible to reach this point at the very least. The fall in m/c has been extreme and IMO does not reflect the positive news that has been released since the regulatory delay in the LC deal. It's crazy especially as the fundamentals have improved not worsened.

I believe heap leaching is the most cost effective method of extraction with agglomeration helping to improve yields under certain conditions with certain types of ore, specifically those with clay or fine particles. Vat leaching is a more traditional method of copper extraction and as JP has said is more expensive. It will be interesting to see what strategy is taken to copper extraction from the ore but given the disparity between purchase price and commodity price we have lots of flexibility. Blue day tomorrow please!!! :)

John, you said: "Sadly forced to agree. LC has proved to be a bust so far. What we should or could be valued at is irrelevant. We are valued at mkt price today. Don't hold your breath for any Isa spike. I just don't believe it. Nothing will move here until the LC rabbit comes out of the hat and actually produces. Until then we're just a tailings processor. A good one but that's about it. Everything thing else is long term. Not even medium term." No hard feelings John but I can't see how my response misrepresented your position: the overall weight of your post above is very pessimistic and IMO misrepresents SML. I strongly disagree that "everything else is long term". LC will, we're told, be producing inside a year and I believe it. Add to this we could see corporate actvity at Hanns Camp. We could have a 10 year extension at Cobre and a great deal more. The sp is down but let's keep perspective, SML is a well run miner with diversified assets in various stages of production and importantly cash accretive with a personally invested BOD. I am extremely confident the market has misunderstood our proposition and I'll be accumulating until the market realises its mistake :)

How can anyone claim LC is a bust??? Dear oh dear, ink is hardly dry on the LC contracts and according to some we're doomed. COBRE was just waste copper tailings to freeport until we turned it into a pile of cash. Resilience Mining spent $1M getting Leigh Creek ready for production. They did NOT obtain LC for "free", they would have had to pay commission on production instead they sold it to us. We have a 100% uptake of production at LC. If you want instant gratification go down to the casino or bookies. I am very confident of a significant ROI here.

Have a great Easter weekend everyone, looking forward to a nice blue week when the market reopens! :)

SP Angel notes market value of up to 3.9p PRIOR to acquisition of Leigh Creek so I don't think it's denial and refute Lupi. I think we're either being held down or the market is unable or unwilling to see through the minor dilution for acquisition of LCCM to the potential profits. Worst case, and extremely unlikely IMO, scenario: we mothball LCCM and it's cost us US$2.4m. I still don't think that warrants the ~30% drop in shareprice since the regulatory approval delay for purchase of LCCM as only US$1.2 is from cashflow or ~4% of our current m/c and remainder represents ~3% dilution. Has the fall in m/c been overdone? IMO absolutely to the point that it looks like blatant manipulation.

"Why would Resilience Mining want to hang on to the 45 million shares" 45M shares is currently worth �810,000. Even if we only get to the first vesting option for the BOD @ 5.5p those 45M shares will be worth �2,475,000: "Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, announces that its Board has proposed the implementation of an options programme designed to incentivise the Board and Management of the Company to target, over the next five years, a market capitalisation of �100m and progressing onto a share price of �0.10" http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SML/13341517.html I'd say that's reason enough, after all we're all invested here with our own money in the expectation of an increase in share value. No-one is going to sell their shares at their break even figure are they???? As for LCCM being given away for 'nothing' that's not the case it was sold with a commission paid on a percentage of future production. Feel free to scream if you like, this is a internet message board, and the beauty of that is no-one can hear you :)

Yes Lupidog, not ideal by any stretch however if the BOD can get the mine up and running inside 12 months without any external funding required the difference, while not inconsequential is dwarfed by the nose-dive in sp since we were first told of a regulatory delay at LC. Personally I think the dilution is so inconsequential in the grand scheme of things that it's hardly worth our time discussing it and the market response, if related to the dilution, has been extreme.