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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

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Share Price: 0.15
Bid: 0.10
Ask: 0.20
Change: 0.00 (0.00%)
Spread: 0.10 (100.00%)
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Strategic Minerals hits 12-month low after discount fundraising

Thu, 10th Apr 2014 13:59

Shares in Strategic Minerals took a dive late on Thursday morning after the company issued a swathe of new shares at a massive discount. The AIM-listed magnetite iron ore producer and explorer raised approximately £1m before expenses from new investors at the price of 0.8p, with the shares having closed the previous day at 1.13p.Strategic Minerals also issued a 45m other shares owed to Glencore.The new funds raised will be used primarily for working capital purposes.Executive Chairman James Fyfe said: "Our group overhead reductions mean that we expect our ongoing corporate costs to be fully covered by our operating business in New Mexico, which favourably positions the company as it seeks to add new operating assets to its portfolio."Management have also undertaken a review into operations, resulting in the streamlining of its corporate overheads and significant savings, estimated to be approximately £650,000 on an annualised basis as compared to fiscal 2013. It said these cost savings were expected to come into effect from the second quarter of the year. Shares in the company were down 25.7% to 0.84 on the news, a new 12-month low.OH
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25 May 2018 13:13

Strategic Minerals To Undertake Further Drilling At Cornwall Project

LONDON (Alliance News) - Strategic Minerals PLC said Friday it is to undertake further drilling at its Redmoor project in Cornwall, UK, at a cost of GBP332,000.The tin, tungsten, copper had

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23 May 2018 12:01

Strategic Minerals Sales Multiply To Send Profit Soaring In 2017

LONDON (Alliance News) - Strategic Minerals PLC said that its profits multiplied last year due to a threefold increase in domestic sales at its New Mexico magnetite stockpile.The mining for

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26 Apr 2018 15:16

Strategic Minerals Makes Progress In South Australia And New Mexico

LONDON (Alliance News) - Strategic Minerals PLC said on Thursday it has adopted a strategy to restart operations at the Leigh Creek copper mine in South Australia, expecting to start full in a for

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4 Apr 2018 07:50

Australia shares gain for first day in 4; NZ also up

* Aussie and NZ shares of a2 Milk among top gainers on both benchmarks * CBA, NAB and Westpac reverse trend to end higher (Updates to close) By Susan Mathew April 4 (Reuters)

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28 Mar 2018 15:01

Strategic Minerals' Australian Arm To Explore Mount Weld Tenements

LONDON (Alliance News) - Strategic Minerals PLC said on Wednesday that its subsidiary Central Australian Rare Earths will undertake an initial exploration drilling programme a

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27 Mar 2018 06:51

Australia shares bounce on easing trade war worries; NZ rises too

* Aussie shares erase previous day's losses * Materials, industrials lead gains on ASX * Consumer staples, utilities boost NZ shares (Updates to close) March 27 (Reuters)

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21 Mar 2018 05:48

Australia shares end higher as banks rebound; NZ at record

* Investors return to bank stocks as inquiry worries fade * Commodity stocks higher on firm metal, oil prices * NZ closes at record ahead of RBNZ policy meeting (Updates to Devika 21

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21 Mar 2018 01:30

Australia shares cautious ahead of Fed; NZ hits record on Synlait earnings

* Aussie shares trade flat, Fed in focus * Synlait pushes New Zealand to record high By Christina Martin March 21 (Reuters) - Australian shares were as in

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6 Feb 2017 16:21

Strategic Minerals ups stake in Cornwall Resources Ltd

(ShareCast News) - Diversified mineral production and development company Strategic Minerals has exercised its remaining option to purchase further shares in Cornwall Resources Ltd. "The funding of the option payment now sets the framework in place for progressing the 2017 Redmoor tin/tungsten drill

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6 Feb 2017 09:17

Strategic Minerals Ups Stake In Redmoor Venture To 50%

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12 Jan 2017 09:31

Strategic Minerals Venture Appoints Exploration Manager

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21 Nov 2016 17:13

DIRECTOR DEALINGS SUMMARY: Strategic Minerals MD Bolsters Stake

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21 Nov 2016 12:54

DIRECTOR DEALINGS: Strategic Minerals MD Buys 1.3 Million Shares

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15 Nov 2016 14:43

Strategic Minerals' Redmoor Venture Changes Name, Tenders Issued

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14 Nov 2016 14:11

Strategic Minerals agrees to provide funding to Central Australia Rare Earths

(ShareCast News) - Multi-minerals production, exploration and development company Strategic Minerals announced on Monday that it has agreed, in conjunction with its joint venture partner Rarus, to provide funding to Central Australia Rare Earths. The AIM-traded firm said the AUD 0.15m funding is for

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