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Strategic Minerals Fundamentals

Company Name Strategic Minerals Last Updated 05 Dec 2019
Industry Basic Materials Sector Iron & Steel
Shares in Issue (m) 1,467.63 Market Cap (£m) 8.07
PE Ratio 5.09 Div per Share () 0.00
Div Yield 0.00 Div Cover 0.00
EPS 0.11 EPS Growth (%) -26.67
PEG -0.19 DPS Growth (%) n/a
Debt Ratio 7.87 Debt Equity Ratio 0.38
Net Gearing 2.45 Gross Gearing 18.53
Asset Equity Ratio 1.23 Cash Equity Ratio 19.74
Quick Ratio 1.64 Current Ratio 1.65
Price To Book Value 0.87 ROCE 19.07

Strategic Minerals Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total

Strategic Minerals Company Financials

Assets (£m) 2018 2017 2016
Tangible Assets 5 0 0
Intangible Assets 2 1 0
Investments 2 2 1
Total Fixed Assets 9 3 1
Stocks 0 0 0
Debtors 0 1 1
Cash & Equivalents 2 4 1
Other Assets 0 0 0
Total Assets 11 8 3
Liabilities (£m) 2018 2017 2016
Creditors within 1 year 1 1 0
Creditors after 1 year 1 0 0
Other Liabilities 0 0 0
Total Liabilities 2 1 0
Net assets 9 7 3
Equity (£m) 2018 2017 2016
Called up share capital 2 2 2
Share Premium 47 46 44
Profit / Loss 2 2 0
Other Equity -3 -3 -3
Preference & Minorities 0 0 0
Total Capital Employed 9 7 3
Ratios 2018 2017 2016
Debt Ratio 7.87 0.00 0.00
Debt-to-Equity 0.38 0.00 0.00
Net Gearing 2.45 -32.62 -33.86
Gross Gearing 18.53 13.68 4.99
Assets / Equity 1.23 1.16 1.05
Cash / Equity 19.74 53.64 40.90
EPS 0.11 0.15 0.03
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 1 3 -1
Cashflow before financing -2 1 -1
Increase in Cash -2 3 0
Income (£m) 2018 2017 2016
Turnover 3 6 2
Cost of sales 1 1 0
Gross Profit 3 5 1
Operating Profit 2 2 0
Pre-Tax profit 2 2 0
Profit / Loss for the year 2 2 2

Strategic Minerals Company Background

Sector Iron & Steel
Activities Strategic Minerals plc is an AIM-quoted, operating minerals company actively developing projects prospective for battery materials. It has an operation in the United States of America and development projects in the UK and Australia. The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals being sought in the burgeoning electric vehicle/battery market. In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in development projects orientated to supplying the burgeoning electric vehicle/battery market. In January 2016, the portfolio was expanded with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earth elements. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In September 2018, the Company entered contracts for the sale of certain CARE tenements that have been identified as gold targets. In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds from the Company's investment were utilised to complete a drilling programme that year. The drilling programme resulted in a significant upgrade of the resource. The 12-hole 2018 drilling programme has now been completed and the resource update that resulted was announced in February 2019. In March 2019, the Company entered into arrangements to acquire the balance of the Redmoor Tin/Tungsten project in Cornwall, UK. In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and is currently working to bring this into operation in 2019.
Latest Interim Date 30 Sep 2019
Latest Fiscal Year End Date 14 May 2019

Strategic Minerals Directors

Appointed Director Position
12 Jul 2016 Peter Verdun Wale Executive Director
21 Jan 2015 John Peters Managing Director
02 Jul 2015 Alan John Broome Non-Executive Chairman
30 Nov -0001 Jeffrey Mark Harrison Non-Executive Director

Strategic Minerals Contact Details

Company Name Strategic Minerals
Company Address Riverwide House, 6 Masons Yard, St James, London SW1Y 6BU.
Company Telephone +44 (0)20 7930 6009
Company Website http://www.strategicminerals.net/

Strategic Minerals Advisors

Auditor Name BDO Stoy Hayward
Auditor Address 55 Baker Street, London W1U 7EU.
Auditor Website http://www.bdo.uk.com/
Auditor Telephone +44 (0) 207486 5888
Registrar Name Share Registrars Limited
Registrar Address The Courtyard, 17 West Street, Farnham, Surrey GU9 7DR.
Registrar Website http://www.shareregistrars.uk.com/
Registrar Telephone +44 (0) 1252 821 390
Broker Name Allenby Capital
Broker Address Claridge House, 32 Davies Street, Mayfair, London W1K 4ND.
Broker Website http://www.allenbycapital.com/
Broker Telephone +44 (0)20 3328 5656
Adviser Name Allenby Capital
Adviser Address Claridge House, 32 Davies Street, Mayfair, London W1K 4ND.
Adviser Website http://www.allenbycapital.com/
Adviser Telephone +44 (0)20 3328 5656
Solicitor Name Memery Crystal LLP
Solicitor Address 44 Southampton Buildings, London WC2A 1AP.
Solicitor Website http://www.memerycrystal.com/
Solicitor Telephone +44 (0) 20 7242 5905
Stockbroker Name n/a
Stockbroker Address n/a
Stockbroker Website n/a
Stockbroker Telephone n/a