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Strategic Minerals Fundamentals
| Company Name | Strategic Minerals | Last Updated | 03 Aug 2020 |
|---|---|---|---|
| Industry | Basic Materials | Sector | Iron & Steel |
| Shares in Issue (m) | 1,734.30 | Market Cap (£m) | 6.94 |
| PE Ratio | -4.65 | Div per Share () | 0.00 |
| Div Yield | 0.00 | Div Cover | 0.00 |
| EPS | -0.09 | EPS Growth (%) | -181.82 |
| PEG | 0.03 | DPS Growth (%) | n/a |
| Debt Ratio | 7.67 | Debt Equity Ratio | 0.22 |
| Net Gearing | 23.80 | Gross Gearing | 27.57 |
| Asset Equity Ratio | 1.38 | Cash Equity Ratio | 5.21 |
| Quick Ratio | 0.54 | Current Ratio | 0.54 |
| Price To Book Value | 0.70 | ROCE | -7.87 |
Strategic Minerals Dividends
| Type | Ex-Date | Pay Date | Currency | Net Dividend | Year Total |
|---|
Strategic Minerals Company Financials
| Assets (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Tangible Assets | 7 | 5 | 0 |
| Intangible Assets | 5 | 2 | 1 |
| Investments | 0 | 2 | 2 |
| Total Fixed Assets | 12 | 9 | 3 |
| Stocks | 0 | 0 | 0 |
| Debtors | 1 | 0 | 1 |
| Cash & Equivalents | 1 | 2 | 4 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 14 | 11 | 8 |
| Liabilities (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Creditors within 1 year | 3 | 1 | 1 |
| Creditors after 1 year | 1 | 1 | 0 |
| Other Liabilities | 0 | 0 | 0 |
| Total Liabilities | 4 | 2 | 1 |
| Net assets | 10 | 9 | 7 |
| Equity (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Called up share capital | 2 | 2 | 2 |
| Share Premium | 47 | 47 | 46 |
| Profit / Loss | -1 | 2 | 2 |
| Other Equity | -2 | -3 | -3 |
| Preference & Minorities | 0 | 0 | 0 |
| Total Capital Employed | 10 | 9 | 7 |
| Ratios | 2019 | 2018 | 2017 |
|---|---|---|---|
| Debt Ratio | 7.67 | 7.87 | 0.00 |
| Debt-to-Equity | 0.22 | 0.38 | 0.00 |
| Net Gearing | 23.80 | 2.45 | -32.62 |
| Gross Gearing | 27.57 | 18.53 | 13.68 |
| Assets / Equity | 1.38 | 1.23 | 1.16 |
| Cash / Equity | 5.21 | 19.74 | 53.64 |
| EPS | -0.09 | 0.11 | 0.15 |
| Cash Flow (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Cash from operating activities | -0 | 1 | 3 |
| Cashflow before financing | -3 | -2 | 1 |
| Increase in Cash | -1 | -2 | 3 |
| Income (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Turnover | 3 | 3 | 6 |
| Cost of sales | 1 | 1 | 1 |
| Gross Profit | 3 | 3 | 5 |
| Operating Profit | -1 | 2 | 2 |
| Pre-Tax profit | -1 | 2 | 2 |
| 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 | 24 Jun 2020 |
Strategic Minerals Directors
| Appointed | Director | Position |
|---|---|---|
| 2016-07-12 | Peter Verdun Wale | Executive Director |
| 2015-01-21 | John Peters | Managing Director |
| 2015-07-02 | Alan John Broome | Non-Executive Chairman |
| 0000-00-00 | 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 |
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