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Strategic Minerals' John Peters expects market to pick up on underlying value of its assets

Strategic Minerals PLC's (LON:SML) John Peters speaks to Proactive after announcing they turned in a pre-tax profit of US$261,000 for the six months to June 2020. The profits were due to a strong performance from the Cobre magnetite operation in the USA. The group's unrestricted cash and cash equivalents at June 30, 2020, were US$533,000.

Quick facts: Strategic Minerals PLC

Price: 0.4 GBX

AIM:SML
Market: AIM
Market Cap: £6.94 m
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Strategic Minerals' £700k raise 'clears way for true potential value ahead'

Strategic Minerals PLC's (LON:SML), Peter Wale talks to Proactive London about their £700,000 of which £48,900 was in 'salary sacrifices'. He says they had 'plenty of demand' which supports his view that 'the market price is still very much wrong'. Wale says that this could be their last...

1 hour, 13 minutes ago

2 min read