OBe1trader

Long time Stock and Crypto Trader . All tweets and retweets are my opinions and should not be regarded as investment advice. Always do your own research.

[OBe1trader @OB1trade]

@baroninvestment Usual AIM stuff. Impatient sell and jump onto another rising AIM stock then jump back in to SML for next leg up lol

[OBe1trader @OB1trade]

🚨 $SML Strategic Minerals update-
Redmoor resource +49% to 17.4Mt @ 0.65% WO₃.Eq . Europe’s highest-grade undeveloped tungsten project.
Ultra-high grades up to 19% WO₃. NPV $1.54BN & 40% IRR.
Cobre cash flowing, £8.7m raised, Leigh Creek sale progressing. Looking good 🙏🏻

[ChartForgePRO @ChartForgePRO]

BTC holding strong at $80,500 — just defended the key SMC Order Block with zero lag 👀
My no-repaint PRO Pine Script caught the bounce in real time. Liquidity sweep complete. Fair Value Gap filled. Bullish structure intact.
Next target: $83.5K–$85K if it holds.
What’s your bias right now — Long or waiting? Drop it below 👇
Full PRO scripts → https://t.co/iWMbjsRA4o
#Bitcoin #SMC #TradingView

[Baron Investments @baroninvestment]

Roll on deal close, roll on market updates

[OBe1trader @OB1trade]

#SML stepping up.

Redmoor drill programme expanded from 16,000m to 22,500m+ across 44+ holes, with up to 3 rigs planned.

Solid progress toward PFS/resource conversion while tungsten stays near record highs.

[Baron Investments @baroninvestment]

+29% swing since adding on Friday. £1.8m traded so far today. Don’t average up much but sometimes has to be done on vast disconnects.

SML not in isolation though as started averaging up in another holding that’s been battered last week or so. Unfairly so based on solid delivery, raised price targets and a cheap small cap valuation. Probably should post that also today or tomorrow.

[ChartForgePRO @ChartForgePRO]

BTC update BH PRO called it again 📊
Last post we warned RSI was at 70.7 and said "not chasing up here."
BTC peaked at 82,500. Now at 80,189.
BH PRO has flipped to Bear Trend. HTF now Bearish. RSI at 49.4 right at the midline.
No active setup. Elevated false break risk.
The indicator told you not to chase. Now it's telling you to wait.
#Bitcoin #TradingView #TechnicalAnalysis

[Baron Investments @baroninvestment]

Looking a lot better, reversing from -4% red to +4% blue (or green or whatever your fancy!)

Plenty of eyes monitoring so will take off with worked sellers being accommodated.

Have a good weekend

[Baron Investments @baroninvestment]

Shares should shift back up today, daft sell off given the numbers this throws off now

What comes next - growth to 30,000boepd+ or net cash? Think the former personally given ambition of team. Looking forward to catching up with them again soon.

[OBe1trader @OB1trade]

@baroninvestment Never a dull moment during the Trump era!

[OBe1trader @OB1trade]

SML strengthens the Redmoor story.

Historic tin assays were materially understated, reanalysis improving 78% of samples and revealing new high-grade tin zones.

Tungsten remains the main , but Redmoor increasingly looks like a true polymetallic critical minerals project. #SML

[Baron Investments @baroninvestment]

STRATEGIC MINERALS (SML) would be a natural contender given the perfect sector/location match, existing momentum and policy alignment.

The shares are heavily discounting the material upside ahead, should be closely monitored.

[OBe1trader @OB1trade]

SML 5.5p

Model: $850 tungsten
Reality: ~$3,000 +
You don’t need perfection for this to work.

Even a fraction of current pricing = cashflows far beyond today’s valuation

#SML #StrategicMinerals

[Baron Investments @baroninvestment]

No connection to previous post.

Closing prices on KISTOS between 240p and 280p since February. One of the WORST performing holdings despite it being O&G. Longer term it will be one of the BEST.

Market cap at £211M with free cashflow consensus at £129M (and oil estimates are not up here!). A steep 61% free cash flow yield on that basis.

Maybe we wake up soon.

[Baron Investments @baroninvestment]

Bit of a long piece but hopefully helpful to holders and those who don't.

For STRATEGIC MINERALS, the monster headline from the recent Zeus analysis is that the company can generate today's £183MILLION market cap in cashflow post tax in 8-9 months of production. Cumulative post tax cashflow comes in at a massive >$3.2BILLION with the staggering piece being that it's based on a Tungsten price of $850/mtu and NOT the current >$3,000/mtu levels. It is an extreme valuation anomaly resulting in the shares being totally mispriced right now. It is therefore of no surprise that Zeus recently moved to 14.9p from 4.8p but that's still only 30% of nav and at $850 Tungsten. To quote them "returns will be astronomical if the spot price can be maintained". All of this doesn't factor in too the very realistic scope for further growth upside and from satellite developments within the licenced area. "Together the consistent intersection of the SVS, confirmation of mineralised continuity into new areas and the identification of additional high‑grade tin all point towards the potential for further resource growth".

Finer details matter so couple of things regarding the numbers. The cashflow post tax model doesn't include a list of things so time to cover that off immediately (but again remember we're working off very big numbers and $850/mtu, NOT spot!). What's missing that needs capturing? That list comprises working capital movements, mine closure/rehabilitation provisions, UK environmental bonds and of course capex contingencies. But even after such deductions the numbers are still huge with free cash likely well north of the current market cap. If strong prices or even today's pricing persists into production then you're looking at a scenario where yearly free cash flows will be many multiples of today's market cap.

For those that have done the work already, this will all resonate (in part or full) but for others that's clearly pretty striking data. Quite simply, the numbers are very big vs the current price tag.

Analysts at Zeus just said in their upgrade to 14.9p: "Despite its high-grade of tungsten and its recent improvement in valuation Strategic Minerals remains the lowest valued of all of the companies we identify in our series - especially when set against several of it’s competitor companies which are further back on the development curve as we see it"

"It is hitting all the points we expect in a high priority project – it is high-grade; it is open along strike and at depth; it lies in an area known for historical mining and which needs further inward investment; it has tacit local and government support, and; it is progressing in a very robust tungsten price environment – and an environment in which we see demand only set to increase against a poor supply outlook"

So now time now to look a bit closer at some of the detail in the recent 29 page Zeus upgrade.

Firstly to the numbers and cashflow. WO3 is 85% of revenue so overwhelmingly a Tungsten story. Again, they use $850/mtu for their full production run vs todays record highs >$3,000. Very sensible but illustrates the magnitude of upside too. Tin and Copper assumptions are at $35,000/t and $10,000/t which again is also below spot. Other assumptions include broadly 1MT/yr throughput and a 16-year Life of mine (compared to SMLs 0.6MT/yr and 29-years). Mine site costs yearly at $105m vs $510m net revenues equate to very high margins. That amounts to $0.21 of cost per $1 of revenue and again at just $850/mtu. That's exceptional albeit I would elevate sustaining capex higher. Ebitda with 76% margins would be world class. Pre production capex of $140m vs SMLs $110m which is clearly very light and a major positive for a project of this scale.

So what next? Well the shares remain cheap and should re-rate much higher to reflect the economics of this play. It's not just that though, it's recognition that Tungsten is one of the worlds most strategically critical metals with China controlling over 80% of global supply. Entire Western defence and manufacturing industry depends on it. Through STRATEGIC MINERALS, the UK hosts one of the highest grades globally of this metal.

A big topic and one that needs to considered too is could STRATEGIC attract an ITM Power-style investment from the UK? Most definitely but probably through different mechanisms. Some thoughts as follows and split to bullets for ease:
- National Wealth Funds investments into Cornish critical minerals have already been confirmed with Cornish Lithium twice and Cornish Metals once - totalling £84m. The NWFs stated purpose is to de-risk projects and crowd in private capital. They say "We will work with UK PuFins to identify ways in which critical minerals projects with high potential and strategic value can be supported more effectively by government in a more coherent way"
- SML has already received UK Shared Prosperity funding so the government relationship very much exists. Further grants and council grants are probable given the material value created to date. Worth noting that the company recently hosted the MP and Minister for Small Business and Economic Transformation too.
- Tungsten’s defence criticality is more acute than tin or lithium so there's a stronger strategic case imo.
- The £50m DBT critical minerals fund details to be announced in 2026 and timing aligns with SMLs PFS completion. Chatham House has been precise about what this fund actually is and that's "explicitly framed as catalytic capital". Ultimately, it could be a supplementary grant mechanism that sits alongside any NWF equity investment and UKEF financing.
- The numbers so far clearly make a very compelling lending case! Any debt is repaid rapidly and it's a polymetallic deposit too. Ultimately, revenue diversification which reduces lender risk.

Anyway, I could go on and one but its time to stop, it's Sunday after all. I have banged the drum for a while on this but recent news flow really does highlight how undervalued this is. Yes, the shares are moving up fast and volume is regularly in the highest range but the disconnect is vast compared to the asset, what it can achieve compared to todays valuation.

Exciting times and I trust some of this is useful.

[Baron Investments @baroninvestment]

"Bit of a long piece but hopefully helpful to holders and those who don't own the shares!"

[ChartForgePRO @ChartForgePRO]

S&P 500 4H - SMC PRO told the full story 📊
✅ SELL signals caught the crash from 6,850 to 6,350 ✅ CHoCH ▲ confirmed the bullish structural flip ✅ Bull OB acted as the perfect launch point ✅ Recovery of +800 points followed
Structure Bullish. HTF Bullish. Strength Strong.
Smart money leaves footprints. Learn to read them.
https://t.co/iWMbjsRA4o 🔥
#SP500 #US30

[Baron Investments @baroninvestment]

Andrew Austin and much of the KISTOS founding team previously ran RockRose which delivered a 4,200% return between 2016 and 2020.

I’m expecting very material appreciation from these levels as KISTOS really grows out.

Management and board members hold over 20%, strong skin in the game.

Oil to almost $115 today, not far off the March highs now

[ChartForgePRO @ChartForgePRO]

#OMI quietly evolving from single-asset story into district-scale exploration play. El Cedro soils now define a 2km x 3km anomalous footprint, aeromag completed, APTA drilling underway, and Pepas rig moved to a new southern target. Potentially 3 rigs on 3 prospects. Market still largely pricing Pepas only.

[Michael Saylor @saylor]

The ₿eat Goes On.