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SMR - Stanmore Resources

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bazollie

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A New Pure Coal Play Stock that has hit the ground running!
A sensational first day of trading closing at Double it's Issue Price.

This Company has some very handy Coal Tenements. Stanmore Coal has over 1000km² on it's books. Most of these Coal Tenements are in the Bowen Basin, with some right next door to operating Mines. There is Major Infrastructure Close by e.g. Rail Lines passing through their MacKenzie River site , so this gives them easy access to the new Wiggins Island Coal Terminal in Gladstone ( yet to be constructed)

Some of these Tenements could host a relatively simple mining operation e.g. Truck and Shovel , with no need to operate expensive Draglines or Underground Longwall Operations.

The Board and Management have some very notable and experienced Professionals on board.

Once they have some JORC compliant resources stated in the short term , that should give us all some idea on what lies beneath the surface in some highly prospective areas they hold.

I was fortunate enough to get a few shares on issue and have topped up yesterday.

I will be holding SMR for the medium to long term , simply to look forward to them proving up their reserves and commencing profitable opeartions!

Regards
bazollie.

Disclaimer Holding SMR and will continue to hold.
 
SMR still seems to be under the radar in terms interest on this site. SMR's closing price on the 24th was at $0.74 cents, so a great result considering it issued at $0.20 cents and on listing shares were able to be purchased at 1/2 it's closing price on the 24th!

Geological and geophysical logging has been undertaken at their Range prospect in the Surat basin, and Stanmore Coal expects to be in a
position to release coal quality results and a JORC compliant resource statement in 1Q 2010.

Add to this the drilling that SMR plan to undertake at their Mackenzie River Tenement and it should be a very interesting stock to watch over the next 6 months.

I travel extensively through the Bowen Basin district, and the number of drilling rigs on properties is amazing. Between the CSG and the Coal Exploration that is happening, this can surely mean that the Coal Sector is still hot.

The Wiggins Island Coal Terminal in Gladstone once completed will be the port where any new discoveries in the Bowen Basin and Surat Basin will be transported through.

Still holding SMR and will wait for some positive news to flow in the next 6 months!

Regards
Bazollie
Happy New Year to all!
 
I picked up some of this after I saw you post about it and did a bit of reading about it.

It definitely flew under the radar as I've a few friends who either invest heavily or work in the industry who hadn't heard of it and didn't even know it was listing.

I picked up some more last week as well, even though its had a big run, i'll be watching it with interest, I quite like the coal sector.
 
SMR's latest announcement regarding Exploration was IMHO upbeat. Their Mackenzie River Lease sits smack bang in the middle between the Ensham Mine and the Wesfarmers Curragh Mine.

Ensham Mine exports about 7-8M tpa of coal with Curragh up to 9M tpa.
There is a railway line which passes through the Mackenzie River Lease which heads East to Gladstone where the coal is exported from the Reg Tanna Coal Terminal and the site of the new Wiggins Island Coal Terminal.

It would be unlikely for this lease not to contain similar amounts of coal that Ensham and Curragh host, however, until the JORC compliant results are in we just can't assume.

SMR are drilling away and if all goes well , we should see some results in before the end of this Financial year.

Still holding SMR and can't see any reason why this stock will not continue to grow with the release of some JORC statements in the next few months.

The Coal sector still remains bullish given the latest MCC pricing negotiations.
There are numerous new Coal Projects that will commence soon such as Cavel Ridge, Peak Downs East.

All exciting times ahead for Coal I believe!

Regards
Bazollie
 
More positive news from SMR , with the The Range Project Initial JORC Inferred Resource Statement of 117Mt. Added to this the identification of an additional Exploration Target of 100‐125Mt and the coal seams open to the west and the good news keeps flowing.

SMR has also applied for two adjoining sub blocks (EPCA2030). These adjoin the EPC1112 tenement on the southern boundary and are well located with respect to the coal deposit. EPCA2030 is non competitive (i.e. Stanmore Coal is the sole applicant) and has the potential to add further to the size of the coal resource.

Once the drilling results from the Mackenzie River Lease are released, it should give us a fair idea on what the full potential of SMR is.

Given the amount of Corporate Activity in the last few weeks with the Coal Companies, SMR is in a great position ( IMHO)

Still holding SMR and wait for further drill results.

Regards
Bazollie
 
I will keep track of SMR, I'm very interested to see how they go. I hold Macarthur and soon I might be willing to take a profit on those and if i do sell the MCC shares I might use some of that to invest back into the Coal market.
 
SMR are now staking a lot on hard coking coal that should be highly profitable for this up and coming bright little coal enterprise. Bright because it's not been missed and the stock price is up with events. Still a coal favourite of mine that looks good and should continue to do so.
 
Sharejon said:
I will keep track of SMR, I'm very interested to see how they go. I hold Macarthur and soon I might be willing to take a profit on those and if i do sell the MCC shares I might use some of that to invest back into the Coal market.
Click to expand...

... and indeed you should. Stanmore have momentum that may take the stock price to quite high levels if the Centennial euphoria continues to rub off on them. Some may see this as looking more like a sideways movement rather than momentum, but recent form seems to show a gathering momentum to push well above the 12 month high.
 
Hi, noirua.

You follow the coal sector closely. How do you rank the various "emerging" coal companies that you comment on from time to time?

In particular, where does SMR figure in this list?
 
oldblue said:
Hi, noirua.

You follow the coal sector closely. How do you rank the various "emerging" coal companies that you comment on from time to time?

In particular, where does SMR figure in this list?
Click to expand...

A tricky sector, now coal is recognised as King and 2003 was the best time to buy coal stocks - the time I was often mocked. Take care as nothing is cheap.
My holding in SMR is small and I'm not in for the long-term.
Now I'm often mocked on uranium minnows, but their time will come as well - may well be today with the uranium price recovering.
 
A brilliantly handled placing at 90c a share and rights at 80c has caused the shares to travel on well past a $1 a share - xd xr on 6th October. One for the very quick research booking.
Should have bought loads more but keep on hesitating as SMR continue on up, tut tut.
 
noirua said:
A brilliantly handled placing at 90c a share and rights at 80c has caused the shares to travel on well past a $1 a share - xd xr on 6th October. One for the very quick research booking.
Should have bought loads more but keep on hesitating as SMR continue on up, tut tut.
Click to expand...
Onwards and upwards for Stanmore Coal on closing at $1.31. It seems to be steaming along, but a bit of commonsense and extra research needed now because SMR are a newby in the coal sector.
 
SMR down for 3 consecutive day during last fours years
no of instances - 23
next day up - 18
next day down - 5
Avg trade (%)- 4.11
Median Trade - 3.64
Avg Win (%)- 5.45
Avg Loss (%)-0.68
 

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One of the better performers this week.
Sentiment in the coal industry is slowly picking up...
 
2018-12-16 SMR re ASF.png


Slowly moving up from a low of $0.044 in mid June of 2015.
Don't know where it stands from an FA view point, however, according to their website there is zero debt as of 30th September 2018.
 
Not much volume behind it but Stanmore Coal has pushed up to a more than seven year high today.

Yesterday the company released a Business Update Roadshow February 2019 that I haven't read through yet but intend to do tonight.

SMR up 11.79% to $1.09 so far today.

big.chart-SMR.gif
 
SMR is working very well. Only looked into it at the end of May and since then, it is going steady with a rise of 17% in about 6 weeks. Not rocket rise but steady is better than rocket jump (for me).
I still like it for various reasons: as posted on 30 May - coke. It is a soft coke, however. See the attached links. Production in one year has gone up more than 100%.
https://www.asx.com.au/asxpdf/20190718/pdf/446pvdblzk2d8h.pdf
Some Mathew of M resources building up stake progressively on a monthly basis
https://www.asx.com.au/asxpdf/20190708/pdf/446ggdkm83yxbp.pdf
https://www.asx.com.au/asxpdf/20190607/pdf/445phfyzlq1qb5.pdf
Regal Fund increased its stake
https://www.asx.com.au/asxpdf/20190621/pdf/44612rzxgyv8sh.pdf
Investment on an open cut
https://www.asx.com.au/asxpdf/20190703/pdf/446bgwcfpvbbgs.pdf
presentation
https://www.asx.com.au/asxpdf/20190530/pdf/445gl9kdjlgl14.pdf
shareholders of SMR received more than 85% return in 12 months whereas WHC shareholders lost more than 28% in 12 months.
disclaimer - holding
 
Miner said:
However, with no blast furnace in Australia excepting Whyalla (stand to be corrected if I am wrong)
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Still one furnace running at Port Kembla so far as I'm aware and also there's some other, much smaller, uses of met coal within Australia too.
 
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