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Politics is fair game when it affects Sres
And if you do want to debate USA presidential candidates PM me, we’ll talk about dementia, but keep politics out of this bb
Splatted, stop drinking, you’re ****ed
The hard work is done.Coal will continue for many parts of Africa, Asia and Eastern Europe for many more years, but where else anywhere near Nevada ... Biden will be the next president (once the snake oil salesman runs out of options). Infrastructure is crumbling in America thanks to trump thinking his friends needed a trillion more than rebuildinG America.The ducks are lining up....tick and tock.
I agree.
I am just trying to manage my own expectations.
Bloody ell twiggy. We don’t want to give it away.
An estimated MC of £40m is pathetic for a JV and grossly undervalues the CS Project. PC should be looking for an MC of £100m+ to negotiate a JV with Boral incorporating a significant front end pozzolan mining rights payment and a healthy pozzolan tonnage royalty over the life of the CS Project. This is apart from the mining of the CS Project's perlite, which may require a separate negotiation.
I want 1p out of this, that would be a market cap of £40m. I personally think thats easily realistic considering the amount of minerals in the site.
Anything above that would be amazing obviously but I reckon it would be criminally negligent not to be able to turn the CS project into that kind of mcap for the company.
Just a cr@ppy week generally for the markets and we're perhaps not trendy enough for casual and furlough investors is part of the problem we haven't see more new investors plus as Sam said some are probably trying short term gains on FTSE shares before jumping back in thinking they may have time.
Personally, I'm assuming that PC is busy dotting the i's and crossing the t's leading up to 2021 on a JV or buyout too as it is very very clear pozzolan is going to be a very hot commodity and we already have a very strong demand for perlite in the states too for various reasons many of us have posted research about. As always, its the interminable waiting game we all hate now!
Safe, you saw something happen a week ago that you hadn't seen before on a stock you're also holding now despite your many many many (many) years of trading - the rules are there are no rules I think in the current craziness - but I'll always believe in research and patience being the best way to beat the system for us PI's :-))
Hi freshwest. I think that you are probably preaching to the converted here at this stage of the game. Placing shares may be getting dumped still but anyone who has done their research won’t be selling these wonka tickets in a hurry. Loving your posts though
Have a read through the latest FY Boral results published last month. As you can read Fly Ash is a hot topic and their strategy is to acquire new pozzolan sources to make up the shortfall in fly ash. One way or another Boral will be coming after Sunrise pozzolan mine.
https://www.boral.com/sites/corporate/files/media/field_document/Management%20Discussion%20%26%20Analysis.pdf
“Fly Ash revenue growth of 1% was underpinned by a 10% price gain, which strengthened in 2H. Fly ash volumes declined 100k tons or 2% to 6.8 million tons primarily due to lower available ash supply in 2H as power plants were impacted by COVID-related slowdowns and intermittent shuts. Lost volumes associated with the previously advised closure of the Navajo plant in Arizona were offset by volumes from new contracts and additional volumes associated with storage and logistics optimisation. Lower fly ash site services revenue reflects the completion of two major projects which contributed in FY19. Site services represented 17% of total fly ash revenue (compared to 22% in FY19 and 28% in FY18). Earnings were lower with EBITDA margins of ~19% compared to ~22% in FY19 primarily due to the completion of site services construction projects, site closures and higher costs.
In Fly Ash, the strategy to grow volumes is continuing. We are working to minimise volume loss through current channels, including via network optimisation; harvesting and import opportunities; and, the Kirkland natural pozzolan source, which is due to come on line in June 2021. New contracts secured in FY20 representing 1.3m tons per annum (tpa) will progressively deliver benefits from FY21.
This is partially offset by lower volumes associated with contracts lost in FY20 representing ~230k tpa. We continue to target new sources of fly ash to grow supply and offset expected utility closures over time and potential contract losses.”