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Comeonsres why dont you post on your orginal account as it looks like its still active
Same to you, nice reply. Let's see where we are by December. I believe Patrick reads this board (in fact I know he does) and will know that at least some shareholders are going to drift away from this stock if they see no progress or at least updates this quarter.
Dubliner. Fantastic reply. Very switched on thank you. You are right my frustrations are gwtting to me. This waiting game has finally got to me after all these years. All i want is for the company sp to rise accordingly. If this was silver or gold then we would have shot up by now. I hope you are right and pc does really have the sales asspect in him. I suppose in truth i was possibly wrong because qe havnt had the chance to see that side yet. I am hoping this wont stay quiet now until next year because i feel the sp will fall as usuall in the quiet periods. I will shut up for now but if nothing happens before the new year i will be deeply upset and frankly worried.
Hi comeonsres2, firstly I respect your views and you are of course entitled to them.
I take a somewhat different view on things.
Firstly I don't see the argument that we need a specialist Sales person / team. We are not selling cars here we are selling Industrial minerals. For both Pozz and Perl there is a very specific Market place / limited list of Customers. I believe PC is already dealing with all the prospective Customers and has been for some time hence the 2 MOUs (for Perlite) and also the fact he has had several large Cement Companies test our product.
So really it is not a case of giving these Customers the big sales pitch and convincing them they really need to buy our product. Firstly we needed to be in a position to supply (i.e. we needed the mining Permits) and that has taken a lot longer than many of us would have liked. And yes, perhaps PC and the team might have pushed things along sooner on the permit front - without being close to all the conversations it would be hard to judge that. Oh and one little thought on that, I have felt all along that PC knows the longer he takes to tie up any deal (for Pozz) the higher the price he will get due to the fly ash crisis. Frustrating yes but maybe taking an extra period of time might end up being very beneficial in terms of product pricing.
Then we need a product that performs for the Customer. We have done any amount of lab testing of Pozz and Perl and it seems that both are high quality products. So why have we not tied up the deal/s yet?
That is the great unknown but PC says these guys want to test larger samples and this is what is happening in the background is what we are told.
We have to prove to these Customers we can supply too and hence the £1M raise and much of that money will get things moving on the equipment front (contract mining and crushing etc).
On this subject my take is to let Patrick do his thing, I will be giving this up to the end of December and if things have not progressed I will be reducing further (I already reduced somewhat for personal reasons and the need not to have so much tied up in a very small MCAP Company).
On the Precious Metals drilling front then I too have concerns that they don't spend too much on these projects. PC says spend will be on specific projects and any drilling targeted in such a way to minimize spend and increase the chance that we can find something worthwhile and thereby realize some value for these projects - maybe attract JV / Earn in type deals.
Bottom line is I sympathize with all those who are frustrated at the delays / the time things have and are taking. But bottom line for me is that I trust that PC is a decent bloke and will be doing his best for all shareholders; not least himself as the largest shareholder to my knowledge.
As I say respect all opinions but just wanted to give my thoughts. All respectful views are welcomed by me.
Have a good weekend all, lots of good sport on the box.
Comeonsres I don't know how you can say that he clearly isnt doing anything to change that.
The last RNS said that negotiations were happening and that samples would be provided to these interested parties as part of the process. That's really only just over a month ago and they said the samples would be provided in the next few weeks. So really they have probably only had them a week or so.
Negotiations are happening, we have no idea how they are going. For all we know he is getting an amazing deal but it will take a little while.
Have we ever mined anything to sell before, or is this the first time we’ve had a mining permit to start supplying what we have, the samples are being tested with interested customers, I don’t think we’ll have to sell anything, rather the large cement manufacturers will be asking how much do we have and where do we sign gla
Splatted. Seeing as you have piped up, what ideas do you have? Or do you just like giving it large like a huge keyboard warrior you are? PC has never had the ability to sell his products that is who he is. He clearly isnt trying to change that. So where is the problem to get a professional who is clued up in and make it sellable? Or would you rather the 1 million be spent on another project which would end up costing more to get going? Let us know how you truly feel. Because you act like a 13 year old girl with no real come backs.
Put some of the placing money into advertisements........really???
Comeonsres. That was a pretty pathetic post.
The customers will be queuing up like children at an ice cream van in the summer, waving their cash in the air desperate to get their lips round a 99 with all the toppings
To be totally fair just over a month ago PC said this:
"This is further good news for the CS Project. The permitting delays that we experienced late last year and earlier this year are now behind us and we are pleased to see that market interest in our potential products remains strong. We expect to be delivering test samples to a range of customers over the next few weeks for testing as part of the offtake negotiations."
So a few weeks from that samples will have been delivered to customers as part of negotiations. Thats pretty good, that confirms there are negotiations but as others have stated on here these tests will take a while.
I dont think the delay is that bad, yeah maybe he could have told us all the samples had been mined.
At the moment i can not seem to find much enthusiasium out of how sres is being run. Its all well and good of having a great product in the ground and cheap and relatively easy to get out. With all permits things look wonderful. But whats the use in it if nobody wants to buy it. I think that right now that is what is stopping us moving forward. Pc will just have warehouses of dirt if he doesnt have a buyer. It is a massive shame that he hasnt used this dead time inbetween to get a professional in to help sell his product. Surely if he is so confident then perhaps some of the 1 million pounds could have been put into advertisement? No instead he wants to dust of another project which is just a magnet to raising more shares in sres. And at the same time we have no income. So PC whats your plan? Put your feet up for the weekend after such a hard weeks work? You must be so tired after all that has happened this week