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Which bit have you read from me before in particular?
Why do I think Kirkland has a deal and sres doesn't? That is hard to say, could be for any number of reasons. Location, speed, willingness to negotiate, proximity to customer, price .....
It goes on an on.
What test results are you waiting on anyway? Do you mean the commercial testing by the CRMC that will be concluded next month?
I can't get too wound up about Kirkland at the moment, we only got the permit towards the end of the summer last year, when did Kirkland get theirs?
Would you be happy to sell all the pozz for $20m up front and $4 a tonne?
* "no" test results
@twiggysparks ... i have read this from you before... so why do you think kirkland 'has' a deal (will make generate) and SRES does not ? How can you hope to sell the asset if there are test results (doesnt stack up as an idea) ? (2 questions)
I want to see value returned to shareholders.
Ideally I would like sres to mine this, extract maximum value and use that in other value adding projects. I had a target of 3p a share a while back but my expectations have crept further and further down. Now I would just take anything that adds value, I would take 0.6p a share right now.
A JV or a sale would be great but I don't think Kirkland got a great deal and I would want better. I put that down to them being privately owned.
@twiggysparks what outcome do you want to see - when - for what value ?
I don't think its really acceptable by any means but Kirkland sold to a large CRMC, we may be set to do exactly the same. I wouldn't be happy with their deal though so doing exactly the same for them is not what I want.
@twiggysparks... its obvious. Its called benchmarking. Do not listen to PC excuses. Kirkland is monetising their pozzolan. SRES is not. Why is that? Go and read their permit. Not too much difference. Only they will be in revenue soon and SRES is not. Which would you rather be.... Take a look back 5 years ago to see SRES board strategy to produce CS. Tell me where SRES today is acceptable?
@twiggysparks... its obvious. Its called benchmarking. Do not listen to PC excuses. Kirkland is monetising their pozzolan. SRES is not. Why is that? Go and read their permit. Not too much difference. Only they will be in revenue soon and SRES is not. Which would you rather be.... Take a look back 5 years ago to see SRES board strategy to produce CS. Tell me where SRES today is acceptable?
Why do we keep referencing Kirkland as some example of sres missing out? Kirklands mine was bought by a single producer for their own purposes, they aren't going to be selling to the open market.
@dip666 PC hopes a silver/gold discovery will be monetised and proceeds fund CS. SRES is reentering previously abandoned mines to profit of precious metals rise. Already had one suitor walk away. Would be ok if it was core SRES and not the scavange hunt round goat pasture that it is. SRES should be core pozz and should have been years ago as the board commited to focus resources on bringing CS to production. Failed to execute strategy announced. Dragging heels and now behind curve (ref. Kirkland)
Its the CS project thats concerning me. Just hope PCs not taken his eye off the ball.
Hopefully he can reassure us all tomorrow
I jus can't believe that we still don't have assay results. I know that they will claim that outside of their control but the cores were sent away in November last year!!
Just had a look at the TYM website and there seems quite a lot going on over there. PC is of course chairman of TYM.
As a Sres investor I would like to think PC is spending all his time and energies getting the best out of our projects.
As someone who has never been a chairman of two companies I'm finding it difficult to understand how he can do both.
I don't want excuses mate - just a brief acknowledgement a mistake was made (by them and the contractor) and that they have learnt from it and will implement more focus on keeping on top of these things in future. I feel the lesson has been learnt as it has had an impact in terms of money, time and shareholder sentiment. Best to focus on positivity now.
Moving on quickly from that - I hope he communicates a clear outline of what to expect from the different ongoing projects near term (within regulations of course) . Personally, I do want him to cover the geological aspects of the PM projects at Clayton and Bakers - whether we like it or not we are spending time and money on them this year - so let us hear his explanation as to why he feels this will be worthwhile.
PC is going to have to dig deep into his excuse book tomorrow. Gla