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We are currently valued at 9million, and you get all that opportunity with appreciating assets in the ground. This is in my view a very low risk investment, and there is nothing in the presentation that changes my opinion. Patience is required to see what plays out, we don’t have long to wait to see what enfolds. How easy will it be to bag with the sniff of bigger interest from a trade player. It is surely not beyond the imagination at such a low market cap.
@justone - who is/are the industry players that SRES could partner with ?
It is a high risk investment to you as a PI as you are missing returns on recovery stocks in the current market.
I think you will have to wait far longer than you prefer to believe based on that we heard. The concern I have is evidenced based... manufacturers won't stop profitable production runs to allow SRES tests to complete in a timely manner. PC referred to Spring '21. The whole point of project management is milestones - timelines - risk assessments - accountability - delivery. I feel that has been missed. And the presentation almost but not quite - ventured down a fantastic path to talk about the US West pozz supply chain - and then about turned. Your sentiment is not misunderstood and neither is PC's and total credit to him for hosting today. But its missing the energy and the assurance of delivery.
I take it you missed the off take agreement/MOU for perlite then Bull? Think everyone else did tbh
I did?
@Losesalot.
Possibly he lost me at the "Romans" for a short bit - and then again at the re-show of some of the "boots-on-the-ground" holiday snaps. As much as I admire and appreciate today's webinar - any idea how many minutes in so I don't have to watch it all again?
As an aside, if it's market sensitive stuff (off take agreements / MOU) wouldn't that warrant an RNS ??
I assume this was just referring to the existing MOUs (RNSs of 27/04/18 & 04/06/18)?
It was around the time he was talking about the perlite grading mistake. I think it had the picture of the grading machine showing. I don’t know how to rewatch it I’ve retied the link and looked on SRES website and got nothing.
@losesalot - thanks for the pointer - will see if I can re-run
@SGD27 - thanks for the RNS reference - I thought I had a good memory - but you got the march on this one. If it is those of 2018 vintage - we're a bit back in Roman times again.
Genuinely fingers crossed for pulling a Sunrise Surprise (new ****tail ?) with possible Clayton news next week.
GLA
You might be right SDG27 but it’s good to know that it’s still on going. I thought that had fallen by the wayside to be honest
The 20% increase in Perlite pricing is a big deal too that seems to have been skated over. Effectively the value of a lot of what we have in the ground has gone up by 20% without anything being done, thats very good news.
Increased value in the ground is great but even more important, perhaps, is the increase in profitability on extraction. Cost will be the same, profit increase will be considerably more than 20 %..
I thought it was fairly clear that we will only start mining once we have an offtake. The rerate on offtake agreement should be bigger given the increase in product price. The question is if and when will we get that agreement. I’m not expecting any movement in sp unless we have good news either on the silver or on the offtake.
The gold drilling could lead to a rerate.
I have no idea if there is anything there of course but if there is that could be good. The drilling is at the end of the month, let's hope it's not 3 months for results there too.
TBH twiggy, the perlite has not gone up the money in your pocket is worth less by creating trillions of extra $$$
Dadsykool, gold your having a laugh. At present times it’s all about cs as that was and is supposed to fund other projects and stop future plavings as income coming in
Well they are drilling at the end of the month.
There may be some, I am not holding my breath, but it would be nice.
We were supposed to be in production very soon. It’s one crap after the other. Pc you read lse so time to stand up and pull this off. If your doing a webinar again , do it live without picking and choosing questions or stand up as a Macclesfield mp. You have great projects but don’t have the ability to bring to fruition