Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Resent RNS (This is the bit I like)
? President of CRMC confirmed his Board's support for a joint development of the CS Project in recent meeting with Sunrise Chairman and detailed financial terms are being discussed.
AGM 27th not long now
No major corporation is going to time a deal for the sake of SRES's planned AGM unfortunately.
They'll complete on any deal at their own pace and time, hopefully in time for the AGM but I wouldn't treat that as a 'target date' personally - just to then get upset if nothing materialises :-)
I would agree with you, but we also have the second CRMC coming up on the wings, so it could spur them on for an AGM deadline! All will be revealed in time. Relax at least we are not in invested in tech and seeing the profits fall away!
On the off chance there was a Q & A at the AGM, a reasonable question would be whether or not supplies of fly ash really are dwindling. Or whether dumping of existing fly ash stocks is being experienced.
Generally, the only way major corps change their production processes is when key components in the supply chain are under pressure. And given there does not seem to be much hurry to bring pozzolan into their supply chains as yet, this suggests there is still plenty of flyash washing around the market.
Sadly.
A good question mr m, hopefully you will be there to ask it
How could PC articulate a response with 100% accuracy to that question MM, it would just be an opinion, I'd rather research the answer myself than rely on his opinion, especially when he has a bias to talk about a near term demand for Pozzolan. Many excellent forecasts show very attractive potential and market growth for both Pozzolan and Perlite.
There probably is a fairly abundant supply of fly ash in the near term in the States - but where SRES will do well is (as with the CRMC PC is in talks with currently) - that most should be looking into Pozz and other ESG related matters. Certainly looking at the pressures they face from legislative, financial and social viewpoints, delving into their strategical focus shows that most are very much focused on these areas.
As I have said in the past, 'they' will want to be very thorough in regards to testing and negotiating - but we should get the news we want as they've moved on from just testing, so I expect a positive outcome here :-)
Dip - what are the legislative pressures you are thinking of ? Keen to understand your thinking here. The more of this brought to bear, the better for sure.
Hi MM - it will vary from state to state and of course country to country - but across industrial sectors we're talking about decarbonisation, carbon neutrality etc. being brought to bear on the likes of CRMC's, mining companies etc. Also, look at marketing/PR efforts nowadays in terms of highlighting use of recycled materials both towards consumers and investors too.
If you look through the annual reports/presentations nowadays for many related companies in these types of sectors , you can see a huge impetus in trying to implement initiatives to reduce their carbon footprints and focusing on existing success they have shown. I even noted of a majoe Jewellery company promoting the ESG initiatives of the mine they sourced their Gold or SIlver from, was a while back so can't recall specifics but was quite an interesting slant on their marketing I thought at the time.
The above and the resultant demand for concrete with the planned infrastructure spending in the States should bear well for SRES in the future IMO.
Thanks Dip. I totally get the whole ESG and decarbonisation gig - that has started and will continue to build and build ahead.
I was hoping you had something more specific applicable to the cement and concrete industries on the tightening of legislative requirements.
We all seem to have bought the ‘coal is on the way out’ story which initially I know I took to mean flyash was on its way out and pozzolan (being the replacement agent) was on its way in.
But cement and concrete are such huge industrial sectors that forcing through changes there will likely be tougher than many here ever imagined. Process changes and supply chain change generally - unless there is some form of legislative directive telling operators to change their ways by such and such a date - tend to take way longer that ‘punters’ in the replacement technologies would like…….
That I think is going to be the case here with Sunrise. Plus it isn’t the biggest deposit in the world; yes it is sizeable, just not huge. Go check the blurb on Geofortis website ….. and it seems not much has changed with them this past while.
Coal plants need to disappear. Coal fumes and flyash also need to disappear, but I worry that will take longer than hoped here. But if it does, then Sunrise should absolutely fly.