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All this talk about it been good news and good things on the horizon and everyone selling !!
I agree this is good, the worm is turning for Junior Miners, 6 months and the shorts will buy back. We need time.
Back to normal
100% spread
I welcome the surprise sale of the Diatomite claims this morning, although I think the deal could have been better.
I don’t think anyone should get too fixated with this deal in relation to the future prospects of the company. The sale is unexpected, it provides some limited up front funds which helps, and is no more than a side show relative to the company’s potential through its flagship projects, which include the CS Project, Pioche, Hazen and possibly Reece Ridge once more analysis has been carried out.
An accumulation of royalties payable over a significant timeframe is no bad thing; Pioche 2.4% for 25 years, Garfield 2% plus buy-out clause, Diatomite no less than 10 years @ $6/ton plus buy-out clause, Jackson Wash 2.5% plus buy-out clause etc. it all adds up and will reflect in the share price is due course.
In the meantime, we await news on the CS Project which will dwarf all of these.
For anyone wishing to know more about Diatomite here’s a link:
https://pubs.usgs.gov/periodicals/mcs2022/mcs2022-diatomite.pdf
They aren’t celebrating the deal, it’s a tiny side deal that cost nothing and is one of many they are seeking to drive revenue from.
This is neither a bad deal or a game changing deal.
I invested in SRES about 7 years ago at 0.25 pence. I became concerned as to lack of progress and spoke with Cheetham who at the time who told me words to the effect that the company will reward long term investors. I subsequently continued to be concerned and so sold out around break even.
Seven years later on SRES investors are down 80% and are celebrating a deal that has a quantum of $500k in 10 years time. At best that will make back around 5% of those long term supportive shareholders losses (and thats discounting the impact of 10 years inflation). Thats why its a bad deal.
My first reaction was pretty much in line with the market reaction today. I have millions of this and very little confidence of ever making money now. Not happy but at these levels will put bottom drawer.
Right, well explained.
Yeah this deal is clearly terrible for us, I am glad you have put a lot of research into the company so that you can tell us why.
Well the company has sub 200k cash I believe and a list of projects as long as my arm. Ive followed SRES on and off for about 10 years now and it has always been jam tomorrow.
Oh look another low post count username appearing to tell us all why this is actually bad.
Ok, SRES is not bust but if you look at the long term chart it isnt going anywhere either….
Perhaps Squirrel you would prefer the outcome of a lot of other busted AIM companies .This is certainly no success story yet but a royalty stream Co. with zero x's could work
Given the amount of time that was spent on Diatomite in the past, this deal is a failure. Even at the upper end $500k in 10 years is pretty meaningless…. AIM is high risk/reward. SRES suffers from placings but is not rewarding investors on exits. All this does is provide an excuse for PC reloading the portfolio to spin out the life of the company…
Not invested but always look out for RNS's here and hope it works out.
Not a bad deal on what is not even their main Diatomite claim. You have to think if Pioche sells and so do (eventually) the Pozz claims then this really is a Company that will be collecting Royalties at various levels over time and not necessarily active in any way?!
Good luck...
Hope you’re right Justone. Fingers crossed. Hopefully in the next 3 months
A positive RNS that comes out of the blue. It will probably not move the needle much, but it puts our lowly valuation into perspective. I presume the CS project negotiations, will be on the same basis. A royalty based company.
We were supposed to have hired Ryan D long for sharing insights into mining. I have a bigger social media following for my social hobby club than this company has. The last interview by stock box has been viewed by 170 people!! We are absaloutly tiny and the parent company which sounds like all the concentration and efforts went in the last 12 months is not much further forward in terms of SP. I believe we have something here but we don’t seem to make progress. Keeping us left in the dark doesn’t help us PC. Are we making progress or is it all just talk? I need some evidence. Anyone else get excited to see an RNS this morning then let down again time after time.
I will take that - could do better :)
LOL Safe - could this not also be applied to you :
Communication skills - poor
Bulletin Board posts with factual comment - almost non existent
People skills - ?
All in all - Fail
PC treats this like his own company and the shareholders are of little interest to him. All being scheduled for his own retirement plans IMVHO. I am fairly certain he will already had offers if not even just one offer to buy the CS Project or even a JV proposal, however I think they or it were / was to little for him. He tells us next to nothing and seems quite happy with that mushroom scenario.
Communication skills - poor
Sales skills - almost non existent
People skills - ?
All in all - Fail
Caddy i'm not sure you understand things - Twiggy tried to point this out to you yesterday.
In Pozz we have one raw material ( a component) that could be used by big boy cement companies to formulate a reduced Co2 cement product.
Federal Government is not going to be giving subsidies to the likes of SRES - it is the big boys it is trying to force the change on turbo charge the change in co2 friendly cement production.
SRES may find a benefit from this money if one of the big boys then decides to uses our pozz to develop its cement - its a food chain and we are only a very small part of it - but potentially a very significant one. ! :)
Get fed up with PC saying everybody wants what we have got. Even the Govt. is throwing money at the situation but apparently not in our direction. If what w have is so important why doesn't the Govt. just give PC the money to get on with it. It would save everyone a lot of time and money.
I don’t mean to be insulting, there are enough insults given to PC on this chat forum to put investors off. I was expressing my opinion as to why the share price is as it is with so much potential. There have been achievements, but the market does not recognise them. I am prepared to wait until they do, simple as that. The theme of the thread was to try to put some value to the deal that is being negotiated. If all talks had come to nothing PC would have issued a RNS. So you either have patience or you sell, there are no other alternatives. In the meantime the market is moving in our direction, which should improve our negotiating power.