Firering Strategic Minerals: From explorer to producer. Watch the video here.
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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.
Hope you’re right Justone. Fingers crossed. Hopefully in the next 3 months
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...
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…
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
Ok, SRES is not bust but if you look at the long term chart it isnt going anywhere either….
Oh look another low post count username appearing to tell us all why this is actually bad.
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.
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.
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.
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.
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 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
I agree this is good, the worm is turning for Junior Miners, 6 months and the shorts will buy back. We need time.
All this talk about it been good news and good things on the horizon and everyone selling !!
All the trades you've been seeing for the last couple of weeks at 0.0455 are buys. They're showing as sells (red) because the trade took place below the mid price. Anyone who's bought lately will know this. The 1M trade this morning is mine and it's a buy.
Agree 1 Investor I added recently and mine was shown in red as a sell but was in fact a buy :)
As we stand currently - so no need to go back over the years about what happened 10 years ago yada yada - I would now much rather be in this than out at this stage.
As PC has demonstrated this week if the CS deal is done we are unlikely to get wind of it - unless there is a leak - until it lands / is announced. ( unless he actually asks share holders for a yes or no on the deal presented - unlikely)
At this point imo a rapid rerate will happen with the SP and it may be hard to get in at any volume ....... we shall see
As and when the news lands the share price will leap and a lot of people will find themselves locked out. Lack of stock is likely to be an issue. It's a gift at this price.
We seem to loose ground on SP far quicker than gaining!!! I’ve never trusted the trades on it