Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
SGD, good info and thanks for research. Particularly good to see cement increase given (as you say) correlation with Pozz price.
Some pretty good posts today (Dip and Daddy) and interesting to see Ghengis here as was one of the good guys on HUR - albeit that investment turned into a crock of you know what.
Waiting for news on shares is like when you were a kid and car journeys seemed to take forever. I dropped PC a quick email this week noting the frustrations expressed by several here at the lack of news and querying if a CS update was not overdue.
I got a very brief reply I hope PC would not mind me posting. Roughly speaking he agrees things are going slower than we would all like but they are progressing and that he will update the Market when in a position to do so. Nothing in that we did not know but just sharing it here in case it helps.
If we think back to when we were waiting for the 500 tonne sample to be ground that too took quite a few months more than originally expected. But the point was that it did happen and we were all pretty relieved when the news finally came. It did not guarantee anything but made us all feel more confident things might work out on CS
If PC had said early in the year 'it's going to be May before the CRMC grind the pozz' quite a number of folks might have sold up and thought heck will buy back later. No doubt it would have knocked the SP too. Sometimes having a blow-by-blow account of every twist and turn in progress is not the best way.
So here we are again in mid July and again waiting for news on the test pours and CRMC view of the tests and their plans. No doubt the news will come but wishing for it won't make it happen any sooner.
Whilst the SP here is disappointing it is worth glancing around other stocks on AIM.
We are definitely in tougher times and there are no doubt lots of reason for that; fear of inflation, bubbles like Bitcoin bursting, COVID continuing around the world etc. There are lots of very unpleasant posters on many of the bulletin boards I read who have an agenda to sow discontent and drive stock prices down. In fact this one is actually pretty balanced compared to some and I don’t think the negative posters have an agenda but are simply fed up with waiting for news.
I was listening to a podcast from Justin Waite this morning where he said in the last few weeks his shares had dropped more than the value of his house. It was a worthwhile listen / reminder and he makes a lot of valid points; worth checking out.
So as we start this sunny weekend all the best to holders here and hoping for the best in the future.
Every journey has it’s end; even life so make the most of the weather guys and be nice to each other!
SGD, thanks for posting Cemex info, just listened to the sections you flagged.
Certainly get the impression this is a busy industry.
If a large Company does want to buy CS rather than offtake I too can imagine an upfront payment element and then royalty per ton of mined material.
The approx 6 weeks for Bakers assays passed Friday so perhaps news this week.
Ref Dip666 comment "Safe they screwed up for sure and cost us time - can't deny that and no one is"
Am guessing this comment refers to the problems processing the 100ton Perlite sample.
This has zero to do with Pozz and the CRMC who ground the 500 ton Pozz sample recently in their plant.
To best of my knowledge nothing has been done on our side to hold up the Pozz testing.
All the delay is on CRMC side and we are told that Covid is part of the story there.
I accept the Perlite processing delay holds things up for Perlite but it seems pretty clear to me that PC does not want to start mining at CS just for Perlite. Perhaps signing up Perlite offtakes would 'tie our hands' in terms of for example and outright sale of CS to a CRMC. So maybe this is a clue to Patrick's intentions, we certainly don't seem in a rush to process the new 200 ton sample do we!!
Yes the SP drop is disappointing but unless there is a leak which I doubt it is not based on any news so it is all to play for still for Bakers and CS.
Ice/Mick, being a pedant by nature just to remind the MOUs are for Perlite with couple of Perlite expanders (details unknown) but of course your are correct that our Pozz is very much needed by the big Cement Companies to meet CO2 targets...
All the best to you...
totty, back on the original thread title.
Thanks for replying.
Sorry I should have framed my question better.
I think it is likely that the CRMC will complete the testing soon and we all expect them to want the product as we independently verified it meets all the required standards.
Assuming they do then are they all ready to go with a deal or might contractual negotiations be ongoing for some time longer?!
I am hypothetically asking would we prefer radio silence for a longer period until any deal is announced or would be prefer an earlier / interim statement saying testing done, they like the product and talks are continuing.
I guess my preference is to have an interim statement sooner rather than waiting longer for a 'done deal'. I personally don't expect the CRMC to be named until the signature is on any deal.
Either way GLA for next week with your investments..
Hoping we get some news this week.
Will be 6 weeks on Fridays since Bakers assays RNS so can’t be far away there.
Heading for 5 weeks I believe since successful Pozz grind RNS.
Actually assuming the trials go well wonder how Patrick will play things.
We could get nothing until news of any deal is signed and sealed or we might be told the CRMC completed and that we are negotiating with them.
What do fellow investors think / prefer?
Hi 1investor, your post is interesting.
I too was trying to figure what the offloading of two untried projects tells us about possible future plans. I know that you and others for example believe a CS project sale is likely. Notwithstanding the CRMC trials are still ongoing Patrick himself must know what the CRMC have in mind viz a viz buying the project or just committing to offtake. Either option works for me by the way!
Bear in mind that Patrick has already announced we are in discussions with interested parties for Clayton too.
If we were planning to simply sell the CS Project then you would imagine PC would want to use the monies from that to do some drilling at the likes of Stonewall and Garfield (other cats are available!) so does this indicate something?
I like your idea that perhaps somehow we have had an early heads up on Bakers and perhaps the core looked promising or perhaps the results are back with Patrick and he is reviewing before issuing an RNS.
Heck it's a Friday so lets go with a positive thought but I do wonder if we sell CS what the Companies role / focus will be on.
Rod, yes we are too small right now to take all off these on so best to sell on and focus.
It will be interesting to see if he can get a good deal on Clayton and Bakers is an unknown right now but all will be revealed there soon.
Hoping Bay State will come up the list too some time.
GLA
Nice little tick up just prior to the close.
As others have said probably good business to sell these on as we have done minimal work on them and have more pressing projects.
Perhaps more news soon...
(Davis not Davies)
Totty, actually think Nevada only do cement not ready mix (as Sam pointed out previously). Possibly Nevada are the Company that first tested our Pozz but they have their own Pozz mine/s.
Have a strong suspicion who the CRMC is but might be good policy not to put a name to them in case it messes things up. All the best…..
Thanks for responses. I am not a fan of thread view so switched back to message view having read that Boral thread again.
Basically Boral got an absolute bargain with Kirkland IMHO but that was privately owned and perhaps Boral said take it or leave it and the owners thought 'can't look a gift horse' etc. As I said at the time (pre-Covid!!) a deal like that won't work for us - or at least not at those numbers.
I just did a quick calc on 4p per share (1investor low number) and get a theoretical MCAP of £147M assuming we were simply rated on such a deal. Hard to know what to add in for other stuff right now (Clayton / Bakers etc) - my guess is the non CS stuff right now is not worth a whole lot but that can change obviously (Clayton deal or Bakers assays turn out great).
The calc by Andysel is interesting and if I am honest is more in the ball park that I had in mind should a CS sale be done.
That would put us around the 1p per share mark which I certainly would not turn my nose up at.
If we get a sale and it is anything North of that then there will be quite a celebration at chez Dubliner's gaff.
Time will tell, back to the DIY.
Appreciate your thoughts 1investor and SGD27. The argument about why no drilling kind of makes sense I guess.
Million dollar question - what do you think is a fair / achievable price if you care to take a stab?
Yip Fulmar, thought that was the proper term for them - just googled it and found this..
New Individual Savings Accounts (NISAs) are tax-efficient savings and investment accounts. On 1 July 2014, Cash ISAs and Stocks and shares ISAs were merged into a new single ISA (NISA) with a much higher limit of £15,000 per year
Not to be confused with the low cost supermarkets though!!
Come on SRES let's go!