Member Info for Dubliner

Hi comeonsres2, yes fully agree and a tick up from me.
This is a nice progress statement, as we suspected things are moving along but the CRMC have their own pace. We don’t know how large these two pours are but if they are exceeding expectations strength wise it just proves our Pozz is good quality; mineral exports would be delighted! Plus new customer interest too.
Also good feedback on the Perlite but would have liked a bit more info on what is next there.
Giving how some of my other stocks are doing (not great) very happy with this update.
All the best.

Hi SGD,
I had another read and see how you made your calculations and they seem reasonable to me; thanks again for taking the trouble to put your head above the parapet. I guess the key thing is whether we can strike a better deal than the Kirkland folks did.

Looking at other comments. I think folks need to remember the Pozz is the main driver of the valuation here given we have 17M tonnes of Pozz and a little over 1M tonnes of Perlite if I recall correctly. The quoted Perlite price of $850 per ton is for expanded Perlite and we don’t even have a mine yet let alone fractional size processing and expansion capabilities or market/customers. I also think that value of our other assets right now is pretty minimal as can be seen buy the price we got for the 2 recent license sales to POW.

When selling anything (e.g. house, car etc) the ideal scenario is to have multiple interested parties and that way the competition can drive the price up. What we don’t know is where the first Pozz tester (a Cement Company) is at in terms of interest; all PC said in that presentation is that we are still talking to them. If the CRMC is currently the only interested party here for our Pozz then really they are going to dictate if they buy CS or simply offtake. If we tried to dictate they ‘might’ walk away and then who do we deal with! I don’t personally think there are multiples of potential customers that are within reasonable range of the CS location and who have the volume demands that we need to make the calculations (500-600K tonnes per year) folks are doing realistic.

I do though very much remain hopeful the CRMC are progressing the testing and are in the process of negotiating some kind of deal with us.

GLA, back to the footy…

Hi SGD, appreciate you going to the trouble to do all that number crunching. I am in the midst of stacking logs for the winter and doing other stuff so need more than my cursory first pass read before I comment.. Maybe will get time tomorrow.
Thanks once again...

Nice to see the debate this morning . If 1investor and comeonsres end up being correct SP wise then I will be happier than a pig in muck. It does beg the question comeonsres as to why you are so negative / impatient if you think we will end up at that kind of SP level; heck I would wait quite a long time for that outcome.
I am in the 1p camp and hoping I am way wide of the mark. Priority one is not to lose money so hoping for good news to come at some point. Looking forward to SGDs weekends musings...

Yip pretty much agree with your list Bazza.
Option 2 could even be something more formal like a JV.
Not sure option two should be that tricky. An offtaker who provided funding (likely the CRMC for Pozz) is the priority and any other offtakers (Perlite) get their product when we are ready.

Watching recent developments at HE1 and SO4 am guessing they would take news delays rather than the huge SP drops. This investing business is not easy!

That is sad news and nice to see so many positive comments here; a fond tribute indeed.

SGD, just back from morning out and read your post / calcs with interest. The economics seems to stack up if you have access to that kind of money ($20M) at a decent interest rate.

totty, US folks can travel here now if double jabbed but still restrictions travelling from UK to US;

"It is not possible for most British nationals to enter the USA if they have been in the UK, Ireland, Schengen zone, Iran, Brazil, China, South Africa or India within the previous 14 days. Those arriving from outside these areas will need to get a visa or an Electronic System for Travel Authorisation (ESTA) visa waiver to enter or transit the USA as a visitor. You should consult the US State Department website to determine which you will need"

Hopefully things should open up soon and then PC can go and do the deal!!

Interesting SGD wonder who is pushing for CS to get covered by rail; us or a big CRMC who might want to buy us…

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.

A new Paul Hill interview is set for couple of weeks time so we should get bit more info there.

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.

SGD thanks for that post - good info..

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?

SGD - thanks that was a very good article and strengthens our position...

Thanks for reply 1investor - a bit more time should reveal all!!