Member Info for Dubliner

HI SGD, yes tend to agree that things are looking positive. It seems very much like the MMs have an order to fill and they very much have raised the bid - this bodes well and perhaps news is in he offing.

I noted your post yesterday where you said you were looking forward to my weekend post.

I am not sure on reflection I really have that much worthy of comment so perhaps will hang fire. I was just going to outline all the things that PC has to juggle at the moment in terms of the sequence of events with things like the bulk mining/samples, infill drilling, financing aspects (when is the right time for example to commit to the mobile processing plant ordering/move to CS with reference to when formal orders might be received versus processing offsite).

Was also going to comment on the seemingly very different views of investors here with some hoping for a sale or joint venture for CS to provide funds for the Precious metals projects given the focus on the gold and silver price.

I was wondering to myself how many more samples the 2 Perlite MOU customers need anyway. They already had a bulk sample so wondered if they really do need more of the same to commit. Bottom line is we need one or more customers to commit. Then PC has the options to raise finance (and it was be at a much improved SP), in short it feels like somewhat of a log jam on things until someone commits.

I also must declare my position which it seems is different to some. I personally prefer the focus on Industrial minerals and think there can be a hugely profitable operation for Pozz/Perlite and we just need to get that up and running and I feel it will grow quickly and throw off funds for the other projects.

Very interested in your thoughts, seems you are a silver fan and may have other preferences?
I guess bottom line is we all just want the SP to do well.

Me too Twiggy - not possible to buy... someone wants in!!

Hi ShareGeurills (guessing a play on Bear Grills?!)...
A very nice little summary there and ticket up your post.
Am wondering if that certain Company has the letters G and P in the ticker code. Assuming so then not sure it is easy to compare with those guys but you might of course be referring to some other Company.

I can get the frustration folks have here, human nature isn't it after waiting so longer for one of their prospects to come good (permit) but then to start thinking about how much longer we need to wait.
I have my thoughts on that and will probably pen a longer post on the weekend.
For now thought got to spruce myself up as having a bite up the local boozer partially paid for by the good old British public - thanks guys!

You boys must be minted - it would be around .55p (if we are £5.6M MCAP now - rough calc).
You probably light your cigars with rolled fifty pound notes.
And Twiggy you probably still spending all the modelling money.. I am only a poor ex BT urchin trying to buy (smiley face)

They are bidding .187 now so a good day thus far.....
Not been a bad month for my stocks and hope our regulars doing ok too...
Enjoy the weather and the weekend.
Last post for the week unless a £20M bid comes in whereby I might just pop back on....

Sam, yes agree the SP nowhere near reflects the potential.
Twiggy, imho the Market will catch on at some point. There are things the Market likes and firm offtake deals, joint ventures, clear funding etc are all catalysts. The permit 'should' be a catalyst but it hasn't really been so far.

Sam, they are a bit perkier today!
.1775 - .189 spread for 1 million
So folks buying under .18 yesterday (like many regulars here did) - did ok as things stand...

Interesting that cannot buy any right now....
I did add some yesterday and was nosing at the current price and got NT for 1M

Nice to see an interview at long last and most amusing fulmar!!

I am very interested in the unsolicited approaches part (he said Private Equity Groups and Industrial Minerals Companies). This sounds extremely promising and wonder if this is possibly our friends at Boral but who knows it might even be Possehl/Cremer who some of you know from our neighbours at TYM. I feel the Equity raise would only fund the G&A costs until we get the income stream and I expect any of these other options to be very S.P enhancing.

Personally I don't have an issue with Patrick's interview / presentations skills - if you were a HUR investor you would know what bad looked like (I was)!

Hi Bplan, a very good post from you there.
I very much agree that PC and the team have had plenty of time to plan the next steps following permit approval so, like you, would expect at least the funding news soon.

I expect some kind of placing to be a small (hopefully small) part of that funding mix. Debt would be ok but more interesting are the options of offtake or joint venture funding. Either of these options would I believe be viewed positively and announced alongside any placing.

Was also interested to read about the Pozz and Perlite fixed processing plant options.
They already have designs for both options and only the Perlite plant might be located at CS and it seems other options close to rail links are being considered. For Pozz it seems to me that the Millers option has gone a little cold and they also favour a site closer to rail links according to the RNS. Perhaps a location that handles both fixed processing plants makes sense!

So it seems to me there is a lot going on and imho the current SP nowhere near reflects the potential here. I expect SP to relate in coming weeks.
AIMHO and good luck.

I just skim read including the detailed info.
Right at the end is an interesting comment ref financing and unsolicited approaches adding a touch of intrigue!

This funding could take the form of one or a combination of equity, debt, offtake or joint venture funding at Group, local company or project level and a number of options and discussions are currently being pursued, including unsolicited approaches from third parties

To clarify my last post.
The mine plan has 4 main phases for mining but there is a bulk sampling / exploration / build prior phase and this bond is for that phase.

I seem to have slept through some activity!
Looks like an RNS at 7a.m now likely.
Just found below in one of the docs the amount of the bond for the first phase;

Based on SRM’s reclamation cost estimate for the Exploration Phase activities, this office, in concurrence with the Nevada Division of Environmental Protection, has determined that the amount of $106,939 is sufficient to meet all anticipated reclamation requirements for the Exploration Phase. Future phases of the Plan must be proposed with an updated reclamation cost estimate and bonded before disturbance for that phase can take place.

Never even thought about that tottyman but interesting point!

And right now .1751p to sell 1M and NT on dummy buys.
Strange though the MMs don't show the bid as being higher....

Twiggy, unfortunately that one post sums Safe up.

Back to SRES, looking quite perky this morning - dummy sell .167p for 1M so up a tad from Friday - we might even see a tick up on the bid if there are one or two more buys. Quite possible this is our week for permit news.

Saw an article on the weekend suggesting if the Democrats (Biden) get in that the legalization of cannabis could extend to many more US states which would be a positive for Perlite price.

Time will tell I guess Safe.
MMs are messing this spread about. .175p to buy and around .163p. to sell.
Was not possible to buy any earlier...

Hi totty. My feeling is that PC will want to go it alone.
We have 100% of CS and when permit drops then we are in a good place.
Add to that that PC said offtake discussions are being progressed (and it read like multiple not just one) then we have all we need to raise the funds so we can do contract mining (digging) and processing.
PC has previously indicated costs for this in that diggers podcast.

Assuming our SP gets a boost for Permit approval and then Offtake/s our Market Cap should go over £10M.
At that stage raising £2/3M to get things underway is very doable.

Maintaining 100% of the project seems to make sense to me.
All the profits come to us and either we get a dividend (unlikely short term imho) or more likely PC will plough the money into up-scaling CS and also doing some drilling on the precious metal projects. These activities should be S.P enhancing.

That would be my best guess but it is imho etc.
Fingers crossed for new next week.

Just tried a buy (hoped to pick up 1M) and got NT!
A dummy sell got offered .1465
Summat interesting happening perchance...

At least one I know of!