End of week musings14 Dec 2019 07:34
Some ‘interesting’ trades yesterday (not me!) and good to see a minor rise in the SP.
As always you wonder why these folks are buying now and if they know anything!
We all know about the slip in the results to mid Feb but heck that does not stop the Company giving us a progress update – blooming heck you need the patience of a saint sometimes.
The last real CS update was 20th Sept (12 weeks ago) and the one before that was 14th Aug (nearly 18 weeks ago). The Aug update had a lot of ‘processing’ related detail. I paste below parts from those RNSs where Patrick advised of planned processing / customer testing activities;
>14th Aug RNS<
Following these successful plant trials, the Company is now working with its equipment suppliers to assemble an integrated crushing and screening plant close to the project in order to process the 100-ton sample of perlite that was extracted earlier this year. This pilot scale work will allow for additional tonnages of horticultural grade raw perlite to be produced and sent to a wider range of customers.
>Fri 20th Sep RNS<
The Company now plans a series of larger commercial scale tests and intends to process the 100-ton perlite bulk sample currently located on site to produce additional supplies of crushed and screened horticultural grade raw perlite for supply to these new customers. Consideration is also being given to processing a bulk sample from the Company's NewPerl Project at the same time, for which a permit has already been granted.
I always felt that there would be a gap/delay from PCs £100K investment to a new update for what I believe are obvious reasons. It would not look great to say ‘hey I invested £100K’ then a week later deliver some great, price affecting news.
I head to Dublin for Christmas a week tomorrow and hope for some news before I go.
Come on Patrick, please give us something to raise a glass to over Christmas and at least update us on that process plant move, processing of the 100-ton sample and possibly some of the NewPerl perlite.
Good luck all here..