Member Info for Dubliner

Re-reading last October RNS I noted this statement; Only coarse grades of raw perlite from certain sources can be expanded to produce the coarse expanded perlite used as a growing medium for cannabis. Raw perlites from other sources shatter too much on expansion and are not suitable.

This was the RNS announcing our first Commercial Perlite testing where the 'expander' had commented on the even better than expected results.

This weeks RNS suggests; The results of the first commercial expansion test at a customer facility were reported on 30 October last year and that test used a finer sized horticultural grade raw perlite produced for the Company under laboratory conditions.

My simple brain suggests that our coarser sized Perlite will be even more desirable than the first pass trial spec. My guess is some of the output from the 100 ton processing we are planning will be sent to that first trial customer to expand and compare. Guess this exemplifies PCs previous comments ref fine tuning our products to get the best possible price.

Have good day y'all..

Bplan yes correct. I would say though any prospective new investor should at least take a look at the recent RNSs and see if something jumps out that looks obvious (like recent RNS for Permit update)! Then read the bloomin thing....

Min thanks for pointing this out. For some reason I did not get the Additional Info in the RNS feed that I look at around 7a.m
This additional info is very useful indeed and something I always look for.

Seems to me that by setting this trial plant up close to the Project that (AIMHO and guesswork) this self same kit could be lift and shifted to site as soon as we are allowed (when permit approved). This would all point to PC looking to minimize timescales to get things setup. Heck they might even line up folks to test using the kit.

Good to read in additional info that these mining equipment suppliers have been funding the work done for the trials. This is obviously keeping our costs down. Exciting times....

Interesting thought Fulmar. Especially as we have larger sample being processed. I am not sure what would stop us charging for product supplied for bulk testing. The funds would very much come in handy....

Another update on CS project this morning. We have proven we can produce horticultural grade Perlite using mobile equipment which is readily available. Product used for expansion tests with 2nd customer - we had 2 MOUs. Also plans to do same with larger sample and provide output to more potential customers. Mentions $100 per tonne. No wonder we upped our initial forecasts from 20K tonnes, there is plenty of interest.
Only thing not mentioned was super coarse but all in very nice update.

Yip Denmania reckon you are on the money - think some attention seekers afoot.

Hi Fulmar. Truthfully not much use in many ways. Will make not a jot of difference to SP.
However assuming folks are truthful then knowing their holdings might give some perspective on their postings. Ref the Board holdings I added PC and co holdings as per Director deals at top of my list.
As to what institutions hold not seen anything other than nominee holdings which is us as PIs.
Just to point out my list in not under this thread title. It is under Holdings list and you are not shown. No issues if any not interested in seeing the list.
Right a crossword beckons.

Hey Min, sorry you not been well sir and glad you on the mend.
I am a little OCD and not sure what happened as you said you updated my list but my nice neat alphabetical order seems to have gone a little hay wire. And you have the Fluter folks on the list and they were to be removed.
If you could make updates to my list am sure it would help all as alphabetical order easy to work with.
Thanks for all your posts by the way Min and good to see your holdings increasing.

Holdings rounded to nearest .5M

>Directors<
Patrick Cheetham 125.5M
Roger Murphy 38.5M
David Swan 23M

01234 1.5M
1invester 3M
987etc 5M
Aimrules 7.5M
Bazza-2015 19M
Bplanoyes 9M
Cavendish 1.5M
Caviarchops 5M
comeonsres & Lee 20M
Denmania 13M
Dfens 6.5M
djframboise 2.5M
Dubliner & Wife 40M
hobione. 5M
Hopstock 5.5M
Icebank 60M
Kev The Red 14.5M
Losesalot 27M
manycats 5M
Mick 56M
Mimasu2006 4M
Mineralex 53M
Mineralex_mates 170M
Mr Turpin 15M
Pedro100 10M
Richemondo 10M
Rodster 31M
Safetrader1 26M
Samspade 65M
SGD27 20M
SuperRoty 10M
Terrafin 15M
(c900M)

Am guessing Min is tired of updating the holdings list.
So I thought as I had a spare half hour whilst the missus has nipped to the shops I would update the holdings list as there seems to be some appetite for it.
I will post it shortly. I worked from Min's last list and scanned the posts for folks commenting on their holdings plus updated mine and wife's.
I will say here and now I don't plan to do this again but hope it helps and maybe someone else will update next time and can use this list is a good starter for then. Perhaps we do this monthly.
I put PC and the NEDs at top of the list then in alphabetical order.
If my maths are somewhere near the total is around 895M which is almost exactly a third of shares in issue.
I know it will not be exactly current as Min and his buddies have been buying more I believe.
There are couple of holdings shown for folks (Icebank / Mick for example) who I don't see posting here that I recall (or at least not often) so if they can confirm their holding it would be appreciated.
To keep the list manageable holdings <1M should probably be ignored for now although hopefully those folks (and a mate of mine from work is such a holder) will do ok in time.

Hi SGD, ok understand your point that in theory this is extra profit.
Your numbers seem correct then (I just worked out similar) except we need to convert profit from $ to £ and yes we would need to take tax off first before calculating against number of shares in issue and then multiplying by PE of 5. You are of course right to point out that the numbers are crazy...
I see update from Tiny and those numbers seems realistic profit wise. Thing Ringworm's numbers (only $5 per tonne) way short of reality.

Hi SGD thanks for reply. Couple of things. Yes even SRES themselves in the previous Annual results were quoting &$65 - 80 for Pozz or thereabouts so guess the price has increased. Even if the higher number in this presentation is for the 'ground' product and we sell 'run of mine' we still might expect a higher number than most of us expect.
The flaw in your calculation/s (if I may be so bold) is that you are using the gross (Revenue) amount to calculate impact on the Share price. We would need to know the margin (profit) on that extra Revenue to calculate what impact that should have on the SP based on the PE ratio of say 5. Hope that makes sense.

I will say this and this is AIMHO I have felt for some time that these first full year production numbers are already a done deal. So I keep thinking what are the risk from here. Obviously permit slip is one, perhaps there are Public complaints that need to be checked out. Then there is the funding to factor in, likelihood is we are running low on funds so how do we manage through to December. I feel once Permit in the bag that other funding options (loan, bond issue etc) are possible without the dilution in issue extra shares. We should easily be able to fund interest / dividend one of these other Capital raise options...

Thanks Sam, yes promising info on mine life. You did not mention something I spotted...
I compared slide 8 with presentation given by PC at the AGM which I have in iBooks on my iPad. There is are rather important addition which I noticed. It suggests natural Pozzolan $90-120 per tonne depending on market location. This is way higher than I have seen quoted anywhere before. We really are on to a winner here.
I do urge new investors to also check the NPA symposium slides on our website and in particular how our Pozz compares with fly ash. Happy days to come.

A little amusing that TYM had bigger rise on no news of late. We are only just starting to get noticed due to permit progress and importantly feel our initial production numbers are not pie in the sky.
Pleasing to see new posters here and good luck to all those.
Think my 10M top up last week was well timed. Not a hope I will sell any until they start .4 something and only then will I de-risk a few.

Me too, just picked up another 5M (.0814p ish)- that is is for now....

We raised £350K at .12p on 9th Jan this year.
We also sold our BLOE holdings recently raising circa another £40K

Stretchum. Many of us here are positive but having said that we have been holding for a long time in many cases (some way longer than me) and have followed the ups and downs (pretty well all downs actually).
None of us know if it will 'pop' soon, we are hopeful of course but certainly many of us believe we will get properly re-rated at some point. Possibly in a few months but depends what is announced.

Apologies but not sure how much you know of the story here - if you are pretty familiar with the Perlite and Pozzolan prospects (not exactly the most common industrial minerals in the world!) then you will know we have had a very good newsflow for last 18 to 24 months and hoping we get a mining permit/s for our CS location in Nevada in Q4 and then onwards to production in early 2020.

Good luck with your decision either way.

Bplan, he is quoting a higher starting rate for Perlite production.
Patrick mentioned 20K previously as startup rate and today he mentioned 25 to 40K tonnes.

Let's assume that we are producing at least some of the super coarse Perlite.
Not unreasonable to assume min $100 per tonne for that (possibly more)
Initial figures 20K per annum would be $2M per year revenue
Every 5K tonne increase on that is another $500K per year revenue.
Hit 40K number then it is $4M per annum revenue
Add 100K Pozz at say $60 or so per tonne (won't be that far off) and you could easily see $10M revenue as startup rate.
Profit margin, no idea truly but 25% would not seem too demanding.

Consider that these are starting numbers and (per the Jan Research note) the expectation is we move to enhance processing facilities after say year 3 with associated increased margins.
Apologies if it sounds rampy but these are figures that either PC has quoted directly or are readily available in SRES docs.

Oh and well done to PC and the team for the hard work - they got plenty more to do now getting the supplementary environmental reports (SERs) in.

Oops sorry SGD27 not sure why I thought that was Sam's post.
Lots to like in the interview. We are continuing to supply samples but very coy on offtake (commercially sensitive). PC suggesting that these cement Companies are interested in knowing when we can be producing - that sounds promising.
I like progress on the Pilot plant testwork and the refinement of costs and that the flowsheet is going well. Patrick was very much only wanting to talk CS and that all our efforts and money being spent on that.
So early 2020 for Production. So long as we have that permit at next years AGM and are close to things getting underway I will be happy.

For Bplan he was saying Pozz would ultimately / eventually reach around a maximum of 500K but the important thing is the 100K initial target.

Well don Min your holding getting impressive.
Now am up to 35M in case you update your list...

In for a penny etc. Just bought 5M more....