RE: Looking to buy in7 Dec 2017 10:49
Hi Kels, yes this is reminding me of the old MARL Board. That share was down on it's knees until the HM project.
Personally I trust the management (Patrick) here (I was very disappointed in Mr Parsons in the end) and as Fulmar says they have skin in the game and do not take the proverbial.
For me the Company has clear focus now on CS Project. The Pozzolan and Perlite testing indicates it is the real deal. Prior to finding CS Project our first Pozz location did not meet the necessary quality so was dropped quickly.
What I like is the fact that we have a lot of the product (Intheno posted an estimate here recently) and it needs little processing to be ready to sell. Normally when stuff is mined there is just a small % of what you want in the stuff you process but here it is literally dig, crush, screen, transport. So little Capital outlay as that can be done via Contractor. No I am no mining expert.....
Yesterday's placing is going to be used to do the things that SRES said they would do next in the updated Presentation - it is on the website.
What we hope happens now is one of the Customers we are working with commits to some kind of offtake deal and we will be in Business. This is not like precious metals Project, it can happen far more quickly...
There are plenty more here with way more knowledge on this .....