Member Info for Dubliner

Hopefully you are correct Shamtown. Perhaps cohort one can continue treatment using the higher dose. Would love the opportunity of asking AS questions around the detail!

Mostly good but does bellow suggest DE not started yet when we had hoped folks were getting the higher dose;

Post-period end the Company announced that the Phase I trial of AVA6000 pro-doxorubicin had advanced to the next dose cohort following a positive review of the safety data from the dosing of the first cohort by Avacta's Safety Data Monitoring Committee ('SDMC'), which comprises the clinicians currently recruiting patients. Following this review, the SDMC recommended that the clinical trial continued as planned and escalates to the next dose of AVA6000 at 120mg/m2.

ClaireM, nice to see some support wrt the uncalled for negative comments I have had from this poster. In all the years I have been here folks have pretty much been civil barring the odd joust with Safetrader!

I normally do filter posters who, for example, deramp one of my shares but if I am getting criticised personally I want to know about it.
On a more positive note yes wouldn’t it be great if we got news soon. As to how the SP reacts that will be down to the terms of the deal itself. Cash up front and firm offtake numbers all will be seen positively I believe.
All the best….

rodster, ah so you cranking up the insults.
Your post reads like something a five year old wrote and you have the nerve to say my posts are like pish. It took you several days to respond so thought you could have at least strung together some legible sentences.

Sheldrake, the esteemed poster SGD37 did a very detailed study based on Kirkland and their deal with Boral and recall he got ball park of a penny. I have no doubt higher numbers could be calculated even based on initial 100k tons per annum. Your numbers could be correct of course; time will tell.

rodster, you must realize in the last 12 or more months there has been very little to analyze RNS wise. Most here have complained about the slowness in news-flow.
Just because I have a reduced holding I don't suddenly want SRES to fail nor am I looking to repurchase. I am absolutely hoping we do sign a JV with the CRMC.
You seemed to take offense because I and several posters had modest price targets in the event of a JV. I said I thought we would do well to get to 1p; that is a circa 4 bagger from here. Time will tell though and if we go higher great but I prefer realistic targets.
By the way your posts are really hard to decipher so you might want to read them before pressing Post Message....

Safe - just to clarify I was referencing a comment from rodster who suggested that you 'need to get behind PC to get the SP'.
My view is investors can hold whatever view they want on their investments but preferably not getting too personal with any criticism.
Nice to see the SP slowly waking up!

rodster, your sly dig noted and dismissed as your usual twaddle.
Perhaps you could explain if you think I am too supportive or PC or not supportive enough?

You ask Safe to get behind PC at the same time as saying he is spot on for being critical; it makes no sense whatsoever.

Losesalot; "So it was buried in the audited results and you wonder why the SP didn’t move ffs"
Hardly buried, it was mentioned on page 1 (yes the first page) under New Growth Opportunities, then further info given in the Chairman's statement.
Good luck to you

And to add to SGD27's point, when the info was announced in the Results RNS the SP did not react so don't think there is anything to see here as the saying goes.
What is a little more interesting is someone paid .21p for 2M shares a little earlier. I have been getting NT for dummy buys in last day or two with my HL account so seems to be some interest.
GLA

Nice post comeonsres2, am sure most welcome you back as I do.
Life is too short eh, as you say let’s see what this year brings.

Thanks from me too tottyman and justone; sounds hopeful.
Safe trip home however far your journeys are...

It is 17 months since we raised the £1M through Broker placing and broker option (we could participate in part of the raise).
The raise was at .28p per share and folks will recall it dragged our SP down from close to .40p at that time and has declined to where we are now.
It has funded day to day expenses, trial mining and some drilling in the US and Australia.
The drilling has been somewhat underwhelming based on the lack of anyone stepping forward to JV with us on those PM assets; at least thus far.
The last 6 months on many AIM stocks has been tough and perhaps we have fared better than some.
Things hang in the balance right now, if we get a great deal with the CRMC all will be forgotten and the SP should react positively. If we don't then not sure where we go from there.
I won't be voting against anything, after all this time I am willing to let my reduced investment here just run; **** or bust.
As Ice said recently not posted much recently here as what is there to say; very few RNSs to analyse and comment on.
I do hope that Patrick can inject some optimism to those who attend the AGM.
I would have more confidence if I saw PC exercise that large chunk of warrants he was allocated by the Remuneration committee. If I can ask Totty or Justone who said they are attending to perhaps ask PC if there is any technical reason that he cannot exercise those warrants (yes I know some are conditional on commencement of mining but there is a chunk that is not).
GLA

Fair play to you Totty, look forward to hearing what happens.

Totty, are you planning to go to the AGM?
I won’t be able to go as helping my Dad who came out of hospital yesterday and going to need quite a lot of help for some time.
Hoping at least one or two folks here can go…

I guess they will need to keep $5M for contingencies and the rest for CS - happy days!

Justone, the market does not know how to value this and even us shareholders are guessing to a degree what the deal will look like. The CRMC will be getting access to a Pozz deposit that they want that is permitted for circa 17M tonnes but with a NE zone that is likely half as large again so prospectively >20M tonnes at CS.

We have the permitted deposit, they have the grinding facility, the transport, the manpower, money etc.
So my guess is we will be the unequal partner but it still can be very lucrative.
This is a JV so the CRMC (relative to their worth) will be getting this 'access' at a fairly low upfront cost versus say buying us.

What we will want is them to fund the mine setup and the reclamation deposit for stage 1 (we only paid for the trial mining phase stage so far). Total guesswork but this will be only a small number of millions of dollars because for Pozz intially we only need minimal infrastructure onsite.
We will want them to commit to offtaking Pozz for n number of years at a particular minima tonnage.
We will want some funds for us to pay G&A until the money starts rolling in.
We will want a percentage of all CS processed Pozz sales.
The numbers for these things are very much guesswork.
Be interested to hear what others here think on this.

Other questions in my mind;
1. If the other customer testing our Pozz also wants to buy will the CRMC want to supply them or will they want exclusive access.
2. What do the CRMC want to do with the Perlite.
Going to be interesting, are any folks planning to attend the AGM?

Totty, yes I saw that and it is potentially very interesting.
Firstly this is nothing to do with CS, it is in a different location as per this from the RNS;

"In a separate development the Company, whilst researching pozzolan opportunities, has identified an
opportunity for the rare industrial mineral sepiolite near Pioche in Nevada. Sepiolite is a clay used as a
viscosity modifier in a number of industrial materials, as well as an absorbent. Claims have been staked
and positive initial tests by a European industrial minerals producer led to a successful joint field
evaluation last week"

A bit of info on Pioche I just googled;
"Pioche is an unincorporated town in Lincoln County, Nevada, United States, approximately 180 miles (290 km) northeast of Las Vegas"

Those who have had involvement with TYM know that PC (and in particular Richard Clemmey who left TYM for a new role elsewhere have connections with a large European Company who were interested in Fluorspar which has not progressed due permit issues (Sweden) and quality issues (US deposit). So perhaps PC was approached to look for this particular mineral by the European Company. If they already looked at a sample PC must have had someone look at this prior to this trip and they must like what they saw as I guess the joint field evaluation last week was with a rep from this Company.

All a bit two and two equals five I know but it is interesting I agree as is the new Pozz deposit in North Nevada
DYOR and a message to Aviator on the ADVFN board, GAFY (you can work that one out).

Hi SGD, as you know my 'favourite' bet for the CRMC has always been Cemex who are a pretty big fish and defo can be classed as an International player. A quick google for Cemex management team and I find any number of folks with the title of President including a Mr Muguiro who is President of Cemex USA;
https://www.cemex.com/investors/corporate-governance/management-team#navigate

Looking at another link below you can see a number of locations in Nevada including one in Reno;
https://www.cemexusa.com/find-your-location

Hope this helps.
Of course this is a pure guess on my side with no inside info and I might be miles wide of the mark etc.
Should our CRMC be of this stature and we can tie up a long term deal then of course we will be in clover so to speak!

I have suggested for some time it would more likely be JV than an outright sale and today's RNS confirms this.
I have skimmed the RNS and note our cash position at end Sept is £371K at Group level. I posted on 12th Nov that my best guess was a range of £300-400K so has come in at the higher end of that.
We probably have enough cash for something in order of 6 months as of end Sept.
So the devil is in the detail now, it is great that the CRMC want to do the deal but my hope is there is some up front funding for us otherwise we will need to raise funds sometime next year.
As others said without hard figures in the RNS the SP is not likely to take off just yet but hopefully will do if Patrick can agree favourable terms.
In summary great news for holders but a bit more patience is required.