The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
If you click on below link (if not blocked) you will see the 'Poolbeg Towers' which feature on Damo's Almighty Love album.
Am an ORPH / POLB holder and as it goes love yer mans music. Hope the SP busts outta here!
https://www.youtube.com/watch?v=mlbIxFZQGI4&list=PLiDOfotLIFbi5DSOV9UERkfwpSElSBgCV
An unexpected bonus today and ought to make it easier to find a partner to take Bakers forward.
More importantly perhaps our 'luck' is turning and it will be onwards and upwards from here.
For any prospective new investors looking in here due to the RNS today.
The existing SRES holders are mostly not here for our Precious Metals projects but our Nevada based Industrial mineral project called CS (Crow Springs). We are working with an International Cement and Ready Mixed Company (CRMC) and they have been testing our Pozzolan now for some time and we are closing in, we believe, on a formal deal with this CRMC.
Our Pozzolan is proving to be a brilliant replacement for a % of Portland cement in concrete mixes and the latest testing indicates the concrete is much stronger when our Pozzolan is in the mix. Pozzolan is a green product that replaces traditional Fly Ash which is becoming scarce due to the closure of coal fired power stations in the US and around the world.
It could be the CRMC will buy our Project or alternatively (and as suggested via RNS) collaborate with us on some kind of Joint Venture where they fund the small amount of Capital to get the mine up and running. We would then start supplying them with Pozzolan for use in their cement and concrete mixes and share the profits which should be very lucrative. We believe our project is very valuable to the cement industry and recommend folks review the presentation and slide deck on the below URL;
https://www.sunriseresourcesplc.com/presentations
Hocus, thanks for posting. That video was informative and have to say it does reinforce how important our Pozz is when you see how much cost and effort there is in making cement.
Our timing could not have been better what with the fly ash shortages, Biden’s infrastructure spend and we are sitting with our quality permitted CS deposit ready to sign the dotted line.
PC is based in Macclesfield so hoping he has a smile like a Cheshire Cat soon enough!
Sorry folks but one further observation. I was a little surprised at the subtle playing down of Perlite in the recent RNS. See these couple of references;
“Whilst development of the perlite for uses other than for natural pozzolan is the smaller of the two business opportunities at the CS Project etc”
“The Company has been waiting on the results of all trials before committing to process the 200-ton bulk sample and so this work can now be scheduled”
**Note, I find it a smidge odd that we would wait until the last Customer responded before planning to process the 200 ton bulk sample. It is not an approach that reduces timelines**
Also in today’s Proactive interview around 40 seconds PC mentions the Perlite as being the ‘lesser of the two Business opportunities’. I don’t remember him using such language in the past.
I just wonder if the CRMC has no interest in Perlite and would simply prefer to just use the Perlite as a natural Pozzolan. By delaying the Perlite processing up to this point PC can see which way the CRMC want to play this. He could not for example have signed offtakes for Perlite if the CRMC has no interest in it; e.g. should they want to buy the lot.
Certainly just processing everything at CS as a Pozzolan makes life really easy in many ways. There is no need for folks onsite to run crushers and screeners for example. Given the CRMC has a large Pozz demand and a free large grinding facility the setup at CS itself could then be very straightforward (minimal infrastructure) and hence much cheaper. It is just a case of dig and transport to the grinding facility.
These are just random thoughts so folks don’t need to comment; am sure all will be revealed soon enough…
Thanks for flagging that Dip.
The key part for me was his suggestion that the CRMC are coming to the end of their due diligence with these recent concrete pours. I guess they might wait for the 28 day concrete strength numbers but it seems to me at least that we might hear something ‘soon’ and am thinking September timescale very possible.
Hopefully travel to US will open up soon so things are coming together at last.
GLA
Treestump, bit of advice. Don't just compare share price look at shares in issue when comparing Company valuations. Multiply shares in issue by share price and you get the important figure which is market capitalisation (MCAP). In round numbers SRES MCAP is £9M and TYM is £3M so we are valued three times the value of TYM.
Blast, I too missed the detailed information; not the first time I have failed to scroll down the page!!
So I stand corrected we do have further info here on the Perlite and the strength test info (flagged by comeonsres2) in the detail is bloody impressive by any standards.
Great to see the SP perk up and well deserved for patient holders here.
Fingers crossed and GLA
Hi comeonsres2, yes fully agree and a tick up from me.
This is a nice progress statement, as we suspected things are moving along but the CRMC have their own pace. We don’t know how large these two pours are but if they are exceeding expectations strength wise it just proves our Pozz is good quality; mineral exports would be delighted! Plus new customer interest too.
Also good feedback on the Perlite but would have liked a bit more info on what is next there.
Giving how some of my other stocks are doing (not great) very happy with this update.
All the best.
Hi SGD,
I had another read and see how you made your calculations and they seem reasonable to me; thanks again for taking the trouble to put your head above the parapet. I guess the key thing is whether we can strike a better deal than the Kirkland folks did.
Looking at other comments. I think folks need to remember the Pozz is the main driver of the valuation here given we have 17M tonnes of Pozz and a little over 1M tonnes of Perlite if I recall correctly. The quoted Perlite price of $850 per ton is for expanded Perlite and we don’t even have a mine yet let alone fractional size processing and expansion capabilities or market/customers. I also think that value of our other assets right now is pretty minimal as can be seen buy the price we got for the 2 recent license sales to POW.
When selling anything (e.g. house, car etc) the ideal scenario is to have multiple interested parties and that way the competition can drive the price up. What we don’t know is where the first Pozz tester (a Cement Company) is at in terms of interest; all PC said in that presentation is that we are still talking to them. If the CRMC is currently the only interested party here for our Pozz then really they are going to dictate if they buy CS or simply offtake. If we tried to dictate they ‘might’ walk away and then who do we deal with! I don’t personally think there are multiples of potential customers that are within reasonable range of the CS location and who have the volume demands that we need to make the calculations (500-600K tonnes per year) folks are doing realistic.
I do though very much remain hopeful the CRMC are progressing the testing and are in the process of negotiating some kind of deal with us.
GLA, back to the footy…
Hi SGD, appreciate you going to the trouble to do all that number crunching. I am in the midst of stacking logs for the winter and doing other stuff so need more than my cursory first pass read before I comment.. Maybe will get time tomorrow.
Thanks once again...
Nice to see the debate this morning . If 1investor and comeonsres end up being correct SP wise then I will be happier than a pig in muck. It does beg the question comeonsres as to why you are so negative / impatient if you think we will end up at that kind of SP level; heck I would wait quite a long time for that outcome.
I am in the 1p camp and hoping I am way wide of the mark. Priority one is not to lose money so hoping for good news to come at some point. Looking forward to SGDs weekends musings...
Yip pretty much agree with your list Bazza.
Option 2 could even be something more formal like a JV.
Not sure option two should be that tricky. An offtaker who provided funding (likely the CRMC for Pozz) is the priority and any other offtakers (Perlite) get their product when we are ready.
Watching recent developments at HE1 and SO4 am guessing they would take news delays rather than the huge SP drops. This investing business is not easy!
totty, US folks can travel here now if double jabbed but still restrictions travelling from UK to US;
"It is not possible for most British nationals to enter the USA if they have been in the UK, Ireland, Schengen zone, Iran, Brazil, China, South Africa or India within the previous 14 days. Those arriving from outside these areas will need to get a visa or an Electronic System for Travel Authorisation (ESTA) visa waiver to enter or transit the USA as a visitor. You should consult the US State Department website to determine which you will need"
Hopefully things should open up soon and then PC can go and do the deal!!
SGD, good info and thanks for research. Particularly good to see cement increase given (as you say) correlation with Pozz price.
Some pretty good posts today (Dip and Daddy) and interesting to see Ghengis here as was one of the good guys on HUR - albeit that investment turned into a crock of you know what.