Member Info for fulmar29

I totally agree Mr Surfer and I have thought for a long time here that TYM and SRES fortunes may be one day in some way be entwined.Sharing,facilities,customer information and expertise is invaluable in the short term.

I'll leave the filter on just in case.

openly talking about multiple moz on Misisi (VC 5-10moz and NVS "WELL NORTH" of 2moz) this sp will EVENTUALLY reflect the value of the deposit,probably through a sale .. With worldwide sales of 1moz au finds( with potential) achieving +$110m,this is showing the potential of multiples of that .Even with a huge discount for the DRC factor,the sale price of just Misisi will put estimates of 5p in the shade. When--now that's the question !

at the christmas party?

May is the deadline for casa shareholders to accept the offer so I don't think we will get slovakian news until after that and then its "game on"

seems like if Kirkland gets the go ahead we should probably have an easy run.

Thanks Sam I'm signing you up for the Environmental and Local impact assessment statement.

Thanks for the links DelG interesting,but worrying !but at least we will have someone breaking the ice before us,and maybe make it smoother for us.The newspaper comments on carcinogens worries me if there is any merit in the claim !

capex would have a recovery period of less than 6 mths.I cannot believe i can see any share sales at all!

I have no worries here at all,I don't do personal holdings on boards but I do hold a significant amount,but if we added together all of the shares you have previously mentioned then added mine and doubled it we would be nowhere near stopping a hostile T/O for SRES Hopefully we will all see 2019 with SRES but as I say we are merely interested observers with fingers in the pie and crossed GLA

JJ I'm not trying to set anything racing (just healthy debate) I would also like to see 2019 with SRES.All I am saying is what I would do if I were the CEO of a potential competitor,faced with a UK minnow who could affect my profits Either way,SRES shareholders will IMO achieve multiples of SP it just depends on timelines of how many multiples are achieved .the bottom line is we have a significant proven resource,and an existing markets that are growing in size and value. win/win/win But minnows sometimes don't get to dictate GLA

I hope you are right ,but if we are a threat to their profits,they will see it as good business to take out a potential "tiny" fly in the ointment

Bumbling,I also would like to mine the resource and achieve much better value long term,but we may have absolutely no choice if it were a hostile T/O

I the dyslexic Pzifer were to want MED 2000 (which would make sense) then it would be a lot cheaper for them to T/O the whole of FUM.Keep the existing personnel and strip the other assets via a sale or MBO.

Duster,I have as you nearly say "no certainty of your competence"there is at least 1 comment in your post that shows you have absolutely no clue about this company at all..read RNSs and BOD profiles and you will see exactly what their experience is and what and how they pay themselves.

The main problem with the T/O possibility is if I were a mining major in the US looking to protect my market with the least expenditure poss.i would take out the whole of SRES and strip the other assets/permits to regain some of the outlay.So we may not see anything like full value for CS.But a short term rise while any suitor might be buying in to make a move that cannot be defended.All supposition I know,but a logical possibility .If the miners in these sectors are cash rich ?

I see this as probable because the existing US miners/ suppliers will not let a tiny "limey" outfit muscle in on their market and customers.We are sitting on a low cost shallow deposit with which would we could be competitive on price.If we were to be taken out they will maintain their pricing as well as acquiring a low cost mining resource therefore the payback is twofold for our purchaser.

just checked and you are right so they have nearly done the 3k ft.So wheres the plant going ? no where near any of the reported drills ,unless there are a few unreported drills ideal for plant.next news may be resource estimate or MOA. Longterm investment for me as well but when some commercial figures are put to this site it will "blossom" or will we get an offer we cant refuse ?

less than a third of the total announced (3000m) and originally we were drilling to work out where to put processing plant. and" to better define the zones of commercial interest and assist in the preparation of mine plans for permitting"well the step out hole in the north east has just said "look elsewhere".Great results just 1.5m deep ,this will give returns as soon as we start mining.

mms letting it drift slightly higher (to encourage sells) after knocking it down recently.same old rubbish.