Member Info for Justone

PC plays by the rules, if negotiations had broken down he would have tell the market. This is what happened last time if you remember. Have a bit of confidence in the assets we own, otherwise just sell up and move on, especially with your prediction of a raise! Just do it rather than just moan.

Tulsa are moving quickly, and that backs up what PC said at the AGM. The trenching is over 2 kilometres! I think Tulsa will want to buy out our 3% royalty if they prove off what they are expecting. Tulsa are a big company, and we are a minnow, anything can happen.

I am happy, because I think that we are sitting on assets that the current market cap does not reflect their value. Simple. Enjoy the ride safetrader, I am. Your constant negativity grates to be honest, and it does not appear to be based on any logic. It is why you attract such a reaction to your posts. Get over it and move on is my advice. The share price is going to do nothing of note until we get the RNS that gives an indication of value. Take a break and give us your pearls when the RNS arrives.

Yes Safetrader, I am an investor and I like the RNS. Would you please tell us in a few words what is not to like? Maybe I am missing something? If you can’t or won’t, please keep quiet as you are rather annoying with your all things negative stance.

Safetrader, the facts I read say otherwise. Just have a bit more patience, and my bet is that you will be eating your words, and it will be you that will be apologetic, if you are man enough to admit it! Until then the wise thing to do is to say nothing, and crow at the end. I am enjoying the build up to the big RNS that gives us sight of the financials involved.

Sorry Sheldrake, I don’t understand what you are saying. I think the assets are worth plenty, and if I was given the opportunity would be very comfortable to keep the company going until the legal agreements are signed.

Going bust Caddy is rather dramatic, I presume it was hyperbole. Our 3 real projects plus our royalty potential on the gold and silver projects are worth something to someone, the only questions are how much. We do not have long to wait, I think it will be a hell of a lot more than our current 4M.

The spread moves out to give us a bit of blue! Market not interested. If trenching results are positive. I would imagine that the 3% royalty would be on the table to be bought out by Tolsa! I would certainly try to entice PC to cash in early, knowing what the 3% over the life of mine was worth.

It is very positive, nice to think we have 3 near term projects, that we are about to find out from the end users side how much they are worth. In the meantime I don’t think the MM’s care, and this news will not move the needle. I hope I am wrong, but this sector is so beaten up.

We must be on the radar, all pointing in one direction. Just reduced my average! I would like to think over a pound, but I am always disappointed with this share, as the fundamentals are so good.

The last cash call was about 7p, the 76% took it up. I don’t think MF wants to go for a raise at these levels, he has a huge amount of egg on his face with timescales. Apart from a very small percentage, everyone is long and strong and is just prepared to wait it out.

3 companies bidding. Come on Condor get the for sale sign up and let’s have a bidding war.

Equity funding could be a possibility, especially if it meant a seat on the board. However I got the impression, from my questions that this was not on the table. The share price is so low, why should they give part of the company away at such low levels if they don’t have to. I would like to believe that with so much potential for the expansion of the resource, the 76% want it all for themselves! I wouldn’t and am just happy to buy at these levels. These along term multi year agreements, as has been stated, takes a lot of time to put together. Especially if there are a number of companies.

My opinion is that the off takers will buy the equipment, with a lease agreement with the company. They will then be entitled to a discount from world prices, which are in USD. The deal will involve a certain amount of upfront cash, to keep the company going until first cash is realised. This will avoid any more dilutions, which is in nobody’s interest. They will tweak the discounts to generate the interest in funding and upfront cash.

Time frames are certainly been extended, but so have the assets that we hold and the selling prices, valued in USD! There is 20% extra just in that, blows away our market cap. We have not had a tail wind within the country, which will have caused delays. We just have to wait, as I am sure our assets are doing the talking, the board appeared Uber confident, for what it is worth.

Shareholder Analysis

Total Number Of Shares in Issue

189,103,432

Key Information

Country of incorporation: UK
Country of operation: Sri Lanka
Total issued share capital: 189,103,432
Percentage issued share capital not in public hands: 76.8%

Significant Shareholders

As of 23 September 2022, the following were registered as being interested in 3% or more of the Company’s ordinary share capital:

Name Number of Ordinary Shares % of Issued Capital
Brent Holdings Limited 24,793,095 13.11%
Roman Resource Management Pty Ltd 14,423,869 7.63%
Stanton Investments Ltd 12,678,820 6.70%
KL Kepong International Limited 11,197,984 5.92%
Chulu Holding Pty Ltd 8,093,048 4.27%
Bart Properties Pty Ltd ATF
The Scott *****
Family Trust 5,496,409 2.91%

My reading of him is that he wants it signed sealed and delivered. He is not going to be pushed to titillate the market with its desire for information, when he has 76% of loyal shareholders who are prepared to wait for as long as it takes. In the meantime the share price suffers, but it is a buying opportunity for the perverse! Relax it will come, was the impression I got at the AGM.

I don’t remember that being mentioned. The concentration was on the off take agreements. These might determine what gets drilled next, depending on the type of deal. I was just glad to hear that the financial size of the off takers were of sufficient size not to preclude any type of deal.

The focus Is not shifting, there is just some worthy news to report that is worth reporting. The time frame for getting a value on the Hazen project has now got shorter. Both projects are firmly in play, ready for some associated valuations. We wait patiently.

It is good to go onto the website and remind ourselves of the projects we have. It is not hard to think of the type of deals for CS and Hazen that will create significant value to SRES, way above our current 5m market cap. Then we have all the other projects on top.