Member Info for Justone

Well that was nicely put.

The trouble is that they might want our 30% on the cheap, now they understand what we have found.

If the deal can’t be done at the terms that are acceptable, what is wrong with that? Why is that bad management? Yes we are all disappointed, but it is not the end of the world.

Just put another 5k in, marked as a sell. We just have to be a bit more patient, we have commodity inflation so the assets are increasing by the day. Delays are inevitable investing in this sector.

As the sun is shining, I will be a bit more positive on the interview. No negatives to report that we don’t know, all assets are still in play and increasing in value. Talks are being had, and we just have to wait.

Time frames have moved out, but this to be honest is to be expected. Disappointed that they did not plan for that creating the expectation. All looks positive, not long now.

I don’t find it hard to come up with multiple scenarios as to why PC would want to pull the plug. Samples have gone out to other companies, and we have the test results for proof of concept. The futures bright, yes we have had a setback but not the end of the world. No use moaning about it now, been and gone, let’s see what happens in the next chapter.

Tertiary is a different company. Please list the other failures, and for balance please list the successes. We are all unhappy about the share performance, but ****ging off the MD for not signing up to the JV when we do not know the details, is just plain wrong.

I can see how you may have come to your conclusions on PC, however one failed long winded protracted negotiation involving testing, is not a hanging offence. So I think you are being a little harsh. PC now has to deliver, and I agree pressure should be brought to bear.

All explorers have the same issue, SRES is no different. PC had to follow a path with the negotiations as the CRMC were funding all the trials, the results of which we have ended up with. So all is not lost. Making personal attacks on PC when you are not aware of the detail of the talks, is in my view unfair. It could be that we sell the project, awe just have to wait. PC is heavily invested in this project, we just have to trust his judgement.

The conversations about a JV have been going on for at least 6 months. The deal has to right for both sides, it wasn’t, so disappointing for everyone. We have no idea on the value of the deal, be it good or bad, we just don’t know. We also can’t say we are stuck with a project that nobody is interested in. The SP is rubbish, and depressing for all. It is up to PC to do something about it and start bulling up our projects. The market appears to want our stuff, which fills me full of confidence.

Like all shareholders, I was disappointed in having to pull away. But as the adage goes, no deal is better than a bad deal. PC has spent years on this CS project, has personally invested in buying up shares, and obviously did not think there was a sufficient return to shareholders. PC does not take much out, so we just have to wait and watch the value of our assets increase in value! A deal will be done, it is just a matter of when. In the meantime we have to be patient, I am holding, but can’t buy many more as I would have report. I am confident, but it is frustrating. We also have gold and silver assets, that suddenly got a lot more interesting to potential partners. I am sure we will all be rewarded.

https://www.zerohedge.com/geopolitical/russia-urging-chinas-military-help-ukraine-biden-admin-says-sunday-afternoon-media
Russia wanting Chinese help fake news!

Well it all sounds so much better and investable than coal powered electricity station! Energy park. With every country doing 180 degree turn, and wanting energy security, the odds have just increased that this might happen.

He did not say that, he just said we are in negotiations and did not give any details. Whilst I am disappointed that there is no deal, better to have no deal than a bad deal! We now have to just wait. The assets are not going anywhere, and increasing in value, management costs are minimal. Frustrating yes, but not the end of the world. I wait, having voiced my concerns to PC and offered a suggestion for next time. The risk/reward looks very attractive from where I sit.

A good post comeonsres2. We just have to wait, and if the deal is not to our liking that is the time to moan about PC. In the the meantime enjoy the commodity inflation surge, as it increases our value.

https://www.investing.com/commodities/newcastle-coal-futures Another 10%, surely our coal interests alone are attractive to someone, $440 dollars a tonne. We are sitting on a gold mine! Could LC actually deliver some real value after all this time.

coal up 27% today, surely our coal deposits are worth something! What is going on with these 3 projects I ask, is power generation moving full circle. Maybe LC one day might give us an update.

As you rightly point out there aren’t any calculations to back this up, until you know what the the JV involves. I am just fantasising about the profit that could be generated from a 28 year contract that is backed up by a multinational that uses the product and can fix a JV price. Plus an extension of the resources, to increase the volumes and life of the mine, and this is for the CS site. We then have a new find, and I asked at the AGM if this would preclude us for for doing a new deal with a different company, and it wouldn’t. Plus we have the silver and gold to add on the glitter. So you are right to call me out, but I don’t see it as an impossibility at all. We will see, but I am an optimist, and see the price way north of where we stand at the moment. Commodities are depressed in general, and when the market understands what we are sitting on, we will really move IMHO. Exciting times in a product that the market wants. If there is a war in Ukraine, then any company who has the potential in that sector will respond positively, and the gold/silver might start wagging this dog! You pay your money you make your bet, this is an aim company explorer who is going to the next stage of a being producer, with a guaranteed income stream. So the market will be able to put some value to it. It is all guesswork, reality is today’s price, a company worth 8 million. The market will decide what it is worth in the future. It is a punt, like any share investing in today’s financial system.

I am a bottom feeder and invest in resource stocks that are unloved, and normally involve catching a falling knife over a number of years! I am usually very disappointed that the market does not see what I see, but occasionally a RNS comes out that spells out to the market place how much profit we will be making, the wind catches the sail and it rockets. I think this will be the case with SRES. We own sexy assets, with approvals, and with increasing prospects just on the CS project alone. A long term joint venture with a listed multinational, should light the touch paper, and underpin the plans for all the other projects. If it all comes together in the next blockbuster RNS, when even dividends are mentioned! I would like to think that after the spike we will settle down well above 1p. Now if I wanted to ramp, I could easily say 3p, depending on the detail of the joint venture. We own increasingly valuable assets, that are in increasing demand. The risk reward ratio is fantastic at this level. Not long now.