Member Info for Justone

I did ask about this. PC found the stuff, had it analysed and then called the European distributor to fly over take some samples and analyse it. I think PC said his analysis said it is 85% pure. The European company is private, large and has money. Only 3 areas in the world it is commercially mined, one is in US. So I think they could do a joint funded drill to find out the size, as why else would they go over to have a look. PC would have told them in needs drilling. I pushed him as to whether he felt it was an economic find, gut feel, he said yes but with a caution! Doesn’t oversell stuff! Remember it takes an age to get all the permissions, so exciting, but just adds to our potential.

I attended with two other shareholders. I don’t have the time to go into detail, but left content that not only is my investment safe, and will not suffer dilution, but will give a sizeable return on today’s price. Plenty of time to ask any questions we wanted, and PC answered them within the appropriate restraints. When the deal will be signed was not revealed, but both sides want a deal, and see the urgency. Reading between the lines it is a proper JV based on a long run agreement, so the JV will also supply others in the concrete markets. Possibility of adding in the perlite as well. We are free to do other deals with our other claims. We are at the start of a push into Pozz in general, hence the interest in staking our other claims, so momentum should increase especially if we sign a deal. All very positive really, just have to be patient. First time I have met the board, PC comes across in the flesh exactly as in the podcast. Steady, not excitable, conservative and is very aligned with the shareholders. Costs are kept to a minimum and the company is conservatively run. The deal will get done as it is a win win, with rising prices, but these companies do not move fast, frustrating as it is. COVID has put and us back with the timeline. I hammered home how disappointed we all are in the share price. The problem being the market does not recognise the value. The deal will give visibility of that, and should give us the badly needed rerate. There are other irons in the fire, any one of which may put some icing on the cake. Not long now, soon be there!

Nobody has a clue what the deal will look like. We have some clues in how Pc wants to take the business forward in his end of year report, and I think the deal will evolve around this aim. We don’t have the management structure to be operating a mine in the USA. We just have to trust PC in working out what is the best interest for the shareholders, with him being the biggest shareholder. The deal will never be good enough that is the only thing guaranteed! As we are looking at a JV over a very long period, and PC wants to do new discoveries, I think they will fund all capital costs and operate the mine. This will be for the perlite as well. We are early days for the CRMC company getting into pozz, so they are not going to jump in with both feet. We might get a bit of money in the beginning to fund some exploration and do some drilling, but our money will come monthly with an income stream. I am hoping that PC will use a large part of that regular income to start rewarding shareholders. SRES the dividend payer guaranteed by a multinational, now that should get us a rerate! All guesswork, but as it is taking a long time to do a deal, I think this is positive. A long term JV will be complicated legally. Hopefully by Thursday we will have an RNS. I am off to AGM so will detect the mood if no RNS before.

If you are the CEO and are very comfortable with your assets and don’t have to raise money through a rights issue, you are not bothered that the market doesn’t rate your company. Time will give a verdict. The CEO has to wait for the regulatory approvals, in the meantime we sit on appreciating assets. So we just have to wait . The CEO is aligned with shareholders, and we just have to suck up the dismal share price and average down. I would rather be invested here in an asset rich beaten down resources company, than a tech company with a PE ratio that is on the moon. Our time is coming, with inflation booming. Hopefully we will look back, and wished we had bought more!

The difference between hell and heaven is faith. I have plenty, and believe the deal will move from faith to reality and will assuage the frustration of 16 years in the waiting. I could be wrong, but not long to find out. Good luck everyone.

I am going as well, but with a different attitude. Hopefully there will be something positive to report on the creation of an income stream, and what the directors proposals are to reward the patient shareholders. We are all here to make money, the directors have to explain how they are going to do it, and over what time frame. Sufficient time has been given, dilution has in reality been kept to a minimum, and all being well we will all leave with a clear understanding of how the shareholders are going to be rewarded.

Until the deal details are revealed, save the negativity until we find out. You might be surprised and have to eat humble pie!

I think his communications are OK, he keeps the RNS’s to the material. Half year end of year, a little more detail, such as what you have mentioned. Just a matter of patience.

If it is guesswork for everyone then pray tell us what was wrong with his report for the year released before Christmas. I thought it was comprehensive, and gave a reasonable amount of detail about all our projects. We all await the detail of the value determining CRMC deal, which will not be dribbled out, but be in the form a long term partnership contract. Moan after that comes out, if it does not meet your expectations as to value, in the meantime it is all guesswork.

It is small fry relative to other directors on aim, they are aligned with shareholders by receiving shares. Save your negativity to after the Big RNS, we might all be agreeing with you, but until then it is just guesswork on your part that it is going to be negative.

A few more years of this and the directors will own the majority!

I would agree with you, but we also have the second CRMC coming up on the wings, so it could spur them on for an AGM deadline! All will be revealed in time. Relax at least we are not in invested in tech and seeing the profits fall away!

The mine will still be staffed to do repairs and maintenance for the pumps etc. The closedown was well advertised, could have been worse. That is the bad news out of the way, let’s have the good news in the new year. The Chinese government will do what they want, different approach, and will take the west apart economically with a centralised approach IMHO.

Maybe it is where they are producing it and the low cost of energy, how about that for a positive?

Thanks for sharing, a very positive read, value staring out at us, me thinks. I think I will have some more!

I have also £5280’s worth. Better be a good deal.

I am just pointing out that in the negotiations, the CMRC might waft a bird in the hand analogy, to help the deal go through if PC wants to pay a one off dividend to patient shareholders. I haven’t a clue how PC wants to play it, but it is how you define ‘best’ deal. Short term or long term, if you ask aim investors, they want it now. Nothing helps more with company valuations than cash in the bank, with no more need for capital raises, and a regular guaranteed increasing income being paid out in dividends. Exciting times we will know soon enough.

We know that negotiations are going on, and we have no idea what type of deal we are going to end up with. The market doesn’t think it is going to be worth very much given the current share price. With inflation running at over 6 percent in the USA, commodity prices rising, with the cost of capital at a low. It is in both sides interest to get a deal done that involves some cash on day one. Securing the long term supply agreement for the CMRC and satisfying PC’s credibility, as this deal is the pinnacle of the last 11 years. Maybe it is just me over thinking it, and being too positive! All will be revealed in time, but after the last RNS at least we have a direction of travel. We just have to wait for sign off.

The market is not logical for valuations, it can over shoot and under shoot just as easily. This is PC’s chance to put some value to the company and hopefully the share price. The market is short term, it wants it now, so if the deal is a royalty over 28 years starting in 2024 it will put very little value on it. If however the deal involves cash upfront and a smaller annual royalty, which PC decides to pay out as a one off dividend, then the market will love it. If the last raise was at 0.28 and PC’s average is above today’s figure, then I would hope when news breaks we will multi bag. One does not take the risk of investing in an Aim minnow in the resource sector for the last so many years on a hope not to multi bag. I can’t believe the price is so low, when we should know within the month, the culmination of 11 years or so work. All the blood sweat and tears to get it so far. A willing seller with some leverage and a rich willing ‘must have’ buyer in a sexy commodity. What is not to like, and brings on fantasies? The market however has spoken, and doesn’t see what I see. I might be right or wrong, but this is what gives me a buzz from investing. Good luck all. SRES the pension maker! I hope to attend the AGM travelling first class!

If you read PC’s letter to shareholders it explains a lot. I was wrong about a sale, joint venture at this stage! Very positive about future prospects, maybe we are in at an early stage of the concrete industry moving over to pozz. A real pension maker! The market does not care about the RNS as there are no figures to value it. Hopefully we will get some financial details beforeChristmas.