Member Info for Justone

Safe, I thought you were stepping back from your negative projections? If Tolsa were not going to proceed, logic would say that they would inform PC and PC would have informed the market. No news is not bad news IMHO. Tolsa are an independent company, they will negotiate for their shareholders, and they certainly won’t be paying $1.4m before they really have to. I would imagine they will also want to try to do a deal on the 3% royalty, now they have done their drilling and trenching they will have an idea of how much it is worth! Have a good Christmas all SRES shareholders, let’s hope 2025 is a truly transformational year for shareholders. 2024 couldn’t have been worse, and a lot of aim stocks!

at that time i am sure pc thought it was going to be transformational, that’s why he said it, as he knew the size of the deal and the information coming out from the customer with regard to testing and time scales were very positive. pc informed the market, and this optimism permeated into expectation, that created a false market. the potential customer backed off, and we have been playing catch up with confidence levels ever since. i take the view that **** sometimes happens, and that pc is not personally to blame. i am sure he will have learnt, not to give any subjective opinions in the future! i look forward to 2025 with confidence, it might be a bumpy road, but we have some great assets which over time will give us a return way beyond today’s share price imho.

Thank you Safe, the same to you. We are all worn out by the delays and depressed share price. Let’s hope that 2025 is our year, and we can have different discussions when there is money in the bank, and the debate can be about how long suffering shareholders are going to be rewarded. I have great faith in our assets, and trust that PC will do the best for shareholders.

Why spend so much energy being so negative when you have no clue what is going on? It is if you are wanting Tolsa to walk away, just so it backs up your negativity on PC, not logical. This is a business deal, and both sides will use whatever tactics they feel appropriate for their company, weighing up the pluses and minuses. Having a shareholders moaning on a chat forum, is not going to change anything. Take a step back, look in the mirror and consider what you are doing to yourself. We will receive an RNS soon enough, PC is well aware of our contract with Tolsa and market conditions. Just enjoy the Christmas period is my advice.

Dear me Safetrader1, I would just allow time to play out, rather than becoming so personal. Just relax in the assets that we own, remember we are all on the same side. If Tolsa don’t play ball this time, PC has other options. It is not always black or white, and last year PC did a good job with his compromise IMHO.

1Wager-the RNS is clear, the company who has taken the 20 tons bulk sample is looking to add it to their cementitious material range. I don’t believe Tolsa are in this market. Tolsa had an extension last year so they could do the trenching and prove up the resource, and as a result staked a bigger area. The extension has been done, it is now pay up or loose all the money that they have spent on the project and give it to a competitor. We are strong sellers and Tolsa will leave it to the 28th, why wouldn’t they. I am sure the agent who is going to get 10% on completion and used to work for Tolsa will be on the case, and also talking to other third parties who would be interested!

Safetrader1- if we get a deal on CS project in 2025, would Lovejoy 23 still be naive? I presume you are invested here? I just can’t understand your level of negativity on your investment, when we are seeing continual progress. How are you going to respond when PC starts getting the deals over the line when you have invested so much personal capital being personal and negative? Something to contemplate for your own wellbeing.

We also have the northeast zone, 40meters deep 1.3 km x0.6km It only takes one partner, and then will see what value is put on the project. I think it will be x millions on signing then a royalty. The diatomite was $5’s a ton, it wouldn’t be as high as that would it? Anyone want to speculate? The potential here is why we are all invested. I think it will be worth the wait. Patience as ever.

Todays RNS is positive in respect the lab work proved successful and they wanted then to test a commercial sample. It ratchets up the pressure on those companies circling.

I take a different view Dip666 on PC ‘s performance. Timing is everything in business, and I think it is far too early for so much negativity. Yes PC did create an expectation on time frame with the CS prospect, as that came from the customer, it just didn’t materialise. The cement market has moved in our favour for the last few years, being very conservative in nature. This might be to our advantage and we might still get the timing right with our very large resource. The market doesn’t like delays, and we are currently paying the price. One RNS can change sentiment instantly. Here’s hoping!

I think Tolsa will leave it to the very last minute.

A successful completion of the deal will hopefully change the forum’s mood. I think the deal will be done, last minute of course, but I have no clue how the share price will react. We are so beaten up, with so much negativity, that it is hard to contemplate what the increase in share price will be. Does anyone want to tempt fate, and have bragging rights?

Tolsa have a track record of leaving it to the last minute, they did it last year. They will know the financial position of SRES, and know PC would want to announce early, essential information if you are looking to change the contract! They will have an idea what the 3% royalty is worth to them over the 25 years, 3% of selling price! The contract was set up before they knew what volume and quality was going to be established by their drilling and trenching, so at that stage were not that bothered, it was just a relatively cheap opportunity for them to explore. Subsequently they were so interested in what they found they pegged a further area, of which we also get a royalty. Commercial Sepiolite mines are very rare, and by the sound of it we have found a new one.

So personally I am not surprised it goes to the wire. We have the ace, as we have a contract, and I hope PC plays hard ball if they try to renegotiate.

Https://www.sunriseresourcesplc.com/pioche-sepiolite-project

To remind investors about the Tolsa deal, and what we are selling. They have to make the decision within the next 20 days. I am sure it will happen, but given last year’s last minute re-negotiation, I expect them to try to do the same this year. They have certainly put enough money into the project to prove it off, the only thing we don’t know is the quality of the find. We also have a 3% royalty for the next 25 years, i wonder if they are trying to negotiate that away, after drilling and trenching the find. It will be nice get confirmation it is over the line.

I am not quite so pessimistic 1wager, if the Tolsa deal does not go through. The drilling , trenching, volume and quality estimates have been done for the sepiolite, it does have value, and the selling agent knows who will be interested in it. We will have a short term funding gap, I agree, but it is no way lights out! PC could renegotiate the contract. Tolsa do want that resource, as I gather there are only 3 commercial reserves in the world. They would not want a competitor getting hold of it. No benefit in Tolsa not pushing this to the deadline, and the market thinks it is not happening.

We are in the industrial minerals sector, so it does take an age to commercialise finds. Patience when you see your investment slowly going down the plug hole, takes resolve, and everyone is in a different situation. I have believed in the assets and have bought regularly on the way down, from 8 years ago. I am a bottom feeder, and this share has really tested my confidence and understanding of what the bottom means! I believe we are close to having a material change, and a reversal. We are nearly there! The mood will then change on this forum, we will all breathe a sigh of relief, clap each other on the back for sticking with it through the pain. We might be able to say, well done PC! We will be able to attract new shareholders with the generating royalty income, and a positive forum. I don’t think I am living in fantasy land, only time will tell. We all need a bit more patience, on the Christmas wish list.

This was a company on the scene before Tolsa, is my understanding. They are very large, and it fell through previously due to a change of staff. The individual who was heading the deal, left that role. This is where the shareholder and PC’s frustrations come from, as that individual was giving the company timeframes. Which as we know failed to materialise, which have created a chat room full of negatives. They now want to re engage, having done a lot of the work. 4 companies seriously interested, we only need one to dance with, the others create the competition. Patience as ever.

Safetrader1- I think you are being excessively negative, and are becoming increasingly personal, step back is my advice. The companies we are talking to are large, they have their own strategy and that will be determined by the market and the personnel at the top. Personnel change and so does strategy, and we hear that one who was interested is now coming back into talks. This could be a generational length of a deal, and they will want to conduct as much testing as necessary. It is not for us to determine what is enough testing. The market is moving in our direction for our product. The aim market has no patience and it is painful for us all. I would avoid making it personal, it hardly encourages new investors.

Well we have an update. I don’t understand the negative, except that a deal has not been signed! PC is confident that a deal will be signed, and we have confirmation that we are selling a top quality product, which means a premium price. All 4 different parties will have an idea of what we are looking for, and are still continuing to test, all very logical. PC is looking for the best long term deal with shareholders, and this involve complex negotiations, and will be different according to the potential purchasers needs. Hopefully we can create a bit of competition. These are big companies who will have their own agenda, but will have the ability to pay! The market is moving in our direction, we just have to be patient.

It all sounds very logical. The 3 funding partners are back talking, no dilution for the 20million required for the machinery, and pay back in a year. The only negative mineral prices were softer, but plenty of profit in it for us as we have such high percentages. Hopefully prices will have hardened by the time we are mining. All heading in the right direction.

Sorry Terrafin, you are correct it was the RNS before, but the message was positive.

Terrafin-releasing an RNS is hardly hiding I would suggest. The last RNS was very positive, and shows the potential royalties to be earned, generated zero interest. I think the market is just waiting for Tolsa, and the nervous ones are selling. The CS project will come into view in January. Patience as ever, and all of us are licking our wounds, with PC having the deepest ones!