Member Info for Justone

Tolsa have until the 28 of December, last year they were very late in making decisions. Is that the Spanish way? I would expect the same this year, I am sure PC is on the case, but we are totally dependent on the contract and Tolsa. If it was going to be negative, there would be no reason to leave the decision to the last minute, is my logic. PC would then have had to tell us. No news is not bad news IMHO.

A good RNS today, it was worth waiting for. It is good that we are working with companies that know how to separate, and what the market actually requires. Income will start to roll in 2026, we just have to be patient, but all moving in the right direction. There is also great potential for upside. They also don’t expect to have to do a raise, thank goodness.

You must be wrong, even though your logic looks right! The unknown is the depth, it could be deeper!! They are doing their mining plan, and are keen to start mining, so we are looking at an income stream in 2025 for this project. Our current market cap is £2 million, with the potential of a million in cash coming in the next 4 weeks. This time next year we might be kicking ourselves! All being well. Patience as ever.

PC is well aware of shareholders desire for information. He plays with a very straight bat, he has told us that if there is something negative then he would tell us. I think he regrets trying to give us an indication of a time frame with the CS project, as third parties have dictated the speed of the process, with due diligence and testing delays, and new people expressing interest. All we know is that there are a number of companies looking at the CS project, which might or might not include Hazen. So I would imagine the deals are quite complex. We can rest easy as the market is moving in our direction, so when not if, is my optimistic view. In the meantime Tolsa have to make a decision in the next 4 weeks. If they don’t take it, the agent is confident it can be sold on to one of Tolsa’s competitors! With the work done as far as indications as to volume and quality by Tolsa. Whatever happens there is some value there. One of the uses for sepiolite is for the drilling industry, so Trump and his drill baby drill, comes to mind! I would find it very odd if they would not take it on. At todays market cap, we have much potential.

Https://x.com/sunriseplc/status/1862140946143457476

To me, that looks to be a large area of potential, at $6’s a ton royalty! Any resident geologist would like to hazard a guess at the size of this potential? This by the sound of it is going to be a revenue earner in 2025. Tolsa has to make a decision in the next 4 weeks. CS project will land whenever, no news means talks still ongoing. Things are looking promising, except for the share price. Patience as ever with SRES.

With your knowledge and experience 1investor I obviously don’t. I am however very happy to accept the RNS, and wait for better days. I just hope you can get over your frustrations. We just see things differently.

Than you for the work that you have put in 1investor, and I can understand your position. As a pragmatist however, what will happen to the company now depends purely on the drilling results. The share price will be determined by the results, and the anticipation of an offer, which is now mainly outside the influence of the CEO. I am personally happy to leave it to the discretion of the professional NED’s, and leave them with some flexibility. The value is not huge, it is capped, the boundaries are outlined, and hope that he continues to take shares. So for me it is not a big issue, and am a buyer at these levels. We can just pray for good results, and everything else will follow. We might even get three good hits, and we will be laughing. In relative terms not long to wait. Good luck to all.

SeisNav- you could be right about the placing shares being sold down, but at this level they would be underwater. We are all invested for the potential, odd that they would want to sell, as it is still at potential stage, could be boredom! Patience is definitely a virtue.

I can see that you are frustrated, we all are with the low valuation that the market puts on our ‘potential’. We are however where we are, and personally have to live with our depressing investment decision. I just ask that you stand back and take in the bigger picture. For me, a retrospective to catch up is no big issue, as I am invested for the potential. I believe the potential has improved greatly over the year, however the share price hasn’t responded as I would have expected! The market however is always right until it isn’t, and then in hindsight it will appear obvious! Value will be created if we get an offer for one of the projects and this will depend on the drill bit results, resulting in a higher share price. What would you determine to be the tangible future performance indicators, for a company such as ours? As you would like them listed and voted upon by shareholders. We may be able to take it up with the NED’s so they have it all covered when making the decision. I might go to the AGM to bring it up. I don’t think I am particularly naive, I am however pragmatic, and a big risk taker!

It all boils down to trust. It is not necessary that shareholders need to know the nitty gritty of the CEO’s bonus agreement IMHO, leave it to the NED’s. The share price is in the doldrums, as all the projects are in the potential stage, no wealth has been created. All the shareholders are fed up with their investment, creating dissatisfaction. The CEO is not on big money, and a drilling hit will dwarf the current share price. So we are not talking about big money here, and if we get a big hit, then we will all be happy and PC deserves his bonus. I am very optimistic, and think that 2025 will be transformational. I am pleased that the CEO has a bonus system, as it is perfectly normal with a PLC, it bodes well IMHO. We just need to relax, and be as patient as usual. We are playing with some big partners, and the odds are looking good with the ground that we are drilling. If we have a hit, then I think they will want to swallow us up.

Safe- No new is just no news, doesn’t mean nothing is happening or the delay is negative. We just have to wait.

Could it be that PC is in the same boat as us, waiting for news? It is not easy controlling the time frames and agendas of third parties. We only have one firm deadline and that is back end of December for Tolsa. I am comfortable in just waiting it out. PC is just a cog in the bigger wheel. He is the biggest shareholder after all, and I am sure he wants the best deals for our assets, even though it might not be to everyone’s timeframe. He is in the market and doing the deals, and will be trying to push things along. Relax, as your frustrations are palpable, and are hopefully our patience will be rewarded at some stage!

PC does not want dilution, that I can tell you, and neither do any of us. Tolsa is less than 3 months away, to hire a rig and start drilling on the back of a fund raise is not logical. A positive RNS treated with disregard, and not a single buy, tells a story about where SRES stands with shareholders. For me it is another brick in the wall. Good luck shareholders, let’s hope the next RNS gives some financial figures as to what some of our assets are financially worth.

Having met PC a number of times, I am more than happy to financially back my judgement. Patience as ever is required.

A very positive RNS, plenty of ‘potential’, PC tries to set the scene as to the size of that potential. Well worth drilling, and will be funded I presume by the Tolsa money, when it comes in! In the meantime we wait patiently for financial news on our other projects. I readily admit that it is hard to be patient, when the share price as it is. Personally I think we have just started the upturn of the multi year commodity super cycle, and we will all be well rewarded for our patience. Gold is hitting record prices, and interest will start returning to the commodity sector, and we have loads of potential. Not long now!

My reading is that he knows it is on. I also think he has some opportunities up his sleeve, that he going to announce after funding. He looked supremely confident.

Well CM, I am bullish as you are about our future. We own some great assets, and with costs at a minimum we can afford to wait for the right deal with the CS project. No news means that we are still in negotiations. Hopefully there is some competition. A heavy chunk of cash and a royalty is my bet. Patience is required, but at least the Tosa deal has a maximum 4 month deadline! PC will also be tying things up to get rid of net zero.

PC is very aware of the issue with Net Zero, and I am sure will be trying to minimise their impact. In hindsight not the best call, and never to be repeated. We are now at a different stage of the company development. The big question is, what value is PC putting on the CS project and what are we negotiating over in terms of value. I would hazard a guess it is a lot more than our current market cap. All will be revealed eventually! PC has certainly given some clues with his 50k contribution to the last raise. Good enough for me to be a SRES bull.

I would beg to differ Caddy. The Tolsa deal will be concluded in December, drilling and trenching will have given confirmation of the economics. There is talk of where the processing plant should be sited, which to me is a good sign. Tolsa would not want the competition getting hold of the resource. The selling agent who gets the 10% is very knowledgeable about the US market. As far as your comment re the CS negotiations are a joke, are you party to whom and what deals/negotiations are being discussed? We are all frustrated that we can’t bank an RNS, and this is taking a lot longer than expected. Our assets are not going anywhere, the market is moving in our direction, corporate costs are at a minimum. I think we are sitting pretty IMHO at this level of market cap. Take heart we are certainly not going bust, the royalties can always be sold, and we can always do another raise! I certainly take this company seriously, maybe you don’t, and that is your choice.

It is hard being patient, but patient we have to be. PC has a track record of being prudent and cautious, he would say if negotiations had broken down, and will only issue an RNS on signed contracts, not one on a hope and positive talk. We all know where we are with the projects, so an update is not necessary is the way I see it. The only deadline that we have is Tolsa for the end of December. It is frustrating for all, but the deals will take as long as they take. I would rather wait longer for a better deal for shareholders.