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PC has delivered potential and opportunities, let time play out. The assets are not going away, and our out goings are minimal. We just have to wait, I would prefer the right deal with a strong partner, rather than a suboptimal deal to satisfy a short term share boost.
Relax, we just have to wait. Funding is not an issue, we have plenty of money to draw on from our green investment fund. Painful as it is to see the share price slowly retreat, but it is expected when there is no news and investors loose hope! We wait for near term Tolsa news, and if we wanted to we could sell our 3% royalty.
Excellent interview with Greg, I even get a mention! This bump in the road puts us in a very good position. This time next year we might have the money flowing, with a dividend policy! They do listen to shareholders, I can vouch for that. It has been a rough ride for us LTH, but the risk reward at this level is great, I am envious of those getting in at this level. I am not ramping, look at my history with this share, buying all the way down with the potential being offered. It could drop any time, and the MM’s will move the price up accordingly. We will know soon enough. GLA, this was meant to be my pension maker with a regular dividend, and it might still be yet!
They have only drilled down 5 meters, they know that some of the sand bars are 20/30 meters deep! I asked the year before at the AGM. You are right drilling has only been done on 5% of the land package, it is happy days when we get the licences back. That is the risk that holds us back. The market always over reacts, especially when commodities are out of favour. As I said before the figures are just mouth watering, with huge development potential on top. There are a very loyal lot of original shareholders who are prepared to wait it out to production. Only then will the extent of what we are sitting on will be seen in the numbers. I am waiting for the agreement with the port, which is a cost effective way we are going to get the minerals exported. The return of our licences is just about a given by the sound of it. This is a long life project, we could be generating cash in 2024.
You are right PaulFG, it is only an MOU. I asked about this at the AGM only 10 days ago! What a change in mood! Only 160% up, a long way to go for me to break even. There are plenty of other off takers if this one falls through. This is the least of our worries apparently! This set back might work in our favour for the long term, as we are the innocent party and have been put back a year. They have been working behind the scenes, to hit the road running as soon as we get the licences back, and hopefully we will get all the others we have applied for. The resources are huge and the grades are fantastic. We might even get news on the port agreement!
The share price was literally decimated when the licences were suspended. We were up at 14p from memory when we got the licences, and we ere just waiting for our off take agreements to fund the 30m of equipment required. We now have our MOU with our huge off taker, and licence looks to be about to be reinstated. There are lots more licences that have been applied for. On the negative we had about a 10% increase in capital, and we have to share a bit of the profit with our mover and shaker SL industrialist. So given this, shall we give a value of 8p? Greg’s options kick in at 3p! Plenty of upside.
Hopefully we will also get approval for all the other licences we have applied for, which were being held up. We have lost a year, but the assets are still in the ground, and with inflation have increased in value. We should get a rerate, but the market will be nervous so will be limited. We were about 12p when we got the licences, now we also have the off take agreement which will fund the project. So that risk is very much reduced. CMET will have its day as we de-risk, the IRR is just mouth watering. In the meantime we just nurse our paper losses.
I am now a lot more relaxed about the MOU, multiple companies have done due diligence. The product is in demand, happy days around the corner, but in the meantime it is SL. The licence suspension took them completely by surprise, and it has cost them a year. I asked whether at the end of the day, this suspension could bring a silver lining due to what has happened. This may be the case!
I am hesitant to give a time frame, but I am looking end of October to stick my neck out. I said to Jim, so it’s as long as a piece of string! He came back with his projection, subject to subject to, we are in SL after all. We should expect oversized profits for the oversized risk, me thinks? GL all. The asset is not going away, and the country needs to generate some money.
I went to the AGM, arrived a bit late due to train delay. It was all over! But I was given the opportunity to talk on the phone with Greg and quiz Jim who was still in his seat. No evasiveness, I was able to ask what I wanted. The RNS says it all. I came away happy that it is a when rather than an if. The impression I get is that it should happen within an investors timeframe! The good news is that market is strong and there are more than one off takers. Everyone is aligned, just need the licences back, I think there is now too much pressure not to. I have bought a few more to lower the huge average! I was impressed how little they had spent on the legal. Good luck, and see you at the next RNS.
I will find out what the raw stuff is worth, but from memory think it is over $1000’s a ton. We have medium to high grade in two mounds over 1 kilometre square, and drilling has gone down 15 meters, so there should be a fair tonnage!
I like it as well. It is incredible to think that we are valued at 3m, when by these results we should have a lump sum coming in 3 months, and 3% of something that I think will be negotiated away. This is another brick in the wall for the starter. The market will not be bothered until signing, it doesn’t do patience.
I have done a small purchase today, and the share purchase does not appear here. This also happened two weeks ago, so I thought I would ask. I know that SRES are also listed on the Aquis exchange, but going onto the Aquis exchange, SRES don’t appear to be listed? Can someone please point me in the right direction. Just patiently waiting for the transformational RNS!
You do make me smile Safe, took the bait on that one! I have my position and you have yours. It is not good for your health to hyperventilate over a difference of opinion. I am very happy to wait and see who is right. It’s my money and my choice. There are many on here who share my opinion, including the recent TR1 holder. Have you ever heard of the saying never say never! Relax and enjoy the suspense!
I am sorry to say Shelly, that you should take a break, and come back to comment on PC when the big RNS arrives. I don’t think you have any concept as to what is involved, and this is rather obvious. Better not to comment is my recommendation. Relax and enjoy the suspense.