Member Info for Justone

Well Twiggy, it was more the fact that the 3 suitors have been given the value of what we are negotiating over. They believe the Tolsa deal will come in, but will be in December, and that deal alone is worth our market cap! He repeated the rule of thumb how much royalties are worth, every 1% 10% of the equity value of the project. The CS deal takes the full area potential as well. A mining licence for a million tons a year, for 28 years and we are valued at 1.8 m in total! With pozelene being sold at $100’s a ton, Sometimes it is hard to see the wood for the trees, and we end up navel gazing and the market drives down the valuations, it is so beaten up. I left him with these words, I hope you are being greedy! I have also been adding, as I think the market has it wrong. I think it is a when, not if, and we will look back kicking ourselves. I am however a contrarian, and very willing to trust. In my other life I was a FCA, on the commercial side. I understand that deals take a long time, but happy that the market is moving slowly in our direction.

That is not really correct Safe if you are being honest, projects have been advancing. The share price like most commodity plays have performed terribly, that is the big issue. The situation can however turn on a sixpence, we currently have to live in hope. Hopefully the market will turn as the same time as news drops. In the meantime we wait, nursing our paper losses. Nothing else we can do, but trust, moaning about PC will not reverse your investment decision. I did come away confident that the board will do the best for shareholders. We own some great assets, with potential for more asset upgrades, which underpins my confidence. The board are feeling it as well!

The AGM went well, sitting in a restaurant waiting for my train! Shock horror with this drop, however can’t even buy £500’s worth! There were only 2 people who attended, myself and a person who I met two years ago with 100m, the last time I attended. We were free to ask whatever we wanted. It is frustrating, but we can’t force our suitors to speed up, not a matter of the price! Which I am very relieved about. Very happy the value of our assets far exceed our market cap, in the directors view.! The market disagrees, but my money is on the market is wrong! Painful as it is for all. Just have to wait I am afraid.

Https://www.investing.com/news/stock-market-news/us-investor-in-talks-with-superdry-cofounder-about-a-bid-for-the-chain-sky-news-reports-3307592

PC sounded confident. Pushing to get the CS project done by June, sales of some description with a long term revenue stream. I liked the rule of thumb, a 1% royalty equivalent to a 10% equity stake. Makes one think about our potential at this level! PC is going to shout out about our assets a bit more. Looking forward to getting some more detail on Thursday.

I very much doubt he will be removed by a vote Tottyman! I believe the majority of LTH are waiting for the conclusions of the discussions. I would prefer that our ‘crown jewels’ are not negotiated away at a giveaway price. If we have to wait for the right deal so be it, running costs are a minimum. I am going to the AGM, are you? No doubt an RNS will be released on Thursday with the updates. I look forward to asking a few questions.

Harry certainly looks relaxed and confident in the interview. This to me looks to be almost nailed on, baring an African hiccup! The market thinks the same, only an RNS saying signed will cause any material shift in the share price. Happy to accumulate.

I am looking forward to the AGM for an update. Hope is very much alive, the assets still exist.

Thanks for the advice Shelly. I would prefer to stick around and see what PC comes up with. In the meantime I will nurse my paper losses, and fantasies about what could be the value of our assets. I am in no hurry, and will see him at the AGM. I will ask him directly whether he can counter the comments made against him on this forum, with some evidence of performance. I will be able to look into his eyes, and then report back to you with his response. It is only him that knows what is going on behind the scenes anyway. From experience I know that good water tight deals take an age, especially when you could be talking about two sites, and a number of different parties all going at their own market pace. You never know, but by the time of the AGM PC could be your hero!

Investors make their own investment decisions based on information available. I understand the frustration, over the value that the market gives to our assets. Today’s fall, with a spread of 50% adds to the frustration and despair, with a minimum of shares being sold. I am prepared to wait, depressing as it is, and find out more at the AGM. PC is the biggest shareholder after all.

PC’s statement is exactly as expected, with no new news. We just have to wait, safe in the knowledge that the market demand for our assets are improving and have a clear direction of travel. This gives me a great deal of comfort. I would think that the deals being discussed might involve both the CS and Hazen project, and include the perlite as it can be ground down. This will explain why there is no separate mention. I will ask at the AGM as I aim to attend. With a low cost base, it is better to wait for the right deal rather than one that gives suboptimal shareholder value. I can however see why some shareholders are frustrated, and have a lower level of patience, having had expectations enhanced two years ago. PC is honest about this, and rather than keep criticising PC I would sell up. PC is going to go as quickly as the market dictates, and I support that approach, there is no alternative.

Hyperbole Tottyman, look at historic voting. We could be days, weeks or months away from news on the CS project. The assets are still in the ground, relax. I am sure PC is doing his best to maximise shareholder value, the timing of deals will depend on the market rather than shareholder noise. It is frustrating with the share price as it is, but we have to be patient. There is no alternative, that is reality. Hopefully PC will become your hero, that is what I am betting on. I am pleased with the Tolsa deal, and pleased with the Goldstone news.

A bit frustrating, I would agree with you Safe. However the assets are still there. I hope to go to the AGM, so will have a better view of the status and hopefully be able to extract an Idea of the potential value of the discussions. In the meantime in my view it was ok news with Tolsa, so we have a bit of money, Patience is certainly a virtue here. GL everyone, a depressing market for commodities as a whole and SRES share price!

This is good news, as he says that it avoids future dilution. Royalty companies would buy this off them, and give them access to cash as an option.

The adage, fear and greed rule the market, is so true. The reality of the RNS are now starting to sink in. I believe we now have competition to who is going to be our partner, which must be better news for the shareholders. I don’t believe the core shareholders would sell, from my conversations, they want to pick the fruit of many years of investment in this company, certainly not at 20p anyway! 2024 is going to be an interesting year, and we might through this process get a glimpse of the value of the assets we are sitting on.

We are not there at the negotiations, everything is supposition. If you want to take a negative view of the RNS, that is your prerogative. The market action backs up your negativity. I am following the money, my experience of negotiations, and what I heard. I don’t live in La La land, feet firmly planted in reality. Relax, in the meantime the MM’s will do their stuff with the uncertainty. I now expect a better end result for shareholders, as competition is brought into the process. I expect the shares to bounce back tomorrow, the lure of buying back at a 25% discount to the insiders! I don’t think the process will take as long as feared, there have been site visits by other interested parties, and they have the old MOU as a blueprint. LB should now get their skates on, if they want to be our partner. We just don’t know I might add!

I see this RNS as positive and part of the negotiations. I went to the AGM in October, arrived late due to a train delay, and they kindly got Greg on the phone for me. I specifically asked whether LB are the only player, he said there was much serious interest in our assets. Greg is not stupid he knows he has to create competition to get the best long term deal for shareholders, and this RNS is a sign of strength. We are sitting on a proverbial gold mine. The insiders topped up at 4.25, knowing full well the tactics, filling their boots and giving the company financial muscle to play some hard ball. I am very comfortable, allowing the game to be played in this manner for the best long term deal. It has been a painful journey, but am confident that Greg is aligned with shareholders, he has to balance short term gain, long term gain, risk reward etc. The future is bright, but we have to wait a bit longer. The market has reacted accordingly, as it can’t wait and sees the RNS as negative. The MM’s make hay, while the LTH sit tight. An opportunity, as we have our licences back, fully funded and are back in the driving seat. Negotiating from confidence is a lot easier, and the RNS speaks volumes. Relax and enjoy the game being played.

An offer has come in to buy out Shanta gold. Shareholders are up in arms about the low price. I am pleased that we have JM controlling the sales process.

Something is afoot, I have had to phone broker and do a telephone trade, just couldn’t buy on line, for a small punt of £500.

About 10 years, sitting on ever increasing losses all this time. It is now that counts, and I believe the hints that MC has given, and the fact that the insiders have loaded up, gives me hope for a sale above my break even. The market currently disagrees with me!