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The markets have witnessed years of jam tomorrow with SRES, so now they want to see real money coming into the company then the SP will move. The question is will Pozz in concrete take off and will the CS Project become profitable for SRES shareholders ?
SRES has been dealing inconclusively with big fish in the USA concrete market for many months since CS Project production permitting was obtained. Given this unsatisfactory situation I think SRES shareholders should be advised of the prospect of production revenue in 2022. Is it 100%, 50% or 0% then the market could properly assess SRES value through its SP now as the world comes to terms with living with Covid-19 ?
The CS Project is twice the size of the Kirkland Project and the CS Project sale negotations are in competition with public company's. SGD sale estimate based on Kirkland is a 1p SP, while the 1investor sale estimate is a 3-5p SP range. Who is right ??
As this transaction is a once in a life time opportunity for SRES, PC must be bold and do better than SGD is suggesting !!!!!
I’m sure there will be disagreements on valuing each of the SRES CS, Clayton Silver, Baker's Gold and Sundance Gold Projects over coming months, but the one thing that is certain, we’re literally sitting on a fortune here that is in no way reflected in the current share price. GLA.
PC explains the current SRES position perfectly in his Chairman's Statement:
"Whilst we have been frustrated with a slower than anticipated progress on our flagship CS Project, due
in no small part to delays in customer testing, our large mine-permitted deposits of natural pozzolan and
perlite provide a valuable base on which to build and we believe that there is much to look forward to in
the coming months, both for the CS Project and for the Company in general."
Onwards and upwards, GLA
I couldn’t help but chuckle to my self as I looked on the bottom line of my shares column and see that my shares Value in SRES have just over doubled .
And that is really on no big RNS news yet.
Mineralex can see that the SRES bottom line is going 10 times that In the next 8 months.
He says that this is not a ramp but information based on true fact. Min please explain further.