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Very encouraging news
Getting this should, I would have thought, been the first step after the licence approval so I'm not surprised that no deals were struck. This is, after all,just an exploration company and could be a mining company if Patrick wants that but does he? He's not a salesman, doesn't need a commercial team because it's a tiny company and
nothing discovered yet has proved marketable. The For Sale department on the website proves that so does PC want to sell product or to sell the entire Pozzolan and Perlite operations. When that decision is taken will be the time to take advice and to employ an expert to negotiate a deal or deals. If successful, they might be able to clear some or all of the mothballed operations as well. There is plenty to sell but , as it is, the product is in the ground and is worth what it can be sold for and no buyers means it's worth nothing so expertise is needed, probably commission based, to enable prospective buyers to be aware of it's existence and to make, should they choose to, offers that establish a value. Hopefully it'll be competitive and Sunrise will make what I assume principals and investors intended, a decent return.
Of course he was right about Mks. They can't compete and have to have sites without direct competition. Airports, big railway stations, anchor sites in new developments but with competition, no. Looked into the joint M and S/WH Smith in Tottenham Court Road yesterday. Almost empty and two shops away from Lidl. No chance. Probably top for carrier bag sales though. The till asks you how many more you want.
Sad situation. Is MB still in and even if he is, is that a good reason for holding?t looks that nothing is happening or has happened or it has but it's none of our business and where's ATD to defend them? No recent posts. Top up at sub 1 maybe. Top quality Graphite, but still in the ground. Shocking
It's a How long is a piece of string? question but I stopped by a local hardware store with bags of Perlite outside: £13.50 for 10 litres. The retailer is a bit ambitious but how much Perlite have SRES got? and they're not short of Pozzolan either No idea of how much they have or what that costs to buy. The For Sale, no takers dept on the website has a Gold mine in Australia,Silver, Diatomite etc etc. Nothing saleable? Shareholders paid for all this exploring drilling and digging. The company has never delivered yet because nobody seems to want what they have or nobody, shareholders apart, know that it's available.Maybe they should auction it all off. I wonder how many times the market cap that that lot would be worth?
Early Bird. Nobody bailed at sub 3p yesterday and I'm delighted to see your confidence in any investment is so great that you you appear to feel that those who've seen half of the price evaporate could have hung on and been very successful. You might well be right but normally people are protective of their hard earned cash and have a limit to what they are prepared to lose. The figures yesterday were more or less as expected. History as we've been told it was recycled Licence, Project Manager employed although nothing of what he'd done. The list of to do's in an RNS a few months back was not confirned completed. Lack of finance was and without doubt that would shift this up several notches but they've been trying, presumably, since the licence. The extension, applied for would almost certainly help because this is a small area with 10 years from the grant which, if extended to 15 years would only have exhausted 25% of the resource so there seems not that much ambition displayed to me. Maybe I'm being unjust.
As someone who has been criticised by Aim to Death for continually asking for news and yes, even a photo or two of progress because the company are at best, poor in that regard, was surprised by the claim, Section 172(1)(f) about listening to shareholders and engaging with regular news reporting. I think that their performance is abysmal. There is more to wonder at. It's still on this website and If you're satisfied, that's fine.
Look in the mirror Humphreys. You've been ramping this for years. The trouble with Mks is that they can't compete. Food overpriced but mostly OK. Clothes and home the same. Pay top rents for airports, stations, anchor sites in retail parks with little if any direct competition, all deductible of course. For deliveries, they bought part of Ocado, the main competitor Waitrose went and again little competition. That's why they keep closing shops. They're uncompetitive
Figures from Williston seem fine. The only problem ,if there is one ,is that most investors and all early ones were in for Paradox and the problem there was that it had to take time before a spot of oil appeared in such a process. Williston sidestepped that problem for the more impatient but still appears not to satisfy those who expected Paradox oil instantly, the impossible. It will take time obviously but the impatient have gone running elsewhere. It'll be too expensive for them probably when they take another look.
'Forgotten ... we're waiting for' sums it up nicely. We're waiting for news of what is happening or what has happened and since there's an application to enlarge I would imagine that to gain approval the Tanzanians will want to know too. I think figures are due so hopefully that'll satisfy everybody for now. The BOD have to understand that investors need to know what is happening and shouldn't need to be reminded.
This tells us almost nothing and is a waste of RNS cost. What is at the site? Has anything been dug/mined? If it has, can it be loaded on to lorries or packed for handling and sale? I suspect not but that would probably be best and would be necessary for retail sale. The cost would have to be added of course but could be an option. What about the Perlite? Is that proving difficult to sell as well? How were the multiple potential buyers encountered and what do they expect for their money? Have you employed a professional salesman/ negotiator or are you doing the negotiating? We didn't anticipate that the products would prove so difficult to sell.
Of course, as investors in a company with the potential that this has, should receive more regular reports on what they are doing. It's not a big ask . You used 'frustrating' in your message and that sums it up. Many have asked for news and complained bitterly when it's not forthcoming except one, long registered, who defends the situation constantly and texts nowhere else. I wonder why?
Certainly disappointing and KoBold Wii be unimpressed by the incompetents running Bluejay I suspect. That being said, there is potential here.
A revitalised board could certainly make a great deal out of it and the 18% so drop is far worse than the buys and sells at a glance.I intend to stay. When the BOD wake up and do something and learn to plan and stick to timetables it has enormous potential in my opinion
We appear to be in the right place. Masses of detail regarding Uranium on which I certainly need to wise up. The right product at the right time it appears. Paul Johnson is certainly ambitious and with the current crises wherever we look this could certainly be a winner.
As an addition to the exploration etc which is, quite obviously time and cost consuming and non productive, this is excellent news. The SP suffered from the non-product ion aspect, however good the results. Now with production support at a good price the SP will head north and attract new investors with their eye on the future.