Member Info for SGD27

Progressive Planet are continuing to get very positive results for their 'PozGlass' product, based on recycled glass plus natural pozzolan. This out today:

https://finance.yahoo.com/news/progressive-planet-moves-pozglass-scm-130000928.html

The acidic soil resistance appears to be particularly impressive:

"Test results showed the mortar bars produced from the two mortar mixes expanded 0.03% and 0.02% respectively, after six months. Expansion less than 0.05% at six months indicates a mortar with high-level of sulfate resistance (less than 0.10% at six months indicates moderate sulfate resistance). It should be noted that the control mortar bars, containing only Portland Cement, disintegrated at the 180-day mark, and could not be measured as a result."

There's also this video:

https://www.youtube.com/watch?v=b995zvRcPQw

Hi IntrepidInvestor, interesting thoughts, and let's hope things are finally turning. If the SP does "drift to below 120p" then the non-cash holdings will be valued at almost zero!

I think there are times when a buyback is justified, e.g. as a tax-efficient alternative to paying a dividend, but I agree that it doesn't seem to have worked very well in this case.

Now here's an intriguing coincidence. They bought back 6,429,853 shares in total before halting today. If they had just bought another 13,250 then it would have pushed Acacia's holding over 20%, and triggered a TR1 RNS. That's assuming Acacia haven't sold any (and that my maths is correct).

Just a coincidence, or perhaps not wanting to give Acacia another reason to claim a greater presence on the BOD?

We may find out before long what's happening with Boral's NA fly ash business, which could have some sort of knock-on effect for us, depending on who picks it up.

"Fly Ash in North America is the final business in the portfolio that we intend to divest and we continue to
progress divestment opportunities. We expect to provide an update on progress at the Annual General
Meeting, or sooner."

(Their AGM is on 28 Oct.)

https://boral.com/sites/corporate/files/media/field_document/20211004-Completion-of-North-America-Building-Products-and-Timber-divestments.pdf

Yes, that's a fair question, which I certainly don't have the answer to. What I would say is that the details given for the 7 day results were actually quite sketchy; for example I don't think we even know what proportion of pozzolan was used in the mix. And we do know that the 28 day test must have passed, as the necessary strength had already been achieved at 7 days.

You could try emailing PC. I know people's experience of doing this has been varied, but I've twice had very quick responses to politely worded technical questions.

One possible explanation is that the CRMC don't want further details made public, beyond that it's been a success, which we already know. They've put time, effort & money into this testing, so why would they want their competitors to get the benefit for free?

I know - but someone needs to tell those clowns!

Can someone please check I'm not going mad. These people seem to be saying that U price is "well below $40/lb" before advising taking profits in YCA :-O

U discussion starts at ~4:10 in :

https://soundcloud.com/user-596578261/5mmm-20211015-084115-meeting-recording

@andmillsy - Yes , looks about right to me too. Cleary a lot of anticipation is now built in. Presumably they should now be looking to stack more U?

@TargetTheBull : They update their company presentation monthly, and it includes a "Proforma estimated net asset value" calculation - see Slide 5 (which is actually the 6th slide) :

https://www.yellowcakeplc.com/wp-content/uploads/2021/09/Yellow_Cake_Investor_Presentation%20_September_Final.pdf

This one?
https://www.theguardian.com/business/2021/oct/12/cement-makers-across-world-pledge-large-cut-in-emissions-by-2030-co2-net-zero-2050

I'm guessing you might also be interested in placings. This is a list all the recent ones, to save you trawling through the RNS's :

Aug 2020: 357m @ 0.28 = £1m
Feb 2020: 180m @ 0.11 = £200k
Nov 2019: 350m @ 0.10 = £350k
Jan 2019: 292m @ 0.12 = £350k
Jul 2018: 286m @ 0.14 = £400k
Dec 2017: 333m @ 0.15 = £500k
Jun 2017: 325m @ 0.10 = £325k
Mar 2017: 250m @ 0.10 = £250k
Jan 2017: 61m @ 0.10 = £61k
May 2016: 250m @ 0.12 = £300k
Apr 2016: 109m @ 0.11 = £120k

I was struggling to make sense of the numbers in the first Pyxis RNS, and now they've issued a correction :

https://www.investegate.co.uk/arix-bioscience-plc--arix-/eqs/pyxis-oncology-prices-nasdaq-ipo---update/20211008101031EPDGF/

So if I now understand correctly, on paper NAV/share should be up 4.7p today.

Thanks Bazzaman, it does seem insanely cheap now, doesn't it?! I'm 20% down on my existing investment, but added a couple of days ago and again today.

https://www.youtube.com/watch?v=NVfM2MONuMY
Sound out of sync?

They do say
"Accelerate bolt-on/margin enhancement projects"
on one of the earliest slides.

Good RNS for us today, if not quite earth-shattering. If nothing else it shows shows that it's possible to do a deal with a large North American company despite all the covid restrictions.

Slide decks have been released via an SEC filing :
https://cemexen.gcs-web.com/node/14651/html
Plenty about climate targets including clinker reduction, but no specific mention of natural pozzolan.

Thanks to x54v at advfn for posting this :

https://www.investorschronicle.co.uk/ideas/2021/09/29/a-trading-play-on-long-term-energy-trends/

(If you hit the subscription barrier, try getting there via google "A trading play on long-term energy trends".)

Part II tomorrow :

https://www.cemex.com/-/cemex-to-provide-update-on-regional-businesses-and-climate-action-strategy-at-cemex-day-on-october-7-2021

Latest tweet continues to suggest that a straight sale of CS is not what they have in mind:

"
Our aim is to be self funding through the development of profitable mining projects…

…our priority is to develop the CS Pozzolan-Perlite project through to production.
"

https://twitter.com/sunriseplc

https://www.fool.co.uk/investing/2021/10/04/the-synairgen-share-price-tanks-20-on-earnings-what-happened/

Hi Terrafin : Until now Lehigh Western belonged to Heidelberg Cement Group, which can certainly be described as "internationally recognised". It will be interesting to see if this phrase continues to be used in future sres communications!