Member Info for SGD27

"These assets serve as a new growth platform for our continued geographic expansion and are uniquely positioned to benefit from favorable market dynamics and accelerating public and private construction activity in California and Arizona."

I had been wondering why PC had chosen this moment to update the company presentation. Perhaps Lehigh asked for it, to put in front of their new masters.

Then again, I'm sometimes guilty of overanalysis :-)

If (and it's a very big IF) my speculation is correct, and we're talking to LeHigh, then this would be very significant, and could help things move forward :

https://www.globenewswire.com/news-release/2021/10/01/2307248/0/en/Martin-Marietta-Completes-Acquisition-of-Lehigh-Hanson-s-West-Region-Business.html

(See earlier posts in this thread for background.)

@Skippysb01 : I meant the SNG bb on advfn:
https://uk.advfn.com/stock-market/london/synairgen-SNG/share-chat?page=3194

The post by 'nicebut' on advfn at 08:43 today is worth a look.

The slide deck from today's presentation is now here:
https://www.synairgen.com/presentations/

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

https://www.worldcement.com/special-reports/27092021/cement-and-concrete-becomes-first-global-heavy-industry-accelerator-for-uns-global-race-to-zero/

"
Thomas Guillot, GCCA Chief Executive said: “Cement and concrete are crucial to the development of society and the economy, so it’s vital that we find ways to ensure their long-term sustainability. Global cooperation is the only way to achieve this and the upcoming GCCA 2050 Roadmap will set out how the concrete and cement industry worldwide will unite to deliver net zero concrete.
"

Inhaled therapy mention is at around 26:00.

Thanks Titania & Saxondale.

https://www.youtube.com/watch?v=QA76ENkPJ9M

Still in progress. Mostly about vaccines so far.

Private company. Acquired by Nektar Therapeutics (Nasdaq co.) in 2005 but then bought out by management 2 years later.

https://www.aerogen.com/about-aerogen/

https://www.crunchbase.com/organization/aerogen

https://www.pitandquarry.com/construction-materials-ma-back-on-the-fast-track/

"
Robust M&A market
...
FMI has tracked more than 60 announced construction materials acquisitions within the past 12 months, outpacing similar periods in recent history.
...
The M&A market is beginning to face similar bottlenecks that are being felt by operators in regard to supply and labor shortages. High demand for third-party transaction services is causing unexpected delays for deals.
...
Consider, too, that other ancillary services needed for M&A transactions – including quality of earnings analyses, surveys, environmental assessments and reserves analyses – are backlogged and causing weeks- and month-long delays.
...
The Senate has already passed a roughly $1 trillion infrastructure package with bipartisan support. As of press time, it was still up to the House to reconcile outstanding differences and move the funding proposal forward.

While no one can predict the future, sentiment dictates that a bill will pass that supports the construction materials industry, potentially launching the hot-mix asphalt, ready-mixed concrete and aggregate industries into “super cycles” not seen in decades.

As 2021 concludes, FMI expects a continued bull run for construction materials producers and operators. As industry operations go, so too will trends in the M&A space. It is certainly an exciting time for construction materials.
"

BTW, I may have caused confusion by starting with "PART 0". My mathematical background :-)

If you're doing a similar calculation, I'd be very interested to know what result you come up with.

Hi sheldrake, you could have a look at my posts on14 August.

Hi Tallchad64, I think our numbers are slightly different, so here's my calculation for $50/lb in detail, which for me gives NAV/share £3.83. (Slightly different to my table entry due to moving exchange rate.)

I've cut & pasted from Slide 6 here:

https://www.yellowcakeplc.com/wp-content/uploads/2021/08/Yellow_Cake_Investor_Presentation_August_2021_Final.pdf

To account for the most recent U purchase I add 2m lb to (A) and subtract $64.5m from (E), and I've updated the exchange rate for today.

Uranium oxide in concentrates (“U3O8”)(1) (A) lb 15,855,601
U3O8 fair value per pound(2) (B) US$/lb 50.00
U3O8 fair value(2) (A) x (B) = (C) US$ mm 792.8
Uranium derivative liability(3) (D) US$ mm (3.4)
Cash and other net current assets/(liabilities)(4) (E) US$ mm 22.8
Net asset value in US$ mm (C) + (D) + (E) = (F) US$ mm 812.2
Exchange Rate (G) USD/GBP 1.3794
Net asset value in £ mm (F) / (G) = (H) £ mm 588.8
Number of shares in issue less shares held in treasury (I) 153,671,232
Net asset value per share (H) / (I) £/share 3.83

Blimey, already time for another table update!

$/lb : NAV/Share
30 : 232
40 : 307
45 : 344
46 : 351
47 : 359
48 : 366
49 : 374
50 : 381
51 : 388
52 : 396
53 : 403
54 : 411
55 : 418
56 : 426
57 : 433
58 : 441
59 : 448
60 : 455
70 : 530
80 : 604
90 : 679
100 : 753

"Peter's experience in rolling-up businesses at Cervus will assist PLAN as we grow organically while also evaluating opportunities to grow through potential acquisitions of other natural pozzolan businesses or companies."

https://www.newswire.ca/news-releases/progressive-planet-appoints-mr-peter-lacey-to-its-board-809191471.html

I know Progressive Planet is a long shot for the future of the CS project, but you never know. This is worth a quick listen, particularly around the 1:50 mark:

https://ca.proactiveinvestors.com/companies/news/960322/progressive-planet-add-to-their-board-of-directors-adding-peter-lacey-as-an-independent-member-960322.html

Didn't think I'd need to fill in gaps in my table so soon! Here's an updated version:

$/lb : NAV/Share
30 : 232
40 : 307
41 : 314
42 : 321
43 : 329
44 : 336
45 : 344
46 : 351
47 : 359
48 : 366
49 : 374
50 : 381
60 : 455
70 : 530
80 : 604
90 : 679
100 : 753

Spot as I type is 45.5 $/lb, so NAV/share ~348. SP up again tomorrow? :-)

https://www.bnnbloomberg.ca/commodities/video/there-s-a-fundamental-supply-deficit-in-the-uranium-market-yellow-cake-ceo~2278844

https://www.world-nuclear-news.org/Articles/Investment-funds-change-the-shape-of-the-uranium-m