Member Info for SGD27

Looks like the permitting risk is all but gone now. The Beaumont research note target price had a 20% discount for this, so it could be argued that the SP should be up 25% :-)

http://www.proactiveinvestors.co.uk/companies/stocktube/9724/synairgen-plc-pleased-with-further-positive-data-from-lead-copd-drug-9724.html

LSE doesn't seem to like me putting 2 links in 1 post. http://webcasting.brrmedia.co.uk/broadcast/5b17ade3355d676c93226d3c

121 Mining, New York - Cora presentation : http://webcasting.brrmedia.co.uk/broadcast/5b17ade3355d676c93226d3c and interview : https://www.brrmedia.co.uk/broadcasts/5b1914cf355d6704215d82cf/121-mining-new-york-cora-gold-vox-pops

http://www.proactiveinvestors.co.uk/companies/stocktube/9595/55mln-fundraise-sees-kefi-minerals-fully-funded-for-tulu-kapi-construction-9595.html

http://www.proactiveinvestors.co.uk/companies/news/198868/kefi-minerals-has-start-of-tulu-kapi-construction-in-sight-198868.html " Equity finance a significant step says broker Broker RFC Ambrian said: "The share price has reacted very positively to the [equity finance] news. "We reiterate our 'buy' rating and target price of 5.6p. We expect that progress towards construction — planned for September — will be reflected in a reduction of the current deep discount to its estimated NAV. "We note the company's estimated unrisked NAV of 14p/share We anticipate that the next major uplift in the value of the company will be on the completion of the bond financing. "The valuation is also highly leveraged to the gold price, with our risked TP increasing to 8.5p at a gold price of US$1,400/oz." "

Outside of its control, and for some reason can't be communicated to shareholders. Agreed, odd.

Maybe take a leaf out of Vale's book? : " Signaling the continues scramble for long-term supply, Vale SA reach agreements to sell future cobalt production from expansion activities at the Voisey�s Bay nickel complex in Canada. One of the largest upfront payment streaming arrangements, totaling $690 million, may set the benchmark for automakers, battery manufacturers and tech companies vying for material. The stream financing transaction will help Vale to fund the $1.7 billion underground expansion in the province of Newfoundland and Labrador, as the existing open pit ore feed grade diminishes. The Brazilian miner deal includes $390 million from Wheaton Precious Metal Corp. and $300 million from Cobalt 27 Capital Corp., with Vale delivering �an aggregate total of 75% cobalt stream� to begin January 2021. It is the world�s biggest cobalt stream to date, a form of alternative financing that allows an investor to make an upfront payment in exchange for future production at a discounted price. They will also pay on average 20 percent of cobalt prices on delivery of the metal. Vale are well positioned to take advantage of surging demand for battery commodities. The world�s biggest nickel producer aims to add at least 15 years to the mine with the transition underground. " https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Tuesday_12.06.18.pdf

http://www.proactiveinvestors.co.uk/companies/stocktube/9541/block-energy-beings-trading-on-aim-amid-plans-to-enhance-production-9541.html

You mention Premier - interesting that they have been talking about possible North Sea acquisitions recently (though more to do with what 'majors' might be offloading) : http://www.proactiveinvestors.co.uk/companies/stocktube/9524/premier-oil-plc-in-a-strong-position-to-generate-significant-free-cash-flow-9524.html - about 3 minutes in.

To avoid sounding negative, perhaps I should add that this might not matter too much if our pozzolan is of a superior quality, which all the tests so far are suggesting.

Hi AimSurfer, unfortunately closure of the NGS in 2019 is still not a certainty : https://www.utilityproducts.com/articles/elp-archives/2018/06/struggling-arizona-coal-power-plant-may-have-buyer.html But in the long run I think replacing it with solar would be far better for everyone. After all if there's one thing Arizona has plenty of, it's sunshine!

(Excuse me butting in.) The impression I got from the latest presentation was that they would be mined together. So then permitting, infrastructure etc. only needs to be done once. I also got the impression that although perlite is higher value, there's less of it (and perhaps less demand for it). From the Beaufort research note : "Our $7.5m risked valuation is based on our conceptual model of a CS Project pozzolan and perlite operation. The model assumes production and sales of 225kt pozzolan and 25kt perlite ore." This may well be out of date by now of course. Anyone else have a view on this?

Amusing idea, but I'm sure you realise that 'PC' was simply referring to our executive chairman :-)

Hi Wwt, I agree that permitting is now the main hurdle remaining. It might be worth recalling that in Beaufort's research note they applied a 20% discount for this. So they were estimating an 80% chance of success, but I expect that is conservative. Things wouldn't have got this far if PC thought it was likely to be a problem, and the "green credentials" of pozzolan will help I'm sure. And yes, I know Beaufort's name is mud now, but there's no reason to believe the authors of our research note were involved in any of the nefarious activities; and it was written in a quite transparent/conservative way IMO. Reminder for anyone not familiar, it's here : https://www.sunriseresourcesplc.com/filemanager/Research/Sunrise%20Resources%20plc%20-%20Beaufort%20Research%20Note%20-%2010%20July%202017.pdf After that, the next most important risk will be transport costs IMO. PS Interesting research on the Boorara comparison, thanks for sharing :-)

http://www.proactiveinvestors.co.uk/companies/stocktube/9462/berkeley-energia-begins-trading-on-main-board-of-london-stock-exchange-9462.html

16.8m at the moment.

https://www.***.co.uk/blogs/sp-angel-morning-view-tight-markets-pulls-nickel-three-year-high/ *** = v o x m a r k e t s " Nickel US$ 15,300/t vs US$15,220/t yesterday Global nickel prices continue on their upward trend for the fourth day on Friday, supported by broad production cuts across China, creating plunging inventories and elevated steel prices. The most-traded nickel contract on the Shanghai Futures Exchange is set for a weekly gain of 5.6%, its biggest weekly jump since Jan. 26. Aggregate open-interest sits near record levels set in November as metal demand for battery products rose. On the London Metal Exchange, nickel climbed 0.8% to $15,340, and it poised for its highest close since Jan 2015. Nickel stocks in Shanghai Futures Exchange warehouses have dropped 39% in the four months leading to May 25th to 27,739 tonnes (45,566 tonnes on Jan. 19), while London Metal Exchange nickel stocks record 18 consecutive days of withdrawals. Officials at Shandong Xinhai Technology Co confirm the company has been requested to reduce output of nickel pig iron due to the upcoming Shanghai Cooperation Organisation summit in Qingdao. Nickel prices continue to boost the 70% gains over the past year, underpinned by surging demand from the stainless-steel industry, while innovate growing consumption in electric vehicles is set to boost production requirements. "

http://www.proactiveinvestors.co.uk/companies/news/197930/horizonte-minerals-has-one-of-the-largest-undeveloped-nickel-saprolite-projects-in-the-world-197930.html

http://www.valuethemarkets.com/index.php/2018/05/30/progress-key-developing-equity-story-hummingbird-resources-will-follow-flying-start-year-hum/