The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
PC buying shares on the open market is a signal to the market that perhaps he sees significant changes coming in the short term probably with the CS Project.
With that in mind what would be the best outcome for us ?
- I would rather see a complete sale of the CS project to one of the big boys rather than a JV with revenue stream.
- Do we think the 3 interested parties PC is in discussions with are also considering the Hazzen project as perhaps part of a bigger deal to include with the CS ?
Could this finally be coming together, all will all be revealed hopefully within the next 3 months ............ ?
Nice to see this form PC
- double edged sword though - does this mean that we are not in serious negs with suitors for the CS as presumably he wouldn't be able to buy on the open market if this was the case - correct me if i'm wrong on that ....
Best of luck Jonny and sorry to see you go.
- I too have been here for many many years and along with the rest of the LTH's feel the pain everyday as the SP drops lower and lower.
- PC needs to deliver the CS project in the first half of this year but I suspect he will come up with another excuse on why its not happening.
- how much worse can it get ? - please don't answer that, I don't want to know !...
However Caddy - to take a chink of positivity from the endless sea of disappointment - the shares are pretty much worthless in the current climate - so the board must have an incline of what may be to come and what potential value their share grab could be worth in 6 months ......... (fingers crossed).
Have to agree Caddy - the cynic in me just thinks this is all another load of smoke and mirrors to help him get through the AGM
- too many times he has told us how imminent things are only for them not to come through (and we never get a follow up with the detail - who were the Mous with 4 yrs ago on the CS Project for example etc etc)
........ His credibility is an all time low with me - I don't believe a word he says anymore.
Did you get a reply?? :
Just sent PC an email expressing everyone's dissatisfaction. No doubt he will think that he is doing nothing wrong. I am now 85% down when I expected my investment to at least double when he said that a signature was imminent some time ago. Still I didn't have to invest here but feel extremely misled.
If ever there was a time for this useless BOD to actually help the company it is now by buying up a load of shares rather than creaming off another load for a salary they do sweet F A for ! I mean really what do they actually do on a day to day basis to help the company ?????
Someone please take us over ......
Caddy - let us know the reply you get if you get one ...
Justone
- I really don't think you are grasping the situation at all - there is currently no demand or any urgency for the pozz and perl we have - you are living in fantasy land if you think current discussions involve both Hazen and CS - are they actually going on at all ?
I hope your patience doesn't run thin cos you could be saying the same in 2030 ......
Despite being told the pozz market is growing etc etc we can see the appetite from the CRMC's for change is not there - No commitment on the CS project and the bulk sample taken from the Hazen project at the end of 2022 still hasn't been processed !! - hardly a good endorsement for an industry change .......
So last RNS re Pioche:
Sunrise has granted Tolsa a 12-month extension to its option to purchase the Pioche Sepiolite Project.
Tolsa to pay Sunrise an option extension fee of US$100,000 prior to 15 January 2024.
So we have to assume that this did happen but this is where year after year SRES falls short :
- no communication with the shareholders, we are left to assume and speculate on what might be ...... oh an an inability to negotiate and close a deals.
2024 starts off like the last 10 yrs with share holders have to guess what is going on - no factual updates on anything.
What is going on with the CS project - we must assume nothing but there we go again making assumptions
PC you need to start the PR machine and give us factual updates good or bad - leaving us to assume constantly leaves the SP dropping lower and lower
Annual report ?? - shall we write our own ??