I took the time yesterday to ring SRN. I did speak to Vlad for a good 15 minutes. We spoke about the disappointing SP following a good announcement. He was surprised to see the SP stall and was expecting a better result for the SH. I brought up CPS and he said last time he checked they were holding less than 23M so maybe less if that was them selling off on Tuesday. He believed it was day traders taking advantage as there was i think around 66M shares traded. He was excited about what was ahead and of course he cant tell me anything but gauging from the conversation he was very positive and said to expect more positive news in the coming months. I read a post here regarding what is the use of having HPA when the global demand is not that great. He said the HPA market is growing rapidly and don't look at today's demand as we wouldn't be into mining for around 2 years. Even then you have to look at the mine life which could be 20 years. So we don't just mine it all in 1 year. Also this is a add on to our Vanadium so you produce what you need to produce. I also brought up the CR topic. He said there is different ways to raise money but yes a CR in some form is something they are discussing. I did say as a SH i would like the opportunity to be involved in purchasing more shares if they went down that path. Overall he was positive about the path SRN is heading Only a matter of time IMO before we see our SP move again.
GLTAH
SRN Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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