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03/01/21
13:46
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Originally posted by Surandy70:
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Lots of potential. But then they've had lots of potential since listing in 2011 and to date have only taken one project through to completion, the Behemoth project which was a failure. They started out with a series of rare earth exploration/prospecting permits and after a few years ditched all except for West Wanganui, which in 2016 was converted from a prospecting permit to an exploration permit, now known as Golden Blocks and focused 100% on gold. Their first technology foray came in 2015 when they acquired the rights to the nanocube memory ink project from UNSW. Since 2011 to now a range of other projects have come and gone but the projects they have on board now look very exciting. They have a number of subsidiaries each with their own area of focus. Current subsidiaries and their projects: Strategic Materials: - Golden Blocks exploration permit in New Zealand Maria Resources: - Behemoth exploration permit seeking potential meteor impact related minerals - Leviathan exploration permit with a previously undetected gravity anomaly - 6 other exploration permits in the Officer Basin, Western Australia, one granted and 5 recently applied for Australian Advanced Materials (AAM): - Nanocube memory ink (ReRAM) a printed, flexible and transparent memory ink - Self-charging printed battery - Neuromorphic nanocube ink, an extension of the nanocube memory ink technology focusing on the potential for the tech to perform computations and well as store data in the one device Stealth Technologies: - The Autonomous Security Vehicle (A$V) project in collaboration with Honeywell currently undergoing final testing at Eastern Goldfields Regional Prison in Western Australia - 3D weed mapping project for use on combine harvesters in agricultural settings awaiting test results Of the above the Golden Blocks project has uncovered fantastic grades at the Aorangi mine however further exploration, ie underground drilling program, has been hindered by lengthy access/environmental approval delays. The memory ink finally produced a working demonstrator application with a presentation at the end of January 2020 however further promotion of that tech was hampered by the travel restrictions due to COVID-19. One advantage of that delay is that AAM has continued to work on the tech looking at additional uses thus advancing the neuromorphic aspect which is a great achievement. The A$V looks to be a great opportunity although the final testing, to my mind, seems to be taking longer than I would have expected. I can only assume that the testing is waiting to include performance during summer heat/rains hence the testing still continuing. The self-charging battery ink looks VERY exciting and would work very well in conjunction with the nanocube tech along with other applications if it's promise is fulfilled. SOR is very good at not just sourcing and promoting projects but also at seeking out various government grants to minimise cash burn/share dilution. In the past the company has tended to be very hot and cold with their updates leading some to accuse them of only releasing news when funding is needed. Whilst I have found that news does increase when funding is being sought I have found that there are other times of heightened news flow unrelated to capital raisings thus I don't subscribe entirely to that view. The last six months has seen the culmination of a number of their projects resulting in regular updates with more updates expect this month and onwards. All in all with the projects in place and the expected news flow to come this appears to be a very exciting time to be invested in SOR. Disclaimer: I have held SOR since a few months after listing and have traded it from time to time resulting in my holdings being entirely free carried.
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quality summary of SOR ✌️ kickarse value Surandy your all over this & I like it I can’t see how sellers can exist this Rocket hasn’t taken off yet Febuary will be exciting stuff the future feel is this 3.7v prototype will open so many doors that SOR will run hot & the the MC will start to transpire till then load up or sit tight happy NY Surandy & all Strategic holders