SRL 2.38% 41.0¢ sunrise energy metals limited

Ann: Scandium Pilot Plant Update, page-2

  1. 2,689 Posts.
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    Great update - some might say price sensitive

    points ive picked up:

    - first Scandium-oxide will be produced this month, and samples will be given to potential off-take partners for testing. If it is as good as its meant to be, hard to see why these off-take partners would not rush sign a deal.

    - Clean TeQ and SIDRI continue to assess projects in China, in both water treatment and metals recovery, as a basis for establishing the Joint Venture. I take this that terms have been agreed with SIDRI (especially as Clean Teq has hinted that it will need to put some equity from the recent cap raising into the JV (Funds raised from the Entitlement Offer are also to be directed towards funding the ongoing development of Clean TeQ’s Water Business, including any equity contribution required for the formation of the Joint Venture with SIDRI in China.)

    it seems now that all they are assessing is which projects across China should be included in the JV deal. Hopefully the longer that part takes, the more projects included in the deal!

    it is absurd that stock is still available under 18c, all the writing is on the wall - all directors taking up rights at 18c, Friedland...
 
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