Morning allIn light of the announcement on the 1st July of a...

Morning all

In light of the announcement on the 1st July of a change of management control at SRE and the commitment given by DCM DECOmetal (Stirlings majority shareholder) that they will continue to provide on-going financial support to the Company, there has been very little if any news forthcomming.

However just recently there appears to be some acivity, not only in share price but behind the scenes too (all credit to the new management).

I would say news is not to far away in regards to:

1.Zircon production on Tiwi Islands. Thats 250 - 300 km of Tiwi coastline neting a profit of $27M in only the 1st 6 months. One other thought could be the Off take agreement signed by Chinese

2. Leucoxene/Ilmenite deposit that has a reserve of 41mt in Keysbrook in Western Australia. (World Class high grade at shallow depth). Once mined it is used as an opacifier in house and car paints, sunscreens, plastics.

My take on this is its more likely to be in relation to 1. above as 1st delivery is due in July and the commodity is what the chinese want and must import.