George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Personally I really don't agree with the new share allocation to directors, the last year has been truly shocking for holders, yet they continue to mug investors off . Didn't take PC long almost like sticking two fingers up after the agm
Should be ZERO as once again ZERO delivered !!
Https://www.londonstockexchange.com/news-article/SRES/director-dealing-issue-of-equity-tvr/16347197
Thanks Justone I am glad somebody went, and can report back.
I think the Aim market is under attack, from naked shorting.
From Yahoo, note the odd volume on the 22nd
2/13/2024 0.045 0.04 0.04 0.045 0.045 1,000,000
2/14/2024 0.045 0.048 0.042 0.045 0.045 3,555,377
2/15/2024 0.045 0.04 0.04 0.045 0.045 3,000,000
2/16/2024 0.045 0.046 0.046 0.045 0.045 542,000
2/19/2024 0.045 0.046 0.04 0.045 0.045 2,551,070
2/20/2024 0.045 0.047 0.04 0.045 0.045 3,746,212
2/21/2024 0.045 0.045 0.045 0.045 0.045 1,111
2/22/2024 0 0 0 0.04 0.04 432,000,000
Thank you for attending AGM Justone. We got again on no bad news from AGM in which some decent size trades. From your comments that you will sleep easy tonight, I can only presume you topped up today. Sounds like a great call.
Safe, one can hardly say he is arrogant. If anything at all Patrick is a little on the shy side. So I don't understand this. You are right regarding nothing has been sold for years and I can't say different but many invested here for CS and I do think it will see a deal. My issues at the moment are two fold; firstly the possibility of raises at this price. This must not be allowed to happen and I am surprised by the rns release knowing full well that plenty voted against certain resolutions but was somehow "unanimous" and secondly it has been an age since any of the directors have bought on the open market. Now is the time for Patrick to show holders his own belief. I don't mind your comments and levelness but wise up with the arrogance bit which comes over as pretentious and self righteous in itself.
Thanks for your input as always Ju. I do however disagree with sp re most commodity plays. PC often plays this rhetoric and it's not really true. Standard and I don't like it. However I do agree with the fact these things take time and have no qualms with the product(S). Our problem is location and transport costs which will take a whack off projected but that's ok just get it sold! How many were at AGM Ju?
Well Safe, I am very pleased that I have taken a day out of my life, to check in on my investment. I will sleep well tonight, happy in the knowledge that PC is going to do the best for the shareholders from the assets that we own. If you think otherwise, the logical behaviour would be to sell? Being so dogmatic about PC never being able to deliver, makes me smile anyway. I have time to wait. Good luck with your investment.
Well Twiggy, it was more the fact that the 3 suitors have been given the value of what we are negotiating over. They believe the Tolsa deal will come in, but will be in December, and that deal alone is worth our market cap! He repeated the rule of thumb how much royalties are worth, every 1% 10% of the equity value of the project. The CS deal takes the full area potential as well. A mining licence for a million tons a year, for 28 years and we are valued at 1.8 m in total! With pozelene being sold at $100’s a ton, Sometimes it is hard to see the wood for the trees, and we end up navel gazing and the market drives down the valuations, it is so beaten up. I left him with these words, I hope you are being greedy! I have also been adding, as I think the market has it wrong. I think it is a when, not if, and we will look back kicking ourselves. I am however a contrarian, and very willing to trust. In my other life I was a FCA, on the commercial side. I understand that deals take a long time, but happy that the market is moving slowly in our direction.
With all due respect Justone, shareholders come away from the AGM year after year feeling reassured by the BOD, when in truth they have achieved nothing in terms of revenue generation, and no sign of any change to that situation. I see that you got 6 likes to your comments and can only assume that some of the lemmings from the past have re-emerged to feed on the scraps.
Cheatham will never deliver success for SRES, and we all need to face that fact. He is not a deal maker, and does not have a likeable personality to do business with. Self indulgence and arrogance are not a good recipe for success.
Is there any further info you can give us Justone? Any crumbs of comfort you picked up from the board?
That is not really correct Safe if you are being honest, projects have been advancing. The share price like most commodity plays have performed terribly, that is the big issue. The situation can however turn on a sixpence, we currently have to live in hope. Hopefully the market will turn as the same time as news drops. In the meantime we wait, nursing our paper losses. Nothing else we can do, but trust, moaning about PC will not reverse your investment decision. I did come away confident that the board will do the best for shareholders. We own some great assets, with potential for more asset upgrades, which underpins my confidence. The board are feeling it as well!
Yet another year ahead of absolutely NOTHING !!!!
Indeed thanks Justone - appreciated.
Many thanks Justone for the feedback.
The AGM went well, sitting in a restaurant waiting for my train! Shock horror with this drop, however can’t even buy £500’s worth! There were only 2 people who attended, myself and a person who I met two years ago with 100m, the last time I attended. We were free to ask whatever we wanted. It is frustrating, but we can’t force our suitors to speed up, not a matter of the price! Which I am very relieved about. Very happy the value of our assets far exceed our market cap, in the directors view.! The market disagrees, but my money is on the market is wrong! Painful as it is for all. Just have to wait I am afraid.
Sunrise Resources plc (ticker symbol 'SRES'), is pleased to confirm that at its Annual General Meeting ("AGM") held earlier today all votes were duly passed.
All resolutions were passed unanimously on a show of hands
A drop on nothing it actually the truth
Should have stated which comes first....
5 billion confetti share raise, a sudden miracle of all the for sale projects ( that have been there yonks ) snapped up, roger murphy buying 25k worth of shares, or Patricks 2024 half year pozzolan sale plan. which comes first. Be as well being blue colour blind, but never ever see any here anyway. pmsl
Oh and before all the fan boys touch up on picking these points out, its tongue in cheek..
PC will now sit up and take note of his inability to deliver value to holders.
Well a drop of 11% would suggest things are not going well. Life sucks at SRES.
AGM is half hour in now - wonder how Justone is getting on with his questions ??
And this was the last RNS specifically on this subject - 27th June 2022 - yes nearly 2 years ago !!!!!!!!!!!!!!!
RNS Number : 3289Q
Sunrise Resources Plc
27 June 2022
27 June 2022
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
CS PROJECT UPDATE - CALTRANS APPROVAL TO AUTHORIZED LIST
Further to its announcement of 11 May 2022, Sunrise Resources plc is pleased to advise that, its CS Natural Pozzolan has now been conditionally approved by the California Department of Transport ("Caltrans") for use in California State infrastructure projects, having successfully passed Caltrans's own independent compliance testing.
CS Natural Pozzolan is now listed on the Caltrans List of Approved Materials for Cementitious Materials for use in Concrete1.
Caltrans is the Government body responsible for the award of State funded infrastructure construction projects in California. Caltrans Standard Specifications for concrete mandate the use of supplementary cementitious materials ("SCMs") such as natural pozzolan in order to improve the durability and sustainability of its concrete structures. Further information on the role of natural pozzolan in sustainable development can be found in the Company's news release of 9 May 2022.
It has only recently become possible for new sources of construction materials to be approved on a conditional basis. Approval is conditional until six monthly test results from production runs have been submitted by the Company showing compliance with specifications. In the case of natural pozzolan, it must meet the specifications for AASHTO M2952 and ASTM C15673,. In order to give its conditional approval, Caltrans has successfully tested samples of CS Natural Pozzolan for compliance.
Commenting today, Executive Chairman Patrick Cheetham said: "I am delighted that Caltrans has conditionally approved the CS Natural Pozzolan. This is good news for the CS Project. Whilst we were confident that the CS Natural Pozzolan would pass Caltrans's testing procedures, this is an important step forward as many concrete specifiers look to this list as an independent endorsement when specifying for a wider range of non-Caltrans projects."
I AM GLAD YOU WERE DELIGHTED CHEATHAM, BECAUSE IT MADE HE HAW DIFFERENCE TO ANYTHING - WHEN ARE YOU EVER GOING TO REALISE THAT YOU ARE A DREAMER USING OTHER PEOPLES MONEY !!!!
He may not get all his resolutions through and if he does he will certainly know by the end of the day just how much investors are fed up of his and the bod attitude and lack of ability to deliver value . PC will be a tad nervous as it may not go the waY he wants us. The quote that our assets increase in value although still in the ground doesn't wash anymore or sit comfortably with a lot of investors