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23 M at 0.427 is certainly not peanuts if the share price goes up to 0.5 - 1p + this year - which is not unrealistic if the right deals come in ........ :)
Look how many shares he has already, another 23M is peanuts to him. This will only go up and stay up when a deal is done. So lets wait and see. Emphasis on 'wait'.
Sorry bsg4, but I don’t think that’s a theory worth running with.
There’s only one reason why Directors buy shares in their own company, it’s because the share price is going to go up.
I doubt if somethings afoot. This is SRES after all! He's just did it to placate the angry PI's that have deluged him with e-mails. IMO.
It’s difficult to know if something’s afoot, but you have to ask yourself why PC bought now? It suggests things might happen sooner rather than later, in which case it would seem a good time to buy.
Some trades going through now - more directors buying ?? Is something afoot here ........... :)
Thanks for clarifying 1investor - this is therefore is good news - be nice if the other directors chipped in ...
PC would only be precluded from dealing if we were in a reporting period (company results), which we’ve passed, or if an offer had been made for the company. As it is, we’re negotiating a deal on a particular project with several entities and so he can deal.
It’s without doubt a vote of confidence and a signal to the market from PC.
Well judging from that proactive interview terrafin, he's talking deals in the first half of this year ( hopefully June end ) of some kind. If this now looks unlikely judging from your thoughts, then he needs to retract that pretty quickly. Not !00% clear on the ruling here and we don't need any more doubt cast by this board of directors..
Nice to see this form PC
- double edged sword though - does this mean that we are not in serious negs with suitors for the CS as presumably he wouldn't be able to buy on the open market if this was the case - correct me if i'm wrong on that ....
The other directors should follow . But can't see them other freeloaders doing the same
DIRECTOR DEALING
Sunrise Resources plc announces that on 5 March 2024 and 6 March 2024 Executive Chairman, Patrick Cheetham, purchased at total of 23,000,000 Ordinary Shares of 0.001 pence each in the Company ("Ordinary Shares") on market, at a weighted average price of 0.0427 pence per share. These shares were purchased through his Self-Invested Personal Pension (SIPP).
Following this transaction, Patrick Cheetham is now beneficially interested in 281,832,572 Ordinary Shares (including 5,500,000 Ordinary Shares held by his wife, Karen Cheetham) representing 6.59% of the Company's issued share capital.
Its nothing but a hard boot in the balls caddy, meaningless in the grand scheme of things, as its fallen that embarrassingly low, its totally irrelevant and needs something of huge significance to even re rate.
Don't want to sound too negative but 14% up is nothing after what we have suffered. This needs to go up 600% for PC to have any sort of credibility and unfortunately, I can't see that happening.
Has PC resigned ? !!
Feck me it's moved up .
Just when will he produce an RNS that will improve the SP. This should not, however, have a negative hopefully or there will be nothing left to bother about, 90% down and falling and still he thinks nothing is wrong.
4.275 BILLION SHARES IN ISSUE
You are really having a laugh now Cheatham.
What are you saying to the last lot of mugs you fleeced at the kast placing at 7 times this amount ? You are a serial loser !!!!!
He has the personality of a house brick. Almost drains the life out of you when You talk to him face to face
Watched his interview the other day and he seemed to think that everything would just fall into place. Well he has to make it do so and so far he has shown a total lack of ability to do that. What concerned me more, however, was how unimpressed the interviewer seemed to be. Almost bored with talking to him almost. PC generated no enthusiasm and lacked drive. As you say Seis ' a waste of space '.
he knows what is not going on and why, and just can't be ****d telling us. pure twat of a man !!!!
aimvho !!!!!!!!!!!
FINALLY !!!
PEOPLE HAVE REALISED HE IS AN ABSOLUTE WASTE OF SPACE.
WHO WOULD EVER HAVE THOUGHT WR COULD GO THIS LOW !!!!
ZERO NOW CLEARLY IN SIGHT.
PC has to go end of !
All in the same boat. I see this as a lottery ticket now. Don't expect to win but live in hope. The most annoying thing is that PC doesn't think he has done anything wrong.