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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
You will be amazed how many lth have voted not in the way you would except. Probably not enough votes but
Instead of your constant moans , do something about it. Again I say you sit behind computer and easy to be rude.
You are a total clown - resign now and do us all a favour !
Hypothesis:
Tolsa's not going to come in soon enough to get the company through without more investment.
This fake confidence is a desperate preamble to trying to raise more money. If he can't raise more money it won't matter what wild promises were made because the company will fold.
Agree with what your saying .
Announcements in the past have always been made prior to agm and its never come to fruition . PC needs to be more open with investors and actually tell investors why the present quote should be believed I. Cs deal concluded first half 2024
Have to agree Caddy - the cynic in me just thinks this is all another load of smoke and mirrors to help him get through the AGM
- too many times he has told us how imminent things are only for them not to come through (and we never get a follow up with the detail - who were the Mous with 4 yrs ago on the CS Project for example etc etc)
........ His credibility is an all time low with me - I don't believe a word he says anymore.
PC always sounds confident. Trouble is he has said all of this before and, so far, has achieved sod all apart from letting the SP fall by over 80%. Hoping for a multi bagger now just to get some money back. Like having a lottery ticket - Don't expect to win but you never know.