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Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP


Sunrise Res Share Chat (SRES)



Share Price: 0.20Bid: 0.18Ask: 0.22Change: 0.00 (0.00%)No Movement on Sunrise Res
Spread: 0.04Spread as %: 22.22%Open: 0.215High: 0.215Low: 0.19Yesterday’s Close: 0.20


Share Discussion for Sunrise Res


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rodster
Posts: 865
Off Topic
Opinion:No Opinion
Price:0.20
Jimbo
Fri 17:59
I think most of us here are long term holders and a spike to 1p will make no difference. The reason is that if bay comes in we have many other projects and I would hope they take the next best potential project. I still wish how to know how they come up with minimum 10m.

With regards to SP and the drops. So far (unless their is a big sell on monday, which theoretically could happen), as you say MMs trying to get shares. If 5 m bought nothing in sp and a 1m sell, so sp tanks. That alone without a big sell, tells me mms are fishing for shares. 4 weeks to go until results, so I think this could drop further. 4 weeks is a long time in aim when many pi's are in and out of favourable Rns.

I think a top up is reqd on Monday as I missed today's drop
 
Comeonsres
Posts: 22
Off Topic
Opinion:No Opinion
Price:0.20
View Thread (2)
Sp
Fri 16:03
By my maths I think we have a little over 4 weeks to go until results. And bear in mind it was up to 6 weeks for results. That means they could come early. There was no RNS this time about problems which is a massive positive for us. And who knows maybe sres will catch the mms out and get it out a week or 2 early. Who knows. But I genuinely think we will be rewarded if we don't sell. I'm riding these little waves because I'm confident that this project is our company maker. The other projects will add significant value along the way to.
jimbobtechstock
Posts: 3,446
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.20
RE: Jimbo
Fri 15:59
They'll milk this range until they are forced to try another range - problem with these AIM stocks is that the MMs (investment banks) no longer want to hold many shares so they're often selling short on spikes then find they can't get the shares they need so shake the tree and use all kinds of tactics - all IMO of course.

But they can't hold it back forever so we should see a re-rate when the MM are satisfied they can't spin any out of this at this price. IMO again, of course.
Comeonsres
Posts: 22
Off Topic
Opinion:No Opinion
Price:0.19
Jimbo
Fri 15:56
Hi mate I agree with you but what will the market makers try next. People want these shares more than anything. They can keep dropping the price but people just arnt selling. Not in big numbers anyway. So if I'm right in thinking they might try another strategy. Let her fly and try getting people to sell on a spike and then let her drop. But I genuinely think that won't work either. People who have bought in here know that if we wait a while this will earn people serious money. It's time to fight back against the crooked market makers and at the moment that's exactly what sres holders are doing. The mms are scratching there heads because they will probably miss out this time on earning a bit of money.
Samspade4
Posts: 847
Off Topic
Opinion:No Opinion
Price:0.19
RE: Strange drop
Fri 15:41
I can't buy any on Halifax. I was going to have a few more
jimbobtechstock
Posts: 3,446
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.19
RE: Strange drop
Fri 15:35
Says it all really - MM = market manipulators

Price will pop back quickly IMO when buyers return.
Bazza-2015
Posts: 49
Off Topic
Opinion:No Opinion
Price:0.19
RE: Strange drop
Fri 15:22
Having to pay above Ask to get hold of shares.
tried buying 900,000 but they want 0.21p.

just sold out of another stock when I saw this price had dropped to bargain basement prices!
jimbobtechstock
Posts: 3,446
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.19
RE: Strange drop
Fri 15:02
The clue IMO is in the chart and my earlier post about volumes. MM brought this back after each rise, the volumes were largely on the rises, not the falls. My strong suspicion is that the MM are short of shares and hence are trying to scare/rinse-out recent buyers with drops like this.

The only other explanation is one of the larger holders bailing and trades being delayed, again IMO.

Seen this lots of times on many shares. Periods of uncertainty waiting for drill results exploited by strange drops that don't make any sense, panic selling sometimes ensues and then the MM use all those spilled shares to make a profit on the rise.

I miss-timed my second buy but will buy twice as much in 10 days if the price is still bobbling along at these levels or lower. On AIM the share price only really means anything under decent volumes - otherwise it is just the MMs plaything.
Comeonsres
Posts: 22
Off Topic
Opinion:No Opinion
Price:0.19
Strange drop
Fri 14:57
The mms are giving a fantastic chance to buy now. What a price to get into. I can't believe this isn't rising in anticipation for news. Look at this silver project. We had amazing results on our last drill and now in the late news we have an excellent target. How is this below 0.5p? Let alone 0.2p. I think on Monday this will shoot back up towards 0.25p I'm not worried about the drop I know that if we hit our target then we will see a re rate which could see us over 1p again. Oh and remember that is one project. News on deals on other projects could see this rise further. I think by Christmas this board will be teeming with life and this share price a thing of the past.
jimbobtechstock
Posts: 3,446
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.215
Volumes
Fri 08:27
Looking back historically before 2016 SRES has had low volumes for quite a while (and anyone remember the crazy spreads this time last year?).

This year volumes started picking up back end of Q1 and bar a couple of lulls have been respectable for a microcap miner.

But the bigger story could be the pattern, averaged out over summer much higher volumes on rises than falls, potentially indicating shares are being squirrelled away at this price and higher, but the MM pull it back - possibly because they are short on this.

It's back on the slow burner volume wise but SRES could be overdue a re-rate in the coming months.




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