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Best of luck Jonny and sorry to see you go.
- I too have been here for many many years and along with the rest of the LTH's feel the pain everyday as the SP drops lower and lower.
- PC needs to deliver the CS project in the first half of this year but I suspect he will come up with another excuse on why its not happening.
- how much worse can it get ? - please don't answer that, I don't want to know !...
Jonny,
Doubt there are many long term holders that don't feel the same way, I've been here since 17 also and its got the point that we now need a 5 or 600 percent rise from here, for any kind of venture back to the.20's.
He has made the comments in the recent interview of possible deals in the first half of this year, if this doesn't happen then god only knows how people will take it. If you can hold fire until then, do so, god knows its worth another few months. I would never ever have thought 2 or 3 years ago, that we would be at this level.
One things for sure, whatever may happen in the near future with cs and tolsa, he is currently managing two companies with a combined share price ( give or take ) of around .10. That level of ineptitude takes some doing.
We can only hope of better to come.
I’ve been invested since 2017, topped up here and there. What a joke of a company, nothing has happened with what we have in the ground, share price really is in the dirt now. I don’t ever think i’ll be seeing my initial investments back. Coal usage continues to decline in the US and the product is perfect, on paper…..
“Why are you posting just negativity” - Why, because I’ve been invested for 5 plus years and now selling to put it into a house, even though I’m sure the value of that house will continue to decline in the UK, it won’t decline as much as as SRES continues to do so.
I will be selling as soon as I’m actually able to get quotes to partially sell, so if anyone wants my shares, shout up!
Back to sleep for another year Cheatham !!
However Caddy - to take a chink of positivity from the endless sea of disappointment - the shares are pretty much worthless in the current climate - so the board must have an incline of what may be to come and what potential value their share grab could be worth in 6 months ......... (fingers crossed).
Why would you buy shares when you can seemingly give yourself as many as you like. PC again should be ashamed of himself.
Maybe now is the time to see directors put their own money into there gravy train for once
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