Member Info for Dfens

Dubliner wins the prize for best radar!

Mystic Meg is right in that its binary but I question why he has got nothing better to do this afternoon other than come on here and say you are all going to loose your money

I have been invested here before but fortunately got out with a small loss
lately been lurking & contemplating a re entry but cautious in expectation of a placing
didn’t expect it to come so soon
This share is basically a punt, IMO only invest what you can afford to lose
you will also need to be patient, as commented already, winter is not far off

I have some experience with public consultations in the renewable energy area
This is out in the desert so no people in proximity , relatively low environmental impact , a desirable green product , creating local employment and revenue for authorities.
Whats not to like

A key milestone
Not that I was overly worried
This is the right project at the right time

"Head-Financial Engineering & Investment Products"
looks like the right background for the job

here you go

https://m.londonstockexchange.com/exchange/mobile/news/detail/14549462.html

There is an RNS
holding from 14.26% to 12.53%

Dubliner
thanks very much for your observations
as previoulsy posted I work on developing renewable energy in USA, getting a powerline will be very expense and likley take at least 2 years so pretty sure they will use own generator for start up
Once operation is established that will be time to progress an application for a line

similar here except ive got an even worse one!

tend to agree missthepenny

Another vote of confidence

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announces that the Company's joint broker, Peterhouse Capital Limited ("Peterhouse") will be receiving settlement of its fees for the period 1 April 2020 to 31 December 2020 in Ordinary Shares of 0.1 pence each in the Company ("Ordinary Shares"), calculated with reference to the closing bid-price on 14 April 2020, the trading day prior to the issue of the Ordinary Shares. This enables the Company to preserve cash for its project activities.

On Wednesday 15 April 2020, the Board resolved to issue a total of 17,550,000 new Ordinary Shares to Peterhouse at a price of 0.1 pence per share, being the closing market bid-price on Tuesday 14 April 2020.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that further to Admission, the Company's issued share capital will consist of 3,313,680,055 ordinary shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

Commenting today Sunrise Executive Chairman Patrick Cheetham said: " Having raised funds of £550,000 with Peterhouse in recent months the Company has sufficient cash for its foreseeable needs and for the completion of mine permitting. However, during the current Covid-19 pandemic it seems prudent to preserve cash for our project activities wherever possible and we are pleased that Peterhouse is making this clear statement of support for the Company."

well done Ohmni
with that attitude you wont be a nobody for long!

I had a little top up yesterday, showed up as a sell

all the pieces are slotting in the jigsaw

Hi everyone, I've been in here a while but mainly lurk
i've got 6.5million
all the best

indeed, thank goodness

MM, sorry didn’t mean to imply any criticism, It was good of you to share your calcs
You had stated the discount rate was ZIOCs own assumption, I was merely commenting on the application in the model, I didn’t realise you were also emulating the discount rate factors from ZIOC
Extrader I wasn’t commenting on whether 10% is correct rate, I don’t know what it should be but actually no one does hence a financial model like this serves only as a sense check of potential and should be run with a range of upside and downside assumptions
What ever eventually happens its not going to be the scenario modelled, someone else is not going to stump up the money while ZIOC retains 50% and I see comments to that effect below
So the realised share value will never be anywhere near as high as the model but still juicy enough for us to be interested and I hasten to add I am invested here

Sorry posted that twice
Absolutely agree, what you modelled is just the base case, plenty of upside to it
Re discount rate , I was not quibbling the rate assumption itself , just the math formula you have used
try 1/(1*(1+Discount Rate)^year no)

Excellent thanks MM
I think the value is even greater
plugging your numbers into my model gives nearer £12!
I think your discount rate formula is too aggressive