Member Info for Dubliner

Well I can't speak for anyone else but being upgraded from a Lemming to a Hyena is a big step forward - it feels so much more macho. Thanks Safe...

Safe, as you said to me the other day - calm down dear.
I just gave you a tick so you don't feel left out.
Oh and pretty well everyone is fed up of waiting and the slow progress with things plus I have email'd PC to say so too!

Mmmm, I said a number of times the geological term 'massive sulphide' is being misinterpret but hey ho as they say 'you can take a horse to water but a pencil must be lead'
GLA

Min, thanks for the list.
It seems like we are currently only working with one CRMC right now although we previously worked with 2 Companies.
Do you personally have a view on how things will play out for CS; e.g. do you expect a sale, JV or something else? If you prefer not to opine no problem.
Seems very likely we will get news this coming month. Certainly us LTHs have waited a long time. I have fingers and toes crossed for good news.

Any predictions on Clayton assays from you?

Just saw this 1investor, super post again.
Worth saying here that Perlite is also a HQNP and in fact the fines from the Perlite processing (crush/screen) are planned to be used as Pozz.
A CRMC who wanted CS but not specifically the Perlite could simply use everything as Pozz.

My only doubt on the sale query is what is PC telling the prospective Perlite customers who might be wanting to commit to offtake right now!

All will be revealed I guess.
Oh and nice £7.5K buy Daddy.

Nicely articulated post from you 1investor and well worthy of a click on the tick!
It would be very nice if you were correct.
The 'Sale' argument would need to be to a Company that wants the Pozz as well as the Perlite of course...
To add to your argument it might explain why PC has kicked off work on the Precious Metals projects and even has taken on this Sundance project recently...
Going to be my last post for the week so enjoy it all - I nearly cracked dry January too !!!.

Sunrise have tweeted today about Perlite and it provided below link which sounds promising for Perlite market growth;

https://www.prnewswire.co.uk/news-releases/perlite-market-worth-2-0-billion-by-2025-exclusive-report-by-marketsandmarkets-tm--873509128.html

All, I had a very prompt reply from Sunrise regarding the AGM and opportunity to ask questions and believe that it is reasonable to pass this on here.
In the RNS on 22nd December we had this link ref Annual Accounts and AGM notice;
https://www.sunriseresourcesplc.com/financial-reports

Access the 2020 Annual report (the one on top) and on page 51 there is this statement;

As the Annual General Meeting is a closed Meeting, Shareholders who wish to raise any queries regarding the Resolutions to be put to the Meeting may do so by email to agmsunrise@sunriseresourcesplc.comat any time before 12:00 noon on Friday 15 January 2021 and any relevant questions along with the answers will be published on the Company's website by 12:00 noon on Tuesday 19 January 2021.

I understand that this was the invite for us shareholders to raise questions and it seems nobody raised any questions.
I personally thought this document was just a formalisation of the Results to end September but it also has the AGM info in it and I admit I missed this. Perhaps it could be clearer that shareholders are able to raise general questions not just specific to the listed resolutions.
I share this info in good faith and will personally raise questions for the next AGM.
Good luck folks.

Not sure which of several threads to add my comments too.
I note horlety's post asking a very valid question about progress from September RNS and in particular with regard to Financials.
I also note totty's comments on this thread.
I would also draw people's attention (hinted at by Mineralex yesterday) to the AGM RNS from TYM.
It seems that due to peculiarities of the voting (many folks not casting votes etc) that a small number of folks voted against a resolution and the upshot is that the Company (Tertiary Minerals) Directors can no longer just do placings without getting shareholder approval - I recommend folks read it in it's entirety for themselves. I paste a couple of paragraphs here;

"We will increase our efforts in future to engage with shareholders although this has to date been challenging given the large proportion of shareholders holding their shares in nominee accounts. We will also examine ways in which shareholders can participate in any future share issues.
Patrick Cheetham, the Executive Chairman is always available to engage with shareholders and we would like to take this opportunity to encourage shareholders to contact him to discuss any Company issues affecting them. He can be contacted at info@tertiaryminerals.com"

Noting totty's comments I too feel that the AGM was a missed opportunity to engage with shareholders. Patrick could have asked for our feedback and questions and these could have been listed with answers (where they can answer) in the AGM Results RNS.

I personally want the Company to give us more info and I have today written to Patrick to advise of that. The details of my note and any response I will not share but I do hope that given the TYM situation that Patrick will be receptive to any shareholder feedback so I suggest if folks have concerns or questions they should raise them.

Notwithstanding all of that I am still confident that things are progressing (albeit we would all like more quickly) and just added 500K shares, not a huge amount but the SP is low - sh*t or bust as my father would say.

GLA

Agreed Safe, happy to chill and move on!

On a lighter note this made me smile as it always seems to me when watching folks interviewed from home that there is a bit of competition on who has the best bookcase;
https://www.bbc.co.uk/news/uk-england-bristol-55818287

Hey Safetrader, thing is I can't be accused of ramping if I set a realistic SP expectation. There are no guarantees in life except death and taxes so happy to say 1p and upwards - I did say would be happy with much more.
I would say though popping at me for predicting a modest target is somewhat rich from you when you have constantly posted about how rubbish PC was and how you were selling up. Yet now you telling me I am underselling the Company with my own personal target!

You must remember we all have different financial positions, expectations, and age is a factor. For me I would much prefer a quick decent spike to a penny (where I can choose to sell completely or reduce at that point) than a higher SP but over a much longer duration. I do though readily accept if everything falls into place the SP could go way beyond 1p.
You do seem to like picking arguments with people who are not even in discussion with you...

Terra, no I had said half a penny not 5p previously!! Anything over 1p would be great but as I say the more the merrier.
Just see a Warrants RNS has popped up for us - only tiny amount...

https://www.investegate.co.uk/sunrise-resources/rns/warrant-exercise/202101271206530877N/

Just back from a walk and managed to avoid the ole dog muck using F29's analogy from earlier.
So the bid has raised to .31p but as usual a dummy sell for 1M goes NT and only .3124 to buy right now.

Some goods posts this morning and all polite.
Responding to Moneymaker your comment duly noted, my BS criticism was not really at you it was our friend mrmoagi whom Sam seems to have correctly identified as Aviator from ADVFN and is not the most respected poster to have graced this board previously. Clear from the start he was out to wind up long term holders and is one of those small number (thankfully) of people in the world who wants to think he is superior to everyone else.

Back to sensible folks and to jonjb question about JV versus sale. I have no idea which is the best outcome, it very much depends how much someone would give your to buy out CS. If the money was 'right' then of course for many it would be a good option as they could cut and run or they could wait to see if we have any success with our Precious Metal projects. Certainly if we do a JV then the PM project are likely to be more protracted as it will take some time for CS to get established whereas a lump of money from a theoretical CS sale would mean PC could crack on quickly with any PM prospects that look to be worthwhile.

As for SP targets again who knows, I am well known for under estimating the prospective SP and said at one point I would be happy with .5p. On reflection that was a bit daft and currently hoping for 1p and upwards - but of course the higher the better!

GLA and above is IMHO

Just to support the view from tottyman there is quite a bit of BS being talked by some here.
Some folks seem to be getting confused between share consolidation and dilution for a start.

Share consolidation can refer to a share that trades in a narrow range for a period of time and that can generally be a good thing. It more often though is used as a quick descriptor for what is officially known as a reverse split. See this decent explanation of a reverse split;
https://www.investopedia.com/terms/r/reversesplit.asp

Moneymaker seems to be talking about a reverse split and yes these can be negative for stocks. That might be true but PC has never mentioned a reverse split for SRES and why would he do that anyway as it does not actually raise any funds!

As for share dilution that is a different matter as Companies that continually do placings dilute existing shareholders - we all know that but it is typically the only option for Companies to raise funds before they have a product/s to sell.
I would remind folks we only recently raised £1M (Aug 2020), I point folks to this interview Proactive did with PC in just prior to that where he hinted that there may be an Equity element to mine funding;
https://www.youtube.com/watch?v=NVpVcsRxO6o

PC does though mention that he has had other approaches regards funding options and in the recent December CRMC RNS he says this; "This collaboration is taking place against a background of ongoing offtake and joint development discussions with the CRMC".
You do not have to be a genius to work out what joint development 'might' entail but it really ought to be positive for us.

As I have said many times the key for us shareholders in getting offtake deals for Pozz and Perlite. The Pozz collaboration in particular is key to opening up options to fund the mine build and to grow the Business.

Folks worrying about 'share consolidations' here is a nonsense. Also concerns about dilution seems a tad premature right now when we still had just over £1M in cash as of the results up to end September.
As I say we need to focus on any RNSs about offtake and then everything else will take care of itself as I believe we will JV with a larger partner which will bring options for the processing facilities that PC has described for Pozz and Perlite. It seems clear to me that Patrick wants these to be close to rail links hence why we seem to have dropped Millers.
Good luck

I am no longer invested in TYM (our next door neighbour) but spotted an RNS this afternoon for a £450K placing at .26p

Ordinarily that would see the SP take a knock but oddly the MMs want .329p for £1K of shares which is higher than they were trading before the placing. Make of that what you will!

Back here then I too would be happy with Cemex or Nevada - both are big league players...

totty, personally not sure that this stock is liquid enough for much shorting activity to happen.

I would agree though that the sp action is a bit odd of late, for example if you do dummy buys how much they put the price up when you do dummy say 4M buy versus a 1M buy. If anything it feels like the S.P is being held down (deterring buyers and not offering quotes for sells very often) but I could be wrong on that.

Responding to gshivers as a recent JLP investor.
I read that statement differently to you. It reads like these two Institutions would only invest (add in the case of the existing holder) if they could pick up a certain amount of stock.
Hence ACAM agreeing to that partial conversion of CLNs to free up enough shares for these two IIs.
So not the way round that you read it.
Seems positive to me that these guys were pushing for a certain amount of stock and ACAM must have concluded it was good for their residual holding.
One of the reasons I bought in!
Cheers.

Hi Kev, hard to guess on that. It seems likely Clayton assays will be next RNS and it is possible the market won’t be that excited given it is a single hole so grades need to catch the eye.
I do hope the current SP strength will stick though and ideally push on. Either way Kev you have a great holding and even at 1p that would be a lot of dosh. Good luck to you too.

Foreverhoping, guessing I know who you are and catch up soon.....

Cheers Rod, glad it’s not just me as I am a bit paranoid!
I had to stop going to Rugby matches coz every time they had a scrum I thought they were talking about me.

Hi Kev, I use Hargreaves Lansdowne and defo find NT many times for a dummy sell and when I have flagged that here I am not making it up.
Right now though it is not an issue as won’t sell any of my holding until Patrick hopefully brings us good news.
All the best....