Member Info for Dubliner

Safe, why don't you wait for the permit and then give Patrick a couple of months to announce anything that is in the pipeline.
Then if nothing at all happens you can justifiably moan and let's face it you could do that for Britain?

Looks like we are in auction...

You been dumped Safe - don't be bitter!

Whoah good spot guys, just offered .14p on a dummy sell...

Perhaps share price responding to removal of some nonsense here !

Good news tottyman, hope that is the start of more to come...

I can't buy any more, lost a load on a stock with ticker ACP.
It was heavily tipped recently by a very knowledgeable poster.

Very sad to hear Dr Trice is leaving. Relieved to be out of this and hope folks don’t lose money.

Thank you Safe, if it is I vow to name it after you. Have a brilliant evening.

Safe you are a lovely bloke and seem to see the good in everyone.
Have a fantastic weekend and may all your positivity be rewarded.

Hey Terrafin, love your positivity there cheers!

Am interested in the comments around marketing and personally have no knowledge of this aspect of business with my background being IT / Data-networking in the main.

From what I see PC would appear to have made the right moves in terms of getting our product tested by cement companies and perlite expanders. We had the 2 MOUs early on and several large cement companies have tested our pozzolan with further/final testing planned on permit.It is not as though we are going to see the communications from our Company to these customers is it, so how can we judge?

If the criticism is that PC could do more to market SRES as an investment to possible investors then that is a different matter. Am sure most of us here would love to have more information, get questions answered and see new investors wanting to get involved here. It did not though help that the AGM was cancelled as I was all set to go having attended last year. I am hoping PC does a new interview soon but imagine he is waiting on the permit sign off then very much expect one.

I remain confident in PC and in my investment and my only concern is around the impacts of covid on businesses and hope we can still get these deals signed post permit approval.

Have a good day all....

Hi PJ there is nothing ‘widely misleading’ in there so interested to hear your corrections.

I posted similar to below in August 2019, added two items suggested by SGD27, and tweaked to reflect current status. Hopefully this will please Min!

1. Low MCAP (£4M) hence plenty of SP upside.
2. Experienced Management based in UK with ‘skin in the game’. Patrick Cheetham the executive chairman has around 229M shares - that is around 7% of the Company.
3. Low overheads; shares an office/expenses with Tertiary Minerals.
4. Negligible outstanding warrants.
5. No outstanding debt / loans.
6. Project located in Nevada one of the safest /easiest locations for this kind of Business and typically in top 5 of the best mining jurisdictions in the world.
7. Very close to completion of Permit/s approval – EA currently out for public comment per NEPA process & decision due soon. Management confident we will receive approval.
8. Ability to get into Production quickly, at low Capital cost with a staged approach to minimize reclamation bond payments and allowing initial (very large) bulk sample phase intended to trigger off takes.
9. Two separate Industrial minerals (Pozzolan and Perlite) producible from the same pit. Both products have increasing demand and have been tested in laboratory and on a Commercial basis. Pozz achieved the required certifications and deemed equivalent to the best HQNP (High Quality Natural Pozzolan) on the market and have green credentials due to CO2 reductions through replacement of 25% of Portland cement in concrete mixes.
10. The EA has a mine plan covering 3 phases and 27 years with expectation this can be extended due to large zone (North East) that only had one drill with product found to depth.
11. 2 MOUs in place for Perlite and several very large Cement Companies have tested our Pozz and proven it meets all their requirements.
12. Forecast initial and future Production numbers that would, if realised, generate significant revenue and profit.
13. Very simple, open cast, dry mining allowing mining in batches and on a contract basis. Some Pozzolan Customers expected to simply take ‘run of mine’ ore – dig and sell so no processing.
14. Possibility of adding value in by investing in processing/s plant to create wider range of products. We have an option on a processing facility (Millers) which is located close to the CS Mine. For Perlite there is also possibility in the future of moving downstream and having our owning expansion facility. Expanded Perlite has much higher value.
15. Price of oil currently low reducing costs for delivery of our product.
16. Income earned in US dollars; currently strong versus sterling.
17. We have a portfolio of drill ready Precious Metal prospects.
18. We have a small share holding in VR Resources (VRR – TSX listed) and a NSR.
19. We had around £350K cash on hand as at end March 2020

For more information here is our website; https://www.sunriseresourcesplc.com/

Hi SGD27 hope you are well. I was a tad surprised on the comments about PM drilling on our other prospects as farm-in or Sales was supposed to be the plan.
We know from the recent TYM placing (with Precious Metals Capital Group LLC) for quite a whopping £600K (given TYM MCAP at the time) that there is appetite out there for Companies to get involved in such investments. I don't think though that PC would want to dilute ‘us’ in this way given how advanced CS now is.

PC’s statements today is that we are only “considering some limited drilling of selected projects” so hopefully the costs can be minimized but the upside significant in a success case. Guesswork here but perhaps there are drilling Companies out there that are looking for work in the current COVID situation and costs are very competitive.

Personally I very much hope that PC keeps the focus on CS as he said he would in his closing statement today. It would of course be marvelous (for this old bugger at least!) if some larger Company wants to buy or take a stake in CS and that would, at a stroke, open up PCs options to get things done on our other projects.

I don’t personally see us looking to split into Production and exploration but anything is of course possible.
Finally above is just speculation on my part and am interested in what others think.

I hope you all enjoy the weekend; the weather is great so out to the garden now.

Pleased to see the results out with no surprises. Cash on hand around £320K.
It seems to me that PC does very much expect to permit to be approved.
This is key statement for me;

"Our next objective is to initiate first production of perlite and natural pozzolan for larger scale customer trials as soon as possible with the expectation that this will transition to commercial production in due course on the commitment of potential customers to sales contracts and appropriate funding"

Modesty aside this is what I said in my recent summary of the prior RNS.
Large scale customer trials first and only when Customers sign on the dotted line will we commit to building what we need to build for Commercial production. We need the finance and the the Permit and offtakes are the key to this then we can raise funds and I believe placings not the route for that.

PC as always is cautious and noted about the economic climate so we don't get ahead of ourselves. COVID has and is having a huge affect on all areas of Business but my hope is that the US will try to get the economy moving by kicking off infrastructure projects and that will work in our favour.

Sam, so 'up the junction' - seems like there is a squeeze on..... (!)

Noted Terrafin and good to see eh!!

Sam, you may be right about the interview.
Interested to see if we get more snippets in the half year results too....
Am liking the positivity here, this must be our year after all this blooming time!

Hi Min, just to clarify I am trying to use the same terminology as SRES do, e.g. in their last RNS;
"The EA is an environmental assessment of the Company’s Mine Plan which sets out in detail how the mine will be developed over time and how the mine will be reclaimed over its lifetime and on closure"

When I talk about building a mine I am talking about all the things we will need to process the 'ore' at CS, the admin buildings, possible dry storage shed, a weighbridge, trailers for personnel, a sales office (that was mentioned somewhere), canteen facilities, all the generators, the crushers/screening machines etc etc. Also the 'site' will need to be fenced for security purposes. These things will am sure you will agree incur cost and my point is that the way PC is staging things means we will not, I believe, commit to this spend until we have sufficient off-take agreements in place.

PJ, I am hopeful we will more detail from the Company on the plans for production - we should get interim results next week and it would be great if at some point we can get a 'Proactive investors' interview from Patrick...

OK further to part 1 below my thoughts on all this.

We know that previously a prospective Pozzolan customer took a 100ton sample.
Now Patrick is saying that the first phase of the mine plan will enable extraction of "much larger" samples than have been allowed up to this point.

For this prospective Pozz customer we know that they simply take run of mine ore – no processing done by us. So our mining contractor goes in and digs out a large batch of ore. What might this be is I admit guesswork on my part; 1000tons or maybe more?

These numbers are very doable and you don’t need to have spent any money on the mine to do this – remember we have already taken bulk samples before with no mine infrastructure so all we are doing is multiplying this up.

This would be a win-win for us and the potential Pozz customer. Assuming they already want our product once they have this large bulk sample they can merrily work their way through this over several weeks or months whilst we get the mine built. Importantly for us they will need to sign on the dotted line at some point and that will be the trigger for Patrick to go off and get the funding he needs for mine build and phase 1 bond etc. Also as Patrick alludes to this much larger sample will generate initial cash flow again hinting that this is a significant bulk sample.

The beauty of this is that the bonding for this initial work is likely to be relatively small in comparison to the main phases. We know there are hills/mounds of the product sitting there so not much reclamation associated with that.

I believe we might have a similar approach for the Perlite. We already have 100 tons sitting on the site (assuming not already moved) so we move it to our contractor site and they can test the processing offsite using the crushers/grinders/screeners so their guys are up to speed with this. I would hope that our Perlite customers who already had bulk samples will sign on the dotted line quickly after permitting is completed.

I would be very interested to hear others thoughts on the above and in particular what folks think might be doable for much larger bulk samples.

Finally, please DYOR and I repeat above is IMHO.