Member Info for Investor81

If you have issues with PC why don't you pick the phone up and call him. You can then raise issues with him rather than moan. Or does that not suit or is it too difficult?

 +44 (0)1625 838 884

Its the year end accounts. It talks about the last financial year. What were you expecting from accounts? Any new information will be released in a new RNS.

These are good results imo. Low cash burn and decent cash balance. Lots to look forward to.

It is 27 years. Email the company please, I have already done so.

https://www.sunriseresourcesplc.com/cs-project

https://www.lse.co.uk/rns/OMI/orosur-mining-inc-8211-new-director-option-issuance-qs5212npfacke9a.html

In May Brad was given 200,000 options at C$0.04 too.

https://www.lse.co.uk/rns/OMI/orosur-mining-inc-8211160annual-option-issuance-mg3yt025jkn0gn7.html

580,000 options were issued last year compared to 4,300,000 this year. Anyone know how the number is calculated? How many will be issued next year?

Its been NT to buy for while now

The ex-dividend date and date of record are the tricky factors. Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record. That's one day before the ex-dividend date.

https://www.investopedia.com/articles/02/110802.asp

There is no confusion. Should people be investing if they don't know the difference?

'The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value. Investors who purchased the stock before the ex-dividend date are entitled to the next dividend payment while those who purchased the stock on the ex-dividend date, or after, are not.'

I didn't mean to be patronising. It wasn't directed at you but simply a generic message. Apologies my wording could have been more clearer.

Geowiz I know the below quite is with regards South Africa but as it is next door to Namibia surely that has to be some positive too?

'Total has tested the Luiperd-1X well at a maximum rate of 9,820 barrels of oil equivalent per day, limited by surface equipment.'

Geowiz agreed get a farm out partner and the share price will take care of itself. Invest what you can within your limits and risk appetite at these low prices and hopefully see big rewards.

Legache I understand but at the same time you want to promote and protect your investment. So why not posts the positives and caveat.

For example the first stage of the 0094 licence runs to Sept 21 after which it runs in to stage 2 for a further 2 years. The company is currently undertaking seismic work and its intention is to secure a farm out partner. Namibia has seen a number of farm outs in recent years including Qatar, total and Exxon. Total Venus1 is expected to be drilled in q4 2020 and positive results could boost GBP. However bare in mind managements poor performance previously.

Taking in to account the above there is still great potential here but as ever there is risk. Higher risk means potential higher rewards if it comes off. If you want an easy ride there's always the bank where you can get nominal interest.

'The amendment to PEL0094 agreed by the Ministry gives Global a further year to fulfil a modified work commitment, after which Global may elect to enter the next licence sub-period in September 2021.'

In September next stage of licence will be entered and a further 2 years of exploration. So plenty of time to secure a farm in partner and add value.

Guys and girls why not show some positivity if you are interested rather than the constant bashing? They still have one licence and will be applying for others. They have cash for now and are in an area where majors are moving in so every chance they could succeed. Good luck all and peace.

'It is the Company's current intention to apply for a new licence in due course.'

At the current market cap its a good buy. The reward if it comes off could be good. I am holding. Good luck all.

The other option is to contact the HKEX through their website.

https://www.**********.co.uk/articles/orosur-mining-webinar-with-q-a-a175185/

Some notes.

1. Per the presentation the company will have $6m following the placing. Why raise £4m now at this price?

2. Drilling underway with targeted completion Feb 2021. See slide 11.

3. 18.27 Q&A he says they are looking but not seriously when asked about potential new assets. Why place at this price if they are not seriously looking?

4. 19.59 Q&A he says results out of our control and first hole not long from completion. Some results early new year.

I still think long term this will come good however many unanswered questions and contradictions IMO.

Thoughts anyone else?

I am sure George said results in the new year in the interview.