Member Info for Justone

Hopefully we will also get approval for all the other licences we have applied for, which were being held up. We have lost a year, but the assets are still in the ground, and with inflation have increased in value. We should get a rerate, but the market will be nervous so will be limited. We were about 12p when we got the licences, now we also have the off take agreement which will fund the project. So that risk is very much reduced. CMET will have its day as we de-risk, the IRR is just mouth watering. In the meantime we just nurse our paper losses.

I am now a lot more relaxed about the MOU, multiple companies have done due diligence. The product is in demand, happy days around the corner, but in the meantime it is SL. The licence suspension took them completely by surprise, and it has cost them a year. I asked whether at the end of the day, this suspension could bring a silver lining due to what has happened. This may be the case!

I am hesitant to give a time frame, but I am looking end of October to stick my neck out. I said to Jim, so it’s as long as a piece of string! He came back with his projection, subject to subject to, we are in SL after all. We should expect oversized profits for the oversized risk, me thinks? GL all. The asset is not going away, and the country needs to generate some money.

I went to the AGM, arrived a bit late due to train delay. It was all over! But I was given the opportunity to talk on the phone with Greg and quiz Jim who was still in his seat. No evasiveness, I was able to ask what I wanted. The RNS says it all. I came away happy that it is a when rather than an if. The impression I get is that it should happen within an investors timeframe! The good news is that market is strong and there are more than one off takers. Everyone is aligned, just need the licences back, I think there is now too much pressure not to. I have bought a few more to lower the huge average! I was impressed how little they had spent on the legal. Good luck, and see you at the next RNS.

I will let you know on Friday how the land lies! No wriggling, % chance and time period, and more about our partner as to appetite.

I will find out what the raw stuff is worth, but from memory think it is over $1000’s a ton. We have medium to high grade in two mounds over 1 kilometre square, and drilling has gone down 15 meters, so there should be a fair tonnage!

I like it as well. It is incredible to think that we are valued at 3m, when by these results we should have a lump sum coming in 3 months, and 3% of something that I think will be negotiated away. This is another brick in the wall for the starter. The market will not be bothered until signing, it doesn’t do patience.

Well Terrafin I am just sucking up the price drop, and also being patient.

I have booked to attend the AGM at the end of the month, and will be able to establish the mood.

I have done a small purchase today, and the share purchase does not appear here. This also happened two weeks ago, so I thought I would ask. I know that SRES are also listed on the Aquis exchange, but going onto the Aquis exchange, SRES don’t appear to be listed? Can someone please point me in the right direction. Just patiently waiting for the transformational RNS!

Dear me Safe, is this really necessary!

All positive, in the right direction. No quick money, but at such a low market cap, rewards will come. The only danger is she takes it private, before we see the big upside.

You do make me smile Safe, took the bait on that one! I have my position and you have yours. It is not good for your health to hyperventilate over a difference of opinion. I am very happy to wait and see who is right. It’s my money and my choice. There are many on here who share my opinion, including the recent TR1 holder. Have you ever heard of the saying never say never! Relax and enjoy the suspense!

I am sorry to say Shelly, that you should take a break, and come back to comment on PC when the big RNS arrives. I don’t think you have any concept as to what is involved, and this is rather obvious. Better not to comment is my recommendation. Relax and enjoy the suspense.

Thank you for that flying doctor. Please think of how you are coming across Shelly, with what you are saying. You have no clue of PC’s work ethic or capability, how can you know, when all the work is done under the radar. The extent of that work is revealed only with an RNS. We are currently just waiting for the big one. So your pontifications really are so ignorant that they verge on being childish. I would just keep quiet, as you are revealing too much about yourself. Personally I am backing PC with 6 figure sums and believe that he is going to be a winner for us all. So those are my cards on the table. It is good to have healthy debate, but it should be about the business, not so personal about PC. Sell if you don’t like PC, simple as that.

I agree with you flying doctor having met him, I believe he has just started a weeks holiday, humble stuff. The future is certainly very bright at Sunrise. The market is bored of SRES, and is reflected in the share price. A rather nice risk return ratio I would say! PC tried to tell the market the value of the assets we were sitting on through the research note, ignored by the market. That valuation was without firm contracts! The question is how many bags from here? He has done well getting all the finance sorted in such a dire market, so we just have to sit back and wait. I believe he is going to represent shareholders interests for the best deal, even though we are having to wait. He is not going to be bullied by impatient shareholders that is for sure. I am here for the long term dividends that should derive from the true value of our resources.

I see this recent warrants RNS as a very positive sign. It is a small little office, with PC keeping keeping costs down to a minimum, nice opportunity for a few of the lowly paid employees. The two directors will be all underwater with their shareholdings, and this will be an opportunity for them to buy at 0.1. I would have thought they would currently have been unable to buy in the market, as they will be in a close period with negotiations ongoing. Note PC has not awarded himself some, that tells me a lot. The anticipation mounts. The future is bright with Sunrise, that I am sure!

Patience required.

Interesting, I would not think it will take too long to drill the holes, going down 50ft. To state the obvious the more information they find out about our resource, the more the 3% royalty will be able to be valued. Reading between the lines, it sounds to be commercial from the results of the trenching, why spend money on drilling if not. The question is do Tolsa start negotiations after the results or just happy to share the results and pay the 3%, without negotiating the 3% royalty away at a discounted NPV? All will be revealed soon enough.

Safe- you are spending an awful lot of capital being so negative and personal. I am concerned that you will not be able to cope when we finally receive the RNS that investors here are patiently waiting for. Try to focus on something positive in your life, hopefully it will help you to prepare.