Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just bought in here, 7000 shares at12.87p, for the first time. Looks undervalued. I hope I have made the right decision. Time will tell.
I wrote to PC on 19 August to enquire whether the company intend taking the CS Project forward, or selling it.I also asked about possible future placings/funding and a rough timescale. PC responded the next day, as follows: -
Thank you for your email which was passed on to me.
Unfortunately we are very limited by the regulators as to what we can say to individual shareholders and seemingly innocent information can prove to be inside information with the benefit of hindsight. Also, as a general rule, we do not comment on future fundraisings.
I can refer you to our last annual report on our website where our strategy is set out in some detail and also to our announcement of 29th July where we set out the next steps for the CS Project.
I do appreciate your interest in the Company and please do ask to be put on our mailing list if you have not already done so.
https://www.sunriseresourcesplc.com/contact#emailing-list
Sincerely,
Patrick Cheetham
Executive Chairman
pat.cheetham@sunriseresourcesplc.com
It was very good of him to respond so quickly and clearly the company has to be careful that it doesn't break any rules.
In the absence of any news I believe next week will be reasonably flat, maybe even a slight retrace of the share price, before more upward movement in due course. Hope I am wrong. A strong start on Monday would help this break 0.0040 and it might then kick on. We must remember that we have had a good few weeks and share prices don't normally keep going up in a straight line.
A little retrace here. Any SRES has almost caught up!
Amazing how this has finally come good. Looking back at my spreadsheet, I first bought in here on 10 February 2011, 20,000 shares at 4.2 pence, with another 20,000 purchase on 16 February 2011 at 3.4 pence. My next purchase was not until 3 October 2014 at 0.004950. The share price continued to plummet but I topped up regularly in the past 3 years. I sold 4 million shares recently for a small profit (a mistake in hindsight ) but currently holding 32,520, 000 at an average of 0.001542, so happy days at the minute. Good luck to everyone over the coming months , especially all you LTHs.
Oh dear! Your comments tell me you know very little about the potential or what's going on here. If you are of the opinion there will be 'no long term news on the horizon' best to move on don't risk/invest your money here.
By the sounds of it there might not be any offtake agreements any time soon. Patrick states at 4.05 in the video that while awaiting the permitting decision ''offtake discussions have been pretty much on hold, I suppose, over the past several months'' and he also states that the next step is trial mining and supplying large samples to potential customers. Share price may well drift a little lower from the current level in the short term.
Safe failed to take her own advice from January ''my advice is to get out if you do not truly believe the story''. Safe doesn't believe the story so why is she still here? Hmmmmm.
Extremely and constantly negative and moans about PC all the time, even at this stage - but fails to contact him for explanations and information.
I think everyone is fed up with safe now. Let's hope she sells up, cuts her losses, both here and at TYM, and moves on soon.
Good luck to all true holders here, both long and short term. Hopefully permit news soon, within the next 1-4 weeks.