Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
so patrick should now be in arizona at the pozz symposium meet :
https://twitter.com/sunriseplc/status/1658090263024218119?cxt=hhwwjsc90ewt3iiuaaaa
check his eyes out in the photo - he's either unwell or been on a massive ****** the night before leaving..... perhaps he knows this is a make or break event for sres ..
so if he can't broker some serious interest from this meet up then its not looking good for sres and the flagship cs project ..... fingers crossed - hope he's taken someone with him who can sell !
Interesting reading:
SOTP Valuation- taken from Sunrise website and listed 25th April :
In addition to our valuation of Sunrise Resources’ three more advanced Projects, we value its
portfolio of earlier stage projects and royalties using a 2X multiple of exploration expense to
value the portfolio at £1.9 million.
The combined sum of the parts valuation for Sunrise Resources is £28.2 million or 0.71p per
share (Figure 14). This is an upside of 691% on the current share price.
The bulk of our valuation (73.9%) comes from the CS Project, with the Hazen and Pioche
projects contributing 12.6% and 6.7%, respectively. The earlier-stage projects make up 6.8%
of our valuation (Figure 14).
Figure 14: Sunrise Resources Valuation Summary
Source: MMRC
Valuation Summary Value (GBPm) Per Share Value
(GBX) (%)
CS Pozzolan Project 20.9 0.53 73.9
Hazen Pozzolan Project 3.6 0.09 12.6
Pioche Sepiolite Project 1.9 0.05 6.7
Other Projects 1.9 0.05 6.8
Total Valuation 28.2 0.71 100.0
Current Share Price 0.09
Upside (%) 691
Source: MMRC
https://www.sunriseresourcesplc.com/filemanager/20230425_SRES_Research%20Note.pdf
Hi Caddy - what would you surmise with the following chronological info on CS:
2 x MOU's in place with CS - never came to anything - didn't tell us who they were.
Multiple sample testing - didn't come to anything and weren't told who these were with.
CRMC walked away after prolonged negs - not us walking away from the CRMC that was reported at the time.- not told who they were.
In apparent negs with five interested parties - one invested in us ( Towards Net Zero, LLC) with a great weighted deal for them - not heard about the others
Apparent negotiations then turned into discussions - big difference in that !
Industry insiders (on commission only by the sounds of it ) approached by SRES to try and get a better conversation with some CRMC's in the hope they can get another Tolsa situation - nothing heard on that.
Looking into going it alone on site and seeing from 2 x others how they do it.
Looking at the above all looks like to me that we are having no meaningful negs with anyone so don't expect a deal to magically appear in the coming days, weeks, months , years , decades ..... :)
Aviator "just like you didn't listen when the top was called you won't when bottom is am quite confident. "
LOL - it can't get much lower ! - OMG you are such a legend for calling the bottom - actually you are such a knob aviator ...
It would be nice to hear from investors who read this BB but do not post - what are your views on where we are at ... ? gets a bit boring just hearing the views from a minority of 10 or so regular posters - me included :)...... ..
"The New Warrants will also vest in the event that there is a change in control of the Company."
I did find this statement in the last RNS somewhat interesting / confusing .... why was this put it ?
The positive view ( as a few commented on ) would be in case of a take over and he is sidelined he still gets paid.
The negative view, if he gets a vote of no confidence and sidelined should the CS negs / discussions come to nothing - he still gets paid
Either way it is yet again a statement that LACKS CLARITY on why it has been included in the RNS
- we need more meat on the bones OF ALL the info PC is giving us and yet we still remain (imo) in an info void on what is actually happening, certainly on the CS front - how long can this go on for ......... ?
Yes I agree with you 1 Investor - I would like to think that PC is in this for a much higher return for the amount of shares he is holding.
My points refer to the time frame from now until year end - in which time the Speolite deal will be done as is pretty nailed on ( and therefore so is the exceise of PC's 25 million) but I wouldn't expect (Tolsa) to complete the Sepolite deal before they have to in December - I wouldn't cough up until I had to.
So my comments are based on the time frames from now until the end of this year ......
So I read it as a lack of confidence in what is going to materialise this year - all imo of course.
Just for clarity ( and I hope I'm very wrong ) in my statement above I am reffering to the CS Project and imo the fact we currently have no interested parties hence the need for the rabbit from a hat .......
The point I'm making Twigs is that by setting the excise price at 0.15 and not significantly higher gives imo an insight into what is to perhaps come this year.
Scenario if the SP rises to 0.3 , the sepolite deal is done and PC gets his reward at 0.15 we all say well done and he got his free money at 50% current Sp. The SP may only get to 0.2 its pure speculation on my part obviously but he still gets his free money and we all say well done as the SP is higher than what he is getting it at..
but had he set the bar higher at excise at 0.4 it gives us an insight that he could believe the SP has the potential to go significantly higher say 0.6 and above ( HE DIDN'T) because he knows he would in no way be able to get away with a pay day at 0.4 if the SP remains significantly lower say 0.3.
So it read it as a lack of confidence in what is going to materialise this year - all imo of course.
The fact that PC sees it as an achievement to get rewarded if the SP rises to 0.15 seems is somewhat a kick in the balls for all LTH's who will still be well underwater at this level
- 0.4 would have given a better message that the company is making the right moves in 2023 - Unfortunately unless a rabbit comes out the hat for the CS project 2023 will remain stagnant until December when the sepolite deal will be finalised and the SP could rise to 0.15 and then drop after PC collects his money
- then the whole thing will be repeats for 2024 .......