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The investor discussions on ADVFN regarding Sunrise Resources Plc (SRES) from March 10 to March 17, 2025, reveal a cautious sentiment among shareholders. Key topics included concerns about potential dilution following upcoming resolutions and uncertainty surrounding the company’s relationship with Tolsa, which previously controlled the Pioche site. Investor irishdave2 highlighted that while Tolsa has a disputed track record regarding royalties, they may still be relevant in negotiations, sparking speculation about a new offer. This uncertainty has kept some investors, like user wager, holding onto their shares despite expressing frustration.
Financial highlights touched upon include a mention of cash received after the year-end, signaling some liquidity for the company. However, investor sentiment leans toward apprehension as discussions around possible dilution and the validity of information shared by participants suggest a tense atmosphere. Quotes from the discussion reflect this sentiment, with irishdave2 noting, "You may not get back in as easily as you think when news comes," highlighting apprehension about future volatility, while wager expressed skepticism, stating, "All resolutions will pass once again and more dilution on the way." Overall, the sentiment appears to oscillate between cautious optimism regarding potential developments and concern over company strategy and share value stability.
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Sunrise Resources Plc (ticker: SRES) held its Annual General Meeting (AGM) on March 13, 2025, where all proposed resolutions were successfully passed. Notably, shareholders overwhelmingly approved the accounts and reports, with 91.74% voting in favor. The re-election of director Mr. J Cole saw a narrower margin, with 60.18% supporting his continuation on the board. Additionally, Crowe U.K. LLP was reappointed as the company's auditor. These votes reflect strong shareholder confidence in the company’s management and oversight.
In other significant developments, Sunrise announced a cash-preserving strategy involving the issuance of 93,021,463 new ordinary shares to directors as settlement for outstanding fees, reflecting the company's commitment to maintaining liquidity for project activities. Furthermore, Mr. Adam Hainsworth was appointed as a non-executive director, effective March 14, 2025. His extensive commercial experience and long-term shareholder perspective are expected to enhance the board's strategic direction. These changes and the AGM outcomes indicate a proactive approach by Sunrise Resources to strengthen its governance and financial posture amidst ongoing project demands.
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Wager Tolsa had control of site which is not the case now,after trying to get it cheaper.Tolsa have never paid royalties in the past.I would say a new offer will be made,Until claims are signed over they remain involved. |
Why are you so convinced about Tolsa being still interested? |
Wager just read annual report it states cash received after year end.Pioche site Tolsa still in play as of last week.You may not get back in as easily as you think when news comes. |
I’m out barnaby but won’t be foolish enough to turn off from it incase good news comes. However, this Thursday could be curtains. All resolutions will pass once again and more dilution on the way. Irish- please explain to me where all your info comes from which turns out to be wrong all the time? Do you dream these things? Your nephew and colleagues in the mining industry….. Pioche was a done deal….. and now 500 ton bulk sample info? Who was this info from? |
See the 500 ton sample sent for testing on 50/50 cost basis came in at $117.20 per ton,against open market price of $95 per ton,must be top quality pozzolan.If cost of pozzolan was free issue,extraction is very costly. |
Thought wager you sold all your holding in here. |
Indeed. Try telling Aviator that…… |
I have no doubt there is interest in the product YASX but the problem relies solely on getting told white lies. Discussions can’t go on for 4 years and been told on camera 13 months ago a deal was likely 7 months ago! It’s just complete nonsense |
No interest in any of the assets or projects. Oh dear. |
Silly girl |
Aviator, |
Barnaby, that maestro of monetary alchemy (an IFA, darling), swims in a Scrooge McDuckian vault of wealth. Odd, isn't it? The 2% aristocracy nibbling on speculative hors d'oeuvres alongside their caviar portfolios! I bet he pirouetted into China's market at rock bottom too - Moral? Tend your own fiscal orchard and mind your own business; others mangoes are none of your jam. |
TYM - another PC offering that is at all time lows. |
Wager I gather you've sold out with sres. If you see a change here, please don't invest here again. Your constant deal posts have been torture. |
Let's appreciate those who focus only on today's market numbers-why look at the bigger picture when you can get lost in one spreadsheet cell? But don't worry, the wise ones will keep explaining growth trends to those stuck counting beans. Some people are just meant to worship the numbers they see. That's life-or as they say, 'that's just spreadsheets.... |
Who needs due diligence when you've got such supreme gut instincts and a sell button? Get out and stay out! |
If PC was successful last year when he stated a deal was likely in the first half of 2024 then he wouldn’t need to start 2025 with a raise!!! Simple as that. PC is no closer to sealing a deal now than he was in 2021. If I see a change in the way he delivers information then I may come back in. However the tone is the same as it was 5 years ago. |
Silly girl |
Trust you! |
It IS VERY high risk with cash situation but one deal and......"I can get no remedy against this consumption of the purse; borrowing only lingers and lingers it out, but the disease is incurable." PC???? LOL |
Ah, darling nothing says "thrilling investment opportunity" like sepiolite flexing at $500/tonne while bentonite and kaolin sit there sipping boxed wine at the discount table. (Refer to 2023 pricing.) "But wait!" you cry, "Why pay champagne prices for clay?" Silly you-haven't you read the original deal with the royalty now null and void? Without it, the bidding doesn't start until someone slaps a million on the table like it's Monopoly money. And trust me, PC won't budge - horses are expensive!Phone him if in doubt, OR a producer OR, better yet, phone a friend who can explain why "bargain-bin geology" isn't a business model. ? |
Bid at one million! Who is the likely bidder? There are no other bidders since Sres in effect granted Tolsa exclusivity for the past couple of years in anticipatiom of a bid that never materialised. |
Thank you Dave. |
Behold the Grand Poobah of Self Inflation peddling punctuation policing as a passion project while auctioning her 'invaluable' industry insights ( $100k, she insists). Let's recalibrate reality for the gallery: here, the opening bid starts at $1M. If her expertise weren't stuck in beta mode, she might've peeked at Tosla's payment receipts. As for her monopoly on genius? Let's just say the 'boardwalk' of credibility is missing a few planks... and a safety rail. |
I thought Aviator had finally grasped a basic command of English when I read his post 8080. It was light years removed from his usual garbled structure. |
Type | Ordinary Share |
Share ISIN | GB00B075Z681 |
Sector | Misc Nonmtl Minrls, Ex Fuels |
Bid Price | 0.019 |
Offer Price | 0.02 |
Open | 0.0195 |
Shares Traded | 37,002,055 |
Last Trade | 08:00:00 |
Low - High | 0.0195 - 0.0195 |
Turnover | 112k |
Profit | -659k |
EPS - Basic | -0.0001 |
PE Ratio | -2.00 |
Market Cap | 964.27k |
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