Sunrise Resources Share Discussion Threads

[xcap] 06/10/2010 06:49

It would appear that the whole resource sector is being re-rated by investors. Neil Herbert is on the board; pretty top draw executive experience here I would say. Why would he take a seat on a minow like SRES unless confident of its management and future potential, he must have carried out extensive dd before taking the position. No way would he put his reputation on the line unless confident of the future of SRES IMHO. Agree with Benchmark (although CDR could be the making of the conroys) but SRES has a good diverse asset base now and the report (thanks guys for posting the Astaire research note) talks of a minimum 500oz Au resource from Long Lake which when pushed up into the Indicated category will translate into a multiple mcap rating of £10m +. With near term production of barite (and I think I read somewhere there should be newsflow within 9 weeks from 9 August, maybe next week then) in theory, the cash flow from this asset should provide the funding required to advance the gold asset(s)and keep dilution to acceptable levels (reality, as we all know, can be very different). With the recent hike in the share price fund raising will be announced shortly in my view, and if the share price reaches 1.75p (or more) then sres will be in a good position as it will result in less paper being issued and therefore less dilution, good for all stakeholders.

[benchmark] 06/10/2010 00:18

Knowing that Prof Conroy is NOT involved with SRES should be good news for all those interested in Sunrise. (For those unfamiliar with the name, he has fronted a whole host of "exploration" companies" and none, to my knowledge is in production - apart from Arcon (lead-zinc) which only went into production when he was pushed aside.) Let us stick with SRES here.

[goldeneye5] 05/10/2010 20:38

KDR rose 300% that day, but are a risk for sure, i hold some, but only because of the management involved, and the fact that i am aware that Rio are fans of the prof conroy and have been for many years. Sunrise are just as big a risk, but unlike KDR they dont have the prof who is prepared to fund exploration himself when necessary. That said, i will be buying into sunrise as a gamble as they are worth a punt.

[arf dysg] 05/10/2010 19:51

Oh, no they don't.

[goldeneye5] 05/10/2010 18:45

i think KDR are the bigger fish in finland, however sunrise may be worth a look.

[ukmassy] 05/10/2010 18:23

Guys,Where do you see the share price by the end of the week? 2p?

[gardenboy] 05/10/2010 17:19

pistolpete,

thanks for the recent Astaire Securities Research Notes - have put a link in the header.

[nigthepig] 05/10/2010 16:41

pistolpete and 2magpies - many thanks for the link.

[2magpies] 05/10/2010 15:57

" - 5 Oct'10 - 15:10 - 15 of 20


The reason for the rise???

"

That research note shows VML to be the lowest cap for the amount of cash it has.

So if the main thrust of Astaire's point holds true then VML should be revalued the most -- more so even than SRES

[goldeneye5] 05/10/2010 15:45

KDR do have a link up with RIO Tinto and a very sweet one, if you read the details. They persued KDR, Great deal for both parties.

[arf dysg] 05/10/2010 15:22

KDR doesn't have a "link up" with Rio Tinto. It's exactly what Sunrise Diamonds had - maybe it was also with Rio Tinto - access to RT's database in return for an option of buying into any commercially-viable project.


This costs Rio Tinto nothing and gives them a piece of the action if KDR finds something.

[double6] 05/10/2010 14:40

KDR - Karelian.

Diamond play.

Capped at £1.4mln.

70% of shares tightly held.

Recent link up with RIO Tinto.

Online 2.25/2.75

[ukmassy] 05/10/2010 14:33

Just bought in at 1.4p. Hope it's not a pump and dump!!!!

[pistolpete100] 05/10/2010 14:21

top of the leaderboard no less!!

[mikkydhu] 05/10/2010 14:20

Many thanks for that, pistolpete. Very helpful.

[pistolpete100] 05/10/2010 14:10

The reason for the rise???

[double6] 05/10/2010 14:01

About time!!!

Take a little peak at IMIC also - interesting investments, with £1mln waiting to spend on mining exploration stocks.

[pistolpete100] 05/10/2010 13:58

fair enough comment xcap - guess we'll see soon enough. It is pleasing to see this company get noticed after such a long time.

[xcap] 05/10/2010 13:54

I agree, i don't believe there's any leaked info, just investors assessing this as a fair play situation with small downside risk at these prices. I like the CEO and his management team. Always working with restricted cash resources he first exercised extreme patience throughout 2008/09 and then found and executed a sound commercial plan in purchasing promising assets on, in my view, very attractive terms, and thereby diversifying the company's portfolio. There should be newsflow in the coming weeks/months re Irish asset and assay results from Canada.

Lets not also forget the amount of work that has already gone into the Diamond exploartion prospects in Finland. One day, maybe 1 year down the line, demand and prices for this precious stone will pick up... otherwise why would the CEO/Board buy up additonal diamond Licence(s) in Australia.

IMHO
regards

[harrysbank] 05/10/2010 10:56

I hold but fortunately haven't been around this for 5 years! Patrick Cheetham has assembled a strong management team and his other venture Tertiary (TYM) where I also hold might also be worth a look. There is a short supply of shares for MMs and good expectations from the quantity of the management team in place and the experience, but it is a risk/reward play. Sentiment is this is going to attract some increasing interest over coming weeks. Haven't heard of any leaked info but if others have please share. of course DYOR

[pistolpete100] 05/10/2010 10:28

significant interest here - something must have leaked surely.... - back above 1p for the first time in about 2.5 years!!!

[mikkydhu] 04/10/2010 21:14

You're right, xcap and pistolpete. Thanks for pointing it out. Lots then to look forward to here in the fairly short term. And, judging by today's share price rise and volume traded, others think so, too.

[xcap] 04/10/2010 20:59

mikkydhu, the 5 May 2010 RNS states "exploration to start immediately with drillling planned for summer"

Plus www.minesite.com in their article dated 6 May 2010 comment "Even as work in Derryginagh continues, the focus now shifts to Long Lake where drilling will get underway fairly shortly. Sunrise has £450,000 in the bank – enough, says Patrick, for it to complete all its plans for the summer, and to take it through to the end of the year. By that time drilling on Long Lake should hopefully have delivered some positive results, so that when the time comes for the next round of fundraising the shares have moved on from the current 0.67p. That's the idea, anyway, and if historic drilling results are anything to go by, it's not such an outlandish one".

regards

[mikkydhu] 04/10/2010 10:59

I think what is under way in Canada is a drill planning programme rather than actual drilling. Whether they drill in Canada or develop a barite mine, they'll need funds. In my opinion it'll be easier to get funds from an offtake barite partner than for drilling a gold prospect in Canada.

[pistolpete100] 04/10/2010 10:16

another large buy gone through...

In terms of the barite project - this is obvious goin to be given priority in terms of getting some cashflow generated.

However, I am still expecting drilling/exploration activity to be completed - particularly initial drilling results from Canada. At least that lets everyone know whats there - even if they then put it on the back burner whilst they focus on the barite...