Sunrise Resources Share Discussion Threads

[theaviator] 20/10/2020 22:07

Assumption can be a dangerous thing....

[loot2309] 20/10/2020 21:49

It says the company is 'required to pay the bond' within 60 days.

I would suggest that having stated that in an RNS then they are not required to issue another RNS to confirm it. In fact I would suggest that if it's required then if they had not paid it then they would need to notify the markets as they didn't comply with a license condition.

[theaviator] 20/10/2020 21:26

Or a 50/50 JV with a big perlite company.Look at bzt... They selling their asset, getting 6.4ml in shares and a 20% of a 2billiom asset which equates to 400million NPV. BUT before that the customer needs to know they can depend on the cross section on 256 acres. This alone takes time and yes we DO need to know about the bond and commencement of trial mining.

[theaviator] 20/10/2020 21:23

My feeling is he will be looking for a non brokered private placement for this kind of money and Id be going all out for it! Kirkland werent listed and private but we ARE listed. It puts us in a better position for this kind of a raise.The project speaks for itself in terms of value - he needs to unlock it now and I'd be all for a 10 million raise because three years down the line it's nothing!!

[theaviator] 20/10/2020 21:17

Again from present - The "non investment option"Low Capital Cost Start up Option - Sell run of mine ore to cement companies (e.g. commercial trial now completed). Low risk, lower cost but lower value product.----------------------I gather from what PC has said on interview he would go all out for investment option. After all 10million dilution would be nothing in grand scheme. 100% worth it! Many companies raise that kind of money......THIS is the way I hope he goes to be honest.

[theaviator] 20/10/2020 21:13

Jon, Take a look at dilution over ten years then ascertain if PC was bothered about diluting his own holding?

[jonboycider] 20/10/2020 20:49

I can only assume that it's not a regulatory requirement to RNS this kind of information, although it certainly would have been nice to know. PC raised £1m so the funds were available from 1st September to pay the bond.

So in my opinion, if mining can't start until the Bond has been posted, the earliest that mining would have started is at the start of September. I've corresponded with PC and although no information was divulged, from reading in between the lines, I don't believe that a mining team had been mobilsed in September to go and collect the larger samples for delivery to potential customers.

Lets hope that the work has now commenced. But even if it did start earlier this month, with delivery times to the Cement Co's and their testing timescales etc, I don't think we'll get any news until December at the earliest, but more likely the new year.

Just my opinion and would love to be wrong and hope as much as anyone that we get a substantial RNS some time soon.

[theaviator] 20/10/2020 20:40

So PC, you HAVE to RNS as its market sensitive and we need to know what's going on with it! IF it hasn't been done an RNS to tell us why not.....!!!

[theaviator] 20/10/2020 20:32

Exactly!...and no rns......It's VERY important!

[jonboycider] 20/10/2020 20:31

RNS 29th July

"Financial Bonding
The Company is required to post a reclamation bond of $106,939 within 60 days of the Decision Record. This is held by the BLM pending successful closure and reclamation of the project. This amount can be bonded partially in cash and partially by annual payments to the Nevada Bond Pool.
This initial bond is to cover trial mining and infill drilling in the Main and Tuff Zones and drill testing and bulk sampling in the Northeast Zone as described above. Further bonds will be required as the Company moves into successive mine phases."

The decision record was 28th July. 60 days is 26th September. The bond should already have been paid.

[theaviator] 20/10/2020 20:20

Ps EEE may be worth a throw

[theaviator] 20/10/2020 20:17

Sam, believe me it's better been tweedle Dee.... At least there's hope. I just think you missed it. You at least can't be told you are bone Idle. You did alot of good work on coordinates two years back and generally v helpful. I actually appreciated it. The other though......Right beer please. Not a time to be thinking about investments!

[theaviator] 20/10/2020 20:12

Tipped off you were eager to chat.It's not the bonding that concerns me, we should have the money but it hasn't been done as has to be rnssd immediately and digging can't commence prior. So there's a month then another month for testing?! Meanwhile they all think ohh offtakes any day.....One day we may even have a civil conversation! Sidekick - no chance!

[samspade4444] 20/10/2020 20:04

I thought you had filtered me? Lying again i see. Stop worrying about the Bond. Its peanuts.

[1lovejoy] 20/10/2020 20:03

Simple question, I hold only 40m shares but do you hold aviator.

[theaviator] 20/10/2020 19:46

Typo *on recent RNS.......Smoke and mirrors. When you got rose tints on they really steam up v quickly in a covid mask......the clue is in the interpretation and the ones who actually trade well are the ones who read what is on the page NOT what they want to be there!Beer time!

[theaviator] 20/10/2020 19:44

More hints in RNS to come next week.......Drip drip drip....

[theaviator] 20/10/2020 19:41

When bond has been paid someone let me know lolAlso folks look back at that company statement from end May rns. Everything is in RNS and that's what we go on....No digging can happen without the bond being paid. That I believe is a fact!!! So.....how long from digging to get those samples to clients?...Lol Clueless buffoons!

[samspade4444] 20/10/2020 19:38

No need to get personal chim. Just try keep to facts

[samspade4444] 20/10/2020 19:19

That says it all when you are pinching sourtraitor's phrases pmsfl!

[samspade4444] 20/10/2020 19:16

Yes chim, I would suggest you pm folk rather than spreading your drivel on here. Its about time you were questioned about your integrity (what little you have). You can't bare to be questioned repeatedly. You cry bullying but we all know your tactics.

[theaviator] 20/10/2020 19:14

It's not hard to read and put the puzzles together but it is for some thickos and lemmings.