Sunrise Resources Share Discussion Threads

[ianpuddifoot] 19/12/2020 19:41

I struggle to understand you Theaviator, I have made money out of SRES but in my mind now is the chance to make a bit more probably not to the dizzy height of GGP which has made my retirement very comfortable is ECR the next GGP?

[theaviator] 19/12/2020 11:14

All the signs there in that RNS. They even went 50 50 for the trial samples LOL So there will be 7million worth dilution coming here imho as the JV will share the costs. 7million is still alot of money for a v small company like Sres. Hence the so will be alot cheaper too imoDyor....

[theaviator] 17/12/2020 21:15

Rod I've made my money here. Unless it's cheap cheap and worth a trade, I've a fair idea what will unfold. Anyway a V Happy Christmas to you and yours!

[michael1980] 17/12/2020 20:25

Well done as not invested in sres. You know when this moves and always in unexpected you will be caught out not holding. Remember you aren't that good when trying to buy at 8am after cracking 7am rns.

[theaviator] 17/12/2020 08:34

Just shows the time line involved here doesn't it

[loot2309] 17/12/2020 08:27

I am not necessarily fussed whether the markets react to this RNS, they probably won't, but I consider it a really positive one for the future of the company.

Obviously nothing is signed and sealed but they have a major concrete provider investing in detailed tests and being in discussions about a JV. Other ongoing tests for Perlite customers too.

[theaviator] 17/12/2020 07:55

Loot when a conpa.y had to waste money on rnss like this it's a shame. We expect trialling eh....?! ;)Market wants OFFTAKES!

[theaviator] 17/12/2020 07:50

RNS irrelevant

[theaviator] 17/12/2020 07:49

More BS RNS no offtakes

[loot2309] 17/12/2020 07:46

Well that seems a decent RNS. initial tests passed and now a major concrete company conducting, and part funding, a larger test and a development agreement being discussed.

[theaviator] 15/12/2020 21:45

Hahaha you got to try harder than that Rod! Ujo we get another go soon. Was beautiful! Oh btw I called it lower when it was .20! The joys of trading... yes that's right because AIM is NOT for investing! It's for TRADING!Rinse repeat rinse repeat. A bit like placings and dilution....You all are on Lse thinking Sres is going to take off on MOU small dig contracts .... LOL Watch this space..... Getting very cold in Nevada now isn't it.hahahah Fool!

[michael1980] 15/12/2020 20:35

Your starting to learn. Why 2022 is chimp or aviator wants share price in low teens. Hope you didn't follow his ujo ramp at.002. Ouch if you did.

[theaviator] 14/12/2020 21:29

Obviously this does not take into consideration the mobile crusher and contract raw ore mining but I'm quite confident Patrick and most investors are aware this will hardly pay the bills.

[theaviator] 14/12/2020 21:19

Ps Jane's point may actually very apt for us. It's a good one.

[theaviator] 14/12/2020 21:15

Regarding Jane's point. We know from previous presentation that the demand isn't great for the "first option" don't we???! So Jane is saying there is no rush for the product or Boral to built plant? If that were the case why invest at all then?! LolI disagree because good quality perlite is actually in reasonable demand but there are alot of steps in building a processing plant which is why it has taken Boral over a year from permitting to even get started which again brings me back to timeline....Am afraid it's not a case of "come on aviator" it's a case of reading what is on the page not what you want to be there.

[loot2309] 14/12/2020 21:09

I appreciate what you are saying but its a big leap to suddenly decide they won't be mining until 2022. There could be many reasons why he isn't shouting things from the rooftops.

And Jane makes a very valid point about Boral.

[theaviator] 14/12/2020 21:00

Well put it this way Loot, if you were a CEO and your company being cash flow positive with mining imminent wouldn't you be shouting it from the rooftops?! Sure as hell I would. To be completely fair to Patrick he seems to have said it how it is, which am fine about and tbh I expected this... As ever dyor and only my opinion

[loot2309] 14/12/2020 20:36

Come on Aviator you have absolutely no idea that it will be 2022 and Jane makes a perfectly good point that you haven't really addressed.

[theaviator] 14/12/2020 11:05

Oh for sure no rush Jane. Nor will there be here I can assure you. ;)

[janestone] 14/12/2020 10:14

The point is that boral are in no rush as they have fly ash contracts that will run out when the power plants close.

[theaviator] 14/12/2020 10:10

I think it will be Q4 next year at the earliest here but more likely 2022 before any ground is dug. It would allow enough time for him to trial a much larger cross section with a view to sell including New Perl. With all things being considered Jane, I believe a sale would perhaps be the more appropriate route for a small company like Sunrise. Whilst I would like to see a JV and phase 2 I also realise what this would likely mean for investors.

[theaviator] 14/12/2020 10:01

htTps://ibb.co/DpP2nyq

[theaviator] 14/12/2020 09:56

As per Boral presentation, they still building the plant.

[janestone] 14/12/2020 09:48

Kirkland probably isn't producing because boral have the project under their belt but also have contracts for fly ash. Why use up a resource that you fully own when that will remain long after you've used other resources

[theaviator] 14/12/2020 09:25

They seem to be wondering LSE why timelines have been moved. Well Kirkland still haven't "produced" anything. Takes some time and a lot to do.Yes Pete here is hoping...