Sunrise Resources Share Discussion Threads

[jonboycider] 19/5/2021 10:34

Does this change the financials though? Doesn't it mean that we are still just supplying ore to the CRMC at ore prices. The CRMC will manage the grinding themselves so we can't charge more by supplying a processed product.

We wouldn't be supplying a processed product to other customers using the CRMS facility either.

So what's changed. We're in discussions with CRMC about a JV or sale of the full project. We knew this to be the case last year so in my view, we haven't learnt anything new.

Don't get me wrong, I fully expect SRES to come good. I just think that we are another couple of months away from hearing about potential contracts with the CRMC.

[theaviator] 19/5/2021 10:14

This is the exciting bit Jon..."The use of the CRMC's surplus facility will allow for a low capital cost, low risk start up to production"These are the guys we trying to impress and progress is clearly being made and market seems happy with it. I think it's a major announcement tbh

[jonboycider] 19/5/2021 09:58

Ground-breaking news, PC is still awake after all.

Sorry, I can't get excited about this RNS, what have we just been told that we didn't already know? We knew at the start of the year that a bulk sample was being sent to a CMRC for large-scale commercial trials. Brilliant, they have managed to grind it. I would have expected nothing less. It still needs to be poured and cured in a commercial setting which is going to take at least another month.

All this RNS proves is how far behind schedule the testing is. "production in spring" to quote PC.

Yes, I'm being a miserable git but this isn't new news. We already knew that all of this was going on and quite frankly I would have hoped that we had already had a commercial pour completed with results.

I expect the share price to increase in the short term but it will drift again when we have another period of radio silence.

[janestone] 19/5/2021 09:47

Crikey I might have to dust off my password for my trading account hahaha

[pistolpete100] 19/5/2021 09:34

Keenly awaiting our inside mans take on today's RNS ;)

[nicosevos] 19/5/2021 09:29

I'd say a placing is not far behind this update....Edit, imo.....
Still holding a few!
gla

[theaviator] 19/5/2021 09:29

Lol Yeah I agree with all there Pete

[pistolpete100] 19/5/2021 09:20

I think this is very positive - reading between the lines this looks very much like a sale is being lined up - if the market pulls back then that's definitely a further opportunity to accumulate - I think funding is still a question mark, but less of an issue now - again - reading between the linesI also have to say what fortunate timing for our recent £100k buyer - what a stroke of luck! ;)

[theaviator] 19/5/2021 09:12

What we now need is something like on Iron below..*Chris Moja: Talks are at an advanced stage with a major partner seeking to take a strategic equity stake in the Company at a premium to the current share price."

[theaviator] 19/5/2021 09:07

Not sure this will sustain though.. hmmm

[theaviator] 19/5/2021 08:47

And there it is. Timing eh lol

[martyminer] 19/5/2021 08:10

This is ground breaking progress, pardon the pun. Can PC finally pull something off into production and profit. I'm very optimistic about this.

[theaviator] 16/5/2021 08:43

Sample news is due here I think.....?

[theaviator] 16/5/2021 08:17

Ps never advice given. Am not qualified...just enjoy reading lol

[theaviator] 16/5/2021 08:15

V welcome. Phase in phase out but think we will be good and a different place by Aug spud.Sres just needs CS news. Fingers crossed....

[irishdave21] 16/5/2021 07:29

Will take your advice and buy ADV next week. Many thanks.We can see which one makes most advance by August.

[theaviator] 16/5/2021 05:21

I got a hot tip for you Dave just because I feel sorry for you for Specsavers giving you Auntie Mabel's double glazing by mistake.Buy Adv and by August you'll have doubled your money - then you'll have double the dosh to put into Sres sub .10 after the placing.

[irishdave21] 14/5/2021 20:15

Very large buy orders are in place. The large buy on 13-5-21 is only the start.

[pistolpete100] 14/5/2021 16:35

Those yanks must have slept in again....

[theaviator] 13/5/2021 16:02

Lol can you imagine.

[pistolpete100] 13/5/2021 15:59

Haha - imagine what an Elon pump would do for little old Sres!!

[theaviator] 13/5/2021 15:58

Pete, I rekon Dave knows Elon is dumping his bitcoin for Sres and buying a few extra with the green money sleepy Joe has just given him.

[pistolpete100] 13/5/2021 15:16

I would note this is the new new IrishDave - joining ADVFN literally today lol! - why the continual change in profile?

[pistolpete100] 13/5/2021 15:14

Ah Irishdave has returned - at least brings some banter to the board - given PC is unable to provide any banter - or any news of any sort really...