Sunrise Resources Share Discussion Threads

[yasx] 30/1/2024 10:44

1Wager,

I am firmly of the opinion a placing is likely this quarter - assuming you think the same, would it not be sensible to lower your average by buying discounted shares in any such placing?

Rhetorical question by the way….

Alternatively you can embrace the guff from Aviator - his view, unencumbered by consideration of headwinds facing the company, has been news is on the way set to cause sres to treble. The problem is he has been offering the same twaddle all the way down from 0.25p!!

[theaviator] 29/1/2024 18:15

No I get it I do. Frustrating but....I don't think we will see our 2% for a while.https://www.goldenmetalresources.com/project/garfield-project/

[1wager] 29/1/2024 17:08

Yeah I totally agree with you aviator. It’s the market that decides when to go not PC. I am just a little tired of hearing discussions at the end of each year. I could seriously pull my average down at this price but I’ve pumped enough into this. Do we have any royalties at this golden metal resources price rise or not? I thought we did …..

[theaviator] 29/1/2024 16:57

It's actually not poor. It's totally normal in this business and he is absolutely bound by a set of rules. I had to try damned hard to even get sales prices of a CMRC to work out margins. They don't give much away.Folk blaming the helmsman when it's the industry at large at the moment and I posted not long ago about looking towards 2025. Of course news can drop any time but sadly am not psychic. I think news will also drop in the interim on other fronts.

[1wager] 29/1/2024 12:19

I’d think more of PC if he told us that discussions have gone as far as they can at the moment and will cease until a time that cement companies want the product. To keep telling us after 4 years we are still in discussions is poor with no advancement.

[yasx] 29/1/2024 08:25

New lows again - yet again, Aviator proving to be the perfect contrarian indicator.

I months ago did highlight why this was heading substantially lower, but the fools thought they knew better.

[theaviator] 26/1/2024 12:56

All I see is a string of blank posts on filter. The little trolls must be out in force hahaNot interested in metals as too expensive to produce. AISCs are mad for gold around 1500 an ounce and silver around 12

[yasx] 26/1/2024 10:39

Well, youn suggest they need a placing prior to becoming cash generative - so why were/are you buying in advance of a probable placing? Are you really expecting them to place at a premium.

The reason it has been going lower for some time is because:

a) they have failed to deliver any constructive deal.

b) they likely need funds and for the aforementioned reason holders have been selling. They can buy whatever they want back in the placing.

I wrote previously (when the shares were around 0.15p)that a placing at say 0.025 might be fair - perhaps I was being generous. As ever, time will tell.

[1wager] 26/1/2024 08:33

Some1 is unloading heavily day after day. May need to soon decide if it’s worth gathering the holding I have left if it carries on now. Golden metals are flying now. The royalty buy out would be nice now otherwise we may struggle to continue. PC will be flying out to his drill ready sites and spending

[theaviator] 25/1/2024 16:05

Most don't understand the nature Dave and that they are exploration companies. Not many of them have an actual product to sell but we do.

[irishdave2] 25/1/2024 15:55

All mining companies need funds by way of placing shares until they get revenue stream.when C.S.site deal is concluded we will see true value.Which will surprise some investors.

[yasx] 25/1/2024 15:24

1Wager,

It was not optimism - the reality is they need funds since without the same the going concern statement won't make good reading.

"The successful raising of finance is required based on projections to enable the Group and Company to meet their liabilities as they fall due and continue to operate on a going concern basis"

In other words, the ability of the Co. to continue is contingent on a successful raise. Do you not consider these things when forming a view or, like Aviator, do you simply stick your head in the sand and hope miracles will happen?

[irishdave2] 25/1/2024 14:45

1wager you are correct.Good news will follow.

[1wager] 25/1/2024 14:39

What gave everyone so much optimism to vote through the proposed sub division of share capital in November!! I thought PC may have assured them that something is on the horizon.

[yasx] 25/1/2024 08:41

Am surprised it is still hovering around 0.05 given the update yesterday. One would have expected it to go lower and considerably so.

[theaviator] 24/1/2024 16:35

Ps Don't be so sensitive

[theaviator] 24/1/2024 16:34

Trying your hardest eh.....I just closed the spread a bit ;)

[yasx] 24/1/2024 14:32

Why on earth would anyone buy in advance of a probable placing? I just don't get it...

[theaviator] 24/1/2024 13:50

I couldn't get too much. Got a bit lol

[irishdave2] 24/1/2024 13:29

Not much stock available you are correct aviator.

[theaviator] 24/1/2024 13:19

False spread and just chancers holding it down. That simple.

[1wager] 24/1/2024 12:41

How can we be in the red when buys out weigh sells? I’ve seen this price drop considerably for not a lot of big sells. Something doesn’t add up

[loot2309] 24/1/2024 12:39

Well this is depressing.

[theaviator] 24/1/2024 11:57

Looks like the scum are out in force. LOL Anyway I'm accumulating