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SRES Sunrise Resources Plc

0.00 (0.0%)
07 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sunrise Resources Plc LSE:SRES London Ordinary Share GB00B075Z681 ORD 0.001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.065 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.06 0.07 0.065 0.065 0.065
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels -478k -0.0001 -6.00 2.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.065 GBX

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Posted at 07/12/2023 08:20 by Sunrise Resources Daily Update
Sunrise Resources Plc is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker SRES. The last closing price for Sunrise Resources was 0.07p.
Sunrise Resources currently has 4,095,052,030 shares in issue. The market capitalisation of Sunrise Resources is £2,457,031.
Sunrise Resources has a price to earnings ratio (PE ratio) of -6.00.
This morning SRES shares opened at 0.07p
Posted at 17/11/2023 11:49 by 1wager
I read someone’s comments on another share chat. What have we spent the net zero money on and the $50,000 from tolsa!? And yet we are asking for more!!! I really hope your Dave for all our sakes! Been a long few years seeing share price tumble.
Posted at 08/11/2023 18:57 by theaviator
Absolutely agree. Other projects waste time. Remember diamonds and barite?!I'm voting against! He's had plenty time to raise when share price higher. I'm not supporting it. Remember same on TYM a few years ago and resolutions weren't passed and share price flew??!If Sres continues like this he will find that a few shares holders will club together and buy the damn company! Yes we can!
Posted at 07/11/2023 21:49 by mick1909
Sunrise Resources Plc08 June 20238 June 2023SUNRISE RESOURCES PLC("Sunrise" or "the Company")DIRECTOR DEALING, ISSUE OF EQUITY & TOTAL VOTING RIGHTSSunrise Resources plc wishes to announce as follows:Issue of New Ordinary SharesPursuant to terms first agreed on 20 August 2008, and in order for the Company to preserve cash for its project activities, the directors of the Company will again be receiving settlement of a portion of their outstanding fees in ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), calculated with reference to the closing mid-market price on the trading day prior to the issue of the Ordinary Shares. The Company is also settling a portion of fees payable to a supplier in Ordinary Shares at the same price.Today, 8 June 2023, the Board resolved to issue a total of 18,519,800 Ordinary Shares (the "New Ordinary Shares") being 15,519,800 New Ordinary Shares to be issued to the directors in settlement of a portion of outstanding net fees, for the six-month period ended 31 March 2023, and 3,000,000 New Ordinary Shares to be issued to Mining and Metals Research Corporation.The following table shows the number of New Ordinary Shares issued to the directors and their total holdings following the issue of the New Ordinary Shares:Director Number of Total interest % of Company's New Ordinary in Ordinary issued share capital Shares issued Shares following following Admission Admission --------------- ------------------ Patrick Cheetham* 3,452,020 255,785,016 6.41 ------------------- --------------- ------------------ ---------------------- Roger Murphy 6,033,890 78,785,677 1.98 ------------------- --------------- ------------------ ---------------------- James Cole 6,033,890 20,555,653 0.52 ------------------- --------------- ------------------ ---------------------- * includes 5,500,000 shares held by K E Cheetham, wife of P Cheetham.
Posted at 17/10/2023 12:57 by benchmark
"Research" and "investors" - what a laugh and such a mis-use of words in relation to SRES and the daydreamers who follow it (as well as the charlatan who insidiously promotes it.

The idea of a value of 2 to 3 $ billion - that is just mis-leading. Firstly, its a totally notional figure and then one has to take into account some kind of split with a JV partner, the costs of bringing it all into production, the cost-of-sales etc. And never forget that whatever income might EVER (if ever) accrue to SRES, it will have to seen in the context of a 4.1 BILLION share issue. To fund any future projects (and Sunrise has certainly left a trail of failed projects in its wake), even more shares will have to be issued. Further dilution.

And meanwhile, the share price slides - there is a message there but most won't want to know.
I write this in the hope of deterring anyone who might imagine, from the overly optimistic postings on this and on another bulletin board, that there is a fortune to be made here.
Posted at 20/9/2023 13:48 by 1wager
It’s people who have been here a long time that are getting fed up! We believe in the resources that’s why we are here! It’s just constant years of seeing share price fall and no news! I was here when the share price was 0.40!!
Posted at 20/9/2023 12:57 by loot2309
“Loot 2309 - we got a 50k injection from ToLSA last year and also an investment from an outside party “towards net zero” £450,000 and our share price it didn’t move at all!! Infact we have gone down. The money hasn’t been used well at all. We have gone backwards. It’s probably paid for PCs jolly’s and help fund TYM.”

$50k to keep an option open and $400k of dilution is really not the same thing at all as a deal being done, $1m being deposited into the company accounts and an ongoing royalty on an operation backed by a major.

That will move the share price and comparing it to last Xmas is just not correct.
Posted at 20/9/2023 07:27 by benchmark
Theaviator - aka The Pied Piper of Hamlin. He has led you all to believe that this heap of rubbish is somehow, magically, going to make other gamblers rich. SRES - a less than 1/10th of a penny ahare and with over 3 BILLION shares in issue! And the man at the helm (Cheatham) has been floundering from one failed project to the next, see-sawing his attention between SRES and TYM, soaking up so-called "investors" money time and time again with recurring fund-raising.
For any in doubt, do yourselves a favour. Load up a spreadsheet and do a quick calculation. What would the value of a discovered asset need to be to justify the share price doubling from its present level? It should open your eyes!
Posted at 16/7/2023 14:29 by theaviator
Nobody is forcing you to buy it but don't pretend you are the good samaritan posting here trying to save souls. The share price has been here before and some of us bought it down here and sold close to .40! Those "some of us" are quietly topping up again with previous profits from free carries. I first starting buying back in here from .14 and would do it again!You are failing to omit that Sres is funded for the next year at least. If the share price hasn't at least doubled from these levels within a year from now I'll eat my hat and give up investing! Why have a I got a feeling something big is around the corner..... Hmmmmm
Posted at 16/7/2023 08:17 by benchmark
Vulnerable? Yes - those who have put money into SRES are indeed vulnerable because there is a fair probability that consolidation is around the corner. And consolidation rings alarm bells for shareholders. The reality is that SRES doesn't even qualify as a "penny share" - its worth only around .085 of ONE PENNY. As such, the company can have no credibility with significant investors. An obvious way to attempt to achieve some respectability would be to consolidate the share issue thereby increasing the share price while maintaining the same market cap.
SO - at present the company has 4,023,623,459 in issue (Yes - over 4 BILLION shares) at, say, a value of 0.085p per share. This gives a market cap of £3.43 million.

Consolidating 1 for 10 would lift the share price to 0.85p
Consolidating 1 for 100 would lift it to 8.5p
Consolidating 1 for 1000 would raise it to 85p

It would have to be the 1 for 1000 option, otherwise SRES would still be in the "penny share" category.

The result would be that all shareholders would have their holdings reduced by a factor of 1000. If you did own 5 million shares then post-consolidation you would hold just 5000. But the share price would have increased from 0.085p to 85p. Market cap would remain unchanged.

And this is where the vulnerability comes in. At present, shareholders may think that at a share price of 0.085p that it can't fall much further. Whether or not that is correct, it is a totally different matter if a share consolidation was implemented. Then, at a share price of 85p there would be plenty of space into which it would drift downwards ... 82p ... 77p .... 70p ... 68p...

There are a few posters here who would do well to look in the mirror and into their own consciences. Its all very well to waste ones own money but to pump unfounded optimism into this worthless company and encourage others to waste their money too is pretty despicable. And the disclaimers of "IMHO" and "Do your own research" doesn't exonerate the rampers either,
Posted at 06/1/2023 09:29 by benchmark
The most likely scenario is a consolidation. Taking the present share price of approximately 0.105 of a penny, a 1-for-1000 consolidation would see the current share issue of 3,833,559,087 reduced to 3,833,559 with a share price of £1.05 and market cap remaining unchanged. Also likely that a fund-raising round would accompany this so, for example, to raise another £3.883 million approx would require the issue of the same number of shares - again approx. (And the issue would probably need to be at a discount of at least 10%). Such a share issue would effectively dilute the value of existing shares by 50%.
With a new post-consolidation share price of £1.05, there are 2 obvious possibilities - 1) a great deal is done and the share price increases until further funding is needed or b) a deal isn't forthcoming, nor do any of the other "projects" materialise. In this case, the share price is most likely to slide.
Sunrise Resources share price data is direct from the London Stock Exchange

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