SUNRISE RESOURCES PLC






Sunrise have a significant opportunity on its Barite resource in southern Ireland,where global supply is tightening due to chinese export restriction sunrise could become a major player in the european barite market. Sunrise resources also have an interesting stake in two diamond projects and also a gold project in canada with scope for additional resources of copper / nickel / platinum.


Market Cap - £3.2m

Shares in Issue - 312m

Epic - SRES

Market - AIM


Sunrise Resources plc is a British-led diversified mineral exploration and development specialist.The Company's objective is to develop profitable mining operations to sustain the Company’s wider exploration efforts and create value for shareholders through the discovery of world-class deposits.

The Company is evaluating a product opportunity for white barite in south-west Ireland and has an exploration portfolio including gold and base-metal exploration interests in Canada and diamond exploration interests in Finland and Western Australia.



DERRYGINAGH BARITE PROJECT, IRELAND

Assay Results Due for release end of january 2012:

In May this year, a positive concept study was completed which suggested that a profitable underground mining operation could be developed for at least 50,000 tonnes of barite per year. Metallurgical test work continues with the objective of defining a low cost gravity separation process for the production of high-grade barite. An initial drilling program is also underway to evaluate the resource potential of the barite vein
.
Whilst the barite programme may be relatively small in comparison to original Long Lake expectations, the commodity is increasingly scarce and pricing and demand demographics are strong with supply from China looking particularly squeezed.

As an illustration from a very high level 50,000 tonnes per year would probably generate revenue of over $10m per annum at current prices. Assuming at least 20% margin the project could return operating profits of $2m per annum. Capital expense is likely to be at around $5m and certainly not more than $10m. Thus a five-year project would offer a reasonable payback and a ten-year project an attractive return. We believe if results continue to encourage, this project could underpin the company and provide free cashflow to pursue larger exploration targets.

DIAMOND EXPLORATION, AUSTRALIA AND FINLAND

Projects in Finland are currently on hold but work at the Cue exploration licence in Australia is expected to commence in early 2012. Cue is an interesting project that was originally discovered by De Beers which
recovered 13 diamonds from a small 64kg sample. Unfortunately there is no known data on the size or value of these diamonds.A small and inexpensive drilling programme starting in early 2012 is expected to help define the quality of the Cue’s diamonds.

The exploration licence application (ELA20/727) covers an area of approximately 70 square km and is located 70km to the north-west of the town of Cue in the Murchison Mineral Field in the Yilgarn Craton of Western Australia.The Cue region was explored by De Beers in the period 1994-2002 during which time De Beers discovered a number of kimberlite dykes in two separate areas within the Company’s application area.At the "Cue 1" locality a kimberlite dyke outcrops and is reported by De Beers to be 2-3 m wide. Several drill holes intersected the dyke and one vertical hole intersected kimberlite from surface to 60m depth. At Soapy Well, 7km to the west, at least three closely spaced kimberlite dykes, up to 3 m wide, were encountered in two drill traverses spaced 400m apart.

De Beers described the Cue project kimberlites as olivine macrocrystic hypabyssal kimberlites. It did not report the results of diamond sampling, although some time after the first discovery of the Cue 1 kimberlite De Beers described the area as having "...excellent potential for discovery of kimberlites and diamonds."

De Beers carried out an extensive regional exploration programme in the north-west part of the Yilgarn Craton involving stream sediment sampling, soil sampling, airborne geophysics and drill testing. De Beers last open-file report on the area reported that “….anomalous heavy mineral results from areas that are structurally analogous to the Cue and Soapy Well kimberlites suggest that additional kimberlite intrusions remain to be found.” Sunrise has carried out a preliminary evaluation of these results and included the most anomalous areas within its exploration licence application.

Also of interest within the licence area is a sulphide-bearing gabbro dyke that was intersected in several drill holes by De Beers prior to the discovery of the Cue 1 kimberlite. Although not of interest to De Beers for diamond exploration, the gabbro dyke is now targeted by Sunrise for PGM’s and gold. It is located in the same region as the Weld Range PGM deposit (inferred resource >0.5 million ounces platinum+palladium+gold) the discovery of which was initiated by the current Sunrise Executive Chairman, Patrick Cheetham, when Joint Managing Director of Dragon Mining NL.

The new licence application area has not been held under licence since the De Beers licences expired and their exploration results did not become open file until 2006. Consequently the occurrence of the Cue kimberlites is not widely documented.

The Company has applied for Exploration Licence 20/727 through a new wholly owned subsidiary in Australia – Sunrise Minerals Australia Pty Ltd.

The Cue project is the first of a number of new projects planned by the Company to broaden its geographical base and widen its commodity interests which, to date, have been focused on diamond exploration in Finland.

LONG LAKE GOLD PROJECT, CANADA ( plus potential copper / nickel / platinum )

Drilling this year produced mixed results with some early success followed by a disappointing second campaign Near surface mineralisation appears to be limited but Sunrise Resources believes there is still exploration potential down dip of the mineralised pipe. Results thus far have however only uncovered minor gold mineralisation at depth and a detailed structural analysis of the area is required to refine targets. At the E1 prospect, located 350m to the south of the Long Lake Gold Mine, sampling defined a number of high-grade gold intersections but lacked the continuity suggested by geophysical work.

The company is currently evaluating its data in the hope of better delineating the structure. Sunrise has probably spent sufficient capital to honour the next year of its work commitments under the option agreement and its next payment, a modest £75k, is payable in May.

Sunrise Resources is also examining the area for copper and nickel potential on a possible 10km long extension to the Copper Cliff dyke system which hosts a number of large copper-nickel-platinum group metal deposits. Mapping, sampling and geochemical work is required in order to establish the potential for Copper and Nickel and PGM mineralisation.

Executive Chairman – Patrick Cheetham

Mr Cheetham is the founder of the Company. He is a mining geologist with 29 years experience in mineral exploration and 23 years in public company management. Mr Cheetham started his career as an exploration geologist in Australia with Western Mining Corporation and prior to that worked for Imperial Metals Corporation in British Columbia, Canada. From 1986 to 1993 he was joint managing director of Dragon Mining NL, during which time he was responsible for the formation of that company, the identification of and acquisition of its exploration projects, its listing on the Australian Stock Exchange and the subsequent development of its exploration projects. Patrick co-founded Archaean Gold N.L. in 1993 - the subject of a successful $50 million takeover bid by Lachlan Resources NL. He is currently also Chairman of Tertiary Minerals plc.

Northland Capital Report Summary:

http://www.sunriseresourcesplc.com/download/Northland%20Capital%20Reserach%20note%2016%20December%202011.pdf


2011 has been a turbulent year for Sunrise Resources as excitement over initially encouraging Long Lake results gave way to disappointment that the second drilling programme failed to extend the mineralisation encountered in the first programme. However, the prudently run company has a portfolio of assets and has been more successful moving forward its underrated Derryginagh barite project. Derryginagh has the potential to underwrite the business going forward as the company pursues other, possibly, higher impact prospects. Having peaked at 6.7p, shares have since fallen back to 1.05p, a capitalisation of £3.4m. From such a low base there is good scope for future outperformance given progress in any one of the three key projects.

Just been researching this one,looks good mate!

http://article.wn.com/view/2011/12/21/Barite_Market_Tight_as_China_Supply_Decreases/

"There is a growing shortage of barite supply, which has the oil and gas drilling industry looking for alternatives. Barite, the mineralogical name for barium sulfate, is used primarily in oil and gas drilling, but also is used as non-toxic filler, extender or weighting agent in plastics, paints and rubber, and as a shield around nuclear power plants. It also has medical uses such as blocking x-ray and gamma-ray emissions, and a pharmaceutical grade barite is used for barium milkshakes for intestinal x-rays".

jackson55

The barite market is now crying out for a major european supplier and sunrise could
be in the right place at the right time to exploit this,they have stated they consider
annual production of 50.000 tonnes per year and 10 to 20 years mine life on the
known resources so far, but recent statement also said there could be far more
in untested extensions. Barite could give an excellent foundation here and provide
a platform to exploit the diamond and gold assets.

The rns says a minimum 50.000 tonnes so i guess that could be revised up a fair
bit once those "extensions" are mapped.With the diamonds and gold the barite
offers a nice balance to the company and very near term production too.

morning jackson

minerales...have had my eye on this one and think it looks a cracker,same CEO as
tertiary minerals ( patrick cheetham )

bob heston

Barite is not the only attraction here as they have the CUE DIAMOND project in
western australia (former de beers property ) and also a gold project in canada.

You may find this article on barite of interest.


BARITE MARKET*

Barite or barites (syn. baryte or barytes) is the mineral form of the chemical barium sulphate. It is an environmentally friendly, non-toxic natural product. It is chemically and physically unreactive, has a high specific gravity, and low oil adsorption. It also has good sound-deadening and radiation-shielding properties. Barite has a specific gravity that is 1.7 times that of ‘normal’ rock.

These properties make barite suitable for use as a weighting agent in oil industry drilling muds and as a higher value industrial filler in, for example, paints, plastics, brake linings and acoustic panels.

There is a significant demand for white paint-grade barite in Europe but no major mine supply outside of China and India. Consequently there is a niche opportunity for a new European supplier as China’s own internal demand limits traditional exports.

Thanks for that minerales

"No major supply outside of china and india"

minerales, Thanks for the info mate,had a few cheeky buys here this morning
while its low

jackson55

Sunrise barite play is not only capable of underpinning the company but also
provide funds for their other larger projects,so its base entry here with much
potential upside,the assays from ireland are due for release before end of Jan
so not long to wait.Have been topping up myself today :-)

Nice one,think i will be going in big here soon when i free funds up

Had these for a while and was showing a significant book loss but have just bought in again which as brought the ave down and I have every confidence as China's problems will not go away overnight.If they go ahead the reduction in shipping and handling will off set the increased operating costs. One to watch.

bb :-))

Iknow I know I just cannot help myself! And besides her indoors is at the dentist!!Lol

But you can see the warped logic that I use Gibby??

beebusy

I have high hopes for sunrise and at these levels some super returns possible

minerales do you happen to have a chart of the Barite price over last 12 months ?

Anything is possible, but is it probable???

beebusy

I would say yes based on what we know,i think if they had concentrated on barite
last year instead of long lake it would be flying by now,at this level it makes a very
attractive proposition.

Nice trades starting to go through this afternoon guys

bb - yep warped is the word for it lol - watch out for mrs bb - bad day for her - the dentist and your investments - shall i call an ambulance for you now?!! have a good 'un!! :-))

sres - lol know the company inside out - as long as you dont mind a bit of a wait i am confident of high returns here - should multi bag of these dismal levels by q2 2013

Mention for SRES today on Fox Davies


http://oilbarrel.com/media/pub/var/release_downloadable_file/35321.pdf

Mention for SRES today on Fox Davies

By Stephen Asfour

Another stock I have been sifting through previous announcements in, is Sunrise Resources (LON:SRES). The stock has fallen asleep recently, and volumes today started to pick up. The RNS from the 12th of January said “The drill core from the programme has now been sampled and core samples submitted for analysis. Geological logging of the drill core is being completed and results will be evaluated together with down-hole survey data to allow more detailed information to be released after assay results become available later this month.” The last line of the statement is the one that interests me, and might explain the slight tick up in volume. I will be watching the news wires for any signs of the update.

http://oilbarrel.com/media/pub/var/release_downloadable_file/35321.pdf

minerales - as long as those results are good we will be saying adios to these levels - even just fairly good should keep sres over 1.3p bare minimum with a spike thrown in then onwards and upwards - and before you say it 1.3p is pathetic for the potential here i personally expect more

gibby

All the evidence from the RNS,s point towards the company being very confident
on its Barite project,as i said earlier when they said they could produce "50.000
tonnes per annum minimum" that is far more bullish in tone than they needed to
be so it points to many positives. Although in monetary terms Barite Sulphate
is not as high end as either gold or diamonds it could provide a steady and handy
revenue stream over a long period...which set against its diamond and other
projects provides a good balance and great foundation on which to build.

Ceo Patrick Cheetham seems to have a history of spotting opportunities at the
right time in the right mineral, as has been seen at Tertiary minerals and other
companies he has managed....in the last year or two Barite has become hot
property in relative terms. Sunrise only have a tiny market cap of just over £3m
so even the Barite project over the projected 10-20 year mine life will more than
underpin the company...it will also enable the higher end diamond plays to advance
rapidly,speaking of which they recently said that the Cue Diamond project will
start early in 2012 too.

Interesting timing of all this too with the AGM due end of jan too alongside the
barite assays,good chance of some bumper news here being carefully timed IMO.

minerales that was a great post,am starting to get a good feeling about this

jackson55

Thanks for that but there is a fair bit of general info around and i suggest some
obvious clues we about to get a few nice suprises.We are not heading back to
7p just yet but with anticipated newsflow it could easily move to 2.5p + within
a short time.At around 1p to buy at moment the term "opportunity" can be used
for sure.

To give you an idea,of the facts made available they have said the barite play
could produce a minimum 50.000 tonnes per year for 20 years,at $10m a year
revenue that makes $200m over the mine life,and all this at a modest cost to
sunrise.

This is the company,s junior project but the one that will bring the cash
in the quickest and give them a great platform to monitise CUE and other
projects without major dilution..i think the market and investors will like this.

Just seen a trade go through at 1.195p

spread is 0.95 - 1.1p, quoting me to 1.185p to buy and thats just on £232's worth

morning chaps

Buy above ask at open @ 1.195p and not able to get quote for over 100k at moment

Looks like its about to start moving up and not much stock around, i still think
there were some big buys yesterday not published yet.

Just saw a 250k buy at full ask go through and ticked up 1p-1.10p

Up 12% this am.

Some good trades starting to show up now and starting to move

Looks like they fast approaching the 1.3 Gibby!

Could have a exciting few weeks ahead here IMO

Surging away up to 11.00 am then the tide turned with a bit of profit taking seems to be evens at the moment.I have stored away some more as at this price it would be rude not to!!

beebusy

Sunrise look to have a busy month of news ahead so lots more excitement to
come im sure,this is not really on the radar yet but think it may be soon.

bb yep 1.3 :-))

:-)))))))))))))))))))

First kercccccccccccccchhhhhhhhhiiiiiiiiiiiiiinnnnnnnnnnnnnggggggggggg in eons, up over 50%.

glad to hear it bb!! remember what i said about your investments - they will all probably come good in time - well one down - loads more to go - good to see you kerrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnngggggggggggggggggggggggING LOL!! pass the good news to mrs bb - better still keep quiet about it ; lol!! that way she wont know and you can still cancel her holiday saving wads!! only joking of course - dont tell her i said that either!!

Thanks Gibby,as you say something had to give and I thought it would be me,funny enough that Atlantic global which i have hung onto has suddenly shot up this morning..POl...up ECR....UP Damn I cannot cope with this!!! Lol

By the way Gibby was told to look out for TPJ, had a look at the sheet did not send my pulse up, am I missing something??

bb - i'll have a pint of what you are drinking - its good to see that you are now drunk on success :-))) i understand how you feel having to cope with this constant success - get the same everyday myself LOL LOL joshing of course TPJ - yep prospects there looked at it before but not in there currently myself but never say never - last i knew they were in the middle of a court case and since then volumes been relatively low which can cause a swing on the sp quite dramatically easily - probably take another look soon - seem to remember drilling not far off
dont forget - nothing to mrs bb on your successes!! :-)))
hang on - whos that lady outside hammering on my door looking rather annoyed............clutching a cancelled holiday booking in her clenched fist?? lol!!!

tpj shades of oxs??????? Once bitten twice>>>>>>>>>>>>Sres had a little rollercoaster ride yesterday but I am in for the long haul. I like what I see and I will eat my mule if there is not a nice little earner on the back of this????????

Minerales....do you happen to have a copy of that GLOBAL BARITE REPORT issued
around a month ago ?

6 February 2012
SUNRISE RESOURCES PLC


DRILLING RESULTS, DERRYGINAGH BARITE PROJECT

Sunrise Resources plc the AIM-quoted diversified mineral exploration and development specialist ("the Company"), is pleased to announce high-grade results from analysis of drill core from the Company's first drilling programme at its Derryginagh barite project in south-west Ireland.



· Analytical results confirm high-grade vein intersections below historical workings.



· Results include:



§ 3.6m down-hole intersection of 89% barite from 200m in hole 11SDG004, and



§ 3.2m down-hole intersection of 61% barite from 220m in hole 11SDG005.



· Mineralisation remains open at depth and along strike.



· Further feasibility studies being planned.



Details of the drill programme, and a preliminary interpretation of the results based on visual observations of the drill core, were provided in the Company's release dated 16 January 2012. Further details are provided below.



Commenting on today's news, Patrick Cheetham, Executive Chairman, said "These results confirm that high-grade extensions to the Derryginagh barite vein system exist well below the old mine workings, and below the level of previous drilling carried out in the 1980s."



"The dimensions of the vein system outlined by drilling to-date are encouraging and further feasibility studies are justified."





Mining Sector: Sunrise is sector's biggest faller despite high grade results from Derryginagh
StockMarketWire.com
Sunrise Resources was the sector's biggest faller despite revealing high-grade results from analysis of drill core from its first drilling programme at the Derryginagh barite project in south-west Ireland.

Executive chairman Patrick Cheetham said "These results confirm that high-grade extensions to the Derryginagh barite vein system exist well below the old mine workings, and below the level of previous drilling carried out in the 1980s.

"The dimensions of the vein system outlined by drilling to-date are encouraging and further feasibility studies are justified."

Sunrise to raise £600k for onward investment at 1.2p/share - Oops! That puts a dent in anyone that bought on the recent rise . . . . but it's still not down to the lower level (mid is just under 1.2pence) . . . give it time I guess. That may be the time to buy, or not.

Sine CMR wernt AWOL I'm somwhat jaded by Mining Stocks.

I think sunrise could take off again anytime now,looking through the lines of
the last rns updates i would not be suprised if the company issue a major
update on derryginagh feasibility next week.If the predicted 50.000 + tonnes
a year production is confirmed this will undergo a serious re-rating imvho.

Possibly may make 4p+

totally agree minerales,50.000 tonnes per year makes $10m per year but dont forget they have recently issued an upgrade to the resource (180m at depth and along strike) so that 50k a year could easily increase to 75k or 100k.And on a 15 year mine life we are talking some big numbers here :->

On the way Up big time............

MACD was turning yesterday and today the Indicators from lows ( oversold )
Volume of 15.5m now

Is going places now 1.55 / 1.70p +0.375p or 30%

volume of 18.8M

Minerales

You seem to invest in mostly Irish companys , why is that ?

aldwickk, im half irish ! sunrise looks like going mental next week IMO

Do you hold any Kenmare [KMR] stock ?

minerales good call on today,i sensed they were holding this back for the placing too and thought it may perform well today.A pal went to the agm today and will fill me in later.

minerales i see this is in serious play now,i held off after the placing but came in
big yesterday,am also having a major top up monday before it moves over 2p.
High chance of news next week on barite feasibility imho.

jackson - bob, there is an interesting update on sunrise this morning worth a peek!

http://www.stockopedia.co.uk/content/sunrise-resources-plc-update-64289/

minerales nice find pal,only managed to get another 100k on friday so will be on the bell at open with a nice wad :-)

SUNRISE RESOURCES PLC - Potential Star of 2012 ? (SRES)

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Reutersman - 18 Jan'12 - 19:31

Minerales [Reutersman] , who are you and your pal's working for to ramp these shares ?

aldwickk sorry dont understand your post ? as for kenmare that was one i was looking at last year.

Minerales

Wink,wink , say no more ..... lol

I would be more inclined to invest if this was more of a pure barite play.

Have you looked at Tri -Star Resources ? http://www.moneyam.com/InvestorsRoom/posts.php?tid=15422#lastread

aldwickk, dont really get the wink thing { NOD, NOD ! } lol

I have been in an out of tstr a few times before and noticed its un-loved at mo

Waiting for a RNS from Tr-star that's due soon .

aldwickk, am fully loaded elsewhere at moment but wish you luck with it mate ! i think you may be suprised what happens here next week...week today we will discuss !

OK , sound's interesting , cheer's

aldwickk this was only lowered recently due to a placing for rapid moves forward on derryginagh IMO ( it was not sold down ) !

minerales good call on this :)

jackson, we could have a exciting week or two ahead here imvho

minerales do you trade through barcs ?

jackson, no mate TDW and Halifax for backup

Snap i got halifax and also use JPJ for my bigger trades,spoke to a few chums over the other site this morning and they think sres could be about to issue news on derryginagh.

jackson, there are some quite heavy hints in the Rns,s on derryginagh that
they could be steaming ahead there,will be good to get an update this week
and see what the figures are.

How many marketmakers do they have ?

Bought back in@ 1.95p Having sold in jan @ 2.2p lost confidence but looks like they are putting a very positive slant on things and pushing forward.

I joined you bb got £500 at 2.089 after a battle leaving the good old halifax to do it for me and look at them now - oh! sods law. Think it is time I hung my boots up.

I made a silly mistake with these bought @1.75 and placed an amended sell order @2.00 , but forgot to click the amend button.

Looking through a fair bit of ramping, its a punt that I would not recommend to my friends but I am quite happy to ride along with them for a while.

bb

That's 100% what I was thinking

http://www.moneyam.com/action/news/showArticle?id=4317086

To put this into its proper context, 50,000 tons is one medium sized bulk cargo ship per year.If they intend to use the short sea small bulkers to supply Europe as seems likely. This will add significant transport costs to the equation. Now if the price holds up they stand to make a modest profit, but if the world price drops for whatever reason,they and therfore us are in the deep do-do. hence I am not yodeling the oh! be joyfuls from the roof top.

This share as been ramped up on most of the private investor message boards by two or three posters under different user names.

aldwick i have seen no signs this is a ramp,looks a genuine smart play to me !

jackson

There is a minesite interview with patrick cheetham out that i missed and well worth
a look mate. From yesterday.

http://minesite.com/news/sunrise-raises-new-money-for-the-economic-evaluation-of-its-barite-mine-in-ireland-and-for-diamond-exploration-in-australia

Some people couldnt find bear sh-t in the rockies.Will watch with interest but the family gold will stay in the vaults.

Poster on ADVFN

katie priceless - 29 Feb'12 - 09:03 - 218 of 218 edit

Insider trading that's my view, they knew about the placing RNS coming out pump&dump

aldwickk / katie

Are you guys for real ?

who was it who said these were going to fly before any news was out , then sold before the placing RNS , after which the shares nose dived. How did they know ? was it a educated guess.

minerales it looks to me like the above posters are attempting to short this !

LOL, you couldnt make it up

Posted by P White



Hope67 - 1 Mar'12 - 17:51 - 232 of 232

"The Beagle - Always a good sign when a placing is over subscribed.."

Yes but oversubscribed by whom. The crap bucket shops would apply for 10 zillion shares if they knew they could of load the shit to mug punters like us.

If the shares were overscribed by institutions or even private investors then where is the holdings RNS. "oversubscribed" by big toe.


Reutersman - 29 Feb'12 - 15:51 - 221 of 233

"Thankyou mm,s i took another nice chunk on you !"

Somebody ought to take a nice chunk out of you for leading this thread up the garden path with promises of 5p and a Derry update.

Minerales

You said wait until the end of the week , and we will talk again , i don't think you will be talking about how this share as gone from 2.00 to 1.43

Maybe you could answer the questions that P White has posted

update now 1.35 bid

Great I don't think!

aldwickk,if you took time to research this outfit and BoD properly you will see that
they just need the first project at derryginagh to get moving to progress all their
other plans and grow the company.Till then it will go up and down like all stocks.

I have actually done rather well on this share so far by trading some and
making free shares on occassions,and i think this company will come good
in the near future.

As you are such a genius lol , perhaps you could give me an example of a
company you do actually like and invested in ? just to compare notes !

By the way im always suspicious of someone who openly slags a company but
still cant resist making comments or even personal abuse. I may have you wrong
but your posts dont do you any favours so far.

If this company is about to give a good update on derryginagh as you implied at the beginning of the week then why has the share price fallen from about 1.80 to 1.30, did you do well trading these this week ? with the share being diluted this week we now have a large overhang of sellers to clear , and you will be picking them up cheap.

If the shares were overscribed by institutions or even private investors then where is the holdings RNS

Poster on iii board ,


watcher2
Such a flurry of activity on the board early in the week and then; nothing! It is as though people come in to hype things up, sell and then disappear. Shame if that is the case. Be good to hear what long or medium termers think about the company

Minerales

Here's one i have invested in and it has a Irish connection , Kibo mining.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=15002#lastread

aldwickk, i cant speak for anyone else but i only post when i am able and have
to fit my trading in around a full time job and a wife and two babies ect. Like i
said before i have done rather well on sunrise so far and intend to hold the bulk
of my holding (at a very low average ) till some of the assets are in revenue.

I am aware of KIBO,will take a more in depth look this week

Is Jackson55 having a weekend off ???

Minerales

How do you monitor your trades when at work ? do you use stop losses and buy limits , I find that with buy/sell limits you can catch the spikes. Would you say you are an investor or a trader , what I have been doing is buying more then i want to hold so that i can bank profit's until am holding an amount am happy with, luckily not with SRES.

Volume and rising this morning after the last retracement

MMs are now keeping the spread large considering the good volume earlier today

Bid price now 1.25 , and the pump and dump merchant's have left the building until the next time when it will be ramped up

Bid price now 1.15 , and not a word from.

Bob Heston - 19 Jan 2012 11:02 - 8 of 104

Thanks for that minerales

"No major supply outside of china and india"
Jackson55 - 19 Jan 2012 12:01 - 9 of 104

minerales, Thanks for the info mate,had a few cheeky buys here this morning
while its low
Minerales - 19 Jan 2012 13:29 - 10 of 104

jackson55

Sunrise barite play is not only capable of underpinning the company but also
provide funds for their other larger projects,so its base entry here with much
potential upside,the assays from ireland are due for release before end of Jan
so not long to wait.Have been topping up myself today :-)
Jackson55 - 19 Jan 2012 13:41 - 11 of 104

Nice one,think i will be going in big here soon when i free funds up

Well said!!!!

I agree but they will be back with a change in ID.

sres still one for the future - i see quite a few characters across various boards were playing with this one up lol! gla :-))

aldwickk, shares go up and down and the key is to know how to benefit from
those swings,for your info i have done very well on sunrise and still hold a big
rump of free shares here as i think they will do well long term.

I see your KIBO doing well LOL

Long term is it now Minerles .. lol

The trouble with KIBO was that it had very wide spread when i bought them.

Tri Star is coming along ok .

After the start of the new tax year we should see the true market value again

Any word's of comfort Minerles ?

SUNRISE RESOURCES PLC ORD 0.1P 0.95 -17.39%

aldwick you have a long memory :-))

Being charitable it's now a year since one DIR sold 1m shares... and RNS tells us the Canadian project is dropped...however, whilst it's good to concentrate on Ireland +Australia...I read that Ireland licence runs another 4years only . . . . and if the Co is putting money into this project they SHOULD have their Rights sewn up before the "potential" is unleashed . . . for potential doesn't always mean Profit.

Not yet a holder but have been interested for this past year: It was 2.5x today's price - and I was tempted then; but now I'm not so sure . . . shouldn't SmallCo's concentrate on one good project - at least until the cash is flowing and they can take-on higher Risk/Reward projects without damage to the Co. (or its shareholders!).
All IMHO - DYOR.


Anyone else?

" shouldn't SmallCo's concentrate on one good project - at least until the cash is flowing"

I should have thought so . On a bigger scale that was what CEY did in Egypt

aldwickk, i actually see todays news as very positive because what they are
doing is following the money ( ie derry can be producing asset on low capex )
and cue maybe a better bet than longlake.

I still hold my 400k of free shares and if this stays at this level or dips more
i will be adding. I reckon things will move faster now decision is made. GL

tend to agree with the small co comment above but maybe they are doing otherwise for pure tax reasons - today was a tad red i see but longer term here..............

Shares in Sunrise Resources (SRES) crashed 0.175p to 0.95p after it announced it would not extend its option to purchase the Long Lake gold project in Canada, after tests determined that the project was not commercially viable to pursue. Additionally, the company is experiencing delays at its Cue diamond site in Australia as it awaits a mandatory Aboriginal Heritage Survey to be conducted. There was some positive news as the mineral explorer noted promising results from its Derryginagh barite project in Ireland and the firm will now begin further tests to determine its viability.

If its results from its Derryginagh barite project come good i would like them to spin it off into another company , i think investors would be falling over one another to invest.

Yes, but what matters is how the rest of the World ( Well, AIM-market) for if that's not good, then the sp falls and loans become more difficult . . . another fall today, this isn't looking too clever.
Re "Tax-reasons" - I thought there was a Maxim that said something like: Don't chase tax breaks, chase profit.
Whilst I agree the Barite may come good (er, If they can sell it), the demand is slipping as folks hold-back spending. Furthermore I'm none too keen on brinkmanship, which is almost their position, (hence the sp. ?). It's just not good enough - and no-one has answered the 1m share-sale about 1 year ago . . . why didn't Directors mop up that stock?

EDIT (8May2012)- I'm even wondering (but daren't say) if said Director had been to Canada and didn't like what he saw....thinking it's only a matter of "time" before thsi project is dropped . . . . in which case he made a good call, but then DIRs are supposed to be acting in OUR interests, so he should have fallen on sword and then sold! At least we have a Record of that sale, eh? Something to think-on?

And this company and Silvermere are a pump & dump share by a group of names on this message board.

Sunrise Resources reports increased losses for half year

Yes aldwickk but you seem to love this share so much !

Cutting long lake to advance Derry and Cue was a smart move in my book
and will net rewards imvho.

Ps who are theses P&D merchants ?

Seek and ye shall find

Bob Heston - 19 Jan 2012 11:02 - 8 of 104

Thanks for that minerales

"No major supply outside of china and india"
Jackson55 - 19 Jan 2012 12:01 - 9 of 104

minerales, Thanks for the info mate,had a few cheeky buys here this morning
while its low
Minerales - 19 Jan 2012 13:29 - 10 of 104

jackson55

Sunrise barite play is not only capable of underpinning the company but also
provide funds for their other larger projects,so its base entry here with much
potential upside,the assays from ireland are due for release before end of Jan
so not long to wait.Have been topping up myself today :-)
Jackson55 - 19 Jan 2012 13:41 - 11 of 104

Nice one,think i will be going in big here soon when i free funds up

Can't find the latest garb on this but could somebody tell me have I missed something as it has been a complete dead duck today and just wondering if they have gone t..ts up, suspended or what? Would love to be enlightened as cannot find the most recent of comments on this BB.

Not much on any BB 3m .

There were trades for Friday, may be wrong but none for today 3m ?

Two posts on LSE 3m, no alarm bells ringing.

Sorry DC the sun has either gone to my head or the lack of trading so obviously alarm bells are ringing in my head. Sorry - never mind probably another one bites the dust who knows. Thanks for your concern.

There were only 7 buys/sells on the 24th, 2 on the 25th.

Oh well what hope does that bring, I shall have to learn to do a Gibby and another one bites the dust On U Tube.

Maybe you could get some of your money back buying Tri star resources ?


http://www.moneyam.com/InvestorsRoom/posts.php?tid=15422#lastread

Wonder what the sudden interest is today - a lot of buys?

there was some interest late last month on reaching the bottom and after retracement, yesterday was already doing inroads but today is motoring

There will probably be an announcement later to say that the company sees no reason for the rise in the share price today!!

Quick short them

Got a few more today, now have to wait until they get to over 1.50p when that will be heaven knows. My original spread was just over 2p before they dropped like a ton of bricks. How are you getting on with them aldwick? If you don't mind me asking that is.

I bought them @ about 1.66 , and sold @ a loss but only had a small amount because as you know i thought they were being ramped up

Ah well at least your out and pleased it wasn't a big loss to you, although any loss at all isn't nice. The ones that were plugging this have gone very quiet of late. I just hope it doesn't flop again before it gets back up to my current level, could I be so lucky? hmm! probably not.

That's because they were trading them , they bought them low then ramped them up between them and sold out.

Surprised none of the so called rampers have not commented on this today - perhaps all have fled the nest.

Have just about broke even again having left them to fester or grow back in August. Seems to be some life left in them yet?!

Had a look this morning and could have got out making £123 but didn't, hope I have made the right choice - News from Derry supposed to be coming out soon. hmmmmmm!! GL

I am perverse, they still owe me £26 !! so will leave them alone but I have to say the £123 sounds like an exit to me??I have gradually sold off my portfollio leaving just the dross which makes grim reading but if and when any make good I will despose of them.I have lost all confidence in shares and banks and have been falling back on long term bricks and mortar in the belief that people have to live somewhere and its a growing population.Simple and probably wrong but just about sums up my investments to date!!

Diamonds without inclusions is a raratity, anyone agree?????

hi bb - hope you are well - always good to consider options

while this is spiking a bit advice to anyone who can get out at a reasonable profit or b/e sell - will slide back soon enough then another long wait
gla

I have taken your advice gibby and sold, I do hope you are right and it doesn't rocket. Made £161.78 better than a kick in the teeth and better than loosing or waiting. gl to the remaining holders.

Didn't I know they would go up after I sold, I promised myself to hang on until the 30th, they have gone for now and see what happens next. Ugh! I can't seem to get anything right. One should follows ones own instincts. gla

3 monkies - why follow the advice of an annonymous poster on here?

Heaven knows chuckles, I have done nothing but kick myself since and am not chuckling one but. It all has to be good what with inclusionless stones and the other news due - I suppose I momentarily panicked and then I realised that may be the City wants these and hence the (de-ramp that they will slide back soon enough). Too late now. He/she has probably got a shed load of these. Hope you do well.

Hi Gibby good advice as usual looking at todays prices,I have been abroad and have left them to fester. 3 monkies can now buy the stock back if the panic has not subsided, me I would spend it on a good meal !!!

May I say Gibby was right, 7 days later. It was my own fault for not waiting another day before I sold them whilst they were on a roll - on reflection he/she did say ''whilst this is spiking". I will hold my hands up to that one but when one could have doubled their investment within 24hrs of selling it was a little hard to bear however sorry you have to wait even longer now bebussy but I am sure it will come right - a few weeks to go and then who knows. Not for me at the moment - did treat myself to a good meal by the way!!!!!!! GL

Glad you got out in time 3m. Well done.

Cheers DC - one never knows what to do anymore, I hope you made a little on Next and you are doing well on many at the moment. Wand seems wonderous for you and I am so pleased. Shame you don't know what a suit is???? hahahaha!!!!

That extra day could have gone the other way and you lost all your profit. Ive looked back on some of my sells and you could say I sold to early, but with the big word profit. That extra day with news you did not want to hear or profit taking will cost you dear. Well done. :-))

Sorry it should have been wondrous instead of wonderous. Good luck anyway. Don't want to be picked up on my spellings as well as everything else.

Lets hope some of your other shares come well .

Many lost causes yet as we know - only 74% down in all but what the hell - we could be in America or in a Hospice/Mortuary or wherever at least we are still alive and have the ability to have Banter. I am becomming more Delia Smith instead of Percy Thrower since the clocks changed. GL and Good Night.

We could be in America - lol yes Florida with sunshine. Dont burn the cooking lol.

Yep! count your blessings, If that magic crystal ball was still available we would all do well but if any of the cr-p that I hold ever gets any where near the green it will be toast.My biggest book loss is ECR which is worth about 30% of its purchase price.No use crying about it, if you get in expecting to make a mint without tears you are in La La land.But it was fun.

guys well done who took advice and got out while the going was good - good to see the regulars in here winning - this is back on my watch list for now - atb and have a great evening all

sp rises as Directors issue themselves £90k's worth of shares, in lieu of Fees. On the face of it it's generaous and nice to know they believe in the Co . . . but the reality? Well, as I see it it is their incompetance that got the sp this low and lost the Co the ability to retain profits - and that's why there is no money to pay them.
So It's my belief they should receive only a miserly "fee" for this poor work . . . perhaps based on the best sp over the last 24 months (= 6.5p DYOR) - and that would cost the Shareholders much less.
The generation of shares to pay for "anything" is DILUTION - and should be seen as such. . . . and at each occurrence at least one Director should be shown the door, without pay-off, handshakes, etc.
EDIT( 23Feb2016)- [SRES] sp is 0.16p wow! However, I note that Dir have taken shares in lieu of salary . . . the snag being they get more shares as the price falls . . .
EDIT (7March2017)-SRES has raised £250k at 0.1 pence, explaining why there's been a significant fall in sp recently. Let's hope it enough; it seems a tad low IMHO.
EDOT(4Aug2017)-US Nevada looks promising for something as boring as concrete-filler.
EDIT (27April2018)- A huge! rise today on MOU (for the filler from Nevada), - but sp is only 0.19 -

StockMarketWire.com
Sunrise Resources' (LON:SRES) shares soared after it received bonanza silver grades for samples from underground sampling of the Chihuahua Vein and associated bedded mineralisation on its Bay State Silver Project, Nevada.

Executive chairman Patrick Cheetham said: "These are outstanding results. The records of production from this mine are scant but we assume it was very high grade. The confirmation of bedded style mineralisation containing bonanza silver grades, and previously sampled at surface, presents an exciting additional target with excellent tonnage potential."

Highlights:
· Sampling programme completed beyond the rock fall that had previously prevented our underground access to Chihuahua Adit.

· Bonanza values up to 4kg/tonne silver (4,020g/t or 0.4% or 117oz/t) within replacement style mineralisation at end of adit over 61cm (2ft).

· Over 1kg/tonne silver (1,123g/t or 33oz/t) average for 18 samples along 230m strike length to end of adit.

· Base metals enriched up to 10% combined lead-zinc-copper.

· Chihuahua Vein now known to carry high grade silver over sampling length of 470m. The vein remains open to the north and south.

· Sampling generally restricted to vein widths which vary up to 1.5m along the adit. No wall rock sampling was conducted in this programme.

· Drill plan being revised to focus exclusively on Chihuahua Vein System.