Bought in a few days ago.. could be worth a small spec punt.... (imho, dyor)

anyone else in ?

A good read gibby and certainly mostly true at the moment where there is even more greed and fear. I've certainly been 'conned' in the past (due to my own stupidity and ignorance) but generally speaking I now know when to enter a stock and when not to.

Temptation though is always being dangled in front of us and as this is not an exact science risk is always involved. For me, never being too overweight in any stock is vital with continual reference to the risk/reward factor.

bb - lol - i knew i would get some stick from some - just passing this on - had to laff at your comment ref being stuck here lol - thankfully i did not get in at the top and feel sorry for anyone that did - and when sres reversed from the temporary high this morning bought some more - didnt get the lowest price but did ok - looking fwd to reaping the rewards here

i am not saying agree with the article - just take a look, either digest it or spit it out - its free - i think i can safely say you spat it out which is fine

dd - i thought it was worth a read and as i just said to bb you dont have to act on it - but i personally do not ignore it because in the past i have been caught up in the hype like you - in my case at the time i was too greedy - i would have a handsome profit on said share - would watch the s mount up then - bang - sharp reverse leaving worst case scenario sat on a loss! then of course have bought too high in the past - i agree with cynic when he says always bank a profit maybe not always but certainly dont leave it too long - in the case of sres imo a great buy in sp - as wb says and quite rightly - 'buy when others are too scared to'
have a good evening

we are all lemmings stampeding towards the cliff, but some are at the front others are bringing up the rear with one eye on the brakes !! being so cheerful keeps me going!! lol

lol bb!

wouldn't want to be out of these over the weekend....;0))

balerboy - like your style dude! and correct!! :0))

KEEP an EYE @ 3.825p

After the retracement and pause of a few days, today is on the rise with volume buying

As the chart at MONEY AM are not working propperly some other ones for you

cheers cielo &.................

yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa - more good news - excellent rns out so sp should tank!! lol lol lol maybe a bad rns will make the sp go up - lol lol

i would not wanna be out of sres right now :-;
kerrrrrrrrrrrrchinnnnnnnnnnnnnnngggggggggggggggarooooooooooooooooooooooo!!

http://www.investegate.co.uk/Article.aspx?id=201102240700087511B

Granted
RNS Number : 7511B
Sunrise Resources Plc
24 February 2011







24 February 2011



CUE DIAMOND PROJECT

EXPLORATION LICENCE GRANTED



Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that its exploration licence application for the Cue Diamond Project, in Western Australia, has now been granted.



HIGHLIGHTS:



Exploration Licence 20/727 granted for an initial 5 year period.



Covers diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.



Three parallel kimberlite dykes at Soapy Well, up to 3m wide.



Multiple kimberlite targets at Fennels Well 2.5km along strike from Soapy Well.



The successful 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, Western Australia.



The Company will now initiate the usual Aboriginal heritage surveys and further drilling is being planned for the second quarter of the year, subject to the successful completion of the heritage surveys and drill rig availability. The objectives of the first drill programme will be to obtain samples from the known kimberlites, to evaluate their diamond content/characteristics, and to test kimberlite targets at Fennels Well and Soapy Well.



Patrick Cheetham, Executive Chairman of the Company, commented today: "De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries. A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."

gibby

very good news for the shareholders, but once again your post is full of ......

spend some time on editing and post only the interesting

CUE DIAMOND PROJECT
EXPLORATION LICENCE GRANTED

Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that its exploration licence application for the Cue Diamond Project, in Western Australia, has now been granted.

HIGHLIGHTS:
0 Exploration Licence 20/727 granted for an initial 5 year period.
0 Covers diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.
0 Three parallel kimberlite dykes at Soapy Well, up to 3m wide.
0 Multiple kimberlite targets at Fennels Well 2.5km along strike from Soapy Well.

The successful 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, Western Australia.

The Company will now initiate the usual Aboriginal heritage surveys and further drilling is being planned for the second quarter of the year, subject to the successful completion of the heritage surveys and drill rig availability. The objectives of the first drill programme will be to obtain samples from the known kimberlites, to evaluate their diamond content/characteristics, and to test kimberlite targets at Fennels Well and Soapy Well.

Patrick Cheetham, Executive Chairman of the Company, commented today: "De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries. A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."

lol cielo - i've got to keep you on your toes with me posts!! yes good news mate - and sp flying as it should - way under valued right now

kerrrrrrrrrrrrrchinnnnnnnnnnnnggggggggggggggggg

again :-))

& the lunch time mob will be here shortly!!!

yeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

interesting buying here today - good stuff!

After the news the share price is very volatile, and every so often after a good rise some old imvestors are taking profits or closing positions.

Now is on the up again after reaching a 4.25p low from the 4.55p high earlier

------------------------- Intraday ----------------------------------------------------- 5 days ------------------------------

Retracement done
Good news today
Indicators rising from oversold
Volume buying to support the rise

Buying continues pouring in and with that the share price rise

8.8 M traded now

SRES - Proactive - 7:39 am by Jamie Ashcroft

Sunrise Resources prepare drill programme at Cue diamond project in Western Australia

The first drill programme will aim to sample known kimberlites, so that Sunrise can evaluate the diamond content and characteristics

Sunrise Resources (LON:SRES)

is following up its exploration success at its Canadian gold project with a drilling programme at the Cue diamond project in Western Australia.

This morning the company revealed that it has now been granted an initial 5 year exploration licence over the 70 square kilometre area on the Yilgarn Craton, Western Australia.

The Cue area was explored by De Beers between 1994 and 2001.

"De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries, chairman Patrick Cheetham said.

A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."

The licence covers a number of diamond bearing kimberlite dykes at the Cue 1 and Soapy Well prospects.

Sunrise is now preparing the first drill program which will get underway in the second quarter of 2011, subject to the completion of the heritage surveys and drill rig availability.

The first drill programme will aim to sample known kimberlites, so that Sunrise can evaluate the diamond content and characteristics.
It will also drill un-tested kimberlite targets at Fennels Well and Soapy Well.

At the Soapy Well prospect there are three parallel kimberlite dykes and at Fennels Well - which is 2.5 kilometres along strike from Soapy Well - there are multiple kimberlite targets.

Sunrise shares have come quite a long way in a fairly short period of time - rising from around 0.5 pence in September to peak above 6 pence a share in January - largely driven by it progress at the Long Lake gold project in Ontario, Canada.

The shares are currently priced at about 3.5 pence a share.

Long Lake is situated in Ontario, near the famous Sudbury mining region. The site hosts a historic gold mine which produced 56,000 ounces of gold up until it was closed in 1939.

A drilling programme, which was completed in December 2010, showed that gold mineralisation extends near surface beyond the historic pit limits and confirms that mineralisation continues at depth below the mine workings - just as Sunrise predicted.

The company drilled in and around Long Lakes historic mine workings. The programme tested near-surface gold mineralisation beyond the historic pit.

It also tested the gold mineralisation adjacent to and below the historic mine workings, which reached a vertical depth of 55 metres.

The best results include 17 metres grading 2.9 grams per tonne gold, as well as 2.3 metres grading 16.1 grams per tonne gold within a 35 metre thick interval grading 2 grams per tonne gold.

The highest grades reached 55 grams per tonne gold, albeit over narrow intervals.

Importantly the deepest hole in the programme has confirmed the continuation of the gold mineralisation at depth, also as predicted.
These results were further boosted by positive geophysical results earlier this month.

Crucially these results backed up the findings of the drill programme and it also revealed several other anomalies that warrant further exploration.

http://www.proactiveinvestors.co.uk/companies/news/25835/sunrise-resources-prepare-drill-programme-at-cue-diamond-project-in-western-australia-25835.html

more from other sources - GROWTH COMPANY ........

Sunrise wins Australian gem licence
24/02/2011 Robert Tyerman

Mineral explorer Sunrise Resources (SRES) has obtained a licence to explore the Cue diamond prospect in Western Australia. The company, a 2005 spin-off from chairman Patrick Cheetham's Tertiary Minerals, says it plans to start drilling in the 70 sq km licence area in Western Australia's Yilgarn Craton in the second quarter of the year, having set in train the requisite surveys for Aboriginal heritage sites.

Cheetham points out that gem giant De Beers found diamond-bearing kimberlite in two separate areas on the Cue licence between 1994 and 2001 and defined several targets before deciding to pull out of Australian exploration altogether. He says these targets need to be drill tested, adding De Beers considered the area had 'excellent potential'.

Since its spin-off from Tertiary, a tantalum-to-fluorspar hopeful whose own fortunes have been decidedly mixed, Sunrise has found kimberlite diamond deposits in Finland. The company is also seeking to revive production of barite (used for paint) at Derryginagh in Ireland and has an option on the Long Lake gold, nickel, copper and platinum group metals project in Ontario.

Floated at 2p six years ago, Sunrise shares collapsed to a 0.45p low during the past year. They have rebounded to 4.33p, up 0.78p this morning, where they value the company at 13.4 million and offer speculative prospects for the strong-nerved.

Today Sells appear to outnumber Buys, so I suspect this is linked to the Warrant take-up, with those shares appearing on AIM later this month.


Cielo, can you say why the sp collapsed during 2010 - wasn't a particularly bad time for miners, was it?

That De Beers drilled there in 1994 to 2001 rather tells you they didn't think it worth continuing. Sunrise could be "lucky" but I'd be surprised if it's a big find and diamonds are part of the "feel-good" industry - and - frankly I doubt many will feel good too soon.

On a +ve note; they aren't in Egypt.