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

anyone else in ?

& kerrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnngggggggggggggggggggaroooooooooooooooooooooooo!!

cielo - good charts - cheers

Northland Capitals head of research David Johnson commented on Sunrise Resources

(LON:SRES) after it was granted an exploration permit for the Cue diamond project in Australia which was last explored by De Beers more than 10 years ago.

Johnson said: the historic De Beers programme makes this more brownfield than greenfield exploration.

(Cue) now comes into the reckoning as an area of diversification to add to the encouraging start to Long Lake Gold attributable for the majority of the companys market valuation and the emerging Derryginagh barite project.

In many ways the Cue project is coming to the fore at an opportune time. Indeed Johnson is forecasting a re-emergence of the diamond sector. He highlights the market is currently buoyed by positive noises on diamond prices - that are typically determined by private auctions or valuations - among companies operating in the sector.

Sunrise shares advanced more than 20 percent in response to the news.

Sunrise Resources soars on licence grant
Thu, 24/02/2011 - 12:34 | Esther Armstrong

AIM-listed Sunrise Resources (SRES) saw its shares soar 25% on Thursday on news that its had been granted an exploration licence for the Cue Diamond Project in Western Australia.

The mineral exploration and development specialist said the licence had been granted for an initial five-year period and covered diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.

It covers an area of approximately 70 square kilometres and is located 70km north-west of the town of Cue in Western Australia.

The firm said it will now initiate the usual Aboriginal heritage surveys and plans further drilling for the second quarter of 2011.

In the first drill programme, the objective will be to obtain samples from the known kimberlites and evaluate their diamond content and characteristics.

Patrick Cheetham, executive chairman of the company, said: "De Beers (the luxury jeweller) 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 the De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."

No wonder the share price is weak again today ..................


3 March 2011 -- SUNRISE RESOURCES PLC
DIRECTOR SHAREHOLDING

Sunrise Resources plc ("Sunrise" or "the Company" - AIM: SRES) announces that on 2 March 2011, non-executive director Francis Johnstone disposed of 1,000,000 ordinary shares in the Company at a price of 3.625p per share.

Following the disposal Francis Johnstone is interested in 2,468,058 ordinary shares, being 0.79 per cent. of the issued share capital of the Company.

cielo - yes my friend my thoughts also - but i am still very confident here - do you happen to know what he paid for those shares or were they 'free' or something else eg shares instead of salary et cetera

still not worried just going to have to sit this one out - we all know the great potential here

good to see some sense returning to the sp here now

Has been going higher from the start of the day.

Wonder if the bottom has been reached this time

yep i noticed that - still it was a good top up opportunity - not sure - will be watching carefully here - amazingly cheap for the upside potential - incredible

Isn't it a worry that one director sold 1m shares at the start of this month? That's hardly a vote of confidence - and has reduced his holding by a third. DYOR.

I suspect the recent sp rise on "so-so news" meant they would fall back soon enough....so he might as well take a small profit. But unless he was "given" these, there isn't much profit in (today)=36k-worth..

Its never a confidence builder when directors dump a load of shares,we could be charitable and take the view that he may have teenage children!!?? But in my view to ditch 1000,000 shares of a company that you are trying to promote is down right careless, me thinks I may get careless as well!!??

lol hold sres huge potential here
i colud have bought lower
now the wait - lol!

at last! about time some northerly movement

2.775p ( 2.60 / 2.95p ) +0.05p

A lot of large trades since yesterday, someone paid 3.056p premium earlier for 200K, on a very good round bottom chart, but has not yet move up properly

Why moneyam CHARTS are not working properly is a waste of time asking

2.65 / 2.95p +0.075

improving on the bid sides as small trades are nibling and paying full offer price

2.95p +0.225p

now moving well ahead after the early buying

Someone online has pressed the buttom 6 times in the space of 2 minutes for 80K = 480K and took all the MMs at 3p

3.075p +0.35p

the bid price goes higher so the spread is smaller

3.125p ( 3 / 3.25p ) +0.175p

Some very good 100K size buys during the last week and again today, just now a 200K buy paying premium 3.35p, naturally is over NMS. Is rising from the round bottom on the chart a very positive signal

volume is picking up and the paying price is higher since yesterday 2.57, 2.625, 2.65 and last one at 2.70p.

it looks like is on the move up after the retracement and ready for better things

The Indicators also at oversold is helping with the rise

once again the charts are not giving the right price or rise so someone else charts ....

near time to buy rns near gla