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Sunrise Energy Metals Ltd SREMF

Metals & Mining Industrial Metals & Minerals
Sunrise Energy Metals Limited is an Australia-based company engaged in the development of its Sunrise Battery Materials Complex (Sunrise Project) in New South Wales (NSW). The Sunrise Project is a supplier of battery raw materials and aluminum-scandium alloys. It is utilizing its Clean-iX resin technology for extraction and purification of a range of metals and progressing exploration activities at its other mineral tenements. Its Clean-iX Continuous Resin-In-Column is a continuous counter-current process that extracts metals from clarified leach solutions. Its Clean-iX Continuous Resin-In-Pulp is a continuous countercurrent process that directly extracts metals from leached pulps. It is advancing activities across its range of exploration assets in NSW. Its limestone exploration includes Hunters (EL9627), EL8883 Meloola and EL8833 Boona Gap, Gleninga South (EL9598) and Gleninga (EL8882). It also focused on rare earth elements exploration, which includes Minore (EL9031 and EL8961).


OTCQX:SREMF - Post by User

Sunrise Energy Metals Ltd
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Comment by brokeon Aug 21, 2013 11:16am
167 Views
Post# 21686363

RE:RE:RE; NEWS

RE:RE:RE; NEWS3 weeks for retro-fit and then 2 weeks before start up after that.  That puts the delivery as the first week of October based on MIS-Management.  According to their news release, that week is defined as "in Due Course" no actual date for delivery if any.

Apply the stupid Management factor and you have no deliveries scheduled until late October. That is only possible provided:
  • The company does not run out of money before then,
  • They do not get bought out by Rockwood or Teewoo or other by then
  • They do not go bankrupt, shed the debt and come out the other side with debenture owners and a lot of pissed off common shareholders
  • they get more funding

This investment has no become too risky to keep. Downsizing investment.

Let's hope for the buy out
Broke 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities