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).

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Sunrise Energy Metals Ltd

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Comment by redcoatson Dec 27, 2013 10:52pm

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Post# 22041701

RE:RE:CLQ or SIM

It's not the number of shareholder votes. It's the number of shares voted. A single shareholder with a 100,000 shares voting "Yes" would out vote 9 shareholders with 10,000 each, that were voting "No". Or vice versa. As well, if you're buying SIM, make sure you're buying a multiple of both the 1.175 offset, and the consolidation multiple. For example, 36,000 if I'm not mistaken. Otherwise you'll end up with an odd lot, and likely as well lose as many as 3 shares, depending on the wording in the agreement fine print. Just sayin.

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