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Sunrise Energy Metals Ltd SREMF

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

Bullboard Posts
Comment by Maolain1on Oct 20, 2014 1:54pm
255 Views
Post# 23044073

RE:RE:RE:Will my stocks ever hold value again?

RE:RE:RE:Will my stocks ever hold value again?noobtrader, what you are seeing is the bid moving.  Although the stock is halted, you brokerage will value your stock at current bid and the bids can still move around regardless of the halt.  To answer the more important question, if the TSX lifts the halt it likely means the restructuring has been voted on and accepted and the company is solvent (at least in the short/mid term).  This is likely to take several weeks to months before it gets done so you won't be able to trade for awhile, best case.  Worst case is TSX delists the Company and the Company either trades on the venture exchange of goes private.  In either event you will still own your shares, though it will be nearly impossible to trade out of your position if the Company goes private, so you'll have to wait until relisting or a buyout by some private equity.  

Sit back and relax for now, nothing you can do but wait. 
Bullboard Posts

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