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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 LadyJane6on Apr 14, 2015 1:04am
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Post# 23626088

RE:The Plan

RE:The Plan
Oregonduck wrote: I think the plan will happen this way. RBI will emerge from CCAA creditor protection with no legacy liabilities, and with cash for working capital purposes injected by the Lundins. On implementation of the Plan, RBI's outstanding common shares will be consolidated with new post-consolidation common shares issued to creditors and Lundins and a small nominal percentage ( 1 or 2 percentage) of new shares to RBI's existing shareholders. Following its emergence, RBI's common shares delisted on the Toronto Stock Exchange ("TSX") will get conditional approval to list its common shares on the TSX Venture Exchange ("TSXV").


Oregon:

A few weeks ago, you stated unequivocally that no company ever emerges from CCAA proceedings alive.  What has caused you to shift your opinion?

Given the odds, should naive folk who held on to their shares consider buying more in a last ditch effort to average down their price per share and potentially re-coop some losses?  I feel mental even asking considering RB's track record.

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Dealroom for high-potential pre-IPO opportunities