SRL 12.9% 50.5¢ sunrise energy metals limited

Comments from the CDO of CLQ, page-53

  1. 331 Posts.
    lightbulb Created with Sketch. 64
    Not so greatly played, because my initial purchase was well timed, and it more than doubled in something like 6-9 months, then I rode it down all the way before selling at a very small profit, also kept 20% of my shares, and by the time I sold those, was overall in the red. But I did save myself from a quagmire situation if I got stuck, because I was way oversized in my investment. Back then, we were waiting for the DFS, which was postponed a couple of times, which in itself was a red flag for me, the minute I laid my eyes on it, and saw they needed scandium to make their numbers, I knew the SP was in deep trouble. I saw scandium as an upside, not as a requirement for economic feasibility. I was lucky, and able to unload a large amount shares [on the OTC] almost instantaneously. The SP tumbled very dramatically very quickly after that. Now the opportunity to buy those shares back at 1/6 the price, 2 years deeper into their development, and closer to predicted cobalt and nickel deficits, that currently has my attention. Its market value relative to its peers is still a little uncomfortable to me, but at this price, the downside vs the upside has tilted way toward the upside.
 
watchlist Created with Sketch. Add SRL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.