SRL 6.59% 42.5¢ sunrise energy metals limited

$1+ is around the corner

  1. 3,387 Posts.
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    To one and all,

    This journey has been a long one in the making. But... our time has come...

    In the leadup to the announcement of project financing in the coming months... prior to the green light final investment decision, this stock will commence its RUN.

    A low cobalt price, uncertainty on project financing and heavy shorting interest supressed the share price across 2018 and early 2019.

    However, all of the fundamentals of this project remain sound. Outstanding leadership. Excellent project economics. A safe, secure, low political risk jurisdiction. One or the world's largest cobalt and nickel mines and what would be the largest source of scandium in the entire world.

    The nickel price contines to climb off the back of increasing demand across multiple sectors including EV batteries and steel. The cobalt price is also now so low that supply has dropped off, which can only lead to a price reversal and climb. The nickel price is now above the price assumed in the DFS.

    Draw a vertical line through the CLQ chart at the point of the Macquarie financing partnership announcement and you will see a story of two tales... since the 4th of June 2019, the trend of this stock has changed... The bear has turned into a bull.

    Smart money is accumulating this stock because the likelihood of financing now looks like a certainty. More than 10 parties have expressed interest. All of the ingrediants are set for one hell of a deal.

    This mine will be built. The world needs this cobalt and nickel. China needs this cobalt and nickel for the EV revolution.

    RF and SR will make it happen. This is going to $1+, very, very soon and 40 cents will soon seem like a distant memory.

    Get out the popcorn friends, we are in for one hell of a ride and I am glad to be sharing it with you.
 
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Last
42.5¢
Change
-0.030(6.59%)
Mkt cap ! $38.34M
Open High Low Value Volume
43.0¢ 46.0¢ 42.5¢ $12.59K 28.67K

Buyers (Bids)

No. Vol. Price($)
1 997 42.5¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 85 1
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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