Sunrise have been in this scenario for years now. As an early investor (before the Sunrise project existed) I bought in for the water business then watched the share price go from $0.05 to $1.80 on the back of the Sunrise mining news. I averaged down thinking it would recover and exited with my shirt on however watched my first 10 bxgger result in only a slightly profitable investment.
So my point is that I have been watching this business for a long long time with interest. While it is operating in 2 industries that are the future, they don't seem to be able to crack (in the water business) the "big deal" or for mining secure finance so they can get on with extraction; and this is with Friedland on board. I will continue to watch for an opportunity to enter again, just can't understand why they can't secure finance......either "greed or fear"....
Ann: AGM Presentation, page-6
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