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12.9%

44.0¢ sunrise energy metals limited

imo it will not be GM.

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jdd123

121 Posts.

12

23/08/23

16:11

Post #: 69505810
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Originally posted by Harrinator: ↑

My personal opinion is that SRL's chances have improved recently. For me Q P M has been the biggest competitor who offered a better price (not for Nickel and Cobalt but for a stake in the company) and better ESG features. I speculate that GM was in promising negotiations with Sam (which made him so confident in 2022), but later walked away and invested in Q P M. Hence I invested in Q P M and instead of bathing in $ I am currently bathing in the Red Sea (sold with a loss of approx. 50%). I reckon that Q P M's Tech project will be postponed or never happen. By the way: as a friend of mine is invested I do hope that it will happen.

Sam has reported "renewed interest". I speculate GM is back in the game. Sam's strategy to combine an offtake agreement with a significant equity investment at project level may finally succeed. So if Q P M fails then SRL might be the choice of Q P M's investors, who have signed offtake agreements (Posco, LG, GM).

The board of directors, who are heavily invested (and for sure know more than we do), support Sam. That is a good sign. Should we see them buying shares, that would be another good sign imo.

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imo it will not be GM.

SRL Price at posting: $1.10 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 44.0¢		Change -0.065(12.9%)		Mkt cap ! $45.56M

Open	High	Low	Value	Volume
45.5¢	46.5¢	44.0¢	$17.86K	39.43K

Buyers (Bids)

No.	Vol.	Price($)
1	8741	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	70	1

View Market Depth

No.	Vol.	Price($)
1	8741	0.445
1	1360	0.440
1	12000	0.430
1	3673	0.420
2	14597	0.400

Price($)	Vol.	No.
0.475	70	1
0.505	951	1
0.510	10000	1
0.515	7200	1
0.520	5845	2

Last trade - 10.18am 04/09/2024 (20 minute delay)

SRL (ASX) Chart