Market's view on Sunrise Res
Published on April 2024
- Concerns about the lack of communication from the company, noting that it has been an ongoing issue for three years, with the last significant update being in May 2022.
- Discussion about the company’s sister company, TYM, which saw a 25% increase in its stock price, raising questions about why SRES isn’t receiving similar investor interest.
- Observations on trading volumes indicating potential upcoming movements, though not yet sufficient to trigger algorithmic buying on Setssq.
- Positive sentiment about real investors being active, not just day traders, suggesting a stable buying interest.
- Speculation about the share price being controlled to possibly prepare for background developments or give investors time to buy at lower prices.
- Mention of the company having a fully permitted mine and being listed on the Caltrans list, which is highlighted as a competitive advantage.
- Insights into the management’s approach to negotiations and operational challenges post-COVID, emphasizing the sincerity and conservative strategy of the company’s leadership.
- Updates on important developments like the Portland Cement Association setting a new standard for green cement, which could benefit the company by increasing demand for its products.
- General anticipation of positive developments following the start of the new financial year, reflecting a change in sentiment and more optimistic industry outlook.
- Frustration over the misrepresentation of buy and sell trades on the stock market platform, indicating a need for better trade categorisation.