Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Patrick Cheetham, indefatigable executive chairman of unloved Sunrise Resources (SRES), declares himself ‘delighted’ with test work results from the company’s County Line diatomite project in the US state of Nevada, while Sunrise continues to pursue a diverse range of other ventures from Australia to Ireland. Investors may be less delighted with Sunrise shares’ 87% plunge from a 2005 AIM float price of 2p to a mere 0.25p now, down from a 12-month high of 0.55p, though the company was able to raise £210,000 at 0.2p the other day for further exploration in the USA and Down Under.
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