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The Sun May Rise on Sunrise Resources as the 'Popcorn Rock' Pops Up

By Malcolm Stacey | Thursday 7 September 2017

Disclosure: I own shares in one or more of the stocks mentioned. 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.

Hello Share Smilers. Touch wood, I’ve been rather lucky with my share tips this year. So I’m now looking for penny companies which may replicate the success of some of my babies which may have reached the end of their rising tethers. It’s not easy. There is not much value out there.

But as some of my fancies have demonstrated, upward trends are often dictated by shares coming in and out of fashion. So my recommendation today is a share which, to be brutally honest, I cannot see a super-strong reason for its continuing success. It is however piling on value as I write.

I refer to Sunrise Resources (SRES). This is a share which has done badly for me in the past. It has, for a long time, been one of those sad stocks which is not even worth cashing in. It is a company with a lowly market cap of sub £4 million and looks for pozzolan and perlite in Nevada. It also has other mineral projects.

What has sent the shares up is a recent update which includes: “preliminary testing of drill samples confirms thick intervals of pozzolan and perlite-pozzolan previously reported from visual observation of drill samples; and commercial qualities for the perlite and pozzolan”. So the company seems to be getting somewhere.

Now, if you’re wondering what perlite and pozzolan are let me tell you that they are related volcanic rocks. Perlite is a glassy raw material which, when heated in a furnace, pops like popcorn and expands by up to 20 times in volume. It’s used for insulation, paint, building materials and filters. And it is a potting medium in gardening and horticulture, to aid water retention and aeration of the soil.

Five years ago, the shares were 1.68p. Now they are 0.22p. The latest test results probably signal that they are worth more. But buying is not risk free.

Now, please join me in the Punter’s Return.

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