Sunrise Energy Metals Ltd (SREMF)

[rubberworm]

From Gumshoe Board

hendrixnuzzles
$CTEQF $CLQ Macquairie Investor presentation…Oh my god.

You have to take your time to go through this.
Loads of confirmations, great details, and clues in plain sight.

1. They already have “indicative commitments” banks for half a billion dollars !

2. They expect term sheet financing commitments BEFORE THE FID !!

3. Off-take parties are swarming around them like a pack of dogs around a meat truck. There is probably more than a dozen…at least three “integrated trading houses (three continent mentioned). Cathode makers…Plural. Battery makers… plural. Major automotive companies….Plural. What a poker table…RF is not even a player, he is the House !

4. Nickel and cobalt production…UP. Scandium…still under wraps, not even needed for the BFS. It is mentioned as “upside”.

5. MORE THAN ONE party interested in an equity stake in a battery plant.
EASPRING NEGOTIATIONS STILL ONGOING. Let me tell you what this means:
They already have a deal with Easpring, and are waiting for additional partners and the right time to announce it.

It doesn’t take RF a year of continuing negotiations with a battery company to make a deal.

6. There are logos from an army of Chinese car makers. Nine of them. Holy Sh&t

7. All the economics are re-confirmed. If cobalt stays up they are going to have negative nickel costs.

8. You know how I have quipped that CLQ is a TECHNOLOGY COMPANY !?
Well, here is what they have as a headline on their introduction:

“TECHNOLOGY IS OUR CORE CAPABILITY”

9. The want off-takes before the FID ! Everything will be wrapped up this year !

10. Insiders/Fidelity/Australian Super = 40%. Think they want to be diluted ?

I am no longer worried about dilution. They have $170 million, they already have $500 mil in commitments BEFORE the BFS, and they will get equity cash in for a battery JV or long term off take. They might need another couple hundred mil in debt. PIECE OF CAKE.

It’s hard to be more bullish than I was yesterday. But I am.