Sunrise Energy Metals Ltd (SREMF)

[tedro84]

I’ve made it clear on the other board that I despise chart reading, but I’m confident the bottom is in on this one. The down swing was caused mostly by dropping cobalt prices but also an FS that didn’t quite meet investors expectations. It should be noted that the FS assumes $30/lb for cobalt for the life of the mine. Prices recently dropped to ~$28/lb and have rebounded to ~$33/lb.

If you want to track daily swings it is paramount that you track CLQ on the AUX. The OTC has mostly followed it. There is plenty of liquidity on that exchange. CLQ is thinly traded on the TMX. Rubber has voiced his frustration with the listing on that exchange.

If you want an extreme example just look at Australian Mines (AMSLF on the OTC). Down 60% yesterday and up 100% today. That swing is irrelevant to the value of the company and AUZ on the AUX has not seen such swings.

Check your sources before you start reading charts.