Sunrise Energy Metals Ltd (SREMF)

[tedro84]

RW, did you see this announcement?

https://clients3.weblink.com.au/pdf/CLQ/02158012.pdf

Obviously nobody is thrilled with a further delay on an investment decision, but the MCC agreement never was well received. The assumption was always that MCC was a gateway to Chinese state money.

Riggall recently said there was an influx of interest from European and North American auto manufacturers. I take this recent news as affirmation that discussions with these parties are going well enough that CLQ feels they can cut ties with MCC despite the funding they may have access too. Lots of discussion on hot copper on that.

Switching to the reputable Fluor (HQ just outside Dallas) gives them more local control and likely far more traction with partners in Europe and NA.

Finally, I wouldn’t read too much into it, but Secretary of Commerce Wilbur Ross was in Australia this week to discuss why Australia should trade more minerals to the US and less to China.