UK 03:12 Wednesday, 21 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Seasoned mining entrepreneur Patrick Cheetham, executive chairman of unloved diversified mineral explorer Sunrise Resources (SRES), says he expects a US federal drilling permit for the company’s Bay State silver project in Nevada within two weeks. This comes a month after underground soil sampling unearthed ‘bonanza’ grades there, including 61 cm. showing an average 1,123 grammes or 33 oz. of silver per tonne of ore, with some grades up to 4,020 grammes a tonne.
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.
Having looked at the train wreck of London Mining (LOND) this morning we as investors really do have to look not only at financing projects the overall capex and the geopolitical risk but the commodity cycle. London has have been hit by more than one shortfall, today marks the bugling of the last post with the inevitable fall of the company as it's known today. This leads me onto a company I believe has had a similar footprint on the chart but which is a very different animal, Sunrise Resources (SRES).
