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Ann: High Nickel Values Confirmed at Symons Hill , page-58

  1. tcf
    6,953 Posts.
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    re: Ann: High Nickel Values Confirmed at Symo... Optimus8
    I'm a shareholder of MAT. If I had overly pessimistic views on an explorer I'd sell.

    You say "You said there is no guarantee that MAT will find something like Nova." Absolutely. MAT has no guarantee of finding another Nova. If MAT was so certain of finding a Nova the SP would be around $5.00 today and I'd be dancing in Jamaca. It's not unfortunately and there is a lot of uncertainty about what measure of success MAT will have when it commences RC drilling at Symons Hill.

    Preliminary results announced recently that are similar to SIR's preliminary result are nothing more than encouraging. I am encouraged and that's why I'm a shareholder - at the moment. That's all it means to me. That's all it means to a lot of other people too because the SP is off about 8 cents since those announcements were made.

    You say "Why is there smoke when there is no fire?". Because there is always a lot of smoke in the exploration game and most times it is green leaves burning near the exploration camp - not the finding of a new resource.

    I'm not too sure from your posts what experience you have with buying small exploration stocks.

    My concern is the SP and what might stimulate it or supress it. At this time the SP is depressed in my view because RC drilling at Symons Hill may be some months off and some people who can influence the market may know that.

    Advice on when drilling is planned to commence will assist existing and potential investors to know when the next market action will be likely. Why are people like you not wanting to know this information?
 
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