This has never traded 0.1/0.2 cents.... try not to exaggerate. It has traded 0.2/0.3 for very long periods of time.... the last time it broke out of that range was when GTT Ventures were sitting on 300 million shares [which they paid 0.2 for] and which they dumped into the rally which came along. The share price in that rally traded 0.4/0.5 but couldn't go higher because 'somebody' with what seemed like an endless supply of shares kept selling into the 0.4. Weeks later, SOC management themselves confirmed [i.e. Simon Bird and Benjamin Amzalak] that GTT Ventures only had slightly less than 10 million shares left of their holding ... only weeks after they acquired them. [This was when GTT wanted to control yet another CR @ 0.2 cents and be handed 500 million shares ... to replace the ones they had profited on so easily .... and they would have been able to do it all again.]
And do you remember what caused that rally? It was a series of announcements that, finally after doing nothing for 2 years, SOC was going to sink a few holes in the ground at Halls Peak and they had lined up a JV to do the same at Mt Adrah.
You are afraid of average results ... so what's your solution? NO RESULTS! Yep that's it..... exploration??? .... noooo!!!! .... run away run away.
A good medium trade .... well that sums it up.... meaning you don't think there is any long term value in the opportunity [cough] that the GTT boys are brewing.
The GTT boys have no idea....
SOC Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
