E I refer to the pivot that Murphy did on May 2015. SOR pegged out of their gold search in NZ after 4 years and investing about $4 mil. Murphy did a CR at about 3c urging SH to average down. 40 mil shares issued raising about $1.2 mil.
Immediately SOR announced investment in Nanocube technology. Within 3 months he gets the SP from 2.5c to 25c. That's a 10 times return on all those who took up his CR offer.
To me that is great management. Since then SP is again in the doldrums. I'ts hit about 8.4c on 3 occasions since January. I've been buying at about these levels. I'm still hoping for the SP to go lower.
Murphy was able to resurrect the SP once, I am gambling that he can do it again. He still has 2 companies he can access to turn things around (Maria and Stealth).
The time frame can be tomorrow or in 3 years time or maybe never. In relation to MMR another of his creations, I gambled at 2c and got out at 4c. That one took 8 months.
IMO
SOR Price at posting:
8.6¢ Sentiment: None Disclosure: Held
