re: starting to smell I must admit I have started to have my
doubts about this one - it wouldn't be the
first or last conjob I encountered in the
market if it was all bull...but then I look at the market cap and wonder what I'm worried about.
If it was worth $100million then yes, I'd
be looking for the exits but , at 50c, it's
worth about $12million, about twice the
value of YAM...how much further can it fall
until it's valued as a shell company?
If you speak to the directors they're all
bullish about it(I suppose they would be)
but the tie up with the Burnett Institute
(who you wouldn't think would be a shady
group) must be worth something.
I think it just needs the HEP E deal
confirming to give it a bit of credibility but
it is strange how the SP is continually
hitting lower levels despite what looks
like a bright near to medium term future
if you believe the timelines in the
presentations(and if you believe the directors). It almost appears that there's
something in left field like a placement
hanging over it. The real insiders would be
in the know if there was a placement at
45c or 50c(surely it wouldn't be at anything lower than that) and would be
quietly selling down. That's all I can think of - any of you "insiders" got anything
different?
I hold SLT,SLTO. Do your own research
before investing.
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