SSC 0.00% 1.1¢ sultan corporation limited

about to develop mine, page-37

  1. 5,790 Posts.
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    Skinnyman

    It sounds as though the risk profile doesn't suit you. Thats fine.

    Over the next month or so they have some very sp senstive news to deliver namely more drill results then an updated JORC.

    Then I agree it may be time to walk for a while.

    After that they will be doing BFS and I have been advised by the company that current cash reserves is sufficient to do this. Further dilution will come after that with a cap raising. I got told the BFS should be done by years end.
    In fact after reading the report, I felt they were further ahead than I was lead to believe.

    You are obviously chasing only projects that are highly advanced. IMO that is when you only buy once the first metal is poured extracted etc as thats when they make the money. I agree SSC is a while off but still see this doubling in the next 4-6 weeks.
 
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