Ann: Sale of Challenger Royalty , page-6

  1. 29,773 Posts.
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    it will be a long time before this stock is worth $2 again - but we all live in hope. if they had only held on to the valhalla shares a bit longer, then all the funding issues would have been solved - but the benefit of hindsight is brilliant.

    syama is the break or make for resolute. there have been capital blowouts etc etc, and these have all happened when there has been a problems with companies raising funds - at least it is a bit better than the likes of bnb

    despite the hedges, ravenswood should be raking in the money. that was a great move, to buy puts on the gold price at au$1000 per oz - rather than hedge

    there seems to be a lot of upside on the syama tenements.. eg finkolo

    simply have to keep the fingers crossed]
 
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