I like the project, always have. Assume they likely find high-grade shoots like under Ulysses.. I liked the purchase of the Kookyine tenements which provided open pit feed for UG and conveniently included a borefield needed to support a mill.
What doesn't smell right is massive sell pressure on every announcement when apparently the roses will smell nice after the resource upgrade. Sayb8ts the Gold price but have a look at the drill results announcements over layed with the share price.. announcement says one thing and the share price another.
They are massive piles of shares getting dumped on a thin volume stock. It reeks. So SMS were paid shares for earthmoving services and a former significant holder faced some tax trouble in years past but this keeps going on the sell pressure. Brokers from the 4c raise? Gifted cheap shares - I don't know its just speculation.
My opinion is I am not selling now but definitely not buying more... I like the horse but not the jockey... disappointed when as an exploration company they didn't drill a hole for 6 months... now this dumping of big parcels.. waiting for a predator to come in an double the sp.
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