funding is a key issue for a junior explorer like SPQ that must be considered when weighing up risk.
if they don't hit a core at CC or BT but make great progress and great data to help them with future planning etc this will bring the share price back to below 3c eventually after drilling is complete and assays are back (although price will likely increase in short term in anticipation).
so why must we consider funding? they recently raised to sophs at 3c. around 10% dilution of the register from memory.
we keep doing that every time?
they must consider alternative options for funding even before the end of this drill program.... you never know what's around the corner.
SPQ Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
(20min delay)