Bill is now a genius. He has secured funding @ 3,3 c and it is fully underwritten. Whatever happens they will still get their money and go through with the CR.
I am not sure of this as fact but I believe the only way he could have pulled that off was by showing them what we have not yet seen. There has to be half decent drill results pending which would allow for a resource upgrade otherwise why would Paterson's have done this ?
I think if anything shares below 3,3 will be snapped up and even with international problems we should see SBL sitting above 3,3 c.
Anyway that's my take and maybe I am fooling myself but that is what my gut tells me.
C R
SBL Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
