Fantastic job, Kookaburra. Most holders (90% or more) go to meetings and presentations with many questions in mind but freeze at the crucial moment. IMO, asking a carefully prepared question and getting an answer off the cuff from the MD is likely to get a revealing response.
I would expect a "no comment" if there were in fact discussions, as it would be a criminal offence to reveal any market sensitive info to a smaller group (learned hands here would remember the Southcorp prosecution of the company and staff when they disclosed some earnings info to a broker presentation but not the market). If there had been no discussions, then I imagine he would either say "No discussions" or "No comment" for fear of looking silly (i.e. he wouldn't want to admit that he hasn't considered a good idea). IMO the first alternative is the most likely, as the cap raising here has been well managed - I don't think he is silly.
Such discussions would not be market sensitive for SFR, so we should watch them carefully.
Of course discussions can be all one way (e.g. the pretend discussions that BHP and RIO engage in re rail access with the iron ore juniors) but SFR has no vested interest in saying no, other than pride in their opinion that they have significant exploration potential. As time goes by, pretty quickly by the look of their exploration budget, SFR will take us more seriously.
BTW, I also hold SRI. I think both are in a great position.
VRX Price at posting:
60.3¢ Sentiment: LT Buy Disclosure: Held
